Balance Transfer Credit Cards: Guide for Cardholders in the Philippines
- By Venus Zoleta
- September 17, 2020
Are your credit card payments becoming too much of a burden? If you’re paying high interest on your balance every month, it’s time to switch to a balance transfer credit card with a lower interest rate. Doing so prevents worst-case scenarios like accumulating huge credit card debt. Manage your credit card payments better through balance transfer. Get started with this guide to balance transfer credit cards in the Philippines. What is a Balance Transfer Credit Card? A balance transfer credit card is a low-interest card where you can move the amount you owe on your other high-interest cards. Because of the lower interest rate, most of your payments will go toward your principal balance instead of the interest charges. This helps you save money on interest payments and pay off your debt faster. This type of credit card also simplifies your payments by consolidating your balances on other cards into one monthly payment and due date. Read more: Credit Card Balance Transfer: 8 Things Cardholders Need to Know How to Choose the Best Balance Transfer Credit Card The right credit card features spell the difference between paying off your balances fast and getting buried deeper in debt. Here’s what you can do to free up your finances with the best balance transfer credit card. 1. Compare Balance Transfer Features and Fees Pay close attention to the following when choosing from different balance transfer credit cards: Balance Transfer Rate Once your balance transfer credit card is approved, an introductory rate (ranging from 0% to 2.15%) is charged on your transferred balance…
Read the Article
#MagpaRehistroKa: COMELEC Registration 2020 Guide for Voters
- By Venus Zoleta
- September 11, 2020
September 1 marks the start of Ber months, aka the Christmas season, in the Philippines. But many aren’t aware that it’s also the start of voter’s registration for the May 2022 elections. Before you get too busy with the holiday preps, don’t forget to fulfill your duty as a Filipino citizen. If you aren’t a voter yet, you need to register first with the Commission on Elections (COMELEC). Why bother to register? Voter’s registration is the first step to exercising your right to vote for the next leaders who will shape our country’s economy, international relations, public health, and other critical national policies. #MagpaRehistroKa na! Here’s a quick guide to walk you through COMELEC registration 2020. What is Voter’s Registration? Voter registration is the process in which a qualified voter files a sworn application before the election officer of the city or municipality where the applicant lives. Upon approval by the Election Registration Board, the applicant’s record is included in the book of voters. It’s a requirement for any Filipino who wishes to join in choosing the next public officials in the Philippine elections, as well as those who plan to run for public office. Who Can Register as a Voter in the Philippines? You’re qualified to register as a voter in the Philippines if you meet all these eligibility requirements: Filipino citizen who has never registered with COMELEC At least 18 years old on or before the upcoming election on May 9, 2022 At least 15 but not older than 30 years old for Sangguniang Kabataan (SK) Elections Living…
Read the Article
Security Bank Online Guide for Hassle-Free Banking at Home
- By Venus Zoleta
- September 10, 2020
Before the COVID-19 pandemic, over-the-counter transactions at Security Bank are smooth and efficient, as branches are less crowded compared to other commercial banks in the Philippines. You might be used to that setup, but the pandemic has changed the way we bank. It’s now safer to complete transactions like paying bills and transferring money online than in-person at a bank branch. If you’re a Security Bank client, you’ll be glad to know that Security Bank Online (SBOL) and the Mobile App not only help you avoid physical contact (which raises the risk of getting the coronavirus) but also make your financial transactions a lot more convenient. Here’s your guide to using Security Bank Online banking services. Security Bank Online Registration Before you can use any online banking feature, you have to enroll your account in Security Bank Online. Note that you can register only through the web version. Registration of newly opened accounts is not available on the Security Bank Mobile App. However, you can access your online banking account through your smartphone as soon as you’re done with your account enrollment online. What Account Types Can I Enroll Online? Security Bank allows enrollment of the following types of active accounts in its online banking platform: Bank accounts (individual CASA/FCDU accounts and joint CASA accounts) Credit cards of primary cardholders CashlinkPlus prepaid cards Unit Investment Trust Fund (UITF) accounts Term deposit accounts (for additional enrollment only) How to Create a Security Bank Online Account To open an online banking account with Security Bank, you can do it either through online…
Read the Article
What is the Best Credit Card to Pay Bills in the Philippines?
