You’ll be paying about of 24%* per annum interest on your unsettled credit card bills every time you do not make full payment!

Every time you don’t make full payment you’ll end up paying about of 24%* p.a. interest on your unsettled credit card balance.

Generally, a credit card serves as a financial tool empowering you to buy now and pay later, while enjoying certain exclusive privileges from a wide range of merchants. But for if you’re undisciplined, a credit card can present as a ticking time bomb that threatens to explode with enormous interest charges in case you spend without any restraints and don’t make your full payment by the end of the month.

In Singapore, credit card users normally have to pay a minimum of 3-5% (or a minimum of SGD50) on the credit card bills every month. If you settle anything less than the full balance ...