Credit Card Interest Bearing Pun Sirna

Your credit card holders? If the answer is yes, whether you are a disciplined credit card holder to pay the bill? How much of your credit limit compared to your income?

The questions can lead to health conditions of use of your credit card. Imagine someone with income of Rp 10 million per month can have 12 credit cards with outstanding bills total $ 500 million. Mistakes in using credit cards can lead to personal financial future is bleak.

For that, people need to be "protected" for the good of society itself. Protection of clients or customers is an important point in developing the credit card industry, as one means of payment using the card.

Based on data from Bank Indonesia (BI) per November 2011, there were 14.594 million credit cards circulating in Indonesia, published 20 banks. Credit Card Issuer Association of Indonesia said, there are about 7 million credit card holders in Indonesia. A total of 190.634 million transactions with a value of Rp 165.599 billion. About 90 percent of the transactions in Indonesia.

Efforts to protect consumers become one of the basic BI issued a regulation in BI (PBI) Number 14/2/PBI/2012, as an amendment to PBI No. 11/11/PBI/2009 Concerning Payment Card Tool.

Protection by way of "filtering" of society that could have a credit card, the following ceiling or the credit limit and card number. Circular Letter (SE)-to set more detailed PBI-to be published later, someone new may have a credit card after 21 years of age or married. For additional cards, at least 17 years old, or married.

Those who have incomes of less than Rp 3 million per month or USD 36 million per year do not expect to have a credit card. Someone who has a credit limit of Rp 3 million in revenue to Rp 10 million per month or USD 36 million and Rp 120 million per year for three times the income per month.

Card number is also limited, as many of the two publishers, to the income of Rp 3 million to Rp 10 million per month. Well, for those who earn more than Rp 10 million per month, the maximum number of cards and the maximum credit limit is determined based on risk analysis by the card issuer.

About interest rates, the central bank also set a maximum limit. Although not yet officially established in the SE, BI gives approximate about 3 percent per month for shopping interest rates. Scale is correlated with the minimum interest payment of bills per month, ie 10 percent of the total bill.

The credit card holder must know that the bill is not paid in full will be charged interest. The difference is, this new regulation clearly prohibits the imposition of interest on fees, penalties, and interest owed. Interest is only charged on unpaid principal of the transaction that has not paid its bills. That is, there is no longer the term "compound interest" to the credit card arrears.

BI is the use of debt collection opportunities. However, there are signs that quite clear to the bank as a third-party users, among them are not making threats and violence and not to charge to a person other than the cardholder. To be sure, the billing for the bad loans should only be carried out at 08:00 to 20:00.

However, all the safeguards that will be wasted if the customer still considers credit cards as additional funds. Remember, every credit card transaction is a debt to be paid!