The best and most prectical way to use Credit card!

[anirazc anasor]

hello guys. I just received my first CC this week but haven't use it yet.
and since maybe, a lot of you here are long time CC users who already learned a thing or two,
baka you can share your experience in this topic?

saan nyo lang ginagamit ang CC nyo? san mas nakakatipid gamitin ang CC or cash?
promos and so.

[evilwoman]

^ hi sis. kailan din lang ako nagkaroon ng cc pero ishare ko na din way ng paggamit ko ng cc. karaniwan, gamit ko sya sa online shopping tsaka pag may purchase ako na gusto ko di bigla ang payment. ang rule ko lang para sa sarili ko:
1. wag bibili if di kaya isettle in full before due date (or di naka 0% interest) - hinayang kasi ako sa finance charge. as much as possible, pagkapost ng transaction, binabayaran ko na agad.
2. wag kakalimutan isama sa budget ang bayad sa cc. delikado pag di nakeep track ang expenses.  mas maganda kung may online account ka dito para kita mo lagi mga gastos mo.
3. laging alalahanin ang mga bayarin sa cc. esp yung di pa posted. minsan kasi may tendency akong magisip na may pera pa pala ako, yun pala may dadating akong bayarin. 
4. magingat sa mga online shop na pagbibigyan ng cc details. sa online shopping, wag magttransact sa mga computer shop. baka maya may virus yun or keylogger. mahack pa account mo.

ang advantage na nakikita ko sa paggamit ng cc syempre, sa online shopping may magagamit ako. pangalawa, pag may promo na free food, etc. palit ng resibo, sulit na din. 

[Aichusyu]

Never fall into the trap of swiping more than intended just because they have a "special" promo.

My big sister is a Starbucks addict, so when she found out that my HSBC red card has an offer for free TALL beverage every P2,500 she finds ways to increase our grocery bill from P1,8000 (average, since its just the two of us and we rely on wet market than dry goods grocery) to P2,500 just to meet it!

I told her, you know, the increase in our "unecessary buys" here in the grocery para lang makakuha ka ng TALL frapp promo mo is about P700?!?! ILIBRE NA LANG KITA NG TALL P100+ lang yan!??! Then sabi nya sayang kasi FREE DAW. I explained na mas nalulugi kami. She's happy na kasi nilibre ko siya para matigil na sha.

[mxherr5]

^

That's good, that's exactly what they're counting on 

But how come you didn't just buy more dry goods that are on promo..
There are a lot of those in SM Supermarkets.

I remember one time I bought 1k worth of Shampoo, buy one take one
eh hehe

You can stock up on those goods that lasts a few years and that
are on sale.

[anirazc anasor]

Nagasgas ko na CC card ko mga sisses.. i bought all items on deferral mode with no interests.
I first bought my first digicamera payable for 12 months, a running shoes, black shoes for office and a father's day gift payable for 3 months.

sulit naman kasi i bought things na pinagisipan ko at talagang mga kailangan ko. secondly, i budgeted my next months salary to give way for my CC payments.

[FOURever]

Kapag ba sinabi na 0% for 12 months, meaning payable sya for 12 months without interest? Or nagkakaroon din ng interest yung sa bank?

[sonia62]

yes payable in 12 months without interest yun. Kasi everyday we swipe our credit card may percentage dun na napupunta na sa bank, cash or installment man yun. So automatic na may kita sila everytime ginagamit natin ang credit card natin

[bratty]

^same question sis. First time ko din magka-cc dito (under sa name ko). Before pag ginagamit ko yung cc ng mommy ko, straight payment agad. Since yung cc ko ay mababa ang credit limit, gusto ko patulan yung mga 0% interest. Pano ba yun?

[FOURever]

^^thanks sis. Siguro kaya madalas mas mataas na rin yung binabayaran pag cc compared sa cash dahil na rin dun.. I thought kasi na may hidden charges ang bank kapag di nabayaran agad ng full.. So parang kapag di finull payment, nadadagdagan ng konti yung remaining balance.. Natakot naman ako, nakikigamit lang kasi ako ng cc sa daddy ko at hinuhulugan ko lang sa kanya (nagpapakaresponsable haha)

[toinkz]

agree with sis sonia. no hidden charges on your card payment if 0% interest payable in xxmonths. kasi the interest was already included in the amount you paid. like 1k/month for 12 months. so 12k un price nya pero 10k lan if you buy cash/straight. HTH

[subzero]

for me - the first step to make the most of your credit card perks is to know what is the best card suits your lifestyle.

I have four credit cards - and iba-iba sila ng perks.
1) has automatic 5% rebate to any grocery purchases
2. has  tie-up with mercury drug
3) has promo when i applied
4) has number of discounts sa mga establishments dito sa province namin


2nd - is to manage their due dates and must be familiar with cut off dates - with this you can check your finances for next month's dues and you can manage what card to be used para the other month na yung payment

3rd - be familiar with perks and promos para you can utilize lahat like you can get freebies sa mga restaurants

4th - avail the 0% installment -- don't be afraid-- makikita mo naman sa statement of account mo -- the amount is really divided sa month na gusto mo


basta sisses, be wise and responsible. Dati kasi akong collections associate sa world's local bank - local accounts - kaya super naging aware ako sa responsibilities of being cardholder.

