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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.

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    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

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

    You can try requesting for a card replacement via SMS or you can call your bank to report the issue and ask for a solution. Some banks have a mobile app where you can contact customer support or request for a replacement. There are credit card promotions that offer free replacement but usually they would charge you about 10SGD for a replacement fee so you should ask your bank for further details.

    Can I leave Singapore with credit card debt?

    In the situation that the amount owed to all of your creditors is at least $10,000, you can be made bankrupt in Singapore. The problem however isn’t just being declared bankrupt. The Official Assignee then seizes your belongings which in Singapore can include, property, tools of your trade, property held in trust for someone else, and even clothing and furniture. In fact, the any property can basically be seized including future property that the bankrupt person may come into possession in the future.

    Failure to pay a debt in the credit card

    Failure in paying a credit card debt will result to garnishment. Since there is an unpaid debt, they will get the debt from other assets you have. An example is you lot or your house. They can getv your house and lot or maybe your car in order to suffice with what is left. They can just suddenly go to your house and remove all the things inside or even demolished the house.

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

    If you were to ask anyone, you should and probably need to handle this accordingly, manage your money properly and decide if you have enough space in your budget to reposses this car since it’s a 1928 model I doubt it would be wise to even get it back and instead invest in another form of transportation, there is not guaranteeing that once you get your car that it would still be as fine as the day that it was repossesed.

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

    First of all stop right there, dont spend money you dont have, especially as grand as a car youd be stuck in debt before you even know it. Second you cant apply for multiple credit cards because companies keep track of those on your behalf, a bank isnt going to leave you credit that easy, you have to be reliable first to be able to pay for the credit that you borrow, my advice would be to hold off on all the spending and instead just save and invest.

    should I use mine or should I avoid all completely

    You just need to way out if it would be a priority to spend the money now and pay for it later, its all about answering the question of it being necessary? Because if it isnt then it I strongly suggest that you put the credit card down and just save up, credit cards pile up with interest but I dont think the interest that you expect is as big as you think, especially if you are able to pay for it in the span of months.

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