Apr 26 2012, 11:58 AM
QUOTE(seantang @ Apr 26 2012, 11:37 AM)
MAS sets a minimum income requirements for Singaporeans and foreigners to obtain credit cards from Singapore registered banks. I think it's something like $30K or 36K per annum.
But many banks have higher end cards with higher income requirements to segment the market and filter out the customer base their want. This Premiermiles card seems to be one of them. Many Platinum cards have $48K requirement instead of the minimum $30K.
I heard those cards with atas names like INFINITE, ULTIMATE, ULTIMA etc have $250K income requirement.
not sure how true is this.But many banks have higher end cards with higher income requirements to segment the market and filter out the customer base their want. This Premiermiles card seems to be one of them. Many Platinum cards have $48K requirement instead of the minimum $30K.
I heard those cards with atas names like INFINITE, ULTIMATE, ULTIMA etc have $250K income requirement.
but it seems that MAS has increased the limit for foreigners.
now u need 5k basic.
that is what a lot of card salesperson ask me after they know I am on EP.
Quote
... total nearly sgd 50k in 2 months also.. i was so cash short, dare not borrow money from colleagues as i was new fearing it might damage my reputation and there's no ah loong in singapore... i ended up borrowing those easy cashline from several banks, ended up paying 24% interest p.a. 
in sg those banks are the ah loong!!! i had learned my lesson... although entering casino for foreigners is free, it is actually a trap... 
sure kena bantai 
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