Credit Card Issued

Credit card is one of the optional method for us to buy some goods and needs. But sometimes the over dos of usage will made us suffered and also can be declare bankrupt. National Bank of Malaysia, has a firm statistic show that main reason why people getting bankrupt due to credit card. The question is why this thing happen? Because of interest rate and others hidden charges. My friends share a few guidelines to prevent from being credit card victims, as below:

• Every month, please ensure to pay statement balance not the minimum amount need to paid.
• Don't ever used Cash Advance by using credit card.Because the interest charges is quite high.
• Do not simply give outsider, your credit card details such as the last 3 digit behind your card. Enclosed your credit card details.
• Manage your shopping behavior such as set the purposed for using credit just for Petrol and emergency used.

Many of us, has their own reason why they used credit card? For me, there are few reason :

• For petrol used, because normally in the ends of month, from the total usage of petrol paid by credit card, we will get 2% for it. That means 2% from every petrol payment transaction every month.
  
• For monthly installment, whereby we get 0% interest rate for buying electrical peripheral and renew our road tax every year. Every transaction more than RM 500 above, we can changes to monthly installment instead for getting debt from others.

Nowadays,the best credit card offered is MYBANK2, i got this info from my friends. He has used it, and according to him, he can saved 300 per year, because it will give 5% to 7.5% for every first RM1000 expenses. 5% for weekdays and 7.5% for weekends..

Whatever credit card we used, the best things how we manage our financial, i hope this post can give some advice and guidelines for society for better future life.