Best 0% Processing Fee Credit Cards in Singapore 2024
Credit cards with 0% processing fee are one of the most underrated credit cards you can get – especially if you prefer to Buy-Now-Pay-Later (BNPL) or have an upcoming big-ticket purchase you’d like to pay in instalments. These credit cards feature favourable 0% instalment plans with 0% processing fee, making them an attractive option for managing substantial transactions without causing immediate financial strain.
Flexible redemption options for miles, cashback or shopping vouchers
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Streaming, dining and commuting
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Interest-free Installments with SC Easy Pay
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No Annual Fee
Earn up to 10% cashback for spends above S$1,500 on selected merchants.
Earn up to 8% cashback for spends above S$800 on selected merchants.
Enjoy 0.5% cashback for all base spends with no monthly cashback cap.
Enjoy peace of mind when your flight is delayed with Visa SmartDelay™, which offers complimentary access to over 1,700 airport lounges and travel experiences.
Interest-free instalments with SC Easy Pay.
No cash advance fee.
No annual fee.
No cashback cap.
Cashback awarded in the form of 360° Rewards Points.
Points expire after 3 years.
SingSaver Exclusive Offer
Gift Options
Apple AirPods 4th Gen with Active Noise Cancelling (worth S$249); or
Hinomi H1 Classic V3 Ergonomic Office Chair without Headrest (worth S$659) ; or
S$250 Shopee voucher; or
S$200 Cash via PayNow
SingSaver Exclusive Offer promotion is valid until 31 July 2025.
Promotion is valid for new Standard Chartered credit cardmembers only.
Apply for the Standard Chartered Smart Card or Rewards+ Credit Card and make a min. spend of S$800 within 30 days of card approval to be eligible for reward.
Promotion is not stackable with other welcome offers from Standard Chartered.
Enjoy 5% Cashback on McDonald's, Starbucks, Golden Village, Netflix and Spotify.
Enjoy additional 5% Green Cashback on selected eco-friendly Eateries, Retailers, and Transport Services.
0.3% Cashback on All Other Spend
5 Years Annual Fee Waiver
No minimum spend required
No minimum income required
Monthly credit limit of S$500
Monthly cashback cap of S$50
Terms and Conditions :
Installment Processing Fee: From 2 %
Eligibility :
Minimum Age: 21 years old
Maximum Age: 27 years old
Minimum Annual Income: None
American Express Platinum Card
Installment Rate
0 %
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At participating Pay Small Merchants.
Installment Tenure
Up to 24 months
Minimum Spend For Installment
S$ 250
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May differ with each participating merchant.
Minimum Annual Income
Conditional
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Card application is subjected to customers meeting the regulatory minimum income requirement and internal assessment.
Things to consider for this product:
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Bonus air miles
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Dining savings
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Airport lounge
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Annual Fee required
Receive more than S$1,000 in travel, dining and lifestyle statement credits.
Indulge In Fine Hotels + Resorts Benefits Worth S$800.
Complimentary access for you, a supplementary cardholder and one guest each to 1,400 Lounges such as The Centurion Lounge, Priority Pass, International American Express Lounges.
Gain instant status to higher tiers of leading hotel loyalty programs.
Complimentary Access into Tower Club.
Membership Rewards Points never expire.
Up to 50% savings at premium dining locations with Love Dining.
Enjoy up to S$400 every year to use at over 2,000 curated restaurants locally and around the world.
Annual fee: S$1,744 (inclusive of GST).
Please refer to the American Express website (go.amex/singsaver) for the most up to date information on card benefits and its terms & conditions.
Terms and Conditions :
Installment Processing Fee: No processing Fee
Eligibility :
Minimum Age: 21 years old
Minimum Annual Income: Conditional
UOB PRVI Miles American Express Card
Installment Rate
0 %
Installment Tenure
Up to 24 months
Minimum Spend For Installment
S$ 500
Minimum Annual Income
S$ 30,000
Things to consider for this product:
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Bonus air miles
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Unlimited air miles
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Travel insurance
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No monthly spend required
Earn 3 miles per S$1 spend (UNI$7.5 per S$5 spend) on regional spend in Indonesia, Malaysia, Thailand, Vietnam, including online shopping on overseas website.
Earn 2.4 miles per S$1 spend (UNI$6 per S$5 spend) on other overseas spend, including online shopping on overseas websites.
