If now got e wallets like grab tng boost to redeem points and vouchers, what's d use of credit card? If no want to buy things on credit?

I don't have any credit card atm...

Use credit card to top up e-wallet.
Also to get lounge access at airport.

This post has been edited by jetblast: Nov 19 2020, 08:09 PM

- can use oversea.

- cash back from credit card sometimes is better.

- almost all places that accept ewallet, accept visa/mastercard. but not all places that accept visa/mastercard, accept ewallet.

credit card can buy things with zero interest installment

affin duo reload e wallet got 3% cashback

a lot campaigns to earn this and that, depend on what card you get and how many.

low utilization and good payment record can help build ur credit score, like ccris

most important is serve as a source of emergency money

reward points.

also increase credit score if u are good paymaster. all those e wallets won't do that.

and you have access to 0% EPP (installment plan) that were exclusive on credit cards.

Dah kurang pentingnya CC...

Sorry what's dis 0% installment u guys are talking about? All cards got this feature automatically? Or need partner up with retail outlets?

Best thing about using cc for me is consumer protection. Whenever I buy something online, I always use cc. If the seller screw me, or Shopee/Lazada doesn't want to entertain my refund request, I can just dispute the transaction with the bank. They will take a few days or weeks depending on case, before reverting the transaction. In the mean time you still have your money (unlike if you use debit card). I see a lot of threads here where people complain about Shopee/Lazads that can be easily avoided by using cc.

But I would advice you to avoid cc like the plague if you cannot commit in paying full every month.

Not everywhere currently or will accept e-wallets.

Also credit card can help you establish a credit score, especially if you have no history.

+1
Cards are so much easier at supermarkets or when your hands are full. No need to fiddle with your phone. Just wave and go.

you no need deposite money on CC instead bank pay it first, good for ppl who smart on exploiting cash flow control.

you can stop/on hold any fault transaction and reduced risk your money being burnt from such inciddent

If you don't know why CC is good, you need to read about it more.

1. Better protection.
2. More reliable.
3. Worldwide use.
4. Perks and Benefit.
5. Sign Up Benefit.
6. Credit Score.
7. Cash Back + Points (on top of benefits and sign up benefits)
8. Easy Instalment Plans (0%)

1. oversea usage
2. it will be damn useful if you go business trip ..unless you plan to folk out your own saving 10k 20k to pay your hotel fees while waiting reimbursement from your company
3. better protection
4. cash back and benefit (certain high tier credit card provide you free access to most of the airport lounge for free)
5. build your credit report and score for your future house loan

This post has been edited by fantasy1989: Nov 19 2020, 09:00 PM

oversea spending

Credit cards make many poor financial managed consumers ended up appointment with AKPK

not all card

need supporting merchant and supporting banks.

maybank is the most common card with EPP out there.

most online shopping platforms like lazada/shoppee supports it. when you want to check out, you can choose that payment option.

When u go outstation, the most basic thing u need is cc. Dun ever go outstation without a cc.

why?

ewallet you spend 1 million also won't improve your credit rating

also those ewallets are pretty much local only. Credit card can use in any country.

Sorry, the outstation i mean is out of country. What happen if u run out of cash in foreign country? What happen if u need to stay for 1 or 2 weeks and need to pay for hotel fees? U gonna bring cash to pay?

20 days interest free loan tak mau?

Anyway, u will be crazy if I give any e wallet 20-30k when I go overseas

My hotel bill alone can run up to 15-20k per trip

The best is you get to use other people's money (on credit) for a month and on the same time get rewarded and protection. Of course this only work if you pay in full on time every month. Prefer cc anytime over ewallet

My Maybank AMEX 1 year alone can get at least 700+ cashback and have treatpoints too. Already used my treatpoints to buy my glasses waive almost 1k off

if anything can use credit card, i will use,
for me la easy to track monthly spend,
i no need to calculate it,
and i just spend normally

use credit card is safer than ewallet & debit card as it is a credit facility

I bad management to pay CC.

