Beware of Hidden Credit Card Charges

The issue of extra charges is prevalent not only with overseas credit card transactions but can also arise with transactions on local websites with an “.sg” suffix, where payments are processed overseas (“Riding with Uber? Read fine print on extra charges“). Even though you are billed in Singapore Dollars (SGD), some banks and credit card companies will charge you about 1% of the total fee (depending on which credit card you used). According to this source, a few financial institutions such as ANZ, UOB, HSBC, CIMB, Maybank, Standard Chartered, POSB, DBS, Bank of China may charge an additional (Dynamic currency conversion) fee, alternative option is to link these cards to Paypal to avoid further transaction fee.

Uber is not the only company that have their payment processed overseas, others that Askmelah is aware of are Cheaptickets.sg and Groupon, in the case of Cheaptickets.sg the extra fee will be much higher as hotels and airticket costs are many folds that of Uber!

Posted in What's New

Leave a Reply

Your email address will not be published. Required fields are marked *

*

     

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

Google Search

Loading

Categories

My favourite quote today

"I am afraid the cruise ship is over capacity limit, and it used to be a luxury cruise ship. The designer’s claim that it is not sinkable, the name is Titanic. There are not enough life boats, no preparation or provision for failure. Thank you Mr Goh for reminding us." - Low Thia Khiang

"Till today, I am still puzzled by why the PAP cannot fight a fair election without gerrymandering, abusing the GRC system, basically, making sure they enter into a boxing ring with an opponent who is expected to fight them with hands tied behind the back. There is a reason why bullies are not popular in schools. Why not be the school prefect?" - Alvinology

"The question to ask is what lies at the root of the discontent or the disengagement between the G and the people. I am going to stick my neck out and say that it is ministerial salaries. I consider it the root of all evil. Serious. It reduces what should be a social compact into a business contract. " - Bertha Henson