Utilizing Credit Card Promos in Ramadan. Is It Plunging?

Not felt, in just a matter of weeks we will enter the month of Ramadan. The month is full of blessings, as well as a month full of expenses. Uniquely, even this month there are also various credit card promos that you can use to get various items at a much easier price. However, on the one hand you also need to be careful, because if not a credit card promo can even backfire. Instead of appearing as a solution to be more economical, you are even more wasteful.

 

Credit Card Promo in Ramadan

Credit Card Promo in Ramadan

 

Reporting from Kontan, there are various credit card promos that you can use to get cheaper prices. For example, XXV credit card promos vary from homecoming needs that can be found in travel agents, hotels, and clothing needs and household needs with a 0% installment program.

On HNN credit card promos, you can also get the best prices for various products in the travel, restaurant and clothing categories. In the dining category, of course, it will be very beneficial, especially if you plan to do a show with family and closest friends. Merchants who are collaborated in HNN credit card promos are also quite interesting, including Shaburi, Kintan, Pepper Lunch, Bakerzin, The Duck King, and Fook Yew.

Similar to YYX credit card promos, this one bank also offers promotions for all types of transactions, ranging from restaurants, supermarkets, travel agents, online shopping, and its services. With YYX credit card promos, you can enjoy promotions ranging from discounts, free products, to attractive installments.

 

Get around credit card promos to avoid being wasteful

Get around credit card promos to avoid being wasteful

 

After knowing the various promos that are available and quite interesting, the next question is whether to use credit card promos for shopping in Ramadan? Can this not lead to waste?

 

Use as needed

The many attractive promotions offered by various banks in Indonesia ahead of the Ramadan moment are indeed very interesting. However, keep in mind to not be too impulsive using a credit card. For example, a credit card that you have works with a particular restaurant that can provide a discount on each of your visits. However, that does not mean you have to increase the frequency of events open together, right? Imagine if you did not choose wisely, there would be excessive spending. In fact, you can also open a program together at home, or in another restaurant that basically has a cheaper menu price. This applies also to clothing and expenses in the field of travel.

 

Check the original price from now

Wisely Using a Credit Card

Not infrequently, some merchants who are ignorant raise the base price first, so the final price charged by the promo is not much different from the initial price of the product. Indeed, not all stores use such ignorant methods, but as a preventive measure it is better to check the price of the product you really want to buy from now on, so that the promotion offered can be utilized more leverage.

 

Focus on the items you need

Even though there are many promotions that are scattered, still don’t be easily tempted to shop for many products. You must focus on products that are needed. For example, you have already prepared funds to buy a ticket back and forth to Sulawesi, which costs quite a lot. Focus on allocating funds for these expenses. Even though at the credit card issuing bank you have promos on other types of products, for example eating at certain restaurants, avoid using them. This function is to further suppress spending in order to stay in control and not be overdone.

 

Wisely Using a Credit Card

Considering whether or not the need to use a credit card to take advantage of various attractive promotions in the actual month of Ramadan must be returned to self-policy. It is undeniable, you must take into account the ability to pay bills at the end of the month. Don’t make late payments. As much as possible, make payments before maturity to avoid late penalties and interest charged. If indeed you have an adequate budget to make payments, it doesn’t hurt to take advantage of the various promos. Happy shopping!

Credit Consolidated Without Mortgage

From the list of solutions to the excess of indebtedness comes the consolidated credit without mortgage, a financial solution potentially interesting for those who want to reduce their installments with credits. Here’s what the potentialities and dangers of consolidated mortgage-free loans are

 

Add the Credits All in One

The consolidated credit consists of joining all the credits together. In this context:

  • With Mortgage – Giving a property as collateral can lengthen the deadlines and have an interest rate similar to the rates applied in mortgage credit;
  • No Mortgage – Consolidated credit without mortgage is also known only as consolidated credit. In this case there is no guarantee of a property so the term and interest rates are not as attractive as if you had this mortgage.

 

 

Is Mortgage Without Mortgage Good For You?

Is Mortgage Without Mortgage Good For You?

The solution presented may be a good solution for you. But it can also be something negative. Everything will depend on your use of this credit consolidation. As main advantages, we can highlight:

  • Reduce benefits – You can greatly reduce your credit installments, especially if you have many short-term credits (such as credit cards). In some cases, consolidated credit without mortgage reduces benefits by more than 60% ;
  • Improved management of benefits – It has only one benefit, which can manage more easily, resulting in fewer delays and defaults (and consequently fewer commissions and interest on arrears);
  • Reduction of the average interest rate.

 

What are the Disadvantages of Consolidated Credit Without Mortgage?

As in everything in life, there is a reverse of the medal. Not everything is roses. But if you make a good use of this tool you will be able to take advantage of the advantages and avoid the disadvantages, which are:

  • Incentive to consumption – If you do not have discipline, reducing benefits will mean you will have a lot more income to spend. In this way, it can happen that it returns to consumption and that even more indebted;
  • Payment of More Interest – In some cases, the lengthening of the deadlines may imply in the increase of the total amount of interest borne throughout the credit.

 

How to Avoid Paying More Interest With Your Credit Consolidation?

How to Avoid Paying More Interest With Your Credit Consolidation?

If you have made a consolidated loan without mortgage know you can cut the total amount of interest paid. This is possible because:

  • The average interest rate can be reduced – If you reduce the cost of money, you may pay less over all the years;
  • Early Amortization of Credits – You can use the savings generated with the consolidation of credits to amortize your consolidated credit in advance. You are not obliged to do so. You have this flexibility and freedom. But if you do, you’ll end your credits more quickly.

 

How to Have the Best Consolidated Credit Without Mortgage

How to Have the Best Consolidated Credit Without Mortgage

To find the best consolidated credit in the market we suggest that you fill out the credit simulator below. By filling out the simulator you will be able to find the best credit in the market because Michael Henchard contacts several banks and financial institutions, choosing the cheapest one for your specific case. And all without any cost of analysis and dossier for which, once again, maintains all freedom.