I just applied for a credit card called the POSB multitude card. Okay it's actually a debit and credit together which is like one of a kind, for now but with a very little credit limit. I didn't want to but besides the idea that it's just cool to own a credit card, heh, I didn't think I want to. I know I will never have one because of my pay which I doubt will ever increase that much in future anyway. And this is after I read a lengthy article about how my age group forms the highest number in credit debt owing. The concept of credit card is simple. Depending on the card, you can have credit limit up to 4X of your salary. It's cool to have one because others may see it as a reflection of roughly how much you are earning and it also increases your spending limit. Unfortunately, credit also means you owe the bank money after you which you will have to settle it, plus interest, when they send you your credit card bill. This is where people get into trouble as they...