I didn't finish reading the article but he could alwiz opt to take the bus when he returns to hometown.

@Riddhy,
I am quite sure if ur folks are sending U $ every 3 months, they would be giving/providing u sufficient for the next 3 months. I certainly would advice against taking a credit card.

@Riddhy,
I doubt ur folks will be transmitting the $ v late; they would also have made the calculations to make sure the $ they sent would last u for the 3 months.

My advice is still against getting a credit card.

@panafone,
Yes that's right

For those who are oredi in debt, just cause U've managed to convert them into EPP, it doesn't mean U haf extra credit to spend. U should stop using the credit card for purchases anymore.

@kockroach,
U can?!

@jeff_ckf,
If ur folks can't trust u with a credit card, they won't give U one

Best is to transact everything in cash if ur the kind who can't keep spending tomorrow's $

@jeff_ckf,
I don't disagree with the act of parents issuing a supplementary card to the child for emergency purposes; esp when they're not with them. In fact, I got my 1st credit card [through the supplementary program of course] when I was 14. The difference is that my folks trusted me with the card and knew I wouldn't abuse it.

The bank had initially recommended RM1k CL but dad said that was too lil and gave me RM3k which was later increased to RM7k then RM10k when I went overseas to study. I never used that card as I had sufficient cash, or the card was used only for emergency purposes.

If I can't even manage cash, what makes U think I be able to manage a credit card? It's not about love, it's about responsibility.

@ifeel100,
It's OK for the folks to issue a suppementary card to their kids if their kids are responsible. It is pretty good for emergency purposes but a lot of kids seem to think buying that blouse or shoe is emergency! *gulps*

@hye,
I've been taught well

@jeff_ckf,
I see and get ur point. Parents would know if their kids are financially responsible. For those who knows their kids can't keep $ but yet decide to get a supplementary card for them, well they're just killing their child.

@jeff_ckf,
Rich and too blinded, if U asked me. Also, it's not what I call love =)

@eRiCCa,
In the past, BNM rules weren't as strict on issuance of Supp card but apparently it was being abused hence the rule got much stricter a year or two after. Sis wasn't allowed a supp card until she was 18. I guess I was just lucky.

You're right about using it as cash/emergency. Nett nett at the end of the day, it's a big responsibility and it shouldn't fall into the hands of the irresponsibles.

This post has been edited by tinkerbel: Jun 23 2008, 02:48 PM

@eRiCCa,
Ah well.. to each his own =)

@jeff_ckf,
His is universal to both females and males in that sentence!

@jeff_ckf,
I know... spammer

@jeff_ckf,
Ok except I think we've discussed most issues about serious credit card debt

@vin_ann,
U should scroll back and read the past posts. #1 and #6 can be examples.

Internet's a little 'screwy' on my end so can't go through all the pages to give u all the posts

@jeff_ckf,
1 month isn't usually considered serious. A lot of people's debt gets into the 5 figures! *gulps*

@jeff_ckf,
I personally don't like to be in debt and like to have at least 6-8 months of expenses in my bank account just in case. Investments are separate that way I know I have funds should any emergency arise or if an unfortunate situation beckons