First, interest fee. Providers will only charge interest if you do not pay your bill in full.
Second, annual fee. This fee is charged for maintenances and services provided by the providers. However, some banks waive this fee in the first year to attract potential customers.
Third, withdrawal fee. You can use your credit card to withdraw cash from ATM, but you will be charged around 3-6% from amount you withdraw or Rp 50.000 (depends on which one is highest)
Fourth, late payment charge. If you fail to pay the minimum repayment amount of 10% before the payment deadline, the bank will charge you for making late payments. Late payment fee are typically charged around Rp. 100,000,- however this amount may varies for each bank.
Fifth, credit card bill printing fee. Providers will charge you a printing fee for printing your credit card bill. However, you can ask providers to send it paperless via E-mail if you are more comfortable with electronic bills.
Sixth, stamp duty fee. If you are making a purchase from Rp 250.000 to Rp 1.000.000, the bank will charge you Rp 3.000 for stamp duty, and Rp 6.000 if you are making purchases above Rp 1.000.000.
Every credit card has a ceiling ? a limit on the amount transactions charged on it. The ceiling depends on various things, including type of credit card you apply for, annual salary, and historical information from previous card usage. Banks usually grant a credit limit of 1-2 times your monthly income, but this is dependent on credit card issuers, and can be more or less than what you expect.
Based on Bank Indonesia regulations, credit card applicants must be at least 21 years old and earn a minimum of Rp 3,000,000 (three million rupiahs) per month. You are suggested to get a credit card once you have steady income. You need to be smart in using the card. Do not treat the availability of a credit card as a chance to buy anything you want without strong financial capability.
Whenever you spend money using your credit card, a cashback card will return a percentage of your spending at the end of the month?thus, known as the ?cashback? feature. The more you spend within your billing cycle, the bigger the cashback you receive.
This cashback is either directly credited to your account as a rebate, or come in the form of cash vouchers you can claim from the bank. The amount of cashback you receive depends on your credit card provider. Some offer 2% cash back, and others offer up to 5% cashback on specific purchases, such as petrol or groceries.
Much like other rewards cards, dining cards reward you with points every time you use your credit card to pay for goods and services. Points can be doubled when you use your credit card to dine at a specific restaurant or a group of restaurants partnered with your credit card provider. The more you spend, the more points you earn, and the more dining rewards, discounts, and promotions you?ll be eligible for! Just use your credit card when you go out to shop and watch your dining points rack up for a free meal or two!
Take advantage of your dining rewards card by signing up for one that has a welcome or sign-up bonus! You can get more rewards points, promos, and discounts, and all you have to do is spend a minimum amount in the first few months upon receiving your credit card.
It's easy: Just use your credit card to automatically pay for your bills and other regular household expenses, such as groceries, the rent, and so forth. Use your dining credit card when you eat out with your friends or family and rack in the points. With enough dining rewards points, you can even use it for a dinner for two at a fancy restaurant!
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