THE GREEN REVOLUTION: HOW RENEWABLE ENERGY IS RESHAPING THE FUTURE
In the last few decades, humanity has mounted a seminal test: addressing the environmental crisis of excessive dependence on fossil fuels.
The concerns about accumulating debt from uncontrolled spending and the repercussions of hefty late payment charges loomed large. However, my perspective underwent a significant transformation as I explored deeper into the practical benefits that credit cards offer when used responsibly.
This change in outlook began when I joined several social media groups where users enthusiastically share their experiences with credit cards. These platforms revealed the numerous advantages credit cards can provide. I learned that each purchase or transaction made with a credit card can earn points, redeemable for a wide array of rewards such as airmiles and e-wallet redemption codes. This points system turns routine purchases into opportunities for saving on future expenses or even indulging in luxury treats, significantly enhancing the value of everyday spending. Furthermore, many cards offer cashbacks, effectively reducing the cost of transactions by refunding a percentage of the expenditure directly back to the cardholder.
One of the most valued benefits for someone who frequently travels with their family, like myself, is the complimentary access to airport lounges. This perk transforms travel experiences, providing a serene space to relax away from the bustling airport crowds. For instance, the Plaza Premium First cards offer access to both their First and regular Plaza Premium Lounges. This access is available through cards such as CIMB Travel Platinum*, CIMB Preferred Visa Infinite/-i, and their associated debit cards. Similarly, Plaza Premium Lounge access is provided by cards like CIMB Petronas Visa Infinite-i*, Ambank Signature Priority Banking Visa Infinite/-i*, as well as Public Bank Visa Infinite* and World Master Cards*. The asterisks (*) indicate that these benefits extend also to supplementary cardholders, enhancing the travel experience for entire families. Note that the cards mentioned here do not incur any annual fees, making them especially attractive for regular travelers, and that the above details are true as of May 2024.
While the cards mentioned above are my personal selections, it is important to note that the market is replete with various other cards offering similar benefits. In addition to Plaza Premium Lounges, there are other exclusive lounge options such as UOB Private Lounges and Travel Club Lounges. These venues offer similarly comfortable environments where travelers can unwind before their flights, with amenities such as complimentary beverages, snacks, Wi-Fi, and quiet areas for work or relaxation.
To conclude, the merits of credit card usage extend far beyond simple financial transactions. They encompass a range of lifestyle enhancements that can make daily activities and special occasions more rewarding. Moreover, the strategic use of credit cards can serve as a financial tool for managing cash flow and planning expenses more efficiently. However, the key to reaping these benefits lies in disciplined usage. Timely payment is paramount to avoid interest and penalties that could otherwise negate the rewards earned. On another remark, banks scrutinize an individual’s credit history when approving credit card applications. A commendable track record can facilitate easier approvals for future significant loans, including those for housing and vehicles. Thus, responsible credit card use not only provides immediate benefits but also contributes to a healthy financial profile, essential for long-term financial planning and stability.
