There was a time when I was obsessed about credit cards. When I first started work, and I was making peanuts every month, signing up for new credit cards just for their S$200 welcome bonus was pretty darned amazing. S$200 on a S$3000 salary is about 6.67% of the monthly salary, which is no joke indeed.
Over time, as my salary went up, the welcome bonus as a percentage of my net worth became less attractive (at this point, I also had just about every credit card out there). But because my expenditure also went up, the potential rewards from the credit card also went up, and it became more important to choose cards based on my spending pattern, and preferred reward.
To put it simply, if you’re going to spend S$1000 each month anyway, you might as well get something back for it, whether its air miles
...