Trust Card Singapore: The Ultimate Guide to Building Trust with Your Customers
If you’re looking for a credit or debit card in Singapore that offers competitive rates and attractive benefits, you might want to consider a Trust card. Trust cards are issued by Trust Bank, a joint venture between Standard Chartered Bank and NTUC, and are designed to meet the needs of Singaporeans from all walks of life.
Trust cards come in different types, each with its own set of benefits and features. Some Trust cards offer cashback or rewards points for every dollar spent, while others offer discounts on dining, groceries, travel, and other expenses. Some Trust cards have no annual fees, foreign transaction fees, or cash advance fees, making them a good choice for frequent travellers or those who use their cards for online shopping.
If you’re interested in getting a Trust card, it’s important to understand how they work and what benefits they offer. In this article, we’ll take a closer look at Trust Card Singapore, including its benefits and financial features, and answer some frequently asked questions about Trust cards. Whether you’re a seasoned credit card user or a first-time applicant, this article will help you make an informed decision about whether a Trust card is right for you.
Key Takeaways
- Trust cards are issued by Trust Bank, a joint venture between Standard Chartered Bank and NTUC, and offer a range of benefits and features.
- Trust cards come in different types, with some offering cashback or rewards points, and others offering discounts on dining, groceries, and travel.
- To make an informed decision about whether a Trust card is right for you, it’s important to understand how they work and what benefits they offer.
Understanding Trust Card Singapore
What Is Trust Card?
Trust Card is a digital credit and debit card that can be used for online transactions, in-app purchases, offline and recurring payments, and in-store purchases if you have enrolled your card for Apple Pay and/or Google Pay. The card is issued by Trust Bank, a digital bank that offers eco-friendly ocean plastic credit and debit cards. Trust Card has eligibility requirements including a minimum income and charges interest and penalty fees if you don’t repay your bill in full every month.
The Partnership Behind Trust Bank
Trust Bank is a joint venture between Standard Chartered and the National Trades Union Congress (NTUC). The bank received a banking license from the Monetary Authority of Singapore in 2019, and its shareholders include NTUC Enterprise, Dwaipayan Sadhu, and GXS. The partnership between Standard Chartered and NTUC aims to provide affordable and accessible banking services to Singaporeans.
Trust Card’s Unique Features
Trust Card offers unique features such as the ability to accumulate Linkpoints and enjoy savings when you shop at FairPrice if you are an NTUC Union member. The card also has no annual fees, foreign transaction fees, cash advance fees, or card replacement fees. Additionally, Trust Card is eco-friendly as it is made from ocean plastic.
In summary, Trust Card Singapore is a digital credit and debit card issued by Trust Bank, a joint venture between Standard Chartered and NTUC. The card offers unique features such as the ability to accumulate Linkpoints, no annual fees, and is eco-friendly.
Benefits and Financial Features
As a Trust card user, you can enjoy a range of benefits and financial features that make managing your money easier and more rewarding. Here are some of the key benefits:
Rewards and Savings for Users
The Trust card offers a range of rewards and savings for users. As an NTUC Union member, you can accumulate Linkpoints when you use your Trust card for purchases at FairPrice stores. You can also earn rebates on your spending and enjoy discounts on insurance premiums and telecommunications bills. Plus, there is no annual fee for the card, making it a cost-effective option for managing your finances.
Innovative Card Features and Security
The Trust card comes with a range of innovative features that make it a secure and convenient way to manage your money. The card has dual functionality, allowing you to use it as both a debit and credit card. You can also set a spending limit and track your spending using the Trust app. The card is also designed to be secure, with no cash advance fee and no foreign transaction fee. Plus, the card is numberless, making it more secure when you use it for online transactions.
Comparing Trust Card with Other Digital Banks
When it comes to choosing a digital bank, Trust card is a great option. Compared to other digital banks, Trust card offers a range of benefits, including no foreign transaction fee and no cash advance fee. Plus, you can enjoy Link rewards and savings on your spending. Other digital banks, such as YouTrip and Wise, offer benefits such as competitive exchange rates for overseas use and cashback on your spending. It’s important to compare the benefits and features of each digital bank to find the one that best suits your needs.
Overall, the Trust card offers a range of benefits and features that make managing your money easier and more rewarding. Whether you’re looking to earn rewards on your spending or want a secure and convenient way to manage your finances, the Trust card is a great option. So why not sign up for a Trust card today and start enjoying the benefits of this innovative digital bank?
Frequently Asked Questions
What are the perks of using a Trust card?
Using a Trust card comes with several perks, including the ability to make online transactions, in-app purchases, and offline payments. You can also use your Trust card for recurring payments, such as insurance policy premiums and telecommunications bills. If you have enrolled your card for Apple Pay and/or Google Pay, you may use them for in-store purchases. Additionally, Trust cardholders can accumulate LinkPoints and enjoy savings when shopping at FairPrice.
How can one apply for a Trust card in Singapore?
To apply for a Trust card in Singapore, you can go to your ‘Money’ tab and select ‘More for you’, then ‘Apply now’ to begin your application. You will be able to choose your repayment date and credit limit during the application process.
Is the Trust card accepted for public transport fares like the MRT?
No, the Trust card is not currently accepted for public transport fares like the MRT. However, you can use your Trust card for other daily expenses such as groceries, bills, and online shopping.
What should I know about using my Trust card when travelling abroad?
When using your Trust card abroad, it is important to inform the bank beforehand to avoid any inconvenience. You should also be aware of any foreign transaction fees that may apply. Additionally, it is recommended that you use your Trust card for larger purchases and withdraw cash from ATMs sparingly to avoid incurring unnecessary fees.
How can I contact customer support for my Trust card?
If you have any questions or concerns regarding your Trust card, you can contact customer support by calling the number on the back of your card or visiting the Trust Bank Singapore website.
Which financial institution issues the Trust cards?
The Trust cards are issued by Trust Bank Singapore, a digital bank that offers a range of banking services designed to provide a convenient, secure, and rewarding way to manage your finances.