Hai dear,
When the application get approved credit card by the bank and new first time holding the cards, some smiling reach the ears as if proud and satisfied.
A pride for successful credit card because it is considered a symbol of personal status. Sometimes you ask yourself why there must be a credit card.
But some are proud to have more than one credit card.
Has how many credit cards is not an offence. Just, think of each year will be charged the annual fee. Excluding the expense of using a credit card.
Some people say, credit cards can be your boyfriend loved but can also become a hated enemy. It is loved because it helps you in times of need, especially for an emergency, but hated because of the amount of the credit or debt to be paid back.
If a little bit not apalah, but if it's already hit a dozen were thousand dollars, it can affect your emotions.
Credit card as described earlier, it is not an offence. Simply, use the credit card should be smart enough to ensure that our financial position is healthy and controlled.
Credit card of the knife there is a lot to keep its interest if it's wise to use it but can be lethal if misused.
Beneficial if prudent use
Already much said about the pros and cons of this credit card. A credit card is a payment electronically who allow us to buy goods or obtain services without using cash. This card be useful tools if we know to use it wisely. Among Them Are:
• A payment method that is simple and efficient
• Can buy goods and services online (online)
• Using the monthly statement to track expenses for purposes of plan expenses or budget.
• There is a credit card that provides cover for personal accident insurance and travel insurance free of charge, depending on the type of card offered.
• Enjoy exciting scheme such as interest free installment scheme, flexible payment scheme and balance transfer rate of 0 per cent to maximize purchases
• Be able to reward points to redeem the goods and services are usually not recoverable if payment is made by cash
Always remind yourself
Generally, we like to have a credit card because the factors already listed above. In simple terms, with a credit card, to owe because of several factors such as not enough cash while we do are in dire need of the services or goods at that time.
However, before signing and submitting the application form to obtain a credit card, learn about advance terms and conditions as may be prescribed.
If you already have a credit card, what's wrong of the terms and conditions. Know it can remind yourself so we are more prudent when using the credit card.
Among them are a maximum limit for each card. If this limit has been applied, we can not use the card to pay part of the fees.
Typically, this credit card limit is two to three times our monthly income. If we use a maximum limit, that means we've spent two or three months the future earnings of us!
Non-free
Credit card is actually not free. There are fees and charges and we have to understand, such as:
• Participation fee
Credit card issuers may charge a joining fee once. This fee may vary from one issuer to another
• Annual fee
The fees to be paid when we accept credit cards. There is also a credit card issuer that exclude this fee if we meet the conditions of its use. Refer to your credit card issuer.
• Finance charges
These are the charges imposed on the outstanding balance after the payment due date and calculated based on the daily balance.
During this time, the credit card holder bearing in the bunk. The aim to promote the use of credit cards is disciplined.
• Cash advance fee
Apply every time the cash advance is made and is usually between three to five percent. This fee is additional financial charges and calculated from the date the cash taken.
• Late payment charges
This charge applies because we fail to pay the minimum amount monthly before the due date specified. If we pay after this date, we will be subject to finance charges (interest on the outstanding balance) as well as late payment charges.
• Service tax
Remember! Starting in 2010, each credit card will be charged the annual service tax of RM50 and above the holder of principal card and RM25 on supplementary cardholder (supplement). This fee will be included in our credit card statements.
Thank to read..
Read : Good bad credit card usage - madam2u Online
