Topic: Credit card application for retirees.

[dsj88]

Can you apply for a credit card as a retiree? I understand there is an income test for working individuals. What about reirees?

[Quest]

if you have on-going income (e.g. pension), you can try to apply for one. otherwise you can get a secured card with a fixed deposit.

[Boxerfan88]

Consider debit cards. No fees. No interest. No late payment nonsense. I notice many debit cards enjoy the same promos as credit cards from the same bank (I’ve used debit card on occasions to get the promo discounts tied to a particular bank).


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[Norman_Chan]

Can debit cards use in overseas purchase ?

[Boxerfan88]

Can debit cards use in overseas purchase ?

Yes. I bought my UMIK-1 from HK online using my DBS eMCA debit card.

One small trick - if you keep forex in DBS eMCA account, when purchasing in foreign currency using the DBS eMCA debit card, they can deduct directly from the corresponding foreign currency pocket. No conversion!


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[Knight_Rider]

Can debit cards use in overseas purchase ?

You can change foreign currency and switch in your debit card settings to pay that currency. A very useful feature.

[domho8]

You can change foreign currency and switch in your debit card settings to pay that currency. A very useful feature.

wa so song ah.

[Norman_Chan]

What I mean overseas purchase is referring to actually you are in that foreign country to use the debit visa or mastercard to do the actual purchase in the shop itself.

[cstanxpl]

The debit card functions the same as credit card locally and overseas. Just that the amount is deducted straight away from your saving account (after foreign conversion when used overseas) for debit cards.

[Knight_Rider]

What I mean overseas purchase is referring to actually you are in that foreign country to use the debit visa or mastercard to do the actual purchase in the shop itself.

That is exactly what I meant. You can also convert to the country that you want to go currency. You can then change the debit card currency from the app. Its call e-wallet or something along that line. Most bank have that service.