Three ways these fintechs might make you richer

There’s a guy I work with who, I don’t think he’d mind me saying, is obsessed with credit cards- he has around 8 of them! Why is he so into credit cards? Well, he tells me it’s “all about the points”. Originally from Hong Kong, he regularly flies back to visit family and so it’s no surprise that one of his most frequently used cards is his Virgin Atlantic Reward Card which allows him to accrue air miles, saving him hundreds of pounds each year! Continue reading “Three ways these fintechs might make you richer”

Why you should never be without a credit card

I previously wrote about some credit card debt I am poised to pay off (since the 0% interest period is coming to an end). Upon doing so, I was planning to do without a credit card for a while- at least until Apple Card launches here in the UK (Daily Cash representing 2% cashback on all purchases sounds amazing). But a colleague recently reminded me of an important reason you should always have a credit card at your disposal. In order to explain, allow me to retell his story…

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I’m in £9,000 of debt

“Debt” is a word that can spark many different emotions in us. A basic rate taxpayer in debt by anything over £1,000 is likely to feel anything ranging from anxiety and shame, right through to apathy derived from a “well, what can I do?” conclusion on the matter.

Recently, the news that reality TV star Mike Thalassitis committed suicide partly due to his mounting debts has been a stark reminder that debt can sadly take some people to the darkest of places, and destroy lives.

What follows is my own personal experience of debt which I preface by saying has been managed very carefully…

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