Have a credit card isn't just for convenience and profit in the form of discounts and repayments. Currently most people like to use a credit card for reasons of maintaining the lifestyle. As a result some credit card holders are experiencing acute dependence on this payment card.
You have to be smart to choose the type of transaction you would pay before using the card. Here are six things you should never pay using a credit card.
1. Vehicle Installment
If you buy a car credit through car loans or leasing, make sure you have the ability to pay the mortgage. It is recommended not to pay a down payment or repayment vehicles cars and motorcycles with a credit card, because high credit card interest and low tenor will make you trouble.
2. Educational Installment
If you want to continue your education at undergraduate or graduate level but does not have sufficient funds, you should not use a credit card to fund it. A credit card will cause the amount to be paid became larger and your debt would be hard to be paid off. Better you find scholarships compared owe to credit card.
3. The Cost of Wedding
To finance the wedding, should not impose yourself using a credit card, although you will get a lot of gifts that might pay the credit card repayments. Remember the one problem the interest charged and the short period of time to pay off. Do not post-married happiness makes you an all-out struggle for the sake of paying off credit card debt.
4. The Cost of Hospital
When you or your family, all of a sudden illness or accident, then in conditions like this, maybe you're making hasty decision and immediately using a credit card to pay the hospital bills. Instead of using a credit card, it's good for you to make life/accident insurance or saving in the bank, which allocated for incidentals.
5. Mortgage Repayments
If you buy a house with the mortgage repayment, is it not recommended to use a credit card in advance and pay the mortgage installment. Due to the high credit card interest and time frame too short, would complicate to pay off the mortgage. As a result you will be burdened credit card repayments and mortgage repayments.
In the use of the credit card must be the one wise and make sure you pay it in full every time usage. Stop getting caught up in problems due to too consumerist or taking shortcut decision.
Source: MetroTV
