You can get one reward point for every 50 spend, enjoy 0% interest installment plans, and avail of special BPI credit card promos. Get billed and pay in US Dollars. So I began calling them, after so many attempts, I talked to a lady rep yesterday. A most exclusive and rewarding experience. If you have a credit card, you can conveniently pay onlineeven if youre traveling or working abroad. Note: These products are sold by Union Bank of the Philippines, using certain trademarks temporarily under license from Citigroup Inc. and related group entities. (They also get money from you through late fees, so getting late 1x in every 8 bills perhaps will not hurt your credit.). A Metrobank credit card. We're committed to keeping your transaction secure by not sharing your financial information. After checking my card usage, the CS representative told me that Im qualified to have the fee waived, but on the condition that I use my card with minimum spending of P20,000 within the next three months. Simply shop at a a GCash QR-accepting merchant, tap Pay QR on your GCash app, and then select GCredit as your payment option. Then its time to get yourself a UnionBank Lazada credit card. Simply contact us or visit our Help Center for assistance and information. I called Citibank again and asked to talk to someone who can assist me in cancelling my card. Aside from giving you access to EastWest Bank credit card promos, this credit card earns you a 5% rebate on fuel purchases from any gas station nationwide. Read the terms and conditions carefully to know if youre eligible for the welcome gift. If you apply for a credit card from the bank where you've maintained accounts for the longest time, the chances of approval will be a bit higher. Make bank deposits to all banks, including Banco de Oro (BDO), Bank of the Philippine Islands (BPI) and Philippines National Bank. To enjoy the waived annual fee, use your new UnionBank credit card within 65 days of card receipt and meet the minimum spend of 50,000 (single receipt or accumulated). Before you travel abroad, follow these tips to ensure smooth and hassle-free transactions using your credit card. Earn 3x Rewards Points on airlines, hotel accommodations, and all overseas spend. I dont know what else to do now, maybe i will go straight to their office and cut my card in pieces and shove it in their faces. Yup, no annual fees forever! Enjoy no annual fees for life, 0% interest installment plans, and a whole bundle of value-added services to help you manage your credit card purchases better. Minimum income of P350,000. Majority of cardholders are familiar with this fee and majority of us likely pay this grudgingly year after year after year. Shout out to all BPI employees that Ive been in contact with via email, to the ladies in BPI Family J.P. Rizal branch and to you Izzy, the phonebanker i spoke with yesterday. I assume if I wasnt actively using the card then I wont be given the waiver request. More than the credit card welcome gift, know the features, privileges, and fees of the credit card youre applying for. Again, good negotiation skill is key. It is difficult to imagine life without credit cards, because it is so convenient. SEC Certificate of Authority No. These cookies will be stored in your browser only with your consent. I submitted the waiver request form, but received a message days later that my request was denied. Meet the minimum single or accumulated retail spend of 40,000 on your new Lazada Mastercard within 60 days from card approval. Enjoy free annual fee for life with the UnionBank Classic Visa[3] when you apply until November 14, 2022. Credit cardholders who apply and receive their UnionBank Classic Visa within 10 days after the promo period can also receive this free welcome gift. The photo below is an example of my BPI credit card statement showing the annual fee of P2,050 that was charged in July 16 which was waived and credited back to my account in August 6. But now, you will go through hell and yet your request is still not granted. Millions of employees of the Philippine government including public school teachers, nurses and staff of government hospitals, and workers in local and national government agencies, etc. You are barking at the wrong tree. Love to shop at Lazada? How to waive or avoid paying annual credit card fees, ATM withdrawal fees and balance inquiry charges by Philippine banks, PSEi support seen at 6,200 and 6,000 amid weaker Peso, Official SWIFT Code of BDO, BPI, Metrobank, Philippine banks, How to Waive your Credit Card Annual Fee (BDO, BPI, Metrobank, RCBC, Citibank, UnionBank), Why Filipinos do not become business owners or entrepreneurs, My experience investing in Mutual Funds in the Philippines, Income Tax Tables in the Philippines (2022), PSE Stocks Performance under each Philippine President (1987-2021), SSL 2022: Salary Increases for Teachers, Nurses, Govt Employees. You can earn one non-expiring reward point for every 30 spend, and you get to triple those points when you use the card to pay for your shopping and dining expenses. Time to use Method #2! Better yet, choose cards that offerno lifetime annual fees. ), you will be asked to input a 9-digit Bank Code, as seen in the Link a bank account section of Paypal. These cookies do not store any personal information. Tip: if youre a Preferred Banking client of BPI, you may call their Preferred Banking hotline at (+632) 7791-0077 so you wont have to wait several minutes to talk to a customer service (CS) agent.. Do you enjoy Metrobank credit card promos but dont want to shoulder unnecessary fees? Sign up for any of these Citi credit cards until November 15, 2022 (and spend at least 10,000 within 60 days from the card approval date) to receive free Apple AirPods 2 (worth 7,690) or free GCash worth 5,000 as a welcome gift. you can ask me for agent recommendation.