Property
Purchases You Should Never Make With Your Credit Card
By iMoney - Singapore  •  January 7, 2015
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 ......
Read the full article
By iMoney - Singapore
Making things simple enough so you have the power to always make the right decision with your wallet.
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance