Forum
Last updated: 

Lending my credit card

I owe my friend a lot of things, even though he is not requiring me to pay him back, I want to repay him somehow or even help him out with some of his leisures. I have credit cards on my name and some of them are being used frequently. Can I lend my credit card to him to buy some of his leisures and some of his meals that takes credit card.

User comments

  • user image

    No Name

    Before you share your plastic with a relative, a friend, or an employee, review the cardholder agreement for your credit card to determine whether sharing your card is permitted. Some issuers outright prohibit anyone who isn't named on the card from using it. if you give someone else permission to use your card, it does not count as unauthorized use, but you will be liable for all charges they make.

    2020.03.24 15:44

Please leave your knowledge and opinion!

Related Forums

Can I leave Singapore with credit card debt?

How do I block my credit card?

What shpuld I do in case I accidentally damaged my credit card?

Failure to pay a debt in the credit card

What is the safest bank to apply for a Credit Card?

I want to start a business

Related Reviews

A no-no for individuals seeking the cheapest car loan

This car loan is a no-no for individuals seeking the cheapest car loan or borrowers seeking to refinance their existing car loan as interest rates of 2.78% and 2.98% don’t come cheap. Irrespective, UOB could be a good backup source of car financing for individuals that are not approved for loans from other banks. Additionally, the bank is unique because it offers flexible car loan repayment schemes and Certificate of Entitlement (COE) loans for used cars.

UOB Car Loan / United Overseas Bank

Apply for a loan in just 3 minutes

What makes Auto Credit Express unique is that they have created one of the largest networks of auto dealers that specialize in financing auto loans for different types of credit profiles. You can get an auto loan for a new or used car by getting funding within a few days by applying for a loan in 3 minutes and enjoy phone support is fast and friendly

U Credit Car Loan / U Credit

Car loan calculator that allows for the calculation of monthly payments

The Standard Chartered car loan calculator allows for the calculation of monthly payments you’ll need to make if you take up a car loan. Simply indicate the car type, enter the required loan amount, loan term and click “Calculate”. You should remember to always consider if you’ll be financially comfortable to meet up payment for the projected monthly instalments while still meeting your basic needs before committing to a car purchase.

Standard Chartered Auto Financing / Standard Chartered Bank Singapore

On both occasions the customer service has been phenominal

Even as it was my first time dealing with them the customer service staff were very friendly and helpful delivering on a fast and smooth transaction processing time. On my second time using them I was not disappointed too as I had a very pleasant transaction and would gladly recommend them to my friends and family. Trusted dealer!

Asia Carz Credit Car Loan / Asia Carz Credit

Lowest rates for new and used car loans in Singapore

DBS charges interest rate of 2.28% for its car loans to individuals that apply online and that is the lowest rate offered for both new and used car loans in Singapore. In my opinion this makes DBS the most affordable option for those that require financing in order to purchase a vehicle. It is also worth noting that DBS is currently offering an even lower rate for the purchase of used cars (1.99% p.a.) in a promotion.

DBS Car Loan / DBS Bank

This may be the cheapest car loan refinancing option in Singapore

This may be the cheapest car loan refinancing option in Singapore as the bank allows borrowers to refinance their existing car loans for a very competitive rate of 2.08%, which is much cheaper than most rates for new loans. While the bank also offers loans for the purchase of new and used vehicles, these rates of 2.78% and 2.98% are not the cheapest available. If you are approved to refinance your existing car loan from another bank, you may be able to save thousands of dollars by switching to OCBC due to its refinance rate of 2.08%, which is significantly cheaper than those of most car loans offered by lenders in Singapore.

OCBC Car Financing / Oversea-Chinese Banking Corporation