Earn 1.4 miles per S$1 spend (UNI$3.5 per S$5 spend) on local spend.
4 complimentary lounge visits per calendar year for principal cardmembers.
Earn up to 8 miles per S$1 spend (UNI$20 per S$5 spend) on agoda and Expedia bookings via UOB PRVI Miles website.
PRVI Miles Amex Exclusive: 20,000 loyalty miles with min. S$50,000 annual spend
PRVI Miles Amex Exclusive: Up to 8 complimentary airport transfers annually with min. S$1,000 overseas spend per quarter
Earn up to 6 bonus KrisFlyer miles for every S$1 spend if you also apply for a new KrisFlyer UOB Account
Complimentary personal accident coverage and emergency medical assistance of up to S$500,000.
Choice to redeem for miles, cashback, or vouchers.
No minimum spend and no cap on earned miles
2 year points expiry.
Annual fee of S$261.60
Terms and conditions apply for all above-mentioned privileges. Visit here for more details. Insured up to S$100,000 by SDIC.
Terms and Conditions :
Installment Processing Fee: From 3 %
Eligibility :
Minimum Age: 21 years old
Minimum Annual Income: S$ 30000
American Express Platinum Credit Card
Installment Rate
0 %
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At participating Pay Small Merchants.
Installment Tenure
Up to 24 months
Minimum Spend For Installment
S$ 250
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May differ with each participating merchant.
Minimum Annual Income
Conditional
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Card application is subjected to customers meeting the regulatory minimum income requirement and internal assessment.
Things to consider for this product:
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Unlimited air miles
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Dining savings
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Annual Fee required
Enjoy up to S$200 statement credits that can be used at trending restaurants or fashion brands.
Enjoy up to 50% savings at a curated selection of hotels and restaurants island-wide with Love Dining by Platinum.
Enjoy 1-for-1 first drink and complimentary drinks at some of the most bespoke bars in Singapore with Chillax by Platinum.
Earn 2 Membership Rewards® Points for every S$1.60 spent.
Earn 10 Membership Rewards® Points for every full S$1.60 spent with 10Xcelerator Partners.
Membership Rewards® Points never expire.
Permanent waiver of miles transfer fee (worth S$40).
Annual fee: S$327 (inclusive of GST) must be paid to enjoy welcome offers.
Please refer to the American Express website (go.amex/singsaver) for the most up to date information on card benefits and its terms & conditions.
Terms and Conditions :
Installment Processing Fee: No processing Fee
Eligibility :
Minimum Age: 21 years old
Minimum Annual Income: Conditional
UOB Lady's Solitaire Card
Installment Rate
0 %
Installment Tenure
Up to 24 months
Minimum Spend For Installment
S$ 500
Min. Annual Income
S$ 120,000
Things to consider for this product:
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Local spending rebate
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Installment
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No monthly spend required
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Rebate cap applied
15X UNI$ for every S$5 spent (equivalent to 6 miles per S$1) on 2 of your preferred rewards categories..
UNI$1 per S$5 spent (equivalent to 0.4 miles per S$1) on other purchases.
Complimentary travel insurance coverage of up to US$100,000.
Complimentary e-commerce protection
0% LuxePay
S$120,000 annual income
S$410.40 annual fee
S$5 earning blocks for miles.
Automatic UNI$ deductions
Terms and Conditions :
Installment Processing Fee: From 3 %
Eligibility :
Minimum Age: 21 years old
Min. Annual Income: S$ 120000
UOB PRVI Miles Visa Card
Installment Rate
0 %
Installment Tenure
Up to 24 months
Minimum Spend For Installment
S$ 500
Minimum Annual Income
S$ 30,000
Things to consider for this product:
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Bonus air miles
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Unlimited air miles
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Travel insurance
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No monthly spend required
Earn 3 miles per S$1 spend (UNI$7.5 per S$5 spend) on regional spend in Indonesia, Malaysia, Thailand, Vietnam, including online shopping on overseas website.
Earn 2.4 miles per S$1 spend (UNI$6 per S$5 spend) on other overseas spend, including online shopping on overseas websites.
Earn 1.4 miles per S$1 spend (UNI$3.5 per S$5 spend) on local spend.
4 complimentary lounge visits per calendar year for principal cardmembers.
