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

GXS Bank

A NOTE FROM SINGAPORE BUSINESS REVIEW

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.

The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.

So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia