Credit Card cum EZ-link

"Members of the public can now use a credit card to pay for your MRT or bus ride, and use the points acquired to redeem free rides.

The two companies have calculated that if you spend an average of $700 per month on your card, you can get up to 400 free rides annually.
However, as with all credit cards, a minimum income is needed to qualify - in this case, a $30,000 annual income.

A debit card will be launched in the first quarter of next year."

- sg.news.yahoo.com

Finally a groundbreaking yet simple fusion; Credit card with EZ-link. I was really hyped over this new card and was trying to get my hand on the some what limited edition brochure which seems to be low on stock in every counter. Got my chance to enquire more about this new craze in town yesterday at AMK mrt when i was going for a soccer match, obviously in my jersey. Went up to the counter, requested for the brochure and was slapped around a bit with a large trout with the following questions;

"Sir, are you working? Are your salary more than $2500?"

I was like, woah~ for the obvious reasons. Ok first of all, the "salesman" was damn rude and i nearly screwed him back by asking him whether he can afford this card, at all. 2ndly, middle class citizens earning $30000 or more per annual will most probably own a car, or two, or more. I am not speaking for everyone, but rather the majority. So who is this new project targetting? The rather well to do middle class who works around CBD? High income group who still takes public transport or middle class who prefers to own credit card?

I reckon this will still work with the increasing living standard in Singapore and our pay which can't even beat the inflation. I was taught since young that credit card has more cons than pros, and only to spend on materials you can afford now but not with your future money. I am sticking to that. Lets just hope that the soon-to-be release debit card will have similar benefits.