Usage of Credit Card Affects You

Most people (including me) like using credit card because one can pay later (upon payment due) and you get to collect reward points for gift redemption later. As long as one makes payment promptly before the due date, no issue whatsoever.

However, it's a different story now! Be very careful with your credit card spending, as it will affect your credit eligibility when applying for a loan! All spending is now linked real-time (or almost real-time) to CCRIS and they will appear as OUTSTANDING in your CCRIS report even though the amount is not due for payment yet! Most banks have implemented this already. In the past only late (overdue) payment appeared as outstanding.

In other words, as and when you buy anything with your credit card, it will appear as amount outstanding in your credit report and will therefore become part of your commitment as well.

Personally i don't think this is fair but Bank Negara obviously think otherwise, in order to clamp down on credit card debts.