Earn up to 8 miles per S$1 spend (UNI$20 per S$5 spend) on agoda and Expedia bookings via UOB PRVI Miles website.
Earn up to 6 bonus KrisFlyer miles for every S$1 spend if you also apply for a new KrisFlyer UOB Account.
Complimentary personal accident coverage and emergency medical assistance of up to S$500,000.
Choice to redeem for miles, cashback, or vouchers.
No minimum spend and no cap on earned miles
Annual fee of S$261.60
Terms and conditions apply for all above-mentioned privileges. Visit here for more details. Insured up to S$100,000 by SDIC.
Terms and Conditions :
Installment Processing Fee: From 3 %
Eligibility :
Minimum Age: 21 years old
Minimum Annual Income: S$ 30000
Maybank World Mastercard
Installment Rate
0 %
Installment Tenure
Up to 24 months
Minimum Spend For Installment
S$ 300
Minimum Annual Income
S$ 80,000
Things to consider for this product:
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Dining rebate
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Retail rebate
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Petrol rebate
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Airport lounge
Earn 10X TREATS Points (4 miles) per S$1 spent at specially selected retail stores, restaurants, and all petrol stations islandwide+.
Get up to 20.05% savings on petrol.
Complimentary green fees at world-class golf fairways.
Complimentary enrolment into Rewards Infinite Programme: TREATS Points never expire.
Free air miles conversion
Complimentary Plaza Premium airport lounge access with a minimum charge of S$1,000 in a single retail transaction.
Complimentary travel insurance coverage of up to S$1,000,000 when air tickets/travel packages are charged in full to the card.
TREATS Points awarded calculated based on blocks of S$5.
Annual income requirement: S$80,000.
Annual fee: S$240 (waived for first year only)
Terms and Conditions :
Installment Processing Fee: From 0 %
Eligibility :
Minimum Age: 21 years old
Minimum Annual Income: S$ 80000
KrisFlyer UOB Credit Card
Installment Rate
0 %
Installment Tenure
Up to 24 months
Minimum Spend For Installment
S$ 500
Minimum Annual Income
S$ 30,000
Things to consider for this product:
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KrisFlyer miles
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Unlimited miles
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1st year annual fee waiver
Earn 3 KrisFlyer miles per S$1 spend on Singapore Airlines, Scoot, KrisShop, Kris+ and Pelago purchases.
Earn 2.4 KrisFlyer miles per S$1 spend on dining, food delivery, online shopping, online travel and transport spend, with min. S$1,000 annual spend on Singapore Airlines, Scoot and KrisShop
Earn 1.2 KrisFlyer miles per S$1 on all other spend.
5,000 Welcome miles with first eligible spend (min. S$5).
10,000 KrisFlyer miles with annual renewal fee payment.
Exclusive privileges on Scoot (via flyscoot.com/krisflyeruob), Kris+ and more.
Terms and conditions apply for all abovementioned privileges. Visit here for more details.
Insured up to S$100k by SDIC.
Terms and Conditions :
Installment Processing Fee: From 3 %
Eligibility :
Minimum Age: 21 years old
Minimum Annual Income: S$ 30000
Maybank FC Barcelona Visa Signature Card
Installment Rate
0 %
Installment Tenure
Up to 24 months
Minimum Spend For Installment
S$ 300
Minimum Annual Income
S$ 30,000
Things to consider for this product:
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Annual Fee waiver
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No monthly spend required
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No rebate cap
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Overseas rebate
Get 1.6% unlimited cashback on your local and foreign spend.
No minimum spend and no cashback cap.
Stand a chance to win a trip for 2 to watch FC Barcelona live every football season.
Complimentary travel insurance coverage of up to S$300,000.
Terms and Conditions :
Installment Processing Fee: From 0 %
Eligibility :
Minimum Age: 21 years old
Minimum Annual Income: S$ 30000
CIMB Visa Infinite Card
Installment Rate
0 %
Installment Tenure
Up to 24 months
Minimum Spend For Installment
S$ 300
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For 6 and 12-months tenures. S$1,000 for 24-month tenures.
Minimum Annual Income
S$ 120,000
2 Offers Available
SingSaver Exclusive Offer
S$50 Cash via PayNow
Valid until
31 July 2025
Welcome Offer
Up to S$188 Cashback
Valid until
31 July 2025
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Things to consider for this product:
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No rebate cap
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Airport lounge
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Travel insurance
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Annual Fee waiver
Unlimited 2% cashback on travel, overseas spend and online spend in foreign currencies.
