Aug 18 2019, 09:02 PM
QUOTE(Ramjade @ Aug 18 2019, 08:19 PM)
Credit card is good debt when use correctly.
1. Replace your cash with credit card and milk the banks for their card rewards.
2. Always use credit card to spend on what you need only. Don't need to spend more than needed.
3. Always pay in full and before due date so that banks cannot charge you.
Fully agree. Take full advantage of credit cards, of accumulating points while settling any outstanding debt fully before due date. Credit card is useful only if you can comfortably settle each monthly bill. It's a no no if one tends to accumulate debt.1. Replace your cash with credit card and milk the banks for their card rewards.
2. Always use credit card to spend on what you need only. Don't need to spend more than needed.
3. Always pay in full and before due date so that banks cannot charge you.
Last time I had a few cards from different banks to take advantage of various promotion but it was difficult to keep track of payment, leading to some missed payments and penalty charges.
Nowadays I just use max 2 cards for any transactions above RM50. All my insurance, utility bills, etc also autodebit to credit cards.
This post has been edited by kmarc: Aug 18 2019, 10:33 PM
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