Credit Card, FRIEND or FOE ?

[vin-saint]

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I think mura siya double edge na sword.. it can be your friend or your foe. depende ra gyd sa pagamit..

Well said! Discipline is the key to everything. You need it for documents, billing and financial capacity evaluation things. Then it could be the poison to your financial life.

[amyrrhielle]

foe...
it tempts us to buy more than what we can actually afford...
financial freedom is when we are debt free

[pogy_uy]

You can not reach financial freedom with out ever having a debt.

[jabez_rmc]

I think mura siya double edge na sword.. it can be your friend or your foe. depende ra gyd sa pagamit..

well said...thanks

[Hot Ice]

@paper_cut: how do u do that? i mean... u just call up the card company and ask for the annual fee to be waive? do they have like a requirement or something to qualify?

very interested.

if cge ka gamit and cge pud ka bayad dayon bro, maka tawag ka and try to ask them nga ipa waive lang ang fee kay para mu continue ka sa ilaha. if not, ingnun nimu nga pwede raka mu balhin og lain company para adto nimu gamiton sa ilaha imung kwarta kay naa sila nindot nga offer..

mao nay naka nindot sa "1. DONT buy what you CANT afford." nga gipost ni paper_cut. style nako sauna is if naa ko paliton then naa nako money, i use my credit card then bayaran lang pud nako dayon using the money i have already saved up. maka points paka.

[kamikaze426]

Friend if you know how to play with it.. like using it on your cut-off so that it will be billed on your next next statement. But just be sure you can pay for it when the due date comes.

[cirext]

Credit Card is a REVERSE-BARREL GUN.
As you pull the trigger, it hits back at the user.

The entity that is truly benefited by this instrument are the credit card institutions.
I just don't know why many are patronizing this,
but i see no sense on these cards.
Instead of help, this will drown u to debt.

[rts1980]

ang credit card is helpful if you know how to handle it.. it really depends on the user.. for me, the credit card is a big help kay i don't need to bring a lot of cash if i need to buy something.. secondly, it can help sa mga neosyo kay if you purchase an item using the credit card, naa pa time mapatuyok ang kwarta before nako byran ang amount dapat nako byran.. for me, dili man ko mabaon sa utang kay i am responsible enough to pay the redit card on time and in full.. kay if minimum ang imung byran, mas mudako imung byran kay 3% jud ang i add sa imung dapat byran.. so in short, it depends on the user if it is a friend for you or not..

[cirext]

for me, the credit card is a big help kay i don't need to bring a lot of cash if i need to buy something.. secondly, it can help sa mga neosyo kay if you purchase an item using the credit card, naa pa time mapatuyok ang kwarta before nako byran ang amount dapat nako byran..

on ur 1st reason bro, i dont believe its a legitimate reason to have a CC kay mao na.
i know many people bringing more than 20k cash on the wallet almost everyday.
And how about f u have a debit card instead. Ang nakapait jud anang CC gud kay ang interest. Gamay ra kaayo imo gigamit then dako kaau ug interest.

on the second reason, i really don't believe CC would help out in business. Ur paying an extra amount not needed unta. Kanang modawat ug CC na stores for installment payments of some items....if u compute ana, modouble na ang price. Medjo arkanse jud ta. Ang nakapait pud aning items bought through installment kay mura dli ta katulog ug maunsa na ang gamit unya nga wla pa raba maimpas unya maguba na. Its a loan in itself bro, maski ingnon pa nila nga installment. Its an additional monthly expense and mind u bro, f dli maklaro ug monitor (kay dli man jud malikayan na makalimtan nato).. u might juz be amazed that entangled na ang tanan nimong kitaonon pa unta...nahigtan na ug alambre..heheh

[rts1980]

on ur 1st reason bro, i dont believe its a legitimate reason to have a CC kay mao na.
i know many people bringing more than 20k cash on the wallet almost everyday.
And how about f u have a debit card instead. Ang nakapait jud anang CC gud kay ang interest. Gamay ra kaayo imo gigamit then dako kaau ug interest.

on the second reason, i really don't believe CC would help out in business. Ur paying an extra amount not needed unta. Kanang modawat ug CC na stores for installment payments of some items....if u compute ana, modouble na ang price. Medjo arkanse jud ta. Ang nakapait pud aning items bought through installment kay mura dli ta katulog ug maunsa na ang gamit unya nga wla pa raba maimpas unya maguba na. Its a loan in itself bro, maski ingnon pa nila nga installment. Its an additional monthly expense and mind u bro, f dli maklaro ug monitor (kay dli man jud malikayan na makalimtan nato).. u might juz be amazed that entangled na ang tanan nimong kitaonon pa unta...nahigtan na ug alambre..heheh

well bro, that's how you look at it man but sa ako,ok ra man cya.. and bahin sa negosyo, gamit jud kaau cya.. ok ra man na debit card but dili nimu ma patuyok ang kwarta ana unlike sa c redit card, mapatuyok jud kay you given enough time para maipon nimu ang imung byran.. so far bro, regarding interest, wa man ka interest as long as you pay it full which i always do.. kung pila ra imung gegasto, mao ra sad ang gepaningil sa bank.. wa man ko nakasuway ge patunganko.. I spent 60,000-70,000 a month and ig check nako sa bill, mao raman ang charge niya. wa man ko ge patungan sa akong bill.. kung unsa ra ako gepalit, mao ra gehapon ako byran.. ang isa ka advatage pa jud para nako is naa ko mga points ma accumulate and makakuha ko mga free items like ipod or flat screen tv..hehehe