Wednesday, February 20, 2008

Credit Cards and Me


My friend DD, who is also my neighbour, knows all about my problem with
credit cards.
We were also colleagues once upon a time and I remember how we used to discuss my credit card situation in her cubicle during our lunch break. She would usually give me a pep talk on how I should be more careful with my finances and make me envision a life free from the clutches of credit cards. I would respond by listening to her; nodding in full agreement, before secretly mailing out my application!

When did I first apply for a credit card? I think it was about a year after I was employed at my first job in NST. That year, the banks finally decided to lower their pay requirements for credit card application and I found myself
suddenly bombarded with many cool offers! I happily sent in as many applications as I could, thinking that I couldn't possibly be approved by all the banks. As it turned out, I ended up with more than 3 shiny new credit cards, which made my eyes shine just as bright at the thought of the new source of funds I would be enjoying!

When I left my last employer in 2003 with a hefty Voluntary Separation Scheme (VSS) compensation, I promised myself that I'd use some of the money to get rid of at least half of my credit cards. I
reluctantly parted with a huge chunk of my compensation money to settle my outstanding amounts for several cards. However, I still couldn't bring myself to cancel their respective accounts lest I might need one of my credit cards for a rainy day. I definitely should have done the cancellation then because many rainy days and countless "emergencies" later, I am back at square one with the same amount of outstanding balance and number of credit cards I started out with!

Perhaps safety in numbers is totally out of context here, but that's how I feel sometimes. The more credit cards I have in my collection, the "safer" I feel. If left uncontrolled, I know that my soft spot for credit cards can spell total disaster, especially when I'm in the mood for one of my shopping sprees. Furthermore, my sometimes motto of "Buy now, worry later" doesn't seem to be helping much! In fact, I'm currently contemplating on accepting a new credit card offer that came in the mail yesterday. It has some really great features, so before I get too enticed by the new credit limit this card is offering, I'd better pay DD a visit - I think it's high time she gives me another pep talk!

30 comments:

Farah Deen February 20, 2008 12:10 PM

credits cards are a blessing at times....but it could also lead to nightmares most of the times....

LadyJava February 20, 2008 3:46 PM

hahaha GP! I totally relate with the "safe" feeling". I still have my Singapore credit card although I don't use them anymore and still paying the subscription fee! Duh!!..

Anyway.. do becareful with credit card purchases.. my advise if consider balance transfer. that way you reduce your interest payment drastically while paying off the debt at a fixed rate monthly...

Good luck sweetie!!

Franco February 20, 2008 8:26 PM

Hi Mariuca...how have you been? Your blog is still as interesting. And also thanks for dropping by at my blog. Will come back soon.

Cheers :-)

Franco

www.francoyong.com

Emila Yusof February 20, 2008 10:17 PM

Faster go see DD! She will surely give you a big pep talk!

JesseTheCat February 20, 2008 11:36 PM

Hi Miss M,
A really great post here...ok,I have never had a credit card,believe it or not.But so many people do..and I know its easy to fall into that mindset of 'buy now-pay later',lol,Marzie my dear,I shall come to you for advice if I ever decide to get myself a card.
Hope your day is great otherwise...and that you are having fun ! If you have the spare time,come over and visit me,I tagged you in my latest post!
Hugs to Sweet little Phoebe..and big hugs to you too :)

Mariuca February 21, 2008 12:26 AM

Nicely said Farah, but I still say yes to them in the end...for now at least! Thanks for coming by today! :)

Mariuca February 21, 2008 12:29 AM

LJ, I miss u la woman! My PC is really testing my patience, very hard to surf blogs, have to quickly write my post before it goes bonkers on me again! :(

What I really need is a million bucks to bayar credit cards and all my other hutang, then enjoy the rest of my days blogging lolz!! :):):)

Mariuca February 21, 2008 12:31 AM

Franco! As always, it's great to hear from you, any cool biz trip lately? Thanks for ur support, and it was a pleasure to visit ur blog. Have a great week! :):):)

Mariuca February 21, 2008 12:33 AM

Emila! Then can also check out how slim she is now that she's going to the gym!! :):):)

LadyJava February 21, 2008 12:35 AM

GP!!!!! Miss you too woman!!!... but how I wish I also got a million bucks lahh... where to find??...lolzzz!!!