- By Venus Zoleta
- September 8, 2020
Using a credit card is one of the most convenient and safest ways to pay bills. It spares you the hassle of lining up at malls and remittance centers and paying in cash or check. Instead, you can make utility payments online with your card at home. When you pay bills with a credit card, you can track your expenses more easily. You can just view your card’s billing statement to check if all your bills for the month are settled. What’s the best credit card to pay bills, you might ask. It’s the one that provides maximum savings and convenience when used to pay for electricity, water, mobile postpaid, internet, cable, and other utilities. Keep reading to learn more about the best credit cards to pay utility bills in the Philippines. Read More: A Guide to Paying Electricity Bills with Meralco Online Simple Steps to Check and Pay for Your Maynilad Water Bill Online What to Consider When Choosing the Best Credit Card to Pay Bills Cashback or Rewards for Bills Payment Do I get cashback for paying bills?You might be wondering if you’ll be rewarded for using a credit card to pay bills. Well, it depends on the card. Some credit cards earn cashback or rewards points on utilities while others don’t. If you pay a lot of bills every month, it’s best to get a cashback or rewards credit card that lets you collect rebates or points each time you charge your utility payments to it. Rather than overspend on non-essentials, you rack up more rewards with…
Read the Article
Fast Food Delivery in GCQ: What Restaurants are Open?
- By Venus Zoleta
- September 4, 2020
Fast food delivery is, fortunately, one of the few things we still get to enjoy even in the wake of the COVID-19 pandemic. Although preparing your meals at home is cheaper and healthier, you just have to order your fast food favorites when you’re too busy or lazy to cook. Need a quick work-from-home meal as you’re rushing to meet deadlines? Want to treat yourself on your cheat day? Craving some comfort food? Simply order food from the restaurant and have it delivered to you. It’s more convenient and safer than dine-in and takeout. Good news for early birds, night owls, and those with late-night food cravings: the 24/7 delivery services of fast food chains are back in Metro Manila under the general community quarantine or GCQ. Do you live in a GCQ or MGCQ area? Take your pick from these delivery options from the top fast food chains in the Philippines[1]. Fast Food Delivery Services in GCQ and MGCQ Jollibee Delivery hours: 7 a.m. to 9 p.m. How to order: Jollibee Delivery hotline: #87000 Website: www.jollibeedelivery.com (for orders worth PHP 3,300 and below) Jollibee official app Food delivery apps: GrabFood, Foodpanda, LalaFood Minimum food purchase: PHP 200 Payment options: Cash, credit/debit cards (through online payment or upon delivery), PayMaya McDonald’s Delivery hours: Breakfast: 3:50 a.m. to 10:20 a.m. Regular menu: 10:21 a.m. to 3:49 a.m. 24-hour delivery service at select McDo branches[2] How to order: McDelivery hotline: 8888-6236 (Metro Manila) Delivery hotlines in areas outside Metro Manila[2] McDelivery website: www.mcdelivery.com.ph McDelivery PH official app McDo Facebook Messenger: m.me/McDo.ph Food delivery apps:…
Read the Article
From Payment to Eviction: Tenant’s Guide to Rental Laws in the Philippines
- By Venus Zoleta
- September 3, 2020
I can’t pay my rent because I’ve lost my job. Can I be evicted? Rental law questions in the Philippines during the COVID-19 crisis are usually about eviction. As more families have lost their income due to the lockdown, the fear of losing one’s home becomes real. Small businesses are also struggling with their rental payments after being closed throughout the enhanced community quarantine (ECQ). Disagreements between landlords and tenants have been common even before the pandemic broke out—the current crisis has made them worse. If you’re in such a situation, it helps to know that rental laws in the Philippines exist to protect your rights as a tenant. Rental Law Philippines: What You Need to Know Two laws regulate residential and commercial leases in the Philippines: the Rent Control Act and the Civil Code. Here are the key differences between the two rental laws in the Philippines. Rent Control Act in the Philippines Republic Act 9653[1], better known as the Rent Control Act of 2009, is the law that protects housing tenants (especially in the lower-income class) against unreasonable rent increases. It also provides the eviction rules that both landlords and tenants must observe. This rental law in the Philippines covers housing units with a monthly rent of up to PHP 10,000 in Metro Manila and other highly urbanized cities nationwide. Particularly, the following rental properties are covered by the Rent Control Act: Apartments Boarding houses, bedspaces, dormitories, and rooms for rent Houses and/or land Landlords and renters who violate any provision of the rental law face penalties—a fine of…
