debit and credit cards
-
What are the differences b/w a debit card and a credit card?
-
when u use a debit card to pay, same as NETS, money will be deducted immediately.
when u use a credit card to pay, u can delay payment.
Difference is, for credit card, u will need to have annual salary of 30k to apply. -
need meh..some dun need la i think..Originally posted by browniebaobao:when u use a debit card to pay, same as NETS, money will be deducted immediately.
when u use a credit card to pay, u can delay payment.
Difference is, for credit card, u will need to have annual salary of 30k to apply.
the difference is that with debit card,you will know your limits..
credit card you'll overspend..but u get more girls..
-
debit card have limit..
if u over max then cannot cash..
credit card is unlimited(unless u r or yr parents are the one who sets the credit limit)
better not use credit card..get girls ...but end of month get sharks -
the standard is 30k la. but below 30k is up to the bank to approve.Originally posted by stellazio:need meh..some dun need la i think..
the difference is that with debit card,you will know your limits..
credit card you'll overspend..but u get more girls.. -
who say unlimited?Originally posted by blackchickenahkai:debit card have limit..
if u over max then cannot cash..
credit card is unlimited(unless u r or yr parents are the one who sets the credit limit)
better not use credit card..get girls ...but end of month get sharks
if im not wrong, it's twice the amount of ur salary.
Of course, some banks will give greater limit. -
One has monthly bills, the other doesn't. Banks usually set a limit on your credit card at 3 times your monthly salary, but you can request it to be higher, which they usually most happily oblige no questions asked.
-
UOB set with 2 times and they'll raise only if you have no bad debts which I think it's good.Originally posted by ditzy:One has monthly bills, the other doesn't. Banks usually set a limit on your credit card at 3 times your monthly salary, but you can request it to be higher, which they usually most happily oblige no questions asked. -
use debit card...save the cats
-
meow!Originally posted by R3SsH|n:use debit card...save the cats -
Debit CardOriginally posted by askxyz:What are the differences b/w a debit card and a credit card?
No minimum income required. If have, min SGD18,000.00 p.a. Use what you have in your savings or current accounts. No tendency to overspend due to limitation of your account balance. Can used for online and/or offline payment. Lots of perks and benefits/rewards. Spend now and pay now.
Credit Card Subject to minimum income of SGD30,000.00 p.a for a generic card. Have finance charge of late payment and interest charge. Uncontrolled spending could lead to bankruptcy. Lots of perks and benefits/rewards. Widely accepted as online payment. Spend now but pay later. Pay minimum amount on the statement.
You can refer to credit and charge card regulation for details. -
If I recall correctly, recently the MAS lowered the credit card application limit to $25k per annum.
-
2 times the salary is the normOriginally posted by ditzy:One has monthly bills, the other doesn't. Banks usually set a limit on your credit card at 3 times your monthly salary, but you can request it to be higher, which they usually most happily oblige no questions asked. -
may i know which bank's debit card can be used for online purchases ?
-
Not yetOriginally posted by dakkon_blackblade:If I recall correctly, recently the MAS lowered the credit card application limit to $25k per annum.
and still under discussion. -
You can apply any one of the following cards from the local banks:Originally posted by Lorry`:may i know which bank's debit card can be used for online purchases ? UOB - UOB VISA Regular Classic or Gold Card POSB - POSB MasterCard Debit Card DBS - DBS MoneySmart Debit MasterCard or DBS NUS Debit MasterCard -
Why with credit card, you will get more girls?Originally posted by stellazio:need meh..some dun need la i think..
the difference is that with debit card,you will know your limits..
credit card you'll overspend..but u get more girls.. 
-
Save the cats?Originally posted by R3SsH|n:use debit card...save the cats -
debit is left, credit is right in a ledger paperOriginally posted by askxyz:What are the differences b/w a debit card and a credit card? -
Thanks for the details.Originally posted by jeffning:Debit Card No minimum income required. If have, min SGD18,000.00 p.a. Use what you have in your savings or current accounts. No tendency to overspend due to limitation of your account balance. Can used for online and/or offline payment. Lots of perks and benefits/rewards. Spend now and pay now.
Credit Card Subject to minimum income of SGD30,000.00 p.a for a generic card. Have finance charge of late payment and interest charge. Uncontrolled spending could lead to bankruptcy. Lots of perks and benefits/rewards. Widely accepted as online payment. Spend now but pay later. Pay minimum amount on the statement.
You can refer to credit and charge card regulation for details.
-
Not accounting, -_-Originally posted by ceecookie:debit is left, credit is right in a ledger paper -
The last I read is the banks are hoping for it, but government still considering. So fast they approve liao?Originally posted by dakkon_blackblade:If I recall correctly, recently the MAS lowered the credit card application limit to $25k per annum. -
when i applied for the POSB GO! card last week, the bank executive there says the GO! card cannot make online purchase, i was likeOriginally posted by Lorry`:may i know which bank's debit card can be used for online purchases ?
so is it true? -
yeah, u can't use it online.Originally posted by Gordonator:when i applied for the POSB GO! card last week, the bank executive there says the GO! card cannot make online purchase, i was like
so is it true?
in fact, u can't use it at places without MC POS terminals. supplying just the credit card number and expiry date but without a signature, the transaction will be declined.
it is just an enhanced ATM card. -
Yes, its true, that go card is a more fancy looking atm card thats all.Originally posted by Gordonator:when i applied for the POSB GO! card last week, the bank executive there says the GO! card cannot make online purchase, i was like
so is it true?