[hot_chili]

^^ regarding this 0% interest din I have questions example I bought a digicam na 0% interest for 12 mos. so kahit na minimum payment lang gawin ko every month di pa rin sya magkakainterest tama ba?

What if after buying the digicam I used my card to buy groceries, syempre madadagdag sya sa amount ng digicam on my card. will it still not gain interest? or dapat paisa isa lang ang purchase para di magkapatong. Dito ako confused eh been wanting to get a cc pero hesitant pa rin ako

[subzero]

allow me to answer your question sis.

0% yung digicam - it will appear on your statement. However, if minimum due lang ang babayaran mo, makakasama yung installment amount for the certain month sa Outstanding Balance mo na subject sa Finance charge.

I suggest sis, check your finances. Kasi if you're going to pay for the MDA (Minimum due amount), lolobo yung balance mo every month.

[FOURever]

^agree..

Saka alam ko sa groceries may interest kanila.. Tama ba? Wala sila nung 0% interest for xmonths.. Saka i don't know kung pwede mamili kung magkano at saang items purchased yung allotment ng part ng payment sa cc..

Yung dad ko, pag may grocery items na binili, pag dumating bill nya, binabayaran nya ng full amount nung sa groceries + yung amount na dapat ko bayaran sa pinabili kong gadget.. I don't know if that works din to fully pay the groceries or ididistribute equally sa lahat ng nasa list..

[melmedrano]

allow me to share what i know about credit cards.

first, basta straight purchase, you have to pay that in full amount when the bill comes. in that way, no interest yun.

second, pag installment in X number of months at sinabing 0% interest, wala talagang interest yun as long as you pay for the monthly installment amount in full.

third, when the bill comes, syempre mixed na yan, straight purchases and installments (kung meron), kapag tama naman lahat at wala any dispute sa bill, pay the full amount due, wag na wag yung minimum lang kasi sa susunod na buwan may finance charge yung natirang amount na di nabayaran, plus yung unpaid amount itself, plus the currect month's due for payment... naku sakit sa ulo yan, lalo na sa bulsa!

[FOURever]

^thanks sis.. Basta yung binabayaran namin monthly especially this month na puro gadgets na lang, yung total ng monthly payment ng lahat nung items or higher. Pansin namin kasi parang yung minimum eh binabawasan nila yung total ng mga 500-1000 depende sa amount.. So yung mga yun pala yung may charges..

Anyway, ask ko na lang din po, meron ba sa inyo inalok ng bpi nung insurance nila? Kinausap kasi nila sa phone daddy ko.. That time may ginagawa daddy ko kaya he said ok para matapos na.. It's 150 lang naman pero gusto na mag back out ni daddy. Ok lang kaya yun?

[anirazc anasor]

sis panu kung ganito...
i bought a digicam of 8499 for 12months 0%. and shopping spree of 5000 for 3 months 0%.

8499/12=  708.25
5000/3  =1667.00
                  2,375.25, eto and dapat kong bayaran monthly para wala talagang finance charge di ba? at hindi kung ano ang sinasabi ng minimum amount due sa statement ko..

tama ba?

[FOURever]

^ganyan ginagawa ko sis tama ba?

Pero pag groceries, full amount na agad yung binabayad ni daddy + yung monthly payment sa iba kong items na 0%. Di ko lang sure kung na-allocate yung full amount for groceries sa groceries mismo..

Para maka-contribute ako dito, as much as possible, di ipa-increase yung credit limit. The higher, the more tendency to "buy" more.. Kaya minsan, out of track na sa budget..

[hot_chili]

Ok thanks mga sis, medyo nagets ko na... bottom line pala is always pay the full amount due to avoid interests. So tama pala yung idea ko na pay na lang ako agad after use kasi gusto ko lang sana makaavail ng mga rewards and freebies. And syempre tempting din yung mga 0% interest na installment.

[melmedrano]

^thanks sis.. Basta yung binabayaran namin monthly especially this month na puro gadgets na lang, yung total ng monthly payment ng lahat nung items or higher. Pansin namin kasi parang yung minimum eh binabawasan nila yung total ng mga 500-1000 depende sa amount.. So yung mga yun pala yung may charges..

Anyway, ask ko na lang din po, meron ba sa inyo inalok ng bpi nung insurance nila? Kinausap kasi nila sa phone daddy ko.. That time may ginagawa daddy ko kaya he said ok para matapos na.. It's 150 lang naman pero gusto na mag back out ni daddy. Ok lang kaya yun?

sorry sis, no idea din ako sa mga insurance na yan kasi lagi akong tumatanggi sa ganyan kung may tatawag sa akin, may it be loan offerings or whatever, lagi ko sinasabi na tawagan nalang ako some other time because Im busy. As long as I know na wala akong kailangang bayaran sa credit card company na yun... snob ako! hehe

Ask your dad na lang to call the hotline of BPI and ask for termination of that insurance if possible. Iba iba kasi, may ibang bank na automatic ata, not sure though.