I haven't purely because Standard Chartered (SC)and OCBC have the best cards. SC has 1% cash back on all purchases with no minimum spend. Its amazing.
I haven't purely because Standard Chartered (SC)and OCBC have the best cards. SC has 1% cash back on all purchases with no minimum spend. Its amazing.
I'd love to be in your shoes!Max Headroom wrote: ↑Fri, 02 Feb 2024 11:33 amI'm the opposite; I don't want a credit card. But wherever and whenever I open a bank account, they insist on give me a credit card.
The best part: I toss them in the drawer, never to see the light of day, yet they still kena scam online purchases...
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I use DBS Ideal and the account is liquid but it doesn't make any difference. The first card I applied for was through DBS.Strong Eagle wrote: ↑Fri, 02 Feb 2024 4:53 amWhere do you keep your business bank account? Do you keep a decent amount of $$$ in it? You should consider seeking a personal credit card from your business bank, and if they are unwilling to do it, threaten to move to a bank that will.
I think my problem is that banks consider me to be a 'freelancer' since I am self-employed. The salary/financial situation doesn't make a difference.malcontent wrote: ↑Fri, 02 Feb 2024 1:49 amThinking back on my first credit card, it was with DBS where I had a current account for several years and they had a history of my income being deposited to said account. Seems like they started me off with a very small credit limit, but that is how I started building my credit as an EP holder.
In this case you should schedule an appointment at a branch and discuss it with them. They can help intervene in the process.captain_blueballs wrote: ↑Fri, 02 Feb 2024 11:56 amI use DBS Ideal and the account is liquid but it doesn't make any difference. The first card I applied for was through DBS.Strong Eagle wrote: ↑Fri, 02 Feb 2024 4:53 amWhere do you keep your business bank account? Do you keep a decent amount of $$$ in it? You should consider seeking a personal credit card from your business bank, and if they are unwilling to do it, threaten to move to a bank that will.
Here's the irony: DBS is more than happy to give me loans! They ring or email all the time with the latest 'offers'.
A technicality, but it might have a lot to do with your problems. Perception. You say you have formed a Pte Ltd company, but you refer to yourself as self-employed. You cannot be both. As you are paying yourself a salary (for the obvious reasons, you are but an employee, not self-employed). You do not work for yourself, but you actually work for your company. Big difference in the way the government looks at it. Especially when they more or less know what you are doing and why as they've seen it '000's of times over the years. This is why the rules have changed for certain things like requiring that one hires locals (a minimum of 5 I believe in certain cases over a certain period of time). I think this may also stop you in your PR quest that I wrote a long missive on last evening. Sadly, from an ethnic standpoint, this has mostly been abused by your own ethnic group (not nationality). It is what it is. And, to add, without children in school acting as an anchor of sorts, even the banks, who have been burned many, many times by 'expats' leaving huge CC debts when they disappear into the mists at night, they are getting wee bit wiser. I think before you will see magic plastic, you will need to clean up your act (same goes for PR).captain_blueballs wrote: ↑Fri, 02 Feb 2024 11:58 amI think my problem is that banks consider me to be a 'freelancer' since I am self-employed. The salary/financial situation doesn't make a difference.malcontent wrote: ↑Fri, 02 Feb 2024 1:49 amThinking back on my first credit card, it was with DBS where I had a current account for several years and they had a history of my income being deposited to said account. Seems like they started me off with a very small credit limit, but that is how I started building my credit as an EP holder.
Yes,I'm a founder/director and the salary is through the company.sundaymorningstaple wrote: ↑Fri, 02 Feb 2024 1:58 pmA technicality, but it might have a lot to do with your problems. Perception. You say you have formed a Pte Ltd company, but you refer to yourself as self-employed. You cannot be both. As you are paying yourself a salary (for the obvious reasons, you are but an employee, not self-employed). You do not work for yourself, but you actually work for your company. Big difference in the way the government looks at it. Especially when they more or less know what you are doing and why as they've seen it '000's of times over the years. This is why the rules have changed for certain things like requiring that one hires locals (a minimum of 5 I believe in certain cases over a certain period of time). I think this may also stop you in your PR quest that I wrote a long missive on last evening. Sadly, from an ethnic standpoint, this has mostly been abused by your own ethnic group (not nationality). It is what it is. And, to add, without children in school acting as an anchor of sorts, even the banks, who have been burned many, many times by 'expats' leaving huge CC debts when they disappear into the mists at night, they are getting wee bit wiser. I think before you will see magic plastic, you will need to clean up your act (same goes for PR).captain_blueballs wrote: ↑Fri, 02 Feb 2024 11:58 amI think my problem is that banks consider me to be a 'freelancer' since I am self-employed. The salary/financial situation doesn't make a difference.malcontent wrote: ↑Fri, 02 Feb 2024 1:49 amThinking back on my first credit card, it was with DBS where I had a current account for several years and they had a history of my income being deposited to said account. Seems like they started me off with a very small credit limit, but that is how I started building my credit as an EP holder.
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