The GXS FlexiCard has been making waves, positioning itself as a challenger in the financial space with features that stand out from traditional credit cards.
It aims to appeal to a broad audience by requiring no minimum income, offering instant rewards on small transactions, and charging low foreign transaction fees.
But while these features sound attractive, the structure demands careful consideration. Let’s explore the key features and see who might benefit—and what to watch out for.
Table of ContentsNo Minimum Income Requirement
One of the GXS FlexiCard’s standout features is the absence of a minimum income requirement.
This lowers the entry barrier for young adults, freelancers, students, and part-time workers. Traditional credit cards often impose income thresholds, limiting access to those with stable full-time jobs.
While this makes credit more accessible, it could also lead to financial trouble if users aren’t careful about their spending and repayment habits.
That said, cards without income requirements aren’t new in Singapore. Options like the BOC F1RST Card, CIMB AWSM Card, Citibank Clear Student Credit Card, DBS Live Fresh Student Card and Maybank eVibes Student Credit Card already cater to students.
What makes the GXS FlexiCard unique is how easily accessible it is for everyone — possibly the simplest to apply for.
Low $500 Credit Limit
The GXS FlexiCard offers a fixed credit limit of only $500, which clearly limits spending.
While this limit might seem restrictive, it’s a calculated move by GXS — I’m sure you would agree that offering higher credit to individuals without knowing their repayment capability would be risky. For students and first-time users, this limit can help build healthy financial habits with minimal debt exposure.
To be fair, this $500 limit can be especially appealing for those new to credit, such as students