All Articles With Category : Credit Card

The latest and the best financial news, tips and tricks.

Best Balance Transfer Credit Cards in the Philippines to Help You Save Money

Are your credit card payments becoming too much of a burden? If you’re paying high interest on your balance every month, it’s time to shop for balance transfer credit cards in the Philippines. Doing so prevents worst-case scenarios like accumulating huge credit card debt. Manage your credit card payments better through balance transfer. Don’t know what a balance transfer credit card is? Get started with this guide. Table of ContentsWhat are Balance Transfer Credit Cards?How Do Balance Transfer Credit Cards Work?Is Getting a Balance Transfer Credit Card a Good Idea?How to Choose the Best Balance Transfer Credit Card1. Compare Balance Transfer Features and Fees2. Compute and Compare Monthly AmortizationsBest Balance Transfer Credit Cards in the PhilippinesRCBC Bankard Flex VisaCiti Simplicity+Metrobank M Lite MastercardBank of Commerce Platinum MastercardChina Bank Freedom MastercardBPI Edge MastercardSecurity Bank Classic MastercardHow to Transfer Credit Card Balance1. Get a New Credit Card2. Apply for Balance Transfer3. Wait For Balance Transfer ApprovalFinal Thoughts What are Balance Transfer Credit Cards? A balance transfer credit card is a low-interest card where you can move the amount you owe on your other high-interest cards. Because of the lower interest rate, most of your payments will go toward your principal balance instead of the interest charges. This helps you save money on interest payments and pay off your debt faster. This type of credit card also simplifies your payments by consolidating your balances on other cards into one monthly payment and due date. How Do Balance Transfer Credit Cards Work? When you’re approved for a credit card balance transfer, your new card…

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Metrobank Credit Card Application: A Beginner’s Guide

Looking for your next credit card? Whether you’re a rookie or a veteran cardholder, Metrobank’s diverse roster of credit cards will surely excite you in more ways than one. Want to try your luck? All you have to do is follow this Metrobank credit card application guide and you’re all set. Table of ContentsMetrobank Credit Card Application Steps1. Check If You’re Eligible for a Metrobank Credit Card2. Prepare the Metrobank Credit Card Requirements3. Pick the Right Credit Card for You4. Proceed to the Metrobank Credit Card Online ApplicationHow to Check Your Metrobank Credit Card Application Status OnlineFinal Thoughts Metrobank Credit Card Application Steps 1. Check If You’re Eligible for a Metrobank Credit Card Just like with other credit card providers out there, you should check if you’re eligible for a Metrobank credit card. Here are the following criteria you should be able to meet: At least 18 to 70 years old Filipino or foreigner with local residence Must be employed for at least 6 months Must be at least 2 years in business for self-employed 2. Prepare the Metrobank Credit Card Requirements If you’re eligible, you can now start your Metrobank credit card application journey. The next thing you should do is compile all the necessary requirements and make sure all are accounted for before sending your application. You need to have one or two of the following valid IDs: Driver’s license UMID or SSS ID Passport PRC ID TIN ID Read more: 8 Credit Cards with Easy Application Requirements If you are employed, prepare any of the following: Latest…

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6 Strategies to Manage and Quickly Pay Off Your Credit Card Debt

A credit card can be a two-edged sword. Use it properly, and you’ll surely enjoy its convenience and the exclusive incentives that come with wise spending. Overuse it, and the debts that you ignore will come back to bite you. Paying off credit card debt should be second nature to you—very much like how you settle your monthly electric bills or home mortgage. But even the most responsible credit card user will struggle with their balances, especially during this pandemic when people can’t go to work or they’re compelled to accept reduced salaries. Regardless, you’ll find a way out if you know how to pay off credit card debts. We’ve come up with a list of ways that may help you pay your credit card debt much more easily. Remember, though, that what has worked for others may not work for you, so you must analyze your situation thoroughly. Table of ContentsWhy You Should Pay Off Your Credit Card Debt QuicklyDeal with Less InterestImprove Your Credit ScoreIncrease Your SavingsUse Your Money Without Feeling GuiltyReduce Your Bills to Pay How to Pay Off Credit Card Debts1. Debt Snowball Method2. Debt Avalanche Method3. Debt Consolidation Loan4. Balance Conversion5. Balance Transfer6. Credit Card Amnesty ProgramHow to Avoid Credit Card Debt1. Don’t Miss Your Credit Card Payments2. Set a Personal Maximum Balance3. Use Credit Card Cash Advance Only When Necessary4. Remember That Your Card is Not an ExtensionFinal Thoughts Why You Should Pay Off Your Credit Card Debt Quickly Financial freedom is the ultimate benefit of successfully dealing with your credit card debt. But if…

