20 Oct '11, 10am

Temptation of Easy Money

By Chua Mui Hoong Deputy Review Editor [email protected] It took all of 10 minutes for Stanchart to give me $90. I didn’t even ask for it. It came knocking on my door, in the form of a very courteous and efficient young man. I was passing through Novena MRT, on an errand, when I was accosted by the said young man from the Stanchart road-show kiosk which was situated in a non-descript corner fairly close to the escalators leading the way out from the bowels of the station to shopping nirvana above. I glanced at the Stanchart logo and paused. I am one of those people holding multiple credit cards who helped Singapore cross the 6 million credit card threshold last November. I am responsible for a tiny fraction of the total personal consumer loans of $150 billion as at Jan 2011. But I didn’t have a Stanchart credit card. And I wanted one, primarily because of its advertiseme...

Full article: http://blogs.straitstimes.com/2011/10/20/temptation-of-ea...

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