tag:blogger.com,1999:blog-4405345292513335071.post6303674830010413163..comments2024-03-19T18:44:15.041+08:00Comments on Little Stories: On Credit Lines & Credit CardsGilbert Koh aka Mr Wanghttp://www.blogger.com/profile/01027678080233274309noreply@blogger.comBlogger13125tag:blogger.com,1999:blog-4405345292513335071.post-6401656684018562692009-05-07T15:36:00.000+08:002009-05-07T15:36:00.000+08:00As a matter of fact, Mr Chang is so darn stupid to...As a matter of fact, Mr Chang is so darn stupid to trust the honesty and integrity of a Temasek Linked company (the one that lost 58 billion of Singapore taxpayer's hard earn money recently) such as DBS to not play dirty tricks like diverting payment first to the "0%" account instead of a regular credit card account, which effectively render the credit card useless until the "0%" amount is fully paid off.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4405345292513335071.post-24584696446007562452008-01-12T04:47:00.000+08:002008-01-12T04:47:00.000+08:00there are so many hidden fees when it comes to cre...there are so many hidden fees when it comes to <A HREF="http://www.onlinecheck.com/merchant_accounts/credit_card_processing.html" REL="nofollow">credit cards</A>. I would suppose, that your first bit of advice, was the best. Use your common sense! If it's too good to be true, it probably is.<BR/><BR/>everyone knows that credit card companies are only out to make money. DO NOT think that when they say, "0% financing" that it actually means that you won't be paying anything for your credit cards!!shannonhttps://www.blogger.com/profile/01902618643180216675noreply@blogger.comtag:blogger.com,1999:blog-4405345292513335071.post-87745348044066487092007-10-06T12:28:00.000+08:002007-10-06T12:28:00.000+08:00My friend in UK can borrow money on unsecured cred...My friend in UK can borrow money on unsecured credit lines for up to 12 months on zero interest. He dumps all these money into time deposits which earns him net returns of 5% plus. <BR/><BR/>It's a virtually risk free way to earn money out of nothing. Only drawback is your credit report gets hit for the 12 months period.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4405345292513335071.post-73821147004716396032007-10-05T06:40:00.000+08:002007-10-05T06:40:00.000+08:00Nah ... I signed up for a DBS credit card which ca...Nah ... I signed up for a DBS credit card which came with a DBS cashline which came with a free umbrella.Gilbert Koh aka Mr Wanghttps://www.blogger.com/profile/01027678080233274309noreply@blogger.comtag:blogger.com,1999:blog-4405345292513335071.post-6405696475022968372007-10-04T20:14:00.000+08:002007-10-04T20:14:00.000+08:00I'm curious. Did you really sign up for DBS Cashli...I'm curious. Did you really sign up for DBS Cashline just for a free umbrella?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4405345292513335071.post-30048682527510839772007-10-04T13:16:00.000+08:002007-10-04T13:16:00.000+08:00That guy never heard that there's no such thing as...That guy never heard that there's no such thing as a free lunch ah?<BR/><BR/>And the admin fee is just a guise for interest and comes at a much higher rate given that it is paid upfront.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4405345292513335071.post-33430233146018221152007-10-04T13:03:00.000+08:002007-10-04T13:03:00.000+08:00Noooo lah! Don't ever pay annual fees for this kin...Noooo lah! Don't ever pay annual fees for this kind of thing. Just call up and ask them for a waiver. Or if you just call up and say you want to terminate, they'll probably give you a waiver anyway.<BR/><BR/>If you do terminate, you have a good reason to sign up again and get another free umbrella ... or free shopping voucher .... or free thumbdrive .... or free something-or-the-other.Gilbert Koh aka Mr Wanghttps://www.blogger.com/profile/01027678080233274309noreply@blogger.comtag:blogger.com,1999:blog-4405345292513335071.post-86707723382346831122007-10-04T12:15:00.000+08:002007-10-04T12:15:00.000+08:00Mr Wang, don't you have to pay an annual fee for y...Mr Wang, don't you have to pay an annual fee for your DBS Cashline?<BR/><BR/>I kept mine for 1 year and when they ask me for that fee, I cancel it. Just like you, I don't use it at all.....I just borrow from my mother....haha!!!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4405345292513335071.post-30082160832388934472007-10-04T10:10:00.000+08:002007-10-04T10:10:00.000+08:00I really cannot comprehend why MAS allows all thes...I really cannot comprehend why MAS allows all these Banks a free hand in misleading the public over their 'generous' interest-free ready credit? The catch is always in the small print & the terms and conditions.<BR/><BR/>Isn't it a case of blatant dishonest advertising trying to catch the ignorant unsuspecting public? <BR/><BR/>Nothing is free in this world especially in this dog-eat-dog Stinkapore!!!<BR/><BR/>The same with the our rotten Gahmen. What happened to the carrots that our SM promised to Hougang constituency.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4405345292513335071.post-72303770665786299922007-10-04T07:46:00.000+08:002007-10-04T07:46:00.000+08:00Anon 12:30 am:Yes I know. That is why my post begi...Anon 12:30 am:<BR/><BR/>Yes I know. That is why my post begins with the words "Quite apart from all that ...".Gilbert Koh aka Mr Wanghttps://www.blogger.com/profile/01027678080233274309noreply@blogger.comtag:blogger.com,1999:blog-4405345292513335071.post-8592458925264723532007-10-04T00:30:00.000+08:002007-10-04T00:30:00.000+08:00the letter writer was just stating that once you u...the letter writer was just stating that once you use the cash advance, any payment you make towards the card will pay off the cash advance principal at 0%, rather than towards any normal credit card spending at 24%.<BR/><BR/>---<BR/>in otherwords, if you use their cash advance for 20,000 for a 6 month period, then buy a plasma tv for 6k, you will end up paying 6k@24%/annum interested UNLESS you pay off immediately the 20,000 from the cash advanceAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4405345292513335071.post-26292277765688717232007-10-03T23:06:00.000+08:002007-10-03T23:06:00.000+08:00oh, and just to add, if a bank was gonna lend you ...oh, and just to add, if a bank was gonna lend you money for free, you might as well take it and stick it in a bank to earn interest. Then again, interest rates in Singapore are so low, its hardly worth the effort. I used to do that with interest free student overdrafts in the UK and its a pretty nice supplementary income!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4405345292513335071.post-13654109175066221312007-10-03T23:04:00.000+08:002007-10-03T23:04:00.000+08:00Well, if Mr Chang was smart enough (actually don't...Well, if Mr Chang was smart enough (actually don't need to be very smart to think of this idea), he would take the interest free cashline from POSB and just use another bank's credit lah! Why die die must use POSB/DBS credit card!Anonymousnoreply@blogger.com