HSBC Credit Card Application: A Guide for First Timers
- By Venus Zoleta
- July 8, 2020
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…
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Credit Card Promos for Online Shopping and Dining in 2020
- By Venus Zoleta
- July 2, 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…
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Moneymax Reviews: Keeping it Simple with a Citi Simplicity Card
- By Ricky Publico
- July 1, 2020
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…
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8 Best Credit Cards for Online Shopping in the Philippines
- By Ricky Publico
- June 25, 2020
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…
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Moneymax Reviews: How Rewarding Is a Citi Rewards Card?
- By Ricky Publico
- June 17, 2020
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…
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Swipe and Save: 10 Credit Cards with No Interest in the Philippines
- By Moneymax
- June 11, 2020
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…
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Best Cashback Credit Cards to Help You Save Money on Every Swipe
- By Moneymax
- June 10, 2020
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…
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7 Reasons to Get a Credit Card in the New Normal
- By Ricky Publico
- June 3, 2020
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,…
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20 Terms You Should Know to Save Money on Credit Card Charges
- By Moneymax
- May 26, 2020
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…
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My Credit Card Application Was Denied. What Should I Do?
- By Venus Zoleta
- May 11, 2020
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…
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4 Tips on How to Increase Your Credit Card Limit (and How to Request per Bank)
- By Venus Zoleta
- April 22, 2020
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…
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Citi Credit Card Application: An Easy 5-Step Guide
- By Venus Zoleta
- March 18, 2020
Citibank is known for its fast credit card approval and delivery time. It takes only one to two weeks to get approved for a Citibank credit card online and a few days to receive your new card. In contrast, other banks make you wait for a month or longer to process your application, and another one to two weeks to deliver the card. Citibank also has one of the easiest credit card application systems in the Philippines. You can do a walk-in application at a Citibank branch or deal with a credit card agent. However, the simplest and most convenient way to apply for a Citibank credit card is by doing it online. Table of ContentsHere are the steps to a Citi credit card application online.1. Ensure you’re eligible for a Citi credit card2. Prepare the required documents3. Choose the right Citibank credit card for you4. Fill out the online Citi credit card application form5. Submit your supporting documentsFinal Thoughts Here are the steps to a Citi credit card application online. 1. Ensure you’re eligible for a Citi credit card You can apply for a Citi credit card if you meet these minimum requirements: Age 21 or older An annual income of at least PHP 180,000 for existing cardholders or at least PHP 250,000 for first-time credit card applicants An active landline or mobile phone number A valid TIN or SSS/GSIS number Citibank will accept your Citi credit card application even if you don’t have a deposit account with the bank. 2. Prepare the required documents Only a valid government…
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11 Credit Cards for Women in the Philippines 2020
- By Venus Zoleta
- March 11, 2020
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 like self-care? 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 2020For the Practical Tita: Citi Cash Back CardCiti Cash Back BenefitsFor the Frequent Shopper: HSBC Red MastercardHSBC Red Mastercard BenefitsFor the Mom on a Budget: AUB Classic MastercardAUB Classic Mastercard BenefitsFor the Pampering Enthusiast: Metrobank Femme VisaMetrobank Femme Visa BenefitsFor the Health-Conscious Woman: Mercury Drug Citi CardMercury Drug Citi Card BenefitsFor the Foodie: HSBC Gold Visa Cash BackHSBC Gold Visa Cash Back BenefitsFor the Solo Female Traveler: UnionBank Miles+ Platinum VisaUnionBank Miles+ Platinum Visa BenefitsFor the Free-Spirited Millennial: RCBC Bankard Flex VisaRCBC Bankard Flex Visa BenefitsFor the Online Shopaholic: BPI eCreditBPI eCredit BenefitsFor the Female Entrepreneur: UnionBank Corporate VisaUnionBank Corporate Visa BenefitsFor the Lady Boss: Citi Prestige CardCiti Prestige Card BenefitsFinal Thoughts Best Credit Cards for Women in 2020 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[1] offers the highest rebate…
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8 Credit Cards with Easy Application Requirements
- By Mayee Gonzales
- March 4, 2020
