All Articles With Category : Credit Card

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

Moneymax Reviews: Is AUB Gold Mastercard the Gold Standard?

Another week, another edition of Moneymax Reviews! Let’s leave the budget-friendly credit cards and head straight to the premium ones with this week’s AUB Gold Mastercard review. As we’ve seen from our previous review, AUB knows how to make their cards stand out from the rest. But how well can they fare when it comes to providing the best premium perks? Is the AUB Gold Mastercard the gold standard or can other credit cards steal the crown? So before you pick your next credit card, let Asia United Bank’s golden card entice you with its premium offerings. Table of ContentsAUB Gold Mastercard Key FeaturesWhat is Golden About AUB Gold Mastercard?What Perks Can I Enjoy with My AUB Gold Mastercard?AUB Gold Mastercard AlternativesFinal Thoughts AUB Gold Mastercard Key Features The standard way to start these reviews is to study each credit card’s key features. And just by looking at its features, the AUB Gold Mastercard can make people’s heads turn. Annual fee: No annual fee for life! Interest rate: 3.50% Minimum monthly income requirement: PHP 50,000 Cash advance fee: None Late payment fee: PHP 700 or the unpaid minimum amount due, whichever is lower Overlimit fee: None Foreign transaction fee: 1% service fee added to the sum of peso conversion and Mastercard fees Card replacement fee: PHP 500 What is Golden About AUB Gold Mastercard? AUB is all about giving their cardholders more freedom to pay their credit card bills. While their affordable credit cards are more flexible in this area, the AUB Gold Mastercard isn’t a slouch, either. You can…

Read More

Best Credit Cards for Parents in the Philippines

Raising a family isn’t and will never be cheap. Parents have to juggle different household expenses: childcare costs, groceries, bills, rent, home upkeep, and so much more. The financial aspect of parenting is tough. But you can make things a lot easier for you, of course. A credit card for parents helps manage your household spending through billing statements. Credit cards also let you stretch your budget and save money through rewards or cashback. Whether you’re a single, expecting, first-time, or long-time parent looking for a way to keep your family finances in shape, there’s a credit card that matches your needs. Here’s a guide to help you choose the right credit card for managing your household finances. Table of ContentsWhat is the Best Credit Card for Parents? 4 Features to Consider1. Money-Saving Benefits2. Perks for Your Biggest Expenses3. Automatic Charging of Recurring Bills4. Installment PlanBest No Annual Fee Credit Cards for ParentsAUB Classic MastercardCiti Simplicity+PNB Ze-Lo MastercardBest Cashback Credit Cards for ParentsCiti Cash Back VisaSecurity Bank Complete Cashback MastercardBest Rewards Credit Cards for ParentsHSBC Red MastercardRCBC Bankard Flex Gold VisaUnionBank Lazada Credit CardUnionBank Home Depot VisaFinal Thoughts What is the Best Credit Card for Parents? 4 Features to Consider The best credit card comes with family-friendly features that allow parents to maximize their savings and make it easier for them to monitor their card spending. Look for these features when choosing a credit card for parents: 1. Money-Saving Benefits Some credit cards have waived annual fees, late payment fees, and overlimit fees, which can lead to significant yearly savings….

