The 20 Best Balance Transfer Options in Singapore
For individuals in Singapore seeking a way to manage their credit card debt more effectively, balance transfer can be a valuable tool. By transferring their existing credit card balance to a new credit card with a lower interest rate or promotional period, they can save money on interest and pay off their debt more quickly.
It's important to compare the balance transfer options available in Singapore to find the best one for their needs. Factors to consider include the length of the promotional period, the interest rate after the promotional period ends, and any fees associated with the transfer. Below is a list of the 20 best balance transfer options in Singapore, along with key points to help individuals make an informed decision.
- Citibank Ready Credit Balance Transfer
- HSBC Credit Card Balance Transfer
- Standard Chartered Funds Transfer
Find the perfect balance transfer option in Singapore that suits your financial goals and start saving on interest today.
- 1. Galaxy Credit | Best Money Lender in Ang Mo Kio | Top Singapore Loan Company
- 2. BST Credit Pte Ltd | Personal Loan Licensed Moneylender Singapore
- 3. 365 Credit Solutions: Best Licensed Money Lender Singapore Orchard Far East Plaza | Personal Loan Singapore | Foreigner Loan
- 4. 1 Fullerton Credit: Licensed Money Lender Singapore Telok Ayer Chinatown | Personal Loan Singapore | Foreigner Loan
- 5. A1 Credit: Best Licensed Money Lender Singapore | Urgent Personal Loan Singapore Chinatown | Foreigner Loan | Fast Cash Loan
- 6. Bugis Credit: Licensed Money Lender | Urgent Personal Loan Singapore | Foreigner Loan | Low Interest Monthly Repayment
- 7. Monetium Credit | Licensed Moneylender Singapore Rochor | Cash Loan Singapore | Personal Loan
- 8. PIT-STOP CREDIT(SG) PTE LTD
- 9. TCC Credit Co-operative Limited
- 10. MoneySmart Singapore
- 11. SingSaver
- 12. Wise
- 13. Instant Loan : Best Personal Loan in Singapore
- 14. ANEXT Bank Pte. Ltd.
- 15. CYS Global Remit Pte Ltd
- 16. CMC Markets Singapore
- 17. Punggol Exchange
- 18. DCS Card Centre Pte. Ltd.
- 19. Big Pay Pte. Ltd.
- 20. PayCEC Singapore
- Monday: Closed
- Tuesday: 11 AM–7:30 PM
- Wednesday: 11 AM–7:30 PM
- Thursday: 11 AM–7:30 PM
- Friday: 11 AM–7:30 PM
- Saturday: 11 AM–7:30 PM
- Sunday: Closed
1. Galaxy Credit | Best Money Lender in Ang Mo Kio | Top Singapore Loan Company
Information and Reviews
With a perfect rating of 5.0 stars, the reviews speak for themselves:
- Staff are very nice and friendly, highly recommended.
- The front desk officers are all friendly, professional, and understanding.
- Highly recommended, very professional service.
- Friendly and cheerful staff, patient and professional.
Customers praise the team members such as Issac, Karen, KK, Joey, and Jeffrey for their exceptional service. Whether it's a first-time visit or a long-time customer, Galaxy Credit stands out for their friendly and welcoming atmosphere, dedicated staff, and efficient loan services.
- Monday: 11 AM–8 PM
- Tuesday: 11 AM–8 PM
- Wednesday: 11 AM–8 PM
- Thursday: 11 AM–8 PM
- Friday: 11 AM–8 PM
- Saturday: 11 AM–8 PM
- Sunday: Closed
2. BST Credit Pte Ltd | Personal Loan Licensed Moneylender Singapore
Information and Reviews
- Flawless service with easy-to-understand explanations and a friendly atmosphere.
- Fast and efficient service without unnecessary complications.
- Professional and neatly-handled application processes with friendly and polite staff.
- Meticulous assistance throughout the loan process, clear explanations, and overall excellent service.
Experience the excellence and professionalism at BST Credit Pte Ltd for all your loan needs.
- Monday: 10:30 AM–8:30 PM
- Tuesday: 10:30 AM–8:30 PM
- Wednesday: 10:30 AM–8:30 PM
- Thursday: 10:30 AM–8:30 PM
- Friday: 10:30 AM–8:30 PM
- Saturday: 10:30 AM–5 PM
- Sunday: 10:30 AM–5 PM
3. 365 Credit Solutions: Best Licensed Money Lender Singapore Orchard Far East Plaza | Personal Loan Singapore | Foreigner Loan
Information and Reviews
- Staff member named Joshua was kind, polite, and made the process easy and comfortable for a first-timer.
