The Anatomy of A Credit Card Transaction
Credit cards are not among the most transparent products in the world, yet most of us use them on a daily basis.
Have you ever wondered how they work? What processes are taking place in the background when you swipe your card? How does the retailer get paid, and how does your bank keep track of how much you owe on your credit card?
In this infographic, we explain the inner workings of a credit card, as well as offer tips to credit card holders on how you can minimise the fees on their card, and what to do if you’re in too much debt.
We offer a comprehensive comparison of credit cards offered by different banks in Singapore – be sure to have a look before deciding which one to apply for!