Moneymax Reviews: 4x the Fun with HSBC Red Mastercard
- By Ricky Publico
- August 5, 2021
It’s not a bird, it’s not a plane, it’s another edition of Moneymax Reviews! Our exploration of the best 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 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 Features Before we go any further, let’s first judge the card by its features. 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 2,500 (free on the first year) Interest rate: 2% Minimum monthly income requirement: PHP 16,667 Cash advance fee: PHP 200 per transaction Late payment fee: PHP 1,000 or unpaid minimum amount due, whichever is lower Overlimit fee: PHP 800 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 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 purchases. That’s quadruple the points compared to other…
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BPI eCredit Card: What Online Shoppers Must Know Before Getting One
- By Moneymax
- July 20, 2021
No one can resist the appeal and convenience of online shopping. With just a few taps on your smartphone, you can get everything you need and want, from food to clothes and even iPhone cases. And what makes online shopping much easier is your credit card. If you want to upgrade your online shopping experience, now’s the time to get a virtual credit card. In this case, the BPI eCredit card is one of your best choices if you own a regular credit card from BPI or are planning to apply for one. Here’s a simple guide that will give you all the important things you need to know about this BPI virtual card. Table of ContentsWhat is a BPI eCredit Card?How Does the BPI eCredit Card Work?Why Should You Get a BPI eCredit Card?1. Highly Secure Virtual Card2. Easily Manage Your Spending3. Get Exclusive Perks and Benefits4. No Annual FeeHow to Apply for a BPI eCredit CardHow to Use Your BPI eCredit CardBPI eCredit Card FAQs1. What is the BPI eCredit card’s limit?2. Does the BPI eCredit Card earn points?3. How can I activate my eCredit card?4. How to do an eCredit card balance inquiry?5. How can I pay my eCredit card bill?Final Thoughts What is a BPI eCredit Card? The BPI eCredit Card is a virtual, intangible credit card exclusively designed for online shopping and transactions such as bills payments.[1] This virtual card works as a companion card to your existing physical BPI credit card. How Does the BPI eCredit Card Work? A BPI eCredit card works like…
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UnionBank Credit Card Promos: 18 Exciting Deals and Discounts This 2022
- By Rouselle Isla
- July 14, 2021
Curious to know what UnionBank credit card promos you can avail of today? You’re in luck because we’ve rounded up the most exciting UnionBank credit card offers exclusively for UnionBank credit cardholders. Whether you’re looking for a really cool welcome gift or exciting deals on dining, travel, or shopping, UnionBank has one for you. Table of ContentsUnionBank Credit Card Promos for New Cardholders P5,000 Rebates or Up to 60,000 Points P5,000 Worth of S&R E-VouchersP5,000 Lazada Credits PromoP500 Lazada Voucher UnionBank Credit Card Promos for Dining 15% Off at Ketos of Manila10% Off at Eat’s Life ManilaUnionBank Credit Card Installment Promos 0% Installment on Home Appliances at Anson’s40% Off on All Massage Chairs at OgawaEnjoy 0% Installment at CW Home Depot0% Installment for up to 6 months at Ace HardwareUnionBank Credit Card Promos for Shopping P1,000 Off at BFF Manila10% Off at The Nest GenieP200 Welcome Gift Voucher from PureGoP200 Off + Free Delivery at Pushkart.phUnionBank Credit Card Promos for Travel Additional 8% Off on Hotel Bookings at AgodaP3,500 on Deluxe Room at Acacia Hotel DavaoDiscounted Room Rates at Misibis Bay ResortUp to 35% Discount at Rancho Bernardo Luxury VillasFinal Thoughts UnionBank Credit Card Promos for New Cardholders P5,000 Rebates or Up to 60,000 Points Eligible cards: UnionBank PlayEveryday Visa, Miles+ Platinum, and Visa GoldPromo period: Until August 31, 2021 Apply for a PlayEveryday Visa, Miles+ Platinum, or Visa Gold credit card and receive up to PHP 5,000 rebates or up to 60,000 points.[1] To receive the rebates and points, here’s how much single or accumulated retail spend you need and how much rebates or points you’ll…
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Moneymax Reviews: Flex Your Financial Savvy with RCBC Bankard Flex Visa