Mariuca February 21, 2008 12:37 AM

Hola Jesse! I can't believe you don't have any c.cards!!! I can't remember the feeling of being without one now, they're like a must for me. But I am trying to minimize them, by using more cash nowadays rather than credit! We'll see how that works out lol... Great to see u here Jesse and I'll come by with Phoebe to check out that tag, hugs and love for u sweetie! :):):)

Mariuca February 21, 2008 12:39 AM

Aiyo LJ, I don't know la... we need to come up with a million making idea, paid posts is def not the answer, very slow nowadays he he he...

LadyJava February 21, 2008 12:46 AM

yalah GP! tell me about it...lolzzz... hmm.. must put on the thinking cap already lahh....hmmmm...

Mariuca February 21, 2008 12:59 AM

I need a new thinking cap and some inspirasi! My connection is also very slow today! So diff to leave comments or msgs on sbox! :(

LadyJava February 21, 2008 1:03 AM

Cian GP!! yeap internet is slightly slow now but plus your reboot problem.. I feel for you sweetie... takper sabau jer... nanti tonight I mimpi how to get that million bucks..lolzz

Mariuca February 21, 2008 1:34 AM

Exactly LJ, double the tensi lolz... sweet dreams! ;)

Bobby February 21, 2008 5:37 AM

Hi Marzie! I cut all my credit cards up and threw them away! I pay in cash only. I really screwed myself up with cards when I was younger as I wasn't responsible enough to handle them!

Mariuca February 21, 2008 7:18 AM

Bobby, that sounds so cool, I can't bring myself to do that just yet but I am trying not to screw up here he he he! :):):)

Anonymous,  February 21, 2008 11:16 AM

Mars bar

What's up with you?? After all the hard work from Bernas payout to cancel the debt - now you are back to square 1!! I will personally help you cut up your cards. You only need 2 cards, 3 at a max.
Call DD for a pep talk and call me for a lecture!

S

Nick Phillips February 21, 2008 11:31 AM

Marzie, my motto at one time was 'buy now, worry later' too and it got me into a heap of problems that I'm still paying for!

Credit cards are more evil than Lucifer himself ... LOL!

If one has got no self control and a credit card comes their way, then they're screwed for life!

Oh, no, look, more credit card application forms are appearing on my desk. Back! Back, I say you evil Things! LOL!

Farah Deen February 21, 2008 1:05 PM

LJ, of course, even I need them at times....mostly for online shopping, online flight bookings and all. However, I always make sure to pay them off before the bill comes!

checking out your perfume gallery now! it must be smelling good in there right?

kimfei February 21, 2008 10:19 PM

halo marzie,it is such a long time i didnt drop u any message..i am just too busy with my project and my study after the cny..hence,less visit and also less update..hehe..hope you are doing well..

Make Money Online February 21, 2008 10:38 PM

I'd love to have my credit card this year. Hope my appplication will be approved ;D

Mariuca February 21, 2008 11:08 PM

OMG!! I didn't think u'd see this la S!! Ha ha ha ... yeah la, I'm back to square 1, guess you're not proud of me right? ;) Great to see u here btw! :):):)

Mariuca February 21, 2008 11:10 PM

Hey Nick, that's why la I'm trying to refrain from spending unnecessarily nowadays, if u know what I mean! ;) But I still need a few, just in case mah! :):):)

Mariuca February 21, 2008 11:12 PM

Farah, you're just like one of my friends, she uses her c.cards, but pays them all off by the end of the month! But where's the fun in that he he he... Oh have a great MPG visit! :):):)

Mariuca February 21, 2008 11:14 PM

Kim Fei, so nice to see u after so long! Poor you busy, me too nowadays, plus my PC is acting up again, so diff to surf. I'll come visit u too! :):):)

Mariuca February 21, 2008 11:19 PM

Hola MMOnline! I hope your app will be approved too, lucky you he he he! :):):)

Anonymous,  March 05, 2008 7:56 AM

wah wah wah mariuca itu... bukan main lagi ye. Hehehe sorry was soo busy and only today managed to get meself updated here. Hey u know what, yesterday while driving home from work i was thinking of calling u. What else. CC business la. Really need to settle all the cards and thought we could sit down and plan like usual.

Apa ni? So did u mail ur new application? ish ish ish

DD

Mariuca March 05, 2008 12:25 PM

LOL DD!!! Yeah la, the usual problem la myself! I'm enticed by the JJ credit card, every time I go there, they'll happily offer me one. And this one can collect JJ points some more he he he.. but I haven't applied la, just tempted, still trying to control the situasi! ;)

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