Page 1 of 2 12 LastLast
Results 1 to 10 of 13
Like Tree2Likes

About Credit Card


This discussion is about "About Credit Card" in the "Business, Finance & Economics Discussions" forums.
Hey guys I just received my first credit card. I have no idea what to do with it? What to avoid? Now I heard about ...

  1. #1
    Junior Member Ivan James's Avatar
    Join Date
    Feb 2014
    Gender
    Male
    Posts
    250
    Blog Entries
    1

    Default About Credit Card


    Hey guys I just received my first credit card. I have no idea what to do with it? What to avoid? Now I heard about points you gain when you use it, since I am booking a flight from Bangkok to Cebu I am thinking of using it. Now I wanna ask, what should I avoid so that i cannot misuse this card? Also, I don't have the slightest idea when should I pay? When does it become installment and when does it become straight. I wanted to avoid installments as much as possible. Any advice, words? Thanks

  2. #2
    Senior Member ace101's Avatar
    Join Date
    Jul 2011
    Gender
    Male
    Posts
    561

    Default About Credit Card

    Be conscious on the total charges on your credit card cause every month you have to pay in full your credit card bill to avoid interest rates. Set a maximum limit you spend on a monthly basis that fits the amount you can pay in full. Youll receive your bill also monthly with due date. Every purchases are straight purchases unless you specify otherwise.

  3. #3
    Junior Member Ivan James's Avatar
    Join Date
    Feb 2014
    Gender
    Male
    Posts
    250
    Blog Entries
    1
    Quote Originally Posted by ace101 View Post
    Be conscious on the total charges on your credit card cause every month you have to pay in full your credit card bill to avoid interest rates. Set a maximum limit you spend on a monthly basis that fits the amount you can pay in full. Youll receive your bill also monthly with due date. Every purchases are straight purchases unless you specify otherwise.
    Boss, when does it become an installment? The bank specifies it or the card holder or is it the establishment where I made my purchase?

  4. #4
    Elite Member Htennek's Avatar
    Join Date
    Jul 2008
    Gender
    Male
    Posts
    1,963
    Blog Entries
    1
    Quote Originally Posted by Ivan James View Post
    Boss, when does it become an installment? The bank specifies it or the card holder or is it the establishment where I made my purchase?
    It would be the card holder. It will only be an installment if you say so when you make the purchase and if installment is available.

  5. #5
    Newbie
    Join Date
    Mar 2018
    Gender
    Male
    Posts
    85
    Nice to hear that from you. Actually, you can make purchases with your credit cards, but you should stick to buying items that you need instead of buying those that you want. And you can also buy luxury items with credit cards which is one of the easiest ways to get into debt. If it is something that you can live without you should avoid charging it. Take time to read this very helpful info for you https://www.ecomparemo.com/info/4-cl...ard-debt-fast/

  6. #6
    C.I.A. Ghadz's Avatar
    Join Date
    Sep 2014
    Gender
    Male
    Posts
    2,029
    just pay before due date....

  7. #7
    Newbie
    Join Date
    Jul 2018
    Gender
    Female
    Posts
    4
    Quote Originally Posted by Pomed1984 View Post
    Nice to hear that from you. Actually, you can make purchases with your credit cards, but you should stick to buying items that you need instead of buying those that you want. And you can also buy luxury items with credit cards which is one of the easiest ways to get into debt. If it is something that you can live without you should avoid charging it. Take time to read this very helpful info for you https://www.ecomparemo.com/info/4-cl...ard-debt-fast/
    Thank you for sharing the helpful info.
    Pomed1984 likes this.

  8. #8
    Newbie
    Join Date
    Jul 2020
    Gender
    Male
    Posts
    21
    Remember, the most important thing is to pay on time. Often the deadline for payment is specified in the contract, but if this is not there, then you have time until the end of the month. If you do not consolidate everything within a month, then you will start to accumulate interest. The longer you donít pay, the more interest you accumulate. There is also a myth that credit history depends on what you buy. In fact, this is nonsense .. You can buy anything from food to weapons, the main thing is to pay your bills on time (and to make purchases legal). I also decided to get a credit card and chose the nedbank gold credit card. I have not been using it for very long, but so far I am satisfied with it. I think if I pay everything on time, then I will not have any problems in the future ...
    fireboy1337 likes this.

  9. #9
    Newbie
    Join Date
    Jul 2020
    Gender
    Male
    Posts
    13
    Quote Originally Posted by BearMonster17 View Post
    Remember, the most important thing is to pay on time. Often the deadline for payment is specified in the contract, but if this is not there, then you have time until the end of the month. If you do not consolidate everything within a month, then you will start to accumulate interest. The longer you don’t pay, the more interest you accumulate. There is also a myth that credit history depends on what you buy. In fact, this is nonsense .. You can buy anything from food to weapons, the main thing is to pay your bills on time (and to make purchases legal). I also decided to get a credit card and chose the nedbank gold credit card. I have not been using it for very long, but so far I am satisfied with it. I think if I pay everything on time, then I will not have any problems in the future ...
    Yeap, You are absolutely right

  10. #10
    Newbie
    Join Date
    Dec 2019
    Gender
    Male
    Posts
    12
    hmm..cool topic
    Last edited by alex777; 09-09-2020 at 07:11 PM. Reason: hhjbj

  11.    Advertisement

Page 1 of 2 12 LastLast

Similar Threads

 
  1. Bench warrant about credit card debt
    By Gac in forum General Discussions
    Replies: 7
    Last Post: 05-06-2017, 06:03 PM
  2. ManuLife Nanawag about Credit Card Insurance I said YES
    By madredrive in forum Business, Finance & Economics Discussions
    Replies: 17
    Last Post: 03-13-2014, 12:32 PM
  3. Question about Credit Card...
    By vanillaicecream88 in forum Business, Finance & Economics Discussions
    Replies: 2
    Last Post: 02-28-2013, 06:20 PM
  4. Pangutana about my BDO Credit Card bills
    By lord-lord-lord in forum Business, Finance & Economics Discussions
    Replies: 16
    Last Post: 11-07-2010, 05:08 AM
  5. Replies: 39
    Last Post: 02-22-2009, 10:18 AM

Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
about us
We are the first Cebu Online Media.

iSTORYA.NET is Cebu's Biggest, Southern Philippines' Most Active, and the Philippines' Strongest Online Community!
follow us
#top