I have to admit! Credit cards are convenient, especially at this time. However, swiping your plastic card often costs you more money than other payment options. Regular charges from interest rates and annual fees are coupled by hidden surcharges. The latter are transaction-based fees that can add up! You must maximize your savings and use your debit card as much as possible. On that note, here are the expenses that you must avoid charging into your credit cards. #1: EDUCATION
DEFINITION Swiping a credit card is the polar opposite of using a debit card. The latter allows you to spend the money that you already have in your checking account. While, the former lets you borrow money from a financial provider. You have to pay an interest at the end of every billing statement. Be forewarned that having a credit card does not equate to having “free” cash around. It only means that you are expected to pay back whatever
1. WHICH ONE DO I NEED TO APPLY FOR? Like a tempting box of chocolates, all credit cards are not made the same. Be sure to shop around and to compare cards of similar types. You must know the necessary requirements, sign-up offers, rewards program, and other perks that come with it. Some cards may offer free airport luggage, while others may offer car rental insurance. Choose the benefits that suit your needs. 2. ARE YOU ELIGIBLE? Applying for a
Weigh the advantages and disadvantages of owning a credit card, before signing up for one! WHY YOU MIGHT NEED IT Here are some of the convincing points that highlight how useful owning a credit card is: 1. Practical for Globetrotters Singaporeans desire to discover the world’s wonders beyond its concrete jungle. As travelling became increasingly convenient nowadays, there are several options for payment. One is through credit. There are three primary reasons why travelling with a credit card is practical.