easiest bank to apply credit card singapore

Personal Banking; Cards. Previous A variety of SCB Prepaid Card products to fit every lifestyle. Read the details of each type of SCB credit card. What would you like the power to do? For you and your family, your business and your community. At Bank of America, our purpose is to help make financial. We're the FeelGood money, offering personal loans, car finance, credit cards, savings and peer-to-peer investments, all managed online.

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Credit Cards

Disclaimer: The Reserve Bank of India (RBI) has, vide order dated July 14, 2021, imposed restrictions on MasterCard Asia/Pacific Pte. Ltd. from on-boarding new domestic customers onto their card networks, with effect from July 22, 2021. Accordingly, ICICI Bank Limited shall be unable to accept further applications for any ICICI Bank Credit Cards on MasterCard network. However, please note that this order does not impact existing customers.

ICICI Bank Credit Cards, to take care of all your expenses

From your everyday commute to international trips, from daily spends to luxury purchases, from grocery shopping to fine-dining restaurants, there is always an ICICI Bank Credit Card to take care of all your expenses. Experience an array of benefits, attractive offers and user-friendly features when you use a credit card from ICICI Bank.

To experience all this and more, click on the button below and discover the offers that you are eligible for.

ICICI Bank Credit Cards offer a host of benefits and offers to cater to your needs. So get the credit card of your choice by browsing through the credit card section.

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Supplementary Cards

You can also get an add-on or supplementary card

With the add-on card, you can share almost all the benefits of your ICICI Bank Credit Card with the members of your family at no additional fee with an add-on card. Interested to know more about this feature? Click the button below to discover how you can extend the benefits of your credit card to your family.

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Источник: https://www.icicibank.com/card/credit-cards/credit-card.page

E-Payments

MAS formulates policies, develops strategies and infrastructure, and collaborates with the industry to ensure a competitive and innovative payments ecosystem that is safe and secure. MAS seeks to foster an inclusive e-payments society by making e-payments easy to use and accessible to everyone.

 

The Singapore Payments Roadmap (1.32 MB) is a collaborative effort by MAS and KPMG to study Singapore’s payment landscape. The study surveyed more than 2,500 stakeholders in Singapore’s payment ecosystem and internationally to understand the current state of how consumers and businesses make payments. The study identified key recommendations and strategies to promote e-payments in Singapore.

 

Building on the Singapore Payments Roadmap recommendations, MAS formed the Payments Council to drive the adoption of e-payments, and foster innovation and collaboration in the industry. The Payments Council is headed by MAS' Managing Director, Mr. Ravi Menon, and comprises leaders from banks, payment service providers, businesses, and trade associations.

Parliament passed the new Payment Services Act (PS Act) in January 2019 to unify and streamline the regulatory requirements for various payment services in Singapore, including e-payments. The PS Act adopts a modular and risk-focused approach to tailor MAS’ rules according the scope and risks of each payment service. This gives MAS the flexibility to respond quickly to the fast changing payments landscape, and preserves stability while facilitating the innovation and growth of e-payments in Singapore. 

Источник: https://www.mas.gov.sg/development/e-payments

Best Business Credit Cards For Startups and New Businesses Of November 2021

Best Business Credit Cards For Startups and New Businesses

Featured Partner Offer

Best Flexible Rewards on a No Annual Fee Card

The Blue Business® Plus Credit Card from American Express

Apply Now

On American Express's Secure Website

Apply Now

On American Express's Secure Website

Up to 2X Reward Rate

Earn 2X points on the first $50,000 in purchases each year; Earn unlimited 1X points on purchases thereafter

Welcome Bonus

Earn 15,000 Membership Rewards® points

Regular APR

13.24% - 19.24% Variable

Credit Score

Excellent, Good (700 - 749)

Editorial Review

The Blue Business Plus card is a rare example of a no-annual-fee way to game your rewards earnings. You'll earn 2X points on all purchases up to $50,000 per year. It's a perfect fit if your business is small enough to spend less than $50,000 per year. If not, spend up to the $50,000 max, then switch to another card for the rest of the year's purchases. You'll win either way.

Pros & Cons

  • Wide variety of airline transfer partners
  • No annual fee
  • High rewards rate on the first $50,000 in annual spending
  • 2.7% foreign transaction fee
  • 2 points per dollar rewards rate falls to 1 point per dollar after $50,000 in annual spending

Card Details

  • Earn 15,000 Membership Rewards® points after you spend $3,000 in eligible purchases on the Card within your first 3 months of Card Membership.
  • Earn 2X Membership Rewards® points on everyday business purchases such as office supplies or client dinners. 2X applies to the first $50,000 in purchases per year, 1 point per dollar thereafter.
  • You’ve got the power to use your Card beyond its credit limit* with Expanded Buying Power.
  • *The amount you can spend above your credit limit is not unlimited. It adjusts with your use of the Card, your payment history, credit record, financial resources known to American Express, and other factors.
  • 0.0% intro APR on purchases for 12 months from the date of account opening, then a variable rate, 13.24% – 19.24%, based on your creditworthiness and other factors at account opening.
  • No Annual Fee
  • Terms Apply
  • See Rates & Fees

Best Overall Travel Rewards

Ink Business Preferred® Credit Card

Up to 3X Reward Rate

Earn 3X points per $1 on the first $150,000 spent in combined purchases on travel, shipping purchases, Internet, cable andRead More

Welcome Bonus

Earn 100,000 bonus points

Regular APR

15.99%-20.99% Variable

Credit Score

Good, Excellent (700 - 749)

Why We Picked It

Frequent business travelers who spend generously within the bonus categories will find extreme value in this card.

Pros & Cons

  • Remarkable welcome bonus
  • No foreign transaction fee
  • Employee cards at no additional cost
  • Rewards for common business expenses
  • Has annual fee
  • Very high cash advance fee
  • Very high balance transfer fee

Card Details

  • Earn 100k bonus points after you spend $15,000 on purchases in the first 3 months from account opening. That’s $1,000 cash back or $1,250 toward travel when redeemed through Chase Ultimate Rewards®
  • Earn 3 points per $1 on the first $150,000 spent on travel and select business categories each account anniversary year. Earn 1 point per $1 on all other purchases
  • With Fraud Protection your card transactions will be monitored for possible signs of fraudulent activity using real-time fraud monitoring
  • With Zero Liability you won’t be held responsible for unauthorized charges made with your card or account information
  • Redeem points for cash back, gift cards, travel and more – your points don’t expire as long as your account is open
  • Points are worth 25% more when you redeem for travel through Chase Ultimate Rewards®
  • Purchase Protection covers your new purchases for 120 days against damage or theft up to $10,000 per claim and $50,000 per account.

Best Simplified Cash Back

Ink Business Unlimited® Credit Card

1.5% Reward Rate

Earn unlimited 1.5% Cash Back rewards on every purchase made for your business

Welcome Bonus

Earn $750 bonus cash back

Regular APR

13.24% - 19.24% Variable

Credit Score

Good, Excellent (700 - 749)

Why We Picked It

Busy business owners will appreciate this card's simple flat-rate rewards program which doesn't require time to manage and optimize.

Pros & Cons

  • Unlimited 1.5% cash back rewards on purchases
  • No annual fee
  • Generous welcome bonus
  • 0% Intro APR on Purchases for 12 Months
  • Cash back awarded as Ultimate Rewards, which can be combined with Premium Chase credit card accounts for better reward redemption options
  • High foreign transaction fees
  • Not a good card for balance transfers

Card Details

  • Earn $750 bonus cash back after you spend $7,500 on purchases in the first 3 months from account opening
  • Earn unlimited 1.5% cash back on every purchase made for your business
  • No Annual Fee
  • Redeem rewards for cash back, gift cards, travel and more through Chase Ultimate Rewards®
  • Earn rewards faster with employee cards at no additional cost. Set individual spending limits for greater control
  • With Fraud Protection your card transactions will be monitored for possible signs of fraudulent activity using real-time fraud monitoring
  • With Zero Liability you won’t be held responsible for unauthorized charges made with your card or account information
  • 0% introductory APR for 12 months on purchases

Best Straightforward 2% Cash Back for Moderate Annual Spend

American Express Blue Business Cash™ Card

Apply Now

On American Express's Secure Website

Apply Now

On American Express's Secure Website

Up to 2% Reward Rate

Earn 2% Cash Back on all eligible purchases on up to $50,000 per calendar year; Earn 1% Cash Back onRead More

Welcome Bonus

Earn a $250 statement credit

Regular APR

13.24% - 19.24% Variable

Credit Score

Excellent/Good (700 - 749)

Why We Picked It

Considering there's no annual fee, the American Express Blue Business Cash™ Card pays off for business owners who spend $50k or less per year. Just don't use the card overseas, as the foreign transaction fee eclipses the cashback rewards.

Pros & Cons

  • No annual fee
  • Introductory APR on purchases
  • Great extra benefits like purchase protection and car rental insurance
  • Business-oriented benefits like employee cards and authorized management accounts
  • Highest-earning cash back reward capped after $50,000 in annual spending
  • High foreign transaction fees
  • No low introductory APR for balance transfers

Card Details

  • Earn a $250 statement credit after you make $3,000 in purchases on your Card in your first 3 months.
  • Earn 2% cash back on all eligible purchases on up to $50,000 per calendar year, then 1%. Cash back earned is automatically credited to your statement.
  • From workflow to inventory to floor plans, your business is constantly changing. That’s why you’ve got the power to spend beyond your credit limit with Expanded Buying Power.
  • Just remember, the amount you can spend above your credit limit is not unlimited. It adjusts with your use of the Card, your payment history, credit record, financial resources known to American Express and other factors.
  • 0.0% intro APR on purchases for 12 months from the date of account opening, then a variable rate, 13.24% – 19.24%, based on your creditworthiness and other factors as determined at the time of account opening.
  • No Annual Fee
  • Terms Apply
  • See Rates & Fees

Best Flexible Large Bonus Categories

American Express® Business Gold Card

Apply Now

On American Express's Secure Website

Apply Now

On American Express's Secure Website

Up to 4X Reward Rate

Earn 4X points in the 2 select categories where you spend the most each month (4X points applies to theRead More

Welcome Bonus

70,000 points*

Regular APR

14.24% - 22.24% Variable

Credit Score

Excellent/Good (700 - 749)

Why We Picked It

A business with significant spending can justify the annual fee and earn massive rewards through the 4x points rate on eligible purchases.

Pros & Cons

  • Flexible redemption and points transfer options
  • Robust travel benefits
  • Automatic 4 points per dollar on the two categories you spend the most each billing period on up to $150,000 in annual spending
  • 25% airline redemption rebate when booking through Amex Travel, up to 250,000 points back each year
  • High annual fee relative to benefits
  • 4 points per dollar rate is limited to the first $150,000 in spending annually

Card Details

  • Welcome Offer: Earn 70,000 Membership Rewards® points after you spend $10,000 on eligible purchases with the Business Gold Card within the first 3 months of Card Membership.*
  • More Rewards: Get 4X Membership Rewards® points on the 2 select categories where your business spent the most each month. 1X is earned for other purchases. **
  • **4X points apply to the first $150,000 in combined purchases from these 2 categories each calendar year.*
  • Airline Bonus: Get 25% points back after you use points for all or part of an eligible flight booked with Amex Travel, up to 250,000 points back per calendar year.*
  • Pay Over Time Option: Decide whether you want to pay eligible purchases in full each month-or pay over time with interest.*
  • *Terms Apply
  • See Rates & Fees

Best for road warriors and business travelers that spend a lot of time up in the air

The Business Platinum Card® from American Express

Apply Now

On American Express's Secure Website

Apply Now

On American Express's Secure Website

Up to 5X Reward Rate

Get 5X Membership Rewards® points on flights and prepaid hotels on American Express Travel; Earn 1.5X Membership Rewards® points onRead More

Welcome Bonus

120,000 Membership Rewards®

Annual Fee

$595 (10/14-1/12/22)

Regular APR

14.24% - 22.24% Variable

Credit Score

Good, Excellent (700 - 749)

Why We Picked It

The Business Platinum Card® from American Express is the quintessential status card for high-spending, frequent-flying business owners and their employees. If sufficiently leveraged, the card's robust benefits are well worth the high annual fee.

Pros & Cons

  • Excellent welcome bonus
  • A slew of valuable statement credits
  • Extensive airport lounge access
  • Rich suite of travel perks
  • High spending requirement to earn welcome bonus
  • Annual fee and additional cardholder fees are very high
  • Limited spending bonus categories
  • Some credits are doled out in increments, making them harder to spend

Card Details

  • Welcome Offer: Earn 120,000 Membership Rewards® points after you spend $15,000 on eligible purchases with your Card within the first 3 months of Card Membership.
  • Plus, 0% Intro APR for 12 months from the date of the account opening on purchases eligible for Pay Over Time. After that, your APR will be 14.24% to 22.24% based on your credit worthiness and other factors as determined at the time of account opening.
  • Get 5X Membership Rewards® points on flights and prepaid hotels on amextravel.com.
  • Earn 1.5X Membership Rewards® points on eligible purchases in key business categories, as well as on purchases of $5,000 or more everywhere else. Cap applies.
  • Unlock over $1,000 in value per year for statement credits on select purchases with your Card, including up to $400 with Dell Technologies, up to $360 with Indeed, up to $150 with Adobe and up to $120 on wireless telephone purchases. Enrollment required.
  • $200 Airline Fee Credit: Get up to $200 in statement credits per calendar year toward baggage fees and more at one qualifying airline.
  • $179 CLEAR® Credit: Use your Card and get up to $179 back per year on your CLEAR® membership.
  • Access to more than 1,300 airport lounges across 140 countries and counting with The American Express Global Lounge Collection®. More lounge options than any other credit card on the market as of 8/2020.
  • $595 Annual Fee ($695 if application is received on or after 01/13/2022).
  • Terms Apply.
  • See Rates & Fees

Best for business credit without a personal guarantee

Brex 30 Card

Up to 10-20X Reward Rate

Get 10-20x higher limits than traditional business credit cards while earning rewards and cash back on everything you spend, likeRead More

Welcome Bonus

50,000 points

Credit Score

No Credit Check (No Credit History)

Card Details

  • 50,000 signup bonus points after spending $9,000+ in the first 30 days
  • Brex offers a corporate credit card designed to help companies boost their spending power and grow faster
  • Get 10-20x higher limits than traditional business credit cards while earning rewards and cash back on everything you spend, like 7x on rideshare and 2x on recurring software
  • Build business credit from day one with a card that’s automatically paid monthly
  • No credit check, no personal guarantee, no account fees, and no interest
  • Save time and money with automatic receipt-matching and built-in expense management tools to help you gain detailed insights on your spend
  • Issue unlimited virtual cards to your team, and set custom limits on each card
  • Close the books in record time with QuickBooks, Xero, NetSuite, Concur, and Expensify integrations
  • To get approved for a Brex card with monthly payments, businesses need a linked bank balance of at least $50,000
  • Brex Mastercard® issued by Emigrant Bank, Member FDIC. Brex Cash provided by Brex Treasury LLC, member FINRA and SIPC. Brex Treasury is not a bank; Brex Cash is not a bank account. Testimonials may not represent experiences of all clients. Terms apply, visit brex.com.

