Last time, I called up the bank and asked them to reduce the limit. They almost couldn't understand or process that request.... then they asked how much to reduce to? I said reduce to the minimum... then they said are you certain? If you reduce it, and next time you want to increase it, it will be very difficult - have to ask for approval, this lah, that lah - and I told them no issues, if they won't increase limit should I need it in the future, I'll cancel the card and apply another bank's card

Very quickly they reduced to the minimum

This post has been edited by poolcarpet: Mar 13 2013, 10:58 AM

sorry i meant the govt tax RM50... now many cards without annual fee, and definitely many will look for these without annual fee. the banks should be paying US instead to use their cards!

of course your car situation is different, it's a NEED, not a WANT right? the danger of credit card is that with the insane credit limit, a lot of people will justify a WANT to become a NEED.

e.g. the LV bag that you mentioned, is that a NEED or a WANT? does anyone ever NEED an LV bag?

keeping cash in box, tracking in excel, paying off via online banking are just methods to check spending via credit, not to overspend. everyone will have own methods and thinking and it's good to share out different ideas. i agree with you that if one has discipline, then there is no need to track but honestly speaking, how many of us have bought something we WANT but do not NEED? I can honestly put my hands up high to that question. We are only human.

This post has been edited by poolcarpet: Mar 14 2013, 12:40 PM

Can always consider REITs right?