Many people are still hesitant to have a credit card. The reason is they don’t want to be overwhelmed with worries about credit card installments. It is understandable why there are people who have thoughts like that.
Sometimes the sense of worry is also felt by credit card users. Various questions undermined their minds. For example, how many credit card installments do you have? Did you pay the installments yesterday yet? And such and such.
Well, for those of you who are card users and feel worried about the installments that must be paid, there are several way.
1. Schedule credit card installment payments and always prioritize
Credit card installments should not be delayed. Once there is money directly paid instead of later running out of money then confused how to pay. In the end the installments will be overdue.
So schedule when credit card installments will be paid. It’s easiest when paying, immediately pay the full installments. Make sure the payday is due before the due date.
That way, when you receive a salary and continue to pay the card installments, there’s no late payment story. Smooth payments and installments are also not in arrears.
2. If you do not pay directly using the salary obtained, take advantage of savings
Saving is indeed a lot of benefits. One of them is to become a credit card installment payment fund. This can be done as long as you are in a situation where your salary has been used up.
However, that does not mean then you must continue to use savings to pay installments. Continuously used can make a depleted savings balance later. Because the use of savings funds is intended for urgent matters.
In addition, savings that have been used must be replenished so that later it can be used for other purposes.
3. Always make sure the total installments for a month is not more than 30 percent of salary
In previous articles, Moneysmart always appealed for credit or debt as much as possible not to exceed 30 percent of salary for a month. Because more than 30 percent can make financial condition not healthy later.
So always make sure the amount of bills you bear for a month is not more than 30 percent of salary. You can record every expense that is transacted with a credit card so you know to what extent the card is used.
Even though the credit card has a limit, you don’t mean to use it as a reference for use. Do you really want to pay installments according to a limit of 10 million even though ideally only 3 million?
4. Always check credit card usage periodically
You can check the use of a credit card. Usually credit card issuing banks provide several ways that card users can use.
For example, you are a BCA credit card user . There are several ways you can use to check the use of a credit card.
First, access * 141 # for billing information. Second, check via MMS by typing BILLING 1234. Third, find out via BCA internet banking and mobile banking. Finally you can ask at the BCA call center.
Checking bills regularly is aimed at keeping you in control of using credit cards. That way, you are not too far in the transaction.
5. Restless with flowers? Take advantage of 0 percent interest installments
This is also the reason people are reluctant to have a credit card. They are reluctant to deal with loan interest. Because it can make them fall into debt later.
By using a credit card, you don’t need to worry about interest. Because there is an installment payment option with 0 percent interest.
However, you need to know. This 0 percent interest installment will apply if you pay the bills in full before they are due or when they are due. Because more than the due date then you will be charged interest plus late fees.