Hi, I just have a friend who fall into serious credit card debt. It is too late for him to realize the debt is really burden his life. and not just himself, but also his wife ! I just cant believe that such a discipline guy can get into this kind of messy.
Does anyone have any experience wich to share with us? Please do tell also how can drop into this messy situation. Thanks.

@lwb,
I've just had a v long and tiring day so pardon my ignorance [hey, at least I'm willing to ask!] but what's FUBAR?

ooo oo, i know!

fubar means fouled up beyond all repair / any recognition ! 

tht's new to me.... 

G.. I had no idea FUBAR was an abbreviation available on wikipedia!!! LoL..... Ah well, the best is to make sure U pay up everything at all times

well, credit cards is actually a game between consumer and banks...

if we are able to pay in full every month, make full use of the credit card discounts, collect points and exchange good gifts, then we win...

if we cant do that, then we lose...

u pay in full everymonth, then they kenot earn ur interest lor...

that's nothing new... i believe quite alot of people do that becoz the "smart ATM machines" are not smart enough to recognize RM5 and RM1!!! 

@jeff_ckf,
Unless ur paying cash, I don't see the reason for paying the bank anything more than I spent *grins* - unless I know I'm going to need the additional credit [when I go away, I always make sure I have sufficient credit] - but I don't need to do that now since I now hold more than the 2 cards issued by Citibank.

Yes... do take advantage of their point reward system - but I find it difficult to accumulate points esp if I'm 'scattering' my payments hence I'd always believed in using 1 card as my primary card.

A very good plan.

Bankers like to call you more for some more loans ( not asking you for payments of course ).

@jeff_ckf,
RM20?!  Just use it once at the petrol pump and U would have exceeded the RM20 - how difficult is it to spend RM20?!

these days, RM20 is really nothing .. pumping petrol, having a decent meal or buying groceries will surely exceed that amount ..

@jeff_ckf,
AhHh.... I think U mentioned it previously before except I didn't pay much attention to it *grins*  Anyhow, I used DA to pay for petrol for the first time yesterday *grins*  Also, figured since I ain't going to be getting points if I used my Citibank card, I might as well shift all petrol usage to DA and gain from there

@jeff_ckf,
I am able to spend >RM3k p/month on my total credit card bills depending on whether it's a 'good' or 'bad' month; am quite sure I'll hit that figure for the month of June though.  Need help spending the $?

@jeff_ckf,
I make couple of purchases for the office and claim them after; not much but it does help accumulate the points   I've also recently started paying all bills through my Credit Card

@jeff_ckf,
I use Citibank and there's no additional charges, not that I know of.  Yes, I could help ur mom pay her bills; just give me the cash first

hahaa.. thank you, jeff_ckf.

the first time i've heard of this term was when i was in school in the states.

@jeff_ckf,
I don't consider myself rich, or so rich

@lwb,
Can't help myself with wanting all the knowledge; U should let me rest by now throwing these new terminologies, FUBAR, f2f, etc etc   I oredi forgot what FUBAR is but it's oK.. not an abbreviation I'm gonna need to use much

@jeff_ckf,
I've felt FUBAR before but try not to let the feeling stick around for too long   Yes, rich is a matter of opinion and in mine, I ain't

I think i will have to take credit card debt coz my parents will send me money for my living costs and studies in every 3 months or maybe six months i am an international student so i want to know 
I want to know some basic things are there a type of cards where u can spend more than ur spending limit what type of card is it? which banks issue it ?
how much interest do i have to pay if i spend more than my spending limit ?
how can i get a card like that? how much money do i have to deposit to get a card like that? plz answer me in details
i know i will be in credit card debt

you can get a cc if you're going to further study in oversea.

@kockroach,
U can?!

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

ou, parents get more stupid nowadays?

@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.

@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.

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