Unlimited 1% on all other retail spends.
Principal cardmembers enjoy 3 complimentary global lounge access at more than 1,000 airports annually.
Charge your full travel fares to your CIMB Visa Infinite and automatically get travel insurance coverage of up to S$1 million for you and your family.
No annual fees for life + Up to 4 supplementary cards with no annual fees.
Min. spending of S$2,000 in the statement month to qualify for the 2% cashback.
Only Singapore citizens and Permanent Residents may apply.
Minimum annual income requirement: S$120,000.
SingSaver Exclusive Offer
Gift Options
S$50 Cash via PayNow
SingSaver Exclusive Offer promotion is valid until 31 July 2025.
Promotion is valid for new CIMB credit cardmembers only.
Apply for select CIMB credit cards and make a min. spend of S$108 within 30 days of card approval to be eligible for reward.
1.7% cashback on all your purchases including travel, home furnishings, weddings, luxury purchases and more.
0.3% cashback on local transactions which are commonly excluded from earning rewards such as charity, education, healthcare, professional services, utilities and Grab wallet top-ups.
No minimum spend.
No cashback cap.
Cashback earned in current statement period is automatically used to offset the following month's bill.
Mobile contactless payment methods not supported.
Welcome Offer
Gift Options
5% Cashback (Capped at S$50)
Welcome Offer promotion is valid from 19 June 2025 to 31 July 2025.
Promotion is valid for new-to-UOB credit card customers only.
Be one of the first 60 customers to apply and get approved for the UOB EVOL card, register for the promotion, and take the least total number of days to spend a min. of S$800 per month for 2 consecutive months from the card approval date to be eligible for reward.
SMS EVOLGIFT <space> Last 4 alphanumeric characters of your NRIC to 77862 using your Singapore mobile number registered with UOB to participate in the promotion.
Promotion is not stackable with other promotions from UOB or SingSaver unless otherwise indicated.
American Express Singapore Airlines KrisFlyer Ascend Credit Card
Installment Rate
0 %
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At participating Pay Small Merchants.
Installment Tenure
Up to 24 months
Minimum Spend for Installment
S$ 250
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May differ with each participating merchant.
Minimum Annual Income
Conditional
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Card application is subjected to customers meeting the regulatory minimum income requirement and internal assessment.
Things to consider for this product:
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Unlimited air miles
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Travel insurance
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Annual Fee required
Spend S$15,000 or more on eligible Singapore Airlines and Scoot flight bookings within the first 12 months upon Card approval to be automatically upgraded to the KrisFlyer Elite Gold membership tier. T&Cs apply.
Get a complimentary night stay at participating Hilton properties each year.
Receive a Foreign Spend Miles Redemption Voucher for 18,000 KrisFlyer miles when you spend the equivalent of S$10,000 or more in foreign currency within the qualifying period.
Receive a Renewal Miles Redemption Voucher for 10,000 KrisFlyer miles after American Express receives payment of the renewal annual membership fee each year.
Earn 2 KrisFlyer miles for every S$1 spent on eligible Singapore Airlines and Scoot flight bookings, and KrisShop purchases, with no cap.
Earn up to 2 KrisFlyer miles for every S$1 spent on eligible Grab Singapore transactions, up to S$200 spend in each calendar month.
Earn 1.2 KrisFlyer miles for every S$1 spent on all other eligible purchases, with no cap.
Annual fee: S$397.85 (inclusive of GST) must be paid to enjoy welcome offers.
Please refer to the American Express website (go.amex/singsaver) for the most up to date information on card benefits and its terms & conditions.
Terms and Conditions :
Installment Processing Fee: No processing Fee
Eligibility :
Minimum Age: 21 years old
Minimum Annual Income: Conditional
UOB EVOL Card
Installment Rate
0 %
Installment Tenure
Up to 24 months
Minimum Spend For Installment
S$ 500
Minimum Annual Income
S$ 30,000
2 Offers Available
SingSaver Exclusive Offer
S$140 Cash via PayNow
Valid until
31 July 2025
SingSaver Exclusive Offer
S$160 Shopee Voucher
Valid until
31 July 2025
Welcome Offer
Apple Watch SE 2nd Gen (worth S$382.50)
Valid until
31 July 2025
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Things to consider for this product:
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Online shopping rebate
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Mobile contactless rebate
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No FX fees
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Overseas in-store FX spend rebate
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Monthly spend required
Enjoy no FX fees on overseas foreign currency spend with no min. spend.