Methodology

When it comes to the best credit cards for startups, we evaluated dozens of cards to find the ones that best suited new businesses. Not only did we look for cards that offer a higher rate of rewards on business category spending, but we looked at welcome bonuses and compared any annual fees and other fees each card charged. On the other side of the equation, we looked for credit cards that let you redeem rewards for either cash or travel at a competitive rate.


Best Business Credit Cards For Startups and New Businesses

Источник: https://www.forbes.com/advisor/credit-cards/best/business-cards-for-startups/

Disclaimer: This article may link to products and services from one or more of ExpatDen’s partners. We may receive compensation when you click on those links. Although this may influence how they appear in this article, we try our best to ensure that our readers get access to the best possible products and services in their situations.

Ask most people what they know about Singapore and one of the first things people will mention is how expensive Singapore is.

From cost of housing to healthcare, to buying food or eating out in restaurants, you can be sure that you will be dipping into your wallet more frequently than you would like when living in Singapore.

So, how do you manage this without it becoming a painful exercise in constant overdraft negotiations with your bank? With the assistance of credit cards of course.

With so many choices, where do you start to find the right card for you? Follow this guide to help you understand what is really on offer and the pros and cons behind each choice. It will help you sift through the most popular credit cards and suggest the best to suit your lifestyle.

Understanding Credit Cards

If you don’t own a credit card already, I suggest you are going to need one shortly after arriving in the Lion City.

Even if you have one already, after reading this article you might want to look for a second one. Why? Well, couple this expensive way of life with the local psyche of deals, bargains, and up-selling and you’ll quickly understand that credit cards are more than just another form of payment.

Every Singapore based credit card also comes with its own set of rewards. Cash back, air miles, free gifts, concierge services to name just a few. Every bank has a range of cards and rewards on offer, something to tempt everyone.

Why Get a Credit Card?

Credit cards can be an excellent way of managing your bank balance. Put simply, credit cards enable you to spend money on a credit basis, to spend money you don’t currently have or at least money you don’t want to leave your bank account at that moment of purchase.

Credit cards give you the flexibility to buy now and pay later, up to a set credit limit which may be a few hundred or several thousand dollars depending on your bank and credit history.

They are also accepted at more places than charge cards that don’t offer a credit facility, meaning you must pay off the cost in full and on time each month; or prepaid cards, which are loaded up with money prior to use and where spending is limited to the amount held on your card. It’s essentially a plastic alternative to cash.

Credit cards are a safer way of carrying payments than loose cash. If your card is stolen you simply phone the bank and put a block on the card. If your card is used fraudulently online you’re more likely to be refunded.

Be mindful though of the terms of lodging a dispute especially with regards to online transactions. Most banks will require you to submit a dispute resolution form within 14 days of a card statement being issued.

Credit cards can also offer you protection. If you make a big purchase like an airline ticket or a vacation trip and the business subsequently folds, you may be protected by your card issuing bank who will refund the money. Not all cards and banks are equal though so please read your card contract small print.

A Singapore issued credit card may also make it easier for you to enter into other financial contracts such as securing a mobile phone or getting a car loan.

Let’s face it, unless you are in the ultra-rich category, you won’t be buying a car outright in Singapore any time soon. Accessing credit quickly and easily can be very important to easing the other transactions in your Singapore life.

What to Watch Out For

On the flip side, if you aren’t sensible credit cards can end up costing more than you think or leave you in a spiraling debt crisis.

Credit cards offer you the opportunity to pay off some, or all, of your credit debt at the end of each month. Assuming you pay the bill off each month then all good, but if you make only the minimum payment or, worse still, don’t even manage that, then you will pay interest on that loan at a whopping rate of 15% to 28% depending on which card you hold. Ouch.

This interest rate is going to be well above that which you enjoy on your savings accounts, if you have one, so miss just one payment and that interest will quickly add up to well above that which you can easily repay. Interest payments can also be backdated. Read the small print.

Making a late payment or exceeding your credit limit will also result in default charges. Did you know that many cards have annual fees just for the pleasure of owning them? Let’s also not forget the balance transfer fee, the cash advance fee, and the foreign transaction fee. Again, read the small print.

Watch out for cash withdrawals as well. It’s not always well known that interest is usually charged daily, from the day you withdraw cash on your card and at a higher rate than the interest on standard payments.

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If you make monthly payments with a credit card, such as a gym membership, even though you are paying by installments your bank will make full payment on your behalf when you sign the agreement. If the business ceases prior to the end of your contract you remain liable to pay the monthly installments to your bank.

Depending on your agreement with your card issuing bank you may not be able to claim any losses, especially if the bank itself is not able to recover on your behalf. Check your card’s protection plan carefully for installment plan payments. Did I already say it, read the small print.

Before you rush off to grab your new card there are some important factors to consider.

Existing Accounts and Cards

One of the requirements of a successful credit card application is that you have an existing Singapore bank account. It might be smart to look at their card options first and foremost.

One of the best ways to ensure you don’t end up in a spiral of credit card debt is to simply set up a direct debit for the full monthly balance or at least, for as much as you can afford to pay regularly. This will be easiest to set up and manage between accounts within the same bank.

Age

In Singapore, you need to be at least 18 to apply for a credit card. Even then you can only apply for a student credit card with your parent or guardian’s consent. At the ripe old age of 21 all the card options open up to you.

Applying as a Foreigner

Most major banks in Singapore will allow foreigners to apply for a credit card assuming you are on a valid work permit or visa and have a residential address in Singapore.

But you will have to demonstrate a minimum annual salary level of $45,000 SGD, somewhat higher than the $30,000 SGD that applicants holding Singapore citizenship or PR (Permanent Resident) status have to show.

Credit Rating and History

All banks and card providers will run a credit assessment on receipt of your application. They will be looking at several indicators. Firstly, your credit score calculated on your past payment history on loans.

The higher your risk of repayment the lower the score. This score will be looked at in line with your annual salary, length of employment, bankruptcy, litigation, and so forth. Your credit rating doesn’t just determine your application success but can also influence the interest rate or promotions you are subsequently offered, otherwise known as risk-based pricing.

Your card may have an attractive APR (annual percentage rate, more commonly referred to as interest rate) to lure you in, however when it comes down to it only 51% of accepted card holders legally have to be offered that advertised rate, the other 49% of applicants may still be accepted for the card but with an escalated interest rate, based on how risky of an applicant the bank considers you.

All that said, the good news is that Singaporean banks only consider your credit rating here in Singapore so all those debts you racked up back home no longer matter. Of course, if you have just arrived in town it may mean that your Singapore credit file is looking a little slim.

In which case, you will need to provide extra details such as monthly expenses and rent or written confirmation from your employer or landlord.

In some cases, your only option is to go for a “credit builder card,” a card that helps you improve your credit rating but at a very high rate of interest. Not the best but perhaps the only option for some people.

Types of Credit Cards

You’re probably familiar with the brands Visa, MasterCard, and American Express (Amex) but do you know what the difference is? They are all payment networks that facilitate the transmittance of data and authorize the movement of money between merchants and banks.

To most of us, Visa and MasterCard credit cards really aren’t very different. Both are widely accepted around town, both have contactless payment systems, both are accepted for online shopping, and both have extended global ATM networks.

Visa initially holds the advantage with a greater rate of acceptance and its claim that it can replace a lost credit card within one business day.

MasterCard swings ahead in terms of promotions, which are network-wide. In other words not necessarily linked to one bank but to your MasterCard whatever the issuing bank. Your choice.

American Express swoops in with excellent acceptance rates across all major bricks and mortar merchants and online retailers but less so with smaller independent retailers due to the higher merchant fee they pay on transactions.

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American Express cards fare best in terms of the benefits on offer. They have stronger consumer protection measures than Visa or MasterCard and can secure better benefits with third party merchants due to their ability to negotiate as a major credit card issuer.

Visa and MasterCard cards are obtained through a third party issuing bank. Whereas, Amex cards can be issued both by banks and Amex itself, with the more highly sought after cards, such as the American Express Singapore Airlines Kris Flyer card coming direct from Amex.

Just when you thought you had got your head around the different card options, there are also a couple of other players in the market: Diner’s Club,UnionPay, and JCB.

Diner’s Club, like Amex, issues its own cards but isn’t widely accepted across Singapore. UnionPay and JCB cards are China and Japan’s main credit card issuers respectively but are both beginning to gain traction through partner banks here in Singapore.

Perhaps not ones to consider at this stage unless you plan to spend a lot of time in either China or Japan.

Bank Credit Cards

If you have read this far and are already considering a new credit card then you will already know that you need a local bank account to hold a Singapore issued credit card.

There are a range of international and local banks to consider in Singapore including but not limited to:

First up, I suggest considering the credit cards offered by your existing bank and then shop around to look at whether alternatives suit you better. The sign-up bonus with a new bank might well entice you away from your existing one.

There is another consideration still, whether you need a Singapore-issued credit card at all? For some people the foreign transaction fee on purchases made on their existing home country credit card may even be cheaper and easier than securing a new card. Just a thought.

The banks all want your business. They all offer Visa, MasterCard and American Express options. So how are they going to secure you as a new client?

Through their sign-up incentives and rewards schemes. This is where choosing a credit card gets interesting so let’s break down the options.

Interest-Free Cards

Sometimes known as 0% purchase cards, these are cards that don’t charge interest on your purchases, for example the OCBC Cashflo Credit Card.

With this and other cards like it, you can buy at leisure, spread the payments over time, and still pay no more than if you had paid up front.

There are also cards offering low balance transfer fee perks whereby you can transfer debt from an existing card onto your new card and pay minimal interest on that debt.

There is likely a fee for this activity but it should still be smaller than the interest payments on the debt with the original card, check out HSBC’s Card Balance Transfer offer.

Cash Back and Rebate Cards

If you anticipate fully paying off your debt each month then interest rates are irrelevant. Cash back and rebate cards, such as the Maybank Family & Friends credit card and the Citibank Cash Back card, give you dollars back when you spend on daily essentials to paying your monthly utilities bills.

Make sure you look at the finer details as all rebates and cash back cards are different. Check what the monthly cap on cashback is.

Is the earn-rate obvious and positive for the items you spend on or are you going to have to shop outside of your existing spending habits to take full advantage?

Rewards Based Cards

Signup bonuses, air miles, store credit, vouchers, experiences, discounts, dining promotions, movie tickets–they are all out there for the taking.

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The premise is simple, the more you spend, the more points you earn which can then be redeemed from your card’s rewards program.

Whet your appetite with the HSBC Visa Infinite Card and then get ready to do some research as the choice on rewards card is plenty.

Contactless Payment Systems

Looking to scan, swipe and go? Then look for a card offering the contactless payment system such as Visa payWave or ApplePay, or the American Express True Cashback Card.

Some banks even offer additional rewards for using your contactless payment option. Double the fun.

Comparing Options

You have the low down on types of cards and you are thinking about what you want to get from a card. Now you need to understand how to match a card to your lifestyle.

Spending Habits and Lifestyle

Are you a frequent traveler? What purchases are you looking to make on your card? This will help you identify whether the rewards or cash backs are ones which you can easily tap into.

Frankly, there is no point getting a card offering miles and great travel perks such as the DBS Altitude Visa Card if you only travel to Kuala Lumpur and back once a year.

Time Spent in Singapore

This is not just an existential question about your life plan, but whether your time here will be spent in Singapore or traveling abroad frequently.

Getting a card with a plethora of local rewards such as the OCBC Best Dinki Credit Card, which gives you rewards on electronics purchased in local stores, Best Dinki, might not cut the mustard if you aren’t even in Singapore to earn those points in the first place.

You may even end up being charged more in foreign transaction fees on your Singapore credit card than if you used your existing home country card on your travels.

If you know you will be overseas frequently then start to look at cards with great overseas travel and spending perks such as the Standard Chartered Visa Infinite.

Existing Banking Arrangements

We’ve already mentioned this. Which bank are you already with? Is the best match with them? Or does the signup bonus on offer from a competing bank sound attractive enough to make you jump to another?

The American Express Singapore Airlines KrisFlyer Ascend credit card with its sign on bonus of 42,500 air miles could be enough to turn your head from whatever your existing bank is offering.

Or perhaps the knowledge that as an existing HSBC Premier Banking customer you are exclusively eligible for the HSBC Premier MasterCard is all the cache you need to stay put with HSBC.

Overview of the Best Cards

You will have gauged by now that there are many options available to you and considerations to make. There is no one-card-fits-all option.

Following are some suggestions of the best cards available to-date. Card options do change regularly so remember to do your own research as well.

For Signup Bonuses

There is a balance between the starter miles or bonuses available and the minimum spend to earn that bonus, so we jump straight in with a card that has none of those catches.

The Standard Chartered Unlimited Credit Card is a no-fuss credit card that gives you instant cash back.

The add-ons:

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  • receive $220 SGD cash immediately on application
  • instant digital credit card approval and insurance if you apply via MyInfo
  • 1.5% cash back qualification on purchases
  • no cash back cap per month
  • no minimum spend per month

For Travelers

Frequent travelers need look no further than air miles as their reward incentive. Earn miles and exchange them for flight tickets.

Look out for deals both on earning and redeeming miles and the extra lifestyle rewards built around these programs. Complimentary airport lounge access anyone?

Don’t forget to check the miles you earn are on flight reward programs you use. Tie-ups tend to be with major Asian airlines programs such as Krisflyer and AsiaMiles.

The UOB Miles American Express PRVI Miles Card.  Earn 7 miles per $1 SGD spent on major airlines and hotels worldwide.

