The Moley Prophet

About a decade or more ago, holding a Gold card is just about as prestigious as having gold. And then it went on to be the Platinum card some years ago. Then came the black card. Today, Gold is no longer mentioned. It's sort of linked to some uneducated hooligans. Platinum has become the norm. Everywhere you go, banks and retailers are offering platinum cards. Its all over the streets. No longer a prestige. If only the metal is as common. We could then, save this world from the damage done.

However, this platinum is just going to destroy the world of lower middle class. I'm pretty sure, that to qualify for a platinum card, the salary limit is quite low because the POSB Everyday card is so common. I just got it yesterday after my Dad sent in the application last week. They are so efficient at getting these stuff done. Within a few days the card is ready and in my hands, just waiting for me to spend, spend and spend. And when I opened the letter and saw the card in it, the words platinum was on it. There's also the SMRT-Citibank Platinum Card, which I think is absolutely rubbish. Its such a silly marketing move. Another silly move is the DBS Black Card - totally ruining the name of the black.

Marketing aside, credit cards are really addictive. Especially when you don't pay for them. Some times when I'm hanging out, and I'm short of cash, I just get the card to pay. This is how card kills. For those who are able to pay up on time, it stimulates the economy as people have more buying power. For those who are not able to pay, they crumble under the huge debts.