facebookHi, I'm 21 years old, was wondering what the benefits that come with signing up for a credit card are? - Seedly

Anonymous

11 Mar 2020

Credit Cards

Hi, I'm 21 years old, was wondering what the benefits that come with signing up for a credit card are?

I'm only 21 and these were never taught in school T-T. I am starting work soon in a few months but I've always seen people use their miles credit to upgrade to business class etc. May I know how is it done or what are the hacks with using a credit card?

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Hello! Here are some benefits:

  • Spending money you don't have yet (i.e. borrowing on credit)

  • Cash rebates / Cashbacks / Miles

  • Credit card discounts

Here are some articles to help you:

The hacks that come with a credit card depends on which credit card you are using.

But generally, one hack is to use multiple CCs and max out the cashback/miles you get from each card if there is a monthly cap to the amount of cashback/miles earnt. Here is a wedding specific hack to credit cards.​​​

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