- The team is very professional, friendly, and quick to help with any loan enquiries.
- Customers feel comfortable and well taken care of by the friendly and helpful staff.
- Overall, the staff are described as very professional, easy to approach, and friendly.
At 365 Credit Solutions, customers can expect top-notch service, whether they need a personal loan or foreigner loan. The business offers online appointments and on-site services for added convenience. Additionally, the accessible facilities, including a wheelchair-accessible car park and entrance, ensure that all customers can easily access the services provided. Visit their website or give them a call to experience the outstanding service for yourself.
- Monday: Closed
- Tuesday: 10:30 AM–8 PM
- Wednesday: 10:30 AM–8 PM
- Thursday: 10:30 AM–8 PM
- Friday: 10:30 AM–8 PM
- Saturday: 10:30 AM–4:30 PM
- Sunday: 10:30 AM–4:30 PM
4. 1 Fullerton Credit: Licensed Money Lender Singapore Telok Ayer Chinatown | Personal Loan Singapore | Foreigner Loan
Information and Reviews
With a stellar rating of 5.0, it's clear that customers are highly satisfied with the services provided by 1 Fullerton Credit. Some key points from customer reviews include:
- The processing is quick and efficient, with approval chances above 70% when documents are in order.
- Staff members are helpful, patient, and provide thorough explanations throughout the process.
- The team is friendly, understanding, and goes the extra mile to assist customers with their financial needs.
- Clients appreciate the fast and effective service provided by the staff, making it a highly recommended option for anyone in need of financial assistance.
Overall, 1 Fullerton Credit stands out as a reliable and customer-oriented moneylender in Singapore, offering personalized and transparent financial solutions to meet the needs of their diverse clientele.
- Monday: 11 AM–8:30 PM
- Tuesday: 11 AM–8:30 PM
- Wednesday: 11 AM–8:30 PM
- Thursday: 11 AM–8:30 PM
- Friday: 11 AM–8:30 PM
- Saturday: 11 AM–5 PM
- Sunday: 11 AM–5 PM
5. A1 Credit: Best Licensed Money Lender Singapore | Urgent Personal Loan Singapore Chinatown | Foreigner Loan | Fast Cash Loan
Information and Reviews
The business is known for its excellent customer service and professionalism. Customers have praised the helpful and patient staff who take the time to thoroughly explain all the details of the process. Although the process may not be the fastest, it is described as being smooth and efficient.
Here are some key points from customer reviews:
- Staff was very nice and patient, explained all details thoroughly
- Service and location are good, staff is helpful, polite, and professional
- Fast and Easy process with polite and professional staff
- Very good staff, explain properly, patient, and happy to assist
With a high rating of 4.9 stars and glowing reviews from satisfied customers, A1 Credit is a trusted choice for those in need of financial assistance in Singapore.
- Monday: 11 AM–8 PM
- Tuesday: 11 AM–8 PM
- Wednesday: 11 AM–8 PM
- Thursday: 11 AM–8 PM
- Friday: 11 AM–8 PM
- Saturday: 11 AM–5 PM
- Sunday: 11 AM–5 PM
6. Bugis Credit: Licensed Money Lender | Urgent Personal Loan Singapore | Foreigner Loan | Low Interest Monthly Repayment
Information and Reviews
- Very accommodating and helpful staff
- Friendly and efficient service
- Clear explanations and transparent processes
- Detail-oriented and meticulous loan officers
With service options such as online appointments and on-site services, Bugis Credit ensures a seamless and customer-friendly experience for all loan applicants. Their dedicated team, led by professionals like Ms. Lim, Albee, Nini, Luna, and Ting, has received high praise for their excellent customer service and patient assistance. Whether it's a first-time loan or a repeat customer, Bugis Credit is known for its transparency and accessible support throughout the borrowing process.
