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Managing Credit Card Debt in the Philippines
In the Philippines, many people are hesitant to own a credit card due to the fear of accumulating debt. However, owning a credit card does not necessarily mean going into debt. By understanding how credit card debt works, cardholders can enjoy benefits like financial flexibility, rebates, and rewards. Proper management of monthly payments can prevent outstanding debt, allowing cardholders to maximize the advantages of their credit cards without financial strain.