The Cost of Having a Baby in Singapore

The Cost of Having a Baby in Singapore

Are you having a baby in Singapore? Its cost is not a joke. So it’s best to be financially prepared, not just for the baby but also for you.

Expecting your first baby is welcoming a bundle of joy that is about to see the outside world. However, it is not just about baby clothes, toys and room that you have to plan. With all the joy and excitement, do not forget to plan your finances.

Having a baby in Singapore brings a large impact on your budget. So be ready. Here are 9 tips to be financially prepared.

Sign up for the Baby Bonus Scheme

The Singapore government wants to support the parents in raising their children. Thus, it created the Child Development Co-Savings (Baby Bonus) Scheme under the Marriage and Parenthood Package. It includes the cash gift and CDA. Plus, it includes unwed single parents in the revised version of 2016.

For children born on or after January 1st 2015

Child Development Account is special savings account for children which automatically opens once a parent joins the scheme. Parents can select a bank (OCBC Bank, DBS Bank or UOB Bank) on which they can open an account. Banks are not the same. Each one offers a different promo. Take time to check which one will fit you best.

There are two ways around CDA:

  1. Save after July 1st of 2016. The grant will automatically be saved on the account or
  2. Save before July 1st of 2016. Your child will not receive CDA First Step but will receive the current dollar-for-dollar matching.

Parents can save until December 31st of their child’s 12th year. After that, the government with match the dollar to dollar savings in the following months until the cap has been reached based on the child’s birth order.

In addition, use your child’s CDA funds for medical and educational expenses in Baby Bonus Approved Institutions (AIs) such as:

  • Child care centres, kindergartens and special education schools
  • Providers of early intervention programmes
  • Hospitals and clinics, Pharmacies and Optical shops
  • Providers of Assistive technology devices

Go Shopping for Baby Stuff

Start shopping. But consider which ones should be bought brand new and second-handed.

Buy them firsthand for furniture such as cribs, high chairs, and strollers. Take note that damaged ones can cause injuries. In addition, download apps such as Bakipa to see some options on hand me downs. Finally, try comparing prices with online shops and real shops. Take your time. It will yield saved money.

SOS Baby Fund

Have an SOS Baby Fund starting from the point you plan to have a baby or when you discover you are expecting. Setting goals may vary. But save up for three to six months’ worth of family expenses. Also, it is better to pay your debts now while you are saving. You might be doing fine now. But, when the baby gets out, your finances will totally change.

To give you an idea, you must prepare these essentials:

  • Portable bed or playpen
  • Crib or cradle
  • Moisture-proof mattress pads (1-3)
  • sheets (2-4)
  • blankets (3+)
  • Baby monitor
  • Diaper pail/bin
  • Dresser/chest
  • Infant bathtub
  • Nightlight or lamp
  • Car seat
  • Stroller
  • Laundry detergent for babies or those with sensitive skin
  • Nasal aspirator
  • Thermometer
  • Infant pain reliever/fever reducer
  • Feeding bottles
  • Baby formula
  • Bottle cleaning brush
  • Bottle sanitiser
  • Diaper
  • Baby clothes get small in just a few weeks because the baby grows fast.

Talk to Your OB

Talk to your doctor about how you prefer to have your bill through the nine months of pregnancy. Will it be monthly or with a flat rate? Then, weigh which option will save you more money.

Money Management Habits

Create money management habits. Include a budget for your fixed expenses, savings contribution, flexible expenses, and money for leisure. Check where you can reduce costs while still living within your means.

Paid Maternity

Get 16 weeks of Government-Paid Maternity. You have a week before your expected delivery date and 12 weeks after childbirth. Your employer is mandated to pay you for the first 8 weeks of maternity leave. Pay after that is voluntary. Do not hesitate to ask your HR about it. Government-Paid Maternity Leave offers cash benefits employed for at least 90 days in the 12 months before your child’s birth. Also, you have a Shared Parental Leave.

Medisave

A Medisave account with a $3,000 grant is granted to single parents by the government. Single parents can be unwed, divorced and widowed.

Medisave (drawn from your CPF) can defray the cost of maternity packages. Know your contributions. Also, check if your chosen hospital has affiliations with Medisave. In addition, the amount you can use will depend on your contribution.

If you have a normal delivery, usually Medisave will deduct $1200 from your expenses on a maternity package. But if you have other health insurance, talk to your provider about their coverage. Check if they cover some packages you can use.

Having a baby in Singapore with edisave

Wish List

Ask family and friends for baby accessories for gifts. Don’t forget to make a wish list. Instead of buying stuff you can get as a gift, you can save money for your child’s future expenses, such as milk, formula, and diaper. Do not hesitate to ask to hand me downs from family and friends who had babies. Clothes and shoes and good second hands. After all, your baby can outgrow them in a few weeks.

Work Arrangement

Plan your work arrangements so your childbirth won’t affect your work. Talk to your employer before you have your maternity leave about your infant care arrangements. Your working schedule might change since you already have a child to take care of. If you are self-employed, weigh if you can afford an assistant to help you out.

Having a baby in Singapore can bring a great impact on your expenses. Therefore, it is crucial to plan before the baby comes out to avoid future financial problems. Of course, you can ask your family and friends for help. However, if there is nowhere to turn to in an emergency, you can find a legitimate moneylenderAlso, check their offered personal loans, such as Cash Mart, which offers loans that can best fit you. Cash Mart approves personal or payday loans in a day and even offers a 7-day guarantee, ensuring that you also get the best customer experience just like you want only the best for your child.

Should you be Enticed with UOB Car Loan?

Should You Be Enticed With UOB Car Loan?

Should you choose the UOB Car Loan?

The Monetary Authority of Singapore (MAS) eased the restrictions on car loans in 2016. With Singaporeans heaving a sigh of relief, you should mainly take more time considering which loan you will take. Yes, you are bound to get a car loan, as most of us do.

Why not? It makes a car seemingly affordable. Also, you can take out your new wheels just by paying the downpayment and other corresponding fees.

In addition, car loan promos sprouted to attract more buyers. It includes the UOB Car Loan. With the normal car loan, you will have fixed monthly amortization for 7 years.

UOB Normal HP Car Loan

UOB offers its car loan to Singaporean citizens and permanent residents. The minimum age is 21 years old. Also, foreigners may apply. But it requires them to have a qualified guarantor who is a Singaporean citizen.

