All Articles With Category : Credit Card

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

Steps to Apply for a Forever 21 BDO Credit Card

In previous articles, we discussed the irresistible perks of the BDO Forever 21 MasterCard. If you want to get this card before you embark on your next shopping trip, these are the criteria you must fulfill to be eligible: The principal cardholder must be at least 21 years old and not older than 70 years old. The supplementary cardholder must be at least 13 years old. The Filipino as well as the non-Filipino citizen can apply for the card. However, the non-Filipino citizen must be residing in the Philippines not less than 2 years. The applicants must be employed. If they are self-employed, they must prove that their business have been operating for at least 2 years. The applicants’ annual gross income must be at least P420,000. The applicants’ home or office address must be within the area where any BDO branches are located. Read More: BDO Forever 21 MasterCard- Buy Now, And Pay Later (Part 2) Table of ContentsDocuments Required to Apply for the BDO Forever 21 MasterCardFilipino applicants with credit cards (employed & self employed) Filipino applicants without credit cards (employed & self-employed) Non-Filipino applicants Documents Required to Apply for the BDO Forever 21 MasterCard Filipino applicants with credit cards (employed & self employed) 1. Photocopy of the latest credit card account statement or credit card charge slip (must be less than 30 days from the transaction date) 2. Photocopy of the front of an existing credit card (only the front, as the back of your credit card contain important information that should remain confidential) 3. Photocopy of the front and back of…

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Getting the Most Out of Your Credit Card

It is easy to apply for a credit card but using it requires control and discipline. If not used properly, this can cause financial trouble on your end, and you might even end up in huge debts! If you are a credit card owner, read on the following tips on using your credit card wisely and using it to your own advantage: 1. Take advantage of reward points. Credit card providers offer a slew of benefits that most people don’t take advantage of like the reward points. Every time you make a purchase, you earn reward points. You can accumulate these reward points in exchange of special items or other offers such as discounts on airline tickets, gift certificates, hotel accommodations, and a lot more. 2. Use it for your needs. Always identify the thin line between your needs and wants. As much as possible, use your credit card for your needs rather than your wants. For instance, use it to purchase your groceries, your fuel, and any other items that you would normally use your debit card for. The more you spend, the bigger the rewards you get. 3. Use but don’t abuse. Do not use your credit card to pay for that next shoe purchase just because you want to. Try your best to resist on swiping away on an item that you think is a mere want of the moment, especially if you think it is out of the budget. Make sure you purchase something that you will be able to pay on the next billing. 4. Pay in full and pay on…

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When to Give a Credit Card to Your Teenage Kid

There are many advantages you can get from a credit card. This thin, plastic card is all you need to settle all any transaction anywhere, anytime. You no longer have to carry a lot of cash in your bag or your wallet. Plus, you can earn points from using the card—points which can be exchanged for gifts items, free flights, and other rewards. You can even pay your bills and track your expenses more easily because a credit card provides an electronic record of all your expenditures. Read more: #KidsTheseDays: They Are Not How We Remember Them To Be However, is it advisable to give your teen his or her own credit card? Table of ContentsAsk Why Your Teenage Child Needs a Credit CardBanks do not Grant Credit Cards to TeensOther Options for Credit CardsTeach Your Teen to be Responsible Ask Why Your Teenage Child Needs a Credit Card We all know that credit cards can come in handy during emergencies, but there is also a risk of them being misused, especially at the hands of youngsters. Here are some questions to ask your teen to help you evaluate whether he or she is ready to be trusted with the privilege: Why do you need a credit card? Where would you like or need to use a credit card? What are the items you would buy using the card? Would you rather have a credit card or cash allowance? Will you face the consequences if you reached your credit limit? These questions will give you an idea about your teen child’s perception…

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Use Your Credit Card to Help in Relief Efforts

Typhoon Yolanda (international name: Haiyan) brought so much death and destruction to central Visayas that it sparked profound sympathy for the survivors. Scores of local and international relief efforts were immediately mobilized. Many individuals as well as companies, big and small, did their share to help survivors. These included credit card providers that thought of ways to aid relief efforts. Table of ContentsLocal Yolanda Relief Efforts by Credit Card ProvidersInternational Credit Card Holders can also Help the PhilippinesTyphoon Yolanda’s Impact in Numbers Local Yolanda Relief Efforts by Credit Card Providers Locally, BDO is allowing their credit card holders to donate their credit card points to the BDO Foundation. Those with 2,000 Elite Points can donate these for an equivalent donation of P500. For card holders that have regular points, they can donate 2,778 regular points to make a P500 donation. Card holders can donate more in those increments. BDO’s promos page also says that BDO and American Express Cards can be used to make donations to the BDO Foundation, SM Foundation, ABS-CBN Foundation, Sagip Kapamilya, GMA Kapuso Foundation, and the Philippine Red Cross. BDO cardholders can call 631-8000 to make the donation. Unionbank is also helping Yolanda relief efforts through their USHARE program. Unionbank is helping the Aboitiz Foundation, the Philippine Red Cross, De La Salle University, Caritas Manila, and the American Chamber Foundation by providing them with the USHARE platform as an easy way for these organizations to get funds. Donors who go on the USHARE site can choose one of their partner organizations that they want to donate…

