Tuesday, 9 September 2014

Applying For Your First Credit Card

It's a big world out there!

Sooner or later, you realise that having a Credit Card might be essential in your everyday life as you're growing up.

Or maybe you just decided that having a Credit Card would boost your image or there are many benefits of owning one.

I also happened to see an advertisement on Facebook about a credit card that DBS came up with, designed to target tertiary students and the younger crowd.

DBS Live Fresh Platinum Card! However, most teenagers would probably go for the POSB Everyday  Card right? I am not sure either, but POSB happens to be the more common bank that most teens begin with! 

So what are the similarities and differences? Let's go in-depth.

Viewing from all this, LiveFresh could be the better choice if you're using this to complement your lifestyle as it's primary focus is being a lifestyle card.

Benefits include waiver, using as ez link etc etc.

Anyone using this card? Feel free to share your comments!

Signing off,
Teenage Investor


  1. Hmmm.. You mentioned teenagers/students etc. I'm not sure if you meant by now or the future that we(yes, including me) will be going for the POSB card mentioned above. Are you aware that we(teenagers/students etc) do not qualify for those cards at the moment? Hahaha.. They require an income.

    For people like us, from my findings, there's a few other credit cards out there that we can qualify for. They're from CIMB, Standchart, Maybank and Citibank. Personally I prefer the one from Maybank. As it is technically free for as long as you make a transaction with it every X months(can't recall) while the rest have annual fee. At the end of the day, you will have to judge for yourself if the benefits that you can utilise is worth the annual fee that you're paying. For myself, my intention of getting a credit card is to build up a credit score.

    Anyway, Hi! I've just started blogging recently and came across your blog 1-2 weeks back and been reading your posts. Feel free to visit my blog: www.thefrugalmat.blogspot.com

    1. Hi Mat! Nice to see a fellow blogger on the scene! Yup I'm aware that most of us do not yet qualify for a credit card, simply just stating that as we are growing up we may soon see the need for it. And as advertised on FB, they did state "For Tertiary Students" but I can't find the advertisement anymore haha!

      Personally, I would find that I am not yet ready to own a credit card, even if I qualify for one based on my preference. A debit card should work fine for me as of now.

      Thank you for linking my blog, I will do the same. Do keep the blogposts coming I enjoy reading financial blogs and see the various strategies each investor has!