UOB Car Loan Requirements

If you want to apply, make sure you can present your:

  • Valid ID or passport,
  • Purchase Order acquired from the car dealer,
  • Latest Income Tax Notice of Assessment, latest payslips or IR8A Form, and
  • A copy of LTA Vehicle Information (if you are buying a used car)

UOB Car Loan Interest Rates

Do you want to buy a new car? When you look at the advertised interest rate per year, you’ll see the inviting figure of 3.250%. However, you must consider the effective interest rate per year. Usually, it is 6.170% up to 7.040%. On the other hand, used cars even have a higher Effective Interest Rate, from 7.270% to 8.390%.

Of course, you must follow the new regulations. UOB’s longest loan tenor is 7 years. But it had a margin loan amount of up to 70% of the purchase price.

UOB HP50 Car Loan

Now, let’s look at UOB’s promotional car loan called HP50 Car Loan.

Why HP50? Because you are just required to pay 50% of your amortization! Pay half the amount of your monthly repayment for 59 months. It is the fixed term for this promo. Also, note that this promo is only applicable for brand new cars.

What happens after serving your monthly instalment for 59 months? Will the bank just let you keep your car without paying the rest? Nope! (No bank will be that generous.)

You will choose among three options:

  1. Trade your car at the same dealership
  2. Pay the loan balance plus interest on the 60th-month instalment
  3. Have a Sell and Lease Back scheme with your dealership

How does it really work?

Suppose your new car’s purchase price is $200,000. The HP50 loan quantum is 50%. It makes your maximum principal loan $100,000 to be settled in 5 years (60 months).

  • Interest flat rate: 3.50%
  • Principal plus interest rate at the end of the car loan: $117,500
  • UOB Normal HP Car Loan
  • $117,500 / 60 months = $1,959 a month from 1st to 60th month
  • UOB HP50 Car Loan
  • $117,500 / 59 months = $1,991.5
  • $1,991.5 / 2 = $996 from 1st to 59th month
  • Your 60th month instalment is : $58,736

If you apply for UOB HP50 Car Loan, you must borrow at least $50,000. But it only allows up to the maximum amount of $400,000. So it fits most of the current car prices in Singapore. Sounds tempting, right?

Limitations:

The HP50 Car Loan is limited to only new cars. If you are considering a used car, you will have to apply for the usual car loan. Another limitation on the promo is the amount you have to settle on the 60th month. Should you want to keep the car, you have to find a way to pay the balance. It will be an advantage if you have enough savings. But shedding such an enormous amount might dent your monthly budget for some time.

Taking out a car loan is not an easy matter. It takes serious consideration of your future finances. Are you ready to take on such financial responsibility?

With Cash Mart, you are one step ahead of bringing home your dream car. Apply for their personal loan to secure funds for it. 

What You Need to Know About Singapore Fast Cash Loans

What You Need To Know About Singapore Fast Cash Loans

Are you in need of fast cash loans? However, you have no idea how. You need to know if you plan to take out this loan in Singapore.

Bank loans have been slipping down to 2.2% compared to last year’s figures. Meanwhile, the number of Singaporeans applying for personal loans from private money lenders has increased. However, we have to face the truth. Banks ask for a long string of requirements and take a few days before you can get the result of your application.

If you have an immediate need, you prefer a faster solution. Luckily private money lenders offer it for you. 

If a financial crisis crept in without any warning, do not fret. You have a handy solution you can use anytime: cash loans.

Who can Avail of Fast Cash Loans?

Fast cash loans are short term unsecured loans. It aims to give Singaporeans the ability to solve their money needs as soon as possible.

Singaporeans and Permanent Residents can apply for cash loans. But, they need to meet the licensed lender’s eligibility requirements. Most moneylenders prefer their clients to be at least 21 years old with a regular stable income.

What are the Fast Cash Loans Used for?

Fast cash loans are prominently known to bridge over the basic needs of an individual a few days before payday. But, do you ever run short of cash while payday is still around the corner? Then, you begin to panic with your unpaid bills, list of groceries to buy, and utility bills to settle.

Since fast loans are flexible, you can use them in any way you want. For example, it includes an emergency medical bill not covered by your insurance. Also, it covers sudden accommodation needs or a luxury bag on limited sale. Plus, you can even send it to your kid studying abroad.

Why Get Fast Cash Loans?

Quick loan process

Banks are prominent financial institutions with strict regulations. So it is not surprising that they require a lot of documents from loan applicants. We all know lending is a risky business. So banks play safe by taking their sweet time to check your credibility. Also, they review for information consistency. In addition, they look into your credit history.

Foreigners have a thin line of hope when applying for a loan in a bank. Their credit history in their homeland has very little significance. Fortunately, licensed money lenders in Singapore require minimum documents. It makes the validation and loan process faster. Thus, securing the cash disbursement is possible in just a day.

No credit score check

It is no secret that banks greatly depend on the credit score to evaluate a potential client’s creditworthiness. However, each financial institution that provides lending services has its discretion in rating a credit report.

If yours has been deemed poor credit, your loan application will have been rejected. It simply means that if you have no credit history. Or worse, you have been a bad payer in the past. Therefore, you have a very slim hope to get your loan application approved.

On the other hand, there are a lot of money lenders who still lend to bad credit clients.

No required asset

Immediate cash loans are unsecured short term loans. Therefore, you do not need any assets to have collateral, which your loan amount will mostly depend on. It is good news for Singaporeans who do not have an asset qualified for collateral.

Can fix your credit score

Make sure you are borrowing from a licensed money lender to report your payment to the Credit Bureau Singapore. In addition, use a fast cash loan to build up your credit score. Ensure you will always pay on time.

Furthermore, it will take months to years to fix a credit report. But with a legit money lender, you can get a loan right away. An excellent credit score is one of the primary keys to getting a bigger loan.

Interest rate capped at 4%

The Ministry of Law implements strict rules and regulations on moneylenders. Starting on 1 October 2015, the interest rates on any loan are capped at 4%. It is regardless of the borrower’s income and which type of loan has been approved.

ministry of law | fast cash loans

Things to Check Before Starting your Loan Application

Know that every loan application in both banks and licensed money lenders is recorded in your credit history. If you keep applying to every lender you’ll see, it might ruin your credit score. Instead of passing your application and waiting for contracts before deciding which one you will accept, it is better to use an online calculator.

Before submitting your application, it is best to check your preferred loan amount using an online loan calculator. You can see the interest rate, loan terms, and repayment amount. Also, find out about the money lender’s reliability and reputation. Finally, start reading reviews, asking your friends and family, and checking its website.

