Credit card usage..... hmmm...... I open this for discussion. Well, some of the ppl think using credit is very dangerous... cos as if using future money... which I think is true. U are not paying the goodies u buying instantly. U can defer ur payment til one mth earlier, or even if u are very good, u can manage in such a way tat u only need to make the payment one and half mth later...... but, how sure are u tat u will have the amt of money to repay when the time comes?? This is rather dangerous. Most of my fren, I heard, really "overuse" their credit card and they are actually in net liability position. Have a some of money in fixed deposit and on the other hand, having a debt under credit card....... but, do u know that credit card interest is actually higher than fixed deposit interest?? ...... so please amke sure, u withdraw ur fixed deposit money to repay ur credit card debt if there is any......
For me, I use credit card for insurance, hand phone charges and also petrol... I think this is good enough..... recently, one of my credit card point reaches 29,000 points..... hmmm..... i am thinking of wat gifts to redeem la...... actually credit card gift are real hard to redeem...... need lots of point. My point now is not too much, but not too less..... but i still need about 7,000 points... hahah thinking of redeem Philips Micro Hifi Player.... with RM393 + 36,000 points..... u think worth ma???
5 comments:
ya, agreed that credit card is dangerous and addictive...hehe...now my problem is converting currencies..crap, u know, i always converted wrongly and when i see my credit card statement, i wanna faint :( coz it's always more than wat i initially tot...crap in maths i know..anyway, side track liao....i think generally speaking, the gifts offered by banks are not tat good..coz always need to pay extra plus points....is there anything that doesnt need extra money?
Hehhe.... ya, its even worse when u use credit card in foreign country... conversion rate would be an issue... hehhehe
Ya lo.... there is no free lunch... But then, if u see so much point in ur credit card... if u dun exchange is also a waste bo.... dilemma now
Kath, i usually convert the point to cash. may be the just a little bit $ but better than spend $ again to get the gift.
I've redeemed some pretty crappy items with my credit card points ;p These days, i've become wiser and redeemed cash vouchers for bookstores instead. we get to buy free books and claim tax deductions at the same time! smart leh? hehe
Forget about the points redemption. Go for those with cash rebate, it helps to control for spending more while redeeming some items.
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