All Articles With Category : Credit Card

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

UnionBank Credit Card Fees and Charges

As responsible credit card users, we must account for every fee we incur. Read on to find out the UnionBank credit card fees and charges as well as the way to avoid them. Table of ContentsThe Cash Advance Fees of UnionBank Credit CardsThe Interest Rates of UnionBank Credit CardsHow Do I Avoid Paying Interest?Avoid Late Payment Fees The Cash Advance Fees of UnionBank Credit Cards UnionBank credit cards cash advances are charged 6% of the transaction amount or P300, whichever is higher when the cash advance is done through an ATM. If the cash advance is done over-the-counter, an additional fee of P500 is charged on each transaction. An interest rate of 3.5% per month will also be due on each cash advance from the date of the advance until the amount is fully reimbursed. The interest accrues immediately when the amount of advance is included in the total outstanding balance. The cardholders of any credit cards offered by the UnionBank do not need to worry that the cash advance has a higher interest rate. The interest rate is same with the monthly effective interest rate (EIR). The only drawback is that cardholders have to pay the service fee for utilizing the cash advance facilities. The Interest Rates of UnionBank Credit Cards The Monthly Effective Interest Rate (EIR) of all the UnionBank Credit Cards is 3.5%. If you pay only the minimum amount or any amount less than the total amount due for the billing period, the interests apply on your outstanding balance. How Do I Avoid Paying Interest? When…

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What is a Credit Card Cash Advance?

The credit card cash advance fee is the fee you have to pay when taking out a cash advance against your credit limit. Before we start discussing the fees for the cash advance services of UnionBank credit cards, let’s have a closer look at the reasons why we need the credit card cash advance services and how to use it wisely. Table of ContentsWhat is Cash Advance?Why Do I Need the Cash Advance Service?Solving Cash EmergencyThe Other Side of Cash Advance What is Cash Advance? Cash advance is a service provided by many credit card issuers such as UnionBank. This service allows credit cardholders to withdraw cash using their credit cards. The cardholders can withdraw the cash either through an ATM or over-the-counter. Since the credit cards are prided on its cashless transaction facility, why are they providing the cash advance services simultaneously? Why Do I Need the Cash Advance Service? There are retailers who will require immediate payment by either check or cash. A debit card may save your day if it has sufficient balance to pay for the purchases. When in such a predicament, taking out a cash advance against the credit card balance may be a good solution. Solving Cash Emergency The credit card cash advance service can be a convenient and easily accessible option to fulfil short-term cash need. It can be an important source of funds in an emergency. However, they are not designed to be a long-term solution for your financial needs. The excessive use of cash advances will backfire and may even lead…

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Annual Fee of UnionBank Credit Card (Part 2)

In the previous article, we have discussed what co-branded cards are and how we can avail of the perks of these cards. Now, let us proceed to the annual fees of these UnionBank co-branded cards. Later in the article, we will also talk about the UnionBank specialty cards and the corporate Visa credit cards. Table of ContentsThe Annual Fee of UnionBank Co-Brand Credit Cards5 Different Types of UnionBank Specialty CardsUnionBank Corporate Card ProgramThe UnionBank Corporate Visa Credit Card The Annual Fee of UnionBank Co-Brand Credit Cards Type of Co-Brand Cards Annual Fees(Principal Card) Annual Fees(Supplementary Card) PAO P2,000 P750 Gold P2,500 P1,250 Classic P1,500 P750 Here’s good news for those who are going to apply for the PAO credit cards as well as the existing PAO cardholders- by paying only P2,000 per year, you can settle the PAO credit card annual fees as well the annual membership fees of the Philippine Academy of Ophthalmology (PAO). 5 Different Types of UnionBank Specialty Cards Specialty cards are credit cards with reward programs that can cut-off your spending or make the most of your hard-earned money. The perks may come in the form of points, discounts or cash-rebates. The points can be traded off for merchandise, gift cards, free hotel stays and home improvement purchases. Type of Specialty Cards Annual Fees(Principal Card) Annual Fees(Supplementary Card) BAi P1,500 P750 Titanium P3,000 P1,500 Shop & Talk P1,500 P750 OmniPass P1,500 P750 GT+R P1,500 P750 Here’s a notification for the OmniPass cardholders- they will need to pay the program fee of P500 as well. UnionBank Corporate…

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How Much is the Annual Fee of a UnionBank Credit Card?

If you wish to get a credit card, one of the unavoidable fees is the annual membership fee. UnionBank Credit Cards are no exception. However, they are reasonable and affordable.  In this article, we will discuss the affordable annual fees of UnionBank Credit Cards. Table of ContentsUnionBank Credit CardsAnnual Fee of UnionBank Brand CardsWhat are Co-Branded Credit Cards? UnionBank Credit Cards UnionBank is known as one of the best banks in the Philippines. Since its establishment in 1981, UnionBank has introduced a wide array of credit cards to cater to the needs of various customers in the Philippine market. Let us have a look first at the annual fee of UnionBank-branded credit cards. Annual Fee of UnionBank Brand Cards Type of Brand Cards Annual Fees(Principal Card) Annual Fees(Supplementary Card) Platinum P3,000 P1,500 Gold P2,500 P1,250 Classic P1,500 P750 The annual fees vary according to the type of card. It is best to pick a card that suit your lifestyle and needs. With UnionBank Credit Card, your every peso spend will earn you the reward points that can be used to redeem goodies, and travel fares. What are Co-Branded Credit Cards? Co-branded cards are credit cards offered by UnionBank that are jointly sponsored by the bank and the retail merchants. There are a lot of co-branded cards issued by the UnionBank. These co-branded cards often come with a great variety of incentives, such as discounts and rebates. We will be discussing the different co-branded cards in the coming articles.

