This is no choice la....u have to. That's RM100 per year for me.

my company will pay employee credit card for this tax. max is rm110 claimable

Change ur perspective..apply it to accumulate point and redeem.. just make sure u pay in full

Just pay in full

Rest of the thing is good for ur emergency use.. u can req to stop that credit limit..depend on u

Any high limit cc that you guys can recommend. My Maybank only 15k, request for increase limit they give like 3-4k last time. Apply for standard chartered, only got 5k...

Got a solution for you.

Get a Bigpay Prepaid Debit card Mastercard. You can only lost what you put into it and for overseas spending, you got foreign currency exchange rates about 2% lower than any other credit cards that I know of.

You shouldn't just bring 1 card. System may be down. Bank may be down. Who knows?

I always bring a Visa and a Mastercard and from different banks.

In advanced country, if you don't have card and only cash, they think there is something wrong with you. May be a drug dealer. So go get a card

Errr even mom and pop roadside stall pun cashless?

common to pay with card for a bottle of water in advanced countries.

1. Higher limit more important when you travelling. Incase there is an emergency.

2. You definitely need more then 1 card when travelling. I usually bring 3~4. Including my ATM card.

When i was staying overseas 20 yrs ago.. alrdy cashless, they using debit card.. just tag and deduct direct form bank.

wow...your credit rating must be very good lo...
me is the person that cannot have high limit..got itchy hand
learn my lesson well and now cut all CC and making monthly installlment to pay back

Hahaha...I also don't know what is my credit rating. I assume that Bank scare I "not die" hence keep increasing my limit.

I was in the same situation as well when I just graduated. Burst my very first OCBC Credit Card...with limit of 3.5K hahahhaa....

Walaooo...that time scared like shit. Scared being sue bankruptcy (now thinking back, damn childish. Bank probably won't give a damn on that outstanding and take the effort to sue that person bankruptcy for 3.5K ), dare not to tell parents, malu to tell friend that my credit card cannot use. Then need to slowly pay back on a monthly basis and scissors cut the card into half to stop myself from using when I was paying back the debt. After I fully settled my outstanding, I made a promise to myself, I MUST fully settle my CC every month. Zero owing. Glad that I am able to keep that promise till today.

This post has been edited by PHI_1.618: Apr 30 2019, 11:15 AM

a big thumbs up for you bro!!! hope i can like you one day..still long way for me to pay off the debts haha..
and yes cutting the CC can help me to manage my $$ better..

This answered my question. Thanks!

good luck bro. I am sure you will reach there soon. What needed is very strong self-discipline.

Bank valuates their risk of credit card on you based on :-

Repayments of your credit card.
Utilization of your credit card.
The higher the limit of course the better. This proves that you are able to manage your credit card well if utilization of your credit card is not high. EG Less than 50% with no late payments.

jus use it to build ur credit score. wil help if u wanna loan a house

I basically use credit card as cash. Meals, grocery, petrol, shopping, insurance all tied to Amex from maybank 2 cards. 5% cashback for all transaction on weekend, RM50 cap, that means u need to spend RM1k on that card to reach RM50 cap. Bad habit is you will start thinking everything is discounted 5% (which is not entirely false!)

I think its quite easy to hit RM50, some months u buy new gadget, some months you buy flight tickets, just do it in the weekends.

In one year, u get about RM600 in cashback not including sometimes Maybank do some cashback promo for Amex, like spend minimum RM1k overseas for RM150 cashback.

RM25 credit card tax easily settled, no bank fees - free for life. Not to mention the TREAT points you get to accumulate and exchange for 60" TV later

Besides, I hate having to withdraw cash from ATM, sometimes need to rugi RM1, why not go cashless and at the minimum gain points, and cashback.