As a card that can be used as a flexible payment method, of course now credit cards have become an item that is always in everyone’s wallet. By applying for a credit card, you do not need to wait for the end of the month to buy goods, because you can use a credit card first to buy it. With a credit card, everything becomes easier and of course facilitates flexibility in transactions. However, despite all the conveniences offered by credit cards, this card also has losses that can make you difficult to manage.
The use of credit cards that are not wise makes a lot of problems arise, ranging from payments that are not timely, the use of credit cards, causing over limits and so on. For those of you who just want to apply for a credit card, try to rethink again.
Apply for a Credit Card
Excessive consumptive behavior
With promo offers given to credit card users encourage people to use credit cards. But, indirectly this will make excessive shopping habits. If this habit is inherent, it is not impossible that the debt will continue to accumulate.
This credit card can give the illusion that you who have a credit card can buy goods that cost more than the existing income. To that end, credit card holders must be wise in using their credit cards to suit their needs rather than their desires.
Interest and other expensive fees
Usually new credit cards make it easy at the beginning by eliminating fees in the first year, then for the second year onwards there will be an annual fee. This is an effort to hook those who are willing to owe it in advance and pay it later after earning income at the end of the month,
however, if you forget to pay according to the specified date, you will be penalized so your debt will increase.
Debts will never end
Yes, using a credit card means that you are ready to increase your monthly debt. With the convenience offered by credit cards, its users have the urge to always want to shop and finally go into debt. Remember, shopping using a credit card is not spending with funds in your own savings, but shopping with debt to the bank.
The ease of shopping with a credit card is very helpful, but it will make the debt increase if you are late in making payments, therefore excessive use of credit cards will cause new problems instead of becoming a solution for you.
Instead of applying for a credit card, why not just try investing?
If applying for a credit card makes you have more expenses at the end of the month, conversely with an investment you get additional income at the end of the month. In addition, with investments you can get profits, look after future needs, prepare retirement savings and as mentioned above ie have additional income.
Instead of spending your monthly money just to pay off credit card debt, pay credit card interest or pay a late credit card, it’s better to have the money invested in Good Rite Lending.
Because, only Accelerated Peer-to-Peer (P2P) Lending company can provide security, convenience and certain benefits, and can be a solution to manage your finances. The benefits that you can enjoy are also clear with 18-21% yield per year, will greatly help you to get financial freedom.