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Showing posts with label POSB Promotion. Show all posts
Showing posts with label POSB Promotion. Show all posts
POSB 5% Cash Rebate to Online Purchases at Carrefour
Get Your Credit Report at Only S$2.00* with POSB
Know your credit
Most of us have a credit card or credit line these days. Some of us use them to realise our dreams, such as owning a car or property while the rest use them as financial tools in times of emergency. Whatever our purpose, credit cards and lines have indeed served our financial needs well, but having them can also be a big responsibility.
At POSB, we strive to help you achieve greater peace of mind. So together with Credit Bureau Singapore, here are some pointers which will offer you a better understanding of how to use credit tools wisely.
How to manage your credit
1. Understand What credit is
Credit helps you to:
- Keep track of your spending as your bills are consolidated into one payment
- Answer emergency needs when you need access to money urgently
However, when using credit, you should also:
- Consider the interest incurred
- Keep track of your credit use to avoid running into financial difficulties or impulse buying
2. Know your credit standing
A good payment history is a very important factor when you apply for finances, such as home mortgages, personal loans, car loans and credit cards.
3. Control your finances
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By knowing and setting your financial goals, you can manage your finances better and avoid taking unnecessary credit.
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Here are some tips:
Draw up a budget and stick to it
Learn to cut costs and find ways to increase your income, rather than borrowing to pay bills and make purchases.
Know your net worth
Your net worth is the difference between what you own and what you owe. Set goals to increase it.
Borrow only what you need, and know the true costs of your debt
The true cost of your debt can be significantly higher due to interest payments.
Pay off debt
Pay off your high interest debts first, like credit cards and hire purchase, to prevent your interest from spiralling.
4. Guide to getting your credit report
Follow the step-by-step guide to get your credit report from Credit Bureau Singapore.
Step 1:
Log on to www.creditbureau.com.sg. Click on 'Click here' button on homepage.
Log on to www.creditbureau.com.sg. Click on 'Click here' button on homepage.
Step 2:
Go to 'Promotion by POSB' and click on the link to be directed to SingPass website.
Go to 'Promotion by POSB' and click on the link to be directed to SingPass website.
Step 3:
Verification will be done through SingPass. If you do not have a SingPass ID or Password, please visit the Credit Bureau Office to enjoy the promotion
Verification will be done through SingPass. If you do not have a SingPass ID or Password, please visit the Credit Bureau Office to enjoy the promotion
Step 4:
Please fill in the mandatory fields such as your NRIC, Date of Birth, Postal Code, etc. If you wish to receive an additional copy of your credit report via email, kindly fill in your email address.
Please fill in the mandatory fields such as your NRIC, Date of Birth, Postal Code, etc. If you wish to receive an additional copy of your credit report via email, kindly fill in your email address.
Step 5:
Choose 'Promotion by POSB' to get your report at only S$2.00*.
Choose 'Promotion by POSB' to get your report at only S$2.00*.
* Please note that you will be required to make payment using your POSB / DBS debit card or any Visa/MasterCard. DBS Bank Ltd and Credit Bureau (Singapore) Pte Ltd reserves the right to amend the terms and conditions governing this promotion without prior notice.
POSB does not make any representation as to the completeness or accuracy of anything contained in this document. POSB does not assume any duty to advise any person, and accepts no liability whatsoever for any loss howsoever caused arising from or in connection with any use or reliance on this document or the information contained herein.
Source: POSB
