CREDIT CARDS - FRIEND OR FOE?

Credit cards are like guns. You use it the right way, you benefit from it. You use it the wrong way, you will be hurt.

Guns(Good points) - It protects you, your family and country from the enemies. Maintaining peace and order.

Guns (Bad points) - It will create hatred, revenge, chaos, deaths.

Credit cards (Good Points) - Less cash in your wallet, pay around the world, discounts from restaurants, rewards points for free gifts.

Credit cards (Bad Points) - Bad debts leading to stress, unhappiness, family arguments and bankruptcy.

For me, I have 2 cards. But it will be better to have one. With only one card you can focus on maximizing your rewards points.

With the rewards points I have accumulated, I have exchanged them for fan, toaster, kettle, book voucher, toy voucher. My latter card (CitiBank SMRT card) I have earned a good $50 worth of MRT trips. And all these are free by simply using the credit cards.

It not the guns that kills, it is the man. Do not fear or avoid from the cards, learn to control it and use it to your benefits.