, Singapore
5659 views
Photo by Karolina Grabowska via Pexels.

GXS Bank launches credit card with flat fees and no interest

It has a limit of S$500 with a S$5 extension fee.

GXS Bank has launched the GXS FlexiCard, which charges flat fees instead of interest on outstanding balances.

The FlexiCard has a limit of S$500, with a S$5 extension fee, the digital bank said in a press release. 

It also offers instant cashback for eligible transactions; no foreign transaction fees on overseas purchases; and the option to choose their preferred repayment date.

For customers who are unable to repay their outstanding balance in full, they can pay the minimum payment amount of as low as S$15 on top of the extension fee.

GXS Bank’s head of retail Jenn Ong highlighted that the card is available to workers who earn less than $2,500 a month and do not meet income requirements for most credit cards in the market.

“The GXS FlexiCard could be their first credit product and that is why we designed it to safeguard them from the burden of snowballing interest repayments while ensuring flexible repayment options, transparent charges, and instant cashback,” Ong said in a statement.

The card is available to Singaporeans and permanent residents aged 21 to 55. 

There is no income requirement to apply for the GXS FlexiCard, the bank said.

Follow the link for more news on

Pembekuan pendanaan menghantam penyedia layanan BNPL

Investor semakin sedikit mengalirkan dana ke penyedia layanan BNPL yang sudah menghadapi keuntungan margin yang tipis.

HSBC: Aliansi bank-fintech merupakan win-win

Pemberi pinjaman dapat belajar dari teknologi disruptif sambil membantu mereka mematuhi regulasi.

Tokenisasi aset perdagangan untuk menjembatani kesenjangan pembiayaan

Teknologi blockchain dapat mendesentralisasikan operasi keuangan dan mempermudah akses kredit.

BCA menjalankan komitmen terhadap keuangan berkelanjutan

Bank asal Indonesia ini mempertimbangkan aspek lingkungan dan tata kelola dalam keputusan pemberian pinjaman.

Mengapa UNOBank mendorong embedded finance tumbuh di Filipina

Bagi UNOBank, banking interface terpadu adalah strategi pertumbuhan sekaligus upaya inklusi keuangan.

OCBC mencoba mengurangi kesenjangan manfaat bagi agen properti di Singapura

Produk terbarunya menawarkan manfaat finansial di bidang perbankan, asuransi, dan perdagangan.

Upaya Malaysia menjadi anggota BRICS untuk mendorong perombakan sistem perbankan

Namun, tantangan muncul ketika menjauh dari ketergantungan pada AS dan SWIFT.

Platform pembayaran PingPong memperoleh lisensi PJP di Indonesia

PingPong mengincar ekspansi ke pasar ekspor senilai $320 miliar di negara tersebut.

Merger dan penutupan mengancam 3.800 bank di area pedesaan Cina

Sekitar 70 bank di area tersebut telah merger sejak 2023.