Credit cards have become a payment option that is often chosen in order to ease the burden on buyers. Payments made in installments every month of course will help buyers to set aside money little by little for the items they want to have. In addition, the credit card payment function is of course useful if there is a 0% installment promo or other promotion that makes goods cheaper if paid by credit card. However, it turns out the option to pay by credit card is not entirely correct. There are a number of errors in using a credit card that are generally done because of paying things that are not right. The following are a few examples:
Mistakes in using a credit card can be found in cases of cash swipes. Cash swipe (gestun) is the process of withdrawing cash through an ATM made by the credit card owner. Owners of EDC machines / merchants offering gestun services will usually swipe your card and make you make a transaction. Later, you will get cash in accordance with the credit limit that you have. Of course this practice will still charge interest on every cash swipe transaction you make. The current cash swipe practice has also been banned by the Government in anticipating irresponsible debt habits so that credit becomes problematic. This practice is also vulnerable to use by irresponsible parties by money laundering.
Using a Credit Card for Daily Expenditures
Don’t use a credit card to pay for daily expenses. If you often think that there is no harm in using a credit card for small things, then you should change that way of thinking. This is because often you don’t realize how many bills you have accumulated for these small payments. Even if you use credit cards too often to shop in the mini market, pay for coffee in a cafe, or pay for taxi transportation online for example, you can make your credit card bills from a little to a hill. We recommend that you use a credit card to pay for other things that are more profitable, but try to always use cash for any payment.
Using a Credit Card for KPR
Using a credit card should be done for payments that are still classified as term the time is not too long, for example you buy a smartphone and installments for 12 months, so it is clear that the payment for the product is still in nominal value which still makes sense in being able to be paid the following month Don’t use a credit card to pay for home installments. This will make you develop the habit of digging a hole close a hole. KPR itself is usually accompanied by a high enough interest, considering that the price of a house that is already high means that the possibility of you paying in installments will be even higher. Imagine if the total mortgage payments still have to be accumulated with credit card interest, of course the price will soar higher. Apart from not being recommended, this has also been banned by BI, which announced that credit cards are prohibited from being used to pay other credit installments. So, indeed the function of a credit card should only be used for payment instruments.
Using a Credit Card for KKB
Still the same as using a credit card to pay mortgage, using a credit card as a means of paying KKB installments is also not recommended. Installments in motorized vehicle loans, such as cars, have a nominal amount that is not small and carried out over many years. In addition to the KKB interest and credit card interest that have made car prices more expensive, you can also be threatened with being included in bad credit if you do not really pay attention to the ability to pay large amounts of installments. If in the following months the financial condition is disrupted, of course it will affect your installments, while the interest on credit cards and KKB interest will continue and make the price of vehicles more expensive.
Using a Credit Card as a Business Capital
When you want to start a business, of course you need a lot of capital so that the business can run. One mistake in using a credit card can be seen in this case. Many people use these plastic cards to fund the cost of capital needed in a business. Even though you should n’t use a credit card to pay for your business capital . There are many other options that can be used when starting a business, for example with various business credit programs that have been prepared by banks for small businesses, including micro business units. So, don’t even let your credit card trap you in debt problems just because of business capital.