When youвЂ™re in hopeless need of cash which you donвЂ™t have, one choice is to withdraw cash utilizing your charge card. ThatвЂ™s right. All that’s necessary would be to have a PIN for your bank card вЂ“ one must have been given for your requirements when you received it. With that PIN, it is possible to visit any ATM in Singapore and acquire the cash you want. Seems easy, right? Know what else is easy? Getting a glass or two from a stranger at a bar, after which getting out of bed the morning that is next a kidney.
Huh? What beverage using what complete stranger? DonвЂ™t scare me personally lahвЂ¦
Whenever you withdraw money from your charge card account, just what youвЂ™re actually doing is taking out fully a short-term advance loan against your credit cardвЂ™s credit restriction. This loan is on a revolving foundation, this means youвЂ™re being charged interest from the outstanding quantity from the 2nd you withdrew the funds in the ATM.
But I was thinking that I wonвЂ™t be charged any interest if I pay my credit card bill in full and on time!
That just relates to retail transactions вЂ“ like shopping, or dining or stuff that is buying. Continue reading