Read More

Get GrabPay Credits Worth P2,000! Exclusive Moneymax x Citibank Offer

Thinking of applying for a Citibank credit card? Don’t procrastinate because the best time is now! Apply and get approved for any Citibank credit card through Moneymax and get FREE GrabPay credits worth P2,000. This promo is exclusive from Moneymax and is valid to new Citibank customers only. To qualify, your Citibank credit card application must be made through the Moneymax website. Promo runs from August 7 to August 31, 2020. Per DTI-FTEB Permit No. 103182, Series of 2020. You may review the full Terms and Conditions here. Choose the right Citibank Credit Card for you CITI CREDIT CARDS FEATURES & BENEFITS CITI SIMPLICITY + Monthly income requirement: PHP 20,833 No annual fees forever! No late payment and overlimit fees Interest rate: 3.50% CITI REWARDS CARD Monthly income requirement: PHP 20,833 3x points on shopping and dining transactions Non-expiring points! Use anytime, anywhere. 0% interest with Citi Paylite Interest rate: 3.50% CITI CASH BACK CARD Monthly income requirement: PHP 20,833 Up to 6% cash back on all purchases Save as much as P12,000 per year 0% interest with Citi Paylite Interest rate: 3.50% CITI PREMIERMILES Monthly income requirement: PHP 30,000 Earn 1 PremierMile for every PHP 30 spend Free travel insurance coverage Interest rate: 3.50% CITI PRESTIGE CARD Monthly income requirement: PHP 83,333 Earn 5x rewards points on shopping and dining Unlimited access to VIP airport lounges Interest rate: 3.50% SHELL CITI CARD Monthly income requirement: PHP 20,833 5% rebate on Shell fuel purchases 5% rebate on car repairs and accessories Save as much as PHP 10,000 per year Interest…

Read More

Grab These Exciting Citibank Credit Card Promo Offers in 2020

Good news for Citi credit cardholders out there: You’re treated to plenty of exciting Citibank credit card promo offers before 2020 ends. From exclusive discounts to special rebates, owning a Citi credit card has never been this fun. So what are you waiting for? Browse through the available Citi credit card promos. Better yet, check out our curated list of the best Citibank credit card promos and take your pick! Table of ContentsCitibank Credit Card Promo Offers for New CardholdersMoneymax x Citibank GrabPay Credits PromoCiti Rewards Card Welcome OffersCiti Cash Back Card Welcome OffersCiti PremierMiles Card Welcome OffersCiti Grab Credit Card Welcome OffersCitibank Credit Card Promo Offers for Dining50% Off Every Saturday at The Bistro Group50% off at House of Wagyu50% off on lunch and dinner buffet at Savoy Hotel Manila25% Off at Black Canyon Coffee15% Off at FigaroCitibank Credit Card Promo Offers for TravelUp to 7% Off on Agoda BookingsCitibank Credit Card Promo Offers for Shopping10% Off Every Friday at Lazada30% off Every Saturday at ZALORAUp to 20% off on farm fresh produce at MayaniUp to 30% off on shipping fees at ShippingCartFinal Thoughts Citibank Credit Card Promo Offers for New Cardholders Moneymax x Citibank GrabPay Credits Promo Eligible Cards: All Citibank credit cards Promo Period: Now until August 31, 2020 There’s a good reason you should be considering a Citi credit card right now. Because if you apply through Moneymax and get approved, you’ll receive free GrabPay credits worth PHP 2,000. But you need to hurry because this deal will end on August 31, 2020! For full Terms and Conditions, click…

Read More

14 Best Air Miles Credit Cards for Cheaper Travel in the New Normal

Do you love to travel? The fact that you’re reading this right now means you’re at least planning to travel in the near future. But sadly, travel isn’t exactly a luxury at this moment when COVID-19 is still around. The pandemic will end eventually, so don’t cancel your air miles credit card just yet. The next best thing you could do is earn travel points while everyone’s in a collective pause. In that case, you definitely need to keep or get an air miles credit card. Finding the right one is easier now more than ever. Compare your options from this diverse list. Table of ContentsWhich Air Miles Credit Card is Perfect For You?AUB Platinum MastercardBPI SkyMiles Platinum MastercardCiti PremierMiles CardEastWest Priority Visa InfiniteHSBC Platinum VisaMaybank Platinum Mastercard/Visa PlatinumMetrobank Travel Platinum VisaPNB-PAL Mabuhay Miles World MastercardRCBC Bankard Visa InfiniteUnionBank Cebu Pacific GetGo PlatinumUnionBank Miles+ Platinum VisaHow Do I Redeem My Air Miles?How Do I Choose Best Credit Cards to Earn Miles?Final Thoughts Which Air Miles Credit Card is Perfect For You? AUB Platinum Mastercard How to earn air miles: 1 Mabuhay Mile per PHP 33 spent Annual fee: Free for life Interest rate: 2.70% Other Travel Perks: Free access to SkyView Lounge at NAIA Terminal 3 and Pacific Club Lounges at NAIA 3 and Clark International Airport Double credit card rewards points for overseas purchases BPI SkyMiles Platinum Mastercard How to earn air miles: 1 Delta SkyMiles mile per PHP 45 spent Annual fee: PHP 5,000 (waived for the first year) Interest rate: 3.50% Other Travel Perks: Earn 2x miles…