- Monday: 10 AM–7:30 PM
- Tuesday: 10 AM–7:30 PM
- Wednesday: 10 AM–7:30 PM
- Thursday: 10 AM–7:30 PM
- Friday: 10 AM–7:30 PM
- Saturday: 10 AM–7:30 PM
- Sunday: 10 AM–7:30 PM
7. Monetium Credit | Licensed Moneylender Singapore Rochor | Cash Loan Singapore | Personal Loan
Information and Reviews
- Professional and efficient service with friendly staff
- Helpful and kind employees willing to go the extra mile
- Transparent and detailed information on services and procedures
- Highly recommended for excellent customer service
They offer cash loans, personal loans, and other financial solutions tailored to the individual needs of each client. The team at Monetium Credit is committed to providing excellent customer service and ensuring a seamless loan application process. With wheelchair-accessible facilities, they strive to make their services easily accessible to all individuals. If you're looking for a trustworthy and reliable moneylender in Singapore, Monetium Credit is the place to visit.
- Monday: 11 AM–7 PM
- Tuesday: 11 AM–7 PM
- Wednesday: 11 AM–7 PM
- Thursday: 11 AM–7 PM
- Friday: 11 AM–7 PM
- Saturday: 11 AM–5 PM
- Sunday: Closed
8. PIT-STOP CREDIT(SG) PTE LTD
Information and Reviews
- Fast and efficient service
- Highly friendly and professional staff
- Great financial advice and solutions
- Flexible and easy loan process
Customers have praised the company for its quick response, clean environment, detailed explanations, and flexible loan options. The friendly loan officers are commended for their patience and professionalism, making the whole process smooth and hassle-free for the clients. Highly recommended for anyone looking for reliable financial solutions!
- Monday: 9 AM–6 PM
- Tuesday: 9 AM–6 PM
- Wednesday: 9 AM–6 PM
- Thursday: 9 AM–6 PM
- Friday: 9 AM–6 PM
- Saturday: 9 AM–1 PM
- Sunday: Closed
9. TCC Credit Co-operative Limited
Information and Reviews
Customer reviews highlight the outstanding service provided by staff members like Alice and Richard. Clients praise their patience, professionalism, and willingness to go above and beyond to assist with various financial transactions. Here are a few key points from customer reviews:
- Efficient assistance with transactions and account verification
- Clear explanations of services and guidance offered for future transactions
- Personalized recommendations for enhancing membership benefits
- Professionalism and patience in handling administrative matters
Visitors to TCC Credit Co-operative Limited can expect a welcoming environment and top-notch financial services, making every interaction memorable and stress-free.
- Monday: 10 AM–7 PM
- Tuesday: 10 AM–7 PM
- Wednesday: 10 AM–7 PM
- Thursday: 10 AM–7 PM
- Friday: 10 AM–7 PM
- Saturday: Closed
- Sunday: Closed
10. MoneySmart Singapore
Information and Reviews
- Efficient process for claiming credit card promotion rewards with prompt customer service.
- Proactive approach in providing updates and alerts on financial status and deadlines.
- User-friendly website, straightforward claim processes, and excellent customer support for credit card and loan applications.
- Quick reward fulfillment through the Smartpoints option for a fast and seamless experience.
MoneySmart Singapore strives to make financial planning and decision-making as convenient and rewarding as possible for their customers, ensuring a positive and efficient experience for all.
- Monday: Closed
- Tuesday: 9 AM–6 PM
- Wednesday: 9 AM–6 PM
- Thursday: 9 AM–6 PM
- Friday: 9 AM–6 PM
- Saturday: Closed
- Sunday: Closed
11. SingSaver
Information and Reviews
- Customers rave about the exceptional service provided by the staff, with special mentions to Jeremy for going above and beyond in assisting with insurance needs.
- The platform is user-friendly, allowing customers to easily compare a wide range of financial products such as credit cards, receiving helpful guidance along the way.
- Several customers have highlighted the remarkable customer service provided by SingSaver, praising the team's responsiveness and knowledge in addressing queries promptly.
- Customers appreciate the transparency and honesty of SingSaver in honoring promotions, ensuring that free gifts and rewards are delivered as promised.
SingSaver's commitment to customer satisfaction and excellence in service is evident through the glowing reviews it has received. If you are in Singapore and seeking financial products, SingSaver comes highly recommended by satisfied customers.
