Published: July 9, 2013 | Updated: December 12, 2019 | Posted by: Moneymax | 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.
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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.
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 ATMs, or transact at thousands of MegaLink and Bancnet ATM nationwide.
For BancNet ATM cardholders, they can make their online payments at www.bancnetonline.com. UnionBank loans clients can also enjoy the privileges of Auto Charge Facility if they have any UnionBank savings accounts.
With one-time enrollments, their payments will automatically be deducted from their savings accounts on a regular basis.
The principal and supplementary cardholders of GT+R credit cards have to pay an annual fee of P1,500 and P750 respectively every year. There is no restriction on the number of supplementary card holders. The supplementary card holders have to be at least 14 years old or below 60 years old. The annual fee is waived on the first year.
For every P150,000 annual spends, the annual fee of the year will also be waived.
In the event of the total transactions have exceeded the credit limits, the cardholder will automatically be charged with a penalty of P500.
If the loans customers practice this virtue by sharing their experiences with UnionBank Auto & Housing Loans with their friends and family, they will get cash rewards of P1,000 through the card’s built-in referral programs for every successful loan referral.
Meanwhile, GT+R credit card holders will gain 1 reward point for every P200 spent. The rewards points can be used to redeem gift certificates from a wide variety of UnionBank’s partner establishments.
The UnionBank Great Treats & Rewards (GT + R) Credit Card is as such definitely worth looking into when you have a housing or auto loan from UnionBank.
With a goal to help Filipinos lead healthier financial lives, Moneymax regularly publishes tips and tricks on personal finance and lifestyle, among many other topics. For more finance-related news and articles, follow Moneymax on Linkedin.