Credit cards sometimes get a bad rap, and that’s mostly because they can lead you to temptation to spend beyond your means.
Used responsibly, however, these little pieces of plastic can actually save you money as banks are constantly running promotions that offer discounts for spending.
The key is to pay your bills in full every month so you don’t incur the astronomical interest rate, which, in Singapore, is about 25 per cent per annum.
Check out these 5 ways that using credit cards can help save you money.
