DEFINITION Swiping a credit card is the polar opposite of using a debit card. The latter allows you to spend the money that you already have in your checking account. While, the former lets you borrow money from a financial provider. You have to pay an interest at the end of every billing statement. Be forewarned that having a credit card does not equate to having “free” cash around. It only means that you are expected to pay back whatever
OCBC, HSBC and Standard Chartered offer the lowest interest personal loans in Singapore, available exclusively on SingSaver. Editor’s note: Personal loan and bank rates are subject to change. Last updated 7 October 2019. Whether it’s due to an emergency or simple cash flow management, most of us will need a personal loan at some point. Personal loans do get a bad reputation sometimes, but if you understand how to manage cash flow and know how to take advantage of promotional interest rates,
Are you drowning in yesteryear’s debt? You are probably pessimistic about your financial future. Eventually, all these bills may push you to your boiling point. When this happens, a fresh start is essential. Start by being aware of the reasons why your pile of debt exists. Then, do the necessary actions to eliminate it. YOU ARE ADDICTED TO SHOPPING Whether you call it shopping addiction or retail therapy, you simply cannot control your spending habits. It is harmful to associate
DO NOT SPEND WITHOUT CONTROL Let me start by saying that you must not spend more than what you can afford. Remember that credit is a loan, which is meant to be repaid. It is your responsibility to stay on top of your debts and to keep your commitment with the lenders. Maintain your control by avoiding the credit limit of your cards. DO CHECK YOUR CREDIT HISTORY Reality check! Credit cards with premier rewards and terms fall down to
Whether you are doing business online or you have a physical store, payment security is a must for you. Credit card payment is one of the popular ways for customers to pay for the goods or services that they are availing. It is essential to your business to make sure that the credit card payment you are taking is free of fraud. Consumers who are victims of fraud purchases can file chargebacks through their credit card companies, leaving you on
