11 Credit Card Christmas Promotion Offers for Your Holiday Dining and Shopping
- By Venus Zoleta
- December 10, 2020
The holiday season in the Philippines is all about celebrations, bonding activities, and gift-giving with family and friends—before and even in the new normal. It also means more expenses! But you can ease up your budget by taking advantage of credit card Christmas promo offers. Your issuing bank may just have the perfect credit card promo for you. Here’s a round-up of the most exciting credit card Christmas promotion offers for December 2020 and beyond. Table of ContentsWIN Apple AirPods + Free P2,000 GCashWelcome Gifts for New Cardholders1. Up to P7,000 GrabPay Credits and Grab Vouchers2. Up to P4,000 Vouchers from Datablitz or Power Mac CenterCredit Card Christmas Promo Offers for Dining1. Free Dining or 30% Off at HEAT2. 15% Off at Flavors Restaurant3. Citi Yellow Cab Promo Offers4. P100 Off Your GrabFood OrderCredit Card Christmas Promo Offers for Shopping1. Up to 30% Off at Shipping Cart2. Lazada 12.12 Christmas Sale Credit Card Promo Offers3. Free Treats from Yellow Cab or Krispy Kreme4. Up to 18% Off at ZALORA5. P3,000 Cash Back from BPIFinal Thoughts WIN Apple AirPods + Free P2,000 GCash The holidays just got exciting at Moneymax! Apply and get approved for any Citibank credit card on the Moneymax website and get a chance to win Apple AirPods. 20 Apple AirPods will be given away while every successful Citi credit card application will receive GCash worth PHP 2,000. Promo runs from December 7 to December 31, 2020. Choose the right Citi credit card for you below: CITI CREDIT CARD FEATURES & BENEFITS CITI SIMPLICITY+ Monthly income requirement: PHP 20,833…
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Earning Below P20,000? Consider These Credit Cards for Low Income Earners
- By Venus Zoleta
- December 8, 2020
Can you really get a credit card even with a low salary? Yes, you can! Don’t lose hope because there is a credit card for low income earners in the Philippines. Whoever says that only people with high-paying jobs can qualify for a credit card is mistaken. That’s a common credit card myth that has to be debunked. Table of ContentsWhat is a Credit Card for Low Income Earners?15 Credit Cards for Low Income Earners in the Philippines1. PNB Visa Classic2. PNB Visa Gold 3. EastWest Practical Mastercard4. Citi Simplicity+5. BPI eCredit6. PSBank Credit Mastercard7. Metrobank M Free Mastercard8. Metrobank ON Internet Mastercard9. BPI Family Credit Card10. LJC-RCBC Bankard Mastercard11. BDO ShopMore Mastercard12. BDO Standard Mastercard13. RCBC Bankard Classic14. HSBC Red Mastercard15. HSBC Gold Visa Cash BackFinal Thoughts What is a Credit Card for Low Income Earners? While a higher income raises one’s chance of getting approved for a credit card, it doesn’t mean low income earners in the Philippines can’t get a credit card. In fact, around 20 credit cards are within reach of employees with a modest monthly salary. Typically, a credit card for low income earners has the following features: Low annual income requirement (ranging from PHP 120,000 to PHP 180,000) – This means people earning from PHP 10,000 to PHP 15,000 may qualify for a credit card. Zero to low annual fee – Some low-income credit cards have no annual fee for life. Others have a low annual fee that’s waived for the first year. Low-interest rate – Some credit cards for people with low salary have an…
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Metrobank Direct Online: Everything You Need to Know
- By Moneymax
- November 30, 2020
Metrobank, the second largest bank in the Philippines, continues to innovate their banking services by introducing Metrobank Direct, their very own online banking facility[1] If you’re a Metrobank account holder who wants to do banking transactions online, it’s best to know what to expect from their electronic services. Find out more with this helpful guide. Table of ContentsMetrobank Direct EnrollmentWho Can Enroll?How is the Enrollment Experience?What Enrollment Issues Might Happen?Metrobank Direct Online Banking ServicesNotable Online Banking Features4. Account PersonalizationMetrobank Direct Online Security1. Website Encryption2. User Authentication3. Alerts and Notifications4. Automatic LogoutReported Security Threats1. Email Phishing and Fake Login Website2. Unauthorized