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 American Express Rewards Card
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| Key Features | S$100 worth of vouchers upon your first card transaction. Rewards points do not expire. |
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| Annual fee waiver | |
| Annual fee | |
| Supplementary Card fee | First 2 permanently waived |
| Age Eligibility | Above 21(Main) |
| Income Eligibility | |
| Special Eligibility | |
| Balance transfer rate | |
| Annual percentage rate | |
| Min repayment amount | |
| Interest free credit days | |
| Late fee charges | |
| Interest rate on revolving credit | |
| International Acceptance | Yes |
| Additional Credit Line | |
| Masterscard/Visa/Amex | Amex |
| Reward system | American Express Selects (travel, leisure, dining and shopping offers). Frequent flyer miles. |
| Special notes | Movie Treats at 5 Cathay Cineplexes. Travel Perks at Pullman and Novotel properties. 1-for-1 deals at Skyline Luge Sentosa,Urban Inline, Spring Gear, Lilliput Indoor Mini Golf |
In most cases, cancelling a credit card won't help your credit reputation.
The most important question is: How would your life change if you filed for bankruptcy?
Question: I have about $2000 in my savings account and $1800 on a credit card. Should I use most of my savings to pay off the credit card?
Minimum payment is probably the best trap in the credit card world. Card issuers make it seem so easy: even if you owe thousands of dollars, you could settle that monthly bill with a minimum payment that’s just a small percentage of your actual balance. Minimum payments can be as low as 1% of balance, so you could pay less than $100 on a balance that’s in the four digits!
Does your credit card give you something back each time the cash register rings? More than half of cards issued have a rewards component — typically worth $0.01 to $0.03 per dollar spent — from free Frappucinos to contributions to Junior’s college fund.
From loyalty points to travel insurance, the list of reward benefits attached to credit cards is mind-boggling.
The next time you’re sifting through your change purse to pay for your morning latte, consider this: reaching for a credit or debit card instead will save you time – and perhaps even some money.
