Compare The Best Credit Cards in Singapore
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The Ultimate Guide in Choosing
the Best Credit Card in Singapore
Searching for the best credit card in Singapore? With EasyFind we feature the top credits and let you uncover how to choose the best credit cards in Singapore. Take advantage of the best features of each credit. We’ll help you find the right one according to your lifestyle.
Types of Credit Cards in Singapore
In Singapore you can find three major types of credit cards which have unique offerings. They can be categorised into 3 main types. Each type specialises according to a buyer spending type or has feature that can suit their lifestyle. These cards can be categories in the following:
Understanding the Payment Network Types
Oftentimes we can hear about Visa, Mastercard and American Express (AMEX) card and you might be wondering if what are the differences with these cards. When we talk about Visa, Mastercard and AMEX, these are the three large global payment networks. These means that they are the back-end support to make credit card payment possible around the globe or in selected countries.
What are the differences between Visa, Mastercard and AMEX?
With Visa and Mastercard they are popular to use around the globe because of its worldwide acceptance. We can almost see this payment network type in almost all online and offline stores. These cards are notable for being convenient, easy, and secure to use. Among the two cards, Visa is the most widely accepted card in the world, present in over 200 countries.
AMEX is less widely accepted since it can only be used for about 140+ countries. However, we can still notice its wide usage due to fact that it highly values their customer service and it also popular for having its own credit card even it is not a bank.
Therefore, whatever payment network type you choose, it has its own edge and they are highly regarded for their security features.
Major Fees to Consider
Aside from the payment network types, you might also wonder if what are the fees involved when getting a credit card. And, yes, there are various types of fees that you need to consider when having a credit card. Take in mind that it is not only about annual fees, there are also other fees tat you have to consider.
How Minimum Balance Payment Works
If you haven’t understood how minimum balance works, it might affect your repayments. So, does paying the minimum balance is a good idea?
Using credit cards means that you are opting for a short-term loan, so it advised that you must pay in full every month. However, each credit cad set a minimum balance each month. But, mind you when you choose to pay using the minimum balance payment, you may accrue bigger repayment amounts in the future since credit cards have higher interest rate.
Therefore, it is advisable be careful of your spending and if possible, repay it in full to avoid large amount to be paid in the future.
What to Consider Before Taking a Credit Card
Before getting a credit card, you have to take note of the following:
How to Find the Best Credit Card in Singapore
Singapore has a wide range of credit card to offer. If, its your first time to get a credit card for yourself, it might be difficult or even its your second time. Choosing from a wide array of credit card can be hard and you can’t find and say that there is just one best credit. There are lots of awesome credit card to choose from.
You might be overwhelmed with lots of choices but here at Easyfind will provide tips below that can help you find the best credit card.
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