Enjoy 10% cashback on Local Online and Mobile Contactless (Apple Pay, Samsung Pay, google Pay) Spend
10% on Selected Gym, Telco and Streaming Spend
Get 1% cashback on all Overseas Foreign Currency Spend. Valid till 31 Dec 2025.
All other spends earn 0.3% cashback.
Gain access to over 1,000 deals at eco-friendly, dining, and online shopping merchants.
Receive a first-year annual fee waiver. Annual fee for subsequent years waived with min. 3 transactions every month.
Get greater savings with up to 5.3% p.a. interest with UOB One Account+.
Minimum spend of S$800 each statement month to enjoy accelerated cashback earn rate.
S$80 total cashback cap per statement month (S$30 cap for local online and mobile spend; S$20 cap for selected gym, telco and streaming spend; and S$30 cap for all other spend. Plus, additional $20 cap on the 1% cashback on all Overseas Foreign Currency Spend till 31 Dec 2025.
SingSaver Exclusive Offer
Gift Options
S$140 Cash via PayNow; or
S$160 Shopee Voucher
SingSaver Exclusive Offer promotion is valid until 31 July 2025.
Promotion is valid for new-to-UOB credit cardmembers only.
Apply for the UOB EVOL Card and make a min. overseas spend of S$500 in the first 30 days from card approval date to be eligible for reward.
Promotion is stackable with welcome offer from UOB (additional T&Cs apply): Receive an Apple Watch SE Gen 2 (worth S$382.50)
Welcome Offer promotion is valid until 31 July 2025.
Promotion is valid for new-to-UOB credit card customers only.
Be one of the first 60 customers to apply and get approved for the UOB EVOL Card, register for the promo via SMS, and make a min. spend of S$800 per month for 2 consecutive months from card approval date to be eligible for reward.
American Express Singapore Airlines Business Credit Card
Installment Rate
0 %
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At participating Pay Small Merchants.
Installment Tenure
Up to 24 months
Minimum Spend For Installment
S$ 250
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May differ with each participating merchant.
Minimum Annual Income
Conditional
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Card application is subject to customers meeting the regulatory minimum income requirement and internal assessment.
Things to consider for this product:
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Bonus air miles
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Airport lounge
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Air ticket rebate
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Rebate cap applied
Earn up to 8 HighFlyer points per S$1 spent on eligible Singapore Airlines and Scoot flights (worth 8 KrisFlyer miles).
Earn 1.2 HighFlyer points per S$1 spent on all eligible purchases (worth 1.2 KrisFlyer miles) with no cap.
Convert HighFlyer points to KrisFlyer miles at a 1:1 rate, up to 150,000 KrisFlyer miles (usual: 100,000 KrisFlyer miles) per eligible KrisFlyer account annually with no limit on the number of KrisFlyer accounts linked.
Be the first from your business to spend S$15,000 or more on eligible Singapore Airlines and Scoot flight bookings within the first 12 months of Card Membership to be eligible for an upgrade to the KrisFlyer Elite Gold membership tier. Each business is eligible for this benefit once.
Receive complimentary Accor Plus membership each year with exclusive stay and dining privileges
Redeem KrisFlyer Elite Gold membership tier at 100,000 HighFlyer points (usual: 125,000 HighFlyer points). Subject to the terms and conditions of the Singapore Airlines HighFlyer Programme .
Receive 6,000 HighFlyer points after American Express receives payment of the renewal annual membership fee each year.
If your business is new to Singapore Airlines HighFlyer, your business may receive 10,000 HighFlyer points awarded by Singapore Airlines upon the first flown flight booking by a corporate traveler from your business that is purchased via the Singapore Airlines corporate portal, within the first 12 months of the first Card approval. Each business is eligible for this benefit once.
Please refer to the American Express website for the most up to date information on card benefits and its terms & conditions.
