English please............
Did u selected any options?FYI POSB is owned by DBS
Usually that's the case - One Visa card, One MasterCard, and One overdraft account BUT your total credit limit for all three remains the same.
My usual advice (ahem!) to youngsters starting out and getting their first credit cards - It should only be used for emergencies or when you're overseas and have no access to immediate cash. Do not spend the money and think that you can pay the minimum on a monthly basis. The interest will kill you eventually. Spend wisely.
Have a good week ahead!
I wonder why banks do not impose a tighter credit limit for the youngsters, example credit limit = 1 month salary.My advice to youngsters is don't own any credit cards. Just get a Debit Card which is spend what you have in the bank (still can use it in overseas as it's a form of card which you can sign like a VISA/MASTER)
Seen a few that earn $3,000 a month but spend $6,000. After that ask money from parents because they can't pay their credit card bills.
I wonder why banks do not impose a tighter credit limit for the youngsters, example credit limit = 1 month salary.
Usually that's the case - One Visa card, One MasterCard, and One overdraft account BUT your total credit limit for all three remains the same.
My usual advice (ahem!) to youngsters starting out and getting their first credit cards - It should only be used for emergencies or when you're overseas and have no access to immediate cash. Do not spend the money and think that you can pay the minimum on a monthly basis. The interest will kill you eventually. Spend wisely.
Have a good week ahead!
My advice to youngsters is don't own any credit cards. Just get a Debit Card which is spend what you have in the bank (still can use it in overseas as it's a form of card which you can sign like a VISA/MASTER)
Best advice.
But well... being young, they won't just listen :bsmilie:
because fiscal imprudence is not restricted to the young... nor are all youngsters fiscally imprudent... and as adults, if they can't take care of themselves, do they want a nanny to plan their spending for them?I wonder why banks do not impose a tighter credit limit for the youngsters, example credit limit = 1 month salary.