Secured credit card

[WoShiPro]

I dunhave a income still currently a student. But i spend up to 2k per month on online purchases.

What the best card for it? Best if have cashback also how long do we need to tied my FD account to? There FD period like 3/6month will I be able to get the card if I locked my account to 3/6 month FD? And does those promotion interest rate apply?

 

[wts2013]

I spend up to 2k per month on online purchases.

What the best card for it? Best if have cashback also how long do we need to tied my FD account to? There FD period like 3/6month will I be able to get the card if I locked my account to 3/6 month FD? And does those promotion interest rate apply?

10k FD 1 year, board rate only. Best Frank credit card gives u 6% rebate for online max 1k spend per mth, 0.5% above 1 1k. Use another cc for the other 1k lor if u want to earn higher rebate, but if from another bank u need another 10k FD, hahaha

 

[WoShiPro]

10k FD 1 year, board rate only. Best Frank credit card gives u 6% rebate for online max 1k spend per mth, 0.5% above 1 1k. Use another cc for the other 1k lor if u want to earn higher rebate, but if from another bank u need another 10k FD, hahaha

Does ocbc allow you to get Frank CC? Nothing is mentioned in the website..

I have googled on this secured card and there this UOB one card that gave 2% for online purchases if frank doesn't allow me to get than I guess I will go with the UOB one card.

 

[ilovecheese]

yes. I hold secured frank, put 10 k fd

 

[ilovecheese]

you may also consider 3.33% uob one secured cc at 10k also, i have that also, interest is board rate abit low

 

[WoShiPro]

@ilovecheese for both the UOB and OCBC card what are the credit limit? For 10k FD.

 

[sebastgt]

Banks that offer secured credit card with FD of S$10k.
Those whose salary below 30k per annum can apply.
Great for students and retirees too.
Credit limit is either 10k or a little less.
The banks are:

ANZ
CIMB
CITI
DBS/POSB
HSBC
Maybank
OCBC
SCB
UOB

Any more?

 

[coldmilk]

I have applied for several secured credit cards and I usually get the promotion interest rate (and not just board rate) for the FD.

 

[wts2013]

I have applied for several secured credit cards and I usually get the promotion interest rate (and not just board rate) for the FD.

Lucky u, is one of them from scb?

 

[ilovecheese]

Banks that offer secured credit card with FD of S$10k.
Those whose salary below 30k per annum can apply.
Great for students and retirees too.
Credit limit is either 10k or a little less.
The banks are:

ANZ
CIMB
CITI
DBS/POSB
HSBC
Maybank
OCBC
SCB
UOB

Any more?

i dunno anz have, i have frank, 365, uob one, live fresh at the moment : ) secured 40 K total

 

[ilovecheese]

@ilovecheese for both the UOB and OCBC card what are the credit limit? For 10k FD.

mine was 8K for both ocbc frank and ocbc 365

and 5K for uob one

 

[beri stupid idiot]

hi cheesey lover, anz travel is great if they allow you to FD : )

 

[wts2013]

i dunno anz have, i have frank, 365, uob one, live fresh at the moment : ) secured 40 K total

10k per bank, why u have 40k Fd, wo hwah boh?

 

[beri stupid idiot]

to each his or her own : )

anz travel would be great, citi prestige also *winks*

 

[kokitty]

Seeking assistance from those who have applied for secured cc before. thinking of applying for one for my parents, then open 360 a/c so that they can enjoy higher i/r rates.

Is there a special procedure? can't seem to find this option in the normal c/c application form. Online application too, doesn't seem to have any option advising the bank.

 

[WoShiPro]

Seeking assistance from those who have applied for secured cc before. thinking of applying for one for my parents, then open 360 a/c so that they can enjoy higher i/r rates.

Is there a special procedure? can't seem to find this option in the normal c/c application form. Online application too, doesn't seem to have any option advising the bank.

Yeah I also thinking abt this.. Can we link our secured frank card to the ocbc 360 acc? So we can enjoy the 1% interest? I have a savings acc with ocbc but yet to convert to 360 acc.

 

[wts2013]

Seeking assistance from those who have applied for secured cc before. thinking of applying for one for my parents, then open 360 a/c so that they can enjoy higher i/r rates.

Is there a special procedure? can't seem to find this option in the normal c/c application form. Online application too, doesn't seem to have any option advising the bank.

U have to go to the branch to apply cc, place FD, earmark the FD, etc.

 

[wts2013]

Yeah I also thinking abt this.. Can we link our secured frank card to the ocbc 360 acc? So we can enjoy the 1% interest? I have a savings acc with ocbc but yet to convert to 360 acc.

u have to open a new 360 account, cannot convert, apply Frank cc card, place FD, earmark FD. So long u fulfil the 3 criteria, u get the bonus interest on 360, no need to do any link

 

[kokitty]

U have to go to the branch to apply cc, place FD, earmark the FD, etc.

thanks so much!..

 

[hOp3SoT]

U have to go to the branch to apply cc, place FD, earmark the FD, etc.

If doing tis do we need 50k or 60k including the fd to enjoy the max benefit? Thx!