Requirements you are expected to pass.

Licensed money lenders ask for fewer requirements than banks’. However, you are still required to pass your valid ID, payslip, and proof of billing.

While you can quickly apply for a fast cash loan online, you still have to go to the money lender’s business office. You are responsible for logging in your SingPass details. Remember, nobody should know your SingPass information as it is very personal.

Borrowing Tip:

Beware of loan sharks. These are lenders who take advantage of those in a financial crisis. Meanwhile, a legitimate money lender will provide a loan to help you solve your temporary financial problem.

A loan shark will enthusiastically provide a loan with very high interest. As a result, it sucks all your money and keeps you in financial peril.

MOL mandates licensed moneylenders to only advertise through their company websites and in their own office space. Advertisement aside from websites is from loan sharks pretending to give the best loan solutions. Licensed moneylenders only advertise on their websites. Get their address, phone number, and license number.

Get it from Cash Mart, Singapore’s reliable money lender with years of experience and a long list of satisfied clientele if you need a Fast Cash Loan.

Top 3 Ideas to Get Emergency Cash in Singapore

Top 3 Ideas to Get Emergency Cash in Singapore

Emergencies happen. Fortunately, we have available emergency cash in Singapore. Here are the top 3 ideas where to get them.

Where do you get your instant cash when sudden needs arise?

Of course, you would first need to calm yourself. It helps you in finding a way to get your funds. You can easily compare your options. Therefore, you can find the best answer to your financial problems.

Which one would be the most accessible and safest among these options? 

Let’s find out the most suitable emergency cash in Singapore for you. 

Credit Card Cash Advance

If you have a credit card, you also have that key to get cash from any affiliated ATM on the island. It will directly charge the withdrawn money on your credit limit.

It is so easy. You just need to key in the one-time PIN. Remember that you should withdraw within the cash advance limit. It is lower than the credit limit of your credit card.

Limitations:

The feature is only for credit cardholders with good credit standing. It means that you take your responsibilities seriously. Also, you pay your monthly credit card bills on time.

Cash Advances are short-term loans from banks. Expect the high-interest rates that come with it. The charge for you starts from the day you have withdrawn the cash. Cash Advance interest rate ranges from 28% to 29.9% per annum.

Speaking of interest rate, cash advance interest rate is compounding. The interest will be charged on the current balance. It is not from the principal loan amount you have withdrawn.

The longer it takes to settle the cash advance, the higher you have to pay. Unfortunately, this can also drag your credit score too.

Credit Line or Line of Credit

The credit line is a pool of cash readily available for you to access. Like with a credit card cash advance, you can go to an ATM and withdraw the money you need. Then, use the cash for any purpose, anytime you need it.

How does it work?

You need to go to your bank and request a credit line or “line of credit.” The bank will require you to provide the documents required. It is essential to evaluate your creditworthiness. Then, you have to wait for a couple of days to get approval.

Limitations:

You might say that you can access cash instantly. But in reality, you need to apply for it and wait for a few days.

Once approved, you will get an ATM card. You will use it to access the cash on the credit line account. You can borrow any amount without a withdrawal fee. But, there is an annual fee whether you use it or not.

In addition, you need to have a good credit standing for the service. Banks are very risk-averse when it comes to loans. As a result, some banks may require collateral. Meanwhile, others just offer this to their longtime customer.

Instant Cash Loan in Singapore

Personal loans from registered moneylenders are one of the best options if you need emergency cash in Singapore. In addition, the loan process is faster than the bank’s personal loans.

A loan company in Singapore usually offers short-term loans. The best part is that you can pay either weekly or monthly. It all depends on your preference. Also, you may use loan calculators. It helps you know how much you can borrow, the interest charges and the number of monthly instalments.

Moreover, some moneylenders process loans online. As a result, it is way faster than before. The online process can take at least 30 minutes up to 24 hours.

Limitations:

You must be careful when choosing a moneylender. First, make sure you are borrowing from a registered moneylender. So check the Registry of Moneylenders found on the official website of the Ministry of Law.

Licensed moneylenders are helpful in times of need for emergency cash in Singapore. However, there are loan sharks who pretend to help you financially. But later on, it will only suck on your finances. Learn how to spot a loan shark to avoid falling prey to their scam.

Conclusion

When it comes to accessibility, personal loans can be your best bet. However, if you need emergency cash in Singapore, you may use credit cards mindlessly. Also, the inability to pay your dues on time will put you in more financial distress.

A credit line requires you to have a good credit standing. Plus, you need an existing credit line account to use it. However, opening a credit line account will take days. Luckily, personal loans only take hours.

When getting emergency cash, learn the benefits and limitations of your options. It is best to shop around for the best solution despite the emergency situation’s pressure.

And no matter what is the reason for the loan, make sure that you read all the terms and conditions to avoid mistakes. Yes, there is a serious need for emergency cash in Singapore. But, you must not let this need be your financial downfall.

Also, it is still recommended that you maintain emergency funds. While it is helpful to find ways to borrow cash, having cash savings is undoubtedly one of the most beneficial.

The Worst, Best and Highest Paying Jobs in Singapore this 2018

The Worst, Best and Highest Paying Jobs in Singapore this 2018

The Worst, Best and Highest Paying Jobs in Singapore this 2018

(Updated 24 January 2018) Are you looking for new work? Check out the list we made. Find out the worst, best and highest paying jobs in Singapore this 2018.

Once again, Singapore topped the Economist Intelligence Unit’s pricing index.

The British news site, The Economist, named Singapore the costliest city to live in.

According to its Worldwide Cost of Living Survey, the city-state surpassed more than 130 cities based on a person’s needs, from essential grocery commodities to the cost of transportation fares.

A basic lunch menu with drinks can cause USD 9, and an 8km taxi trip can also cause USD 9. Renting a 45m2 apartment can cause USD 2,108 a month, while utilities can average USD 106 monthly.

RELATED: 10 Popular Part Time Jobs in Singapore

Living in Singapore means that you can enjoy life in a first world country with the benefits of world-class transportation and living areas; However, you have to get a good job with stable pay to survive.

highest paying jobs in Singapore

 

Top 10 Highest Paying Jobs in Singapore

Listed below are the highest paying jobs in Singapore. Find out which one might fit your knowledge and skills. 