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Rewards of the UnionBank Shop & Talk Card

We always wish to make the most of our hard-earned money. This is why we never stop searching for a credit card with alluring and attractive reward programs. Now, let’s have a look at the UnionBank Shop & Talk Credit Card and assess its reward program. Table of ContentsConvert your Reward Points to Peso LoadTalk with Loved Ones over the PhoneHow to Earn Reward Points?The Non-Expiring Reward Points of the Shop & Talk Card Convert your Reward Points to Peso Load While most credit cards in the Philippines offer reward points that can be used to redeem goodies, the Shop & Talk Card offers reward points that can be converted to load and credited to the cardholder’s number automatically. Talk with Loved Ones over the Phone For most of us, the cellphone is one of the most accessible and personal means of communication. We can spend hours discussing from trivial matters to the most intimate secrets to our friends and family relatives. How to Earn Reward Points? The Shop & Talk Card has an automatic redemption feature (for more information, click here). It offers us two ways to earn points at ease. We can earn P0.10 load with every P20 spend charged to the Shop & Talk Card. Meanwhile, for every P50 worth of revolving we can earn P0.10 load with every P20 spend charged to the Shop & Talk Card. Meanwhile, for every P50 worth of revolving outstanding balance, we can also earn a P0.10 load. The Non-Expiring Reward Points of the Shop & Talk Card There is no…

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How to Redeem UnionBank Credit Card Points

With the UnionBank Shop & Talk Credit Card, you can redeem reward points by charging your purchases. Apart from that, you can get a rebate as well. Read on to find out the way to earn the rebate. Table of ContentsPurchase Load and Get 5% RebateAutomatic Reward Redemption of the Shop & Talk Credit CardHow Can I Receive the Load?The Fee You Can’t Avoid- The Annual FeeThe Interest Rates of the Shop & Talk Credit Cards Purchase Load and Get 5% Rebate With the Shop & Talk Credit Card, you can get a 5% rebate every time you charge your load to the card. The reload must be purchased via the mobile banking in order to earn the rebate. The rebates are earned for load purchases of P15 and above. Each transaction will be charged P2.50. Who can avail of this beneficial feature? Smart Subscribers Talk & Text Subscribers Sun Subscribers Globe Subscribers Touch Mobile Subscribers Take advantage of the convenient load purchases and get true value for your hard-earned pesos. Your rebate will be reflected on your Statement of Account. Automatic Reward Redemption of the Shop & Talk Credit Card Like the other credit cards available in the Philippines market, the Shop & Talk Credit Card offers rewards to its valued customers. The more you spend, the more reward point you earn. However, the cardholders of the Shop & Talk Credit Card do not need to redeem their rewards. The reward points will automatically be converted to cellphone load and be credited to the cardholders’ cellphone number. How Can…

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Rewards Point of The Citi Platinum Card- Get The Most Rewards From Your Purchases

If you are on the lookout to get the most from your hard-earned money, why don’t spend a few minutes and take a look at the Citi Platinum Card? We will be looking at the benefits offered by this card, especially its attractive reward program.  Table of ContentsThe Never-Expiring Citi Reward PointsGet More Rewards Points For Every P30 SpendThe Merchant Category CodesI Want to Get the Bonus The Never-Expiring Citi Reward Points Since we have expenses on everyday necessities, how can we make the most of our every spent peso? With the Citi Platinum Card or even with Citi PremierMiles Card, 1 Citi Reward Point is gained for every P30 spent. The Citi Rewards Point also never expire. Get More Rewards Points For Every P30 Spend The cardholders can earn more points for every P30 spend made at the department stores and shopping boutiques in the Philippines. They can earn 3 points for every P30 spent. The purchases can be made in either at mortar-and-brick stores or online retail shops. This privilege also applies on every P30 spent at restaurants in the Philippines. Three points are earned for every P30 spent overseas, whether in-store or online. Anyone can grab items online and earn the reward points at the same time. The Merchant Category Codes A merchant category code (MCC) is a 4-digit number assigned to a business by the bank when the business begins accepting Visa or MasterCard as a form of payment. Thus, the Citi Platinum Card cardholders need to pay attention to the merchant category codes that vary from…

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How to Apply for a Citi Platinum Card