Transactions3. “Palit SIM” ScamFinal Thoughts Metrobank Direct Enrollment Who Can Enroll? According to the bank’s FAQ section, customers with ATM, debit, credit, and prepaid cards can register online. However, on the Metrobank Direct enrollment page, the only account option available is the ATM card. This means you can’t proceed with Metrobank online banking registration if your account doesn’t have an ATM card. In that case, proceed to any Metrobank branch to enroll your non-ATM deposit account. How is the Enrollment Experience? You can complete your Metrobank Direct application in one sitting without having to go to an ATM to activate your account. This makes it the easiest online banking enrollment process compared to BDO and BPI, which require an ATM activation before you can start. To activate your Metrobank Direct online account, just enter a one-time password (OTP), which is sent to your registered mobile number in the activation email link. Metrobank will let you know if your enrollment is…
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12 Exciting RCBC Credit Card Promos to Welcome 2021
- By Ricky Publico
- November 19, 2020
Whether you’re a new or long-time RCBC credit cardholder, you are guaranteed access to exciting RCBC credit card promos all year round. These exclusive deals offer great bang for the buck, so why not snag them every chance you get? These promos are all up for grabs right before 2020 ends and way beyond 2021. Don’t waste time browsing the entire internet searching for the best offers. We picked the best RCBC credit card promos so you don’t have to. Table of ContentsRCBC Credit Card Promos on Dining30% Off on All Food Items at Pookaberry Café15% Off on Take-Home and Delivery Options at Hilton Manila10% Off on All Food Items at The Black Pig10% Off at Brothers Burger10% Off at The Dairy Grind5% Off on All Packages at Ketoliving PH5% Off at Illo’s Party TraysRCBC Credit Card Promos on ShoppingUp to 60% Off on Select Items at Shop TVUp to 40% Off on Select Items at OgawaUp to 30% Off at Balthazar ShoesUp to 15% Off on All Items at GarminPHP 250 Off at Forever21Final Thoughts RCBC Credit Card Promos on Dining 30% Off on All Food Items at Pookaberry Café Eligible cards: All RCBC credit cards Promo period: February 24, 2020 to December 31, 2020 Tired of the usual coffee shops near you? Head to Pookaberry Café in Quezon City and experience trendy meals and fun desserts. Use your RCBC credit card to order a minimum of PHP 2,000 and get 30% off. Plus, enjoy a buy 1 take 1 promo on their specialty drinks. 15% Off on Take-Home and Delivery Options…
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Credit Card vs Debit Card: Which Card Should I Use?
- By Venus Zoleta
- November 17, 2020
Credit card vs debit card, which is the right card to use? Each time you open your wallet to pay for a purchase, you face this dilemma when you don’t want to pay in cash. You then ask yourself “Should I pay with my credit card or debit card?” Choosing between a credit card and a debit card can be rather confusing. These two plastic cards look almost the same, and both are swiped or tapped on a point-of-sale (POS) terminal. But using a particular card in certain situations makes a huge difference in your finances. Keep reading to know the difference between debit and credit card and when is the smarter choice to use one. Table of ContentsWhat’s the Difference Between Debit and Credit Card?Credit Card vs Debit Card: Best Uses of a Credit Card1. Paying for Big-Ticket Purchases in Installments2. Online Shopping3. Travel-Related Bookings4. Paying for Bills and Other Recurring Charges5. Getting Rewards and Promos6. Building a Good Credit HistoryDebit Card vs Credit Card: Best Uses of a Debit Card1. Everyday Purchases2. Withdrawing Cash3. Controlling Bad Spending HabitsFinal Thoughts What’s the Difference Between Debit and Credit Card? The key difference between a credit card and debit card lies on where the money used for payment is taken from. Using a credit card means borrowing money up to a certain amount from your issuing bank to pay for your purchase. The total amount you can spend with your card per month depends on your credit limit. And since you’re borrowing from the bank, you’re expected to pay back what you…
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When is the Right Time to Get a Credit Card?