Read More

Moneymax Reviews: AUB Mastercard – Go Easy or Go Classic?

Welcome back to another edition of Moneymax Reviews! This week, we’re doubling the savings and doubling the fun. Because for the first time ever, we’re pitting two credit cards against each other to see which one’s the right choice in this AUB credit card review. In the red corner, we have the AUB Easy Mastercard and in the blue corner, we have the AUB Classic Mastercard. Which of these affordable credit card options from Asia United Bank works best with your lifestyle? Let’s take an in-depth look at these competing AUB credit cards. Table of ContentsAUB Easy and Classic Mastercard Terms and ConditionsAUB Easy and Classic Mastercard Key FeaturesWhat’s So Great About the AUB Easy Mastercard?Why Should I Consider an AUB Classic Mastercard?What Perks Can I Enjoy with My AUB Mastercard?AUB Easy and Classic Mastercard AlternativesFinal Thoughts AUB Easy and Classic Mastercard Terms and Conditions Before we start with our AUB credit card review, let’s check out the key features of both cards. On paper, both cards have the same key features that you would mistake one for the other. Nevertheless, these features are quite enticing. AUB Easy and Classic Mastercard Key Features Annual fee: No annual fee for life! Interest rate: 3.50% Minimum monthly income requirement: PHP 21,000 Cash advance fee: None Late payment fee: PHP 700 or the unpaid minimum amount due, whichever is lower Overlimit fee: None Foreign transaction fee: 1% service fee added to the sum of peso conversion and Mastercard fees Card replacement fee: PHP 500 Read more: 6 Easy Steps to Applying for an…

Read More

6 Easy Steps to Applying for an AUB Credit Card

AUB credit cards might have caught your interest because of their waived annual fees, and while that’s a big deal when choosing a credit card, there’s more to AUB cards than their no annual fee for life feature. Did you know that AUB credit cards are among those with the fastest rewards earn rate in the Philippines? Every PHP 20 spent using an AUB Mastercard earns you 1 rewards point. Other credit cards require a higher minimum spend to earn rewards. AUB also offers flexibility when it comes to paying credit card bills. Choose your own payment due date, frequency, and fixed minimum balance. If you select the right payment terms, this feature can help you manage your finances well and avoid making late payments. With all such features, having a credit card from AUB is absolutely worth it. Interested? Here’s a step-by-step guide to help you easily apply for an AUB credit card in the Philippines. Table of ContentsAUB Credit Card Application Steps1. Pick the Right AUB Credit Card for You2. Compare the Different AUB Credit Cards3. Prepare the AUB Credit Card Requirements4. Submit Your AUB Credit Card Application5. Check Your AUB Credit Card Status6. Activate Your Credit CardFinal Thoughts AUB Credit Card Application Steps 1. Pick the Right AUB Credit Card for You AUB credit cards come in four types: Easy, Classic, Gold, and Platinum. Each card caters to a specific income bracket, budget, and lifestyle. Before you apply for an AUB credit card, it’s important to figure out which one is the best match for you. This…

