Credit cards can be a financial lifesaver. They can help you build up your credit score faster, earn membership rewards/discounts and provide you with an emergency source of cash when you need it.
Of course, credit cards can also land you in financial hell if you make the mistake of abusing them.
And if there’s one credit card rule you should follow, it’s this – avoid purchasing big ticket items with your credit cards unless you have the financial means to pay them off right away.
Here are some big-ticket purchases you should absolutely avoid making with your credit card:
The down payment on your mortgage
The biggest purchase you’ll probably ever make during your life is your first home. And for many young Singaporeans, home ownership is a complex challenge that requires plenty of financial planning.
Buying a property in Singapore, especially a condominium or resale Housing Development Board ......