- By Ricky Publico
- November 12, 2020
At this point, you probably know what a credit card is. You might also know how to apply for one. It has gotten a lot easier in recent years, actually. And by now, you should know why you need a credit card. The only question is when should you get a credit card? Because you can always apply for one anytime you want, but you won’t always get one or you won’t need one at the moment. So when’s the best time to get a credit card? Luckily, you have lots of opportunities to choose from. Check out your options below. Table of ContentsWhen You Have Carded ParentsWhen You Get Your First JobWhen You’re Trying to Apply for a LoanWhen You’re Planning to TravelWhen You Have a Tight BudgetWhen You’re Starting a BusinessFinal Thoughts When You Have Carded Parents Believe it or not, you can get a credit card even if you’re under 18 years old. How? By asking your carded parents to get you a supplementary credit card. Owning a supplementary card is the best way to start learning about credit at an early age. Your parents can even help you become a more responsible cardholder in the future, aside from paying the credit card bill. When You Get Your First Job Now that you’re part of the workforce, it’s best to get started with your credit card journey. You’ll definitely need to build a credit history as early as now. A 2019 report from Experian[1] found that 4% of American millennials already achieved perfect credit scores, which means…
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21 Exciting Security Bank Credit Card Promos You Shouldn’t Miss
- By Ricky Publico
- November 5, 2020
We’re almost at the end of a very long 2020. It’s safe to say that you deserve to treat yourself for surviving yet another grueling year of hardships and triumphs. But don’t splurge on your savings just yet. Why not check out these Security Bank credit card promo offers? That’s right, if you’re a Security Bank credit cardholder, you still have a lot of promos to take advantage of before the year ends. So sit back and start planning your dinner dates and shopping sprees with these exciting offers. Table of ContentsSecurity Bank Credit Card Promo Offers for Dining40% Off on Your Total Bill at Swagat Indian Cuisine20% Off on Ala Carte Dishes at F1 Hotel10% Off on Total Bill at Ramenikko15% Off on Select Items at The Holy Gyu15% Off at Southern Grind Bistro15% Off at Ketos of ManilaPHP 300 Off at CakeRushSecurity Bank Credit Card Promo Offers for Shopping25% Off on All Items at Zalora20% Off on All Items at Trini Active10% Off on All Items at Quirks Novelties & Curiosities20% Off on All Items at Paraiba15% Off at FlexiSpot PH18% Off on All Built Bikes at Bikecology5% Off on Online purchases at Fully BookedPHP 500 Off at PounditPHP 150 Off at MayaniSecurity Credit Card Promo Offers for LifestylePHP 200 Off on COVID-19 Rapid Testing at Patient First Medical Center20% Off on Select Services at M Barbers25% Off on Services at Centro Estetico50% Off on Published Learning Fees at Ask Lex PH Academy40% Off on Website Design at Vertex VisionFinal Thoughts Security Bank Credit Card Promo Offers for…
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Beginner’s Handy Guide to BPI Credit Card Application Online
- By Mayee Gonzales
- November 3, 2020
Thinking of applying for a BPI credit card? You’re in luck because you can conveniently apply for a BPI credit card online. That’s right! No need to go outside to submit a BPI credit card application. As long as you have all the required documents ready, the entire credit card application can be completed in just a matter of minutes. Learn how in our step-by-step guide. Table of ContentsBPI Credit Card Application: How to Apply for a BPI Credit Card Online1. Check your eligibility2. Review the BPI credit card requirements3. Pick a BPI credit card that suits your budget and lifestyle4. Fill out the BPI application form online5. Prepare and submit your BPI credit card requirements6. Find out your BPI application statusFAQs on BPI Credit Card ApplicationWhat is the BPI credit card application processing time?How to activate my BPI credit card?I have other concerns. How do I contact a BPI customer representative?Final Thoughts BPI Credit Card Application: How to Apply for a BPI Credit Card Online 1. Check your eligibility Before submitting an application, make sure that you are eligible for a BPI credit card. Below is BPI’s eligibility criteria for credit card applications: At least 21 years old Must be a Philippine resident or Filipino citizen Earning at least PHP 180,000 per annum Must have a business or residence contact number Your home or business address must be within a 30km. radius of a BPI or BPI Family Bank branch or Provincial Business Center 2. Review the BPI credit card requirements Have the following documents ready before submitting your…