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Fees and Charges of the BDO Forever 21 MasterCard

In this article, we will discuss the interest rate, annual membership and other fees and charges you need to know before getting a BDO Forever 21 MasterCard. Table of ContentsThe Annual Membership Fee of the Forever 21 MasterCardThe Interest Rate of the BDO Forever 21 MasterCardThe Monthly Minimum Payment for the BDO Forever 21 MasterCard The Annual Membership Fee of the Forever 21 MasterCard Currently, the BDO Forever 21 MasterCard comes with a monthly membership fee of P200, making the annual fee equal to P2,400. Meanwhile, you can as well get a supplementary card for your family by paying P100 per month or P1,200 yearly. Fortunately, the first year annual fee of the principal Forever 21 MasterCard is waived. The first supplementary enjoy free membership fee for life. The annual fees of the subsequent supplementary cards are waived for the first year. The Interest Rate of the BDO Forever 21 MasterCard The interest rate of this card is 3.00% per month. To take full advantage of the low-interest rates of the Forever 21 MasterCard, you can transfer the balances from your other credit card with interest rate higher than 3.00% to your Forever 21 MasterCard. Through this, you can save more by veering away from the high financial charges of your other credit cards by paying lower interests. If you wish to avoid paying the interest, just pay the balance in full before each month ends. It may be hard but the pain is worth. The money you saved from paying from the interests can be used in better place…

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BDO Forever 21 MasterCard- Buy Now, And Pay Later (Part 2)

The BDO Forever 21 Master Cardholders can now purchase items on installment from over 10,000 partner stores nationwide at 0% interest. They can as well choose among the instalment terms ranging from 3, 6, 9, 12, 18, 24 and 36 monthly instalment for either a single or accumulated purchase amount not less than P3,000.

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BDO Forever 21 MasterCard- Buy Now, And Pay Later (Part 1)

Apart from what we have discussed previously (click here to see the previous article), for each and every transaction done in the Forever 21, the reward points are tripled. For every P200 spent in Forever 21, cardholders are guaranteed to get 3 reward points in return. Earn more points when you shop in Forever 21 and use the points to redeem exclusive items from Forever 21. Table of ContentsFashionistas and Shopaholics, RejoiceThe Easy Pay Installment- Buy Now and Pay LaterWatch out when you Pay your Purchase on Installment! Fashionistas and Shopaholics, Rejoice With Forever 21 MasterCard, the more you buy, the more incentives you get. These makes purchases from Forever 21 of better value for cardholders.  Shop till you drop while experiencing the triple reward point system with your Forever 21 MasterCard in Forever 21. The Easy Pay Installment- Buy Now and Pay Later Once in a while, we come across shopping items that really attract us. Yet, due to insufficient funds, we can only let go of them. Though charging the purchases to credit cards may be a good solution, it may endanger our financial portfolio in the long run. Fortunately, with the BDO Forever 21 MasterCard, these problems can be solved easily. The BDO Forever 21 Master Cardholders can now purchase items on installment from over 10,000 partner stores nationwide at absolutely 0% interest. They can choose among various installment terms (3, 6, 9, 12, 18, 24 and 36 monthly installments) for either a single or accumulated purchase amount which is not less than P3,000. Now you can…

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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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What You Can Get from a BDO ShopMore MasterCard

Eager to get yourself a credit card so that you can enjoy shopping trips with the comfort of being able to make payments on an installment basis while earning reward points? Then, you might want to look into the BDO ShopMore MasterCard. Read more: 7 Free Online Courses to Help You Earn More Money Table of ContentsWhat’s So Special About the BDO ShopMore MasterCard?1. Using a stone to kill two birds, or maybe more2.  Rebate during SM’s 3-Day Sale3. Membership Fee4. Finance Charge5. Easy Pay Installment6. Worldwide AcceptanceShopMore Instant Shopping Discount What’s So Special About the BDO ShopMore MasterCard? 1. Using a stone to kill two birds, or maybe more The BDO Shop More MasterCard comes with a free SM Advantage Card. This enables you to get more value value of every peso you spend: earning reward points while shopping in SM Department Stores, SM Affiliates, and other SM Advantage Card partner establishments. With the BDO ShopMore MasterCard, you will get an additional 0.5 points on top of regular points earned in your SM Advantage Card. SM Advantage Cardholders can earn 1 point for every P200 payment. However, the ShopMore MasterCard will get you an additional 0.5 points, making it a total of 1.5 points for every P200 purchase. 2.  Rebate during SM’s 3-Day Sale Cardholders can get a 5% rebate during SM’s 3-day Sale, with a minimum spending of P5,000. In addition, cardholders can get a 10% discount on top of the sale price if they shop during the first 2 hours of the first-day sale. How to get the…

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