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

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

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No Income Documents? 3 Credit Card Alternatives to Consider

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

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Your Simple 5-Step Guide to UnionBank Credit Card Application

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

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10 Metrobank Credit Card Promos You Shouldn’t Miss

Do you own a Metrobank credit card? Or maybe you’re planning to get one soon? Whatever your status is, it’s important to take advantage of Metrobank credit card promos in 2021. Apart from Metrobank credit card rewards points, cardholders can also enjoy exclusive discounts and deals when they use their card to shop at partner establishments. Here are some of the best ones to check out. Table of ContentsMetrobank Credit Card Promos 2021 for New CardholdersRainy Day Rebates Acquisition PromoPHP 500 Rebate Supplementary Card PromoMetrobank Credit Card Promos 2021 for Dining50% Off at The Lounge of Grand Hyatt Manila40% Off at Dusit Thani Manila Restaurants30% Off on Ala Carte at Shang Palace20% Off at Ruby Jack’s Steakhouse & Bar10% Off on Your Next Order at The Moment GroupMetrobank Credit Card Promos 2021 for ShoppingUp to PHP 1,000 Off at Laura MercierPHP 100 Off on Weekends at ShopeeUp to 18% Off at ZALORAFinal Thoughts Metrobank Credit Card Promos 2021 for New Cardholders Rainy Day Rebates Acquisition Promo Eligible Cards: All Metrobank credit cards (except Metrobank Dollar Mastercard, Corporate Card, Commercial Card, Puregold Mastercard, and M Free Mastercard) Promo Period: Until February 28, 2021 Thinking of applying for a Metrobank credit card? Do it before February 28, 2021 so you won’t miss just one of the exciting Metrobank credit card promos[1]. Apply for a Metrobank credit card, spend PHP 30,000 within 90 days upon approval, and get rebates worth up to PHP 5,500. PHP 500 Rebate Supplementary Card Promo Eligible Cards: Metrobank World Mastercard, Metrobank Peso Platinum Mastercard, Metrobank Travel Platinum, Metrobank Femme Signature…

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Best Credit Cards for Money-Savvy Students in the Philippines

Who says credit cards are for adults only? Students like you can also get a credit card of your own. No need to bother your parents for additional allowance. You can practice financial responsibility as early as now by checking out these credit cards for students in the Philippines. But before you go shopping for credit cards, you should know the types of cards you can apply for as well as the requirements you will need to submit. So take the time to read this guide before deciding on the right credit card for a student like you. Table of ContentsCan a Student Apply for a Credit Card in the Philippines?How to Get a Credit Card for StudentsBest Credit Cards for Students in the PhilippinesSecurity Bank Fast Track Secured Credit CardBPI Express Start Secured Credit CardAUB Secured Credit CardRCBC Bankard InstaCardCiti Simplicity+ CardMetrobank M Free MastercardHSBC Red MastercardFinal Thoughts Can a Student Apply for a Credit Card in the Philippines? It would be awkward if the answer is no, wouldn’t it? But yes, it is possible for students to apply for a credit card. There are various ways for you to get a credit card and while they don’t require a steady income, having one will certainly help your chances of approval. But the question is do you really need a credit card? If you’re going to use it just for shopping, forget it. A credit card is not a free ticket to spend recklessly. Only apply for one if you don’t have enough allowance and you don’t have a…

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How to Avail of the Credit Card Amnesty Program in the Philippines

Dead-worried about the credit card debt you haven’t paid off for a long time? Stop stressing out and start dealing with it by availing of the credit card amnesty program in the Philippines. This program allows credit cardholders with unpaid balances to settle their debt at a lower interest rate and a longer repayment term. As a result, you can get back on track with your finances and improve your credit standing. Banks like Citibank have their own amnesty program for credit card debt. There’s also a credit card amnesty program in the Philippines that consolidates cardholders’ debts from different banks. Table of ContentsWhat Happens to Unpaid Credit Card Debt in the Philippines?Can You Be Jailed for Credit Card Debt in the Philippines?How to Deal with Credit Card Debt Collectors in the PhilippinesWhat is Credit Card Amnesty Program?Features of Restructured Credit Card DebtBanks That Provide Credit Card Amnesty in the PhilippinesWho Can Apply for Credit Card Amnesty?IDRP Eligibility RequirementsHow to Apply for Credit Card AmnestyIDRP Document RequirementsWhat Happens After Getting Approved?How Many Years Before a Credit Card Debt is Written Off in the Philippines?Final Thoughts What Happens to Unpaid Credit Card Debt in the Philippines? Wondering about what happens if you don’t pay your credit cards? These things are likely to occur if you fail to settle your credit card balance: The bank will give you a written notice to remind you of your unpaid credit card balance. The bank will turn over your overdue credit card account to a third-party collection agency. You’ll get calls from a collection agent…

