Gooding. Modern lifestyle is to spend money money u don't have. Spend now. Worry later.

This I kind of agree. Spend all the money and keep owing them money. Then die of a sudden death....no need to pay.

True story of a friend...

This post has been edited by PHI_1.618: Mar 25 2019, 09:11 AM

So in all, for banks to determine credit worthiness.. higher credit limit is good?

what happen if i have 100k limit and before i die, i use all

It is good.

Very convenient especially when u r buying stuff with easy payment plan 0% interest

Convenience is 1 thing, but as far as credit worthiness by banks go, is higher credit limit good?

Higher limit won't affect anything, as long as you paid in full each month.

Get as many high limit credit card as you can.

One day, if you need to lari to Vietnam or somewhere. Withdraw max the card before you lari.

when it comes to credit, spend within your limit. that is all.
credit limit only helps in case you really need to spend big to pay something urgently.

btw, alot of ppl are misinformed about ccris. ccris does not do any credit rating. it just gather all the loans and credit card you have and provides a report. when it comes to rating, credit agency like ctos is the one who will give the rating. banks often have own rating but they also will check credit agency rating for comparison.

This post has been edited by O-haiyo: Apr 22 2019, 03:24 PM

For me its good.

Our rep to banks also increased i think. They check ur record first b4 they increase ur cc limit. They wont suka2 increase ur limit without check ur cc record

bad if u no self control

Risk when cars stolen or card info leak, I had a MasterCard that has been used twice by somebody else, fucking bank leak my info. After the first time I reissue my card after a year of not collecting that card, it's being used again, card still with bank now tell me who is the criminal?

I don't want the limit to be too high as if u unable to proof u aren't the person using it, u had to pay.

i just succesfully increased my limit prrmanently from 5000 to 7500.

reason is because i had to buy a lot of furniture for my new home. EPP 0% installment is a convenience, but it will reduce your credit limit.

in US, having higher credit limit is good because their rating system got something called "credit utilization". the lower your percentage is better. but in malaysia our ctos and ccris do not care for that. they only look at payment habit and outstanding balance.

just my 2 cents.

For me it's good, the balance transfer option between banks are one of the lowest rates you can get if you need to borrow money.

High credit limit is not the problem.
Problem come when u shopping spree knowing that u actually cant pay for it

Gotta pay service tax RM25 on each card?

I prefer to use maybank credit card, got treat point... at least can exchange some jusco voucher

to reply your question

it's good to have single card which have high credit limit

good for business trip usage. - my 3 weeks business trip can cost up to RM60k

in the end .. as long as you never have any outstanding balance ..then it's good

This post has been edited by fantasy1989: Apr 25 2019, 05:12 PM

high credit limit better.
I used to travel for work frequently last time.
higher limit comes in handy when I need to pay for hotel, meals etc in advance before company reimbursement. or sometime i organize event where I need to pay in advance for my friends. no need to fork out own cash for it.
besides, if you have the right discipline in your spending. why worry?

my principle is, i only spend for what I have. Credit card is only for convenience, its NOT my actual spending power.

Lazada voucher better la