Lucky got MCO relief to pay bank loans.. Used the money to pay off and cancel all my CC.

use for cash back, petrol, oversea expenses,. extra is installment when shopping.. + have points can redeem...

For me I use CC for

Cash back
Built credit score
Can free cash flow thru 0% installment
Consumer protection
Access to lounge or some dining discount
sign up bonus like free electronic device - sign up then cancel a year later

Nobody seems to answering you want this so:

0% installment meaning you could opt to pay your certain credit card purchase in installment manner without interest charge on you.

Mostly all cards have this feature, but you better double check.

No, they don't have to partner with retail outlets. You just need to call up your credit card service after you made the purchase, and tell them you wish to make it an installment for the purchase you just made.

But some banks may have an amount range that entitle the 0% interest. Any amount outside the range may charge you a little interest upfront. (1~3% maybe).

With cc treatpoints you can claim items. Cc got cash redemption

Have at least one for medical/travel emergency.

If any merchant can give a better cash price over cc, using cash is better option.....otherwise just use free credit.

i save around rm1k plus per annum from credit card cashback

E-wallet still not accepted everywhere and way too many players, vs few major payment networks like Visa, Mastercard etc., senang to make international payment.
To me, CC is really good to have, when used correctly, really a good leverage + give some benefits

CC banks like big spender and they encourage holders to spend. Keeping cards in wallet dont make money for them.

A credit card saves you from all the inconvenience of paying big bills such as hospital, car workshop, etc.
I dont think you can pay hospital bill of 10k with TNG or boost, can you?

It also protects you from fraud.
You can easily launch a dispute and the bank will do the bidding for you.
The merchant betul2 have to reply and provide full detail of the purchase to the bank.
It is better than you cry and viral the merchant and still get nothing back.

Cash back man, cash back.

Using a credit card to make online purchases is better than using online purse or debit card.

1. Fraud protection. You can dispute the charge and bank will investigate and refund you if valid.
2. The money doesn't leave your account immediately unlike debit card.
3. If your debit card details are stolen and your card is misused bank won't refund you the money as the money has already left your account.
4. Keeping a lot of money in your online purse attracts no interest. The money has effectively left your account even before you purchase.
5. Credit cards have promotions and freebies for regular users.
6. Possible to pay by instalments with credit card.
7. If you go overseas you can use your credit card.
8. Build up your credit rating with prompt cc payments.

But if you are not financially disciplined and tend to overspend and accumulate debt, better not to have a credit card.

This post has been edited by KennyKB: Nov 20 2020, 12:51 PM

If you don't use credit card, bank will reject all your loans.

do I need to get a card from the same bank so my chances to get loan from that bank is higher?

the most important thing about having a credit card, is to build your credit history which will provide you with a credit score. It will be useful to you in the future when you are planning to take up a loan for car or house.

spend show off. credit limit already more than 1/2 million

no need from the same bank..

as long as you pay on time, chances to get approved is higher.

Just be careful not to get credit card for the sole purpose of building credit, and then end up with credit card debt. Before getting a credit card make sure you are good at controlling your spending first. Credit card creates the illusion that you can afford a lot of things that you can't actually afford. The rule of thumb is to only purchase anything that you can afford if you don't have credit card.

This post has been edited by imnotabot: Nov 20 2020, 02:37 PM

emergency cash since u can spend ur future money , e-wallet can only spend what u had. Use it cautiously, some benefit a lot from cc while some went bankrupts by abusing it

pbb offers me no annual fee credit card....

not sure accept or not... got maybank cc ... used 15 yrs no issue.

coz ayam don wanna be the sore losers paying for the perks others are enjoying, while I m enjoying none, gotta abuse the system too

Can show off paying with my Apple watch

credit card is invented to create more wealth for the merchants by allowing ppl to send moneh that they dont have