Annual fees on bank cards: All charge cards offered by banks (at least a major percentage of them), include an annual fee. The annual price generally differs from card to a different, actually in the event of cards provided by exactly the same bank. Frequently, Premier cards offering greater benefits than normal cards come with a higher annual fee.
As the Main card most likely posseses an annual cost, supplementary cards also come with an annual cost in most cases. Sometimes, the annual price on the supplementary card is waived for the initial 12 months - this really is to myprepaidcenter.com . the card more aggressive and in-demand. Particular banks waive the annual price on the primary card as properly - for the initial year, or first couple of years, or longer.
Annual charge of interest; All transactions you make using your credit card entice a specific charge of interest known as the annual percentage charge of interest (APR). The interest rate is dependent on the bank that's providing the card and the sort of card. The interest rate for many charge cards is Singapore is between 23% p.a. and 30% p.a.
Banks allow for a pursuit free time of about 21 days from the launch of the statement (again, this depends upon the bank and the type of card) and don't charge a pastime if the quantity is repaid completely in this interest free window. If the total amount isn't paid before the end of the fascination free period, curiosity prices may appropriately maintain applicable.