Even though credit cards have been around for what seems like forever, many Malaysians still struggle with using these financial tools correctly. Not knowing the best ways to use your credit card can be problematic because it effectively limits the use to which you’ll be able to put them and the amount of value you can get out of the resources. Here are some of the most efficient ways to use your credit card in Malaysia today!
To Make Payments Online
One of the best ways you can use your credit card is when it comes to making payments online. A credit card is especially useful in this area because it offers decent protection against Internet scams. For example, suppose the worst happens, and someone steals your credit card information online. In that case, the worst financial repercussion you can usually expect from such an incident from your bank is that they will charge you RM 250. It is as opposed to a debit card where you’ll lose all your money and go through a lot to get what you lost back if you ever do!
To Earn Rewards for Financial Activities
Yet another way that credit cards trump a lot of other financial resources, debit cards included, is that you almost get paid to use them! It is because most types of credit cards typically come with one kind of incentive or the other. So, depending on your preference, get a card that affords you perks like cash back, points, or discounts.
To Make Larger Purchases
In terms of making large purchases, credit cards are, without a doubt, one of the best resources that you can comfortably rely on. One reason is that some resources, like debit cards, usually cap what you can withdraw at any given point. So, as you would expect, this can significantly limit your financial activity when making larger purchases. But thanks to the fact that you can quickly pay in installments with a credit card with a reasonable interest over time, you can easily bypass this inconvenience and live your best life!
To Make Paying For Daily Expenses Easier
With your credit card, you have the opportunity of lumping all your expenses together and paying for them in a single go once your salary comes in. So, as long as you’re comfortable working on a budget, your credit card is designed to make life very comfortable for you!
Why is Using Your Credit Card Wisely So Important?
Leveraging this resource is crucial because you have to plan how you spend your hard-earned money, especially in today’s world, where funds can be scarce. As such, when you know how and when to use your credit card, you can give yourself an edge and make the most of what you have!