Read the Article
Home Renovation 101: How to Renovate Your Home on a Budget
- By Venus Zoleta
- September 1, 2020
Everyone deserves their dream home at a price they can afford. But can you really renovate a home on a shoestring budget? Home renovation doesn’t have to be costly. Think strategically about the materials, design, and timing of your renovation project. To stick to a tight budget, do simple tasks yourself, collaborate with a contractor, and be on the lookout for sales. Read on to get more money-saving home renovation tips and ideas. Tips to Save on Home Renovation Cost in the Philippines 1. Set a Budget and Stick to It Start with a well-defined budget that covers all home renovation costs. This ensures you will not overspend on renovating your house. Take stock of all the things you need to pay for, such as labor, materials, tools and equipment, permits, and cleanup service. Also, set aside a contingency fund—around 10% to 20% of your total budget—for unforeseen expenses. Put your home renovation cost breakdown in a spreadsheet that will also serve as your house renovation checklist[1]. Refer to this file from time to time to check if your spending is on track with your budget. 2. Start the Planning Early on By leaving everything at the last minute, you risk overspending on mundane things. To stay within your budget, start lurking the aisles at various home improvement centers and hardware stores, so you can compare prices of various appliances and fixtures. 3. Find the Right Home Renovation Loan Ideally, you have cash savings to pay for all the costs of remodeling your space. However, the home renovation cost in…
Read the Article
Moneymax Reviews: Is AUB Platinum the Right Premium Card for You?
- By Venus Zoleta
- August 28, 2020
We’re back for another edition of Moneymax Reviews! Our past editions explored three of AUB’s credit cards: the Easy, Classic, and Gold Mastercard. This time, we’re doing an in-depth AUB Platinum Mastercard review. Judging from its name, you might expect the Platinum Mastercard to be chock-full of exclusive benefits for affluent clients. Indeed, this is marketed as the most premium AUB credit card, catering to high income earners. Now several questions come to mind. Does the AUB Platinum credit card live up to expectations? Is it the best premium card around? Is it worth signing up for? In this AUB Platinum Mastercard review, let’s see how the card measures up as a premium credit card. AUB Platinum Mastercard Key Features The Platinum Mastercard comes with standard features you’d expect from an AUB credit card. Annual fee: No annual fee for life! Interest rate: 3.50% Minimum monthly income requirement: PHP 100,000 Cash advance fee: None Late payment fee: PHP 700 or the unpaid minimum amount due, whichever is lower Overlimit fee: None Foreign transaction fee: 1% service fee added to the sum of peso conversion and Mastercard fees Card replacement fee: PHP 500 Read more: 6 Easy Steps to Applying for an AUB Credit Card Why Should I Get an AUB Platinum Mastercard? No Need to Pay Annual Fees Premium cardholders typically pay a high price for using their card’s wide range of benefits. Most premium credit cards in the Philippines have expensive annual fees, usually between PHP 5,000 and PHP 6,000. The AUB Platinum Mastercard is the exception rather than the rule. In fact, it’s one of the few…
Read the Article
10 Best Credit Cards for Small Businesses in the Philippines
- By Venus Zoleta
- August 25, 2020
For entrepreneurs, a credit card for small business is not just an option but rather a necessity. Whether you’re a freelancer, online seller, or solopreneur with several employees, there’s a card that best meets your needs for managing your business finances. Here’s everything to know about small business credit cards in the Philippines and how to find the perfect card for your business. Benefits of a Credit Card for Small Business Having a small business credit card allows you to conveniently pay for various costs—like equipment purchase, accounts payable, and more—without using cash or issuing a check. When you need to pay with cash, you can use a card as a source of credit instead of getting a loan. Access to cash is faster with a credit card than a business loan. Also, you get to borrow only what you need with a card compared to a loan. The best advantage of a credit card for small business is how it makes tax preparation and filing more convenient. With a dedicated credit card, you can keep your personal and business expenses separate. It’s easier to compute your income tax that way. You may also deduct from your tax the interest and other credit card fees as part of your business expenses. How to Choose the Best Credit Card for Small Business Determine What You Spend the Most on Perks such as credit card rewards and cashback vary from one card to another. Choose a small business credit card that rewards you the most on the types of purchases and payments…
