Should I apply for a credit card? (Malaysia)

If you have been walking around in shopping complexes long enough, most likely you would have encountered promoters trying to get you to sign up for a new credit card (plus a free gift). Sometimes, you would probably encounter promoters promoting credit cards from various banks.

Should you go for it? There are good points and there are bad points.

Let me begin with some good points:
  1. It’s better than borrowing from “Ah Long”.
  2. You would need it if you or your loved ones need to get admitted to a private hospital. Private hospitals will need a deposit before they do any major procedure on you. Or else, you will be transferred to the government hospital. Further, most of us do not carry so much cash in our wallet.
  3. You would need it if you are suddenly jobless for whatever reasons and you have no extra cash. Living in a city means you can’t plant your own vegetables and hunt for meat. Almost everything cost money!
     The bad points:
    1. You start to buy expensive and branded products as if there is no need to pay back.
    2. You do not manage your credit card account/s and got yourself blacklisted.

      Comments

      Popular posts from this blog

      Best 6 Retirement Villages in Malaysia 2022

      10 Government Grants for Small Business Malaysia 2022

      10 Best E Wallets in Malaysia 2022

      6 Best Cloud Kitchens in Kuala Lumpur and Selangor 2021 / 2022

      Best 7 Executive MBAs in Malaysia 2022

      Top 17 SEO Companies in Malaysia: Price and Reviews 2022

      20 Best Medical Cards in Malaysia 2022

      How to create NFT in Malaysia 2022

      Bitcoin ATMs in Malaysia 2022

      Best Medical Insurance for Senior Citizens Malaysia 2022