What’s keeping many Filipinos from getting a credit card? One of the top three reasons for not having a credit card is the approval process. This finding is hardly surprising since most banks in the Philippines take a month or longer to process credit card applications. It can certainly be frustrating for someone to wait for approval. However, there are a few credit cards with easy application requirements and approval process. For example, secured credit cards and regular credit cards with low income requirement don’t require a deposit account with the bank. Some cards also don’t require proof of income for existing cardholders. Read more: How to Apply for a Credit Card: What Beginners Need to Know If you’re looking for credit cards with easy application requirements and approval process, here are your best options: Table of Contents1. Citi Simplicity+Monthly income requirement:Annual fee: No annual fee for lifeInterest rate: 3.50%Citi Simplicity+ application requirements:2. HSBC Red MastercardMonthly income requirement: PHP 17,000Annual fee: No annual fee on the first year (No annual fee for life if you apply until June 30, 2020)Interest rate: 3.50%HSBC Red Mastercard application requirements:3. EastWest Practical MastercardMonthly income requirement: PHP 10,000Annual fee: PHP 1,400 (free for the first year for new EastWest credit cardholders)Interest rates:EastWest Practical Mastercard application requirements:4. Security Bank Classic Rewards MastercardMonthly income requirement: PHP 15,000Annual fee: PHP 2,000Interest rate: 3.50%Security Bank Classic Rewards Mastercard application requirements:5. PNB Visa ClassicMonthly income requirement: PHP 10,000Annual fee: PHP 300 (free for the first year)Interest rate: 3.25%PNB Visa Classsic application requirements:6. BPI Family Savings Credit CardMonthly income requirement: PHP 15,000Annual fee: PHP 1,000 (PHP 1,350 starting March 1, 2019; free for the first year)Interest rate: 2% (3%…
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Should You Get a Supplementary Credit Card or Your Own Credit Card?
- By Venus Zoleta
- February 26, 2020
You’re probably exploring your options for your first credit card, and you’ve heard that a sure-fire way to get approved is to apply for a supplementary credit card. While getting a supplementary card seems the easier route to meeting your adulting goals or becoming financially independent, you have to think about whether this is the right option for you. Read this guide about supplementary credit cards in the Philippines first before you decide on getting one. Table of ContentsWhat is a Supplementary Credit Card?How Does a Supplementary Credit Card Work?Supplementary Credit Card FeaturesWhat’s the Difference of a Supplementary Card vs Credit Card?1. Simpler Supplementary Card Application Requirements and Process2. Low Supplementary Card Annual Fees3. No Rewards Points Redemption for Supplementary CardholdersWho Should Get a Supplementary Credit Card?Supplementary Credit Card Options in the PhilippinesAUB Supplementary CardBDO Supplementary CardBPI Supplementary CardCitibank Supplementary CardEastWest Bank Supplementary CardHSBC Supplementary CardMaybank Supplementary CardMetrobank Supplementary CardRCBC Bankard Supplementary CardSecurity Bank Supplementary CardUnionBank Supplementary CardHow to Apply for a Supplementary Credit Card in the Philippines1. Prepare the Supplementary Credit Card Requirements2. File Your Supplementary Credit Card ApplicationFinal Thoughts What is a Supplementary Credit Card? A supplementary credit card is a secondary card issued under a credit card account that the principal or primary cardholder can give to a family member (child, spouse, sibling, or parent), partner, or trusted friend. Supplementary cards allow principal cardholders to extend their credit card benefits to their loved ones who are not qualified for a credit card due to age, lack of stable income, or poor/no credit history. Related: No Income Documents?…
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10 Credit Cards for First-Time Applicants in the Philippines
- By Venus Zoleta
- February 5, 2020
Thinking of applying for a credit card? One of the first things you should know is that credit card companies will look at your credit history. Banks are after low-risk, consistent payers. Having a credit history shows that you can responsibly use your credit card and not go over your credit limit. This is good for banks but difficult for those who are looking for credit cards for first-timers. If you’re a fresh graduate starting your first job, you may have difficulty getting approved for a credit card, more so if you don’t have any billing statements proving your capacity to pay. Don’t let the stringent process for credit card approval dishearten you. As long as you find out the credit card that you’re most qualified for and suits your needs best, you’ll go along just fine. Table of ContentsFeatures to Look For in a Credit Card for First-TimersTop Credit Cards for First-Timers in the PhilippinesCREDIT CARDS FOR FIRST-TIMERSFEATURES & BENEFITSKnow more about the top credit cards for first-timers in our in-depth feature below.1. Citi Simplicity+2. Metrobank M Free Mastercard3. AUB Easy Mastercard4. PNB Classic Visa5. EastWest Practical Mastercard6. BPI Family Savings Credit Card7. RCBC Bankard Flex Visa8. BDO ShopMore Mastercard9. Security Bank Classic Rewards Mastercard10. UnionBank Classic VisaFinal Thoughts Features to Look For in a Credit Card for First-Timers To trim down your options and save the most money, here are the things to prioritize when choosing the best credit card for first-timers in the Philippines. Low annual fee – Consider only cards with annual fees not exceeding PHP 2,000….