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Exciting BPI Credit Card Promos to Check Out in 2020
- By Ricky Publico
- October 29, 2020
2020 is about to be over—this means you only have about two months left to enjoy your credit card promo this year. Take advantage of owning your BPI credit card by availing of these exclusive deals tailored exclusively for you. Table of ContentsBPI Credit Card Promo Offers for Dining50% Off on Signature Dishes at Makati Shangri-LaUp to 50% Off at the Shang Palace in Makati Shangri-LaUp to 50% Off on the All-You-Can-Eat Offer at Circles Event Café15% off at Flavors in Holiday Inn & Suites MakatiBPI Credit Card Promo Offers for Shopping12% Off on Your First Purchase at Shopee18% Off on Your Purchase at ZaloraUp to 20% Off at Florsheim, Naturalizer, and TOMSPHP 280 Off at Ellana Cosmetics30% Off at The Bamboo CompanyBPI Credit Card Promo Offers for LifestyleUp to 30% Off on Shipping Expenses at ShippingCart50% Off on Auto Services at Car DoctorFinal Thoughts BPI Credit Card Promo Offers for Dining 50% Off on Signature Dishes at Makati Shangri-La Eligible cards: BPI Visa Signature Card Promo period: Now until November 30, 2020 Feeling a little bit fancy? Upgrade your dining experience without spending too much by using your BPI Visa Signature Card at Makati Shangri-La restaurants. Get 50% off on their signature dishes and treat yourself and your loved ones to a special dinner date. Up to 50% Off at the Shang Palace in Makati Shangri-La Eligible cards: BPI Visa Signature Card, Amore Visa Platinum, SkyMiles Platinum Mastercard, and Gold Mastercard Promo period: September 1, 2020 to November 30, 2020 The special dining deals at Makati Shangri-La doesn’t end there because your BPI credit card…
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Credit Card Interest Rate Cap and Other Updated Fees in 2020
- By Venus Zoleta
- October 28, 2020
Now here’s a great reason for you to get a credit card. Banks will soon start charging lower credit card interest rates and other fees. This comes after the Bangko Sentral ng Pilipinas (BSP) imposed limits on credit card charges in keeping with its all-time low policy rate[1] amid the COVID-19 crisis. Coupled with the 60-day moratorium on loan payments under the Bayanihan to Recover As One Act, the cap on credit card interest rates and fees will give Filipinos reprieve from financial difficulties during the pandemic. If you’re an existing cardholder, it’s a good opportunity to pay down your credit card debt. Whether you are applying for a new credit card or currently have one, here’s what you should know about the newly imposed restrictions on credit card interest rates in the Philippines. Table of ContentsWhat is the Cap on Credit Card Interest Rates and Fees?2% Credit Card Interest Rate Cap1% Credit Card Installment Rate CapP200 Credit Card Cash Advance Fee CapUpdated Credit Card Interest Rate PhilippinesBPI Credit Card Fees 2020Metrobank Credit Card Fees 2020Security Bank Credit Card Fees 2020 to 2021China Bank Credit Card Fees 2020UnionBank Credit Card Fees 2020EastWest Credit Card Fees 2020 to 2021Citibank Credit Card Fees 2020 to 2021HSBC Credit Card Fees 2020Maybank Credit Card Fees 2020Bank of Commerce Credit Card Fees 2020Final Thoughts What is the Cap on Credit Card Interest Rates and Fees? The BSP has issued Circular No. 1098[2] that sets the maximum credit card interest rates and fees in the Philippines. All BSP-regulated banks are mandated to implement the new rates starting November…
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Moneymax Reviews: Grab More Rewards with Citi Grab Credit Card
- By Ricky Publico
- October 22, 2020