If you are thinking of getting the Platinum Card from Citibank through online application, read on to find out your eligibility and documents needed to apply. Table of ContentsAm I Eligible to Apply for the Citi Platinum Card?Still Lining up at the Counter? Just Apply OnlinePrepare Your Documents and Save Yourself from TroublesDon’t Miss out these Documents if You are Employed!Watch out if you are Self-Employed!Crucial Documents for Non-Filipino ApplicantsThe Annual Membership Fee of Citi Platinum Card! Am I Eligible to Apply for the Citi Platinum Card? If you can fulfill the criteria listed below, the Citi Platinum Card can be yours: At least 21 years old or above Residing in the Philippines and has a valid Philippine billing address The annual income must be P1,000,000 or above Have a Tax Identification Number (TIN) and SSS/GSIS No. Have a postpaid landline or a postpaid mobile device Still Lining up at the Counter? Just Apply Online Applying online for the Citi Platinum Card will take only about 15 minutes or less. The Citi Platinum Card is open to both Filipinos and non-Filipino citizens. Applicants need to fill out the following information on their online application form[1]. Personal information Employment/Financial information Other credit card information Once the online application form is completed, it’s time to prepare the necessary documents to earn the approval for your credit card! Prepare Your Documents and Save Yourself from Troubles When it comes to Citi credit card application like for Simplicity+ Card or Citi Rewards Card, some of us will frown and sigh at the document submission…

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All About the EON Visa Debit Card (Part 2)

Are you planning to get your own EON Visa Debit Card?   In this second part, we answer other questions that you may have regarding the EON Visa Debit Card. Table of ContentsCan I immediately use my EON Visa Debit Card once I receive it?Can I replace/renew my card online?Other Errors and QuestionsWhat should I include in my writing complaints? Can I immediately use my EON Visa Debit Card once I receive it? Yes, you can use your new EON Visa Debit Card for any money transactions once you receive it. For online applicants, they can claim their card after submitting their documents at the UnionBank pick-up branches. On the other hand, cardholders who fill out the application form over the counter can only receive their EON Visa Debit Cards after 5 banking days. You can use your EON Visa Debit card at the instant you receive it. You can swipe it at any accredited Visa merchants all around the world and withdraw your money at any Megalink ATMs and Visa Plus ATMs. Apart from these, you can also immediately link the EON Visa Debit Card to your PayPal account. (Click here if you wish to know how to sign up for a PayPal account.) Can I replace/renew my card online? The EON Online Application is only meant for new card EON Visa Debit Cards application. If your EON Visa Debit Card has been damaged or needs to be renewed, the card replacement and card renewal actions cannot be performed online. (UnionBank EON Visa Debit Cards will expire after 3 years.) In…

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All About the EON Visa Debit Card (Part 1)

Applying for UnionBank EON Visa Debit Cards online is very convenient and easy. However, from time to time, some problems may surface during the process In this blog, we will tackle common questions you may face and ways to solve them! However, from time to time, some problems may surface during the process In this blog, we will tackle common questions you may face and ways to solve them. Table of ContentsDid Not Receive Your Reference NumberLost or Forgot the Reference NumberNo UnionBank Pick-up Branch is Nearby Did Not Receive Your Reference Number After filling out the application form, a reference number is given to indicate that the online application was successfully processed by UnionBank. There are certain cases wherein users do not receive their reference number after they have submitted their online application forms. If you do not receive any SMS or email notification from UnionBank after waiting for a couple of hours or a few days, just fill out the online application form again until you receive your reference number. If you did not receive any SMS or email notification from UnionBank after a few days, fill out the online application form again until you receive your reference number. You will not be charged any fee for filling out the form again and again. (Only repeat this action when you still can’t get the reference number.) Lost or Forgot the Reference Number In such cases, go to the selected UnionBank’s pick-up branch and give your name to the representative. The bank will help you validate your request and complete the…

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UnionBank Great Treats & Rewards (GT+R) Credit Card

Housing and auto loans come with unavoidable monthly payments. Receiving benefits when getting a loan is sometimes a benefit that people focus on. As for the UnionBank Housing and Auto Loans borrowers, they could benefit from the UnionBank Great Treats & Rewards Credit Cards which act as a rewards platform offered by the bank to loan customers. Table of ContentsThe Great Treats & Rewards Credit CardWhat are the Standard Features of UnionBank Credit Cards?The Fees And ChargesHow About the Rewards and Rebates? The Great Treats & Rewards Credit Card The UnionBank Great Treats & Rewards credit card is a Visa credit card as well as a fully-equipped reward card given to housing or auto loans borrowers. As a Visa credit card, it is accepted worldwide at any Visa accredited merchant. The features and benefits of the GT+R credit cards are similar to other UnionBank credit cards. The Light Installment Program offers up to 36 monthly installment terms at a 0% interest rate for any purchases above P3,000 at any UnionBank’s partner establishments. What are the Standard Features of UnionBank Credit Cards? The loans borrowers, especially the UnionBank Auto Loans borrowers, are likely to be attracted by the Auto-Insurance Installment Program which is one of the standard features of UnionBank credit cards. Besides having discounts on the insurance premiums, borrowers can also enjoy easy payment terms which are up to 12 monthly installments at a 0% interest rate. In addition, cardholders can choose from several convenient methods to make their monthly payments. They can choose to pay over-the-counter at any UnionBank branches, via UnionBank…

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