Read the Article
Want to Start a Loading Business? Here’s a Quick Guide for You
- By Venus Zoleta
- August 24, 2020
Thinking of starting a cellphone loading business as a sideline? It’s one of the cheapest small businesses to start in the Philippines, with a capital of less than PHP 2,000. Anyone—including housewives, students, kasambahays, sari-sari store owners, and office workers—can easily earn money as a prepaid load retailer. An e-loading business may not be very profitable, but it’s still a good opportunity to earn extra income on the side. With almost 130 million mobile prepaid subscribers in 2019, the Philippines has a huge market for e-loading services. And it will keep growing. Customers will keep coming to loading stations to buy prepaid load for calling, texting, or surfing the internet. Ready to become an e-load retailer? Learn how to be a load wallet dealer with these six easy steps. How to Start a Loading Business in the Philippines 1. Decide Where and How You’ll Run Your Cellphone Loading Business Where and how will you operate your e-loading business? Who will you sell load to? Determine these things first before you start a loading station business. The best thing about setting up a cellphone loading business is its flexibility. You can add it to your business, like a sari-sari store or internet cafe, especially if it’s in a location with good foot traffic[1]. If you don’t have an existing business, you can still sell a load to family, friends, and neighbors from your home. Read more: 15 Profitable Business Ideas You Can Start at Home 2. Get a Cellphone for Your Loading Business Any basic mobile phone released from 1999 onwards, preferably…
Read the Article
Swab Test and Rapid Test Price: COVID-19 Testing Guide
- By Venus Zoleta
- August 20, 2020
How much does peace of mind cost nowadays? In the new normal, it will have you forking out thousands of pesos to find out whether you have COVID-19 or not. There’s a growing demand for COVID-19 testing in the Philippines. More and more Filipinos are taking the initiative—despite the steep swab test and rapid test price—just so they can sleep at night knowing they’re safe. If they’re found to be infected, at least they know they should self-isolate at home. Some patients undergo COVID-19 testing so they can return to work, while others need it so that they can go back to their families in the province. Whatever’s your reason for taking a test, the whole point of getting a COVID-19 test is to protect your loved ones and the people around you from the pandemic. Let’s take a look at two of the widely used COVID-19 testing methods in the Philippines—the rapid test and the swab test—and their prices, differences, and where you can get tested. Rapid Test Price Range The cost of rapid antibody tests in the Philippines ranges from PHP 1,500 to PHP 2,500. This COVID-19 testing method is cheaper than a swab test. However, if you get a positive result from a rapid antibody test, you’ll have to spend an additional amount on a swab test for confirmation. Swab Test Price Range Private hospitals in the Philippines charge between PHP 5,000 and PHP 8,150 for each swab test. Senior citizens and PWDs can avail of the mandatory 20% discount and VAT exemption. Swab test prices are…
Read the Article
12 Best Supplementary Credit Cards to Get for Your Loved Ones
- By Venus Zoleta
- August 18, 2020
Applying for a new credit card? If you have family members who depend on you for financial support, consider getting each of them a supplementary credit card along with your own primary card. Rather than applying for additional principal cards, it’s better to enroll your spouse, child, or elderly parent as a supplementary cardholder under your credit card account. Firstly, your family members may not qualify for a regular credit card. Either they are too young or too old, or lack income documents. With their more relaxed eligibility requirements, supplementary credit cards in the Philippines make it easy for such people to enjoy the convenience and benefits of a principal card. Also, supplementary cards are especially helpful during emergencies. Your child who lives far away can use the card immediately when he or she runs out of cash. Related: Best Credit Cards for Parents in the Philippines How to Choose the Best Supplementary Credit Cards for Your Family If you already have an existing credit card and you don’t plan on getting a new one, your supplementary card options are limited to what your issuing bank offers. Usually, principal cardholders can get only the same credit card type for their loved ones. Some banks, though, allow their clients to choose from among different cards (other than their own) as a supplementary card. However, if you’re applying for a new credit card plus supplementary cards to go with it, here are additional features to consider. 3 Features to Look for in a Supplementary Card 1. Waived Annual Fees for Life Beneficial…
Read the Article