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

Do you love to travel? The fact that you’re reading this right now means you’re at least planning to travel in the near future. But sadly, travel isn’t exactly a luxury at this moment when COVID-19 is still around. The pandemic will end eventually, so don’t cancel your air miles credit card just yet. The next best thing you could do is earn travel points while planning your next getaway. In that case, you definitely need to get the best miles credit card. Finding the right one is easier now more than ever. Compare your options with this comprehensive list of best credit cards for miles in the Philippines. Table of ContentsBest Miles Credit Cards in the PhilippinesAUB Platinum MastercardBPI SkyMiles Platinum MastercardCiti PremierMiles CardEastWest Priority Visa InfiniteMaybank Platinum Mastercard/Visa PlatinumMetrobank Travel Platinum VisaPNB-PAL Mabuhay Miles World MastercardRCBC Bankard Visa InfiniteRCBC AirAsia Credit CardUnionBank Cebu Pacific GetGo PlatinumUnionBank Miles+ Platinum VisaHow Do I Redeem Credit Card Miles?How Do I Choose the Best Miles Credit Card in the Philippines?Final Thoughts Best Miles Credit Cards in the Philippines AUB Platinum Mastercard ✈️ How to earn miles: Get 1 Mabuhay Mile for every PHP 33 spent 💸 Annual fee: Free for life! 🧳 Other travel perks: Free access to SkyView Lounge at NAIA Terminal 3 and Pacific Club Lounges at NAIA 3 and Clark International Airport Double credit card rewards points for overseas purchases BPI SkyMiles Platinum Mastercard ✈️ How to earn miles: Get 1 Delta SkyMiles mile per PHP 45 spent 💸 Annual fee: PHP 5,000 (waived for the first year) 🧳…

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Citibank Credit Card Application: Easy 5-Step Guide

Citibank is known for its fast credit card approval and delivery time. It usually takes only one to two weeks to get a Citibank credit card application approved 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 submit a Citibank credit card application is online. Table of ContentsSteps to a Citibank Credit Card Online Application1. Ensure You’re Eligible for a Citi Credit Card2. Prepare the Citi Credit Card Requirements3. Choose the Right Citibank Credit Card for You4. Fill Out the Online Citi Credit Card Application Form5. Submit Your Supporting DocumentsHow Can I Check My Citibank Credit Card Application Status?Final Thoughts Steps to a Citibank Credit Card Online Application 1. Ensure You’re Eligible for a Citi Credit Card You can apply for a Citi credit card if you meet these eligibility requirements: Age 21 or older Have an annual income of at least PHP 180,000 for existing cardholders or at least PHP 250,000 for first-time credit card applicants Have an active landline or mobile phone number A valid TIN or SSS/GSIS number is also required Take note that Citi will accept your Citibank credit card application even if you don’t have a deposit account with the…

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

Received a declined 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 Receive a Declined Credit Card Application in the Philippines1. Check Your Credit Card Application Status2. Find Out Why You’re Rejected for a Credit Card3. Wait At Least Three Months to Reapply4. Check Your Credit Report and Improve Your Credit Score5. Apply for the Right Credit Card6. Get a Secured Credit Card or a Prepaid CardHow to Increase Your Chances of Getting ApprovedFinal Thoughts What to Do When You Receive a Declined Credit Card Application in the Philippines 1. Check Your Credit Card Application Status After you’ve applied for a credit card, the bank will contact you after one to three weeks to inform you 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 declined 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 credit card application status with some of…

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7 Valentine’s Credit Card Promos for Couples This February 2021

