{"id":844,"date":"2012-07-15T11:46:04","date_gmt":"2012-07-15T03:46:04","guid":{"rendered":"http:\/\/www.imoney.my\/?p=844"},"modified":"2014-07-18T16:46:28","modified_gmt":"2014-07-18T08:46:28","slug":"3-important-questions-to-ask-before-you-apply-for-your-first-credit-card","status":"publish","type":"post","link":"https:\/\/www.imoney.my\/articles\/3-important-questions-to-ask-before-you-apply-for-your-first-credit-card","title":{"rendered":"3 Important Questions Before You Apply For Your First Credit Card"},"content":{"rendered":"<p style=\"text-align: center;\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-4416 aligncenter\" alt=\"Always ask yourself \u2013 what is the purpose of having a credit card?\" src=\"\/articles\/wp-content\/uploads\/2012\/07\/shutterstock_100069028.jpg\" width=\"380\" height=\"428\" \/><\/p>\n<p>The thought of owning a credit card is often cool as it allows you to spend money that you don\u2019t have yet. What\u2019s better than that?<\/p>\n<p>But before you get your hands on one of these cool plastics, it\u2019s important to ask yourself these few questions, particularly if you don\u2019t want to end up being in debt for the rest of your life!<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why-do-you-need-one\"><\/span><strong>Why do you need one?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Always ask yourself what is the purpose of having a credit card. \u201cBecause it\u2019s cool\u201d and \u201cI can buy anything I want\u201d are never good reasons to apply for one. Only get one if it really benefits you.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Are-you-aware-of-the-charges-that-you-may-incur\"><\/span><strong>Are you aware of the charges that you may incur?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>People always think they will pay their bills on time. Never assume that! What if you miss a payment? How much extra in fees will you end up paying?<\/p>\n<p>Which is why it is important to always compare interest rates, penalty charges, annual fees and other charges for different cards. Most of these information are available online (or you can refer to our <a href=\"\/credit-card\/\" target=\"_blank\">credit card comparison table<\/a>)<\/p>\n<h2><span class=\"ez-toc-section\" id=\"How-well-do-you-manage-your-personal-finances\"><\/span><strong>How well do you manage your personal finances?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Are you disciplined enough to keep track of your spending? Are you the type of people who pay bills on time? Can you cut back on your spending if you need to?<\/p>\n<p>If your answer is \u2018no\u2019 to any of the above questions, then perhaps getting a credit card isn\u2019t a good idea. Having one requires you to manage your finances well.<\/p>\n<p>&nbsp;<\/p>\n<h3><span class=\"ez-toc-section\" id=\"To-learn-more-about-how-to-manage-your-card-usage-check-out-our-tips-on-managing-your-credit-card-usage\"><\/span><strong>To learn more about how to manage your card usage, check out our\u00a0<a href=\"\/articles\/tips-on-managing-your-credit-card-usage\/\" target=\"_blank\">tips on managing your credit card usage<\/a>.<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n","protected":false},"excerpt":{"rendered":"<p>The thought of owning a credit card is often cool as it allows you to spend money that you don\u2019t have yet. What\u2019s better than that? But before you get your hands on one of these cool plastics, it\u2019s important to ask yourself these few questions, particularly if you don\u2019t want to end up being&#8230; <a class=\"view-article\" href=\"https:\/\/www.imoney.my\/articles\/3-important-questions-to-ask-before-you-apply-for-your-first-credit-card\">View Article<\/a><\/p>\n","protected":false},"author":1,"featured_media":2542,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[11],"tags":[],"class_list":["post-844","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cards"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>3 Questions Before You Apply For A Credit Card<\/title>\n<meta name=\"description\" content=\"iMoney offers some important questions you need to ask yourself prior 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