Best Credit Cards for Parents in the Philippines
- By Venus Zoleta
- August 11, 2020
Raising a family isn’t and will never be cheap. Parents have to juggle different household expenses: childcare costs, groceries, bills, rent, home upkeep, and so much more. The financial aspect of parenting is tough. But you can make things a lot easier for you, of course. A credit card for parents helps manage your household spending through billing statements. Credit cards also let you stretch your budget and save money through rewards or cashback. Whether you’re a single, expecting, first-time, or long-time parent looking for a way to keep your family finances in shape, there’s a credit card that matches your needs. Here’s a guide to help you choose the right credit card for managing your household finances. What is the Best Credit Card for Parents? 4 Features to Consider The best credit card comes with family-friendly features that allow parents to maximize their savings and make it easier for them to monitor their card spending. Look for these features when choosing a credit card for parents: 1. Money-Saving Benefits Some credit cards have waived annual fees, late payment fees, and overlimit fees, which can lead to significant yearly savings. A low-interest credit card also helps, as you won’t be burdened as much with finance charges should you fail to fully pay your bill for a particular month. 2. Perks for Your Biggest Expenses What categories do you spend the most on? Whatever they are, pick a credit card that offers the best deals for your spending categories. For example, there are cashback credit cards with high rebate rates for…
Read the Article
Steps to Transfer Car Ownership in the Philippines
- By Venus Zoleta
- August 6, 2020
Is your second-hand vehicle already registered in your name? If not, you have to transfer car ownership immediately. Updating your vehicle’s ownership records with the Land Transportation Office (LTO) is among the first things to accomplish after purchasing a used unit. Generally, you can’t drive a car or motorcycle in the Philippines if it’s not under your name. Here’s everything you must know about how to transfer ownership of the vehicle in the Philippines. How to Transfer Car Ownership in the Philippines 1. Get a Clearance from the PNP-HPG What is Motor Vehicle Clearance Certificate? A Motor Vehicle Clearance Certificate is an official document certifying that the vehicle is not in the list of wanted or stolen vehicles as of the issue date. The Philippine National Police – Highway Patrol Group (PNP-HPG) issues this certification. A PNP-HPG clearance is an important requirement for the transfer of ownership. It’s your proof to the authorities that the second-hand vehicle you’re using has neither been carnapped nor used in a crime. To confirm that, the PNP-HPG will inspect your car or motorcycle. Also, a representative from the HPG will verify your engine and chassis numbers through a process called stenciling or macro-etching. This verification uses a paint remover to check that the numbers are valid and are not tampered with. Where Can I Get a PNP-HPG MV Clearance Certificate? You can apply for a motor vehicle clearance at any PNP-HPG motor vehicle clearance satellite station. The office hours are from 8 a.m. to 5 p.m. (no noon break), Mondays to Fridays. A few…
Read the Article
Here’s How You Can Buy a Home in Your 30s
- By Venus Zoleta
- August 4, 2020
Your 30s is the best age to buy a home. By now, you have a clear idea of what home-ownership means to you—whether it’s living independently, raising a family, or investing in real estate. You’re more or less financially ready to own a house. You’ve likely built a stable career or business that brings in steady income. You’ve probably established a good credit history, which can help you get a home loan. You’re old enough to make a life-changing decision like buying a house, yet still young enough to have time to pay off a home loan. As such, it’s hardly surprising that more Filipino millennials buy properties nowadays. Data from online mortgage broker Nook shows that 44% of home loans on its platform are acquired by millennials[1]. Ready to make that long-term financial commitment? To successfully buy a home in your 30s, understand how the usual home-buying process works in the Philippines. How to Buy a Home: 7 Steps for First-Time Home Buyers 1. Decide on Your Home-Buying Budget Many first-time home-buyers immediately start shopping for properties without setting a budget first. That’s a common mistake you’d want to avoid because it’ll tempt you to spend your money on something you can’t afford. It’s easy to fall in love with a stylish house with a breathtaking view. But what if it turns out to be expensive? So that your home purchase decision won’t be driven by emotion, determine a budget for buying your first house. How much can you really afford to buy a home? The rule of thumb…
Read the Article
What Is Virtual Pag-IBIG and How Do I Create an Account?
