Making use of unsecured credit lines can be dangerous if one uses them to buy things he or she cannot afford. It can quickly snowball into a deadly spiral of multiple debts if left unwatched. Nevertheless, they can be useful if someone uses them to pay off another debt which has a higher interest rate. […]
Maybank is currently having a credit card promotion. From now till 31 December 2008, simply apply for any Maybank Platinum Credit Card and enjoy 10-Year Annual Fee Waiver S$100 cash credit to your Card Account upon your first card spend within one month of receiving your Card This promotion is available for new applicants who […]
In the current financial climate, companies find it harder and harder to obtain credit. Refinancing of existing debt is also done at a higher cost. Ironically, access to capital has never been easier for consumers. Banks continue to promote credit cards and credit lines relentlessly. My phone rings regularly with a promotion from XX bank […]
I found out yesterday that UOB was offering a 2.88% p.a. promotional interest rate for balance transfers from a CashPlus account. The current market rate for a promotional balance transfer is around 3.88% p.a. There are also interest free offers around but typically these come with an admin fee of 2.0% to 2.2%. A note […]