Read More

Moneymax Reviews: Save on Essentials with a Citi Cash Back Card

The last benefit you’ll ever think credit cards have is saving you money, right? Wrong. In fact, there are credit cards out there that can save you money on every swipe. How? By awarding you with cash rebates on specific spend categories. We call them cashback credit cards. Fortunately, they are not that hard to find. In fact, most banks offer generous cashback credit cards to shoppers looking to maximize their purchases. And one of the popular cards you’ll see out there is the Citi Cash Back Card. Curious about the Citi Cash Back Card? Then you came to the right place. As the third installment of Moneymax Reviews, we bring you Citibank’s own rebate generator. Find out more in this Citi Cash Back Card review. Table of ContentsCiti Cash Back Card Terms and ConditionsCiti Cash Back Card FeaturesHow Much Rebate Will I Receive Monthly?What Perks Can I Enjoy with My Citi Cash Back Card?Citi Cash Back Card AlternativesFinal Thoughts Citi Cash Back Card Terms and Conditions Just like in every boxing match, let’s look at Citi Cash Back Card’s tale of the tape. Judging by its features, it seems the Citi Cash Back Card costs more to use and maintain. But is it worth it? Citi Cash Back Card Features Annual fee: PHP 3,500 for principal cardholders (free for the first year) PHP 1,750 for supplementary cardholders (free for the first year) Interest rate: 3.50% Minimum monthly income requirement: PHP 15,000 (for existing credit cardholders) PHP 20,833.33 (for new cardholders) Cash advance fee: PHP 500 per withdrawal or 3%…

Read More

Best Credit Cards for Grocery Shopping in the Philippines

Spending more money on groceries lately? These days, using a credit card just for grocery purchases is a wise and practical decision, whether you shop at a supermarket or on an online grocery store. A dedicated card for groceries allows you to track your grocery spending and manage your budget better. You may also get cash back, rewards, discounts, and other special offers from your issuing bank. There are plenty of best credit cards for groceries in the Philippines, but the right one for you will depend on your preference. You might want to earn cash back or rewards with your card, or you might prefer something that lets you save on credit card fees and charges. Based on such criteria, here are the best credit cards for grocery shopping in the Philippines. Table of ContentsBest Credit Cards with Cash Back for Grocery ShoppingCiti Cash Back VisaSecurity Bank Complete Cashback MastercardEastWest EveryDay Titanium MastercardRCBC Bankard Landmark Anson’s MastercardRobinsons Cashback Credit CardUnionBank Gold MastercardBest Credit Cards with Grocery RewardsHSBC Red MastercardCiti Rewards MastercardRCBC Bankard Flex Gold VisaMercury Drug CitiBDO ShopMore MastercardBest No Annual Fee Credit Cards for GroceriesAUB Easy MastercardEastWest Platinum MastercardCiti Simplicity+PNB Ze-Lo MastercardBest Credit Cards for Groceries in the PhilippinesHow to Use a Credit Card in Grocery StoresFinal Thoughts Best Credit Cards with Cash Back for Grocery Shopping Citi Cash Back Visa Grocery cash back rate: Up to 6% Minimum monthly income requirement: PHP 15,000 (for existing cardholders) / PHP 20,833.33 (for first-time cardholders) Citibank offers the highest rebate rate on grocery purchases in the Philippines through the Citi Cash…

Read More

HSBC Credit Card Application: A 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. They issue five types of credit cards that cater to different lifestyles and needs. All HSBC credit cards come with an attractive reward program, a 0% installment plan, fuel rebates, and other exclusive deals. Already got a card in mind? Here are the four steps to keep in mind for your HSBC credit card application. Table of ContentsHSBC Credit Card Application Steps1. Check if You’re Qualified for an HSBC Credit Card2. Get All Your Supporting Documents Ready3. Decide Which HSBC Credit Card to Apply For4. File Your HSBC Credit Card ApplicationFinal Thoughts HSBC Credit Card Application Steps 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 A gross annual income of at least P200,000 (for Red Mastercard and Gold Visa Cash Back) or P500,000 (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 good standing for at least 12 months (for Red Mastercard, Gold Visa Cash Back, and Platinum Visa) 2. Get All Your Supporting Documents Ready HSBC will process your credit card application only…

