Who says credit cards can put someone in debt? If you maximize your credit card well, especially for those of you who love traveling abroad, it can bring its benefits. Check it out!
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This very practical non-cash transaction tool can be used for various purposes, from purchasing plane tickets, and hotel reservations, to eating. So that you can experience the many benefits of a credit card when traveling abroad, see how to maximize it below.
1. Before traveling abroad, make sure you notify the bank that issued your credit card. The goal is for the bank to open access to the country you are going to. In addition, the bank can recognize all transactions you make abroad, so that transactions are not considered suspicious and result in blocking.
1. Before traveling abroad, make sure you notify the bank that issued your credit card. The goal is for the bank to open access to the country you are going to. In addition, the bank can recognize all transactions you make abroad, so that transactions are not considered suspicious and result in blocking.
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2. If you have more than one credit card, use credit cards issued by local banks or foreign banks that have branches in Indonesia. Credit cards issued by foreign banks and not having branches in Indonesia will only burden you. Because you are at risk of being hit by double taxation, namely value-added tax from every transaction you make and income tax.
3. Before making any transaction, double-check the credit card limit and validity period. The credit card limit is determined by the amount of income, total debt, number of credit card applications, and savings balance. The over-limit fee for each credit card is different, usually around 5% of the excess limit. For example, the approved credit card limit is IDR 10 million, while the total bill is IDR. 13,500,000 (overpayment of 3,500,000). So, the over-limit fee you have to pay is 5% x Rp. 3,500,000 = Rp. 175,000.
3. Before making any transaction, double-check the credit card limit and validity period. The credit card limit is determined by the amount of income, total debt, number of credit card applications, and savings balance. The over-limit fee for each credit card is different, usually around 5% of the excess limit. For example, the approved credit card limit is IDR 10 million, while the total bill is IDR. 13,500,000 (overpayment of 3,500,000). So, the over-limit fee you have to pay is 5% x Rp. 3,500,000 = Rp. 175,000.
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4. Not a few restaurants offer lots of promotions if you pay using a credit card. Try to find out which restaurants offer these promotions, before deciding to eat out.
5. It's best to use cash when making transactions that are not too large, such as eating lunch or buying coffee. Using a credit card will only make you wasteful because you don't feel like you're spending money on lunch or buying coffee.
5. It's best to use cash when making transactions that are not too large, such as eating lunch or buying coffee. Using a credit card will only make you wasteful because you don't feel like you're spending money on lunch or buying coffee.