07-28-2019, 04:10 PM
Iwants to share a little admin experience with credit card. Good to use this credit card? Any risk?
To answer that question that if is good to use this credit card or not.. For me there are pros and cons. For me it depends on user discipline. I see the benefits of this credit card to make it easy to make payments without bringing in cash. Many warehouses and small shops already have machines to pay by credit card. If you do not have cash on hand you can still make purchases if you have an active credit card. However, keep in mind that a credit card works for a down payment, not for a debt!
If you pay in full on all credit card purchases before the maturity period, you will not be charged any interest. In fact, some credit cards offer Cash Rebate for every credit card purchase. I personally hold 3 pieces of credit card that offer cash rebates either for everyday necessities or for petrol.
If you make late payments on your credit card, you will be charged less interest. Typically, this interest is calculated based on (interest rate per year) / 12 based on the outstanding balance. The sooner you pay less the more interest you incur.
Ok this is the most important part. Is your credit card secure? What to do if your credit card is used by a third party?
I want to tell you about my experience in which my card has been REFUSED or used by individuals not responsible for online business. I'm weird because I take care of my credit card and don't just give it to anyone. So how can my card be easily used by other people? In addition, the use of credit card online has duplicate security in the event that any transaction is required through the TAC Code sent on the cardholder's registered mobile phone.
As my concern, I only used my credit card for petrol purchases at the petrol station, online hotel bookings and also for buying concert tickets.
So when my card was used for RM 2500 by an irresponsible individual, I panicked for a moment. The scammer used my card at 12 midnight but luckily I still not sleep. I text that my card has been used for RM 2500. I was then called the credit card center as written on the credit card. I was informed that the usage was not mine and asked the bank to confirm the credit card. Then the next day, I went to the nearest bank branch to make a report and fill out a special form. In less than a week, my problem was resolved and the money was returned to me.
So, if this is the case, don't panic. Do as I suggested a while ago. After that, we need to use our credit card carefully especially when booking online. We do not know whether the website used is safe or not. After all, use FTX transfer.
Thank you.
