Just because you don’t have enough frequent flyers points, doesn’t mean you can’t travel!
If you have a credit card or an existing loan with a bank, you probably got a text message similar to below. Bank branches are also decorated with announcements with regards to data submission.
My boss might kill me if I tell you this: You can get cash loans from your credit cards at very very low rates. By very very low I mean 9-12% […]
Both options above are illiquid and very long term commitments. Meaning if you change your mind, or have a need for cash beyond your emergency funds, it will be more difficult to sell these items to have cash.
Choose any of these top 3 credit card alternatives for shopping online, and you won’t have to worry about presenting proof of stable income to apply for credit cards. The advantage with having these alternatives for credit cards is that you don’t need to have a maintaining balance, plus you can buy products and services online without any hassle.
Only the cancellation due to delinquency and obtained via fraudulent documents are deemed as adverse (negative) by card issuers.
Yes, buy on installment if you must, but don’t stretch it for long. They say make the repayments small enough so that you won’t feel it. Yes you won’t feel it so you end up buying more. I’d say make the tenor short enough so you feel the repayments draining your budget.
A supplementary card can provide ready credit in times of unplanned expense or emergency need at home. This well substitutes cash that you leave at home from time to time, and this also saves you the time and effort of going to a bank branch or remittance center just to provide additional urgent cash for your dependents.
The MPD may be as low as Php100 and the offer to pay just that small amount may seem very enticing, but note that charges apply if you don’t pay the billed balance in full (if you just pay the
Cash Flows. Cards are there to aid your cash flows, not to increase it. You don’t get richer with using a card since you need to pay the balances every month anyway.