facebookCan discharged bankrupts get credit cards in singapore? - Seedly

Advertisement

Gabriel Tham

Tag Team Member at Kenichi Tag Team

25 Feb 2020

Credit Cards

Can discharged bankrupts get credit cards in singapore?

Can discharged bankrupts get credit cards in singapore?

Discussion (2)

What are your thoughts?

Learn how to style your text

I am diacharge bankrupt and DBS rejected my secure credit card application even I place 10k fixed deposit. Singapore banks are all not forgiving at all to give second chance to build credit score

Andy Sim

25 Feb 2020

HR Professional at a Financial Institution

If I'm not wrong, yes if you are discharged, you can apply for credit cards in Singapore to build up your credit reputation again but the catch is it may not be easy to do so. The bankruptcy will remain in your credit report for a few years and banks may charge you high interest rate or annual fees since the risk of defaults is much higher compared to someone with clean records. You can try applying for a secured credit card but with lower limits.

Write your thoughts

Advertisement