diffference between Credit Card and Personal credit

rosenisha · Post by **rosenisha** » Fri, 03 Sep 2010 3:38 pm

Hi frnds,
I have a doubt in Credit card & personal credit......

My husband got Standard chartered credit card last month,in the next two days he recieved a cheque book,atm card in personal credit.....
actualy what is personal credit?
wil dey charge day intrest for personal credit?

we wana take 2000 sgd ,we want to take money frm fubds transfer in credit card....which one is lower intrest usually, credit card fund transfer or personal credit?

is any frnds here who r usng stand chatrd personal credit,plz suggest me...
thanks in advance frnds...

Post by **sundaymorningstaple** » Fri, 03 Sep 2010 4:04 pm

Try writing in normal English. We will gladly help you if you help us.

moderator

rosenisha · Post by **rosenisha** » Fri, 03 Sep 2010 4:14 pm

sorry ....i think i have written in normal english only....i dont know where i have did mistake..plz let me know...i will change...thank you...

rosenisha · Post by **rosenisha** » Fri, 03 Sep 2010 4:18 pm

Hi friends,,
I have a doubt in Credit card & personal credit......

My husband got Standard chartered credit card last month,in the next two days he recieved a cheque book,atm card in personal credit.....
actualy what is personal credit?
wil they charge day intrest for personal credit?

we wana take 2000 sgd ,we want to take money from funds transfer in credit card....which one is lower intreset usually, credit card fund transfer or personal credit?

is any friends here who r using stand chatrd personal credit,please suggest me...
thanks in advance friends...

BillyB · Post by **BillyB** » Fri, 03 Sep 2010 4:54 pm

A credit card 'is' personal credit i.e. you arrange the facility and if you spend against it, you repay it back over a period of time.

The only other thing I can think you are referring to is an overdraft? I have this facility at SC and but its free.

To save all the hassle and confusion why don't you simply read the small print on your agreement and account information, as different accounts / cards have different terms & conditions. Or more simpler still, phone SC to ask. I bank with them and find them exceptionally helpful.

QRM · Post by **QRM** » Fri, 03 Sep 2010 4:54 pm

Woa bit scary how they give out credit cards etc. to people who have no idea what its all about.

Go back to the bank and ask them to explain in detail, in fact I would write a note to them ( in proper English ) saying no one has explained it and you are a bit confused. That way when you end up in a right pickle you can blame the bank for not being upfront with you.

Both have their pros and cons. Credit card will charge a much higher interest but you can pay it all off any time without a penalty, Personal Loan charges a lower rate of interest (still high though) but you are normally tied in for a set period, and if you try and pay it off you have to pay a penalty. There is also an Overdraft facility which I believe is also known as personal credit here, the bank allows you to go into to an agreed debit on your account any time but at a fixed rate of interest. Don't forget there are also debit cards.

Each bank have their own sets of terms and conditions, I would steer well clear of getting any kind or credit/loans until you have a better understanding of what you are getting into. Try and live life without credit apart from a house loan.

Post by **sundaymorningstaple** » Fri, 03 Sep 2010 5:06 pm

rosenisha wrote:sorry ....i think i have written in normal english only....i dont know where i have did mistake..plz let me know...i will change...thank you...

There are 26 letter in the alphabet. Try using ALL of them when writing. This is an "English" forum and not a phone sms or sgforum.com. See the example above "plz". "Please" doesn't even have a "z" in it! We tend to use English here and not singlish or texting language.

moderator

Mad Scientist · Post by **Mad Scientist** » Fri, 03 Sep 2010 6:23 pm

rosenisha wrote:sorry ....i think i have written in normal english only....i dont know where i have did mistake..plz let me know...i will change...thank you...

rosenisha · Post by **rosenisha** » Sun, 05 Sep 2010 11:40 am

To save all the hassle and confusion why don't you simply read the small print on your agreement and account information, as different accounts / cards have different terms & conditions. Or more simpler still, phone SC to ask. I bank with them and find them exceptionally helpful

thanks for your reply...i have tried Customercare so far,but they were so busy......tried directly in bank also...anyway thanks for ur reply...
thank you BillyB

rosenisha · Post by **rosenisha** » Sun, 05 Sep 2010 11:49 am

Hell0 Mr.QRM

woa bit scary how they give out credit cards etc. to people who have no idea what its all about.

Dont be Scary.......According to the bank we are more enough eligible for that card...thatys they give out...i have knowledge about Credit card,already have card in Citi bank.....but not familiar with personal credit...thatswhy asked you guys if anyone using that...
anyway thank you very much for your support.....

carteki · Post by **carteki** » Mon, 06 Sep 2010 2:23 pm

I was on the SCB Website looking for some other information and came across the product details. You can find them here: http://www.standardchartered.com.sg/per ... credit/en/

rosenisha · Post by **rosenisha** » Wed, 08 Sep 2010 4:12 pm

yeah...thank you....
i ahve cleared from bank .....

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