Read More

Credit Card Promos for Online Shopping and Dining in 2020

Make the most of your credit card use this year, especially for your essentials and online shopping! Here’s a roundup of credit card promos in 2020 that offer discounts, rebates, freebies, and other rewarding perks for cardholders in the Philippines. Table of ContentsWelcome Gifts for New Credit Cardholders in 2020Citibank No Annual Fee Forever and Other PerksP2,500 Cash RebateCredit Card Promos 2020 for Online Shopping10% Off on Your Lazada Purchase Every FridayP500 Off Your Gadget Purchase at Poundit.com10% Rebate at MyKuya10% Off at Pet WarehouseUp to 4x Rewards Points on Your Essentials Spend4% Cashback on All Online and In-Store PurchasesUp to 18% Off at ZALORA20% Off at 123baby10% Off at CalyxtaCredit Card Promos 2020 for Dining2 Yellow Cab Pizzas for Only P44910% Off at Tokyo Bubble Tea and GringoFinal Thoughts Welcome Gifts for New Credit Cardholders in 2020 Citibank No Annual Fee Forever and Other Perks Eligible card: All Citibank credit cards (except for Citi Grab Card and Simplicity+ Mastercard) Promo period: Until July 31, 2020 Citibank has upped its welcome rewards for new cardholders this 2020. Depending on the Citi credit card you apply for within the promo period (and eventually get approved for), you may receive free rewards points, air miles, eGifts, or rebates. Or you can save money with the No Annual Fee Forever promo for Citi Rewards new cardholders. New Citi cardholders get rewarded with the following freebies when they meet the minimum spend requirement of PHP 20,000 or PHP 40,000 (depending on the card) within 60 days from the card receipt date: Prestige – 120,000 rewards points…

Read More

Moneymax Reviews: Keeping it Simple with a Citi Simplicity Card

You’ll never forget your first credit card. It’s the first taste of financial freedom, after all. No need to pay cash whenever you’re out. Just swipe away and boom, your needs are met. That’s why it’s important to keep the search for your first credit card hassle-free. You can’t just take whatever’s nearest. Sometimes, things just need to be simple. Enter Citi Simplicity Card. Your friends and colleagues have probably recommended this card to you countless times. Because whether it’s your first time applying for one or you just need an extra card that’s easy to acquire, this little card that will not disappoint. Need more proof? Check out this Citi Simplicity Card review. Table of ContentsCiti Simplicity Card Terms and ConditionsCiti Simplicity Card FeaturesWhy Should I Apply for a Citi Simplicity Card?What Perks Can I Enjoy with My Citi Simplicity Card?Citi Simplicity Card AlternativesFinal Thoughts Citi Simplicity Card Terms and Conditions Getting to know your credit card is one important step in choosing one, and this includes studying its terms and conditions. Check out Citi Simplicity Card’s key features below. Citi Simplicity Card Features Annual fee: No annual fees for life! Interest rate: 3.50% Minimum monthly income requirement: PHP 15,000 (for existing credit cardholders) PHP 20,833.33 (for new cardholders) Cash advance fee: PHP 500 per withdrawal or 3% of amount Monthly minimum due: PHP 500 or 1% of amount due Late payment fee: None Overlimit fee: None Foreigh transaction fee: 3.525% of amount Card replacement fee: PHP 400 Read more: 8 Credit Cards with Easy Application Requirements Why Should…

