Credit Card use is almost equal to death.  Grrrr…  Sure, the 3.5% interest rate they give you sounds like a measly amount.  But your savings acount only gets you 1% PER YEAR.  That means your debt increases 42% per year while your savings only 1% per year.  Huh!  Priceless?  YES!!!  Priceless because it’s too much!

Many Filipinos think owning a credit card equals a good social status.  Hah!   Think again…  You should see the smug looks on their faces when some of them line up in stores to pay on credit (lookie, i’ve got a credit card and you have to pay in cash)  Weird…  Strange but true. 

Some of the credit card companies are so thankful you are helping them earn loads just by sitting on your ass and not paying on time.  Great.  At least they thank me.  But what really bugs me off are those credit card companies that harrass you just because you missed one month (like Standard Charter).  I had this one rep call me and tell me, “Hay nako, Miss, problema mo na yun.  Ikaw yung gumamit ng credit card kaya maghanap ka na ng kautang ngayon din.  Dapat hindi kayo gumamit ng credit card kung hindi nyo kayang bayaran.”  (translation:  It’s not my problem if you can’t pay.  If you have to find a loan shark, go!  Just make sure you pay.  You should have thought about it before you used the card.)  Big fat F*g!!!!  They should be thanking me for helping them earn more income effortlessly.  I mean, I have more debt on my other credit card, but they sure as hell are gracious about the money they are stealing from me.  Standard sucks.  Their reps suck.  I even had one rep call me to tell me I should add P60 to the payment I made.   Oh well.  He was just doing his job.  Anyhow, let me go back to my point.  Credit card use equals death!!!

For those who really wanna try though, some tips:  Pay for the purchase within 20 days so you don’t need to pay for the interest, never bring it with you wherever and whenever, have you spouse hold on to it for security purposes.  Hahaha….  I hate credit cards when it comes to collection time.  But they are a big help when it comes to emergencies like the threat of imminent death.  Bwahahahahaha….  DARN those credit card salesmen!!!