Do you use any one of Grab’s booking services on a daily basis? Then you’ll love this week’s edition of Moneymax Reviews. We’re putting Grab’s official co-branded credit card under the microscope in this Citi Grab Credit Card review. Can this credit card live up to the expectations of Grab enthusiasts? From exciting rewards to generous welcome gifts, Citi Grab Credit Card promises to be a reward-heavy credit card even non-Grab users will appreciate. Learn more about it in our in-depth review. Table of ContentsCiti Grab Credit Card Key FeaturesWhy Should I Grab the Citi Grab Credit Card?50 GrabReward Points Upon ApplicationGrab Platinum Tier Upgrade for 6 MonthsPHP 5,000 GrabPay Credits for New CardholdersPHP 2,000 Worth of Grab Vouchers for New CardholdersEarn Up to 10x Citi Points for Every PurchaseWhat Perks Can I Get with My Citi Grab Credit Card?Citi World PrivilegesCiti Mobile AppCiti Grab Credit Card AlternativesFinal Thoughts Citi Grab Credit Card Key Features Annual fee: PHP 2,500 Interest rate: 2.00% Minimum monthly income requirement: PHP 20,883 Cash advance fee: PHP 200 per cash advance transaction Late payment fee: PHP 1,500 or the unpaid due, whichever is lower Overlimit fee: PHP 1,500 or the highest overlimit amount, whichever is lower Foreign transaction fee: 3.525% of the converted sum Card replacement fee: PHP 400 Read more: Citi Credit Card Application: An Easy 5-Step Guide Why Should I Grab the Citi Grab Credit Card? The Citi Grab Credit Card is the perfect credit card if Grab services are integral part of your daily life. Whether you’re booking rides, food take-outs, or groceries, this…
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I Lost My Credit Card. What Should I Do?
- By Ricky Publico
- October 15, 2020
Ever lost a wallet before? Imagine losing your valid IDs, spare cash, and your credit card. Out of all the things you’ve lost, your lost credit card has the most potential to bury you in a huge mountain of debt, provided you didn’t handle the situation well. Learn more about the importance of this matter and find out what you can do if you do lose your precious credit card. Table of ContentsI Lost My Credit Card, So What?What Should I Do After Losing My Credit Card?Can I Recover My Lost Credit Card?What Should I Do to Protect My Credit Card? I Lost My Credit Card, So What? Losing your credit card is a serious matter. While it’s true that the credit card itself doesn’t have your money contained with it, a fraudulent user can rack up your debt without your knowledge. Whoever got your lost credit card can basically buy whatever they want at your expense. Ignore this problem and you’ll be greeted with a credit card bill you’ll sell your kidney for. This is because typically, any purchases made using a credit card under your name will be held liable to you. The worst part is that fraudsters don’t even need your physical card to use your credit card. All they need is access to your credit card information like its card number, date of expiry, and the card verification code (CVC) found at the back of your card. Read more: [INFOGRAPHIC] The Anatomy of a Credit Card What Should I Do After Losing My Credit Card? If you…
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Moneymax Reviews: Earn Your Cash Back with HSBC Gold Visa
- By Ricky Publico
- October 8, 2020
Don’t blink because you’ll definitely miss another edition of Moneymax Reviews! This week, we’re taking a look at HSBC’s premium cash back credit card, the HSBC Gold Visa. What can this credit card bring to the table? We’ll find out in this HSBC Gold Visa review. The HSBC Gold Visa Cash Back’s main selling point is the 5% rebate on dining expenses. Does that make HSBC Gold Visa the perfect dining partner? What other perks can it offer? Let’s answer all that and more. Table of ContentsHSBC Gold Visa Cash Back Key FeaturesWhy Should I Get an HSBC Gold Visa Cash Back?What Perks Can I Get with My HSBC Gold Visa?Exclusive Privileges0% Installment PlansCash Installment PlanHSBC AutochargeHSBC Gold Visa Cash Back AlternativesFinal Thoughts HSBC Gold Visa Cash Back Key Features A good HSBC Gold Visa review starts with the basics. Looking at its key features, you’ll see how the HSBC Gold Visa stack up with other credit cards out there. Don’t take it on face value just yet—this card definitely deserves a closer look. Annual fee: PHP 2,500 Interest rate: 3.50% Minimum monthly income requirement: PHP 16,667 Cash advance fee: 3% of the amount borrowed or PHP 500, whichever is higher Late payment fee: PHP 700 or unpaid minimum amount due, whichever is lower Overlimit fee: PHP 500 Foreign transaction fee: 2.5% of the converted sum plus reimbursement of the assessment fee charged by Visa/MasterCard to HSBC equivalent to 1% of the converted sum Card replacement fee: PHP 400 Read More: HSBC Credit Card Application: A Guide for First Timers…
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What Happens If I Max Out My Credit Card?
