Credit Cards

last SG · 2008-09-13T23:12:09+00:00

30k a month?? wad job can it be? i guess her office at geylang.

rainee SG

Yea i seldom use my CCs now too... i rather pay in cash so it's easier to gauge my monthly expenses so i won't overspend.

I think the card is called Centurion with a $2500 annual suscription

Sometimes rather hard to pay in case for certain stuff...

Like when you want to shop online or when you are buying something on credit, usually they will require you to at least have a credit card...

Fantagf SG

They havent gotten back to me whether they accept my application or not...how long will I be able to get the card?

Not long, less than a month. Do give them a call to follow up to find out if they have received your application. If they have, ask when you will receive your card. They need to contact the relevant party for verification so you will not receive card in a few days.

Call them for follow up.

nehpyh SG

Credit card encourages over spending.

E.g. If you earn $2500. Your credit limit is prolly $5000.

Say you subtract $1000 from your pay for monthly expenses, you are left with $1500.

Nowadays, it's damn easy to spend $1500 in a month. If you own a car, it's definitely gone.

So you end up using your credit.

When pay day comes, left hand in and right hand out.

If you ever need money for hols or medical, that's it. You are in debt!

Debt debt debt.

alfagal SG

My dad has an amex cc plat. n so does some of my friends. they tell me no limit. LoL

thats why they say best plat is amex.

really no limit mehz?

alfagal SG

The annual fee is what puts me off.

My hubby and I got 2 types of credit cards (Mastercard and Amex) with no annual fees but if we want to upgrade to platinum we will have to pay annual fee so we decided against it.

The only credit card that I am still paying annual fee for is my Visa which is my very first credit card I had. I have been contemplating of canceling it but I am still keeping it for the sentimental reason.

u can still keep e card after cancelling mahz..

rainee SG

Credit card encourages over spending.

E.g. If you earn $2500. Your credit limit is prolly $5000.

Say you subtract $1000 from your pay for monthly expenses, you are left with $1500.

Nowadays, it's damn easy to spend $1500 in a month. If you own a car, it's definitely gone.

So you end up using your credit.

When pay day comes, left hand in and right hand out.

If you ever need money for hols or medical, that's it. You are in debt!

Debt debt debt.

Yea I know it has a danger in there la...last time I used to have amex card then when I went on trip will keep overspending...got one time I was in debt up to 500...

Ashearo SG

I think the card better than Amex plat is the Amex titatnium card. Ive seen it before in the newspapers and its prolly the one with unlimited credit. And it is made of titanium. Anyway I got a couple of cards and theyre all for different purposes.

I mean each card has SO many priviledges that you absolutely cannot remember everything. Thats why when you wanna buy stuff, you go shop around everywhere and anywhere and see which shops accept which cards, and they will put up signs displaying the cards they accept. Its best to have a few different cards so that you can gain the most benefits when you shop.

UOB Platinum - Its now called UOB Preferred Platinum card. I got the original plat card a while ago and just lazy to change it. Anyway UOB offers a huge list of dining priviledges, you get 11% discount at Cathay cinplex and also discounts at a wide range of clothing and accessories store. It also covers travel insurance if you pay for it using the card.

ABN AMRO Platinum - This card belongs to a Dutch bank. It doesnt have as much priviledges as the others (it has the usual dining priviledges at some places but quite limited), but it does have one unique priviledge. With this card, you are enittled to the Comfort Cab priority queue and you get to call a priority line when you need a cab. The cabs come fast and you do not need to pay the service charge for calling.

Citibank Platinum - This card is probably the other "must have" card besides UOB platinum. It offers a huge range of priviledges as well for many dining and shopping places. Travel insurance is also covered. You get to sign up for a service that helps cancel all your cards if they ever get stolen. I guess the other cards should have such a service also. Citibank platinum allows you to cut queue at Golden Village because they have a priority queue for you. No discounts though. Just very good for buying movie tickets on super crowded weekends.

Amex Plat - I think this is my favourite card. Its not the most widely accepted but i think it offers the best deals. It comes with a Feed at Raffles card which offers superb deals when you dine at the Raffles Hotel and Swissotel. Membership to Feed at Raffles costs over 600 SGD if you sign up externally. Amex plat gives it to you for free. This card allows you to cut queue at Cineleisure and The Cathay using the priority queue, and gives you the discount that UOB card offers. This card gives you priority entry to MOS. It probably has the best travelling insurance. Many shops offer 5X or 10X rewards points, and these rewards points are for life. No expiry unlike the rest. And it looks the best among all the cards abovementioned.

Its better to check out the websites to get details on which cards are better for you. Generally its good to have many cards as long as you can control your spending and pay your bills every month when the statements arrive. Its the best way to reap rewards when you gotta spend money.

BadzMaro SG

So.. i should strive for all platinum cards ? lol!

caleb_chiang SG

get every card and enjoy their benefit lor... then cancel all when the free membership runs out... then they will extend the period...

GHoST_18 SG

plat cards are like so cheap now...

angel7030 SG

plat cards are like so cheap now...

better stick to my cash card and atm card, just in case kenna credit crunched

myfairmissy.com SG

hahaha.. credit crunched? nice term. plat/titanuim card no more meaning..its no longer exclusive. Cash is king now.

charlize SG

plat cards are like so cheap now...

Yeah, somebody told me she got a platinum card and she just started working only.

I was like wtf, you are paid 60K a year?

Then she explained, apparently now platinum card only required you to have an annual income of 30K .

GHoST_18 SG

tat's y i said plat cards are like so cheap now

ditzy SG

I have platinum card also, but no platinum privileges.

Rednano SG

visa/mastercard/diners charge the % commission rates to merchants (shops) much lesser than amex... so naturally more shops preferred visa/mc/diners than amex...

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