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5 Easy Ways to Check Your Credit Card Balance

A credit card makes spending a whole lot easier–from your everyday purchases to lifestyle pursuits. It’s even much safer, as you don’t have to bring wads of cash with you whenever you go out. But keep in mind that your credit also runs out unless you pay your credit card debts immediately. As a responsible credit card user, you should know how the balance of your card works and how to check credit card balance, billing statements, and transaction history. Table of ContentsWhat is a Credit Card Balance? How Can I Check My Credit Card Balance? 1. Online Banking2. Mobile Banking App3. eStatement via Email4. Text Message5. Phone BankingFinal Thoughts What is a Credit Card Balance? A credit card balance is the total amount of money that you owe to the bank that issued your card. The balance gets higher each time you spend using your credit card. So it follows that when you pay your credit card provider, the balance also decreases. How Can I Check My Credit Card Balance? Checking your credit card balance not only lets you know how much you owe to the bank. It also allows you to detect any unauthorized transaction and discrepancy, so you can report it and file a dispute with the bank. Usually, the bank sends printed statements of account every month. But if you’re asking how to check credit card balance much more easily, we’ve listed five paperless ways to consider. Here are the step-by-step instructions to access your credit card balance if you have a credit card with AUB,…

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9 Useful Features Your Credit Card Should Have

You’ve reached the point in your life when you’ve finally recognized the importance of having a credit card. Congratulations! Now it’s time to determine which credit card to choose. If you’re still undecided, a good way to start is to prepare a wishlist for the perfect credit card. To help you out, here is a list of useful credit card features you should expect from your card. Table of Contents9 Useful Credit Card Features to HaveEMV ChipOne-Time PasswordContactless PaymentVirtual CardInstallment PlansDual Currency BillingAutocharge FacilitySMS InquiryResponsive AppFinal Thoughts 9 Useful Credit Card Features to Have EMV Chip Fortunately, your credit card is guaranteed to have the Europay, Mastercard, and Visa (EMV) chip technology embedded in it after all banks deactivated all non-EMV cards in 2019[1]. So what’s so special about the EMV chip? Compared to magnetic stripe technology, EMV chips have become the global standard for securing payment transactions.  If you check the anatomy of a credit card, you will see the chip embedded in its face. This is where your personal information is stored. Once the EMV card is used in an EMV-enabled terminal, the chip generates a One-Time Password (OTP) to verify the transaction. This prevents various card-related fraudulent activities like ATM skimming and counterfeiting.   One-Time Password Speaking of OTPs, this is one of the most useful credit card features out there. Aside from verifying payments, OTPs can also be used to verify fund transfers, online banking app logins, and personal information updates, among others. Your OTP will be sent to your mobile number so be sure your information…

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Grow Your Venture with the Best Credit Cards for Business

For entrepreneurs, credit cards for business is not just an option but rather a necessity. Whether you’re a freelancer, online seller, or solopreneur with several employees, there’s a card that best meets your needs for managing your business finances. Here’s everything to know about business credit cards in the Philippines and how to find the perfect card for your venture. Table of ContentsWhy Get a Credit Card for Business?How to Choose the Best Credit Card for BusinessLook for Business-Friendly FeaturesGet a Credit Card with High Credit LimitBest Credit Cards for Business in the PhilippinesMetrobank Rewards Plus VisaCiti Cash Back VisaHSBC Red MastercardAUB Gold MastercardSecurity Bank Gold Rewards MastercardUnionBank Lazada MastercardUnionBank Corporate VisaBPI Corporate MastercardHow to Apply for Credit Card for BusinessBasic Requirements to Apply for a Credit Card for BusinessCredit Card Application Process for BusinessesFinal Thoughts Why Get a Credit Card for Business? Having a business credit card allows you to conveniently pay for various costs—like equipment purchase, accounts payable, and more—without using cash or issuing a check. When you need to pay with cash, you can use a card as a source of credit instead of getting a loan. Access to cash is faster with a credit card than a business loan. Also, you get to borrow only what you need when you use a credit card specifically for business. The best advantage of credit cards for business is how it makes tax preparation and filing more convenient. With a dedicated credit card, you can keep your personal and business expenses separate. It’s easier to compute your income tax…

