SG Talk

i was thinking for >10 yrs ago why MAS did not allow retireees who are rich every mth drawing >2k fr their pension fund (cpf mthly withdrawal  after age 60 onwards) to apply for cr cards

must insist on application based on mthly salary 2k

job is not permanent whereas cpf withdrawal is guaranteed.

maybe now then pap see that silver generation may help the local consumer industry as now then waken up that need to emulate JAPAN. 
AFTER THIS RULE IS RELAXED BANKS WILL BE BUSY WITH MANY APPLICATIONS FOR CR CARDS AS COMPETITON IS HOT FOR NEW CUSTOMERS WHO TAKE ADVANTAGE TO GET PROMOTIONAL GIFTS

Cos retirees are not foreigners and it is outgoing expense not incoming funds. Major difference between cpf withdrawal and salary.

Who in MAS forgot to review the policies 5 YEARS ago?

Retarded Alvin Tan or Nuar- Nuar??

Many other countries allow retirees to hold credit cards

for LOW income even 15 or even 25 YEARS ago.

PAP is like SAI.