Credit card members
June 25, 2012 3:48am CST
i loved credit card, you can buy anything you want, buy now pay later... and the exciting rewards and also the freebies. 5yrs also i'll start to apply bdo credit the credit my limit is 20thou, the monthly amortization always paid, after a yrs i'll received another card to other bank. As of my now my credit limit to all credit card is 334thousand, and i pay 60thou monthly amortization.
1 person likes this
26 Jun 12
hi shello thanks for your respond regarding this topic, i always carefull to use my credit card, but credit card is the one to help my other expenses, why because all 90% of my credit limit is to avail at cash, and then ill create the business, As of now my business is expand, thrue the help of credit card.
25 Jun 12
You just be careful with it. They have tactics so that you will be paying more than what you actually owe because of the interests and the first-in last-out scheme (where your loan amount e.g. January 2012 and June 2012, they're going to take out the June 2012 first when you pay installment, giving them the chance to roll more interest income with your January 2012 amount). Anyhow, I have a lot of friends and even my father burned with credit cards. Just be careful of spending money not yet earned. Have a great Mylot experience ahead!
25 Jun 12
yes i know, but my tactics ill pay the total amount due, no other interest to pay, the benefit of this card to help my other expenses for the whole month, and the reason why to spend the higher amortization it's because all SIP will avail for the some reason. Thanks for your idea.