Terms and Conditions :
Installment Processing Fee: No processing fee
Eligibility :
Minimum Age: 21 years old
Minimum Annual Income: Conditional
UOB Visa Signature Card
Installment Rate
0 %
Installment Tenure
Up to 12 months
Minimum Spend For Installment
S$ 500
Minimum Annual Income
S$ 50,000
Things to consider for this product:
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Petrol rebate
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Overseas rebate
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Mobile contactless rebate
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Rebate cap applied
4 miles per dollar on contactless, overseas, and petrol transactions.
Travel insurance coverage of up to S$500,000.
S$1,000 monthly minimum spend.
Rewards bonus cap at S$2,000 per statement month.
Terms and Conditions :
Installment Processing Fee: From 3 %
Eligibility :
Minimum Age: 21 years old
Minimum Annual Income: S$ 50000
UOB Lady's Card
Installment Rate
0 %
Installment Tenure
Up to 24 months
Minimum Spend For Installment
S$ 500
Min. Annual Income
S$ 30,000
Things to consider for this product:
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Local & Overseas spending rewards
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Installment
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No monthly spend required
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Monthly rewards cap applies.
Pick from 7 rewards categories to earn up to 25X UNI$ for every S$5 spend (10 miles per S$1)
Spend on UOB Lady's Credit Card to earn 10X UNI$ (4 miles per S$1) and enjoy additional up to 15X UNI$ (6 miles per S$1) when you pair your UOB Lady's Credit Card with UOB Lady's Savings Account
LuxePay: Enjoy 0% 6 or 12-month instalment plan when you purchase your favorite luxury apparels.
Complimentary e-Commerce protection on your online purchases.
Enjoy UOB$ rebate on your daily essentials, entertainment and shopping.
You can only choose 1 rewards category out of 7 to earn up to 25X UNI$ (10 miles per S$1). Feel free to change your category every quarter.
You must save with UOB Lady’s Savings Account to unlock up to additional 15X UNI$ (6 miles per S$1) earn rate on your preferred rewards category.
Terms and conditions apply for all above-mentioned privileges. Visit here for more details. Insured up to S$100,000 by SDIC.
Terms and Conditions :
Installment Processing Fee: From 3 %
Eligibility :
Minimum Age: 21 years old
Min. Annual Income: S$ 30000
Maybank DUO Platinum Mastercard
Installment Rate
0 %
Installment Tenure
Up to 24 months
Minimum Spend For Installment
S$ 300
Minimum Annual Income
S$ 30,000
Things to consider for this product:
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Petrol rebate
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Overseas rebate
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Travel insurance
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Annual Fee waiver
5% cashback on petrol in Singapore and Malaysia.
1.5% cashback in foreign currency.
5 TREATS Points per $5 spent in local currency.
Complimentary Supplementary Cards for your loved ones.
Complimentary travel insurance coverage of up to S$500,000.
TREATS Points awarded calculated based on blocks of S$5.
Min. spend of S$300 each calendar month to qualify for bonus TREATS Points, capped at 30,000 bonus TREATS.
Terms and Conditions :
Installment Processing Fee: From 0 %
Eligibility :
Minimum Age: 21 years old
Minimum Annual Income: S$ 30000
UOB PRVI Miles World MasterCard
Installment Rate
0 %
Installment Tenure
Up to 24 months
Minimum Spend For Installment
S$ 500
Minimum Annual Income
S$ 30,000
Things to consider for this product:
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Bonus air miles
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Unlimited air miles
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Travel insurance
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No monthly spend required
Earn 3 miles per S$1 spend (UNI$7.5 per S$5 spend) on regional spend in Indonesia, Malaysia, Thailand, Vietnam, including online shopping on overseas website.
Earn 2.4 miles per S$1 spend (UNI$6 per S$5 spend) on other overseas spend, including online shopping on overseas websites.
Earn 1.4 miles per S$1 spend (UNI$3.5 per S$5 spend) on local spend.
4 complimentary lounge visits per calendar year for principal cardmembers.
Earn up to 8 miles per S$1 spend (UNI$20 per S$5 spend) on agoda and Expedia bookings via UOB PRVI Miles website.
Earn up to 6 bonus KrisFlyer miles for every S$1 spend if you also apply for a new KrisFlyer UOB Account.
Complimentary personal accident coverage and emergency medical assistance of up to S$500,000.
Choice to redeem for miles, cashback, or vouchers.
