Asked by Anonymous
Asked on 19 Oct 2018
Credit cards were always portrayed as a bad thing to have by my parents, and something that is unnecessary. Yet I've also heard that there are benefits to them. How does that work?
Currently an NSF and I have 1 debit card which is the CIMB AWSM Card which has no annual fees (Free) and gives 1% cashback on Dining and Entertainment, Telco (Starhub/M1/Singtel/Circles) and Online Shopping (Qoo10, Shopee etc.). If I spend on those categories which qualify for the 1% cashback, I'll pay using my CIMB AWSM Credit Card. Otherwise, I'll pay using my DBS Visa Debit Card. Credit cards are bad when you can't control your spending or pay your bills on time since you'll either overspend or land yourself in a credit card debt due to the late payment fees and interest
Boc family card for rebates
Uob ppv for miles on paywave
Citi rewards for miles on shopping
Uob prvi for everything else