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How to Apply for a Credit Card: What Beginners Need to Know
- By Venus Zoleta
- January 29, 2020
Is getting your first credit card a part of your #adulting goals? That plastic card can be a great tool for building your credit history and managing your finances as a young professional. But don’t dive into it yet without doing your homework. Know what it takes to get the right credit card for the first time. Here’s a simple credit card guide for beginners on how to apply for a credit card in the Philippines. Table of ContentsGetting Your First Card: How to Apply for a Credit Card1. Check If You’re Qualified2. Choose Your First Credit Card3. Prepare the Required Documents4. Apply for a Credit CardWhat to Do If Your First Credit Card Application Got DeclinedHow to Use Your First Credit Card ResponsiblyWhat to Do with Your New Credit CardReminders on Managing Your First Credit CardFinal Thoughts Getting Your First Card: How to Apply for a Credit Card 1. Check If You’re Qualified A credit card application is like a typical job application that requires applicants to meet certain minimum qualifications so that they’re eligible to apply. Banks impose minimum requirements on age, income, employment/business operation status, and others for credit card applicants. Minimum Eligibility Requirements for First-Time Credit Card Application Here are the common eligibility requirements for first-time credit card applications: Age – At least 21 up to 65-70 years old Citizenship – Filipino (for most banks) and foreigners living in the Philippines for the past two years (for banks like BDO) Gross annual income – At least PHP 120,000 to PHP 252,000 (for basic credit cards) Contact number –…
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20 Best Credit Cards You Need to Have in 2020
- By Venus Zoleta
- January 8, 2020
It’s the start of a new year again. If getting your finances in order is among your resolutions for 2020, then one of the things you need to do is to find the best credit card for your needs. With the right choice and responsible use, a credit card can be a helpful tool in financial management. Here are the best credit cards in the Philippines for different categories this 2020. Table of ContentsBest Credit Cards in the Philippines for Beginners and Low Income-EarnersCiti Simplicity+AUB Classic MastercardMetrobank M Free MastercardPNB Classic VisaBest Rewards Credit Cards in the PhilippinesHSBC Red MastercardCiti Rewards CardMetrobank Titanium MastercardBest Cashback Credit Cards in the PhilippinesCiti Cash Back VisaSecurity Bank Complete Cashback MastercardUnionBank Platinum MastercardBest Credit Cards in the Philippines for TravelAirAsia Credit CardHSBC Platinum VisaRCBC Bankard Visa PlatinumMetrobank Travel Platinum VisaBest Credit Cards in the Philippines for Fuel Purchases and Auto ServicesShell Citi CardToyota MastercardHyundai MastercardBest Credit Cards in the Philippines for DiningHSBC Gold Visa Cash BackBPI Amore VisaRCBC Bankard LJC MastercardFinal Thoughts Best Credit Cards in the Philippines for Beginners and Low Income-Earners Citi Simplicity+ Annual fee: No annual fee for life Interest rate: 3.50% Minimum monthly income requirement: For starters: PHP 20,833.33 For existing cardholders: PHP 15,000 Other eligibility requirements: 21 years old and above Active landline or mobile number Valid TIN, SSS, GSIS, or UMID number Citibank makes owning a credit card simple for first-timers through the Simplicity+ card. This beginner-friendly card doesn’t charge annual fees, late payment fees, and overlimit fees. AUB Classic Mastercard Annual fee: No annual fee for life Interest…