10. Legal Secretary

Salary Ranger per Month: SGD 4,000 – SGD 8,000 (USD 2,895 – USD 5,790)

Expected Tasks if Hired: Legal secretaries perform secretarial tasks in law offices. Also, you write legal documents such as summons, and subpoenas, motions. You also have to do standard secretarial duties such as answering calls or emails, greeting clients, and transcribing data.

RELATED: Payday Loan in Singapore from Top Licensed Money lenders

9. Settlements Manager

Salary Range per Month: SGD 5,000 – SGD 8,300 (USD 3,619 – USD 6,008)

Expected Tasks if Hired: As a Settlement Manager in the banking and finance industry, you will facilitate treasury settlements, ensure accurate and reliable cash flow, as well as pool price forecast. To do this, you have to be responsible for managing staff in a fast-paced, detail-oriented environment with strict deadlines.

8. Finance Manager

Salary Ranger per Month: SGD 5,500 – SGD 9,000 (USD 3,980 – USD 6,514)

Expected Tasks if Hired: Your tasks may range from interpreting cash flows to providing future expenditure plans. Yes, it would help if you predicted future trends through data analysis. As a financial adviser for a company, you need to be updated, farsighted, driven to expand the business.

7. Digital Marketing Manager

Salary Ranger per Month: SGD 6,000 – SGD 10,000 (USD 4,343 – USD 7,238)

Expected Tasks if Hired: You must manage multiple campaigns using various digital marketing techniques such as paid SEO (Search Engine Optimization), social media, and well-designed websites. You have to bring relevant marketing developments to ensure that your target clients know the brand (and its products or services). Simply put, you need to squeeze your creative juices to entice new customers towards the brand you are promoting.

6. Finance Compliance Manager

Salary Range per Month: SGD 8,000 – SGD 10,000 (USD 5,790 – USD 7,238)

Expected Tasks if Hired: You must be up to date with all legal regulations that can affect your company. Then, you need to ensure that every staff complies with the new law through proper training and seminars. Plus, it would be best to meet seminars annually because no company wants to cross the laws and get in trouble unknowingly.

5. Quality Lead or Manager

Salary Ranger per Month: SGD 6,000 – SGD 10,000 (USD 4,343 – USD 7,238)

Expected Tasks if Hired: Are you a meticulous person? Quality managers ensure that the company meets customer expectations. The products or services provided must be consistent and meet every laid out requirement. You have to set up and maintain control and documentary procedures to do this.

RELATED: WorkRight on the Move – What Every Employed Singaporean Should Know

4. IT Security Consultant

Salary Ranger per Month: SGD 7,000 – SGD 10,000 (USD 5,067 – USD 7,238)

Expected Tasks if Hired: Does the cyberwar against hackers entice you? Data security is becoming more valuable than ever. Most companies rely on online systems, emails, and transactions. Even businesses that process their clients’ requests and inquiries through their websites.

As this trend grows, the demand for IT Security Consultants or Specialists increases. As an IT Security Consultant, you have to focus on understanding your company’s data risks. In addition, you need to analyze possible security breaches and strengthen the system to avoid them from happening.

3. Scientific and Regulatory Affairs Specialist or Manager

Salary Ranger per Month: SGD 4,000 – SGD 12,000 (USD 2,895 – USD 8,685)

Expected Tasks if Hired: Being a Scientific and Regulatory Affairs Specialist, you need to have a vast knowledge of scientific, legal, and business issues. It ensures that any product developed, manufactured, or distributed by your company do not go beyond the bounds of the law.

People with this job usually have a solid knowledge base and skill set in science, writing, and reading comprehension. They also have an in-depth understanding of the legal matters concerning the company. They are usually in the healthcare and pharmaceutical industry.

2. FinTech Developer

Salary Range per Month: SGD 7,500 – SGD 12,000 (USD 5,428 – USD 8,685)

Expected Tasks if Hired: You will need to design and develop financial application tools to help individuals manage their finances in a breeze. As a financial tech developer, you have to foresee ways to make digital financial transactions easy and (of course) secure.

1. Finance Controller

Salary Ranger per Month: SGD 8,000 – SGD 15,000 (USD 5,790 – USD 10,857)

Expected Tasks if Hired: As the Finance Controller, you will be responsible for banking and finance activities, insurance recommendations and related purchases, proper reporting and payment to all taxing authorities, and corporate documentation. Simply, you need to ensure that proper accounting is done and your company is profitable.

RELATED: Need a Job? Here are 5 Steps to Make Catchy Resumes

Although the tight competition will make these jobs difficult to get, these highest paying jobs in Singapore have favourable salary rates. So if you want to go to Singapore and have a higher chance to get hired, you better check the list of in-demand jobs. These jobs always have a lot of vacancies.

Most In-Demand Jobs in Singapore for 2018

As we welcomed this year, here are the high demands on:

Service and Sales Workers

It holds 23.5% of job vacancies in Singapore. Shop sales assistants, receptionists, customer service, information clerks, and security guards are the most in-demand. People looking for this job must have a lower secondary education level. Most service and sales workers get SGD 3,000 (USD 2,171.40) a month.

Associate Professionals and Technicians

Teaching and training professionals, software, web, and multimedia developers are examples under this category. Also, they are the most sought-after employees in this category. Therefore, employers usually require specific work experience and a diploma.

Cleaners, Laborers and Related Workers

These are jobs usually passed up due to the work environment, physical strain, and unattractive pay. However, more than 900 vacancies remain for cleaners in some Singaporean establishments. One of the reasons is the low salary in this category which ranges from SGD 1,000 to SGD 2,800 (USD 723 to USD 2,024).

Managers and Administrators

It is a must to have specific job-related experience and a diploma. Singapore employers need more than 4,000 management executives, commercial and marketing sales managers, and other jobs in this category. One of the hindrances for filling the job vacancies is the lack of qualified candidates.

Clerical Support Workers

These jobs are generally related to assisting with how a company functions. They are under an administrative assistant and can be assigned basic tasks such as answering calls and emails. This job category has around 3,000 job vacancies.

Plant and Machine Operators and Assemblers

They operate and monitor industrial or agricultural motor vehicles and machinery. It involves physical strain, making it unattractive, especially for young workers. There are almost 3,000 job vacancies in this category.

Craftsmen and Related Trades Workers

It takes up 3.8% of job vacancies in Singapore. However, some employers may seem to offer unconducive working conditions.

According to the Ministry of Manpower, the Services Industry has the most vacant jobs. A total of 83.5% of job vacancies is needed to be filled up. It includes accommodation, personnel, and Food & Beverage Services.

Most Singaporeans would instead not take up these vacant jobs. Why?