- By Ricky Publico
- July 13, 2021
There will come a time when you’ll have to flex your financial capability. Whether it’s a first date or a family reunion, it will come when you least expect it. You don’t want to be caught off guard without the best credit card in your arsenal, do you? Then good thing, this RCBC Bankard Flex Visa review can help you do just that. This week on the latest edition of Moneymax Reviews, we’re taking a look at RCBC’s hippest credit cards to date. Are you ready to flex your financial independence? Get a chance to do just that by checking out this review. Table of ContentsRCBC Bankard Flex Visa Key FeaturesWhy Should You Flex with the RCBC Bankard Flex Visa?What Perks Can I Expect From My RCBC Bankard Flex Visa?Free Travel InsuranceFree Purchase ProtectionFree Annual Fee for Life PromoRCBC Bankard Flex Visa AlternativesHSBC Red MastercardCiti Rewards Credit CardUnionBank Lazada Credit CardAUB Easy MastercardFinal Thoughts RCBC Bankard Flex Visa Key Features The RCBC Bankard Flex Visa is a hip credit card for a reason. As you’ll find out from the key features below, this is one of the most accessible credit cards out there for millennials with its low income requirement and affordable annual fee. But if money is no object to you, you can opt to get the premium variant of this credit card in the form of RCBC Bankard Flex Gold Visa and get the same perks we’ll discuss later. Annual fee: Flex Visa: PHP 1,500 Flex Gold Visa: PHP 3,000 Interest rate: 2% Minimum monthly income requirement: Flex Visa:…
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Get a Chance to Win a PlayStation 5 from Moneymax!
- By Moneymax
- July 8, 2021
Thinking of applying for a credit card? Now is the best time to do it! Because when you apply and get approved for a Citi credit card via Moneymax, you get a chance to win 1 of 3 PlayStation 5 units. Yes, it’s a free PS5 giveaway! Non-raffle winners can choose between PHP 2,000 GCash or a Razer Cynosa Lite Gaming Keyboard. Hurry and apply today! Promo runs until July 11, 2021 only. Per DTI Fair Trade Permit No. FTEB-122803. Series of 2021. For full Terms and Conditions, click here. Gift is exclusively from Moneymax and is only valid to new Citibank customers. Promo is valid to all Philippine residents. For GCash terms and conditions, click here. For Razer Cynosa Lite terms and conditions, click here. To learn more about the Moneymax x Citi PS5 raffle promo, see the FAQs section. Table of ContentsMoneymax x Citibank Free PS5 Raffle Promo FAQs1. I already have a Citibank credit card. Do I qualify for the promo?2. What is the eligibility criteria for Citibank credit cards?3. What documents should I submit to complete my Citi credit card application?4. Why should I apply through the Moneymax website to qualify for the promo?5. I just sent my application through the Moneymax website. What happens next?6. How will I know if my Citi credit card application was approved?7. I didn’t receive a call from Moneymax or Citibank. Why?8. How will you select the winners of the free PS5 raffle promo?9. How will I know if I won the PS5 giveaway?10. How will I receive the PlayStation…
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15 Exciting RCBC Credit Card Promos You Shouldn’t Miss in 2022
- By Ricky Publico
- July 6, 2021
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 with your best credit card from RCBC? These promos are all up for grabs for the rest of 2021. Don’t waste time browsing the internet searching for the best offers because we picked the best RCBC credit card promos for you! Table of ContentsRCBC Credit Card Promos on Dining25% Off at The Beer Factory25% Off at Chi Em Gai25% Off at Cold Layers Café15% Off at Ketos of Manila15% Off at Coffee Project10% Off at BKK Express10% Off at Cabalen and Cabalen Plus10% Off at Tsurumaru Udon x Tempura10% Off at Brothers Burger5% Off at Illo’s Party TraysRCBC Credit Card Promos on ShoppingUp to 40% Off on Select Items at OGAWAUp to 20% Off at WanderskyeUp to 20% Off at ZALORAUp to 15% Off at Sarabia Optical15% Off at PacsafeFinal Thoughts RCBC Credit Card Promos on Dining 25% Off at The Beer Factory Eligible cards: All RCBC credit cardsPromo period: March 8, 2021 to August 31, 2021 Looking to blow off some steam after a hard day’s work? Whether you’re working from home or from the office, you can always head down to The Beer Factory and grab lunch or dinner. Use your RCBC credit card to get 25% off on all food purchases with no minimum purchase required. 25% Off at Chi Em Gai Eligible cards: All RCBC credit cardsPromo…