- By Moneymax
- September 30, 2020
When used responsibly, credit cards can help you manage your finances and fund unexpected expenses such as medical bills or repairs. Some cards even offer rewards, cashback, or miles that will help you maximize the money you’re spending. However, if you can’t keep track of your spending, you may end up with a maxed-out credit card—a card that has used up its credit limit. A maxed out credit card can strain your finances and affect your credit score. Keep on reading to learn more about this and how you can avoid maxing out your card. Table of ContentsWhat is the Meaning of Maxing Out a Credit Card?Is Using Up My Credit Limit Bad?What Happens Next?1. Your credit card becomes unusable2. Your credit score may be affected3. Your minimum payments may become unmanageable4. It may become harder to pay off the balance5. Your card is no longer beneficialFees and Penalties in a Maxed Out Credit CardWhat Should I Do If I Maxed Out My Credit Card? 1. Stop using the card2. Restructure your budget3. Pay off the balance4. Get a credit limit increase7 Tips to Avoid Exceeding Your Credit Limit1. Review your credit card balance regularly2. Pay off your balance as soon as possible3. Curb off the shopping4. Track your budget5. Avoid cash advances6. Be careful with multiple cards7. Avoid emotional purchasesFinal Thoughts What is the Meaning of Maxing Out a Credit Card? A credit card typically comes with a credit limit, the maximum amount you can spend using your card. Ideally, you’ll want to keep your credit card balance below…
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Moneymax Reviews: Is HSBC Platinum Visa the Most Rewarding Travel Credit Card?
- By Venus Zoleta
- September 23, 2020
Welcome to the latest edition of Moneymax Reviews! In our previous HSBC Red Mastercard review, we noted how rewarding this credit card is. While it’s an awesome card overall, you might want your credit card rewards leveled up if, say, you’ll travel a lot when the pandemic is over. Which brings us to an HSBC Platinum Visa review. Among HSBC’s credit card offerings, the Platinum Visa is touted as the “ultimate travel card.” Is this travel rewards card really worth considering? This HSBC Platinum Visa review will find that out and more. Table of ContentsHSBC Platinum Visa Review: Credit Card Key FeaturesWhy Should I Get an HSBC Platinum Visa Credit Card?Enjoy Free FlightsEarn Travel, Shopping, and Dining Rewards FastPay for Big-Ticket Purchases at 0% Interest on Up to 36 Monthly InstallmentsWhat Perks Can I Enjoy with My HSBC Platinum Visa?Travel PrivilegesCaltex Fuel Rebates and RewardsExciting Welcome Gift for New CardholdersHSBC Platinum Visa AlternativesFinal Thoughts HSBC Platinum Visa Review: Credit Card Key Features First, let’s check the basic features to see if you qualify for the HSBC Platinum Visa credit card. Annual fee: PHP 5,000 (free for the first year) Interest rate: 3.50% Minimum monthly income requirement: PHP 41,666.67 Cash advance fee: 3% of the withdrawn amount or PHP 500, whichever is higher Late payment fee: PHP 700 or the unpaid minimum amount due, whichever is lower Overlimit fee: PHP 500 Foreign transaction fee: 2.5% of the converted sum plus 1% assessment fee by Visa Card replacement fee: PHP 400 Why Should I Get an HSBC Platinum Visa Credit Card? Enjoy Free Flights Save on your next flights…
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The Pros and Cons of Credit Card Installment Plans