- By Venus Zoleta
- July 31, 2020
Did you know that you no longer need to visit a Pag-IBIG Fund office to apply for a loan or perform any other transaction with the agency? With the Virtual Pag-IBIG portal, it’s easy and quick to access the government agency’s services online in a matter of clicks while staying at home. You won’t have to wait in line for hours on end in a Pag-IBIG branch. Because the online service is available 24/7, you can use it even when Pag-IBIG offices are closed after office hours, on weekends, and on holidays. To enjoy such a convenience, the first step you need to take is to create a Virtual Pag-IBIG account. Here’s a simple guide to help you get started. What is Virtual Pag-IBIG? The Virtual Pag-IBIG[1] is an online facility that enables members to avail of Pag-IBIG Fund services over the internet. Launched in December 2019, the online portal was intended to make Pag-IBIG services more efficient and convenient. The Virtual Pag-IBIG, which is transaction-based, is different from the Pag-IBIG Fund’s corporate website[2] that is mainly informational. Using the system allows you to transact with Pag-IBIG anytime, anywhere using your laptop or smartphone without having to go to a branch. Virtual Pag-IBIG Services Services You Can Access Without a Virtual Pag-IBIG Account You can complete the following transactions online without a Virtual Pag-IBIG account: Pag-IBIG membership registration Pag-IBIG MID (Membership ID) Number verification Modified Pag-IBIG II (MP2) enrollment Pag-IBIG housing, multi-purpose, and calamity loan application Housing loan interest rate re-pricing application Online payment for Pag-IBIG contributions (Regular and MP2…
Read the Article
OFW Repatriation Guide in the New Normal
- By Venus Zoleta
- July 23, 2020
Planning to come back home during the coronavirus pandemic? Brace yourself for an entirely different homecoming experience. OFW repatriation in the time of COVID-19 is a whole new ball game. No bunch of relatives excited for your return will pick you up at the airport. Instead, government frontliners in hazmat suits will welcome you upon arrival. Airport procedures on your arrival day will be longer and more complicated than before. You won’t be allowed to go home to your family until you complete the mandatory testing and quarantine for returning Filipinos. Much of the stress and anxiety stranded OFWs are having right now comes from not knowing what to expect when they get repatriated back to the Philippines. Here’s an OFW repatriation guide to help you manage your expectations, make your arrival more bearable, and return home safely. Read more: The New Normal Guidelines in the Philippines OFW Repatriation Pre-Departure Checklist Before flying back to the Philippines, here’s what you must do to ensure your repatriation will go smoothly. 1. Request an OFW Repatriation Flight First things first: You must secure an OFW repatriation flight, and you’ll need the government’s help with that. The Philippine Embassy, Consulate, or POLO (Philippine Overseas Labor Office) is responsible for coordinating with airlines to arrange OFW repatriation flights. Find out how you can register in the embassy to make a repatriation request. You might have received a survey asking if you’re interested in being repatriated. Check the website, Facebook/Twitter account, and other official communication channels of the embassy in your host country. If you can’t…
Read the Article
6 Easy Steps to Applying for an AUB Credit Card
- By Venus Zoleta
- July 21, 2020