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Get a Credit Card 100% Online with Moneymax and UnionBank
- By Moneymax
- June 29, 2021
MANILA, PHILIPPINES – JUNE 2021. Moneymax, one of the country’s leading financial comparison platforms, partners with Union Bank of the Philippines (UnionBank), recognized as a digital trailblazer in Asia Pacific, to enable Filipinos to get a UnionBank credit card entirely online. This tie-up strengthens Moneymax’s commitment to help Filipinos find the right financial products and improve their access to them. Simplifying Credit Card Comparison in the New Normal Given the shift of financial transactions to online, both UnionBank and Moneymax aim to increase the penetration of credit cards in the Philippines. Through the Moneymax website, users can conveniently compare UnionBank credit cards according to requirement, feature, and fees. Credit card application can be done on the Moneymax website as well, eliminating the need to visit a bank to fill out multiple application forms. “Moneymax is delighted to be announcing this new partnership with UnionBank of the Philippines. We aim to support UnionBank’s goal of providing customers with the best solutions and experiences by leveraging our platform to simplify the comparison process and by enhancing product accessibility. We look forward to working with one of the front runners for banking innovation and digital adoption to help Filipinos live a financially healthier life,” shares Greg Aguilar, Moneymax’s Head of Commercial. “This tie-up with Moneymax underscores the most essential component of UnionBank’s digital push, and that is to put the needs of customers first. We are steadfast in our commitment to deliver superior customer experiences in every service we provide and innovation we co-create for a better world,” says Anton Corro, UnionBank Consumer…
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Moneymax Reviews: Visa or Mastercard? Pick a Side with UnionBank Gold
You know when they say credit cards are as good as gold these days? Well, credit card providers like UnionBank took it a little too literally with their Gold line of credit cards, the UnionBank Gold Visa and the UnionBank Gold Mastercard. But how will you choose the right credit card between the two? That’s what we’re going to find out in this UnionBank Gold credit card review. At first glance, these two credit cards are almost identical. And as you’ll soon find out, they have more similarities than differences. But what makes them different will probably interest you. Mainly, do you prefer earning more rewards or do you prefer earning more cashback? Let’s get down to it in this brand new edition of Moneymax Reviews! Table of ContentsUnionBank Gold Credit Card Key FeaturesWhy Choose UnionBank Gold Visa?Why Choose UnionBank Gold Mastercard?What Perks Can I Expect from My UnionBank Gold?Earn one reward point for every PHP 35 spendEnjoy 0% interest installment payment plansFree life insurance coverage up to PHP 400,000Access to UnionBank OnlineUnionBank Gold Credit Card AlternativesAUB Gold MastercardCiti PremierMiles CardRCBC Bankard Flex Gold VisaHSBC Gold Visa Cash BackFinal Thoughts UnionBank Gold Credit Card Key Features Whether you’re getting the Visa or Mastercard variant, these are the key features you can expect. So what’s the difference, you ask? We’ll discuss them all later. For now, check out if a UnionBank Gold credit card fits your budget and lifestyle before preparing your credit card requirements. Annual fee: PHP 2,500 Interest rate: 2% Minimum monthly income requirement: PHP 30,000 Cash advance fee:…
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Getting an EastWest Credit Card? Here’s Everything You Need to Know
- By Moneymax
- June 22, 2021