Celebrating Valentine’s Day, for some, may mean getting thinner wallets. But you don’t have to break the bank if you’re wise about spending on this special day. For instance, if you own a credit card, you may get discounts and other Valentine’s promo offers at your provider’s partner merchants. Still looking for ideas on how to celebrate Valentine’s Day this year? Wondering where you can score a sulit Valentine’s promo? Check out this list, and you might find what you’re looking for. Table of ContentsValentine’s Promo Offers on DiningMelo’s Steakhouse – 50% Off on 2nd Main CourseThe Beer Factory – 30% Off on Total BillCrystal Dragon – 25% Off on Total BillCalifornia Pizza Kitchen – 20% Off on Your Birthday MonthBoozy PH – PHP 300 Off on Total BillValentine’s Promo Offers on Flower ShopsFlowerStore PH – 15% Off on BouquetsFlower Chimp – 18% Off on BouquetsBest Credit Cards to Bring on Valentine DatesCiti Rewards CardHSBC Gold Visa Cash BackMetrobank Femme Signature VisaSecurity Bank Complete Cashback MastercardFinal Thoughts Valentine’s Promo Offers on Dining Melo’s Steakhouse – 50% Off on 2nd Main Course Eligible Cards: RCBC Bankard Visa Infinite and Visa PlatinumPromo Period: Until March 31, 2021 What’s better than one main course for your Valentine’s date? Two main courses! And when you use your RCBC Bankard Visa Infinite or Visa Platinum card, you can get 50% off on your second main course at Melo’s Steakhouse. Who says you can’t pig out on February 14? Promo mechanics[1] The Beer Factory – 30% Off on Total Bill Eligible Cards: All Citibank credit cardsPromo…

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8 Best Cashback Credit Cards to Help You Save Money

Get paid each time you spend with your credit card—isn’t that enticing enough to get a cashback credit card? But there’s more to it with cash back 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 spending. Get started with this guide on cashback credit cards in the Philippines. Table of ContentsWhat is a Cashback Credit Card?Best Cashback Credit Cards in the PhilippinesCiti Cash Back CardHSBC Gold Visa Cash BackBPI Amore VisaMaybank Platinum VisaEastWest EveryDay Titanium MastercardShell Citi CardSecurity Bank Complete Cashback MastercardUnionBank 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 Cashback Credit Cards in…

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10 Advantages of Credit Cards for People Who Are Afraid to Get One

You’ve probably heard horror stories from family and friends about credit cards. Like how fees are so expensive, or how they never get approved for one, or how their credit card bills are piling up. They might have also talked about the advantages of credit cards at one point, but their credit card woes far outweigh credit card plus points. According to the 2018 Moneymax Financial Life Survey, Pinoys don’t get a credit card for three reasons: the interest fees, the approval process, and lack of financial discipline. But as long as you swipe responsibly and pay your bills on time, you can fully enjoy the advantages of credit cards. Table of ContentsWhat are the Advantages of Credit Cards?1. Credit Cards Teach You to Be a Responsible Cardholder2. Credit Cards Help Monitor Your Monthly Spending3. You are Protected by Law as a Credit Cardholder4. Credit Cards are Safe for Online Shopping5. Credit Cards are More Secure Than Debit Cards6. It’s Rewarding to Own a Credit Card 7. Credit Cards Help Build Credit History8. Getting a Credit Card is Actually Easy9. You Can Get Protection for Your Purchases10. You Won’t Lose Money When Your Card is LostShould I Get a Credit Card in the Philippines?Final Thoughts What are the Advantages of Credit Cards? It’s good to know the pros. But to manage your expectations, it’s good to know the cons as well. If you need help deciding, we’ve listed down 10 reasons why you should get a credit card, and why it’s even better than cash and debit cards. 1. Credit Cards Teach…

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Save Money With These 8 Rewards Credit Cards in the Philippines

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 Philippines1. Citi Rewards Card2. HSBC Red Mastercard3. Metrobank Femme Signature Visa4. Metrobank Titanium Mastercard5. Metrobank Rewards Plus Visa6. AUB Classic Mastercard7. Security Bank Classic Rewards Mastercard8. Maybank 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. Scroll down after the table for a more in-depth understanding of the top rewards credit cards in the Philippines. REWARDS CREDIT CARDS FEATURES & BENEFITS CITI REWARDS CARD Monthly income requirement: PHP 20,833.33 Interest rate: 2% 3x rewards points on shopping and dining Never-expiring points — use anytime, anywhere! HSBC RED MASTERCARD Monthly income requirement: PHP 16,666.67 Interest rate: 2%…

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11 Credit Cards for Beginners in the Philippines

