Should I apply for a credit card in Malaysia? | Updated

-
Should you apply for a credit card? There are good points and there are bad points.

Let me begin with some good points:
  1. It’s better than borrowing from “Ah Long”.
  2. You would need it if you or your loved ones need to get admitted to a private hospital. Private hospitals will need a deposit before they do any major procedure on you or even to admit you. Or else, you will be transferred to the government hospital. Further, most of us do not carry so much cash in our wallet.
  3. You would need it if you are suddenly jobless for whatever reasons and you have no extra cash. Living in a city means you can’t plant your own vegetables and hunt for meat. Almost everything cost money!
 The bad points:
  1. You start to buy expensive and branded products as if there is no need to pay back.
  2. You do not manage your credit card account/s and got yourself blacklisted.

Comments

Post a Comment

Pages

Popular posts from this blog

12 Best SME Business Loans in Malaysia 2024

-
Image
SME or also known as Small and Medium-sized Enterprises are businesses that maintain revenues, assets, or a number of employees below a certain threshold. These business entities are often regarded as the heartbeat of Malaysia’s emerging and developing economies. Apart from providing vast numbers of employment opportunities, SME businesses are generally entrepreneurial in nature, helping to shape innovation. Generally, there are two criteria to be met in order for your business to qualify as an SME -- your annual sales turnover and the number of full time employees in your company. This also implies differently for each economy sector: Manufacturing (Small SMEs) Sales turnover RM300,000 to < RM15 million Full time employees 5 to < 75 people Manufacturing (Medium SMEs) Sales turnover RM15 million to < RM50 million Full time employees 75 to < 200 people Services & Others   (Small SMEs) Sales turnover RM300,000 to < RM3 million Full time employees 5 to < 30 people Se
Read more

Best 6 Retirement Villages in Malaysia 2024

-
Image
Are you thinking of finding the best retirement home  for your parents in Malaysia? The demand for retirement homes in Malaysia can only go up in view of the increasing number of senior citizens in need of retirement homes that are affordable with good quality related support services. Malaysia is one of the top 10 retirement destinations in the world, based on the  Annual Global Retirement Index for the year 2020 .  Malaysian cities are clean and modern, its public transport unrivalled, and its people the friendliest in Asia. And while other Asian countries offer great budget holidays, and some offer first-class vacations, Malaysia manages to cater extraordinarily well to both. Next, you may need to understand some of the retirement related jargons here. There are many related terms such as retirement village, retirement home, retirement resorts, old folks homes, nursing homes, dual-key etc. So that we are on the same page, let's stick to the terms as defined by the Malaysian Mini
Read more

6 Best Cloud Kitchens in Kuala Lumpur and Selangor 2024

-
Image
If you are looking for the best cloud kitchens in Malaysia, you've come to the right place. Like seemingly everything else, technology has been taking over the food industry. Traditionally, around  60% of new restaurants fail  within the first year, and almost 80% shut down before their fifth anniversary.  What are cloud kitchens (a.k.a. ghost kitchens, shared kitchens, dark kitchens or virtual kitchens)? They have been  in the news  a lot lately. So chances are that you have at least heard of them. On the surface, cloud kitchens are delivery-only restaurants.  Historically in tech, we have used the word "cloud" to mean either that the web-based processing happens at some remote data center or the files are saved at a data center. However, the meaning of the word has evolved lately to include anything that happens remotely so you can get the final product wherever you are. Cloud kitchens are restaurants that only have kitchens. They are essentially food production facilit
Read more

10 Best E Wallets in Malaysia 2024

-
Image
An e-wallet is a feature within an app that allows transactions to be made via a smartphone. Similar to a traditional 'wallet', the e-wallet stores digital cash instead of physical cash. The prominence of e-wallets in Malaysia has grown significantly in the past few years, with its huge growth mainly driven by the government’s efforts and active marketing efforts by various companies. Credit: CompareHero.my Let’s check out the popular eWallets in Malaysia now with their payment method, top up method and other features as below: 1) E Wallet Touch 'n GO Courtesy of tngdigital.com.my TouchnGO eWallet is owned by TNG Digital Sdn Bhd, It’s an all in one e-wallet service covering all existing and future Touch ‘n Go products & services, with the Slogan “Shaping the future of e-payments for Malaysians”. Payment Method : QR Code Transfer to Friends : Yes, with Phone Number Top Up Method : FPX, Credit or Debit Card, Reload Pin, or Auto Reload Merchants : Over 100K Merchants as at
Read more

Glutathione vs NAD: What's the Difference?