Filinvest-owned EastWest Bank is one of the leading banking institutions in the country. But aside from its regular bank products and services, such as loans and savings accounts, EastWest Bank is also known for offering good credit cards. An EastWest credit card makes the best option if you’re someone who puts a premium on your lifestyle. A huge selection of the bank’s cards is designed for people who love shopping, traveling, and dining out. However, EastWest Bank also has a range of cards that is ideal for those who are on a tight budget or those who will just use them for everyday purchases. If you’re interested in getting a credit card from this bank, we’ve come up with a comprehensive EastWest credit card application guide. Read on to learn more. Table of ContentsEastWest Credit Card Application: 5 Simple Steps to Get a Card from EastWest Bank1. See If You’re Eligible for an EastWest Credit Card2. Prepare All EastWest Credit Card Requirements3. Pick the Right EastWest Credit Card for You4. Fill Out the EastWest Credit Card Application Form5. Submit Your ApplicationWhat is the EastWest Credit Card Processing Time?How to Activate Your EastWest Credit CardHow to Register Your EastWest Credit Card OnlineFinal ThoughtsCompare and Apply for a Credit Card Through Moneymax Now! EastWest Credit Card Application: 5 Simple Steps to Get a Card from EastWest Bank 1. See If You’re Eligible for an EastWest Credit Card First, you need to make sure that you’re actually eligible to apply for a credit card from EastWest Bank. You can start your EastWest credit…
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What You Need to Know About UnionBank Credit Card Fees and Charges
- By Moneymax
- June 16, 2021
Credit cards are a useful tool for those who understand how they work. These cards are the best allies in times of emergency, shopping, travel, and other activities that require spending even without cash. With tons of promos, discounts, and privileges that come with a credit card, it’s easy to swipe now and worry later. But a small act of neglect on fees can make credit cards the enemy you wish you never had. As a responsible credit card user, you must account for every fee incurred in your transactions. Getting a card from UnionBank? Keep in mind that UnionBank credit card fees apply to your account immediately after the cards are activated and if you fail to meet the conditions. That means fees come automatically with your privilege to use the card. So, to maintain a good credit standing on your UnionBank account, check out these fees and charges you should know about before maxing out your credit limit and forgetting your payment due date. Table of ContentsWhy Does UnionBank Charge Fees on Credit Cards?What are the UnionBank Credit Card Fees I Should Know About?UnionBank Credit Card Annual FeesUnionBank Credit Card Interest RatesUnionBank Credit Card Late Payment FeesUnionBank Credit Card Cash Advance FeesWhat are the Other UnionBank Credit Card Fees to Remember?Final Thoughts Why Does UnionBank Charge Fees on Credit Cards? Like any other bank, UnionBank imposes fees on the use of its issued credit cards to make sure cardholders won’t abuse the privileges that come with it. Every time you swipe, you’re borrowing money from the bank. And…
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Swipe and Save: 15 Credit Cards with No Interest in the Philippines
- By Moneymax
- June 15, 2021
Some financial advisers will tell you to avoid using credit cards like the plague. There are also countless credit card horror stories that serve as cautionary tales for those who are thinking of getting one. However, you can’t deny that credit cards are a must-have, especially now that everyone’s shopping online and doing virtual transactions. When used responsibly, your credit card can unlock a lot of features that other payment methods don’t offer. Moreover, you get to build your credit history, which is necessary when applying for home loans or car loans. But perhaps the most attractive feature of credit cards is that they help finance your big-ticket purchases. Some credit cards even offer 0% interest[1] on your purchases with flexible payment terms. Curious to know how these zero interest credit cards work? We’ve got the answer right here. We’ve even listed down the top zero interest credit cards in the Philippines that you may want to consider. Table of ContentsHow Do Zero Interest Credit Cards Work?Choosing the Right Zero Interest Credit Card for YouInstallment PeriodMonthly interest rateAdded Benefits15 Best No Interest Credit Cards in the Philippines1. BPI Edge Mastercard2. BPI Family Credit Card3. Citi Simplicity+4. Eastwest Bank Gold MasterCard5. HSBC Red Mastercard6. HSBC Premier Mastercard7. HSBC Advance Visa8. Maybank Standard Mastercard9. Metrobank M Free Mastercard10. RCBC Visa Infinite Card11. RCBC Bankard Gold Mastercard12. Security Bank Classic Rewards Mastercard13. UnionBank Classic Visa14. UnionBank Gold Visa15. AUB Gold MastercardFinal ThoughtsDiscover Other Top Credit Cards in the Philippines How Do Zero Interest Credit Cards Work? Credit cards with no interest mean you don’t…
