I got a call from ABN Bank today, marketing their Platinum Master card. When I receive such calls, usually I would just tell them politely that I do not need any new card and then give them some excuses to hang up the phone. Today, I didn’t hang up; the offer was too good to be true. They offer free lifetime membership, 60 days interest free, $150 welcome gifts and list goes on. In the end, after listening to all her ‘sweet sell talk’, I got her to send me an application form.
Nowadays, credit cards are loaded with freebies, free membership, cash rebate, merchandise discounts, petrol/gas discounts and many more. Hence you actually spend less as compare to using cash.
I always pay my credit cards bill on time, hence no roll-over debt with high interest! I pay all my expenses and monthly bills (telephone bill, cable vision bill etc) with credit card and every 3 months I would received about $100 dollars cash rebate. That’s saving!
Why should I use cash or debit card when credit card give me more saving? My credit card gives me 0.5% cash rebate for total amount spent and 5% cash rebate for petrol? On top of that, its 35 days interest fee. Good deal!
Although credit cards are useful financial tools and like any tool, they need to be carefully managed. Learning to use a credit card responsibly is an important step in developing financial common sense.
Spend wisely and never leave home without a card!
