What is a Credit Card? What's it like to use it?

 The development of an increasingly fast-moving era and the higher needs of a person's life usually make someone need or want a certain item or product.  But usually the desired product turns out to have a fairly expensive price but you need the item.  To get around this, usually a store will provide services to pay for goods in the form of monthly installments to its customers.

 Therefore, often someone uses a credit card to buy an item or product that is wanted or needed.  Before you decide to use a credit card, you must first know what a credit card is and how the system works.  What kind of credit card is offered by each bank, because each bank offers a different credit card system.

 What is a credit card?  And what is a credit card like?  A credit card is a non-cash payment instrument using a card issued by a bank.  Credit cards can help you make transactions at the beginning and are paid by the bank, but in the end you have to pay the nominal that has been determined by the bank at the beginning of each month to the bank concerned.  By using a credit card, the bank will facilitate you to have flexible time in transactions because it can be done online.  The thing you have to remember is that using a credit card means that you have agreed to the terms that have been given by the bank.  What is a credit card and what are the benefits?  Check out a more complete explanation below!


 Using Credit Cards Wisely


 Sometimes when you decide to use a credit card, you will subconsciously over-transact.  For that, before you make a credit card, it's a good idea to really choose what type of credit card suits your needs.


1. Limit Amount of Credit Card Limit Limit

 What is a credit card like if you don't limit its use?  Before you make a credit card, it's a good idea to know what kind of credit card you will use and determine the credit card limit according to your needs.  Because the higher the limit given, the higher the installments you have to pay at the end or beginning of each month.  This will burden you considering the basic needs that you must fulfill, but there are installments from a credit card.


2. Minimize In Making Cash Withdrawals

 Most credit cards are now able to make cash withdrawals and often someone takes advantage of this one feature excessively.  The thing you have to remember is, when you make a cash withdrawal transaction using a credit card, an interest fee of 3.5% - 4% will be charged for each cash withdrawal transaction.  Each bank has different regulations regarding the interest fees charged to customers every time they make cash withdrawal transactions.


3. Use Credit Card If Needed

 What a credit card looks like in everyday life is determined by you alone.  When you decide to use a credit card, use it wisely.  Use a credit card when it's urgent and only when it's really needed.  This is done to avoid the many installments that you have to pay at the end or every month to the bank.


 To get around this, it's a good idea to make your monthly list in detail so that you know your basic needs.  So if there is something very urgent but you need it, you can use a credit card.  Don't forget to pay your credit card bill on time to avoid doubling the interest.  Therefore, it is very important to find out what a credit card is like and the requirements at various banks.

 What are the advantages of a credit card for its users?  The advantages of credit cards are basically different for each bank.  Each bank offers different benefits, but in general what a credit card looks like in terms of benefits is, you will get a discount when you buy certain products and earn points.  If you use a credit card from CIMB Niaga, you will get the benefits and convenience of the features provided by CIMB Niaga.  What is a CIMB Niaga credit card like?  Check out the description of the features below!


CIMB Niaga Credit Card Features


1. Free Annual Fee

 What is a Cimb Niaga credit card and what are the benefits?  Usually when you find out what a credit card is and then try to apply for a credit card and decide to use a credit card, you will be charged an annual fee which is a credit card fee that is paid annually.  The amount of this fee depends on the type of card you use and the conditions of the bank where you apply for a credit card.  Meanwhile, if you submit a credit card application and use a credit card from CIMB Niaga, you will be exempt from this annual fee.  For example, for the CIMB Niaga Mastercard Platinum credit card, which provides free annual fees forever.

 For certain credit cards such as MasterCard Platinum, Gold, Classic and Wave n Go Credit Cards, both Main Card and Supplementary Cards, you will get free annual fees as long as you are a Cardholder, while JCB Precious Credit Cards, Visa Platinum, and LeAccor Platinum will get free fees.  in the first year for the Main Card and free annual fees for as long as a card holder for the Supplementary Card.


2. Fixed Installment Facility

 What kind of facilities does a CIMB Niaga credit card provide, if you try to apply for a credit card at CIMB Niaga, the installments provided are fixed installments with low interest in installments of 3, 6, and 12 months.  Of course with the terms and conditions that apply.


3. Earn Points Xtra

 Not only during cash transactions, if you submit a credit card application and use a credit card from CIMB Niaga you will also get rewards points or Poin Xtra when you transact using a credit card.  Later you can collect these points and then exchange them for discount vouchers, cashback, and others.

 What does a CIMB Niaga credit card look like in giving points?  Every retail transaction in multiples of IDR 5,000 (five thousand rupiah) will get 1 (one) Poin Xtra, except for cash advance transactions, balance transfers, cash plus, cashback, catalogs, installments, payment of membership / membership fees and payments  installments.

 Especially for Premium Credit Cards, every retail transaction in multiples of IDR 5,000 (five thousand rupiah) will get:


  •  9 (nine) Poin Xtra valid for CIMB Niaga Ultimate Credit Card

  •  2 (two) Poin Xtra valid for CIMB Niaga World Credit Card

  •  1 (one) Poin Xtra is valid for CIMB Niaga Infinite Preferred Credit Card


4. Quick Pay

 What does a CIMB Niaga credit card look like in providing convenience?  In this case, the convenience that you can get by submitting another CIMB Niaga credit card application, namely, paying monthly bills such as electricity, telephone, cellphone, cable TV to internet in one credit card bill.  You simply remember the due date of your credit card bill without worrying about missing monthly bills.


5. Cash Withdrawal Transactions

 What kind of facility is a credit card at CIMB Niaga next, you can also make cash withdrawal transactions at ATM machines and other banks bearing the MasterCard/Cirrus/VISA/Plus/JCB logo worldwide.  This facility is the right solution for you when you are unable to make cash withdrawals through your savings account/current account.


6. AUTOPAY

 What is a CIMB Niaga credit card with the OTOPAY feature like?  By submitting a credit card application and using a credit card from CIMB Niaga, you will also be given the convenience of paying credit card bills automatically through your savings account/current account at CIMB Niaga where you are given the flexibility to determine the amount of credit card payments each month by  10% debit option for minimum payment or 100% for full payment.

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