Saturday, December 10, 2011

'Tis The Season to be Charging

... and I'm not, shopping and charging it to my credit card, that is.

You see, for the longest time, I have only been using a complementary credit card. But when I lost it, I started using the BDO credit card issued me (just because I opened a dollar account at BDO). It's the first time I am being billed for credit purchases and still getting the hang of it.

Like, when is the cutoff for purchases if I am planning my credit according to expected cash flow?

And I was waiting for the billing for this month, having forgotten that I seemed to have said yes to their offer of online billing. Thus, I have just incurred interest charges on unpaid balance. Hehe. What a painful way to learn.

I have also been intending to look into what rewards I can get and how, or where, when I use my credit card. Some banks offer free movie tickets, some offer free fast food. I just hope I can really maximize my charges and still get perks like those offered by cashmoneylife Best Business Credit Cards, definitely more enticing and useful than free pizza.

I was planning on charging anything and everything I can to avail of rewards points and establish my credit standing, but still pay off all charges when they're due so as not to incur interest charges. Hopefully, such will be the case in the coming months.

At least, within a month of using my credit card, I have already asked for my annual fee to be waived. Hubs has been paying annual fees for both our cards for 7 years now... that's around P20-30k we could have used shopping! :)

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