This is the best rate we’ve spotted yet. What’s more you also get 2.4 miles with $1 SGD spent overseas, up to three miles with every $1 SGD spent on Grab and 1.4 miles spent locally.

The add-ons:

  • up to 12,000 welcome miles as a sign up bonus
  • 20,000 loyalty miles every year with a minimum annual spend of $50,000 SGD
  • access to a UOB PRVI Travel Butler and dedicated travel assistance hotline
  • complimentary personal accident coverage travel insurance and medical assistance up to $500,000 SGD
  • up to 8 complimentary airport transfers to Changi Airport every year
  • $10 SGD rebate on contactless payments

For Luxury Lifestyles

Admit it. Who hasn’t always wanted a personal chauffeur? Yes seriously. Whether it’s chasing a wannabe luxury lifestyle or supplementing your existing one, this is the card for you.

The DBS Altitude Card (which comes as a Visa or Amex card), as the name suggests, is positioned as a luxury travel rewards card option but comes with all sorts of additional services including the aforementioned personal chauffeur for luxury airport transfers.

The add-ons:

  • earn three miles for every $1 SGD spent on online flight and hotel transactions
  • access to the Visa Concierge program with complimentary room upgrades and more
  • up to $1,000,000 SGD travel accident insurance coverage for you and your family
  • 10,000 bonus miles upon payment of annual fee ($192.60 SGD) or waiver of fee if you

For Big Spenders

Money equals power. For some people anyway. There are those who can drop a ton without flinching.

If this sounds like you, and you truly have the funds for this lifestyle, consider yourself one of the elite. And as one of the elite, you get access to cards that the rest of us can’t even consider, invitation only exclusive cards such as the UOB Visa Infinite Metal Card or the OCBC Elite World Card.

For the rest of us who need every dollar we can get, we suggest looking at the cashback credit cards. Earn while you spend. Simple.

The POSB Everyday Card gives you 15% cash rebates and deals on every day essentials.

The add-ons:

  • up to 15% cash rebates on online food delivery, food catering and more through the DBS Lifestyle App
  • up to 6% cash rebates on shops and utility / service providers such as Starhub and SP Group
  • use it as an all-in-one card for your daily essentials, MRT / bus rides and more
  • cash rebates never expire

For People Who Buy a Lot of Gas

You may not have the long open roads in Singapore that you see back home but that doesn’t seem to stop the boys with their toys.

There are plenty of Lamborghinis, Ferrari’s, and Porsche’s out on the roads to keep the va-va-voom going in your life.

If you count yourself in this gang and the only miles you are interested in are the gas miles then this is the card for you.

The DBS Esso Card gives you 21.2% gas savings and turns everything you buy into free gas.

The add-ons:

  • get an additional $7 SGD fuel savings with a minimum $180 SGD net fuel savings every month
  • $180 SGD fuel saving sign up bonus
  • auto enrollment in the Esso Smiles Drivers Reward program
  • 0% interest free Installment Payment Plan for motor insurance and road tax
  • pay-pump-go options at all Esso service stations for greater convenience

Tips and Tricks

Not all cards are equal. You know to read the small print. But there are still some other tips and tricks to making your card work for you.

Getting the Most from Cards and Rewards

Reward cards have a redemption window. The window in which you can convert your points to rewards. Sometimes that window doesn’t work for you.

Perhaps you don’t have enough points to buy what you really want. Maybe you know an item is coming out shortly that you are saving for.

Our top tip is to look at store vouchers. These have a much bigger redemption window than most card reward programs.

Don’t lose your rewards, instead convert then to the likes of Takashimaya store vouchers which have a much longer expiry date, especially easy through a card such as the DBS Takashimaya Card.

Avoiding the Debt Spiral

I can’t stress enough how important it is to use your card prudently and not spend beyond your means or fail to make payments on time.

My top tip here is to consider setting up an automatic payment, known in Singapore as a General Interbank Recurring Order from your bank account to your credit card bank. Those overdraft negotiations with your bank might just save you from spiraling interest fees.

Accruing Rewards

How frustrating is it to know you have a card that racks up the rewards yet you can’t use it when you are paying for those big ticket items such as your condo or school fees? We can feel your pain from here. But it’s OK, there’s a solution: CardUp?

CardUp gives you a whole new way to make payments by credit card even when the recipient doesn’t accept them. CardUp act as the middle man.

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Once you’ve paid your insurance, school fees, or property rental, you can sit back comfortably knowing that you are racking up those rewards again.

Now, on to You

Whatever card you decide on please remember the following: do your research, check the terms and conditions, check the eligibility requirements ahead of your card application, and lastly, apply financial prudence to your spending.

If you have any experience with credit cards in Singapore, tell us about it in the comments section below.

Selina Boyd

Selina writes from her outdoor desk in sunny Singapore. Originally from the UK, it didn’t take much to convince her to leave behind the grey, rainy skies for tropical living in the Little Red Dot 11 years ago and she has never looked back. When not behind her desk, she can be found wandering the streets with a camera (follow her on @s_ingshot) or climbing volcanoes around South East Asia.

Источник: https://www.expatden.com/singapore/best-credit-cards-in-sg/

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Источник: https://plus.com.sg/apply/banking/ntuc-ocbc-starter-account

Easiest bank to apply credit card singapore -

Disclaimer: This article may link to products and services from one or more of ExpatDen’s partners. We may receive compensation when you click on those links. Although this may influence how they appear in this article, we try our best to ensure that our readers get access to the best possible products and services in their situations.

Ask most people what they know about Singapore and one of the first things people will mention is how expensive Singapore is.

From cost of housing to healthcare, to buying food or eating out in restaurants, you can be sure that you will be dipping into your wallet more frequently than you would like when living in Singapore.

So, how do you manage this without it becoming a painful exercise in constant overdraft negotiations with your bank? With the assistance of credit cards of course.

With so many choices, where do you start to find the right card for you? Follow this guide to help you understand what is really on offer and the pros and cons behind each choice. It will help you sift through the most popular credit cards and suggest the best to suit your lifestyle.

Understanding Credit Cards

If you don’t own a credit card already, I suggest you are going to need one shortly after arriving in the Lion City.

Even if you have one already, after reading this article you might want to look for a second one. Why? Well, couple this expensive way of life with the local psyche of deals, bargains, and up-selling and you’ll quickly understand that credit cards are more than just another form of payment.

Every Singapore based credit card also comes with its own set of rewards. Cash back, air miles, free gifts, concierge services to name just a few. Every bank has a range of cards and rewards on offer, something to tempt everyone.

Why Get a Credit Card?

Credit cards can be an excellent way of managing your bank balance. Put simply, credit cards enable you to spend money on a credit basis, to spend money you don’t currently have or at least money you don’t want to leave your bank account at that moment of purchase.

Credit cards give you the flexibility to buy now and pay later, up to a set credit limit which may be a few hundred or several thousand dollars depending on your bank and credit history.

They are also accepted at more places than charge cards that don’t offer a credit facility, meaning you must pay off the cost in full and on time each month; or prepaid cards, which are loaded up with money prior to use and where spending is limited to the amount held on your card. It’s essentially a plastic alternative to cash.

Credit cards are a safer way of carrying payments than loose cash. If your card is stolen you simply phone the bank and put a block on the card. If your card is used fraudulently online you’re more likely to be refunded.

Be mindful though of the terms of lodging a dispute especially with regards to online transactions. Most banks will require you to submit a dispute resolution form within 14 days of a card statement being issued.

Credit cards can also offer you protection. If you make a big purchase like an airline ticket or a vacation trip and the business subsequently folds, you may be protected by your card issuing bank who will refund the money. Not all cards and banks are equal though so please read your card contract small print.

A Singapore issued credit card may also make it easier for you to enter into other financial contracts such as securing a mobile phone or getting a car loan.

Let’s face it, unless you are in the ultra-rich category, you won’t be buying a car outright in Singapore any time soon. Accessing credit quickly and easily can be very important to easing the other transactions in your Singapore life.

What to Watch Out For

On the flip side, if you aren’t sensible credit cards can end up costing more than you think or leave you in a spiraling debt crisis.

Credit cards offer you the opportunity to pay off some, or all, of your credit debt at the end of each month. Assuming you pay the bill off each month then all good, but if you make only the minimum payment or, worse still, don’t even manage that, then you will pay interest on that loan at a whopping rate of 15% to 28% depending on which card you hold. Ouch.

This interest rate is going to be well above that which you enjoy on your savings accounts, if you have one, so miss just one payment and that interest will quickly add up to well above that which you can easily repay. Interest payments can also be backdated. Read the small print.

Making a late payment or exceeding your credit limit will also result in default charges. Did you know that many cards have annual fees just for the pleasure of owning them? Let’s also not forget the balance transfer fee, the cash advance fee, and the foreign transaction fee. Again, read the small print.

Watch out for cash withdrawals as well. It’s not always well known that interest is usually charged daily, from the day you withdraw cash on your card and at a higher rate than the interest on standard payments.

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If you make monthly payments with a credit card, such as a gym membership, even though you are paying by installments your bank will make full payment on your behalf when you sign the agreement. If the business ceases prior to the end of your contract you remain liable to pay the monthly installments to your bank.

Depending on your agreement with your card issuing bank you may not be able to claim any losses, especially if the bank itself is not able to recover on your behalf. Check your card’s protection plan carefully for installment plan payments. Did I already say it, read the small print.

Before you rush off to grab your new card there are some important factors to consider.

Existing Accounts and Cards

One of the requirements of a successful credit card application is that you have an existing Singapore bank account. It might be smart to look at their card options first and foremost.

One of the best ways to ensure you don’t end up in a spiral of credit card debt is to simply set up a direct debit for the full monthly balance or at least, for as much as you can afford to pay regularly. This will be easiest to set up and manage between accounts within the same bank.

Age

In Singapore, you need to be at least 18 to apply for a credit card. Even then you can only apply for a student credit card with your parent or guardian’s consent. At the ripe old age of 21 all the card options open up to you.

Applying as a Foreigner

Most major banks in Singapore will allow foreigners to apply for a credit card assuming you are on a valid work permit or visa and have a residential address in Singapore.

But you will have to demonstrate a minimum annual salary level of $45,000 SGD, somewhat higher than the $30,000 SGD that applicants holding Singapore citizenship or PR (Permanent Resident) status have to show.

Credit Rating and History

All banks and card providers will run a credit assessment on receipt of your application. They will be looking at several indicators. Firstly, your credit score calculated on your past payment history on loans.

The higher your risk of repayment the lower the score. This score will be looked at in line with your annual salary, length of employment, bankruptcy, litigation, and so forth. Your credit rating doesn’t just determine your application success but can also influence the interest rate or promotions you are subsequently offered, otherwise known as risk-based pricing.

Your card may have an attractive APR (annual percentage rate, more commonly referred to as interest rate) to lure you in, however when it comes down to it only 51% of accepted card holders legally have to be offered that advertised rate, the other 49% of applicants may still be accepted for the card but with an escalated interest rate, based on how risky of an applicant the bank considers you.

All that said, the good news is that Singaporean banks only consider your credit rating here in Singapore so all those debts you racked up back home no longer matter. Of course, if you have just arrived in town it may mean that your Singapore credit file is looking a little slim.

In which case, you will need to provide extra details such as monthly expenses and rent or written confirmation from your employer or landlord.

In some cases, your only option is to go for a “credit builder card,” a card that helps you improve your credit rating but at a very high rate of interest. Not the best but perhaps the only option for some people.

Types of Credit Cards

You’re probably familiar with the brands Visa, MasterCard, and American Express (Amex) but do you know what the difference is? They are all payment networks that facilitate the transmittance of data and authorize the movement of money between merchants and banks.

To most of us, Visa and MasterCard credit cards really aren’t very different. Both are widely accepted around town, both have contactless payment systems, both are accepted for online shopping, and both have extended global ATM networks.

Visa initially holds the advantage with a greater rate of acceptance and its claim that it can replace a lost credit card within one business day.

MasterCard swings ahead in terms of promotions, which are network-wide. In other words not necessarily linked to one bank but to your MasterCard whatever the issuing bank. Your choice.

American Express swoops in with excellent acceptance rates across all major bricks and mortar merchants and online retailers but less so with smaller independent retailers due to the higher merchant fee they pay on transactions.

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American Express cards fare best in terms of the benefits on offer. They have stronger consumer protection measures than Visa or MasterCard and can secure better benefits with third party merchants due to their ability to negotiate as a major credit card issuer.

Visa and MasterCard cards are obtained through a third party issuing bank. Whereas, Amex cards can be issued both by banks and Amex itself, with the more highly sought after cards, such as the American Express Singapore Airlines Kris Flyer card coming direct from Amex.

Just when you thought you had got your head around the different card options, there are also a couple of other players in the market: Diner’s Club,UnionPay, and JCB.

Diner’s Club, like Amex, issues its own cards but isn’t widely accepted across Singapore. UnionPay and JCB cards are China and Japan’s main credit card issuers respectively but are both beginning to gain traction through partner banks here in Singapore.

Perhaps not ones to consider at this stage unless you plan to spend a lot of time in either China or Japan.

Bank Credit Cards

If you have read this far and are already considering a new credit card then you will already know that you need a local bank account to hold a Singapore issued credit card.

There are a range of international and local banks to consider in Singapore including but not limited to:

First up, I suggest considering the credit cards offered by your existing bank and then shop around to look at whether alternatives suit you better. The sign-up bonus with a new bank might well entice you away from your existing one.

There is another consideration still, whether you need a Singapore-issued credit card at all? For some people the foreign transaction fee on purchases made on their existing home country credit card may even be cheaper and easier than securing a new card. Just a thought.

The banks all want your business. They all offer Visa, MasterCard and American Express options. So how are they going to secure you as a new client?

Through their sign-up incentives and rewards schemes. This is where choosing a credit card gets interesting so let’s break down the options.

Interest-Free Cards

Sometimes known as 0% purchase cards, these are cards that don’t charge interest on your purchases, for example the OCBC Cashflo Credit Card.

With this and other cards like it, you can buy at leisure, spread the payments over time, and still pay no more than if you had paid up front.

There are also cards offering low balance transfer fee perks whereby you can transfer debt from an existing card onto your new card and pay minimal interest on that debt.

There is likely a fee for this activity but it should still be smaller than the interest payments on the debt with the original card, check out HSBC’s Card Balance Transfer offer.