- Monday: 9 AM–6 PM
- Tuesday: 9 AM–6 PM
- Wednesday: 9 AM–6 PM
- Thursday: 9 AM–6 PM
- Friday: 9 AM–6 PM
- Saturday: Closed
- Sunday: Closed
12. Wise
Information and Reviews
- Easy setup of Euro and NZ dollar accounts
- Smooth and fast transfers at great rates
- Unbelievable ease of use with excellent exchange rates
- Instant digital card issuance and quick physical card delivery
With a rating of 4.2 stars based on 1206 reviews, Wise is a trusted choice for individuals and businesses seeking reliable and cost-effective financial solutions.
- Monday: Open 24 hours
- Tuesday: Open 24 hours
- Wednesday: Open 24 hours
- Thursday: Open 24 hours
- Friday: Open 24 hours
- Saturday: Open 24 hours
- Sunday: Open 24 hours
13. Instant Loan : Best Personal Loan in Singapore
Information and Reviews
- Customers appreciate the professionalism and efficiency of the services provided.
- The staff is knowledgeable and helpful, guiding customers through the loan process with ease.
- Many customers have noted the competitive rates offered by Instant Loan.
If you are in need of a personal loan in Singapore, consider Instant Loan for a reliable and trustworthy experience.
14. ANEXT Bank Pte. Ltd.
Information and Reviews
- Efficient onboarding process with account setup completed in minutes.
- Transparent pricing with no hidden fees on basic banking services.
- Simple functions suitable for business usage, making it perfect for startups.
- Some customers have expressed concerns about slow response times and confusion with wire transfers.
With a rating of 3.4 and a mix of positive and critical reviews, ANEXT Bank Pte. Ltd. strives to provide quality services while addressing any feedback from customers to improve their overall banking experience.
- Monday: 10 AM–6 PM
- Tuesday: 10 AM–6 PM
- Wednesday: 10 AM–6 PM
- Thursday: 10 AM–6 PM
- Friday: 10 AM–6 PM
- Saturday: Closed
- Sunday: Closed
15. CYS Global Remit Pte Ltd
Information and Reviews
- Hidden inside a office building, the company looks more professional, offers more services, and provides better rates compared to others in the area.
- One customer initially found the location strange but soon realized that CYS Global Remit Pte Ltd offers the best rates in town and can do more than just money changing.
- Many customers appreciate the helpful and professional staff, highlighting the good rates as a key factor in their positive experience.
- Some individuals have mentioned negative experiences with customer service, but these instances seem to be in the minority.
Overall, CYS Global Remit Pte Ltd stands out for its dedication to providing quality service and competitive rates in the money transfer industry.
- Monday: 9 AM–7 PM
- Tuesday: 9 AM–7 PM
- Wednesday: 9 AM–7 PM
- Thursday: 9 AM–7 PM
- Friday: 9 AM–7 PM
- Saturday: Closed
- Sunday: Closed
16. CMC Markets Singapore
Information and Reviews
- Customers have expressed frustration with funding delays and wide spreads on US stocks.
- Platform issues such as lagging and inaccurate pricing have been reported, giving a shady experience.
- Some customers have complained about poor client management and delays in receiving bonuses.
- Positive reviews highlighted excellent customer service, user-friendly platform, and a good range of products.
With a rating of 2.8 out of 5 based on 35 reviews, CMC Markets Singapore continues to strive for customer satisfaction and aims to provide a seamless trading experience.
- Monday: 11 AM–9 PM
- Tuesday: 11 AM–9 PM
- Wednesday: 11 AM–9 PM
- Thursday: 11 AM–9 PM
- Friday: 11 AM–9 PM
- Saturday: 11 AM–9 PM
- Sunday: 11 AM–9 PM
17. Punggol Exchange
Information and Reviews
- One customer highlighted the importance of double-checking rates before exchanging money and recommended walking away if there are discrepancies.
- Another customer praised the professionalism of the staff, emphasizing that the service was reliable and efficient.
- A different customer expressed suspicion about the lack of displayed rates, advising others to inquire about rates before proceeding with exchanges.
- One customer shared a negative experience where the exchanged amount was short initially but corrected promptly by the staff.
Despite some mixed reviews, Punggol Exchange continues to attract customers seeking currency exchange services. With a rating of 2.2, the business strives to meet customer needs and provide a reliable platform for money transfers.
- Monday: 9 AM–5:30 PM
- Tuesday: 9 AM–5:30 PM
- Wednesday: 9 AM–5:30 PM
- Thursday: 9 AM–5:30 PM
- Friday: 9 AM–5:30 PM
- Saturday: Closed
- Sunday: Closed
18. DCS Card Centre Pte. Ltd.
Information and Reviews
- Customers have expressed frustration with the service provided by the staff, citing difficulties in contacting the company for fee waivers and other issues.