Ministry of Manpower (MOM) shared these top reasons:

  • The pay is unattractive.
  • They prefer a shorter workweek.
  • They think the job is physically strenuous.
  • The preference is not to do shift work.
  • They find that the working environment is not conducive to them.
  • Finally, they find the image of the sector poor.

Since the listed in-demand jobs in Singapore are less appealing to certain Singaporeans, this raises opportunities for foreigners to live in Singapore and find a job in these categories. People from third-world countries would also get even the least paid jobs.

Salaries ranging from SGD 450 to SGD 1,835 may seem low for Singaporeans, but foreign employees consider this enough for them to send money back home to support their families.

Top 5 Least Paid Jobs

Room Attendant and Receptionist

Salary Range per Month: SGD 1,304 – SGD 1,797 (USD 942 – USD 1,300) a month

With billions of tourists visiting Singapore each year, most of them are demanding, and there are fewer servers to attend to them. There are usually no requirements, but some hotels look for training certificates. Some attendants and receptionists also do jobs from other departments due to understaffing.

Nail Technician

Salary Range per Month: SGD 1,200 to SGD 1,800 (USD 867 – USD 1,800) a month

They take care of the clients’ hands and even massage their feet while building a good customer relationship. However, some clients still become irate with hard work and valuable skills to treat nails, hands, and feet. Of course, nail technicians still have to keep a smile despite the demands and mood of the customers.

Service Crew and Waiter

Salary Range per Month: SGD 1,000 – SGD 1,835 (USD 723 – USD 1,326) a month

Keeping a restaurant tidy and smoothly is no joke, especially if the shop is understaffed. A service crew takes and serves orders, cleans and sets tables, and even handles the cash register. There are no requirements for this kind of job, but under-staffing entails that you won’t have holidays.

Cleaner

Salary Range per Month: SGD 1,025 – SGD 1,347 (USD 741 – USD 974) a month

Most Singaporeans will not take this job, it pays less, and the work itself is dirty. On average, the income is USD 700 for half-days. They vacuum, sweep, mop, dust, and clean washrooms. Most Singaporeans would rather let foreigners take this job.

Construction Worker

Salary Range per Month: SGD 450 to SGD 1500 (USD 325 – USD 1,084) a month

Working under the sun’s scorching heat is no fun, especially if the pay is low. It is manual labour that requires physical strength. A construction worker earns USD 450 to USD 1500 depending on the skills and experience.

It does not need detective work to see why Singaporeans are not into these jobs. Job vacancies may be high, but working for low wages is not enticing at all.

RELATED: Where to get a flexible loan for low income earners

Getting a job is vital wherever you are. The salaries may vary, but your survival will greatly depend on how you handle your finances at the end of the day. And whichever job you get, remember that everything will pay off with motivation, dedication, and hard work.

Do you need quick cash while looking for the best highest paying jobs in Singapore? Cash Mart is a legal loan Singapore that lends money to eligible borrowers. 

What Is A Flexible Loan Singapore All About?

What Is A Flexi Loan Singapore All About

What Is A Flexible Loan Singapore All About?

Singaporeans have a Flexible Loan Singapore for the unexpected fund dilemma. Learn more about the loan service through this article.

Flexible Loan Singapore – Eligibility Requirements

Required documents vary based on what qualifications you belong to. 

Eligibility And Documents Needed

  • The loan applicant must be aged 21 years and above
  • Singapore Citizen or Permanent Resident
  • In employment
  • borrower income must not exceed $20,000

For Salaried and Commission-based Employees

  • Identification Card (NRIC)
  • Singpass Login
  • Proof of billing ( Any latest bill indicating residential address)
  • Latest 3-month original payslip (Only applicable if there is no CPF contribution)
  • Letter of employment (Only appropriate for new in their job)

For Self Employed

  • Identification Card (NRIC)
  • Singpass Login
  • Notice of assessment (NOA indicating trade income)
  • ACRA (Accounting/Corporate Regulatory Authority)
  • Proof of billing ( Any latest bill indicating a residential address

For Taxi Drivers

  • Identification Card (NRIC)
  • Vocational license
  • Taxi pass
  • Min 7 days job summary
  • Proof of billing ( Any latest bill indicating residential address)

3 Quick Steps To Apply For A Flexible Loan 

We are committed to providing fast, convenient and affordable loan solutions. So make sure to follow these steps to secure your instant cash. 

STEP 01

Fill up our simple enquiry form here. We will get in touch with you within 1 working day. 

STEP 02

Our loan executives will verify your eligibility and documents. Learn more here.

STEP 03

Sign the contract and expect your cash disbursement.

How Flexible Loan in Singapore can help you

A Flexi Loan Singapore brings convenience for every borrower. Also, it applies to any financial need. So let’s find out how this loan product can help you. 

Instant Cash Loans for Low-Income Earners in Singapore

Cash Mart is the first licensed moneylender in Singapore to introduce a loan product that explicitly benefits the lower-income group.

Now, they provide access to challenging loans. Also, they aid people with an income to interest rates makes repayment even more difficult for this specific group of borrowers.

With our in-depth resources and practical solutions, we have a specially designed Flexi Loan that has drawn much applause even before its launch.

To qualify for Cash Mart Flexi Loan, the borrower must have an annual income that should not exceed SGD 20,000 and have a respectable credit history.

Cash Mart Flexible Loan

Flexible Loan Created Specifically for You

As a leading moneylender in Singapore, we understand the needs of each individual. But, also, each is uniquely different from the other.

Flexible Loan Singapore solves your short term financial worry. In addition, it still gives you substantial financial flexibility to repay without worrying about making ends meet.

Plus, we do not require as much documentation as banks. Furthermore, we offer low-interest rates without hidden charges.

So, there is no need to get in long queues as we can help you process your loan in less than an hour. With a good credit rating, expect to get your loan approved in no time.

Your Moneylender in Balestier  

For more than 4 decades, Cash Mart boasted a long list of avid clients. These are borrowers who enjoyed our high quality and quick cash service.

Experience how our professional team not only help you get the payday loan and personal loan you need. Also, let the loan personnel guide you to effectively manage your finances with tips and suggestions.

For more information, we are just a phone call away. Or if you feel free to visit our Balestier office, personally meet our friendly team of experts.

The Secrets Of Credit Card’s 0% Instalment Plans

The Secrets Of Credit Card’s 0% Instalment Plans

Do you want to know the secrets about credit card’s 0% instalment plans? Read along to understand to become more aware of it.

