I know there are increasing advisories to people not to spend through credit cards as much as possible or pay their credit card bills and simply stop using them lest the bills will be mounting up before they notice them. I do take heed to this especially if you're a big spender, shopaholic or an impulse buyer.
In my opinion, owning credit cards and not be buried in debt is all about discipline and choosing a credit card that suits your needs.
MCJ (my Husband) and I own several credit cards and so far, they have not put us into trouble yet - not that we anticipate one. We owe that to MCJ's spending and paying habit as well as the type of credit cards that we have. As a matter of fact, we have benefited from them especially from the rewards system. It flew me Manila-Australia return once and soon-to-be twice. Isn't that cool?
If you're wanting to have a credit card, don't just jump-in to the first offer that comes to you, have the one that your friends/family got or grab the hottest one. Do your research and compare credit cards as each has its own unique features.
On the other hand, if you have an existing credit card, don't just be too placid and stay loyal to the same company or type of card. There are cards of the same company that have lower interest rate than what you're paying or have better reward system than what you've got. It pays to compare credit cards as there are always hidden surprises that may help or shock you.
MCJ just recently switched to low interest card with long interest-free period and gave up the rewards for the high interest card as the rewards are just fairly ordinary. See, he found out all that because he compared credit cards.
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In my opinion, owning credit cards and not be buried in debt is all about discipline and choosing a credit card that suits your needs.
MCJ (my Husband) and I own several credit cards and so far, they have not put us into trouble yet - not that we anticipate one. We owe that to MCJ's spending and paying habit as well as the type of credit cards that we have. As a matter of fact, we have benefited from them especially from the rewards system. It flew me Manila-Australia return once and soon-to-be twice. Isn't that cool?
If you're wanting to have a credit card, don't just jump-in to the first offer that comes to you, have the one that your friends/family got or grab the hottest one. Do your research and compare credit cards as each has its own unique features.
On the other hand, if you have an existing credit card, don't just be too placid and stay loyal to the same company or type of card. There are cards of the same company that have lower interest rate than what you're paying or have better reward system than what you've got. It pays to compare credit cards as there are always hidden surprises that may help or shock you.
MCJ just recently switched to low interest card with long interest-free period and gave up the rewards for the high interest card as the rewards are just fairly ordinary. See, he found out all that because he compared credit cards.
Disclosure Policy
2 comments:
isa lang ang credit card namin at masaya kami kasi covered lagi ang auto-insurance everytime we rent one using the said card.. at talo sila sa amin kasi wala silang nai-earn na interest, bayad agad kasi kami..he.he.
yep! cc is not really an unnecessarily evil... but it needs discipline :D
glad you're reaping benefits from your cc!
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