Personal Finance
Three Reasons Why You Should Own & Use A Credit Card & One Reason Why You Shouldn't
By ValueChampion  •  May 25, 2022
Credit cards are one of the most misunderstood financial instruments. When Singaporeans think of credit cards, some of us might relate them to unhealthy credit card debt (with sky-high interest rates), exorbitant annual fees and pesky minimum spending requirements. However, when you spend carefully and use your credit card strategically, you can take advantage of cashbacks, points and other perks. Ultimately, using credit cards to save money comes down to discipline. If you make it a point to understand how credit cards work, and exercise the right kind of restraint, you can save - or even earn - significant amounts of money in the long run. Earning Cashback Directly All credit cards in Singapore offer some sort of reward for using them for your purchases, which include incentives like cashback, reward points (which can be traded for air miles, discount vouchers or actual products), or airline miles. However, the most...
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By ValueChampion
We distill sprawling marketplaces—for insurance, credit cards, bank accounts, and more—down to choices that represent a sweet spot for value—as in offering the features, returns, or experience we think you need for the smallest outlay. We ask: Is the return on a particular purchase or decision worth the cost or risk of that option, and how does the choice stack up against other options?

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