I’ll be getting my first ever credit card from Public Bank

Due to my being an investor with Public Mutual, I was offered by Public Bank to apply for a credit card. I see some good in owning a credit, so I decided to do so. Read here.

My application has been approved and as of now, I’m waiting for it to arrive.

This will be the first time ever for me to be a Principal Credit Card holder.

I guess, I have just passed another hurdle of establishing my credit rating and one step closer to achieving financial freedom.

However, I need to remind myself that a great deal of responsibility comes with a credit card. That little plastic thing has the power to destroy one’s life. Getting into mountains of debt by way of credit card is like a cyanide pill to your journey towards financial freedom.

I reckon, a couple of simple rules should be put to place.

RULE 1: Leave the credit card at home. Don’t put it in my wallet. Only use it occassionally. Perhaps putting it in a container of water and freeze it in the freezer? (A suggestion from a personal finance book)

RULE 2: Never ever use the credit card if I bloody well know I won’t be able to pay off the full amount when the statement arrives.

Anyway, for those of you out there, do share your experience of owning your first set of credit cards in the comments section below.


Disclaimer: This article is not a specific nor general advice on managing or investing your money. This article does not constitute a recommendation nor does it take into account your investment objectives, financial situation nor particular needs.

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About nadlique

This blog is about the journey of a 28-year-old Malaysian towards financial freedom. This blog was started back when the blogger was 21 years old. However, his journey towards financial freedom had begun way before that. Materials such as investing, business, entrepreneurship, equities, and real estate are presented. The author also posts his thoughts and observations on life in general.


  1. Nadlique,
    sorry to say, but your rules to me means = ditch ur credit card (CC) ;p

    I applied CC just for the sake of standby for wife delivery, in 2004. Since that, my total kredit (point of using CC, 1point = RM1) is 50k. So its around RM10k per year for CC usage 🙂

    Now the CC is for paying car maintenance, grocery n anything that i can pay with it. But the trick (or MANDATORY RULE) is, clear the CC before the next 20 days. I dont like bring to much cash, dompet tebal tak selesa la.


    • You probably need to read this entry as well >> http://www.nadlique.com/2009/05/15/why-do-i-need-a-credit-card/

      In that entry I explain why I need credit cards and why it is important for me.

      Indeed, I believe that for those who are not strong in their money management department, to ditch their credit card.

      Rule 1 refers to the idea of only using it when it is absolutely necessary. If it’s not necessary, then I shouldn’t use it.

      Rule 2 refers to my ability of payment. If I don’t have any money for that month, then I shouldn’t spend and put the burden on my credit card.


  1. […] I said in a previous post , it comes with great responsibility to have a credit […]

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