Cash Back and Rebate Cards

If you anticipate fully paying off your debt each month then interest rates are irrelevant. Cash back and rebate cards, such as the Maybank Family & Friends credit card and the Citibank Cash Back card, give you dollars back when you spend on daily essentials to paying your monthly utilities bills.

Make sure you look at the finer details as all rebates and cash back cards are different. Check what the monthly cap on cashback is.

Is the earn-rate obvious and positive for the items you spend on or are you going to have to shop outside of your existing spending habits to take full advantage?

Rewards Based Cards

Signup bonuses, air miles, store credit, vouchers, experiences, discounts, dining promotions, movie tickets–they are all out there for the taking.

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The premise is simple, the more you spend, the more points you earn which can then be redeemed from your card’s rewards program.

Whet your appetite with the HSBC Visa Infinite Card and then get ready to do some research as the choice on rewards card is plenty.

Contactless Payment Systems

Looking to scan, swipe and go? Then look for a card offering the contactless payment system such as Visa payWave or ApplePay, or the American Express True Cashback Card.

Some banks even offer additional rewards for using your contactless payment option. Double the fun.

Comparing Options

You have the low down on types of cards and you are thinking about what you want to get from a card. Now you need to understand how to match a card to your lifestyle.

Spending Habits and Lifestyle

Are you a frequent traveler? What purchases are you looking to make on your card? This will help you identify whether the rewards or cash backs are ones which you can easily tap into.

Frankly, there is no point getting a card offering miles and great travel perks such as the DBS Altitude Visa Card if you only travel to Kuala Lumpur and back once a year.

Time Spent in Singapore

This is not just an existential question about your life plan, but whether your time here will be spent in Singapore or traveling abroad frequently.

Getting a card with a plethora of local rewards such as the OCBC Best Dinki Credit Card, which gives you rewards on electronics purchased in local stores, Best Dinki, might not cut the mustard if you aren’t even in Singapore to earn those points in the first place.

You may even end up being charged more in foreign transaction fees on your Singapore credit card than if you used your existing home country card on your travels.

If you know you will be overseas frequently then start to look at cards with great overseas travel and spending perks such as the Standard Chartered Visa Infinite.

Existing Banking Arrangements

We’ve already mentioned this. Which bank are you already with? Is the best match with them? Or does the signup bonus on offer from a competing bank sound attractive enough to make you jump to another?

The American Express Singapore Airlines KrisFlyer Ascend credit card with its sign on bonus of 42,500 air miles could be enough to turn your head from whatever your existing bank is offering.

Or perhaps the knowledge that as an existing HSBC Premier Banking customer you are exclusively eligible for the HSBC Premier MasterCard is all the cache you need to stay put with HSBC.

Overview of the Best Cards

You will have gauged by now that there are many options available to you and considerations to make. There is no one-card-fits-all option.

Following are some suggestions of the best cards available to-date. Card options do change regularly so remember to do your own research as well.

For Signup Bonuses

There is a balance between the starter miles or bonuses available and the minimum spend to earn that bonus, so we jump straight in with a card that has none of those catches.

The Standard Chartered Unlimited Credit Card is a no-fuss credit card that gives you instant cash back.

The add-ons:

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  • receive $220 SGD cash immediately on application
  • instant digital credit card approval and insurance if you apply via MyInfo
  • 1.5% cash back qualification on purchases
  • no cash back cap per month
  • no minimum spend per month

For Travelers

Frequent travelers need look no further than air miles as their reward incentive. Earn miles and exchange them for flight tickets.

Look out for deals both on earning and redeeming miles and the extra lifestyle rewards built around these programs. Complimentary airport lounge access anyone?

Don’t forget to check the miles you earn are on flight reward programs you use. Tie-ups tend to be with major Asian airlines programs such as Krisflyer and AsiaMiles.

The UOB Miles American Express PRVI Miles Card.  Earn 7 miles per $1 SGD spent on major airlines and hotels worldwide.

This is the best rate we’ve spotted yet. What’s more you also get 2.4 miles with $1 SGD spent overseas, up to three miles with every $1 SGD spent on Grab and 1.4 miles spent locally.

The add-ons:

  • up to 12,000 welcome miles as a sign up bonus
  • 20,000 loyalty miles every year with a minimum annual spend of $50,000 SGD
  • access to a UOB PRVI Travel Butler and dedicated travel assistance hotline
  • complimentary personal accident coverage travel insurance and medical assistance up to $500,000 SGD
  • up to 8 complimentary airport transfers to Changi Airport every year
  • $10 SGD rebate on contactless payments

For Luxury Lifestyles

Admit it. Who hasn’t always wanted a personal chauffeur? Yes seriously. Whether it’s chasing a wannabe luxury lifestyle or supplementing your existing one, this is the card for you.

The DBS Altitude Card (which comes as a Visa or Amex card), as the name suggests, is positioned as a luxury travel rewards card option but comes with all sorts of additional services including the aforementioned personal chauffeur for luxury airport transfers.

The add-ons:

  • earn three miles for every $1 SGD spent on online flight and hotel transactions
  • access to the Visa Concierge program with complimentary room upgrades and more
  • up to $1,000,000 SGD travel accident insurance coverage for you and your family
  • 10,000 bonus miles upon payment of annual fee ($192.60 SGD) or waiver of fee if you

For Big Spenders

Money equals power. For some people anyway. There are those who can drop a ton without flinching.

If this sounds like you, and you truly have the funds for this lifestyle, consider yourself one of the elite. And as one of the elite, you get access to cards that the rest of us can’t even consider, invitation only exclusive cards such as the UOB Visa Infinite Metal Card or the OCBC Elite World Card.

For the rest of us who need every dollar we can get, we suggest looking at the cashback credit cards. Earn while you spend. Simple.

The POSB Everyday Card gives you 15% cash rebates and deals on every day essentials.

The add-ons:

  • up to 15% cash rebates on online food delivery, food catering and more through the DBS Lifestyle App
  • up to 6% cash rebates on shops and utility / service providers such as Starhub and SP Group
  • use it as an all-in-one card for your daily essentials, MRT / bus rides and more
  • cash rebates never expire

For People Who Buy a Lot of Gas

You may not have the long open roads in Singapore that you see back home but that doesn’t seem to stop the boys with their toys.

There are plenty of Lamborghinis, Ferrari’s, and Porsche’s out on the roads to keep the va-va-voom going in your life.

If you count yourself in this gang and the only miles you are interested in are the gas miles then this is the card for you.

The DBS Esso Card gives you 21.2% gas savings and turns everything you buy into free gas.

The add-ons:

  • get an additional $7 SGD fuel savings with a minimum $180 SGD net fuel savings every month
  • $180 SGD fuel saving sign up bonus
  • auto enrollment in the Esso Smiles Drivers Reward program
  • 0% interest free Installment Payment Plan for motor insurance and road tax
  • pay-pump-go options at all Esso service stations for greater convenience

Tips and Tricks

Not all cards are equal. You know to read the small print. But there are still some other tips and tricks to making your card work for you.

Getting the Most from Cards and Rewards

Reward cards have a redemption window. The window in which you can convert your points to rewards. Sometimes that window doesn’t work for you.

Perhaps you don’t have enough points to buy what you really want. Maybe you know an item is coming out shortly that you are saving for.

Our top tip is to look at store vouchers. These have a much bigger redemption window than most card reward programs.

Don’t lose your rewards, instead convert then to the likes of Takashimaya store vouchers which have a much longer expiry date, especially easy through a card such as the DBS Takashimaya Card.

Avoiding the Debt Spiral

I can’t stress enough how important it is to use your card prudently and not spend beyond your means or fail to make payments on time.

My top tip here is to consider setting up an automatic payment, known in Singapore as a General Interbank Recurring Order from your bank account to your credit card bank. Those overdraft negotiations with your bank might just save you from spiraling interest fees.

Accruing Rewards

How frustrating is it to know you have a card that racks up the rewards yet you can’t use it when you are paying for those big ticket items such as your condo or school fees? We can feel your pain from here. But it’s OK, there’s a solution: CardUp?

CardUp gives you a whole new way to make payments by credit card even when the recipient doesn’t accept them. CardUp act as the middle man.

For a small fee on each transaction, which CardUp guarantees will come well below whichever benefit you have signed up to receive, even the cashback one, they’ll make a direct payment on your behalf.

Once you’ve paid your insurance, school fees, or property rental, you can sit back comfortably knowing that you are racking up those rewards again.

Now, on to You

Whatever card you decide on please remember the following: do your research, check the terms and conditions, check the eligibility requirements ahead of your card application, and lastly, apply financial prudence to your spending.

If you have any experience with credit cards in Singapore, tell us about it in the comments section below.

Selina Boyd

Selina writes from her outdoor desk in sunny Singapore. Originally from the UK, it didn’t take much to convince her to leave behind the grey, rainy skies for tropical living in the Little Red Dot 11 years ago and she has never looked back. When not behind her desk, she can be found wandering the streets with a camera (follow her on @s_ingshot) or climbing volcanoes around South East Asia.

Источник: https://www.expatden.com/singapore/best-credit-cards-in-sg/
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Real-time data and insights on your Razorpay Dashboard to make informed business decisions.

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Secure

PCI DSS Level 1 compliant solution which removes your burden of regulatory compliance.

Join the 50,00,000+ businesses using Razorpay

We make it easier for you to focus on building great products while we work on simplifying your payments. Become one of us by joining thousands of our happy users and simplify the online payment experience for your customers.

Focus on your business while we handle the complexities of payments for you.

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An experience
people love to talk about

Acquire customers from new customer segments

Creating No Cost EMI offers through the Razorpay dashboard was surprisingly easy and it has proved to be an important driver in making our subscriptions affordable to a wider audience. We saw ~3x increase of the EMI contribution in the overall sales, thereby unlocking a specific affordability sensitive segment for us.

Learn more

Subham Kumar

Product Manager

Unacademy logo

Improved the bottom line with cash-like collection

Instant Settlements helps us capture last-minute EMI payments and let us make deposits with our financing partners within the requisite period. It leads to better money flow management and customer experience.

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Saurav Goyal

Chief Finance Officer

MoneyView logo

Readymade closed wallet solution for quick refunds

We were looking for a closed wallet solution for one-step checkout once the money is loaded in the wallet. Razorpay, our online payment partner, built a white label closed wallet solution which enabled us to create & offer cashbacks and easily refund payments. This improved customer loyalty and the trust in our brand.

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Ashish Somani

GM, Strategy and Planning

Medlife logo

Single flow to collect and disburse payments

Razorpay has been an important partner for our business. We are currently using Smart collect and Route marketplace for collecting payments from users. Their innovative products and quick support has helped us scale our offering to our users. From onboarding documentation to technical integration, Razorpay has been a boon for Indian tech startups.

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Pranay Bhardwaj

Product Manager

Slicepay logo

Simplified Reconciliation process for FinOps Teams

50% of our payments come via NEFT, RTGS and, IMPS bank transfers. Reconciliation of payments was a tedious and cumbersome process. Razorpay Smart Collect has helped us automate this end-to-end and simplified the process for Finance and Operations team.

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Shailesh Gupta

Founder

Innov8 logo

Finance your working capital to continue growing

We experienced a 40% decline in demand due to Covid-19 lockdown but we couldn't afford to cut back on marketing and product development. Razorpay did a fine job of processing and disbursing Working Capital Loan quickly with great support throughout. With increased liquidity, we were able to bounce back to normality in no time.

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Girish Khemnani

Owner

Market Insights logo

Helped us reduce outstandings by 18%

By using the card tokenization feature on Razorpay Subscriptions, we were able to eliminate up-front deposits for a majority of our customers. This helped us reduce outstandings by 18% and improved our retention numbers, as more customers were able to afford the product.

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Aravind Radhakrishnan

Product Director

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Источник: https://d6xcmfyh68wv8.cloudfront.net/

What Is the Easiest Credit Card to Get Approved For?

Credit cards are a convenient way to make purchases, pay bills, and book travel arrangements. As an added benefit, many credit cards offer cash back, points, or miles on your spending, which can save you money. A credit card can also help with establishing and building a good credit score.

But what is the easiest credit card to get when you have a limited credit history or poor credit? Here's a closer look at which cards may be within reach.

Key Takeaways

  • Credit card companies focus largely on credit scores when making approval decisions. 
  • A credit card can be secured, meaning it requires a cash deposit, or unsecured, meaning you don't need to make a deposit. 
  • It's possible to get approved for a credit card with no credit or poor credit, but you may pay a higher APR and/or fees. 
  • Unsecured credit cards typically offer better interest rates, rewards programs, and features compared with secured credit cards.

Credit Card Approval Requirements

Credit card issuers differ in terms of what it takes to be approved. But generally, these factors are considered when you apply for a card:

  • Your credit score
  • Your income
  • Your employment
  • Your monthly rent or mortgage payment

These things give card issuers an idea of your ability and likelihood to pay back what you spend with a credit card. Credit card companies can also perform a hard inquiry of your credit report to learn more about your credit history. That can trim a few points off your credit score.

Note

Checking your own credit reports before applying for a credit card won't affect your credit score. 

What Is the Easiest Credit Card to Be Approved For?

The easiest credit card to get is different for everyone since it will depend on your credit score and the other factors listed above. The credit cards that are available to you may also depend on whether:

  • You're a student
  • You have no credit or a thin credit file
  • You have bad or poor credit

If any of those apply to you, there are some specialized types of credit cards that will be easier to get than others. They include student credit cards, starter credit cards, and secured credit cards. 

Student credit cards

Student credit cards are designed for college students who are just beginning to establish their credit history. These cards can offer rewards, and if they do, they're typically geared toward purchases students spend the most money on, such as dining out or gas. 

A student credit card can be easier to get than a regular one if you have no credit history at all or a limited one. The federal CARD Act requires you to be at least 21 to get a student credit card in your name, although you can apply as young as 18 if you have sufficient income or a cosigner who is at least 21.

Starter credit cards

Starter credit cards are also designed for people who are just starting out with credit but who aren't necessarily students. These types of cards are more likely to charge annual fees and carry a higher annual percentage rate (APR). 

Secured credit cards

Secured credit cards work just like unsecured credit cards except that they require a cash deposit to open. This deposit typically doubles as your credit limit. The difference is that a standard secured credit card will usually require a hard check of your credit to get approved. Once you have had a secured card for a period of time, and demonstrated that you use credit responsibly, you may be eligible to graduate to a regular, unsecured card.