- Many clients have complained about the lack of response to their emails and phone calls, with some reporting long waiting times and unhelpful automated responses.
- Several customers have highlighted issues with the app functionality and expressed dissatisfaction with the inability to seek fee waivers for certain services.
- Overall, reviewers have had negative experiences with DCS Card Centre Pte. Ltd., citing poor customer service and communication as major areas of concern.
19. Big Pay Pte. Ltd.
Information and Reviews
Customers have left some reviews about their experiences with Big Pay Pte. Ltd.:
- Customers find the customer support process cumbersome, requesting various documents and information after their accounts are blocked.
- Some users have reported misleading FAQs and a poor sign-up experience, recommending others to seek services elsewhere.
- There have been complaints about delays in responding to customer support inquiries and difficulties in transferring e-wallet balance to local banks.
On the positive side, a customer mentioned using Big Pay for sending money home, praising the service for offering the best rates.
- Monday: 9 AM–6 PM
- Tuesday: 9 AM–6 PM
- Wednesday: 9 AM–6 PM
- Thursday: 9 AM–6 PM
- Friday: 9 AM–6 PM
- Saturday: Closed
- Sunday: Closed
20. PayCEC Singapore
Information and Reviews
The business is known for its user-friendly interface and top-notch customer service. Customers have praised PayCEC Singapore for their prompt responses and seamless transactions. Some key points from customer reviews include:
- Fast and reliable payment processing services
- Excellent customer support
- Secure and trustworthy e-commerce solutions
Whether you are a small business owner or a large corporation, PayCEC Singapore is dedicated to providing you with the best-in-class e-commerce services. Contact them today to experience the difference for yourself!
Map of Balance Transfer Options in Singapore
Looking to save money on credit card debt? Explore the best options for balance transfer Singapore with this comprehensive map. Compare interest rates, annual fees, and promotional periods to find the most suitable offer for your financial situation. Take control of your finances and start paying off your debt more effectively today.
What is a balance transfer in Singapore?
A balance transfer is a financial tool that allows individuals to transfer existing credit card debt from one card to another with a lower interest rate. In Singapore, this type of offer is commonly used to help individuals consolidate their debt and save money on interest payments. By taking advantage of a balance transfer promotion, individuals can enjoy a temporary break from high interest rates and pay off their debt more efficiently.
It is important to note that balance transfers typically come with a one-time fee, usually a percentage of the amount being transferred. Additionally, there is usually a promotional period during which the lower interest rate applies, after which the standard rate will kick in. Therefore, it is crucial for individuals to make a repayment plan that takes advantage of the promotional period to maximize its benefits.
How can I qualify for a balance transfer in Singapore?
In order to qualify for a balance transfer in Singapore, individuals must usually have a minimum level of outstanding debt on their current credit card. The exact requirements can vary between different banks and financial institutions, so it is important to check with each provider for their specific eligibility criteria.
Additionally, individuals must have a good credit score to be eligible for a balance transfer promotion with a lower interest rate. Banks and credit card companies will assess the applicant's creditworthiness before approving the transfer. It is also advisable to have a stable source of income to demonstrate the ability to repay the transferred debt.
What are the benefits of doing a balance transfer in Singapore?
One of the main benefits of doing a balance transfer in Singapore is the opportunity to save money on interest payments. By taking advantage of a lower interest rate promotion, individuals can pay off their debt more quickly and efficiently, ultimately saving on finance charges in the long run.
Another benefit is the convenience of consolidating multiple credit card debts into one. This simplifies the repayment process and helps individuals better manage their finances. Furthermore, a balance transfer can provide individuals with a temporary break from high interest rates, giving them a chance to get back on track with their finances.
What should I consider before doing a balance transfer in Singapore?
Before doing a balance transfer in Singapore, individuals should carefully review the terms and conditions of the offer, including the promotional period, interest rate after the promotional period, and any associated fees. It is important to calculate whether the savings from the lower interest rate will offset the one-time transfer fee.
Additionally, individuals should create a repayment plan to make the most of the promotional period. Setting a budget and committing to paying off the transferred debt within the promotional period can help maximize the benefits of the balance transfer. It is also important to avoid using the new credit card for additional purchases to prevent further debt accumulation.
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