A credit card is a card-based payment tool, like a debit card. Credit cards are issued by providers, mostly banks, that are approved by Bank Indonesia. To apply for a credit card, you have to fill in registration form and provide required documents.
Transactions billed to a credit card can be considered short-term loans granted by the bank. The bank or credit card provider will send you a credit card statement every month, and you have to pay the bill in installments or as a whole. Unless you pay the bill in full amount, banks will charge monthly interest for the outstanding unpaid amount.
Having a credit card can also help improve your chances of getting a loan, such as a home loan or a car loan, if you apply for them in the future. If you?re in the habit of paying off your credit card bill on time, all your credit card activities will be recorded in Bank Indonesia Debtor Information System and you?ll be tagged as a responsible debtor. This would increase your chances of getting approved for a loan or credit card.
As a credit card holder, you can also enjoy seasonal promotions and discounts offered by merchants, such as boutiques and restaurants.
Credit card bill payments can be done through tellers at the bank of your card issuer, ATMs, Internet banking, and mobile banking facilities as provided by the bank.
Tell us what you need
Compare your options
Choose the product that suits your needs
HaloMoney.co.id is your go-to website for finding credit cards and personal loans in Indonesia. Use our comparison tools to get unbiased, up-to-date information on personal finance products.