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 OCBC Robinsons Visa Platinum Card
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| Key Features | Spoil yourself with attractive rebates, experiences and exclusive events at your favorite Robinsons Group of Stores. From closed door sales to front row access to the brands you love, the OCBC Robinsons VISA Platinum Card is your VIP ticket to an exciting host of shopping privileges. |
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| Annual fee waiver | |
| Annual fee | $180 |
| Supplementary Card fee | $90 |
| Age Eligibility | Above 21 |
| Income Eligibility | Over S$30,000 p.a.(SG Citizens, PR, Foreigners) Over S$15,000 p.a.(aged 55 and above) |
| Special Eligibility | |
| Balance transfer rate | |
| Annual percentage rate | 24.96% |
| Min repayment amount | 3% of bal or $50. whichever is higher |
| Interest free credit days | |
| Late fee charges | $55 |
| Interest rate on revolving credit | 24.96% |
| International Acceptance | Yes |
| Additional Credit Line | |
| Masterscard/Visa/Amex | Visa |
| Reward system | ROBINSONS$ REWARDS. Ocbc Rewards |
| Special notes |
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.