- By Ricky Publico
- September 22, 2020
Aside from the convenience of swiping and the luxury of perks, one great thing about owning a credit card is availing credit card installment plans. And these payment plans aren’t that hard to find, either. Most banks in the Philippines offer flexible terms, low interest rates, and other special promos to sweeten the deal. But is it really a good idea to avail a credit card installment plan? On paper, it’s a great way to pay for almost anything. But you’ll be surprised how it can also be disadvantageous at times. Here are the pros and cons you need to consider before you avail a credit card installment plan for your next purchase. Table of ContentsPro: Convenient way to buy expensive itemsCon: No rewards for installment purchasesPro: Save your money for other needs or wantsCon: Another monthly payment to worry aboutPro: Earn more money from your purchaseCon: Your financial future is uncertainFinal Thoughts Pro: Convenient way to buy expensive items The concept of “buy now, pay later” will always be enticing, especially for the most budget-conscious out there. This is basically the main draw of availing credit card installment plans. After all, why would you fully pay for something when you can space out the payments monthly? And for big-ticket purchases, it’s almost a no-brainer to divide your payments. And technically, you don’t need a credit card to avail an installment plan[1]. But you’ll need to submit a bunch of requirements and not all stores offer such plans anyway. With a credit card, all it takes is a few swipes…
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Moneymax Reviews: 4x the Fun with HSBC Red Mastercard
- By Ricky Publico
- September 10, 2020
It’s not a bird, it’s not a plane, it’s another edition of Moneymax Reviews! Our exploration of note-worthy credit cards in the Philippines continues with our first entry from HSBC. How well can HSBC’s beginner-friendly credit card fare in this HSBC Red Mastercard review? Let’s find out. Table of ContentsHSBC Red Mastercard Key FeaturesWhy Should I Get an HSBC Red Mastercard?What Perks Can I Enjoy with My HSBC Red Mastercard?HSBC Red Mastercard AlternativesFinal Thoughts HSBC Red Mastercard Key Features Before we go any further, let’s first judge the card by its features. And looking at the list below, it’s easy to see why the HSBC Red Mastercard is a popular choice. Just look at that low annual fee and annual income requirement. Annual fee: PHP 1,500 (free on the first year) Interest rate: 3.50% Minimum monthly income requirement: PHP 16,667 Cash advance fee: 3% of amount or PHP 500, whichever is higher Late payment fee: PHP 700 or unpaid minimum amount due, whichever is lower Overlimit fee: PHP 500 Foreign transaction fee: 2.5% of the converted sum plus reimbursement of the assessment fee charged by Visa/MasterCard to HSBC equivalent to 1% of the converted sum Card replacement fee: PHP 400 Why Should I Get an HSBC Red Mastercard? So what do you get for a seemingly affordable credit card? Two words: accelerated rewards. For every PHP 20 spend on qualified spend categories, you earn four (4) bonus points. What are these qualified spend categories, you ask? They just happen to be the four that matter: dining, shopping, overseas, and online…
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What is the Best Credit Card to Pay Bills in the Philippines?
