GXS Bank launches its first credit card & it has no minimum income requirement
Ever wanted to enjoy the perks of a credit card but were held back by income requirements or high interest rates?
Well, we’ve got good news for you.
GXS Bank is launching its first-ever credit card, the GXS FlexiCard — and unlike most traditional credit cards, there are no minimum income requirements.
Image courtesy of GXS Bank
As long as you’re a Singapore Citizen or Permanent Resident between the ages of 21 and 55, you are eligible to apply and start enjoying all the perks right away.
Singapore’s only interest-free credit card with unlimited instant cashback
While the GXS FlexiCard comes with a modest S$500 credit limit, it packs pretty much the same punch as a full-fledged credit card.
As Singapore’s first interest-free credit card with unlimited instant cashback, it has your back when it comes to saving on everyday spends. No more stressing over hidden fees when you tap for your morning kopi or load up on groceries.
Source: DragonImages on Canva
Plus, with the instant cashback directly offsetting your current bill, every eligible purchase will make you feel like you’re getting a mini reward in return.
Here’s how it works: spend just S$10 on an eligible transaction, and you can get up to S$3 cashback. It’s like having your own personal discount on everything you buy.
It gets better. Spend S$200 on qualifying transactions by the end of the next calendar month after you get your GXS FlexiCard and GXS Bank will throw in S$20 cashback as a sign-up bonus.
Eligible transactions include dining, public transportation, groceries, shopping, and even movie tickets. That’s almost everything we spend on if you ask us.
And the magic doesn’t stop at local spending. With the year-end holidays just around the corner, the GXS FlexiCard is your ideal travel buddy.
Source: Odua Images on Canva
It waives all foreign transaction fees and offers no markup on exchange rates, so you can say goodbye to hefty bank fees and hello to a stress-free, budget-friendly trip abroad.
Flexible repayment plans available
As mentioned earlier, the GXS FlexiCard is available to a wide range of individuals, regardless of income.
This makes it perfect for folks without a consistent stream of income, whether it’s gig workers juggling multiple side hustles, students stretching their allowances while saving for that new pair of sneakers, or just anyone looking to start building their credit score in general.
When it comes to payments, the GXS FlexiCard offers lots of flexibility — just like its name suggests.
You can choose to pay in full or go for the partial repayment plan. If you opt for the partial repayment plan, you only need to make a minimum payment of S$15 to carry over your balance to the next month. A Flexi fee of S$5 will be billed during the next billing cycle.
One more thing to note: while there’s an annual fee of S$54.50, it will be waived for the first year, making it even easier to start your credit journey without any extra costs.
Start building your credit score with GXS FlexiCard
A positive credit score can open doors to various financial opportunities in Singapore.
For instance, it can significantly impact your ability to secure loans for big-ticket purchases, such as housing or a car.
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Plus, a good credit score often translates to better interest rates and terms, which means more savings in the long run.
It can also enhance your chances of getting approved for other credit cards with higher limits and attractive rewards, allowing you to enjoy even more benefits as you manage your finances.
To learn more about the GXS FlexiCard, head over to the official website. And don’t forget to follow GXS Bank on Facebook and Instagram for the latest updates and exclusive promotions.
While these benefits are undoubtedly attractive, it’s important to spend responsibly.
By carefully managing your finances, you can not only enjoy these perks but also build a strong credit history and pave the way for a more secure financial future.
This article was brought to you in collaboration with GXS Bank.
Terms and conditions apply.
GXS Bank is a digital bank owned by Grab and Singtel. Approval of your application is subject to receipt of all supporting documents and further review. GXS Bank reserves the right to approve or reject your application without providing any reasons.
GXS Bank is not affiliated with MustShareNews. The GXS FlexiCard is provided by GXS Bank. GXS Bank holds a banking licence and is regulated by the Monetary Authority of Singapore.
Terms and conditions apply. For the full terms and conditions of GXS FlexiCard, visit the GXS Bank website.
Featured image adapted from GXS Bank on Facebook and Odua Images on Canva.