No minimum spend and no cap on earned miles
Annual fee of S$261.60
Terms and conditions apply for all above-mentioned privileges. Visit here for more details. Insured up to S$100,000 by SDIC.
Terms and Conditions :
Installment Processing Fee: From 3 %
Eligibility :
Minimum Age: 21 years old
Maximum Age: No Maximum
Minimum Annual Income: S$ 30000
UOB Preferred Platinum Visa Card
Installment Rate
0 %
Installment Tenure
Up to 12 months
Minimum Spend For Installment
S$ 500
Min. Annual Income
S$ 30,000
Things to consider for this product:
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Online shopping rebate
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Mobile contactless rebate
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Installment
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Rebate cap applied
4 miles per S$1 spend on mobile contactless transactions, and selected online shopping and entertainment spend.
No minimum spend
2-year points validity
0.4 miles per dollar on all other eligible spend, including bus/MRT transactions.
Terms and Conditions :
Installment Processing Fee: From 3 %
Eligibility :
Minimum Age: 21 years old
Min. Annual Income: S$ 30000
Maybank Manchester United Platinum Visa Credit Card
A credit card with a 0% processing fee means no additional fees are charged on transactions made using the card. Typically, credit card companies charge a small percentage of the transaction amount as a processing fee to cover the cost of processing the payment. However, with a 0% processing fee credit card, this charge is waived, offering cardholders the benefit of saving money on their purchases.
How to best use a 0% Processing Fee Credit Card?
To make the most of a 0 Processing Fee Credit Card, follow these tips for optimal usage:
Take advantage of balance transfers If the card offers a 0% processing fee on balance transfers, consider moving existing high-interest credit card debt to this card. This can save you money on interest charges and help you pay off the debt faster.
Use for large purchases Utilise the card for significant purchases that you plan to pay off over time. With no processing fee, you can spread the cost without incurring extra charges.
Avoid cash advances Even with no processing fee on purchases, cash advances often come with fees and high-interest rates. Refrain from using the card for cash advances.
A 0% Processing Fee Credit Card is a good fit for several types of individuals such as these:
Balance transfer users People with existing high-interest credit card debt can benefit from a 0% processing fee on balance transfers. Transferring balances to this card can save on processing fees and reduce interest charges.
Those planning large purchases Individuals who have significant purchases planned and want to spread the cost over time without incurring additional fees can use this card for interest-free financing.
People managing cash flows Business owners or individuals who want to improve cash flow for their ventures or personal finances can utilise a 0% Processing Fee Credit Card strategically.
For upcoming big-ticket purchases The main goal of credit cards offering 0% instalment plans with 0% processing fee is to allow cardholders to pay off their transactions in monthly repayments according to their preferred tenure. This is especially useful for big-ticket purchases like expensive home appliances, electronics, wedding expenses, home renovation costs, and more.
Cardholders will not have to worry about incurring additional fees or charges on these monthly repayments thanks to the 0% interest rate and 0% processing fee imposed.
Things to look out for when choosing a 0% Processing Fee Credit Card
Balance transfer terms If the card offers a 0% processing fee on balance transfers, understand any balance transfer fees that may apply and the maximum amount you can transfer.
Balance transfer timeframe If you plan to use the card for balance transfers, make sure to complete the transfers within the specified timeframe to qualify for the 0% processing fee.
Instalment tenure The 0% interest on instalments and 0% processing fee are only valid if you dutifully pay off your monthly repayments on time and within the selected timeframes. If you end the instalment plan prematurely or fail to fully pay it off by the end of the tenure, you’ll be charged penalty fees and start incurring heftier interest on top of your owed overdue amount.
A credit card processing fee is charged by credit card companies and payment processors to cover the costs involved in handling credit card transactions, such as interchange fees, network fees, payment processor costs, security measures, and customer support. It helps ensure a smooth and secure payment system for merchants and customers.
How much does it cost to process a credit card transaction?
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The cost to process a credit card transaction varies depending on factors like interchange fees, assessment fees, payment processor charges, card type, transaction volume, and business type. Generally, it can range from around 1.5% to 3.5% or more of the transaction amount. For regular credit cards, these charges typically refer to foreign transaction fees and payment processor fees from card networks Visa, Mastercard, and American Express.
That said, this processing fee imposed on credit cards with 0% instalment plans specifically applies to instalment plans.