We are talking about that 2.5-inch plastic card in your wallets, you pervs.
According to a recent study, more and more Malaysian women are using their credit cards to pay for stuff this year.
In fact, United Overseas Bank (Malaysia) Bhd said in a statement cited by the Bernama
on Monday that credit card usage among Malaysian women increased by a whopping 129 per cent
over the last five years.
Credit card usage among men during the same period only grew 71 per cent.
According to UOB Malaysia's Managing Director Ronnie Lim, the increase of credit card usage among women could be attributed to their greater earning capacity, as well as an increase in their disposable income.
Lim said in the statement that Malaysian women used their credit cards on basic necessities such as insurance, utilities, groceries and of course, travel and online shopping as well.
In fact, the stats revealed that credit card usage on travel and shopping grew tremendously in a span of five years: Malaysian women spent 28 per cent more on travel and 13 per cent more on shopping compared to 2015.
Malaysian men weren't far behind, as they reportedly spent 14 per cent more on travel and five per cent more on shopping compared to two years ago.
Here's the thing, though; getting a credit card doesn't mean that you now have greater spending power.
In 2016, it was reported that 1,022 credit card holders in Malaysia have declared bankruptcy
for failing to pay their debts.
So, remember to use your credit cards wisely, 'kay?