Many Singaporeans are scared of ballooning credit card balances due to interest rates charged on their accounts. Of course, you can prevent this by paying your credit card dues on time. However, there are still individuals who sometimes forget when they have to pay.

In addition, the bank recognizes that Singaporeans need or whims to make big purchases they can’t repay even with a couple of months’ worth of income. Since there is a demand for instalment plans and a fear of high-interest rates, banks have devised the Credit Card’s 0% Interest Instalment Plans.

Credit Card’s 0% Instalment Plans

The 0% Interest Instalment Plan allows you to make your big purchase with a participating merchant with your credit card. With just one swipe (viola!), you can take home your huge Samsung Smart TV complete with a theatre system or take up a yearlong gym membership. By entering an agreement to use the 0% Interest Instalment Plan, you give the bank authorization to pay the merchant the full amount of your purchase. Then, it is your responsibility to pay off the bank in instalments throughout the agreed term.

You are getting a loan to buy something, and that loan can stretch up to 36 months, depending on the bank. However, like all the benefits credit cards come with, there are terms and conditions you should not overlook. Do not be too confident that you are not paying any interest rate and you are in a win-win situation as all this could turn into a nightmare. You have mistakenly overlooked five facts that could cause you more than you think.

credit card's 0% instalment plans

Credit: https://www.harveynorman.com.sg/customer-services/online-instalment-payment-plans.html

Your purchase has been fully charged on your credit limit.

We all know that credit cards have limits that can depend on your regular income, preference, and the bank’s discretion. When you use the 0% Interest Instalment Plan, the bank is charging the full amount against your credit limit. That is why some banks, such as the Standard Chartered banks, require their cardholder to increase their credit limit. If your credit limit is $6000 and you purchased a luxury bag worth $5,500, only $500 will be left to your credit limit. They will reject any additional purchase worth more than $500 outright. So do not be surprised when a cashier frowns at your declined card.

After your big spending, you will have to sacrifice a few months of inconvenient shopping. However, this is not permanent, as your credit limit will soon return to normal with each paid instalment.

No rewards earned

If you are excited with your earned rewards, AirMiles or rebates from your big purchase, get ready to be disappointed as most banks waive these benefits in exchange for the instalment plan because banks still have to make some money out of you. If they still give you rebates, rewards, and miles, they will lose profit.

Nothing comes for free.

While it is true that you will not be charged any interest rate, most people forget the existing fees that banks can charge you. Some banks do not automatically convert large purchases into IPP. You need to register first and pay an administration fee which can go higher with non-participating merchants. Depending on the bank’s policy and discretion, charges can range from 2 to 6% of the purchasing price.

You can’t cancel the card for free.

Unlike the regular charges when you can just close your credit card account and transfer the balance to another account, you will have to pay the IPP balance in full first, topped with cancellation, termination and late repayment fees ranging from $100 to $150. Also, the terms and conditions indicate that you still have to continue paying the charged amount even if there is a dispute between you and the merchant.

There was a case when a gym named California Fitness suddenly closed through a number of clients who had already fully paid through IPP. However, clients still have to pay the banks since the banks had fully paid the one-year membership fee. Also, if you have bought a defective item by unfortunate chance, you still have to pay the bank since the issue is between you and the merchant.

Early settlement fees

If you thought it was better to settle your balance as soon as possible, you are definitely wrong. Banks charge penalties as high as $150. Banks also usually call this an administration fee because banks need to earn from you.

If you need to make an immediate purchase, Credit Card’s 0% Interest Instalment Plans may be risky. While it sounds inviting, you need to understand its risk. What was a win-win situation that could become a lose-lose in just a snap? Paying with cash can be your other option. Need money for immediate purchase? Get it from Cash Mart today.

Snowball vs Avalanche: Which Debt Payoff Method Is Better?

Snowball vs Avalanche: Which Debt Payoff Method Is Better?

(Updated 10/17/2017) Snowball vs Avalanche is the most common method when getting out of debt. Let’s understand how the two differ from one another.

Nobody wants to be enslaved.

However, you are not financially free as long as you have outstanding debts that keep ballooning.

How do you pay off your debts, including your credit card bills? Would you pay them according to whoever gives you a call first? Do you pay the most consistent collector or pay blindly without any plans?

If you are juggling too many debts, you must seriously consider managing them successfully.

Debt Snowball Method

Do you remember how cartoons portray a rolling snowball catching up on a fictional character down the mountain? It starts small, and then it grows bigger and bigger.

The same goes for the Debt Snowball Method. Dave Ramsey, an American businessman and radio host, has popularised this method.

Simply:

  1. List your debts from least to greatest amount.
  2. Pay off the least amount first while paying the minimum required amount on the other higher debts.
  3. Cross out the paid off debts, then focus on the next debt on the list.

Why does it work? Because it has strong psychological power.

Aggressively paying the smallest amount first can give a psychological boost, and you can immediately cross out the debt. After crossing it out, you can use the extra cash to pay off the next debt on the list.

Seeing that you are finally making things work can give you a breather.

Debt Snowball Calculator

When using a Debt Snowball Calculator, you can easily manage your debt reduction. With these calculators, you have to enter the creditor or lender, the amount owed, interest rate, and payment amount per instalment.

The calculator will tell you how much the interests cost, the number of instalments payments left for each debt, and the total balance owed. This way, you can track your expenses in just a breeze.

If you have a car loan, do not include the monthly tax and insurance because you still have to pay for these long after paying off the car loan.

Debt Snowball App

  • Debt Manager gives a quick summary of all debts through the Percentage Progress Bar, Early Payoff Date, and Interest Savings. In addition, you can view your debts in pie charts either by category or remaining amount. This app work on iPhone and is passcode protected for your financial security.
  • Debt Payoff Pro has its Mortgage Calculator, loan calculator, and Payoff Date Calculator. In addition, it can show you how each payment can affect your payoff date and total interest paid.
  • Debt Snowball calculates the total debt amount and interest you will have to pay. It will show you how your minimum payment can decrease the amount of time to pay off all of your debts.

Debt Avalanche Method

Some people like the Debt Avalanche Method more than the Debt Snowball Method.

This method prioritizes the highest interest rates first.

Simply:

  1. List your debts from highest interest to the least.
  2. Write the minimum payment on each debt.
  3. Knock off the debts towards the minimum interest rate.

