facebookHello there, I am interested in getting a credit card to clock credit score, which is the most suitable for one with following criteria? - Seedly

Anonymous

03 Jan 2022

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Credit Cards

Hello there, I am interested in getting a credit card to clock credit score, which is the most suitable for one with following criteria?

Spending around 400-600ish. Bulk of it is food (hawker, kopitiam etc), I understand certain cards to provide cash back for specific types of transaction.

Discussion (3)

What are your thoughts?

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Nice. Depending where your kopitiam is - if in a mall (e.g. Kopitiam/Food Republic) it works. Other heartland (usually non-air con environment) coffeeshop only can use PayNow/Paylah/Grab i.e. no credit cards - the smaller biz cannot afford the high credit card charges (credit cards charge merchant for rental of cc machines + transaction fee).

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Just get a basic UOB YOLO/HSBC Revolution/OCBC NTUC Plus!/POSB Everyday - if you spend online (UOB YOLO 8%), how abt topping up ezlink card using paywave (all) , paying telephone bills/utilities (all), groceries shop (OCBC NTUC Plus! + POSB Everyday + Maybank Family) by credit card for a start.
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Start w what you are already spending but paying by GIRO/cash - switch to just 1 credit card (that you will use). It's just a change in payment mode - exercise discipline in paying the bills (download the bank app to track) so you can get a good credit score.

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Hope this helps.

There are other sites like SingSaver that have comparisons between credit cards and also offer incentives for sign up.

For clocking credit score, just spend wisely and pay your bills in full every time.

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