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Kelly Trinh

Hanging my hat, maybe for good. Disappointed with the standard of discourse even among the "experts" :(

Kelly Trinh

Backoffice technical at financial services firm

About

Hanging my hat, maybe for good. Disappointed with the standard of discourse even among the "experts" :(

Credentials

Backoffice technical at financial services firm

Kelly Trinh

Backoffice technical at financial services firm

  • Answers (473)
  • Questions (51)
  • Reviews (22)

General

MileLion

Multi Currency Cards

Credit Cards

In your opinion, what is the ugliest credit card design in Singapore?
Its international but does appear in Singapore - the Transferwise card is eye catching but the fluro-green is a bit... frugly?
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Multi Currency Cards

Credit Cards

Why are multi-currency cards so popular in Singapore?
The FX charges on conventional credit cards are a real rip off - they can get to as much as 3% these days (!) As there is no regulation in Singapore to show FX charges seperately, it is hard to get any competition going to push down charges until the MCC cards come along.
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Travel

Career

MileLion

SG Budget Babe

Credit Cards

I'm going to work overseas. What's the best credit card to use?
What is your posting duration? I was in TH for a period of time and managed to get credit cards from a couple of banks no problems. For any extended posting that is your best bet. Do note that even if the local cards are somewhat weaker in benefits - it is much better than if you are using an SG based card where any benefit gained will be eclipsed by the FX fees charged (~ 2-3%) unless you use something like Revolut/YouTrip (which don't have benefits....)
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Payments

MileLion

Credit Cards

Are merchants legally allowed to impose extra 1-3% service charge/admin fees on consumers if the latter choose to pay using credit card?
The vendors likely to be abrogating their contracts with the card associations. Breach of contract is a civil action not criminal one - so depends if you consider that to be "illegal" or not ....
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Insurance

Investment Linked Policies (ILP)

Is there any other way to get rid of ILP other than surrendering?
What does it mean to "get rid" of it? Why do you want to get rid of it? Is it cursed? Do ringwraiths come and get you if you keep it? You can throw away the policy docs (in a volcano) if that is the case... but back to reality the above doesn't make financial sense - as Pang Zhe Liang said; surrendering is the only way to get the cash value ... (selling to third party I don't think works for ILPs)
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CoAssets

Investments

Does CoAssets have any other projects other than in the film industry? Is it true that the minimum investment amount is usually S$5,000?
Are they still alive? I recall they had a trading halt in early Dec last year pending announcement of results of MAS investigation. 5k into films sounds really risky.
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Multi Currency Cards

Revolut

YouTrip

Travel

Revolut or Youtrip for >$10k overseas spend?
Another option depending on timing - for Revolut; the limit is on rolling 30 days basis; you can change an amount now and provided the next billing after your op is 30 days later you should be able to squeeze in the 10k total within the limits.
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Investments

Financial Planners

Personal Finance 101

I have been seen this advertisement on facebook by the company called UP PLAN which promises to build a complete financial plan online in 15 mins for free. Can anyone advise on this?
It's free so if you have time it doesn't hurt to poke around. Agree with other poster, 15 minutes is an impossible promise for a thorough job, but at least you learn steps and thought process involved.
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Robo-Advisors

Investments

Smartly

Why did Smartly halt new sign ups and deposits?
This does sound a bit concerning doesn't it!!!! My totally "just guessing" conjecture is that they are having some issues with MAS and rather than digging a deeper hole; they have stopped signup/deposits for a while to sort out mess (this is just a guess based on the information Nov 28th). Money should be safe if there isn't gross fraud (if there was MAS/the cops would have rolled in by now) but might be a while before they get back to compliance and normal ops
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