Convenience is among the things that banks promise or sell to their customers. However, only a few actually deliver. This is because a lot of banks still have complicated bureaucracies and unnecessary processes, which undeniably make banking a burdensome chore. If you’re after total convenience when it comes to banking, going digital is a great choice. In case you’re looking for a bank whose operations are completely online, CIMB Bank is worth considering. Here are all the important things you need to know about CIMB Bank, particularly how to use the CIMB Online Banking app, from opening an account to carrying out some basic banking transactions. Table of ContentsWhat is CIMB Bank?Is CIMB Bank Legit?How Safe is CIMB Bank?What are CIMB Banking App Features and Services?1. Cash In2. Fund Transfer3. Pay Bills4. Mobile Reload5. Cash Out6. Debit Card ManagementWhat are CIMB Bank’s Major Products?1. UpSave Account2. Fast Account3. GSave Account4. Personal LoanHow to Create a CIMB AccountUpSave Account Registration StepsFast Account Registration StepsGSave Account Registration StepsHow to Cash In Using CIMB AppSteps to Deposit Money OnlineSteps to Make an Over-the-Counter DepositHow to Cash Out From Your CIMB AccountHow to Transfer Funds Using CIMB AppCIMB Personal Loan GuideHow to Apply for a CIMB LoanHow to Pay Back CIMB Loan OnlineHow to Pay Back CIMB Loan Over the CounterFinal Thoughts What is CIMB Bank? CIMB Bank Philippines[1] is a completely digital and mobile-first bank. It is part of the Malaysian universal bank CIMB Group Holdings Berhad. CIMB stands for Commerce International Merchant Bankers. Related: Fully Digital Banking: What You Need To Know…

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,…

Last year, the unprecedented effects of the pandemic hit everyone financially. Due to lockdowns and restrictions in mobility, a lot of economic activities were either completely halted or temporarily discontinued. This caused people to tighten their belts, which in turn had directly affected their capacity to pay their debts and settle financial obligations, such as loans and credit card bills. To address the Filipino borrowers’ common dilemma, the government had implemented the Bayanihan to Recover as One Act or Bayanihan 2. You might have already heard about it, but what exactly is it? This article will fill you in on the details of the said law and how it affects your loan or credit card payments. Table of ContentsFAQs on Bayanihan Act 2 Loan Extension and Grace Period1. What is the purpose of Bayanihan Act 2? 2. How does the loan grace period work?3. Is Bayanihan Act 2 still in effect?4. Is there a Bayanihan Act 2 loan extension?5. Is my loan qualified for the loan grace period?6. I have 2 or 3 loans that satisfy the grace period requirements. Are they all eligible?7. Will my loan incur late fees and other charges within the grace period? 8. Does my loan continue earning interest during the grace period? 9. What happens to my loan/credit card payments after the grace period?10. Does using the loan grace period affect my credit score?11. I have a complaint about my lender’s grace period implementation. What should I do?12. What should I put in my complaint submitted via email or postal mail?13. How will I…

  “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…

Borrowing money in the Philippines is usually associated with crippling debt and mishandled finances. But nowadays, applying for a loan has become a common way to reach everyone’s financial needs and goals. Even if you don’t need it, you should always consider when to get a personal loan if the need arises. Because admit it or not, everyone could use it. In fact, the Bangko Sentral ng Pilipinas has encouraged lending as a way to shake up the economy during the pandemic[1]. So if you want to know if you need a personal loan, take a look at these tell-tale signs. Table of ContentsSigns That Will Tell You When to Get a Personal LoanYou’re Transitioning from One Job to AnotherYou Feel Like Your WFH Setup Needs an UpgradeYou’re Envious of Other People Starting Their Own BusinessesYou Have This Urge to Renovate Your HomeFinal ThoughtsApply for a Personal Through Moneymax Today! Signs That Will Tell You When to Get a Personal Loan You’re Transitioning from One Job to Another Starting a new job this year? Congratulations! It’s great that you still found a better opportunity in the midst of a pandemic. But depending on the company you’re moving into, you probably won’t receive a proper salary for one whole month. Unless you have other people to borrow money from, applying for a personal loan is a good temporary source of income.  If you don’t have an emergency fund, you should apply for a personal loan right before you leave your current employer. That way, you can still submit the proper requirements…

If you’re shopping for a new car and looking for the best sedans in the Philippines, then this list will help you narrow down your search and purchase the one that meets your requirements. Whether you’re looking for a car you can use for everyday traveling in the city or for daily business errands, there’s a sedan that will meet your needs.    Table of Contents12 Best Sedans in the Philippines1. Suzuki Dzire2. Mitsubishi Mirage G43. Toyota Vios4. Kia Soluto5. Hyundai Reina6. Chevrolet Sail7. Honda City8. Chevrolet Cruze9. Toyota Altis10. Honda Civic11. Toyota Camry12. Honda AccordFinal ThoughtsGet a Free Car Insurance Quote! 12 Best Sedans in the Philippines 1. Suzuki Dzire Suzuki Dzire prices: GA 1.2 L M/T = PHP 549,900 / GL 1.2 L – M/T = PHP 648,000 GL+ 1.2 L Auto Gear Shift (AGS) = PHP 708,000 If you’re planning on buying a car for both personal and business use, the Suzuki Dzire[1] will not disappoint. It is available in three variants to meet the different budget requirements of Filipinos and comes loaded with features in a compact body.  The Suzuki Dzire has impressive good looks front and back, with LED combination lamps to make sure you’re driving easily and safely night or day. Because of its compact body style, you can easily maneuver on rough roads and tight spaces. And more importantly, it’s economical on fuel with a 12-kilometer per liter range for city driving.  Read more: Got a New Car? Here’s What You Should Do Before Hitting the Road 2. Mitsubishi Mirage G4 Mitsubishi Mirage G4…