Since the highest interest rates will be the ones to be crossed out first, you can save on the interest charge. Here in Singapore, registered moneylenders have lower interest charges. The Monetary Authority of Singapore mandates moneylenders to have a statutory cap on interest rates. They can only charge up to 4% on unsecured loans, unlike ah long lenders who will charge skyrocketing interest on their victims.

RELATED: Illegal Money Lender and Loan Shark Scams to Watch Out in Singapore

While it seems more logical than the snowball method, the avalanche method will take more time before you can cross out debt on the list. It could take months, and you must not lose focus.

Avalanche Debt Reduction Calculator

With an Avalanche Debt Reduction Calculator, you can quickly see how fast you can get out of debt. Of course, we know that getting out of debt is not easy, but having a plan and seeing how each payment can help you settle your debt can strengthen your determination.

If you prefer Google spreadsheet, you can get some versions for free. However, if you want a well-detailed calculator, you need to purchase it online.

Debt Avalanche App

  • Undebt.it can help you track your due dates while also prioritizing your credit list in Debt Avalanche Method. You will also see your monthly progress aside from the overall progress.
  • Unbury.Me can let you compare the two debt reduction strategies. You can view the difference in the total debt to pay. You can also view the date and the total interest you have to settle.

From here, you can figure out how Snowball vs Avalanche works. Always assess your finances which is the best method to pay off your debts. 

Snowball vs Avalanche: Manage Your Finances Freely

There is a chance that the method which works for a friend or relative will not fit you. We all have different financial circumstances.

Let’s say you want the avalanche method because the debt payment period is shorter, but you could easily lose focus. But then, it might not work because it could take some time before you can cross out debt on the list.

Also, you must not underestimate the psychological boost the snowball debt reduction strategy can bring. This method may take longer, but you can immediately cross out debts on the list.

In the end, both methods will work only if you focus on your goal: managing your finances freely.

You can even build a healthy credit score when you pay your loan on time. Everyone needs a loan. Even affluent entrepreneurs get a loan to keep their businesses thriving. Furthermore, it is advisable to regularly keep a credit not exceeding more than 20% of your total yearly income. Why?

If you do not have a good credit history, banks will have difficulty knowing if you are creditworthy. Skilful management of credits will take you a long way. You can get your loan approved, have a higher loan amount and even get a better deal than those with bad credit scores.

Fortunately, some legal moneylenders look beyond your credit report. For example, Cash Mart approves a payday loan for eligible borrowers. 

RELATED: A Cheat Sheet in Improving Your Credit Score

Do not be a slave to your debts forever. In fact, you should use it to your advantage!

POSB iBanking Guide For First Timers

POSB iBanking

POSB iBanking Guide For First Timers

POSB iBanking is now called POSB Digibank, with more than 150 online banking services all in one place. From opening a new savings account to transferring funds to almost any other bank in Singapore, you can surely handle it smoothly with POSB iBanking.

Upon signing up, you will access the full range of banking services such as eStatements, PayLah! and SMS Banking. It is simple, secure and always available.

POSB iBanking in Singapore

What are The POSB iBanking Eligibility Requirements?

You have to be at least 16 years old and currently have a personal or any joint-alternate account of:

  • DBS AutoSave Account
  • DBS Current Account
  • POSB Savings Account
  • DBS Savings Account
  • DBS Savings Plus Account
  • POSB Current Account
  • DBS Cashline
  • DBS Home Loan with Servicing Account
  • POSB or DBS Credit Card/Debit Card

POSB iBanking Registration

You can register for POSB iBanking via four (4) channels:

  • Online at dbs.com.sg/bankonline,
  • Digibank mobile app by selecting on “Get Started”,
  • any DBS/POSB Branches, and
  • by calling the Contact Centre at 1800 111 1111

You will need to identify yourself with your Debit/ATM Card Number or Credit Card Number for online registration. This series of numbers is in front of the card.

You will also need to provide your mobile number and email address during registration.

What are The Benefits of POSB iBanking

Effortless Application

You can register using your personal ATM card (DBS Bankcard, ALUMNUS card and POSB ATM cards), debit card, or credit card. Once you have registered, you can start accessing your accounts online.

Quick Bank Access

You can easily access your latest banking information on both your POSB and DBS accounts. In addition, you can instantly see your deposit accounts, cards, investments and credits.

POSB Security Features

The intuitive navigation toolbars ensure smooth online services. In addition, the built-in security features protect every banking transaction and activity you do with POSB iBanking.

  • In addition, POSB provides 100% security on your funds by covering them under the Money Safe Guarantee. Furthermore, if authorised access and transaction are done in your account, POSB will repay the money taken from your account.
  • You can also set and customise your email and SMS notifications. For example, whenever you perform selected transactions, POSB will alert the moment transactions occurred and exceeded the amount you specified.
  • The iBanking OTP serves as an additional security feature with a One Time Password authorisation. That is why you have to register your mobile number with POSB to receive a digibank OTP every time you make a transaction.

Fast

Getting your latest account information is just a breeze. You can even complete your banking transactions online to avoid the hassle and effort of queuing.

Anytime, Anywhere

You can do any banking transactions anywhere you are. You can also access your DBS and POSB monthly statements any time of the day.

Money Saver

POSB offers discounts when you use selected internet banking services.

Accessible

There is no need to worry about compatibility hardware. POSB iBanking is designed to run even with a PC with the minimum configuration.

Free of Charge

The standard commission or transaction fees for some services such as purchasing of cashiers’ order, demand draft or travellers’ cheque still applies. Still, the use of the iBanking services themselves and sign-ups are free.

How to Log In to digibank Online for the First Time

Use your temporary User ID and PIN when logging in for the first time. Also, you must register your DBS iB Secure Device once you receive the prompt.

1: Enter your temporary User ID and PIN

2: Tick the box to accept the Terms and Conditions of Electronic Services

3: Click “Next.”

4: Key in your preferred digibank User ID

5: Click “Next.”

6: Click “Submit.”

What is iBanking OTP?

The iBanking One Time Password (OTP) is a security feature introduced by DBS for DBS and POSB account owners with online banking access. It is essential to have your active mobile number registered with DBS or POSB to receive your iBanking OTP via SMS. You can use the iBanking OTP for the following services.

SMS Login

You will receive a 6-digit OTP via SMS. SMS Login with iBanking OTP is a new feature introduced in 2012. It is an alternative second-factor authentication on top of using your iB Secure Device.

Banking transactions

The bank will send a 6-digit OTP to your registered mobile number via SMS. Then, it authorises and completes the selected banking or online transactions, such as updating personal information and contact details.