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Quick and Easy RCBC Credit Card Application Guide

Whether you’re looking for a credit card with a higher credit limit, non-expiring rewards points, or exclusive shopping, dining, and travel privileges, RCBC offers various options to suit your lifestyle and budget. Find out about the RCBC credit card application process and learn which card is right for you in this guide.  Table of ContentsRCBC Credit Card Online Application Steps1. Check Your RCBC Credit Card Eligibility 2. Prepare the RCBC Credit Card Requirements 3. Pick the Right RCBC Credit Card for You 4. Proceed to Your RCBC Credit Card Online Application 5. Verify and Upload Your Requirements How to Apply for an RCBC Credit Card at the Nearest Branch How to Check Your RCBC Credit Card Application Status Final Thoughts RCBC Credit Card Online Application Steps 1. Check Your RCBC Credit Card Eligibility  RCBC principal cardholders should be 21 to 65 years old while supplementary cardholders should be 13 to 65 years old. Having a mobile number and a work landline is also required for an RCBC credit card application.     Should You Get a Supplementary Credit Card or Your Own Credit Card? Can Your Kids Handle a Supplementary Credit Card? 2. Prepare the RCBC Credit Card Requirements  If you’re employed, here are the documents you need to prepare:  Fully accomplished application form  1 valid photo-bearing ID with signature  Proof of income Latest payslip that shows your monthly salary  Original Certificate of Employment (not more than 6 months old, stating annual income and signed by an authorized Human Resources signatory) W2 with BIR or Bank Stamp or Income Tax Return (ITR) For self-employed credit card applicants, here are…

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11 Best Credit Cards for Different Types of Women in the Philippines

Women are nurturing by nature. We usually prioritize the needs of others—children, parents, partners, etc.—over our own. But have you ever considered your own needs? This is an especially important factor when shopping for credit cards for women. Do you love shopping, traveling, or pampering yourself to de-stress? Don’t feel guilty about it! There’s no wrong in that, as long as you don’t overspend. Using a credit card that lets you save money while enjoying good things in life is also a must. Take a look at these top credit cards for women—one of these cards may just fit you right. Table of ContentsBest Credit Cards for Women in 2021For the Practical Tita: Citi Cash Back CardFor the Mom on a Budget: AUB Classic MastercardFor the Online Shopaholic: UnionBank Lazada For the Frequent Shopper: HSBC Red MastercardFor the Health-Conscious Woman: Mercury Drug Citi CardFor the Female Entrepreneur: Citi Rewards CardFor the Foodie: HSBC Gold Visa Cash BackFor the Free-Spirited Millennial: RCBC Bankard Flex VisaFor the Pampering Enthusiast: Metrobank Femme VisaFor the Solo Female Traveler: UnionBank Miles+ Platinum VisaFor the Lady Boss: Citi Prestige CardFinal Thoughts Best Credit Cards for Women in 2021 For the Practical Tita: Citi Cash Back Card Cashback credit cards for women help cardholders get the most out of their purchases. Citibank’s Cash Back credit card offers one of the highest rebate rates among cashback credit cards in the Philippines. Cardholders accumulate non-expiring rebates and can save as much as PHP 12,000 every year. 📌 Citi Cash Back Features Up to 6% cash back on supermarket purchases Up to…

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Get Your Grub On with these Credit Card Dining Promos for 2021