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Moneymax Reviews: Comparing AUB’s Budget-Tier Credit Cards
- By Ricky Publico
- June 9, 2021
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 best credit card in the Philippines, courtesy of this AUB credit card review. In the white corner, we have the AUB Easy Mastercard and in the red 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 Credit Card Review: Go Easy or Go ClassicAUB 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 Credit Cards Have No Annual Fees for LifeNo Interest for New PurchasesGenerous Rewards ProgramAccepted at Over 5,000 Payment ChannelsAUB Easy and Classic Mastercard AlternativesAUB Gold and Platinum MastercardCiti Simplicity+Metrobank M Free MastercardHSBC Red MastercardFinal Thoughts AUB Credit Card Review: Go Easy or Go Classic Before we start with our AUB credit card review, let’s check out the key features of both cards. On paper, both credit 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: 2% Minimum monthly income requirement: PHP 21,000 Cash advance fee: None Late payment fee: Monthly option: PHP 750 or the unpaid…
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Best Credit Card Promos to Check Out and Avail in 2022
- By Moneymax
- June 8, 2021
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 2021 that offer discounts, rebates, freebies, and other rewarding perks for cardholders in the Philippines.
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Understanding the Cap on the Interest of Credit Cards and Other Updated Fees in 2022
- By Moneymax
- June 3, 2021
Now here’s a great reason for you to get a credit card: banks have already lowered the interest of credit cards 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’re planning to apply for a new credit card or you’re currently carrying 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 Interest of Credit Cards in the PhilippinesAUB Credit Card Fees 2022Bank of Commerce Credit Card Fees 2022BPI Credit Card Fees 2022China Bank Credit Card Fees 2022Citibank Credit Card Fees 2022EastWest Credit Card Fees 2022HSBC Credit Card Fees 2022Maybank Credit Card Fees 2022Metrobank Credit Card Fees 2022RCBC Credit Card Fees 2022Robinsons Bank Credit Card Fees 2022Security Bank Credit Card Fees 2022UnionBank Credit Card Fees 2022Final 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…
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Maximize Your Spending with These Co-Branded Credit Cards
- By Moneymax
- May 27, 2021
Are you loyal to a particular brand? Using co-branded credit cards can help you save money and maximize rewards on your purchases. To fully appreciate their value, it’s important to understand how they work. Choose wisely during your credit card comparison and you might just end up saving a lot on various expenses. Here’s everything you need to know about branded cards in the Philippines. Table of ContentsHow Do Co-Branded Credit Cards Work?Benefits of Owning Branded CardsGreater rewardsHigher rebatesDiscounts and freebiesAnnual fee waiversPriority access to exclusive salesBest Co-Branded Credit Cards for ShoppingMercury Drug Citi CardUnionBank Lazada Credit CardRCBC Landmark Anson’s MastercardBest Co-Branded Credit Cards for TravelAirAsia Credit CardUnionBank Cebu Pacific GetGoPNB-PAL Mabuhay Miles NOW MastercardCiti Grab CardBest Co-Branded Credit Cards for Fuel and Car ExpensesShell Citi CardMetrobank Toyota MastercardEastWest Hyundai MastercardRCBC Phoenix MastercardBest Co-Branded Credit Cards for DiningUnionBank Racks VisaRCBC LJC MastercardFinal Thoughts How Do Co-Branded Credit Cards Work? Co-branded credit cards offer brand-specific benefits to loyal customers of a retail brand or members of an organization. Banks issue these cards in partnership with malls, airlines, oil companies, car dealerships, restaurant chains, clothing retailers, universities, alumni associations, and charities. Typically, branded cards bear the logos of the credit card network and the partner brand. Some cards also carry the issuing bank’s logo. But basically, these cards work just like any regular credit card. Even if a card is jointly issued with a particular merchant, you can use it at any retailer that accepts cards from the bank or credit card network. What makes co-branded credit cards different from other cards…
