A RADICALLY new type of credit card with no minimum income requirement and just $500 in credit has arrived in Singapore.
Is this radical or ridiculous?
The Straits Times cartoon depict something that is real and can be quite an issue as students start to live on credit and interest roll over.
Should this be encouraged? Will holding such a credit card be then a trend among the students?
I hope the authority and MOE will look into this.
Should we start to allow our children to start living on credit at such a young age?
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