Bring along lots of money when shopping is very risky as money will be stolen or lost. However, shopping with credit card do not seems to be perfect. In 22 June 2008, it is reported in The Star that more than 6000 credit card holders declared bankrupt. One of the reason is they "swap" their credit card without control until over limit.
Heard about pre-paid cash card before?
It functions like a credit card and enable users to purchase something with a card instead of cash. However, there is a big different between credit card and pre-paid cash card. Prepaid cash card allows the users to spend only the amount preloaded and no overdraft is allowed. With this special feature, it can prevent the card holders run into debt.
In Hong Kong, there is a card called "octopus card" or more commonly known as "Baat Daaht Tùng, 八達通". It is a pre-paid cash card launched since 1997. Users need to preload an amount in order to use the "octopus card" to make payment. Hongkies can use the card to make many kinds of payment. "Octopus card" can be used for transport payment, shopping, and parking. Besides, users can also use it to make payment at fast-food restaurant. With "octopus card", there is impossible for users go overdraft
as they can only spend the amount preloaded.
In Malaysia, many of us use "Touch 'n Go" to pay for toll and parking in shopping mall. We also use it when travel by public transport such as Rapid KL and KTM Komuter. "Touch 'n Go" also considered as a type of pre-paid cash card as we need to preload money into the card before we can actually use the card to perform transactions.
In conclusion, instead of taking high risk of bringing lots money when shopping and having a high possibility to go bankrupt with credit card, pre-paid cash card is highly recommended. Some of the banks in Malaysia are offering pre-paid cash card such as "Impian Unembossed MasterCard" introduced by Eon Bank Group.
Heard about pre-paid cash card before?
It functions like a credit card and enable users to purchase something with a card instead of cash. However, there is a big different between credit card and pre-paid cash card. Prepaid cash card allows the users to spend only the amount preloaded and no overdraft is allowed. With this special feature, it can prevent the card holders run into debt.
In Hong Kong, there is a card called "octopus card" or more commonly known as "Baat Daaht Tùng, 八達通". It is a pre-paid cash card launched since 1997. Users need to preload an amount in order to use the "octopus card" to make payment. Hongkies can use the card to make many kinds of payment. "Octopus card" can be used for transport payment, shopping, and parking. Besides, users can also use it to make payment at fast-food restaurant. With "octopus card", there is impossible for users go overdraftas they can only spend the amount preloaded.
In Malaysia, many of us use "Touch 'n Go" to pay for toll and parking in shopping mall. We also use it when travel by public transport such as Rapid KL and KTM Komuter. "Touch 'n Go" also considered as a type of pre-paid cash card as we need to preload money into the card before we can actually use the card to perform transactions.
In conclusion, instead of taking high risk of bringing lots money when shopping and having a high possibility to go bankrupt with credit card, pre-paid cash card is highly recommended. Some of the banks in Malaysia are offering pre-paid cash card such as "Impian Unembossed MasterCard" introduced by Eon Bank Group.
2 comments:
yes yes..i'm agree..good idea..
ya.. is good....but ..girls...dont get addicted in shopping...with credit card...haha...got debts to pay...hehe
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