Your credit card experience just won’t be complete without availing a credit card dining promo every once in a while. That’s why you should always keep your ears on the ground for the latest offerings from your credit card provider. To make the process easier for you, here are the best dining promos you can enjoy in 2021. Table of ContentsCredit Card Dining Promo Offers from CitibankUp to 50% off at Alba Restaurante Español10% off on Fridays to Sundays at Foodpanda2 Yellow Cab Pizzas for Only P449Credit Card Dining Promo Offers from HSBC15% Off at Sunae Asian CantinaFree Bacon Cheeseburger at BurgooFree White Fish with Mango Salsa at GumboCredit Card Dining Promo Offers from Metrobank20% Off at Tori Ichi Yakitori & BarCredit Card Dining Promo Offers from RCBC25% Off at Chi Em Gai25% off at The Beer Factory25% Off at Cold Layers CaféCredit Card Dining Promo Offers from Security BankFree Crispy Pork Belly at Bistro CharlemagnePHP 300 Off at CakeRushCredit Card Dining Promo Offers from UnionBank25% Off at Chubs Chasers15% Off at Ketos of Manila10% Off at Brothers BurgersFinal Thoughts Credit Card Dining Promo Offers from Citibank Up to 50% off at Alba Restaurante Español Eligible cards: All Citibank credit cardsPromo period: February 1, 2021 to July 30, 2021 Looking to save money on your next dine out? Grab your Citibank credit card and head down to Alba Restaurante Español[1] today. Get 50% off on dine-in transactions at the Prism Plaza branch with a minimum purchase of PHP 2,000. You can also get 15% off at Estancia, Makati, Morato, and Westgate branches…

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Got Multiple Credit Cards? Here’s How to Manage Them Well

Sometimes, the most powerful and useful thing you can have is that tiny plastic card tucked in your wallet—your credit card. Easy online transactions, buying plane tickets, earning discounts, rewards, and cashback, and the ability to pay for big-ticket purchases upfront are some of the benefits of having a credit card. It promises and delivers unparalleled payment convenience that a lot of us decide to own two or more cards. Now you might be wondering if adding another card to your wallet would be worth it. Or you already got a lot of credit cards and thinking of ways to manage them more easily. Here’s what you need to know about how many cards you need and how to manage multiple credit cards. Table of ContentsCan You Have Multiple Credit Cards?How to Manage Multiple Credit Cards1. Check Each Card’s Features and Benefits2. Make Sure Each Card Has a Purpose3. Don’t Use Them All at Once4. Bring Only the Card You Need5. Streamline Your Credit Card Payments6. Check Your Credit Card Records7. Limit the Number of Your Cards8. Maximize the Credit Card RewardsFinal Thoughts Can You Have Multiple Credit Cards? Yes, you can own not just one but two or more credit cards at the same time. Banks allow their customers with good credit standing to avail of another card. The next thing you might want to know: “How many credit cards should I have?” While there’s no existing research on the average number of cards per person in the Philippines, there are Filipinos who own about two to three credit…

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Traveling Overseas? Take These International Credit Cards With You

Credit cards that bear the logo of Mastercard, Visa, or American Express are accepted as a payment mode for transactions around the world. Yes, nobody’s stopping you from swiping your card—the only challenge is that it can be really costly if you’re using just a regular card and not any of the available international credit cards. A number of international credit cards in the Philippines help Filipinos save money and earn rewards on purchases made overseas Some cards have low foreign transaction fees, while others have great rewards programs for international purchases. They also provide travel-related perks such as travel insurance and free access to airport lounges. Looking for that kind of credit card? Read on to find out the best international credit card for you. Table of ContentsBest Credit Cards to Use OverseasHSBC Platinum VisaUnionBank Miles+ Platinum VisaMaybank Platinum VisaBPI Signature VisaMetrobank World MastercardRCBC Bankard Visa InfiniteBPI Family Credit CardSecurity Bank Platinum MastercardPNB-PAL Mabuhay Miles World MastercardHow to Get an International Credit Card?How to Use International Credit Cards Abroad?1. Notify the Bank About Your Trip2. Compute the Currency Conversion Rate for Your Overseas Transaction3. Choose to Pay in the Local Foreign Currency4. Check and Keep Your ReceiptsFinal Thoughts Best Credit Cards to Use Overseas HSBC Platinum Visa One of the best credit cards for overseas spending is HSBC’s Platinum Visa. It offers a generous rewards system to cardholders who use their card abroad, with 4x bonus points for every qualified transaction. 📌 Key Features and Benefits Rewards: Earn 4 bonus points for every PHP 20 you spend on overseas…

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How to Redeem Credit Card Points in the Philippines