Read More

8 Best Credit Cards for Online Shopping in the Philippines

Online shopping has become the main option for shoppers in today’s COVID-19 reality[1]. By now, you should be looking for credit cards for online shopping to make the whole process more convenient for you. Fortunately, these credit cards aren’t that hard to find. To make it easier for you, we compiled the best credit cards for online shopping and what exactly makes them the perfect choice. Consider upgrading your shopping experience online with these credit cards. Table of ContentsBest Credit Cards for Online ShoppingAUB Easy MastercardBDO Gold MastercardCiti Rewards CardHSBC Platinum VisaHSBC Red MastercardMetrobank ON Internet MastercardMetrobank Titanium MastercardSecurity Bank Gold Rewards MastercardHow to Pay Using a Credit Card OnlineFinal Thoughts Best Credit Cards for Online Shopping AUB Easy Mastercard Want to maximize your online shopping experience without paying for annual fees? Then the AUB Easy Mastercard is your best bet. One great thing about owning this credit card is that you can choose how often you want to pay your credit card balance (monthly, bi-monthly, weekly) and how much you want to pay. If that’s not enough, you can easily earn one (1) rewards point for every PHP 20 spend on online and in-store purchases. Also, no annual fees forever. That’s always a plus. And to secure your online transactions, the AUB Easy Mastercard is equipped with Mastercard SecureCode, a one-time password (OTP) protocol that verifies every purchase. AUB Easy Mastercard Perks Choose how often and how much you want to pay Earn one (1) rewards point for every PHP 20 spend Mastercard SecureCode protocol for added security AUB…

Read More

Moneymax Reviews: How Rewarding Is a Citi Rewards Card?

What’s the one thing first-time and veteran cardholders have in common? Their affinity for credit card rewards. One of the most popular rewards credit cards out there is the Citi Rewards Card. You could be searching for other cards, but Citibank’s reward-filled credit card has always been a good place to start. Fortunately, Moneymax has you covered with the first edition of Moneymax Reviews, where we take an in-depth look at credit cards and other financial products in the Philippines. And the first product to go under the microscope? You guessed it—the Citi Rewards Card. Find out more in this Citi Rewards Card review. Table of ContentsCiti Rewards Card Terms and ConditionsCiti Rewards Card FeaturesWhat Rewards Can I Redeem with a Citi Rewards Card?What Perks Can I Enjoy with a Citi Rewards Card?Citi Rewards Card AlternativesFinal Thoughts Citi Rewards Card Terms and Conditions Every credit card comes with a set of terms and conditions, and the Citi Rewards Card is no different. It’s important to study them before applying for any credit card out there. Citi Rewards Card Features Annual fee: PHP 2,500 for principal cardholders (free for the first year) PHP 1,250 for supplementary cardholders (free for the first year) Interest rate: 3.50% Minimum monthly income requirement: PHP 15,000 (for existing credit cardholders) PHP 20,833.33 (for new cardholders) Cash advance fee: PHP 500 per withdrawal or 3% of amount Monthly minimum due: PHP 500 or 1% of amount due Late payment fee: PHP 850 Overlimit fee: PHP 750 Foreigh transaction fee: 3.525% of amount Card replacement fee: PHP 400…

Read More

Swipe and Save: 10 Credit Cards with No Interest in the Philippines

Big-ticket purchases can get expensive, especially if you pay them in cash. However, there are plenty of “buy now, pay later” schemes that allow you to purchase high-ticket items without paying immediately. One of these schemes is the 0% interest installment plan for purchases made using a credit card. Table of ContentsHow Do Credit Cards with No Interest Work?Choosing the Right Zero-Interest Credit Card for YouInstallment periodMonthly interest rateAdded benefits10 Credit Cards With No Interest in the Philippines1. BDO Installment Card2. BPI Edge MasterCard3. Citi Simplicity+Features and BenefitsFees and Charges4. Eastwest Bank Gold MasterCard5. HSBC Red MastercardFeatures and BenefitsFees and Charges6. Maybank Standard MasterCardFeatures and BenefitsFees and Charges7. Metrobank M Free MastercardFeatures and BenefitsFees and Charges8. RCBC Visa Infinite CardFeatures and BenefitsFees and Charges9. Security Bank Classic Rewards MastercardFeatures and BenefitsFees and Charges10. Unionbank Classic VisaFeatures and BenefitsFees and ChargesFinal Thoughts How Do Credit Cards with No Interest Work? Credit cards with no interest mean you don’t have to pay interest on purchases charged to it for a specific period. This period is typically between six to 36 months, depending on the bank. Once this period ends, your card’s regular interest rate[1] will take over. You will also pay interest on other types of credit card transactions such as cash advances, overlimit, late payment, and balance transfer unless stated in the terms and conditions. Credit cards with no interest can be a great way to finance high-ticket purchases without shelling out a huge amount upfront. However, you have to keep up with your monthly payments to make sure you won’t…

