When it comes to shopping, there is nothing like Singapore’s world class shopping experience. The numerous state-of-the-art malls boast of thousands of international brands that can satisfy every label lover out there. With the numerous benefits of shopping with your credit cards, you will now shop till you drop. There are many reasons to buy shopping credit cards. Many leading banks today offer signup bonuses on credit card purchases. These bonuses can worth starting from SGD 50 and sometimes go beyond SGD 250. There are also other cards that offer double reward points on your first few purchases.
Another reason to buy a shopping credit card is the cashback you receive on your purchases. Starting from 1% and sometime up to 5% or beyond, you can earn cashback on your purchases. If neither, you will definitely earn points on your charges. Safety is a major concern when using your credit anywhere. Credit card companies today have taken extreme caution and all measures to ensure safety of your card and transactions. In the present times, paying with your credit card has reduced the risk of fraud. Even in case of credit card fraud, the money lost in the fraudulent transaction will be reversed so no loss will be incurred by you. Also, another advantage of making purchases for your shopping endeavors using your credit card is that you always have a grace period to make the payments. You have sufficient time to repay the purchases made.
Credit Cards help build your credit score. There is no reason to doubt that your credit score has a huge hand to play when you apply for any product or service at a bank or financial institution. Therefore when you have a credit card and you learn to use it responsibly, it will improve your credit score significantly because credit companies will report your payment activities to the credit bureaus on a regular basis. Lastly, credit cards are universally accepted worldwide, even more so than debit cards making it easier to use your credit card to make the payment when you shop anywhere in the world.
Shopping can give you the best retail therapy your day needs. In the present and lazy times, no one really likes going out anymore. Shopping is possibly one of the simplest ball busters and stress reduction mechanisms in times like these where online shopping has become the rule of the land. You can now have all the benefits of your retail therapy while staying in the comforts of your home. Even if that is not the case and you are one of those people who would rather walk into a store, feel the material and try on multiple outfits before making the purchase, it is all the more therapeutic. And the best feeling of holding a shopping credit card is knowing that it is raining discounts all year long! If shopping is your mojo and you purchase a shopping credit card, with every purchase you make with your card, you save all the more. These cards offer you special discounts on purchases, additional offers and rewards on all your purchases where the more you shop, the more you save and the better you are rewarded! You can earn discounts, points, cashback and many more using shopping credit cards.
Many would say that the world revolves around money, so doesn’t it sound like a good idea to make the transfer of money as convenient as possible. Credit cards in Singapore allow the shopper to purchase products by granting a line of credit, with a small interest charged. As long as the credit is paid monthly in full, it can be beneficial to use credit cards. The world of credit cards is a competitive one, and each company strives to win customers with more benefits and rewards.
Used wisely, a shopping credit card can be a magic lamp in your hands giving you a whole lot of rewards and benefits.
Having the right credit card can give you the great deals when you embark on your shopping escapades locally or overseas. When shopping around for a shopping credit card, always watch out the latest promotions, offers and deals that the bank is providing at the moment because these deals are ever changing and more often than not, changing for bigger and better offers and deals that will best suit your interests.
Most banks and financial institutions in Singapore follow a standard procedure when applying for a credit card. The following are options you have when you want to apply for a credit card –
All banks and financial institutions have an eligibility criteria when accepting applications for a shopping credit card. Below are some of the common criteria that you must meet to own a shopping credit card -
Good news for those who love online shopping. DBS Safra credit card is now offering 3% cash rebate on cashless and online transactions. The Safra credit card which always offered cash rebates retail transactions is now offering cash rebate on online and contactless transactions. The cardholder has to just spend a minimum of S$500 in a calendar month to qualify for the cash rebate offer. The cash rebate earned will be issued in the form of SAFRA$. One SAFRA$ is equivalent to $1.
16th November 2016