Most banks have credit card rewards programs where you can exchange points for exclusive items, like gift certificates, hotel accommodations, air miles, annual fee waivers, and even prepaid load. All these can be redeemed by accumulating credit card points with your purchases. Table of ContentsHow Credit Card Reward Points WorkReminders Before Redeeming Credit Card PointsHow to Redeem Credit Card Points in the Philippines1. BPI2. Citibank3. EastWest Bank4. HSBC5. Metrobank6. RCBC7. Security Bank8. UnionBank9. AUB10. PNBFinal Thoughts How Credit Card Reward Points Work One great advantage of being a credit cardholder is earning reward points. By using your card in partner establishments, you can earn reward points that can be exchanged for gift cards, products, and even flights. Credit card reward points are incentives that banks offer to frequent card users. The rewards earn rate, however, differs by card and by the bank. Metrobank, for example, gives 1 point for every PHP 20 charged on a Metrobank credit card. BPI, on the other hand, gives 1 point for every PHP 35 charged to BPI Express Credit Classic, Blue Mastercard, Gold Mastercard, and e-Credit Mastercard. If you want to know how your credit card rewards program works, this article will give you an idea. Related: Compare credit cards and find the right one for you Reminders Before Redeeming Credit Card Points Some banks declare only the primary cardholder as eligible for credit card points. Check with your bank’s policy on earning points and redeeming rewards. Credit card points are non-transferable. The credit card account should be in good standing in order to…

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Different Ways to Pay for Your Credit Card Bill

The key to managing your credit card successfully—and avoiding missed payments—is planning where and when to pay for your monthly bill. Banks provide a wide range of credit card payment methods for their customers’ convenience. With many options available nowadays, it has become easier for cardholders to pay for their credit card bills on time. Here are the different ways to pay for your credit card bill in the Philippines. Table of ContentsTraditional Credit Card Payment Methods in the Philippines1. Over-the-Counter Bank Payment2. Over-the-Counter Payment in Bills Payment Centers3. Auto-Debit Arrangement (ADA)4. Phone BankingElectronic Credit Card Payment Methods in the Philippines1. Automated Teller Machines (ATMs)2. Online Banking3. Mobile Banking4. Mobile Wallet Apps (Coins.ph, GCash etc.)5. Self-Service Electronic Payment MachinesFinal Thoughts Traditional Credit Card Payment Methods in the Philippines 1. Over-the-Counter Bank Payment Payment modes accepted: Cash, check, and direct debit from the cardholder’s bank account Over-the-counter transactions are among the traditional credit card payment methods in the Philippines. You can pay with cash or check at any branch of your credit card provider. Cash payments are posted within 24 hours or the next banking day, while check payments take one to three banking days to post. You may also make an over-the-counter payment in one of your credit card provider’s partner banks. For example, Security Bank branches accept Metrobank credit card payments[1] and vice versa. Payments made at another bank are posted after one to three banking days. Pros of OTC Bank Payment: Same-day or next-day posting when paying in cash at a branch of the issuing bank Cash and check payments…

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Complete Guide to Secured Credit Cards in the Philippines

When applying for a regular credit card doesn’t work out for you, you can always get a secured credit card. It’s not always easy to get approved for a credit card, especially for entrepreneurs and freelancers who don’t have a stable or regular income. Banks are also not too keen on credit card applicants with bad credit or no credit history. Here, we explain the workings of secured credit cards in the Philippines and give you a look at which banks are offering them. Table of ContentsWhat is a Secured Credit Card?How to Use a Secured Credit CardHow Much Should You Deposit to Your Secured Card?Some Things to Know About Your Hold-Out DepositIs Having Secured Credit Cards a Good Idea?Benefits of Secured Credit CardsDrawbacks of Secured Credit CardsWhat is the Best Secured Credit Card in the Philippines for 2021?What Secured Credit Card Has the Lowest Deposit?Secured Credit Card Application Guide for Beginners1. Ensure That You’re Eligible2. Choose the Right Credit Card for You3. Visit the Bank4. Submit the Required Documents5. Wait for the Card DeliveryTips on Using Your Secured Credit Card EffectivelyFinal Thoughts What is a Secured Credit Card? A secured credit card is a type of credit card with a cash deposit serving as collateral. Because it’s guaranteed by the cardholder’s deposit, applicants can expect quick and 100% approval, making it the easiest way to get a credit card in the Philippines. Secured credit cards don’t require income documents, which make them suitable for people with bad credit or no credit history. The deposit amount already reduces the risk…

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HSBC Credit Card Application: Quick Guide for First-Timers

