Hai dear,
Get a credit card with a plain-vanilla financing interest rates lower.Because any interest you pay on the balance carried forward to be offset against any interest you earn. Also, compare Payment Program Easy/Flexi Payment which might be useful for larger purchases. You can ask the bank to convert purchases to easy payment scheme/flexi payment, which put it at fixed instalment plan at special interest rates.
If you are already carrying a large balance, many credit card also offers balance transfer programme you need to consider. Balance transfer Program allows you to transfer your balance from the current credit card to the new card at special interest rates.
For those who Want immediate cash
Your credit card can be used to obtain cash advances. There are 2 ways. The first, is to use your credit card at any ATMs to make withdrawals with PIN code correctly. Remember that there are two costs to consider when using your credit card for a cash advance that:
Cash advance fee ( at 5% of the total)
Cash advance interest rate is usually 18% p.a. calculated on a daily basis.
The second method is to obtain cash loans (sometimes known as Liquidity or cash Immediately or dial for cash). These loans are taken on your credit limit available, transferred to a current account or savings on your choice, and repayable by instalments remain in a given period. It is the same with "pre-qualifying" personal loan. The customer wishes to apply for the facility should contact their respective banks and make the request.
For those who like to keep the cost of
Find a credit card with no annual fee and the option to waive the CST. Compensation/benefits/programs are not quite important.
For Muslims who are Loyal
Get Credit Card Islamic. This card is used only for transactions with merchants halal.
For The Rest
If you are not bringing balances forward, does not need to be in place by comparing the interest rate financing. On the other hand, get a credit card that gives ganjarann/benefits that you really want. This benefit can be categorized as follows:
Cash back benefits – Providing certain as rebates on% transaction credit card. The safest bet for those with no choice.
The benefits of Petrol – Give high% rebate on petrol purchases. For road worriors and travel sales person.
The benefits of Travel – Usually comes with the benefit of the frequency of flights and the airport. Best for those who frequently travel.
RP – redeemable for prizes and other rewards. For people who spend large and are fond of shopping.
Contact the dealer/Co-branding – special promotion programmes with selected merchants. For those with specific needs.
Registration – limited time Bonus to reward promotion for check credit cards by bank. If there are any, look for a card that has an interesting promotional sign.
Other Credit Card Tips
Avoid applying for credit cards too much at the same time. It carries a negative for your credit profile.
If you do not have a credit sejara in Malaysia (for example a car loan/housing loan/personal loan/overdraft facility), have at least one credit card. It can help your credit profile.
Credit cards have interest rates between the financing of all credit facilities. Try to pay all credit card balances immediately.
Conclusion
When choosing a credit card, someone should look into all the various dimensions, then disconnect the card that fits your lifestyle before applying. However, when you get your credit card, remember to pay your balance due if you can!
Thank to read..
Read : Tips to choose the best credit cards - madam2u Online