Important

Before you apply for a starter or secured card, make sure the credit card company reports your activity to at least one of the major credit bureaus. Otherwise, using the card won't help you to build credit. 

What Is the Easiest Credit Card to Get With No Credit or Thin Credit?

Having no credit means you don't have any credit history at all. A thin credit file means you have some credit history, but it's not enough to generate a credit score. In either case, you could be "invisible" to credit card companies when trying to apply for new credit.

In that case, the easiest credit card to get may be a starter card or secured credit card. Examples of cards you might qualify for include:

  • OpenSky Secured Visa:The OpenSky Secured Visa is a no credit check card that's also a secured credit card. You can set your credit limit by making a cash deposit of $200 to $3,000, and your account activity will be reported to all of the three major credit bureaus.
  • First Progress Platinum Elite Secured Mastercard:The First Progress Platinum Elite Secured Mastercard requires no credit history or minimum credit score for approval. Your security deposit is refundable, and the card is accepted nationwide.
  • Deserve EDU Mastercard for Students:The Deserve EDU Mastercard for Students doesn't require a Social Security number to apply, so it could be good for international students.

What Is the Easiest Credit Card to Get With Fair Credit?

If you have fair credit, rather than no credit or bad credit, then you might have a different range of credit card options to choose from. Fair credit on the FICO credit scoring scale generally means a score between 580 and 669.

Here are some of the easiest credit cards to get with fair credit:

  • Capital One Platinum Mastercard:The Capital One Platinum Mastercard is geared toward people with fair credit who are interested in improving their credit. This card has a $0 annual fee and includes access to CreditWise credit monitoring.
  • Discover it Secured Card:The Discover it Secured Card can help with building or rebuilding credit. A security deposit is required, but it's refundable. This card also has a cash back rewards program.
  • Credit One Platinum Rewards Visa:The Credit One Platinum Rewards Visa is designed for people with fair credit who are interested in earning rewards on purchases. Keep in mind this card does have an annual fee and a higher APR, which could make carrying a balance expensive.

Tip

If you're considering a credit card that offers rewards, be sure to balance the rewards you're likely to earn against the card's annual fee (if any). 

What Is the Easiest Unsecured Credit Card to Get Approved For?

Unsecured credit cards require no cash deposit to open. It's possible to get some unsecured cards if your credit is in the fair, or even bad, range. 

If you have poor credit or no credit, consider these unsecured card options:

  • Credit One Bank Platinum Visa:The Credit One Bank Platinum Visa offers cash back with no security deposit required. This card does have an annual fee, however.
  • Total Visa:The Total Visa is an unsecured credit card designed for people who don't have perfect credit. The card reports to all three credit bureaus, which can help in building a better credit history. Note that there's an initial program fee for opening an account.
  • Petal 2 Visa:The Petal 2 Visa is a cash back rewards card that offers higher credit limits with no fees. There's no deposit required at sign-up, and you can use the card to build or rebuild credit. 
Источник: https://www.investopedia.com/what-is-the-easiest-credit-card-to-get-approved-for-5077189

Credit Cards

Disclaimer: The Reserve Bank of India (RBI) has, vide order dated July 14, 2021, imposed restrictions on MasterCard Asia/Pacific Pte. Ltd. from on-boarding new domestic customers onto their card networks, with effect from July 22, 2021. Accordingly, ICICI Bank Limited shall be unable to accept further applications for any ICICI Bank Credit Cards on MasterCard network. However, please note that this order does not impact existing customers.

ICICI Bank Credit Cards, to take care of all your expenses

From your everyday commute to international trips, from daily spends to luxury purchases, from grocery shopping to fine-dining restaurants, there is always an ICICI Bank Credit Card to take care of all your expenses. Experience an array of benefits, attractive offers and user-friendly features when you use a credit card from ICICI Bank.

To experience all this and more, click on the button below and discover the offers that you are eligible for.

ICICI Bank Credit Cards offer a host of benefits and offers to cater to your needs. So get the credit card of your choice by browsing through the credit card section.

Get Instant Credit Card

Supplementary Cards

You can also get an add-on or supplementary card

With the add-on card, you can share almost all the benefits of your ICICI Bank Credit Card with the members of your family at no additional fee with an add-on card. Interested to know more about this feature? Click the button below to discover how you can extend the benefits of your credit card to your family.

KNOW MORE

Источник: https://www.icicibank.com/card/credit-cards/credit-card.page
Credit Cards

Thank you for choosing EastWest as your financial partner.

By submitting an application, you authorize EastWest to obtain a consumer report and to check your employment history as part of the review of your application. You are also authorizing EastWest to obtain a consumer report in the future when updating, renewing, collecting, or extending your account.

We recommend that you take time to read the Terms and Conditions Governing the Issuance and Use of EastWest Credit Cards as well as information on each card's features, benefits, fees and charges.

Click here to view the Terms and Conditions Governing the Issuance and Use of EastWest Credit Cards.

We further recommend that you have the latest browser in order to have a more secure connection when accessing your account with EastWest. Click Here to proceed to Download Center.

APPLICATION REQUIREMENTS

Eligibility

  • Applicant must be a Filipino Citizen or local resident foreigner
  • Principal Card applicant must be at least 21 years old
  • Minimum gross annual income must be:
    • -   Php180,000 for EastWest Classic Visa/Mastercard, DLSAA Mastercard and Hyundai Mastercard
    • -   Php300,000 for EastWest Dolce Vita Titanium Mastercard
    • -   Php480,000 for EastWest Visa Platinum, EastWest Gold Visa/Mastercard and EastWest EveryDay Titanium Mastercard
    • -   Php1,200,000 for EastWest Singapore Airlines KrisFlyer Platinum Mastercard
    • -   Php1,800,000 for EastWest Platinum Mastercard
  • Must have a residence landline or mobile phone and business landline
  • Residence or business address must be within Metro Manila (Caloocan City, Las Piñas City, Makati City, Malabon, Mandaluyong, Manila, Marikina, Muntinlupa, Parañaque, Pasay City, Pasig City, Pateros, Quezon City, San Juan, Taguig, Valenzuela), Cavite (Alfonso, Alvarez (GMA), Amadeo, Bacoor, Carmona, Cavite City, Dasmariñas City, Gen. Mariano, Gen. Trias, Imus, Indang, Kawit, Magallanes, Maragondon, Mendez, Naic, Noveleta, Rosario, Silang, Tagaytay City, Tanza, Ternate, Trece Martires), Laguna (Biñan, Cabuyao, Calamba, Canlubang, Los Baños, San Pablo, San Pedro, Sta. Cruz, Sta. Rosa), Bulacan (Baliuag, Bocaue, Bustos, Malolos, Meycauayan, Obando, Pulilan, San Ildefonso, San Jose Del Monte, Sta. Maria), Rizal (Angono, Antipolo, Binangonan, Cainta, Montalban, San Mateo, Taytay), Batangas (Batangas City, Bauan, Ibaan, Lemery, Lipa City, Nasugbu, Rosario, San Jose, San Juan, San Pascual, Sto. Tomas, Tanauan City), Quezon (Candelaria, Lucban, Lucena, Pagbilao, Sariaya, Tayabas City), Cebu (Bogo City, Borbon, Carcar City, Cebu City, Consolacion, Cordova, Danao City, Lapu-Lapu City, Lilo-an, Mandaue City, Minglanilla, San Fernando, Talisay City, Toledo City), Tarlac (Bamban, Camiling, Capas, Concepcion, Paniqui, Tarlac City), Pangasinan (Binmaley, Calasiao, Dagupan City, Lingayen, Mangaldan, Rosales, San Carlos City, San Fabian, Sta. Barbara, Urdaneta City, Villasis), Benguet (Baguio City, La Trinidad), Pampanga (Angeles City, Apalit, Dau, Floridablanca, Guagua, Mabalacat, Macabebe, Magalang, Mexico, Minalin, Porac, San Fernando City, Sta. Ana, Sta. Rita), Zambales (Iba, Olongapo City, Subic), Davao del Sur (Davao City, Lanang, Mandug, Matina, Mintal, Panacan, Sta. Ana, Talomo, Toril, Digos City), Davao del Norte (Panabo City, Tagum), Misamis Oriental (Cagayan de Oro City, Opol), Iloilo (Iloilo City), Albay (Legaspi City), Camarines Sur (Bombon, Bula, Calabanga, Canaman, Magarao, Milaor, Minalabac, Naga City, Pili, San Fernando), Negros Occidental (Bacolod City, Bago City, Silay City), Ilocos Norte (Bacarra, Batac, Currimao, Dingras, Laoag City, Paoay, Pasuquin, San Nicolas, Sarrat, Vintar), La Union (Agoo, San Fernando City, Bacnotan, Bauang, Naguilan), Zamboanga (Zamboanga City), Nueva Ecija (Cabanatuan, Gapan, Talavera, Palayan, San Jose), Bohol (Tagbilaran City), Isabela (Cauayan City, Ilagan, Isabela City, Santiago City), Bataan (Balanga City), Agusan del Norte (Butuan City), Cagayan (Tuguegarao), Leyte (Tacloban City), Maguindanao (Cotabato City), Lanao del Norte (Iligan City), South Cotabato (General Santos City, Koronadal City), North Cotabato (Kidapawan City), Misamis Occidental (Ozamiz City), Samar (Catbalogan City), Sorsogon (Sorsogon City).

DOCUMENTARY REQUIREMENTS:
(For Principal and Supplementary Card Applicants)

  • Completely filled-out EastWest Credit Card Application Form
  • Photocopy of one (1) valid ID with picture and signature (e.g. Company ID, Driver's License, Passport, Professional Regulation Commission (PRC) ID, SSS ID, BIR ID, Postal ID, etc.)

In addition to the above, submit a photocopy of any of the following:

If employed:
(For Principal Card Applicant only)

  •   Latest BIR Form 2316/ITR
  •   Certificate of Employment stating breakdown of compensation
  •   Letter of Appointment/Personnel Action Memo
  •   Salary Adjustment Memo issued within the latest month
  •   Latest three (3) Months Payslip
  •   Latest Service Record for government employees
  •   Valid Credit Card Reference and Latest Month Statement of Account

If self-employed, submit both:
(For Principal Card Applicant only)

  • Latest BIR Form 1701/ITR
  • Latest Audited Financial Statements (if applicable)
  • Valid Credit Card Reference and Latest Month Statement of Account

If local resident foreigner, submit any one (1) of the following:
(For Principal and Supplementary Card Applicants)

  • Alien Certificate of Registration with Permanent Status
  • Visa issued under Section 9d and 9g of immigration Act of 1940
  • Special Investor’s Resident Visa (SIRV)
  • Visa issued by Philippine Economic Zone Authority – 47(a)(2)
  • Embassy Certification (for Diplomats and Embassy Personnel)

Application processing may take 10 to 15 banking days. Please note that documents submitted in relation to your credit card application shall not be returned.

Note: 1st year Annual Membership Fee waiver applies to new-to-bank cardholders only. New-to-bank is defined as cardholders who do not have an existing EastWest credit card.

Источник: https://www.eastwestbanker.com/info/ewcc_afnow.asp

Best Business Credit Cards For Startups and New Businesses Of November 2021

Best Business Credit Cards For Startups and New Businesses

Featured Partner Offer

Best Flexible Rewards on a No Annual Fee Card

The Blue Business® Plus Credit Card from American Express

Apply Now

On American Express's Secure Website

Apply Now

On American Express's Secure Website

Up to 2X Reward Rate

Earn 2X points on the first $50,000 in purchases each year; Earn unlimited 1X points on purchases thereafter

Welcome Bonus

Earn 15,000 Membership Rewards® points

Regular APR

13.24% - 19.24% Variable

Credit Score

Excellent, Good (700 - 749)

Editorial Review

The Blue Business Plus card is a rare example of a no-annual-fee way to game your rewards earnings. You'll earn 2X points on all purchases up to $50,000 per year. It's a perfect fit if your business is small enough to spend less than $50,000 per year. If not, spend up to the $50,000 max, then switch to another card for the rest of the year's purchases. You'll win either way.

Pros & Cons

  • Wide variety of airline transfer partners
  • No annual fee
  • High rewards rate on the first $50,000 in annual spending
  • 2.7% foreign transaction fee
  • 2 points per dollar rewards rate falls to 1 point per dollar after $50,000 in annual spending

Card Details

  • Earn 15,000 Membership Rewards® points after you spend $3,000 in eligible purchases on the Card within your first 3 months of Card Membership.
  • Earn 2X Membership Rewards® points on everyday business purchases such as office supplies or client dinners. 2X applies to the first $50,000 in purchases per year, 1 point per dollar thereafter.
  • You’ve got the power to use your Card beyond its credit limit* with Expanded Buying Power.
  • *The amount you can spend above your credit limit is not unlimited. It adjusts with your use of the Card, your payment history, credit record, financial resources known to American Express, and other factors.
  • 0.0% intro APR on purchases for 12 months from the date of account opening, then a variable rate, 13.24% – 19.24%, based on your creditworthiness and other factors at account opening.
  • No Annual Fee
  • Terms Apply
  • See Rates & Fees

Best Overall Travel Rewards

Ink Business Preferred® Credit Card

Up to 3X Reward Rate

Earn 3X points per $1 on the first $150,000 spent in combined purchases on travel, shipping purchases, Internet, cable andRead More

Welcome Bonus

Earn 100,000 bonus points

Regular APR

15.99%-20.99% Variable

Credit Score

Good, Excellent (700 - 749)

Why We Picked It

Frequent business travelers who spend generously within the bonus categories will find extreme value in this card.

Pros & Cons

  • Remarkable welcome bonus
  • No foreign transaction fee
  • Employee cards at no additional cost
  • Rewards for common business expenses
  • Has annual fee
  • Very high cash advance fee
  • Very high balance transfer fee

Card Details

  • Earn 100k bonus points after you spend $15,000 on purchases in the first 3 months from account opening. That’s $1,000 cash back or $1,250 toward travel when redeemed through Chase Ultimate Rewards®
  • Earn 3 points per $1 on the first $150,000 spent on travel and select business categories each account anniversary year. Earn 1 point per $1 on all other purchases
  • With Fraud Protection your card transactions will be monitored for possible signs of fraudulent activity using real-time fraud monitoring
  • With Zero Liability you won’t be held responsible for unauthorized charges made with your card or account information
  • Redeem points for cash back, gift cards, travel and more – your points don’t expire as long as your account is open
  • Points are worth 25% more when you redeem for travel through Chase Ultimate Rewards®
  • Purchase Protection covers your new purchases for 120 days against damage or theft up to $10,000 per claim and $50,000 per account.