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Getting a Credit Card for Teenager? Read This Guide First
- By Moneymax
- May 25, 2021
Initially, the idea of giving your teen a credit card may conjure images of big monthly bills or of your kid dining out or partying with kids. After all, teens are not always thought of as financially responsible individuals. Even if your kid is an accountable and sensible person, you may still feel anxious. To quell some of your unfounded fears, let us share with you these words: A lot of teens actually have a good sense of what’s practical or not. So cut them some slack—don’t underestimate their wisdom. If you’ve been thinking things through, let us help you. We’ve come up with a simple guide that will let you determine if you should get credit cards for teens. Table of ContentsWhy Give Your Teen a Credit Card?Teaching Financial ResponsibilityUseful in EmergenciesSafe to UseTracking Your Kid’s SpendingWhen Should You Give Your Teen a Credit Card?Your Teen Shows Signs of Financial Responsibility or IndependenceThey Have the Means to Pay Off the BillsYou Have the Means to Cover Additional ExpensesYour Teen is Already in CollegeYou’re Sure That You Can Trust Your Teen with a Credit CardCan a Teenager Apply for a Credit Card?What are the Best Credit Cards for Teens?AUB Classic MastercardCiti Simplicity+EastWest Platinum MastercardBPI Family Credit CardFinal Thoughts Why Give Your Teen a Credit Card? It’s highly encouraged that you give your teens a credit card. Doing so actually comes with a lot of benefits, like the ones listed below. But we advise that you always proceed with utmost caution. Teaching Financial Responsibility A lot of young adults and even…
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Avoid Maxing Out Your Credit Card with These Tips
- By Venus Zoleta
- May 20, 2021
When used responsibly, credit cards can help you manage your finances and fund unexpected expenses such as medical bills or repairs around the house. Some credit cards even offer rewards, cashback, or miles that can maximize the money you’re spending. But if you keep using your card, you may easily end up with a maxed out credit card. The thing is, you may not always know that you’re close to reaching your credit card limit. Sometimes, you’ll only realize it when you get charged an overlimit fee or when your next credit card purchase gets declined. This is just one painful consequence of maxing out your credit card. What you don’t want is to start accumulating credit card debt because of your maxed out credit card. Avoid such a credit card mistake before it’s too late. Table of ContentsWhat is the Meaning of a Maxed Out Credit Card?Is It Bad to Max Out a Credit Card?What Happens When You Max Out Your Credit Card? 1. Your Minimum Payments May Become Unmanageable2. Your Credit Score May be Affected 3. Your Creditworthiness is at Stake 4. Your Credit Card Becomes Unusable Fees and Penalties in a Maxed Out Credit CardTips to Avoid Maxing Out Your Credit Card 1. Know Your Credit Card Limit2. Review Your Credit Card Statements Regularly3. Pay Off Your Balance ASAP 4. Track Your Budget5. Avoid Making a Cash Advance6. Be Careful with Multiple Cards7. Avoid Emotional Purchases8. Keep Your Balance Lower Than Your Actual Credit Card Limit9. Check Your Available Credit10. Remember That Your Credit Card isn’t Free MoneyCan You Exceed Your Credit Card…
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Money-Saving Credit Card Hacks in the Philippines You Should Check Out
- By Ricky Publico
- May 18, 2021