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16 Co-Branded Credit Cards That Can Help You Save Money
- By Venus Zoleta
- December 18, 2019
Co-branded credit cards are ideal for customers who are loyal to a particular mall, retailer, airline, oil company, auto dealership, restaurant, or brand. These cards come with attractive discounts, rebates, rewards, freebies, and other exclusive perks. The best co-branded credit cards help loyal customers save money on their credit card spending. Signing up for a co-branded card? Consider these best co-branded credit cards in the Philippines for shopping, travel, fuel, and car expenses, and dining. Table of ContentsBest Co-Branded Credit Cards for ShoppingMercury Drug Citi CardBPI-Ayala Malls Amore VisaUnionBank The North Face VisaBest Co-Branded Credit Cards for TravelAirAsia Credit CardCebu Pacific GetGo PlatinumCebu Pacific GetGoPNB – PAL Mabuhay Miles World MastercardCiti Grab CardPNB – The Travel Club Platinum MastercardBest Co-Branded Credit Cards for Fuel and Car ExpensesShell Citi CardToyota MastercardHyundai MasterCardPhoenix RCBC Bankard MastercardBest Co-Branded Credit Cards for DiningBurgoo Visa CardLJC – RCBC Bankard MastercardRacks Visa CardFinal Thoughts Best Co-Branded Credit Cards for Shopping Mercury Drug Citi Card Annual Fee: PHP 2,000 Interest Rate: 3.50% Minimum monthly income requirement: For existing cardholders: PHP 15,000 For first-time cardholders: PHP 20,833.33 Rewards: 1 point per PHP 200 spend anywhere (except for drugstores other than Mercury Drug) 5x points on up to PHP 320,000 spend in Mercury Drug per month 3x points on health, beauty, and wellness spend in salons, spas, gyms, clinics, and all hospitals 3x points on foreign currency spend Freebies: Free 5,000 cash credits (credited as 5,000 points)[1] Free 24/7 ambulance service worth PHP 10,000 within Metro Manila once a year Read More: 9 Online Drugstores in the Philippines for Medicine…
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Best Rewards Credit Cards in the Philippines
- By Venus Zoleta
- December 11, 2019
Earning and redeeming rewards for purchases is undeniably the most exciting part of using a credit card. Who doesn’t want to get rewarded and save money while spending? It’s most likely the reason you’re considering to apply for a rewards credit card. But what are rewards credit cards, really? Are they worth it? This guide answers these questions and lists down the top credit cards with rewards points in the Philippines. Check them out! Table of ContentsBest Rewards Credit Cards in the PhilippinesHSBC Red MastercardCiti Rewards CardMetrobank Femme Signature VisaMetrobank Titanium MastercardMetrobank Rewards Plus VisaAUB Easy or Classic MastercardSecurity Bank Classic Rewards MastercardMaybank Standard MastercardWhat are Rewards Credit Cards?How Do Credit Cards with Rewards Work?How to Earn Rewards PointsHow to Redeem Rewards PointsShould You Get a Rewards Credit Card?Final Thoughts Best Rewards Credit Cards in the Philippines Here are the best credit cards with rewards based on how quick cardholders can earn points and how affordable it is to own a card (i.e., low or no annual fees). Remember that the best rewards credit card for you will still depend on your lifestyle, spending habits, and preferred rewards and extra perks, among other factors. HSBC Red Mastercard Rewards Rate: 4 bonus points per PHP 20 spend on online, shopping, dining, and overseas transactions HSBC’s Accelerated Rewards program is among those that offer the most generous credit card rewards. Every PHP 20 charged to the HSBC Red Mastercard on a wide range of spending categories earns not just 1 but 4 bonus points. Bonus points collected through the use of the…
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