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Advantages of plastic money in points?

Updated: 9/16/2023
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14y ago

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- Allows you to buy things even if you don't have cash at the moment, which is good provided you're sure you can pay for it later within the interest-free credit period (usually upto 50 days).

- Gives you reward points or even cash discounts on several categories of purchases and payments. The same payment, if made via cash or debit card, may not give you the same benefit. So you are effectively paying less, while not even paying from your pocket at the moment! Your money stays that much longer with you!

- Reward points can be redeemed for a variety of gifts, gift vouchers or frequent flyer miles.


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