Yesterday while I was surfing the net, I found out about this site and saw that many bloggers link their posting to this site. I read some of the blogs and it was interesting. Some of it I will definitely visit again. Many just like me, writing what's on their mind their daily encounters at work place, home, school etc.
Today I found out that my cheque for a freelance project has cleared. Hmmm...now I can clear my credit card. I disagreed witht he BNM ruling which obolished the 20 days interest free for credit card holders who didn't pay full amount. If I can pay full amount of my purchases, then I won't need a credit card, won't I? The word credit itself already spell it out. It's credit facilities that I want. Now that the 20 days interest free is taken off, there's less reason for people to own a credit card because the terms is no different than cash. If I have a comfortable life and enough money to spend, I won't be needing a credit card.
At the point when we are sufferring a CPI of 7.7% (which I believe it's actually much higher than reported banks are making money out of the poor souls like us, the PEOPLE. With average Malaysian owning at least 3 credit cards or more, it will become more of a burden to them with the BNM ruling. The 2nd finance minister said on the press and TV that he will try to discuss with BNM about this issue and would try to stop this ruling, but until today I haven't see any result or any update of the issue. Someone should remind the 2nd finance minister that the PEOPLE are still waiting for the outcome. At the mean time, I have stop using my credit cards, yup I have 3 credit cards, until I clear all the outstanding balance. It will be easier to said than done but I'm determine to clear at least 1 or 2 credit cards. This a start.
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