Personal Finance
Credit card interest and late fees in 2023
By Singapore's Budget Babe  •  April 14, 2023
CIMB recently announced a hike in their interest rates for credit cards, which will come into effect next month. Here’s a look at the changes, as well as the prevailing late fees and interest rates right now at the other banks and credit card issuers. I shared this on my Instagram and many of you DM-ed me to complain about the higher rates. While it is important that we consumers take note of the changes, it is also worth highlighting that we don’t have to worry about them unless we miss or forget any payments. With this, I decided to check out where the latest interest rates and late fee charges by other banks are at right now, and some tips on how to avoid being charged these fees. The CIMB announcement that came out earlier today: At a glance, it seems like CIMB is the first to change their fees (so far...
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By Singapore's Budget Babe
Budget Babe is an ordinary lady striving to achieve financial freedom in Singapore before the age of 45. She is always looking for cost-effective ways to live a fulfilling life in amidst Singapore's rising costs, and writes in order to empower fellow Singaporeans on taking charge of their own lives and finances. The final goal is to eventually break free from the competitive rat race. Will I meet you there? ...
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