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[1] 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 beginners. 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 cards for beginners that you’re most qualified for and suit your needs best, you’ll go along just fine. Table of ContentsFeatures to Look For in a Credit Card for BeginnersLow Annual FeeLow Income RequirementLow Credit Card FeesYour Desired Credit Card PerksTop Credit Cards for Beginners in the Philippines1. Citi Simplicity+2. AUB Easy Mastercard3. AUB Classic Mastercard4. Metrobank M Free Mastercard5. Metrobank ON Virtual Mastercard6. PNB Classic Visa7. EastWest Practical Mastercard8. BPI Family Savings Credit Card9. RCBC Bankard Flex Visa10. Security Bank Classic Rewards Mastercard11. UnionBank Classic VisaFinal Thoughts Features to Look For in a Credit Card for Beginners To trim down your options and save the most money, here are the things to prioritize when choosing the right credit card for beginners in the Philippines. Low Annual Fee Consider only cards with annual fees not exceeding PHP 2,000 so you…

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8 Credit Cards with Easy Application Requirements

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. If you’re looking for easy approval credit cards in the Philippines, here are your best options: Table of ContentsCredit Cards with Easy Application Requirements1. Citi Simplicity+2. HSBC Red Mastercard3. EastWest Practical Mastercard4. Security Bank Classic Rewards Mastercard5. PNB Visa Classic6. BPI Family Savings Credit Card7. RCBC Bankard InstaCard Secured Credit Card8. Security Bank Fast Track Secured Credit CardTips to Get Approved for a Credit Card1. Settle Outstanding Debts2. Open a Savings Account3. Review the Requirements4. Choose a Cheaper Credit Card5. Learn How Not to Get RejectedFinal Thoughts Credit Cards with Easy Application Requirements 1. Citi Simplicity+ ✅ Monthly income requirement: With existing credit card: PHP 15,000 Without a credit card: PHP 20,833 ✅ Annual fee: No annual fee for life ✅ Interest rate: 2% 📝 Citi Simplicity+ application requirements: At least 21 years old Active landline or mobile number Valid SSS, GSIS, TIN, or UMID number With existing credit card: Government-issued ID Without a credit card: Government-issued ID, certificate of…

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It’s Possible: How to Shop Online Even Without a Credit Card

You can’t deny the benefits of having a credit card. It makes you feel empowered because you can easily pay for the things that you need or want. This is especially true these days, as people are into online shopping. Add to that the fact that these tiny plastic cards offer exclusive perks and benefits, from rebates to airline miles. However, some people don’t have a credit card. This may be because they want to avoid certain financial problems down the road, knowing that they have a tendency to overspend. Others, however, find it hard to get qualified. Either way, the absence of credit cards makes online shopping quite a challenge. Maybe you want to feel the thrill of 11.11 or 12.12 sales. Or maybe, you just want to make your life much more convenient through online shopping. The good news is these are still possible even without that shiny plastic card. Read on to learn how to shop online without credit card. Read more: Save Money With These 8 Rewards Credit Cards in the Philippines Table of Contents7 Ways to Shop Online Without Credit CardDebit CardCash on DeliveryGCash or PayMayaVirtual Credit CardPrepaid CardsOver-the-Counter PaymentThe Online Shop’s Electronic WalletOn Shopping SafelyFinal Thoughts 7 Ways to Shop Online Without Credit Card Debit Card Whether it’s your payroll or personal debit card, you can use it for your online shopping escapades. Good thing, many online shopping platforms accept a wide range of debit cards, including Visa and MasterCard. One benefit of using a debit card is that you don’t run the risk…

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11 Credit Card Christmas Promotion Offers for Your Holiday Dining and Shopping

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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Metrobank Direct Online: Everything You Need to Know

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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I Lost My Credit Card. What Should I Do?

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: Is HSBC Platinum Visa the Most Rewarding Travel Credit Card?

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 perks 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 Rebate Credit Card is touted as the “ultimate shopping and travel rebate card.” Is this 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?Earn Travel and Shopping Rebates 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: 2% Minimum monthly income requirement: PHP 41,666.67 Cash advance fee: PHP 200 Late payment fee: PHP 1,000 or the unpaid minimum amount due, whichever is lower Overlimit fee: PHP 800 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? Earn Travel and Shopping Rebates Fast With the HSBC Platinum Visa card, you’ll enjoy one of…

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