CREDIT cards could be the best way to cope with the financial demands of the coming months, but there can be a high price to pay for the ease and convenience of their use.
With the recent batch of new promotions and extra benefits, it is more enticing than ever to use plastic instead of cash or cheques.
By carefully managing your finances and taking advantage of the other services available from banks, you can save thousands of dollars on interest payments.
The combination of cold weather, Christmas and Lunar New Year, makes the winter months a prime time for credit card use in Hong Kong.
Competition between the banks is fierce and each autumn brings new launches, such as the air miles promotions launched last year.
Incentives to shop and save by using credit cards cover bonus point schemes which can now be used for goods and air miles and refunds on credit card fees.