Is owning a credit card expensive? Will it get me into deep debt? Should I use my card less or should I use it for all my expenses? You are probably asking these questions in your mind while you’re comparing credit cards for future use. If only there are credit hacks in the Philippines you can exploit, you’re probably thinking as well. And you’d be right, there are! Here are just some of them. Table of Contents9 Helpful Credit Card Hacks in the Philippines1. Get an Annual Fee Waiver2. Make Use of the Auto-Charge Feature3. Take Advantage of Your Billing Cycle4. Stay Up-to-Date with Credit Card Promos5. Redeem Your Credit Card Rewards6. Use Cashback to Save on Spending7. Take Advantage of Flexible Installment Terms8. Get a Second (or Third) Card9. Protect Your Credit Card by Covering Your CVVFinal Thoughts 9 Helpful Credit Card Hacks in the Philippines 1. Get an Annual Fee Waiver Credit card annual fees in the Philippines can go as high as PHP 6,000. Although you pay them only once a year, the amount can still put a dent in your budget. But know that there’s no need to shell out a certain amount every year for using your credit card. Instead, you can allocate this money for your savings or as an addition to your investments. Consider taking advantage of waived annual fees. Some banks allow their cardholders to have their annual fee waived, as long as they use their card regularly and are in good credit standing. You may contact your issuing bank to request…
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What is CVV in Credit Card? Understanding Its Importance and Use
- By Moneymax
- May 17, 2021
When making purchases with your credit card, you must wonder how your credit card provider prevents you from fraud. There are several layers of security that prevent fraud and overcharging in a credit card. One of the things that help this process is your credit card CVV. But what is CVV in credit card and how does it work? Learn all about it in our guide. Table of ContentsWhat is CVV in Credit Card?Where Can I Find My CVV Number?How Does CVV in Credit Card Work?What are the Types of Credit Card Security Codes in CVV?Final Thoughts What is CVV in Credit Card? The CVV or Card Verification Value is an authentication procedure that credit card companies use to reduce fraud, especially with the prevalence of transactions made online. It functions as the main security feature for “card not present” transactions. Some banks and cardholders call it as Card Security Code (CSC), Card Verification Data (CVD), Card Verification Value Code, or Card Verification Code (CVC). The reason for these different names depends on the credit card brand. For example, Discover and American Express refer to it as “CID” or Card Identification Code. Where Can I Find My CVV Number? For Visa, Mastercard, and other credit card brands in the Philippines, the CVV is a three-digit number found at the back of your credit card. It is located below the magnetic stripe. Take note that some credit card brands like American Express use four digits. You may notice this when you compare credit cards. How Does CVV in Credit Card Work? Developed by Michael Stone…
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Moneymax Reviews: Online Shopping Overload with UnionBank Lazada Credit Card
- By Ricky Publico
- May 14, 2021
If there’s one company that thrived during the pandemic, it’s online shopping platforms like Lazada. In 2020 alone, their sales grew 2.5 times[1] thanks to the e-commerce boom caused by the year-long quarantine. If you’re one their most loyal online shoppers, then you should definitely check out this UnionBank Lazada Credit Card review. Because why scramble for spare change when the delivery person knocks on your gate when you can just use a credit card to pay for your purchases? And if you’re in the market for a credit card, you might as well get one that is co-branded with your preferred online shopping app. Find out more about this UnionBank credit card in our latest installment of Moneymax Reviews. Table of ContentsUnionBank Lazada Credit Card Key FeaturesWhy Should I Shop with the UnionBank Lazada Credit Card?6x Lazada Credits for Every PHP 200 Spend on LazadaPHP 5,000 Lazada Credits for New CardholdersFree Lazada Vouchers All Year RoundExclusive Perks from LazadaWhat Perks Can I Expect from My UnionBank Lazada Credit Card?Free Virtual CardContactless PaymentUnionBank Lazada Credit Card AlternativesUnionBank PlayEverydayHSBC Red MastercardCiti Grab Credit CardMetrobank ON Internet MastercardFinal Thoughts UnionBank Lazada Credit Card Key Features Before we start the UnionBank Lazada Credit Card review, it’s only fair to check out the card’s key features. When you’re tasked to compare credit cards, never skip this step. Annual fee: PHP 3,000 (free for the first year) Interest rate: 2% Minimum monthly income requirement: PHP 30,000 Cash advance fee: PHP 200 per cash advance and 1.96% finance charge per month until date of repayment Late payment fee: PHP 750 Overlimit…