AUB credit cards might have caught your interest because of their waived annual fees, and while that’s a big deal when choosing a credit card, there’s more to AUB cards than their no annual fee for life feature. Did you know that AUB credit cards are among those with the fastest rewards earn rate in the Philippines? Every PHP 20 spent using an AUB Mastercard earns you 1 rewards point. Other credit cards require a higher minimum spend to earn rewards. AUB also offers flexibility when it comes to paying credit card bills. Choose your own payment due date, frequency, and fixed minimum balance. If you select the right payment terms, this feature can help you manage your finances well and avoid making late payments. With all such features, having a credit card from AUB is absolutely worth it. Interested? Here’s a step-by-step guide to help you easily apply for an AUB credit card in the Philippines. AUB Credit Card Application Steps 1. Pick the Right AUB Credit Card for You AUB credit cards come in four types: Easy, Classic, Gold, and Platinum. Each card caters to a specific income bracket, budget, and lifestyle. Before you apply for an AUB credit card, it’s important to figure out which one is the best match for you. This way, you’ll avoid problems like getting your application rejected or not making the most of the card’s features and benefits. Narrow down your options. First, determine which credit card you qualify for based on AUB’s eligibility requirements, especially your gross income and source of…
Read the Article
What Happens If I Stop Paying My Car Insurance?
- By Venus Zoleta
- July 15, 2020
At some point, you might be unable to pay your car insurance premium. Perhaps you ran short of cash due to a family emergency, or you can no longer afford the premium payments due to unemployment or any unforeseen event. Or you simply forgot because you’re too busy. Regardless of the reason you stop paying car insurance, it’s a costly mistake that can have serious and lasting consequences. You don’t want to be in such a situation. So it’s crucial to be fully aware of what can happen in case you miss a payment and what you can do to correct the situation. What Happens If You Don’t Pay Car Insurance on Time Not all car insurance companies give a grace period to their clients. A grace period is a span of time after the due date during which a policy stays active even though the premium isn’t paid yet. But if your insurance provider provides a grace period, it won’t cancel your policy immediately because of a missed payment. Even if you make a late payment for your car insurance—as long as it’s within the grace period—your coverage won’t end. A few days after your due date, your insurer may send you a reminder via mail or SMS to pay your premium until a certain date without your coverage lapsing. What Happens If You Stop Paying Car Insurance Altogether Paying late is one thing; stopping your car insurance payments altogether is a different story. If you still don’t pay the premium after your grace period ends, it will lead…
Read the Article
Best Credit Cards for Grocery Shopping in the Philippines
- By Venus Zoleta
- July 14, 2020
Spending more money on groceries lately? These days, using a credit card just for grocery purchases is a wise and practical decision, whether you shop at a supermarket or on an online grocery store. A dedicated card for groceries allows you to track your grocery spending and manage your budget better. You may also get cash back, rewards, discounts, and other special offers from your issuing bank. There are plenty of best credit cards for groceries in the Philippines, but the right one for you will depend on your preference. You might want to earn cash back or rewards with your card, or you might prefer something that lets you save on credit card fees and charges. Based on such criteria, here are the best credit cards for grocery shopping in the Philippines. Best Credit Cards with Cash Back for Grocery Shopping Citi Cash Back Visa Grocery cash back rate: Up to 6% Minimum monthly income requirement: PHP 15,000 (for existing cardholders) / PHP 20,833.33 (for first-time cardholders) Citibank offers the highest rebate rate on grocery purchases in the Philippines through the Citi Cash Back Visa. To qualify for the maximum 6% rebate, the total credit card transaction (excluding groceries and Meralco bill payments) must be at least PHP 10,000 per month. As such, this is the best credit card for people who always do grocery shopping for a large family. Savings from using this cash back card can reach up to PHP 12,000 per year. Earned rebates don’t expire, so they can be used anytime making it one of the…
