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Credit Card for Domestic Helper

Discuss the different banking options, rates, offers and perks.
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martincymru
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Credit Card for Domestic Helper

Post by martincymru » Tue, 20 May 2014 5:48 pm

Which Institution in Singapore will grant, free of deposit, a credit card to a Domestic Helper (Work Permit holder)? Filipino.

Ditto but for a fee.

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nakatago
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Post by nakatago » Tue, 20 May 2014 6:46 pm

A debit card I think would be a better idea since it won't allow the user to spend money that isn't there and also no need to be wary of late payments, interests or annual fees. Can work as a "credit" card for online or in-person, cashless transactions. POSB.

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rajagainstthemachine
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Post by rajagainstthemachine » Tue, 20 May 2014 7:40 pm

^

what he said.
To get there early is on time and showing up on time is late

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zzm9980
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Post by zzm9980 » Tue, 20 May 2014 11:34 pm

OCBC also.

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aster
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Post by aster » Thu, 22 May 2014 1:09 am

http://www.fevocard.com.sg/

Just go with a prepaid debit card that you can top-up online each month (or whenever you feel necessary) and check the balance & transactions anytime to make sure that things are running smoothly.

beppi
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Post by beppi » Thu, 22 May 2014 4:08 pm

Does the rule (law) still exists that you need a salary above a certain threshold (I remember it was S$30k/yr a long time ago) to get any credit card?

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ecureilx
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Post by ecureilx » Thu, 22 May 2014 4:55 pm

beppi wrote:Does the rule (law) still exists that you need a salary above a certain threshold (I remember it was S$30k/yr a long time ago) to get any credit card?
yes.

it was lowered for SC/PR though ....

and, a few foreigners were caught for over declaring their pay ....

scarbowl
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Post by scarbowl » Fri, 23 May 2014 12:06 am

Why not have a bank account with a debit card. They are widely used here and avoid the problems associated with credit.

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Re: Credit Card for Domestic Helper

Post by samlarson » Tue, 25 Aug 2020 8:43 pm

Which Institution in Singapore will grant, free of deposit, a credit card to a Domestic Helper (Work Permit holder) https://admission-writer.com/? Filipino.

Ditto but for a fee.
As of January 2019, international domestic helpers' employers are no longer permitted to safeguard any money belonging to their helpers, which is a good step in avoiding any conflicts arising from earnings. With this legislation in place it makes sense to open your helper's bank account to:

Hold an electronic record of all parties' compensation payments

Save money by going cashless and making regular payments

Provide greater protection for their resources and help the helpers handle personal finance

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