While Buy Now, Pay Later (BNPL) services aren’t for everyone, savvy consumers can use them to maximise their credit card rewards. Here’s how. If you’ve been shopping online or in-store lately, you may have come across a BNPL service like Atome or hoolah at check-out. For the uninitiated, these services allow customers to break up payments into a series of smaller instalments (typically three monthly payments). Zero interest is charged, and if you pay off your balance on time, it’s entirely free to use. If you miss a payment, you’ll be charged a late payment fee which ranges anywhere from a few dollars to $60. Instalments Late payment fee Atome Three months $20 – $60 hoolah Three months $5 – $30 OctiFi Three months From $15 Pace Three months $10 – $60 Rely Three months / four fortnights $1 – $40 Split Three months None It can’t be emphasised enough that you should not be using a BNPL service to spend beyond your means. ... » Learn More about Best credit card hacks to go with your choice of ‘buy now, pay later’ service
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Whether you’re thinking about issuing a supplementary card or applying for a student credit card, letting your teenager have their first credit card is certainly safer than carrying cash. On the other hand, leaving a credit card in the hands of a teenager could pose risks such as overspending or sharing card details. To help you decide whether your teenager is ready for a credit card, keep reading for key points to consider. Pro: Your teenager can access funds in case of emergency or when travelling abroad Giving your teenager a credit card can be helpful in case of emergencies when there are last-minute needs such as purchasing medicine or a phone charger. Also, having a credit card can be especially useful if your child plans to study overseas or travel abroad after the pandemic. Carrying foreign currency can also be cumbersome and unsafe, especially in countries where pickpocketing or theft is common. Pro: Earn rebates and perks for more savings Many student credit cards ... » Learn More about Does your teenager really need a credit card?
As mythical as a unicorn sighting, here are the four most exclusive credit cards in Singapore. Opinions expressed reflect the view of the writer (this is his story). The Singapore credit card market can be roughly divided into three segments based on income requirements. At the $30,000 mark lie the entry-level cards. Annual fees (usually waivable) fall in the $200 range, and there isn’t much in the way of additional benefits. A step above is the $120,000 segment, where annual fees range between $500 and $700, and banks start to get serious about card perks. Cardholders can expect benefits like unlimited lounge access, complimentary airport transfers, as well as special dining and hotel privileges. One more step above that is the so-called “$500,000 segment”, which is a bit of a misnomer because although some of these cards explicitly have $500,000 income requirements, others are invitation-only. Annual fees here are upwards of an eye-popping $3,000, for which ... » Learn More about The 4 most exclusive credit cards in Singapore
This is the third and final set of building blocks for a pandemic exit strategy—a series of publications initiated on 17 June, 2021 suggesting specific goals, strategies and tactics to complement recently announced steps by the government towards national recovery, whereby it aims to "exit" the Covid-19 pandemic in four phases. In Part 1 of the exit strategy building blocks released on 17 June 2021, we also reiterated, using fundamental principles of economic theory, that the current pandemic-induced crisis is fundamentally different from past crises , which require a comprehensive strategic approach towards a gradual reopening of the economy. Positioning its strategy in the uniqueness of the current pandemic-induced crisis, EMIR Research has suggested the following strategy based on 3 + 1 main strategic thrusts , which are: 1. Protecting lives and livelihoods 2. Education emergency response 3. National reconciliation 4. National economic recovery ... » Learn More about Exit Strategy Building Blocks for Malaysia – Part 3
Hong Kong authorities on Friday, May 14, froze assets belonging to jailed media tycoon Jimmy Lai, including all shares in his company, Next Digital - the first time a listed firm has been targeted by national security laws in the financial hub. Also among assets targeted were the local bank accounts of three companies owned by him, Hong Kong's Secretary for Security John Lee said in a government statement. The statement, issued after the market close, said Lee had issued notices "in writing to freeze all the shares of Next Digital Limited held by (Jimmy) Lai Chee-ying, and the property in the local bank accounts of three companies owned by him". Lai was sentenced to 14 months in prison for taking part in unauthorized assemblies during pro-democracy protests in 2019. He faces three alleged charges under a sweeping new national security law imposed by Beijing, including collusion with a foreign country. The move against his assets was also made ... » Learn More about Hong Kong freezes listed shares of media tycoon Lai under security law
Vincent Tan passes the baton The company must be about collective individuals, not me alone, says Tan. Essentially, BCorp is a fund manager of various businesses that will allocate capital and measure this against ROE (return on equity). New CEO Abdul Jalil Abdul Rasheed is an authority on good corporate governance and transparency, said the group. Jalil acquires 70 million BCorp shares days after named new CEO Abdul Jalil Abdul Rasheed has acquired a stake in the company days after he was appointed to the post. BCorp, in a statement, said Jalil had acquired 70 million shares at 28 sen each, which gave the former boss at Permodalan Nasional Bhd a 1.4% equity interest in the company. BCorp had earlier said that Jalil was brought in with a mandate to transform the sprawling business group into a high-performing organisation. Ringgit slips to 4.133 at opening over Covid-19 resurgence fears The ringgit slipped further versus the US dollar as demand for ... » Learn More about Summary of business news: March 22-28