Is a credit card right for you?

FOR fresh graduates, the impending transition into the working world can be both exciting yet daunting.

It is a milestone signifying the end of an era of financial dependence.

The road towards financial independence, filled with mind-boggling financial choices, is not an easy one to travel on.

A wrong decision could imperil one to financial hell, while making the right turns could lead to comfortable success and financial freedom.

One such financial choice is the use of credit cards.

In Singapore, consumers aged 21-29 were reported by the Credit Bureau Singapore as being the most "credit hungry", making up 19 per cent of credit applicants in 2015.

With the exclusive packages and attractive perks that credit card companies offer, it is easy to convince yourself tha…