HSBC is one of the largest banks in the world and one of the leading credit card providers in the Philippines. The bank issues five types of credit cards that cater to different lifestyles and needs. With an attractive reward program, a 0% installment plan, and other exclusive deals, who would not want an HSBC credit card? If you already have an HSBC card in mind, here are the four steps to keep in mind for your HSBC credit card application. Table of ContentsSteps to HSBC Credit Card Application Philippines1. Check if You’re Qualified for an HSBC Credit Card2. Get All Your HSBC Credit Card Requirements Ready3. Decide Which HSBC Credit Card to Apply For4. File Your Credit Card ApplicationIs HSBC Credit Card Visa or Mastercard?How to Check HSBC Credit Card Application StatusHow to Activate HSBC Credit CardFinal Thoughts Steps to HSBC Credit Card Application Philippines 1. Check if You’re Qualified for an HSBC Credit Card Make sure that you’re eligible to apply for an HSBC credit card—this is the first and most important step in the entire application process. You can apply for one of HSBC credit cards if you meet all these requirements: Between 18 and 70 years old Have a gross annual income of at least PHP 200,000 (for Red Mastercard and Gold Visa Cash Back) or PHP 500,000 (for Platinum Visa) An HSBC Advance[1] bank account (for HSBC Advance Visa) or an HSBC Premier[2] bank account (for HSBC Premier Mastercard) Primary cardholder of a credit card that’s issued by a bank in the Philippines and in…

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Best Travel Credit Cards in the Philippines for 2021

As the economy slowly reopens, you may be thinking of traveling with your loved ones soon. Heck, you might have even planned your next dream destination while still on quarantine. So while you’re at it, it’s better if you start thinking of how you can save money while traveling. And one of the best ways to do so is by using a travel credit card. Learn about the best travel credit cards in the Philippines and how it can benefit you in our guide. Table of ContentsWhy Get a Travel Credit Card?What Features Should I Look for When Getting a Credit Card for Travel?9 Best Travel Credit Cards in the Philippines1. Citi PremierMiles Card2. HSBC Platinum Visa3. Metrobank Travel Platinum Visa4. RCBC AirAsia Credit Card5. UnionBank Cebu Pacific GetGo 6. PNB-PAL Mabuhay Miles World Mastercard7. BPI Signature Visa8. Security Bank Platinum Mastercard9. Maybank Platinum VisaWhich travel credit cards in the Philippines have airport lounge access?Which travel credit cards have no annual fee?Which travel credit cards have travel insurance?Final Thoughts Why Get a Travel Credit Card? A travel credit card is worth it if you’re a frequent traveler. This type of credit card is ideal for individuals who often travel for work or for leisure, and can afford to spend the card’s minimum requirement for racking up air miles and rewards points. Having a travel credit card also allows you to enjoy travel perks such as airport lounge access,  hotel and fuel discounts, and exclusive shopping and dining deals from merchants worldwide. Many travel cards in the Philippines also offer free travel…

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Credit Card Limit: What is It and How Do Banks Determine It?

The credit card limit is one of the most important things to understand when you’re applying for a card. Your credit limit affects how much you can spend with your plastic card. Of course, you want to have the highest possible limit because that means increased purchasing power. But unfortunately, you’ll never know how much your credit limit will be until you’re approved for a credit card. The closest you can get to predicting your credit limit is finding out how banks arrive at this figure. This will give you an idea of whether you’ll get a high or low credit limit. While you’re finding the right credit card, get to know what a credit limit is and how it’s calculated. Table of ContentsWhat is a Credit Card Limit?How Do Credit Card Limits Work in the Philippines?How Do Banks Set Your Credit Limit?Factors That Affect Minimum and Maximum Credit Card Limit in the PhilippinesIs Credit Limit Monthly or Yearly?Is It Good to Have a High Credit Limit?Advantages of Credit Limit IncreaseDisadvantages of Credit Limit IncreaseHow to Increase Your Credit Card Limit in the PhilippinesManage Your Credit Card ResponsiblyRequest the Bank to Increase Your Credit LimitIncrease Your Security DepositHave More Than One Credit CardWhy Was My Credit Limit Increase Denied?What Happens When I Purchase More Than My Credit Limit?Final Thoughts What is a Credit Card Limit? A credit card limit is the maximum balance you can have on your card at any given time. It includes your purchases, finance charges, service and penalty fees, balance transfers, and cash advances. Put simply,…

