Do you get text messages from banks like this?
It’s so tempting but really, no thanks.
You all know that I am not allowed to own a credit card. Bawal kasi kay Sombrero. Here are my thoughts about it.
For me, we really need a credit card. We need it for emergencies. We need it when we travel abroad. Di ba sometimes kulang na the money you have in that specific currency? The credit card can come in handy. Also, hotels abroad ask for it during check in. In my experience, everywhere, when you need accommodations, you have to bring out your credit card. You can’t even get a room at Airbnb without a credit card. And sayang yung mga 0% interest when buying furniture and appliances in installment.
Eto ang sagot ni Sombrero.
1.) We do not need a credit card. He said that I have a very low EQ. Kahit anong promise ko, he is sure that I will over-use the credit card. Hindi din uubra na kahit siya lang ang may hawak ng credit card because I’ll know that we have a credit card. And when I want to buy something with the card, he will not be able to say no to me. Maaawa kasi daw siya sa akin (yessssss).
2.) I cannot say daw that we need a credit card for emergencies. We do not need a credit card for emergencies. We need to have enough savings for emergencies. Albeit that’s true, I am still rolling my eyes here.
3.) We do not need a credit card when traveling. We need to have enough money when we want to travel. Meaning, you have to be liquid enough to have cash to take with you when traveling na hindi na-cocompromise ang savings para sa buhay niyo. Pagwalang pera, manahimik daw sa bahay. Wag mag-travel. It’s that simple.
Based on our experience, when we book hotels abroad, they do ask for a credit card for the reservation of the room. Almost always yan. Since we do not have a credit card, I borrow the credit card of Wowa to be able to book the room. And then, we pay cash upon check-in.
Upon check-in, the hotel receptionist will still ask for a credit card even though you paid na for your stay in cash. They need kasi to hold a certain amount for a deposit in case mag-ala rock band kayo sa hotel room at mag-sira ng mga gamit nila inside. What I do since wala nga kaming card is that we pay the deposit in cash and reimburse it na lang upon check-out. Ang hassle diyan is sayang yung money. Nagamit sana sa ibang bagay during our stay. Ang positive eklaver naman there is that, naka-save ka ng ganyang amount during your stay.
4.) When buying furniture and appliances, again, if you do not have money to pay for it then, do not buy it. Palusot lang daw ako because pa-appliance appliances pa daw ako eh what I really mean daw there is the interest free installment whenever I go hard core shopping for clothes and shoes in the malls. Stiiiiiiiiill. Imagine shopping for a lot of things and paying for them in installment!
There are pros and cons talaga when you do not have a credit card. Isa na diyan is you will learn to stay home and manahimik pagwala kang pera. Which is tama naman. Another is you are debt free. You would never want the feeling of anxiety when the credit card bills pile up because you are not able to pay. Sobra the stress lalo na when the collectors come to your doors and threaten you. Yeah. They really do that.
But if you are the kind of person who can exercise control over the credit card, by all means, go. Get all the credit cards that you can. Basta pagka-swipe, bayad agad when the bills come. Otherwise, sayang the interest fee that they will charge you.
I really up to you. Ako, I can say that I have matured and I think I now know how to handle a credit card. Fighting pa din, ano? Hahahaha! But like what Alvin said, better be safe than sorry. We will be married 8 years this September without any credit card on hand and we are surviving without it. Why rock the boat daw? So fine.
Kayo? Kamusta sa mga credit cards niyo? =)