Bank notifications

Also, they will send SMS to your registered mobile number once your online transactions have been completed.

You will not receive an iBanking OTP for online transactions if your mobile number is not updated correctly or the 3D Secure™ technology does not support the merchant website you are transacting on.

You will need your registered mobile number to add a payee, transfer funds overseas, pay bills, update personal details and update your mailing address.

Also, you will need your iBanking OTP and your iB Secure Device. It authorises changes to your personal and contact details, manages alerts, adds new cheques, and demands draft recipients.

How to Change POSB iBanking PIN

You can change your iBanking Pin on the iBanking platform. Simply click “Preferences” on the top right-hand corner to access the “Change iBanking PIN” service. You will be required to key in your iBanking OTP before accessing this service.

Your DBS iBanking PIN and your Credit Card or ATM PIN are not the same numbers. Changing your iBanking PIN does not alter your cards’ PINs.

How to Use iB Secure Device

The iB Secure Device keeps your transactions secured and safe from any fraudulent activities. Certain transactions require specific buttons on the device.

On the other hand, to access services such as Transaction History, Bill Payment or Funds Transfer, you will need an iBanking OTP sent to you via SMS. Otherwise, press and hold the DBS logo on the iB Secure Device button.

How to Replace DBS iB Secure Device

In case your DBS iB Secure Device has been damaged, you can request a free replacement in three ways.

Via Video Teller Machine (VTM)

Follow the steps below.

1: Proceed to your nearest VTM and complete the authentication process with your NRIC, passport, or ATM/Credit/Debit card.

2: Select “iB Secure Device.”

3: Tap “Yes” and select “Reason for Replacement.”

4: Collect your new DBS iB Secure Device

5: Register the new device

6: Scan the barcode

7: Key in the 6-digit iB Secure PIN

8: Press “Confirm.”

Via digibank Online

Do the following steps. 

1: Log in to your iBanking account

2: Select “Request” and then “More Requests.”

3: Tap “Other Services” and select “iB Secure Device Replacement.”

4: Click “Login with SMS” and then choose “Get OTP via SMS.”

5: Key in the OTP sent to you via SMS

6: Click “Login.”

7: Select “Reason for Replacement.”

8: Click “Next”, then “Submit.”

Via digibank Mobile

Ensure safe transactions with these steps. 

1: Log in to digibank

2: Select “Settings” and then “Request New iB Secure Device.”

3: Tap “Request/Replacement Reason.”

4: Verify your Mailing Address

5: Select “Reason for Replacement.”

6: Click “Submit.”

If your request via digibank Online/Mobile, they will send your new DBS iB Secure Device to your mailing address within 3-5 working days

Final Thoughts on POSB iBanking

POSB iBanking lets you Make a Transfer, Manage Payments GIRO Arrangements, Top Up, Redeem Rewards, Manage Investments, Apply to New Accounts, and Update Personal Details and Preferences. Each transaction is safe and secure with iBanking OTP.

Managing your banking transactions has become more convenient. However, it is still your responsibility to be financially savvy to manage your overall finances.

And when it comes to convenience, getting a loan is just as smooth if you apply in Cash Mart. Cash Mart provides flexible online loan solutions for every Singaporean whenever you need them.

POSB Everyday Card: Learn The Credit Card Fees

POSB everyday card

POSB Everyday Card: Learn The Credit Card Fees

Are you considering the POSB Everyday Card?

Before you sign up, you need to know if this is the right card for you. You might have heard the POSB Everyday Card is the only card you will need to get maximum cashback while spending on what you usually pay. But it is really worth it?

POSB Everyday Card Requirement

Get your POSB Everyday Card. You have to be at least 21 years old with a minimum gross income of $30,000 a year. If you are a foreigner, your annual income must be at least $45,000.

For salaried employees, you have to prepare photocopies of these documents. These are your NRIC, latest Income Tax of Assessment, half-yearly CPF Statement of Account, or computerised payslip.

Suppose you are Self Employed, Commissioned or Variable Income Earners. In that case, you will need 12 months’ CPF Statements or the Latest 2 years’ Income Tax Notice of Assessment in addition to the photocopy of your NRIC.

If you are a Foreign Applicant, you need to present the photocopies of your E- pass, passport, computerised payslip and Company Letter certifying Employment. Your Company Letter must not be more than three months before applying for POSB Everyday Card.

POSB Everyday Card Benefits

  • 5% cash rebate on overseas spend
  • Up to 20.1% savings on petrol at SPC
  • 5% cash rebate on groceries at Sheng Siong
  • 3% cash rebate at Watsons
  • 1% cash rebate on recurring utility bills from SP Services
  • 1% cash rebate on recurring StarHub mobile/digital cable/broadband bills and in-store purchases
  • 3% on everything else

posb everyday card

POSB Credit Card Charges

  • An outstanding balance of $50.01 & above charges a Late Payment Charge of $80.
  • If you miss paying the POSB Everyday Card monthly bills, you have a charge with the prevailing interest rate of 25.90% per annum.
  • If you have used the Cash Advance service, you should not be surprised by its charge. It is 6% of the amount you have withdrawn. The minimum charge is $15. And aside from the Cash Advance Fees, you will also be charged with a prevailing interest rate of 28% per annum. This interest rate is chargeable on a daily basis.
  • The Minimum Monthly Repayment is 3% of the statement balance or $50 in addition to any overdue amount. You can avoid the late payment charge by paying the minimum monthly repayment. However, you will still be charged with interest rates.
  • The annual fee is $128.40 for a principal card, while each Supplementary card costs $64.20.

Did you notice something? Or did you just get excited with the high cash rebates?

When you look at it closely, the high cash rebates are only given to those who will use the POSB Everyday Card to specific merchants. Cash rebate will be awarded on a maximum spend of $1,000 a month at Sheng Siong.

If you are not a usual shopper in Sheng Siong and Watsons and don’t usually refuel at SPC, you should shop for another credit card.

Dining also is not included with earning cashback. If you are into dining out with family and friends, you can’t earn rebates from these expenses. Then, if you don’t shop in partnering merchants, you will only receive 0.3% cash rebates.

Is it worth it with all the charges if you can’t maximise the cash rebates? Choose the card that will fit your lifestyle best.

If you need to make an immediate purchase that you want to pay in instalment, you can apply for a quick cash loan in Cash Mart. It is a Singapore loan company that strictly abides by Minlaw. Thus, it ensures you a safe transaction.