Read More

Best Cashback Credit Cards to Help You Save Money on Every Swipe

Get paid each time you spend with your credit card—isn’t that enticing enough to get a cash back credit card? But there’s more to credit cards with cashback than just swiping and earning rebates. Understanding how they work allows you to find the one that suits your spending habits and can maximize your spendings. Get started with this guide. Table of ContentsWhat is a Cashback Credit Card?Best Credit Cards with Cashback in PHBPI Amore VisaCiti Cash Back CardEastWest EveryDay Titanium MastercardHSBC Gold Visa Cash BackMaybank Platinum VisaSecurity Bank Complete Cashback MastercardShell Citi CardUnionBank Platinum MastercardHow Do Credit Cards with Cashback Work?How Do I Choose the Best Credit Card with Cashback?Types of Cashback Credit Cards in the Philippines1. Cards with Variable Cashback Rates2. Cards with a Fixed Cashback RateCashback Credit Card FeesHow to Redeem Cashback or Cash Rebate?Final Thoughts What is a Cashback Credit Card? A cashback credit card, also known as a rebate credit card, is a type of rewards card that earns you cash rebates for every purchase. These cards make your life simpler because unlike other rewards credit cards, you know exactly how much you’ll be paid back without dealing with complicated point systems. Apart from its convenience and simplistic rewards system, credit cards with cashback can help you save money, cover some of your expenses, and even build a good credit history. Cashback credit cards in the Philippines vary not only in their rebate rates but also the ways to earn and redeem some cash back. Best Credit Cards with Cashback in PH BPI Amore Visa Cashback…

Read More

7 Reasons to Get a Credit Card in the New Normal

The COVID-19 pandemic has forced everyone to change how they manage their finances. Digital banks became a trend, mobile wallets became a necessity, and personal loans became a commodity. But one financial product you shouldn’t ignore in the new normal is the trusty credit card. That’s right, you should apply for a credit card now. It might sound unnecessary at first, but credit cards are as essential as any other financial product right about now. Here are some of the compelling reasons why. Table of ContentsWhy You Should Apply for a Credit Card NowSave Money on Grocery ShoppingMake Online Shopping SaferSave Money on Fuel Price HikesPractice Contactless PaymentBuild a Good Credit HistoryTake Advantage of Welcome GiftsEarn More Air Miles QuickFinal Thoughts Why You Should Apply for a Credit Card Now Save Money on Grocery Shopping Grocery shopping has become a sport in today’s new normal. Gone are the days when you can leisurely shop for groceries whenever you want. You need to schedule it (preferably once a week), prioritize the essentials, and shop faster to avoid the long lines. More importantly, you need to score the most savings if you want to keep up with the price hike on goods. That’s why you need to apply for a credit card now. Apply for rewards or cash back credit cards if you spend at least PHP 5,000 a week on groceries. Not only will you save money, you will also maximize your spending, courtesy of all the rewards points you can receive in a single grocery run. Buy essentials, save money,…

