5 Tips for Credit Card Beginners in Thailand

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5 Tips for Credit Card Beginners in Thailand
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Intro

• Thailands economy is fast-growing and is just
  getting stronger, and even though financial
  inclusion and credit card penetration is still
  low in comparison to other countries outside
  Southeast Asia, theres a growth in the number of
  cardholders.
• As this number grows well have a bigger number
  of credit card beginners, and thats why this
  article will share with you 5 excellent tips that
  will help you, because credit can be very useful
  but if you arent careful enough, then it can
  generate tons of problems

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Tip 1 Understand That Theres a Cost

• You need to understand that a credit card isnt
  free, because companies in this industry arent
  here just to give free loans to everyone. For
  example, Umay is very clear in regards to what
  they offer and the costs attached to their cash
  card (interest fees).
• By simply understanding this youll have more
  control over your spending with your credit card,
  so make sure to internalize this very well.

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Tip 2 Understand What Will Happen If You Max
Out Your Card

• Maxing out your credit card is one of the worst
  things you can do, because it will severely hurt
  your credit status and history.
• Thats why according to experts you should never
  spend all of your credit available, and thats
  why it is very important to set a strict budget
  (more on this in a bit) and stick to it no matter
  what.

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Tip 3 Have a Strict Budget

• As a responsible cardholder you should set a very
  strict budget and stick to it.
• Those who max out their credit cards are often
  people who dont have a budget, and thats the
  principal reason to set it, because without
  control youll just create many problems for
  yourself.
• Sit down and set a max monthly spending based on
  how much you can afford. Not all of us have the
  same financial situation, so your budget must be
  100 adapted to you!
• Its really important to people in Thailand,
  because many are fresh users and being tempted to
  over spend is quite common, so you better set up
  a strict budget as soon as possible and save
  yourself from the struggle.

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4 Always Pay The Full Amount

• When it is time to pay your balance, you should
  go ahead and pay the full amount.
• Credit card companies often allow you to pay a
  minimum payable amount, but you shouldnt go for
  that option because it will add more interest
  fees to your balance.
• If you want to keep your credit under control,
  always pay the full amount, because otherwise
  youll face the consequences.

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Tip 5 Be Concerned About Your Credit Card
Security

• And finally but not less important, you should be
  concerned about your credit card security.
• Never share your number and CVV with other people
  and always keep your PIN number safe.

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Final Words

• These simple yet powerful tips will make of you a
  better a cardholder. Remember, credit is useful
  but pretty dangerous if you dont know how to
  manage it.
• www.umayplus.com/CashCard