The Only Thing Is To Tell Her How To Choose The Right Credit Card November 18, 2009
Posted by Vedis in : Banks / Banking Services, Credit Card Scam, Credit Cards , comments closed
A cousin who had just recently graduated and found a job in local bank was so eager to apply for a credit card.
Even after she was told of the soon-to-be imposed service tax on a credit card, she still wanted to own one. What to do? She said most of her best friends have had a credit card and some even have had more than 2 cards.
Since she was so insistent on having one, what I could do was telling her how to choose the right credit card and avoid credit card scams.
Earn 2 Free Nights At Unique Hotels With This Credit Card March 22, 2009
Posted by Vedis in : Credit Cards , comments closed
While shopping at a mall yesterday afternoon, I was stopped by a credit card sales executive.
Well, she was so polite that I didn’t feel good to walk away. I stayed for a few minutes to listen to what she had to say about the Visa credit card.
No annual fee. Earn points on all your purchases. Redeem your points for free nights at unique hotels, airline rewards and gift cards. Wow, earn 2 free nights at over 1,500 unique hotels!
Well, I would apply for the card if I was not in deep debt trouble. 
Hong Leong Bank Should Have Stopped Banking In Post-Dated Checks After Being Notified About The Debt Management Programme December 20, 2008
Posted by Vedis in : Credit Cards , comments closedBanks are blood suckers! I am so pissed off now.
I have been under the debt management program since October 2008, all banks should have been notified about this and they should have stopped the late payment fees and finance charges.
One of the banks, Hong Leong Bank, is still holding the post-dated checks I issued to them. I could understand that they hadn’t got the notice yet in November and banked in the check. The check was returned because of insufficient funds in the account. I was fine with that.
I called and informed them to send me back the checks or destroy them in November after the first check was returned.
Just now my current account statement came. I was surprised that Hong Leong still banked in the check. Of course the check was bounced and I was charged $100 for the returned check.
I was so angry that I quickly stopped searching for Leptovox online and called Hong Leong. They said the official in charge of the check withdrawals was on leave and they would withdraw the checks for me on Monday.
Are Your Credit Limits Increased Or Decreased? December 12, 2008
Posted by Vedis in : Credit Cards , comments closedWhile many countries reduce the credit limits of credit cardholders, certain banks in my country increase the credit limits of their credit card users.
Some of my buddies have told me of their sudden increased credit limits. Some are happy with the higher limits while some fear that they may overspend.
What one of my buddies did was right. She cut off one of the credit cards which was given the highest percentage of credit limit.
According to her, one of the prominent motorcycle accident attorneys in our town, “If you know you are not disciplined when it comes to using credit cards, the best way is destroying the cards.”
Save Money On Interest Expenses With Low Interest Credit Cards October 17, 2008
Posted by Vedis in : Credit Cards , comments closedDo you always hear that if we pay off our credit card balance every month and only spend what we can afford to spend , we can avoid interest expenses and finance charges? It’s like getting an interest-free loan. Isn’t that a great way to save money?
However, how many of us can actually do this? According to studies, many people with credit cards pay just the minimum amount every month, and roll over the rest to pay the following. Then next month, we roll the charge over yet again. That means we pay interest on our loan, every month. Plus,we pay interest on the interest we owe !
Isn’t there a way in which we can save money on our credit cards? Fortunately, there is. You can look for low interest credit cards offering 0% Interest or APR for up to 12 months on all purchases and balance transfers.
The length of your introductory period will be either 12 months for purchases and balance transfers or 3 months for balance transfers only, depending on the review of your application and credit history.
Remember though, the BEST way to save money is to pay off your cards monthly. But for the rest of us who carry a balance, getting a low interest credit card or a credit card with a low introductory rate is one way to save you money in interest expenses.
No Credit Card Means No More New Debt October 9, 2008
Posted by Vedis in : Credit Cards , comments closedI have no credit card with me any more. The last one that I used for emergency was also terminated a few days ago.
It’s good that I just have to concentrate on paying off credit card debt. No more new debt from now on. This also means that I must use cash on everything, even on a pack of biscuits or a best buy cap.
What if I run out of cash when there is an emergency? Well, leave it to God. He will take care of it.