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No Income Documents? 3 Credit Card Alternatives to Consider

  “Do credit cards require proof of income? If you’re unemployed, can you still get a credit card? How do you get a credit card without income documents?” If you have the same burning questions, then we have the answer. In the Philippines, it’s really challenging to get a credit card without proof of income. Most freelancers, stay-at-home parents, fresh graduates, and college students can’t apply for a credit card without payslips and income documents. Business owners even need to submit DTI and SEC registration papers. But thankfully, there are ways to apply for a credit card even without payslips, COEs, and ITRs. Yes, you can still enjoy the perks of a credit card without the hassle of securing income documents. Just choose from great credit card alternatives such as secured credit cards, supplementary credit cards, and prepaid cards. You can also swipe and enjoy cashless transactions while earning rewards points as well. These credit card alternatives have the same functions and offer the same benefits that regular credit cards do. But they don’t require income documents, and banks don’t need to conduct background checks. So if you’re unemployed or self-employed with no fixed income or have zero/poor credit history, try these credit card alternatives. Table of Contents3 Alternatives to Credit Card Without Proof of Income1. Secured Credit Cards2. Supplementary Credit Cards3. Reloadable Prepaid CardsFinal Thoughts 3 Alternatives to Credit Card Without Proof of Income 1. Secured Credit Cards What is a Secured Credit Card? A secured credit card works just like a regular credit card. The only difference is…

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8 Credit Card Myths You Should Stop Believing

Do you really believe everything you hear about credit cards? Think again. Believing in wrong assumptions about credit cards can hurt your credit score, cost you more money, and have you miss out on the benefits of credit card rewards. Stop being misinformed. Know the common credit card myths Pinoys fall for and the real deal about credit cards. Table of Contents1. Credit Cards Will Drown You in Debt2. You’ll Be Fine If You Only Pay the Minimum Balance3. Unpaid Credit Card Debt Can Get You in JailSo what happens to unpaid credit card debt in the Philippines?4. It’s Difficult to Apply and Get Approved for a Credit Card5. You Can’t Negotiate Credit Card Terms6. You Can’t Have More Than One Credit Card7. Credit Card Fees are Expensive8. Credit Cards are Only for the RichFinal Thoughts 1. Credit Cards Will Drown You in Debt “Huwag kang kumuha ng credit card! Mababaon ka lang sa utang.” Heard this already from your family or friends? Many Filipinos are still afraid of owning a credit card because it will only leave them in debt due to interests and other charges. Credit cards are also perceived as a big temptation to overspend. With a credit card in your wallet, it’s easier to give in to impulsive buying. Well, it’s somewhat true, but it depends on how you use it. You can actually save money if you’re strategic about using your card. You just need to be disciplined each time the urge to splurge props up. You also need to learn how to take advantage of credit card rewards,…

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Your Simple 5-Step Guide to UnionBank Credit Card Application

UnionBank is one of the most trusted banking institutions in the Philippines. In recent years, it has captured the attention of younger clientele and even customers from competing banks because of its advanced and user-friendly mobile banking app. It might be even through this app that you’ve become curious about the potential this bank holds, especially when it comes to credit cards. UnionBank credit cards have a lot of features and benefits. Among the most exciting features are longer credit terms, flexible monthly payments, and an installment program with 0% interest. The bank even allows you to share credit card access with family and friends. The bank’s credit cards also offer exclusive discounts on dining and shopping. So, if you want to have the first dibs on leisure-specific perks, a UnionBank credit card makes a good choice. Here’s your guide to UnionBank credit card application. Table of ContentsHow to Apply for a UnionBank Credit Card1. Know If You’re Eligible for a UnionBank Credit Card2. Choose the Right UnionBank Credit Card for You3. Fill Out the Online UnionBank Credit Card Application FormHow Can I Check My UnionBank Credit Card Application Status?How to Activate UnionBank Credit Card Final Thoughts How to Apply for a UnionBank Credit Card If you want to start your UnionBank credit card application, here is an easy five-step guide to follow. 1. Know If You’re Eligible for a UnionBank Credit Card Before you proceed with your application, you should know first if you qualify for a credit card from UnionBank. UnionBank Credit Card Requirements 18 to 70 years…

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