5 Simple Steps to Apply for a BDO Credit Card

by Moneymax, on category "Credit Card"

February 12, 2018


5 Simple Steps to Apply for a BDO Credit Card | MoneyMax.ph

Planning to apply for a BDO credit card? If this is your first credit card application, it will be easier than you expect. It takes only a few simple steps to get a BDO credit card.

Banco de Oro or BDO is known as one of the best credit card providers in the country, and it isn’t hard to see why. In addition to the standard credit card benefits, BDO offers some unique advantages such as EasyPay Installment Programs for a better way to manage finances, interest rates that go as low as 2.5%, and exclusive BDO credit card promos and deals.

Here are the five steps you need to take to get your first ever credit card from BDO:

1. Choose the best credit card for your needs.

Apply BDO Credit Card | MoneyMax.ph

BDO offers more than 20 kinds of credit cards to cater to various spending habits, incomes, and preferences. BDO credit cards come in three types: basic, premium, and elite. The bank also lets you choose different brands, including Visa, MasterCard, American Express, JCB, and UnionPay.

Thus, it can be quite confusing and overwhelming to pick the perfect card for you. To make things a lot easier for you, do not skip this essential step in your credit card application: comparing the various BDO credit card options.

To compare BDO credit cards, you need to use a credit card comparison tool and refine your search according to your preferences. For example, you can sort the credit cards in a way that shows the ones with the lowest interest rates or annual fees. The tool can also recommend the best credit cards for shopping, as well as those that offer rewards.

2. Check the basic requirements for a BDO credit card.

Check Requirements of Credit Card Application | MoneyMax.ph

Make sure that you meet all these minimum BDO credit card requirements:

  • Age – You’re at least 21 years old and not over 70 when the card expires.
  • Citizenship – You’re a Filipino citizen.
  • Location – You live or work in an area where there’s a BDO branch.
  • Employment/Business – You’re a regular office-based employee or self-employed with your business running for at least 2 years.
  • Income – Your yearly gross fixed income (your total earnings before deductions) is at least Php 120,000 (if you’re a salaried employee) or Php 400,000 (if you’re self-employed).
  • Means of contact – You must have at least one landline phone at home or in the office and one mobile phone.

 

3. Complete the necessary documents for credit card application.

Documents for Credit Card Application | MoneyMax.phOnce you have confirmed that you’re eligible to apply for a BDO credit card, gather the required documents to prove your identification and income to the bank.

What are the required documents for BDO credit card application?

  • Completely filled out application form that you can download from the BDO site
  • One valid ID with your photo such as passport, SSS ID, company ID, etc. Check BDO’s list of valid IDs here.
    • If you’re a regular employee, provide a photocopy of any of the following:
  • Your latest income tax return (ITR) with a BIR (Bureau of Internal Revenue) stamp
  • BIR Form 2316 (Certificate of Compensation Payment) with a signature of your employer’s authorized representative
    • In addition to the ITR or BIR Form 2316, submit one of these documents:
  • Original copy of your Certificate of Employment that includes your status as an employee, length of service, and compensation
  • Payslip/s for the latest month
    • If you’re self-employed, provide photocopies of the following required docs:
  • Your latest ITR with BIR stamp
  • Registration of Business Name (from DTI for sole proprietors; from SEC for partnership or corporation)

Be sure that you have all your requirements ready for submission because the bank doesn’t process applications with incomplete documents.

4. File your application.

BDO Bank in SM Aura BGC | MoneyMax.phYou can present your application form and required documents to the BDO branch of your choice and wait for the staff to assist you.

If you’ve filed your application for BDO credit card online and submitted your requirements, just wait for the bank’s confirmation.

5. Check your BDO credit card application status.

BDO Official Site | MoneyMax.ph

The final step in your application process is to find out whether you’re approved or declined. To check your BDO credit card status in real time, you just need to enter your SSS number or TIN (tax identification number).

Final Thoughts

Applying for a BDO credit card isn’t a complicated process. As long as you’re eligible and you submit all the necessary documents, you’ll have a great chance of getting approved.

Compare Credit Cards Now | MoneyMax.ph