Credit Cards are Evil!

Credit cards are evil or so my parents believe. Yes, they can be evil when you overspend and don’t pay last month’s bills. However, they are evil when it’s so difficult to earn the precious points or rebates when you have been swiping them a lot. It does get discouraging when your expenditure isn’t enough to get back some rewards when you need them most.

I personally use Citibank’s SMRT Platinum card for my travels and have been very discouraged by the long time taken to earn back the rebates for topping up my card again. Even UOB’s One card has been evil. Anything slightly less than $300 per month, I don’t get my rebates at all.

Needless to say, I am also disappointed with Lady’s Card too. I prefer my rebates earned instantly like Citibank’s Tangs and POSB Everyday cards. That way, I get to enjoy using them more than anything else. Money is precious especially during this down time for the economy.

Dabbling in stocks and Forex isn’t my cup of tea since I don’t want to monitor the charts every time. Finding and staying in recession-proof jobs is also tough since companies are now hiring higher expectations. At times like this, I think of ABBA’s Money, Money, Money.