-
Image
What's the difference between glutathione and NAD? We will cover the essentials and explain about each of these nutrients below.  What is Glutathione? Glutathione or GSH (tripeptide of glutamic acid, cysteine, and glycine) is referred to as the body’s “master antioxidant” or the “mother of all antioxidants” because it is your body’s primary and most prevalent protector, found in all mammalian tissue. Types of Glutathione There is a lot of confusion about GSH and what makes an effective glutathione supplement. There are different types, different formulas, and a lot of different companies saying different things. L-Glutathione or Reduced Glutathione because it is the most commonly found, least expensive, and the true core behind other forms you will find. There is some debate whether L-Glutathione alone can be effective taken orally. The theory being the enzymes in your stomach break it down before it can ever reach the blood stream and become useful. Some  evidence  suggests using
Read more

10 Government Grants for Small Business Malaysia

-
Image
Battered and bruised by the COVID-19 pandemic, the nation’s small and medium enterprises (SMEs) have suffered from decreased sales revenue and tightened cash flow. They have faced a lack of labour and difficulties in adopting technological solutions to digitalise their business. As such, the RM14.2 billion in funds available for SMEs in Budget 2022 is “like a lifeline” for SMEs,  said  Universiti Malaya senior economics lecturer Goh Lim Thye. “They will be able to solve their cash flow problems with these grants.” With the pandemic proving just how important it is for businesses to have an online presence, Goh said the RM200 million digitalisation grant would be especially useful as it would encourage SMEs to explore such opportunities for their businesses. Out of the RM200 million, RM50 million has been set aside to digitalise Bumiputera micro entrepreneurs in rural areas. Goh noted how the online shopping boom has seen platforms such as Lazada and Shopee generate massive sales over t
Read more

Online MBA in Malaysia: 6 Best Online MBA Programs and MBA Reviews 2024

-
Image
Online MBA Malaysia Masters of Business Administration (MBA) are postgraduate degree programs in business administration. MBA is a program designed for students who want to further their academic skills and broaden their knowledge in the business space. Students gain a broad understanding of the key functions of a range of business areas and use these skills to contribute to lon term direction of a business. Some MBA program classes are online, students will not have to appear too many face to face classes. Schedules may not be as stringent when taking lessons online. Students can work on and carry out assignments when they are ready and at their personal pace.  There are many online MBA programs available both locally and globally. This is not a simple decision as it involves a significant amount of investment in terms of time and money. Ask your friends and seniors for advice.  We have selected 6 online MBA programs for you to choose. The selection of the online MBA progr
Read more

Forex Traders Survey: What Does It Really Take to Be a Successful Trader?

-
Image
Forex Traders Survey  Firstly, we always hear that figure, 5% of forex traders are successful and 95% fail. It would be great if traders could get a handle on that and see where the truth is. And then secondly, are there some things that traders do, that we could be more aware of that relate to the profit. So, is there any principle for traders to follow to ensure that they could become part of that 5% winner? Obviously we've heard lots of other trading coaches and psychologists sharing various ways that forex traders can become part of the 5%. The following survey was to get 'numbers' behind it so it's not just a theory; it's actually something that we can observe; a behavior pattern that shows us the difference between the guys who are consistent in winning and everybody else. Forex Traders Survey Summary More than 700 traders were surveyed. Forex Traders Survey Source: http://www.traderinterviews.com 51% fai
Read more

12 Best Credit Cards in Malaysia 2022

-
Image
If you are looking for the best credit cards in Malaysia, you've come to the right place. Finding the best credit card to suit your spending style will help you get the most benefits and rewards for every RM you spend. This includes earning air miles for ever local and overseas spend, earning cash back on categories like Dining, Online Shopping, and Petrol to name a few, and earning rewards and discounts per RM spent. We've analysed and reviewed these cards below to help you find the best match for your lifestyle. Best Basic Credit Cards 1. Maybank 2 Gold Card Why settle for one when you can get 2 cards? With the Maybank 2 Gold Card, you will get to enjoy the benefits of two cards which are the Maybank2 MasterCard and Maybank2 American Express Card. Only one sign up is required and you will be able to keep tabs on both cards through one statement.    Apply Now Among the benefits of the cards are as below: 5x TreatsPoints for spending on Maybank2 American Express Card in Malaysi
Read more

FLCCC I-Recover Protocol: Post Vaccine Treatment Protocol (2023)

-
Image
Although no official definition exists for post-COVID-vaccine syndrome, a temporal correlation between a patient receiving a COVID-19 vaccine and beginning or worsening of clinical manifestations is sufficient to diagnose as a COVID-19 vaccine-induced injury, when the symptoms are unexplained by other concurrent causes. Note that there are significant overlaps between the symptoms and features of long COVID/ long-hauler syndrome  and post-vaccine syndrome. However, a number of clinical features appear to be characteristic of post-vaccine syndrome; most notably, severe neurological symptoms appear to be more common following vaccination. To complicate matters further, patients with long COVID are often also vaccinated, making the issue of definition more difficult. Since there are no published reports detailing the management of vaccine-injured patients, the FLCCC treatment approach is based on the postulated pathogenetic mechanism, clinical observation, and patient anecdotes. Treatment
Read more