Forget the 1% Credit Card bonus, it's the 20 % Compound Interest you need to watch.

All these Credit Cards are offering 1 % Cash back, 1 % groceries, 1 % air miles, 1 % this, 1 % that..... They don't advertise the 20 % Compound Interest they charge you on unpaid balances. Or all the other various penalties, charges, etc etc.

Credit Cards are a Trap. Avoid them like the plague. Need a credit rating ? Why ? What for? Who has told you that you need this Good Credit Rating ? The banks ? The guys that want to charge you 20 % interest when you can't pay the balance on your Credit Cards ? The guys that walk away when you lose your job ? You want to listen to these guys ?

Why ? - Save your money and borrow from yourself.