01 December 2008

Money on credit is free?!?

In Paris when this friend of mine staying in London came by for a visit. We had dinner and when the cheque came, he used his American Express Gold card, so out of curiosity, I asked him why use the credit card when he had the cash to pay for the bill. He said that he had US$35,000 on credit and it felt like free money and asked me if I would like to spend some money for him which I flatly rejected.

Isn't credit money still money? And it is bloody 35,000 bucks!

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