Read More

20 Terms You Should Know to Save Money on Credit Card Charges

The convenience of a credit card makes for a more carefree shopping experience. Combined with the surge of online shops, making a purchase has become almost effortless. However, aside from the amount you would need to pay for your purchase, you may have to pay extra credit card fees. Before using your card, you should learn more about its technicalities. Here are some terms you should know that can help you save on credit card charges: Table of ContentsCredit Card Terms You Should Know to Help You Save Money on Credit Card Charges1. Annual fees2. Annual percentage rate (APR)3. Attorney’s fees and liquidated damages4. Balance transfer fee5. Cash advance fee6. Certification fees7. Credit limit8. Due date9. Finance charges10. Gambling and gaming fee11. Grace period12. Installment pre-termination fees13. Late payment fee14. Minimum amount due15. Overlimit fee16. Payment processing or multiple payment fee17. Refund fee18. Returned check fees19. Revolving balance20. Service fee for foreign currency transactionsFinal Thoughts Credit Card Terms You Should Know to Help You Save Money on Credit Card Charges 1. Annual fees This charge is the amount you pay every year to keep your credit card account open. Annual fees can range from PHP 1,200 to PHP 5,000, depending on your bank. It is usually a one-time credit card charge during a certain month of the year. For example, your bank can charge your annual fee on the date that you got approved for your credit card. If you have been a loyal customer and have a history of paying the full balance month after month, you may be…

Read More

My Credit Card Application Was Denied. What Should I Do?

Received a denied credit card application? It’s natural to be disappointed and paranoid—what if you’re rejected again on your next credit card application? But you don’t have to wallow in despair. Just because you’re rejected for a credit card doesn’t mean you can’t be approved in the future. You can take steps to ensure that your next attempt at getting a credit card will be successful. Here’s what you can do on how to get approved for a credit card. Table of ContentsWhat to Do When You Received a Denied Credit Card ApplicationCheck Your Credit Card Application StatusFind Out Why You’re Rejected for a Credit CardWait At Least Three Months to ReapplyCheck Your Credit Report and Improve Your Credit ScoreApply for the Right Credit CardGet a Secured Credit Card or a Prepaid CardFinal Thoughts What to Do When You Received a Denied Credit Card Application Check Your Credit Card Application Status After you’ve applied for a credit card, the bank will contact you after one to three weeks about its status. However, in some cases, banks take longer than usual to process a credit card application, leaving applicants uncertain about whether they’re approved or have a denied credit card application. If you aren’t sure if your credit card application is declined, you can check its status by calling the bank or making an online inquiry. Here’s how to check the status of a credit card application with some of the major issuers in the Philippines. BDO Credit Card Application Status Inquiry To know your card application status with BDO, simply…

Read More

4 Tips on How to Increase Your Credit Card Limit (and How to Request per Bank)

Asking the bank to raise your credit limit isn’t always a bad move—unless your only intention is to splurge on things you can’t afford. A credit card limit increase boosts your spending power, which is extremely helpful in preparing for the unexpected, like a financial emergency or a crisis like the current COVID-19 pandemic. It helps you cover your needs without having to worry about maxing out your card. With an increased credit limit, you can also meet your family’s growing needs. When you add supplementary credit cards to your account, you share just one credit line with all cards under your name. So getting a credit card limit increase makes sense in this situation. Table of ContentsHow to Increase Credit Card LimitAUB Credit CardBDO Credit CardBPI Credit CardCiti Credit CardEastWest Bank Credit CardHSBC Credit CardMaybank Credit CardMetrobank Credit CardPNB Credit CardRCBC Credit CardSecurity Bank Credit Card4 Tips to Improve Your Chance of Getting Approved for a Credit Limit Increase1. Don’t Ask Too Soon2. Make Sure You’re Creditworthy3. Explain Why You Deserve a Credit Card Limit Increase4. Don’t Ask for Too MuchFinal Thoughts How to Increase Credit Card Limit There are two ways to get a higher credit card limit in the Philippines. Either you wait for the bank to automatically increase your credit limit, or you apply for a credit limit increase through the bank’s customer service representative. If you choose the second option, be prepared to submit income documents to prove that you have sufficient income to pay for a higher monthly credit card bill. Here’s how to…

Read More