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

I want to apply for a credit card because of its convenience, however owning a credit card has its pros and cons. Since this is my first time applying for a credit card, I fear that someone might try to take advantage of it in case I lose my credit card. I want to find out which bank would offer me the best security in case this happens.

Search other products or providers:

  • user image

    No Name

    Singapore has been known to have the safest banks in the world. According to an article published in 2019 by Global finance, DBS bank holds the title for the safest bank in Asia for 11 consecutive years and the 15th safest bank in the world. DBS bank has also been recognized by Euromoney as the "Worlds Best Bank"

    2020.03.24 15:44

    Please leave your knowledge and opinion!

    Related Forums

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

    Can I leave Singapore with credit card debt?

    Failure to pay a debt in the credit card

    I need my car back!! How do I reposses it ASAP

    How do I fix the errors in my newly applied credit card?

    should I use mine or should I avoid all completely

    Related Reviews

    On both occasions the customer service has been phenominal

    Asia Carz Credit Car Loan / Asia Carz Credit

    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!

    A no-no for individuals seeking the cheapest car loan

    UOB Car Loan / United Overseas Bank

    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.

    Car loan calculator that allows for the calculation of monthly payments

    Standard Chartered Auto Financing / Standard Chartered Bank Singapore

    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.

    Lowest rates for new and used car loans in Singapore

    DBS Car Loan / DBS Bank

    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.

    This may be the cheapest car loan refinancing option in Singapore

    OCBC Car Financing / Oversea-Chinese Banking Corporation

    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.

    Apply for a loan in just 3 minutes

    U Credit Car Loan / U Credit

    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