Best Simplified Cash Back

Ink Business Unlimited® Credit Card

1.5% Reward Rate

Earn unlimited 1.5% Cash Back rewards on every purchase made for your business

Welcome Bonus

Earn $750 bonus cash back

Regular APR

13.24% - 19.24% Variable

Credit Score

Good, Excellent (700 - 749)

Why We Picked It

Busy business owners will appreciate this card's simple flat-rate rewards program which doesn't require time to manage and optimize.

Pros & Cons

  • Unlimited 1.5% cash back rewards on purchases
  • No annual fee
  • Generous welcome bonus
  • 0% Intro APR on Purchases for 12 Months
  • Cash back awarded as Ultimate Rewards, which can be combined with Premium Chase credit card accounts for better reward redemption options
  • High foreign transaction fees
  • Not a good card for balance transfers

Card Details

  • Earn $750 bonus cash back after you spend $7,500 on purchases in the first 3 months from account opening
  • Earn unlimited 1.5% cash back on every purchase made for your business
  • No Annual Fee
  • Redeem rewards for cash back, gift cards, travel and more through Chase Ultimate Rewards®
  • Earn rewards faster with employee cards at no additional cost. Set individual spending limits for greater control
  • With Fraud Protection your card transactions will be monitored for possible signs of fraudulent activity using real-time fraud monitoring
  • With Zero Liability you won’t be held responsible for unauthorized charges made with your card or account information
  • 0% introductory APR for 12 months on purchases

Best Straightforward 2% Cash Back for Moderate Annual Spend

American Express Blue Business Cash™ Card

Apply Now

On American Express's Secure Website

Apply Now

On American Express's Secure Website

Up to 2% Reward Rate

Earn 2% Cash Back on all eligible purchases on up to $50,000 per calendar year; Earn 1% Cash Back onRead More

Welcome Bonus

Earn a $250 statement credit

Regular APR

13.24% - 19.24% Variable

Credit Score

Excellent/Good (700 - 749)

Why We Picked It

Considering there's no annual fee, the American Express Blue Business Cash™ Card pays off for business owners who spend $50k or less per year. Just don't use the card overseas, as the foreign transaction fee eclipses the cashback rewards.

Pros & Cons

  • No annual fee
  • Introductory APR on purchases
  • Great extra benefits like purchase protection and car rental insurance
  • Business-oriented benefits like employee cards and authorized management accounts
  • Highest-earning cash back reward capped after $50,000 in annual spending
  • High foreign transaction fees
  • No low introductory APR for balance transfers

Card Details

  • Earn a $250 statement credit after you make $3,000 in purchases on your Card in your first 3 months.
  • Earn 2% cash back on all eligible purchases on up to $50,000 per calendar year, then 1%. Cash back earned is automatically credited to your statement.
  • From workflow to inventory to floor plans, your business is constantly changing. That’s why you’ve got the power to spend beyond your credit limit with Expanded Buying Power.
  • Just remember, the amount you can spend above your credit limit is not unlimited. It adjusts with your use of the Card, your payment history, credit record, financial resources known to American Express and other factors.
  • 0.0% intro APR on purchases for 12 months from the date of account opening, then a variable rate, 13.24% – 19.24%, based on your creditworthiness and other factors as determined at the time of account opening.
  • No Annual Fee
  • Terms Apply
  • See Rates & Fees

Best Flexible Large Bonus Categories

American Express® Business Gold Card

Apply Now

On American Express's Secure Website

Apply Now

On American Express's Secure Website

Up to 4X Reward Rate

Earn 4X points in the 2 select categories where you spend the most each month (4X points applies to theRead More

Welcome Bonus

70,000 points*

Regular APR

14.24% - 22.24% Variable

Credit Score

Excellent/Good (700 - 749)

Why We Picked It

A business with significant spending can justify the annual fee and earn massive rewards through the 4x points rate on eligible purchases.

Pros & Cons

  • Flexible redemption and points transfer options
  • Robust travel benefits
  • Automatic 4 points per dollar on the two categories you spend the most each billing period on up to $150,000 in annual spending
  • 25% airline redemption rebate when booking through Amex Travel, up to 250,000 points back each year
  • High annual fee relative to benefits
  • 4 points per dollar rate is limited to the first $150,000 in spending annually

Card Details

  • Welcome Offer: Earn 70,000 Membership Rewards® points after you spend $10,000 on eligible purchases with the Business Gold Card within the first 3 months of Card Membership.*
  • More Rewards: Get 4X Membership Rewards® points on the 2 select categories where your business spent the most each month. 1X is earned for other purchases. **
  • **4X points apply to the first $150,000 in combined purchases from these 2 categories each calendar year.*
  • Airline Bonus: Get 25% points back after you use points for all or part of an eligible flight booked with Amex Travel, up to 250,000 points back per calendar year.*
  • Pay Over Time Option: Decide whether you want to pay eligible purchases in full each month-or pay over time with interest.*
  • *Terms Apply
  • See Rates & Fees

Best for road warriors and business travelers that spend a lot of time up in the air

The Business Platinum Card® from American Express

Apply Now

On American Express's Secure Website

Apply Now

On American Express's Secure Website

Up to 5X Reward Rate

Get 5X Membership Rewards® points on flights and prepaid hotels on American Express Travel; Earn 1.5X Membership Rewards® points onRead More

Welcome Bonus

120,000 Membership Rewards®

Annual Fee

$595 (10/14-1/12/22)

Regular APR

14.24% - 22.24% Variable

Credit Score

Good, Excellent (700 - 749)

Why We Picked It

The Business Platinum Card® from American Express is the quintessential status card for high-spending, frequent-flying business owners and their employees. If sufficiently leveraged, the card's robust benefits are well worth the high annual fee.

Pros & Cons

  • Excellent welcome bonus
  • A slew of valuable statement credits
  • Extensive airport lounge access
  • Rich suite of travel perks
  • High spending requirement to earn welcome bonus
  • Annual fee and additional cardholder fees are very high
  • Limited spending bonus categories
  • Some credits are doled out in increments, making them harder to spend

Card Details

  • Welcome Offer: Earn 120,000 Membership Rewards® points after you spend $15,000 on eligible purchases with your Card within the first 3 months of Card Membership.
  • Plus, 0% Intro APR for 12 months from the date of the account opening on purchases eligible for Pay Over Time. After that, your APR will be 14.24% to 22.24% based on your credit worthiness and other factors as determined at the time of account opening.
  • Get 5X Membership Rewards® points on flights and prepaid hotels on amextravel.com.
  • Earn 1.5X Membership Rewards® points on eligible purchases in key business categories, as well as on purchases of $5,000 or more everywhere else. Cap applies.
  • Unlock over $1,000 in value per year for statement credits on select purchases with your Card, including up to $400 with Dell Technologies, up to $360 with Indeed, up to $150 with Adobe and up to $120 on wireless telephone purchases. Enrollment required.
  • $200 Airline Fee Credit: Get up to $200 in statement credits per calendar year toward baggage fees and more at one qualifying airline.
  • $179 CLEAR® Credit: Use your Card and get up to $179 back per year on your CLEAR® membership.
  • Access to more than 1,300 airport lounges across 140 countries and counting with The American Express Global Lounge Collection®. More lounge options than any other credit card on the market as of 8/2020.
  • $595 Annual Fee ($695 if application is received on or after 01/13/2022).
  • Terms Apply.
  • See Rates & Fees

Best for business credit without a personal guarantee

Brex 30 Card

Up to 10-20X Reward Rate

Get 10-20x higher limits than traditional business credit cards while earning rewards and cash back on everything you spend, likeRead More

Welcome Bonus

50,000 points

Credit Score

No Credit Check (No Credit History)

Card Details

  • 50,000 signup bonus points after spending $9,000+ in the first 30 days
  • Brex offers a corporate credit card designed to help companies boost their spending power and grow faster
  • Get 10-20x higher limits than traditional business credit cards while earning rewards and cash back on everything you spend, like 7x on rideshare and 2x on recurring software
  • Build business credit from day one with a card that’s automatically paid monthly
  • No credit check, no personal guarantee, no account fees, and no interest
  • Save time and money with automatic receipt-matching and built-in expense management tools to help you gain detailed insights on your spend
  • Issue unlimited virtual cards to your team, and set custom limits on each card
  • Close the books in record time with QuickBooks, Xero, NetSuite, Concur, and Expensify integrations
  • To get approved for a Brex card with monthly payments, businesses need a linked bank balance of at least $50,000
  • Brex Mastercard® issued by Emigrant Bank, Member FDIC. Brex Cash provided by Brex Treasury LLC, member FINRA and SIPC. Brex Treasury is not a bank; Brex Cash is not a bank account. Testimonials may not represent experiences of all clients. Terms apply, visit brex.com.

Methodology

When it comes to the best credit cards for startups, we evaluated dozens of cards to find the ones that best suited new businesses. Not only did we look for cards that offer a higher rate of rewards on business category spending, but we looked at welcome bonuses and compared any annual fees and other fees each card charged. On the other side of the equation, we looked for credit cards that let you redeem rewards for either cash or travel at a competitive rate.


Best Business Credit Cards For Startups and New Businesses

Источник: https://www.forbes.com/advisor/credit-cards/best/business-cards-for-startups/

Different types of credit cards available

There is no one type fits all credit card. With people having different requirements Citibank has split the benefits based on 6 different customer needs

1. Rewards credit cards

These are cards that provide high reward points for using the card for any spending. For example, a credit card will give more reward points for shopping online. This type of card will be useful to people who do a lot of online shopping. The reward points can be redeemed as cashback or get gifts from their rewards catalogue.

2. Cashback credit cards

Cash back cards are attractive as with a cashback card you get more as you spend more. For example, you get 10% discount for using your card while paying grocery bills. As the bill becomes high the cashback discount will be more.

3. Lifestyle credit cards

These are credit cards which provides benefits for dining, movie tickets, etc. This is also called fun credit cards as they give benefits for more experience-oriented services. For example, a credit card will give more rewards for dining or give 2 complementary tickets each month.

4. Co-branded credit cards

If you are fond of any particular brand, then you can get the credit card that is tailor made for that particular brand. For example, a co-branded card that gives 10% cash back for shopping at Lifestyle. This is a co-branded card for lifestyle.

5. Travel credit cards

These are credit cards that give more benefits for travel. For example, a credit card might give you more rewards or cash back for using the credit card to pay for train tickets booked on IRCTC website.

6. Elite credit cards

These are difficult to get credit cards which will have high annual and joining fee with really great benefits. Some benefits will include lounge access at airports or exclusive membership for a premium club etc.

Источник: https://www.creditmantri.com/citibank-credit-card-rejection/
easiest bank to apply credit card singapore
Credit Cards

Thank you for choosing EastWest as your financial partner.

By submitting an application, you authorize EastWest to obtain a consumer report and to check your employment history as part of the review of your application. You are also authorizing EastWest to obtain a consumer report in the future easiest bank to apply credit card singapore updating, renewing, collecting, or extending your account.

We recommend that you take time to read the Terms and Conditions Governing the Issuance and Use of EastWest Credit Cards as well as information on each card's features, benefits, fees and charges.

Click here to view easiest bank to apply credit card singapore Terms and Conditions Governing the Issuance and Use of EastWest Credit Cards.

We further recommend that you have the latest browser in order to have a more secure connection when accessing your account with EastWest. Click Here to proceed to Download Center.

APPLICATION REQUIREMENTS

Eligibility

  • Applicant must be a Filipino Citizen or local resident foreigner
  • Principal Card applicant must be at least 21 years old
  • Minimum gross annual income must be:
    • -   Php180,000 for EastWest Classic Visa/Mastercard, DLSAA Mastercard and Hyundai Mastercard
    • -   Php300,000 for EastWest Dolce Vita Titanium Mastercard
    • -   Php480,000 for EastWest Visa Platinum, EastWest Gold Visa/Mastercard and EastWest EveryDay Titanium Mastercard
    • -   Php1,200,000 for EastWest Singapore Airlines KrisFlyer Platinum Mastercard
    • -   Php1,800,000 for EastWest Platinum Mastercard
  • Must have a residence landline or mobile phone and business landline
  • Residence or business address must be within Metro Manila (Caloocan City, Las Piñas City, Makati City, Malabon, Mandaluyong, Manila, Marikina, Muntinlupa, Parañaque, Pasay City, Pasig City, Pateros, Quezon City, San Juan, Taguig, Valenzuela), Cavite (Alfonso, Alvarez (GMA), Amadeo, Bacoor, Carmona, Cavite City, Dasmariñas City, Gen. Mariano, Gen. Trias, Imus, Indang, Kawit, Magallanes, Maragondon, Mendez, Naic, Noveleta, Rosario, Silang, Tagaytay City, Tanza, Ternate, Trece Martires), Laguna (Biñan, Cabuyao, Calamba, Canlubang, Los Baños, San Pablo, San Pedro, Sta. Cruz, Sta. Rosa), Bulacan (Baliuag, Bocaue, Bustos, Malolos, Meycauayan, Obando, Pulilan, San Ildefonso, San Jose Del Monte, Sta. Maria), Rizal (Angono, Antipolo, Binangonan, Cainta, Montalban, San Mateo, Taytay), Batangas (Batangas City, Bauan, Ibaan, Lemery, Lipa City, Nasugbu, Rosario, San Jose, San Juan, San Pascual, Sto. Tomas, Tanauan City), Quezon (Candelaria, Easiest bank to apply credit card singapore, Lucena, Pagbilao, Sariaya, Tayabas City), Cebu (Bogo City, Borbon, Carcar City, Cebu City, Consolacion, Cordova, Danao City, Lapu-Lapu City, Lilo-an, Mandaue City, Minglanilla, San Fernando, Talisay City, Toledo City), Tarlac (Bamban, Camiling, Capas, Concepcion, Paniqui, Tarlac City), Pangasinan (Binmaley, Calasiao, Dagupan City, Lingayen, Mangaldan, Rosales, San Carlos City, San Fabian, Sta. Barbara, Urdaneta City, Villasis), Benguet (Baguio City, La Trinidad), Pampanga (Angeles City, Apalit, Dau, Floridablanca, Guagua, Mabalacat, Macabebe, Magalang, Mexico, Minalin, Porac, San Fernando City, Sta. Ana, Sta. Rita), Zambales (Iba, Olongapo City, Subic), Davao del Sur (Davao City, Lanang, Mandug, Matina, Mintal, Panacan, Sta. Ana, Talomo, Toril, Digos City), Davao del Norte (Panabo City, Tagum), Misamis Oriental (Cagayan de Oro City, Opol), Iloilo (Iloilo City), Albay (Legaspi City), Camarines Sur (Bombon, Bula, Calabanga, Canaman, Magarao, Milaor, Minalabac, Naga City, Pili, San Fernando), Negros Occidental (Bacolod City, Bago City, Silay City), Ilocos Norte (Bacarra, Batac, Currimao, Dingras, Laoag City, Paoay, Pasuquin, San Nicolas, Sarrat, Vintar), La Union (Agoo, San Fernando City, Bacnotan, Bauang, Naguilan), Zamboanga (Zamboanga City), Nueva Ecija (Cabanatuan, Gapan, Talavera, Palayan, San Jose), Bohol (Tagbilaran City), Isabela (Cauayan City, Ilagan, Isabela City, Santiago City), Bataan (Balanga City), Agusan del Norte (Butuan City), Cagayan (Tuguegarao), first bank orange county (Tacloban City), Maguindanao (Cotabato City), Lanao del Norte (Iligan City), South Cotabato (General Santos City, Koronadal City), North Cotabato (Kidapawan City), Misamis Occidental (Ozamiz City), Samar (Catbalogan City), Sorsogon (Sorsogon City).

