It’s critical to keep track of your spending habits, control your expenses, and avoid getting into debt. Most credit card issuers allow you to view your transactions online for easy monitoring. This allows you to analyze your spending habits and make adjustments when you need to.
If you’re confident you can use a credit card responsibly and pay off the balance every month, try using it as a budgeting tool. By making all of your purchases with your credit card, you can see exactly how much you’ve spent at the end of the month. Of course, you should only do this if you know you can pay off the balance each month. To make sure your credit card spending doesn’t get out of hand, never charge more to your card than you have in your bank account.
When you pay for something with a credit card, you’re not using your own money but borrowing it from the financial institution that issued you the card. If you charge correctly, credit cards are terrific. When you don’t, they can be terrible. Here’s the scoop. Each charge is a loan. Every time you use the card, you’re tapping into a line of credit, which is a predetermined amount of money that you can spend that is set by the issuer. Once you get approved for a card, you can choose to borrow some or even all of what is available to you. Therefore, if your credit line (sometimes called a credit limit) is $1,000, you may charge up to that amount.
Qualifications for applicants for the cash card UOB Cash plus , Thailand’s latest cash card.
For anyone interested, would like to look for some cash cards, especially with UOB Cash plus. Let’s check the features better, if you can apply for this latest cash card :
1. For business owners
Is a Thai natural person aged 20-26 years
Monthly income 20,000 baht or more
3 years of working life in the same business
2. For regular employees
Being a Thai national, aged 20-26 years
Monthly income 15,000 baht or more
Have a working age of 1 year or more in the current company Or in the same business
Balance alerts can help you keep your spending in check: Keeping a watch on how much you’re spending with your credit card is easier than ever before. Most issuers allow you to set up balance alerts so that you’ll receive a text and/or an email whenever your total spending hits a certain threshold that you’ve set. Sign up for this service so that you’ll get a notice when your credit utilization ratio is approaching the 30% mark – this way, you’ll know to make a payment before you jeopardize your credit score.