- By Venus Zoleta
- September 8, 2020
Using a credit card is one of the most convenient and safest ways to pay bills. It spares you the hassle of lining up at malls and remittance centers and paying in cash or check. Instead, you can make utility payments online with your card at home. When you pay bills with a credit card, you can track your expenses more easily. You can just view your card’s billing statement to check if all your bills for the month are settled. What’s the best credit card to pay bills, you might ask. It’s the one that provides maximum savings and convenience when used to pay for electricity, water, mobile postpaid, internet, cable, and other utilities. Keep reading to learn more about the best credit cards to pay utility bills in the Philippines. Read More: A Guide to Paying Electricity Bills with Meralco Online Simple Steps to Check and Pay for Your Maynilad Water Bill Online Table of ContentsWhat to Consider When Choosing the Best Credit Card to Pay BillsCashback or Rewards for Bills PaymentAutomatic Payment FeatureBest Credit Cards to Pay Bills in the PhilippinesSecurity Bank Complete Cashback MastercardCiti Cash BackUnionBank Gold MastercardMetrobank Rewards Plus VisaHSBC Red MastercardCiti Rewards MastercardRCBC Flex Gold VisaWhat is the Best Credit Card for Utilities?How to Pay Bills with a Credit Card OnlineFinal ThoughtsDiscover other top credit cards in the Philippines: What to Consider When Choosing the Best Credit Card to Pay Bills Cashback or Rewards for Bills Payment Do I get cashback for paying bills?You might be wondering if you’ll be rewarded for using a…
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Need a Card? Here’s a Guide to Credit Card Online Application
- By Janine Daquio
- September 3, 2020
The number of credit cardholders in the Philippines increased from 7.5 million in 2013 to 9 million in 2018[1]. Apart from the different credit card types and perks offered by banks, the convenience brought by a credit card online application may have also played a part in the increase. Traditionally, you need to head down your bank’s nearest branch to apply for a credit card. You would have to wait in line for your turn to submit your requirements and wait for approval, which can be time-consuming. Thanks to modern technology, long queues for credit card applications have become a thing of the past. Online application allows potential customers to apply for a card at the comforts of their homes. Table of ContentsWhy You Should Apply for a Credit Card OnlineConvenienceAccess to a wide range of credit card productsShorter processing timeSafer application processWhat to Do Before Applying for a Credit Card OnlineIdentify your needsKnow the different types of credit cardsDon’t rush itCheck the requirementsCredit Card Online Application Basic RequirementsHow to Apply for a Credit Card OnlineUsing Your Credit Card ResponsiblyPay your bills in timeSpend what you can affordTrack your spendingCheck your credit card statementFinal Thoughts Why You Should Apply for a Credit Card Online A credit card online application offers various advantages compared to its traditional counterpart. Here are some of them: Convenience This is probably the number one reason why more and more people prefer online credit card applications. You don’t have to spend time going to your preferred bank’s nearest branch and wait in line. There is no extra…
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Applying for a Credit Card? Prepare These Credit Card Requirements First
- By Moneymax
- September 1, 2020
Credit cards can help you build a good credit history and save money with numerous benefits and rewards. Despite these perks, only less than 10% of Filipinos own a credit card[1]. Perhaps, many are discouraged by credit card requirements imposed by banks. In addition, many individuals are deterred by credit card debt—even if debt and credit cards do not come together[2]. Credit cards, when used responsibly, can be great for your financial well-being. Preparing for the application is vital to ensure that you’re getting the best chance of approval. To help you get your application ready, we listed down the credit card requirements from some of the top banks in the country. Table of ContentsCredit Card Requirements in the PhilippinesAUBBDOBPIChinabankCitibankEastWest BankHSBCMaybankMetrobankPNBRCBCSecurity BankUnionBank5 Tips When Applying for a Credit CardGet a card that fits your budgetCompare credit cards Limit your credit card applicationsPrepare your documents beforehandUnderstand the terms and conditionsFinal Thoughts Credit Card Requirements in the Philippines AUB Credit cards offered: Easy Mastercard Classic Mastercard Gold Mastercard Platinum Mastercard Eligibility: Must be 21 to 65 years old Must be a Filipino citizen or local resident foreigner For employed: must be employed for at least a year For self-employed: business must be operating for at least a year Basic credit card requirements for AUB: One valid ID Accomplished application form Proof of income (pay slips, latest BIR form 2316, Certificate of Employment, etc.) DTI/SEC Registration for self-employed applicants Alien Certificate of Registration for foreign applicants Processing time: Seven to 10 working days upon submission of complete requirements BDO Credit cards offered: Visa…
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