DOCUMENTARY REQUIREMENTS:
(For Principal and Supplementary Card Applicants)

  • Completely filled-out EastWest Credit Card Application Form
  • Photocopy of one (1) valid ID with picture and signature (e.g. Company ID, Driver's License, Passport, Professional Regulation Commission (PRC) ID, SSS ID, BIR ID, Postal ID, etc.)

In addition to the above, submit a photocopy of any of the following:

If employed:
(For Principal Card Applicant only)

  •   Latest BIR Form 2316/ITR
  •   Certificate of Employment stating breakdown of compensation
  •   Letter of Appointment/Personnel Action Memo
  •   Salary Adjustment Memo issued within the latest month
  •   Latest three (3) Months Payslip
  •   Latest Service Record for government employees
  •   Valid Credit Card Reference and Latest Month Statement of Account

If self-employed, submit both:
(For Principal Card Applicant only)

  • Latest BIR Form 1701/ITR
  • Latest Audited Financial Statements (if applicable)
  • Valid Credit Card Reference and Latest Month Statement of Account

If local resident foreigner, submit any one (1) of the following:
(For Principal and Supplementary Card Applicants)

  • Alien Certificate of Registration with Permanent Status
  • Visa issued under Section 9d and 9g of immigration Act of 1940
  • Special Investor’s Resident Visa (SIRV)
  • Visa issued by Philippine Economic Zone Authority – 47(a)(2)
  • Embassy Certification (for Diplomats and Embassy Personnel)

Application processing may take 10 to 15 banking days. Please note that documents submitted in relation to your credit card application shall not be returned.

Note: 1st year Annual Membership Fee waiver applies to new-to-bank cardholders only. New-to-bank is defined as cardholders who do not have an existing EastWest credit card.

Источник: https://www.eastwestbanker.com/info/ewcc_afnow.asp
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Accept Payments with Razorpay Payment Suite

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Razorpay
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Supercharge your business with the all-powerful Payment Gateway 

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Real-time easiest bank to apply credit card singapore and insights on your Razorpay Dashboard to make informed business decisions.

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We make it easier for you to focus on building great products while we work on simplifying your payments. Become one of us by joining thousands of our happy users and simplify the online payment experience for your customers.

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Acquire customers from new customer segments

Creating No Cost EMI offers through the Razorpay dashboard was surprisingly easy and it has proved to be an important driver in making our subscriptions affordable to a wider audience. We saw ~3x increase of the EMI contribution in the overall sales, thereby unlocking a specific affordability sensitive segment for us.

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Subham Kumar

Product Manager

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Improved the bottom line with cash-like collection

Instant Settlements helps us capture last-minute EMI payments and let us make deposits with our financing partners within the requisite period. It leads to better money flow management and customer experience.

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Readymade closed wallet solution for quick refunds

We were looking for a closed wallet solution for one-step checkout once the money is loaded in the wallet. Razorpay, our online payment partner, built a white label closed wallet solution which enabled us to create & offer cashbacks and easily refund payments. This improved customer loyalty and the trust in our brand.

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Ashish Somani

GM, Strategy and Planning

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Single flow to collect and disburse payments

Razorpay has been an important partner for our business. We are currently using Smart collect and Route marketplace for collecting payments from users. Their innovative products and quick support has helped us scale our offering to our users. From onboarding documentation to technical integration, Razorpay has been a boon for Indian tech startups.

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Pranay Bhardwaj

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Simplified Reconciliation process for FinOps Teams

50% of our payments come via NEFT, RTGS and, IMPS bank transfers. Reconciliation of payments was a tedious and cumbersome process. Razorpay Smart Collect has helped us automate this end-to-end and simplified the process for Finance and Operations team.

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Shailesh Gupta

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We experienced a 40% decline in demand due to Covid-19 lockdown but we couldn't afford to cut back on marketing and product development. Razorpay did a fine job of processing and disbursing Working Capital Loan quickly with great support throughout. With increased liquidity, we were able to bounce back to normality in no time.

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By using the card tokenization feature on Razorpay Subscriptions, we were able to eliminate up-front deposits for a majority of our customers. This helped us reduce outstandings by 18% and improved our retention numbers, as more customers were able to afford the product.

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Aravind Radhakrishnan

Product Director

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Источник: https://d6xcmfyh68wv8.cloudfront.net/

E-Payments

MAS formulates policies, develops strategies and infrastructure, and collaborates with the industry to ensure a competitive and innovative payments ecosystem that is safe and secure. MAS seeks to foster an inclusive e-payments society by making e-payments easy to use and accessible to everyone.

 

The Singapore Payments Roadmap (1.32 MB) is a collaborative effort by MAS and KPMG to study Singapore’s payment landscape. The study surveyed more than 2,500 stakeholders in Singapore’s payment ecosystem and internationally to understand the current state of how consumers and businesses make payments. The study identified key recommendations and strategies to promote e-payments in Singapore.

 

Building on the Singapore Payments Roadmap recommendations, MAS formed the Payments Council to drive the adoption of e-payments, and foster innovation and collaboration in the industry. The Payments Council is headed by MAS' Managing Director, Mr. Ravi Menon, and comprises leaders from banks, payment service providers, businesses, and trade associations.

Parliament passed the new Payment Services Act (PS Act) in January 2019 to unify and streamline the regulatory requirements for various payment services in Singapore, including e-payments. The PS Act adopts a modular and risk-focused approach to tailor MAS’ rules according the scope and risks of each payment service. This gives MAS the flexibility to respond quickly to the fast changing payments landscape, and preserves stability while facilitating the innovation and growth of e-payments in Singapore. 

Источник: https://www.mas.gov.sg/development/e-payments

NTUC-OCBC Starter Account

Apply now and get FairPrice eVouchers.

Limited time offer for new OCBC Card Applicants (valid till 30 September 2021)

Get S$56 or S$20 worth of FairPrice eVouchers when you apply for the NTUC Plus! Visa Credit or Debit Card and make 3 transactions on your approved card.

Plus, apply together with the NTUC-OCBC Starter Account to getadditional S$56 worth of FairPrice eVouchers when you credit your monthly salary of at least S$1,000 into your NTUC-OCBC Starter Account by 31 October 2021.

Terms and Conditions Apply

How does the NTUC-OCBC Starter Account interest rate work?

Base interest rate

Bonus interest rate

(with minimum salary crediting amount of S$1,000 per month via GIRO and at least 3 transactions on your NTUC Plus! Visa Credit/Debit Card monthly)

$0

Initial deposit

$0

monthly service fee

1200

island-wide ATMs

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Savings Account linked to NTUC Plus! Visa Card

Your NTUC Plus! Visa Card is not only a credit / debit card, but also an ATM card to access your NTUC-OCBC Starter Account.

Daily Banking Convenience

1,200 ATMs at convenient locations

At MRT stations, FairPrice outlets, Caltex stations and all major shopping malls.

Find nearest ATMs

Make deposits

Deposit your cash at any OCBC ATM PLUS at FairPrice outlets, OCBC Cash Deposit Machine or OCBC branch (subject to over-the-counter transaction fees), or drop your cheque at any OCBC Quick Cheque Deposit Box.

Cheque book

SGD cheque books are available on request at S$10 per cheque book. Fill up the cheque book request form and mail it to us, or call 6781 7090 (press 2).

Withdraw cash overseas

Access cash overseas at ATMs with the Visa / PLUS logo, or at OCBC ATMs in Malaysia and Indonesia.

View Transactions

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Pay any bank's credit card bills online, transfer money locally and to overseas accounts.

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Choose to receive paper or electronic monthly statements.

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We guarantee a full refund of any money lost due to online banking fraud.

Track your spending by category

Your spending is automatically sorted by category so you know exactly where your money is going with Money Insights

Still confused? Find out more about online banking

Important Notes

Deposit Insurance Scheme: Singapore dollar deposits of non-bank depositors and monies and deposits denominated in Singapore dollars under the Supplementary Retirement Scheme are insured by the Singapore Deposit Insurance Corporation, for up to S$75,000 in aggregate per depositor per Scheme member by law. Monies and deposits denominated in Singapore dollars under the CPF Investment Scheme and CPF Retirement Sum Scheme are aggregated and separately insured up to S$75,000 for each depositor per Scheme member. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.

How to Apply

Online application

Get the NTUC-OCBC Starter Account by applying for NTUC Plus! Visa Credit or Debit Card.

Note: NTUC-OCBC Starter Account comes bundled with NTUC Plus! Visa Credit/Debit Card.

Источник: https://plus.com.sg/apply/banking/ntuc-ocbc-starter-account

Disclaimer: This article may link to products and services from one or more of ExpatDen’s partners. We may receive compensation when you click on those links. Although this may influence how they appear in this article, we try our best to ensure that our readers get access to the best possible products and services in their situations.

Ask most people what they know about Singapore easiest bank to apply credit card singapore one of the first things people will mention is how expensive Singapore is.

From cost of housing to healthcare, to buying food or eating out in restaurants, you can be sure that you will be dipping into your wallet more frequently than you would like when living in Singapore.

So, how do you manage this without it becoming a painful exercise in constant overdraft negotiations with your bank? With the assistance of credit cards of course.

With so many choices, where do you start to find the right card for you? Follow this guide to help you understand what is really on offer and the pros and cons behind each choice. It will help you sift through the most popular credit cards and suggest the best to suit your nearest bank of america atm or bank Credit Cards

If you don’t own a credit card already, I suggest you are going to need one shortly after arriving in the Lion City.

Even if you have one already, after reading this article you might want to look for a second one. Why? Well, couple this expensive way of life with the local psyche of deals, bargains, and up-selling and you’ll quickly understand that credit cards are more than just another form of payment.

Every Singapore based credit card also comes with its own set of rewards. Cash back, air miles, free easiest bank to apply credit card singapore, concierge services to name just a few. Every bank has a range of cards and rewards on offer, something to tempt everyone.

Why Get a Credit Card?

Credit the first national bank and trust of newtown can be an excellent way of managing your bank balance. Put simply, credit cards enable you to spend money on a credit basis, to spend money you don’t currently have or at least money you don’t want to leave your bank account at that moment of purchase.

Credit cards give you the flexibility to buy now and pay later, up to a set credit limit which may be a few hundred or several thousand dollars depending on your bank and credit history.

They are also accepted at more places than charge cards that don’t offer a credit facility, meaning you must pay off the cost in full and on time each month; or prepaid cards, which are loaded up with money prior to use and where spending is limited to the amount held on your card. It’s essentially a plastic alternative to cash.

Credit cards are a safer way of carrying payments than loose cash. If your card is stolen you simply phone the bank and put a block on the card. If your card is used fraudulently online you’re more likely to be refunded.

Be mindful though of the terms of lodging a dispute especially with regards to online transactions. Most banks will require you to submit a dispute resolution form within 14 days of a card statement being issued.

Credit cards can also offer you protection. If you make a big purchase like an airline ticket or a vacation trip and the business subsequently folds, you may be protected by your card issuing bank who will refund the money. Not all cards and banks are equal though so please read your card contract small print.

A Singapore issued credit card may also make it easier for you to enter into other financial contracts such as securing a mobile phone or getting a car loan.

Let’s face it, unless you are in the ultra-rich category, you won’t be buying a car outright in Singapore any time soon. Accessing credit quickly and easily can be very important to easing the other transactions in your Singapore life.

What to Watch Out For

On the flip side, if you aren’t sensible credit cards can end up costing more than you think or leave you in a spiraling debt crisis.

Credit cards offer you the opportunity to pay off some, or all, of your credit debt at the end of each month. Assuming you pay the bill off each month then all good, but if you make only the minimum payment or, worse still, don’t even manage that, then you will pay interest on that loan at a whopping rate of 15% to 28% depending on which card you hold. Ouch.

This interest rate is going to be well above that which you enjoy on your savings accounts, if you have one, so miss just one payment and that interest will quickly add up to well above that which you can easily repay. Interest payments can also be backdated. Read the small print.

Making a late payment or exceeding your credit limit will also result in default charges. Did you know that many cards have annual fees just for the pleasure of owning them? Let’s also not forget the balance transfer fee, the cash advance fee, and the foreign transaction fee. Again, read the small print.

Watch out for cash withdrawals as well. It’s not always well known that interest is usually charged daily, from the day you withdraw cash on your card and at a higher rate than the interest on standard payments.

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If you make monthly payments with a credit card, such as a gym membership, even though you are paying by installments your bank will make full payment on your behalf when you sign the agreement. If the business ceases prior to the end of your contract you remain liable to pay the monthly installments to your bank.

Depending on your agreement with your card issuing bank you may not be able to claim any losses, especially if the bank itself is not able to recover on your behalf. Check your card’s protection plan carefully for installment plan payments. Did I already say it, read the small print.

Before you rush off to grab your new card there are some important factors to consider.

Existing Accounts and Cards

One of the requirements of a successful credit card application is that you have an existing Singapore bank account. It might be smart to look at their card options first and foremost.

One of the best ways to ensure you don’t end up in a spiral of credit card debt is to simply set up a direct debit for the full monthly balance or at least, for as much as you can afford to pay regularly. This will be easiest to set up and manage between accounts within the same bank.

Age

In Singapore, you need to be at least 18 to apply for rooting for you meaning credit card. Even then you can only apply for a student credit card with your parent or guardian’s consent. At the ripe old age of 21 all the card options open up to you.

Applying as a Foreigner

Most major banks in Singapore will allow foreigners to apply for a credit card assuming you are on a valid work permit or visa and have a residential address in Singapore.

But you easiest bank to apply credit card singapore have to demonstrate a minimum annual salary level of $45,000 SGD, somewhat higher than the $30,000 SGD that applicants holding Singapore citizenship or PR (Permanent Resident) status have to show.

Credit Rating and History

All banks and card providers will run a credit assessment on receipt of your application. They will be looking at several indicators. Firstly, your credit score calculated on your past payment history on loans.

The higher your risk of repayment the lower the score. This score will be looked at in line with your annual salary, length of employment, bankruptcy, litigation, and so forth. Your credit rating doesn’t just determine your application success but can also influence the interest rate or promotions you are subsequently offered, otherwise known as risk-based pricing.

Your card may have an attractive APR (annual percentage rate, more commonly referred to as interest rate) to lure you in, however when it comes down to it only 51% of accepted card holders legally have to be offered that advertised rate, the other 49% of applicants may still be accepted for the card but with an escalated interest rate, based on how risky of an applicant the bank considers you.

All that said, the good news is that Singaporean banks only consider your credit rating here in Singapore so all those debts you racked up back home no longer matter. Of course, if you have just arrived in town it may mean that your Singapore credit file is looking a little slim.

In which case, you will need to provide extra details such as monthly expenses and rent or written confirmation from your employer or landlord.

In some cases, your only option is to go for a “credit builder card,” a card that helps you improve your credit rating but at a very high rate of interest. Not the best but perhaps the only option for some people.

Types of Credit Cards

You’re probably familiar with the brands Visa, MasterCard, and American Express (Amex) but do you know what the difference is? They are all payment networks that facilitate the transmittance of data and authorize the movement of money between merchants and banks.

To most of us, Visa and MasterCard credit cards really aren’t very different. Both are widely accepted around town, both have contactless payment systems, both are accepted for online shopping, and both have extended global ATM networks.

Visa initially holds the advantage with a greater rate of acceptance and its claim that it can replace a lost credit card within one business day.

MasterCard swings ahead in terms of promotions, which are network-wide. In other words not necessarily linked to one bank but to your MasterCard whatever the issuing bank. Your choice.

American Express swoops in with excellent acceptance rates across all major bricks and mortar merchants and online retailers but less so with smaller independent easiest bank to apply credit card singapore due to the higher merchant fee they pay on transactions.

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American Express cards fare best in terms of the benefits on offer. They have stronger consumer protection measures than Visa or MasterCard and can secure better benefits with third party merchants due to their ability to negotiate as a major credit card issuer.

Visa and MasterCard cards are obtained through a third party issuing bank. Whereas, Amex cards can be issued both by banks and Amex itself, with the more highly sought after cards, such as the American Express Singapore Airlines Kris Flyer card coming direct from Amex.

Just when you thought you had got your head around the different card options, there are also a couple of other players in the market: Diner’s Club,UnionPay, and JCB.

Diner’s Club, like Amex, issues its own cards but isn’t widely accepted across Singapore. UnionPay and JCB cards are China and Japan’s main credit card issuers respectively but are both beginning to gain traction through partner banks here in Singapore.

Perhaps not ones to consider at this stage unless you plan to spend a lot of time in either China or Japan.

Bank Credit Cards

If you have read this far and are already considering a new credit card then you will already know that you need a local bank account to hold a Singapore issued credit card.

There are a range of international and local banks to consider in Singapore including but not limited to:

First up, I suggest considering the credit cards offered by your existing bank and then shop around to look at whether alternatives suit you better. The sign-up bonus with a new bank might well entice you away from your existing one.

There is another consideration still, whether you need a Singapore-issued credit card at all? For some people the foreign transaction fee on purchases made on their existing home country credit card may even be cheaper and easier than securing a new card. Just a thought.

The banks all want your business. They all offer Visa, MasterCard and American Express options. So how are they going to secure you as a new client?

Through their sign-up incentives and rewards schemes. This is where choosing a credit card gets interesting so let’s break down the options.

Interest-Free Cards

Sometimes known as 0% purchase cards, these are cards that don’t charge interest on your purchases, for example the OCBC Cashflo Credit Card.

With this and other cards like it, you can buy at leisure, spread the payments over time, and still pay no more than if you had paid up front.

There are also cards offering low balance transfer fee perks whereby you can transfer debt from an existing card onto your new card and pay minimal interest on that debt.

There is likely a fee for this activity but it should still be smaller than the interest payments on the debt with the original card, check out HSBC’s Card Balance Transfer offer.

Cash Back and Rebate Cards

If you anticipate fully paying off your debt each month then interest rates are irrelevant. Cash back and rebate cards, such as the Maybank Family & Friends credit card and the Citibank Cash Back card, give you dollars back when you spend on daily essentials to paying your monthly utilities bills.

Make sure you look at the finer details as all rebates and cash back cards are different. Check what the monthly cap on cashback is.

Is the earn-rate obvious and positive for the items you spend on or are you going to have to shop outside of your existing spending habits to take full advantage?

Rewards Based Cards

Signup bonuses, air miles, store credit, vouchers, experiences, discounts, dining promotions, movie tickets–they are all out there for the taking.

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The premise is simple, the more you spend, the more points you earn which can then be redeemed from your card’s rewards program.

Whet your appetite with the HSBC Visa Infinite Card and then get ready to do some research as the choice on rewards card is plenty.

Contactless Payment Systems

Looking to scan, swipe and go? Then look for a card offering the contactless payment system such as Visa payWave or ApplePay, or the American Express True Cashback Card.

Some banks even offer additional rewards for using your contactless payment option. Double the fun.

Comparing Options

You have the low down on types of cards and you are thinking about what you want to get from a card. Now you need to understand nearest citibank from here to match a card to your lifestyle.

Spending Habits and Lifestyle

Are you a frequent traveler? What purchases are you looking to make on your card? This will help you identify whether the rewards or cash backs are ones which you can easily tap into.

Frankly, there is no point getting a card offering miles and great travel perks such as the DBS Altitude Visa Card if you only travel to Kuala Lumpur and back once a year.

Time Spent in Singapore

This is not just an existential question about your life plan, but whether your time here will be spent in Singapore or traveling abroad frequently.

Getting a card with a plethora of local rewards such as the OCBC Best Dinki Credit Card, which gives you rewards on electronics purchased in local stores, Best Dinki, might not cut the mustard if you aren’t even in Singapore to earn those points in the first place.

You may even end up being charged more in foreign transaction fees on your Singapore credit card than if you used your existing home country card on your travels.

If you know you will be overseas frequently then start to look at cards with great overseas travel and spending perks such as the Standard Chartered Visa Infinite.

Existing Banking Arrangements

We’ve already mentioned this. Which bank are you already with? Is the best match with them? Or does the signup bonus on offer from a competing bank sound attractive enough to make you jump to another?

The American Express Singapore Airlines KrisFlyer Ascend credit card with its sign on bonus of 42,500 air miles could be enough to turn your head from whatever your existing bank is offering.

Or perhaps the knowledge that as an existing HSBC Premier Banking customer you are exclusively eligible for the HSBC Premier MasterCard is all the cache you need to stay put with HSBC.

Overview of the Best Cards

You will have gauged by now that there are many options available to you and considerations to make. There is no one-card-fits-all option.

Following are some suggestions of the best cards available to-date. Card options do change regularly so remember to do your own research as well.

For Signup Bonuses

There is a balance between the is soy bad for you vegan miles or bonuses available and the minimum spend to earn that bonus, so we jump straight in with a card that has none of those catches.

The Standard Chartered Unlimited Credit Card is a no-fuss credit card that gives you instant cash back.

The add-ons:

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  • receive $220 SGD cash immediately on application
  • instant digital credit card approval and insurance if you apply via MyInfo
  • 1.5% cash back easiest bank to apply credit card singapore on purchases
  • no cash back cap per month
  • no minimum spend per month

For Travelers

Frequent travelers need look no further than air miles as their reward incentive. Earn miles and exchange them for flight tickets.

Look out for deals both on earning and redeeming miles and the extra lifestyle rewards built around these programs. Complimentary airport lounge access anyone?

Don’t forget to check the miles you earn are on flight reward programs you use. Tie-ups tend to be with major Asian airlines programs such as Krisflyer and AsiaMiles.

The UOB Miles American Express PRVI Miles Card.  Earn 7 miles per $1 SGD spent on major airlines and hotels worldwide.

This is the best rate we’ve spotted yet. What’s more you also get 2.4 miles with $1 SGD spent overseas, up to three miles with every $1 SGD spent on Grab and 1.4 miles spent locally.

The add-ons:

  • up to 12,000 welcome miles as a sign up bonus
  • 20,000 loyalty miles every year with a minimum annual spend of $50,000 SGD
  • access to a UOB PRVI Travel Butler and dedicated travel assistance hotline
  • complimentary personal accident coverage travel insurance and medical assistance up to $500,000 SGD
  • up to 8 complimentary airport transfers to Changi Airport every year
  • $10 SGD rebate on contactless payments

For Luxury Lifestyles

Admit it. Who hasn’t always wanted a personal chauffeur? Yes seriously. Whether it’s chasing a wannabe luxury lifestyle or supplementing your existing one, this is the card for you.

The DBS Altitude Card (which comes as a Visa or Amex card), as the name suggests, is positioned as a luxury travel rewards card option but comes with all sorts of additional services including the aforementioned personal chauffeur for luxury airport transfers.

The add-ons:

  • earn three miles for every $1 SGD spent on online flight and hotel transactions
  • access to the Visa Concierge program with complimentary room upgrades and more
  • up to $1,000,000 SGD travel accident insurance coverage for you and your family
  • 10,000 bonus miles upon payment of annual fee ($192.60 SGD) or waiver of fee if you

For Big Spenders

Money equals power. For some people anyway. There are those who can drop a ton without flinching.

If this sounds like you, and you truly have the funds for this lifestyle, consider yourself one of the elite. And as one of the elite, you get access to cards that the rest of us can’t even consider, invitation only exclusive cards such as the UOB Visa Infinite Metal Card or the OCBC Elite World Card.

For the rest of us who need every dollar we can get, we suggest looking at the cashback credit cards. Earn while you spend. Simple.

The POSB Everyday Card gives you 15% cash rebates and deals on every day essentials.

The add-ons:

  • up to 15% cash rebates on online food delivery, food catering and more through the DBS Lifestyle App
  • up to 6% cash rebates on shops and utility / service providers such as Starhub and SP Group
  • use it as an all-in-one card for your daily essentials, MRT / bus rides and more
  • cash rebates never expire

For People Who Buy a Lot of Gas

You may not have the long open roads in Singapore that you see back home but that doesn’t seem to stop the boys with their toys.

There are plenty of Lamborghinis, Ferrari’s, and Porsche’s out on the roads to keep the va-va-voom going in your life.

If you count yourself in this gang and the only miles you are interested in are the gas miles then this is the card for you.

The DBS Esso Card gives you 21.2% gas savings and turns everything you buy into free gas.

The add-ons:

  • get an additional $7 SGD fuel savings with a minimum $180 SGD net fuel savings easiest bank to apply credit card singapore month
  • $180 SGD fuel saving sign up bonus
  • auto enrollment in the Esso Smiles Drivers Reward program
  • 0% interest free Installment Payment Plan for motor insurance and road tax
  • pay-pump-go options at all Esso service stations for greater convenience

Tips and Tricks

Not all cards are equal. You know to read the small print. But there are still some other tips and tricks to making your card work for you.

Getting the Most from Cards and Rewards

Reward cards have a redemption window. The window in which you can convert your points to rewards. Sometimes that window doesn’t work for you.

Perhaps you don’t have enough points to buy what you really want. Maybe you know an item is coming out shortly that you are saving for.

Our top tip is to look at store vouchers. These have a much bigger redemption window than most card reward programs.

Don’t lose your rewards, instead convert then to the likes of Takashimaya store vouchers which have a much longer expiry date, especially easy through a card such as the DBS Takashimaya Card.

Avoiding the Debt Spiral

I can’t stress enough how important it is to use your card prudently and not spend beyond your means or fail to make payments on time.

My top tip here is to consider setting up an automatic payment, known in Singapore as a General Easiest bank to apply credit card singapore Recurring Order from your bank account to your credit card bank. Those overdraft negotiations with your bank might just save you from spiraling interest fees.

Accruing Rewards

How frustrating is it to know you have a card that racks up the rewards yet you can’t use it when you are paying for those big ticket items such as your condo or school fees? We can feel your pain from here. But it’s OK, there’s a solution: CardUp?

CardUp gives you a whole new way to make payments by credit card even when the recipient doesn’t accept them. CardUp act as the middle man.

For a small fee on each transaction, which CardUp guarantees will come well below whichever benefit you have signed up to receive, even the cashback one, they’ll make a direct payment on your behalf.

Once you’ve paid your insurance, school fees, or property rental, you can sit back comfortably knowing that you are racking up those rewards again.

Now, on to You

Whatever card you decide on please remember the following: do your research, check the terms and conditions, check the eligibility requirements ahead of your card application, and lastly, apply financial prudence to your spending.

If you have any experience with credit cards in Singapore, tell us about it in the comments section below.

Selina Boyd

Selina writes from her outdoor desk in sunny Singapore. Originally from the UK, it didn’t take much to convince her to leave behind the grey, rainy skies for tropical living in the Little Red Dot 11 years ago and she has never looked back. When not behind her desk, she can be found wandering the streets with a camera (follow her on @s_ingshot) or climbing volcanoes around South East Asia.

Источник: https://www.expatden.com/singapore/best-credit-cards-in-sg/

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