- Jeannette Fiedalan rated Moneymax 5 out of 5 on May 28, 2020. The Bank of Commerce Classic Mastercard is also a good choice for beginner cardholders with low income. I have a handful of cards from various banks so I know. 5. No. I usually just tell the agent to cancel my card if they wont waive the annual fee and they gladly waive them with no conditions.. All charges, advances or amounts in currencies other than US Dollar (USD) shall be converted to USD based on Mastercard's currency conversion rate at the time of posting and charged Mastercards assessment fee plus 1% processing fee or service fees. Users can only send money, buy prepaid load, and pay via QR code using the messaging app. What are the new income tax rates under the TRAIN law? Your contactless credit card enables secure and faster paperless payments anywhere with a simple tap on any contactless-enabled card terminal with the contactless symbol. Your current browser does not have JavaScript enabled or you are using a browser that does not support JavaScript. With the exception of any articles published in partnership with named providers, opinions expressed in our articles are the author's alone, not those of any product provider, and have not been reviewed, approved or otherwise endorsed by any of the providers. Arent credit cards made only for high-earning professionals? Thats what you probably thought to yourself when you stumbled upon this article. How about a credit card that lets you earn rebates on all your credit card purchases? The Pag-IBIG online payment system accepts only current and advance remittancesretroactive payment for the past months is rejected. If possible, compare credit cards with lower interest rates or waived annual fees. Again, there are still other fees that youll need to pay as a consequence of using the card, but with these types of cards, the annual fee wont be a problem anymore. I had a horrible experience with BPI too. Of course, dont lie about possible purchases that wont happen and dont set conditions that you wont be able to meet! 994 (2008), Copyright 2020 Metropolitan Bank and Trust Company. If youre looking for a no-fuss credit card, the PSBank Credit Mastercard is also a good choice. This way, youre not just benefitting from the credit line but also earning rewards for your purchases. i hope youll help other people through your blogs. But the caveat is that you can qualify for these welcome gifts only if youre a new-to-card or a new-to-bank applicant, meaning you dont have an existing credit card with that particular bank yet. Hopefully, this list has helped you dispel the notion that credit cards are only for high-income earners. Do I need a guarantor or co-borrower when applying for a credit card? I have a good credit standing with metrobank for 5 years, I pay my bills on time and always in full. This website uses cookies to improve your experience while you navigate through the website. Step 3: Start sending money and reloading phones to the Philippines wherever you go with a few taps and slides right from your mobile device. Typically, a credit card for low-income earners has the following features: For Filipinos earning less than 20,000 monthly, there are credit cards with low-income requirements, annual fees, and interest rates. This website uses cookies to improve your experience while you navigate through the website. Our encryption and fraud monitoring help protect your transaction 24/7. Then apply for a Citi Rewards Card now! Then apply for the BPI Petron Mastercard today, and get 3% cash back on fuel purchases from all Petron stations nationwide. In fact, around 18 credit cards are within reach of employees with modest monthly salaries. Thank you! So far the best credit card for me is BPI. I have a zero balance on my card, i dont use my card coz i live abroad but still want to keep my card since I got this when I was still working with BPI. Service fees may also be charged to cover costs incurred to discharge the amount(s) due Mastercard/Visa and/or acquiring bank and/or foreign merchant affiliates. Card card issuers are increasingly using technology to make it easier for cardholders to manage their credit card accounts. Note: This product is sold by Union Bank of the Philippines, using certain trademarks temporarily under license from Citigroup Inc. and related group entities. In the case of my credit card with BPI (Bank of the Philippine Islands), Im charged P2,050.00 per year. I chose option 2. Looking for more fuel savings? They sensed that I dont care if its closed. Citibank, I can easily contact. Transfer money directly to mobile wallets. CRAZY Bank! You can experience the benefits of using a credit card now despite having a modest salary. We round to the nearest 0.05 peso. One trick to convince the bank to waive your annual fee is to tell them youre planning to cancel your credit card. But Metrobank never waived my annual fee. If theres a sizable credit card purchase youre planning in the next few months, you can also use that as leverage. All rights reserved with its registered address at 6th floor, ACT Tower, H.V. He filed a report and told me that my cancellation request will be elevated to another group and I should expect a call from them the next day. I wish to never bank with them in my lifetime. Is this even an acceptable and ethical practice for these agents to represent BPI and say such statements that life time annual fee waived once approved, when in fact whatever they say is not what BPIs intention? Otherwise, the credit card company could call your bluff and they might ask you to pay and settle all unpaid balance to close your account! Choose a credit card that offers No Annual Fee. For instance, take a look at the BPI Edge Mastercard. USD4 or an amount equivalent to the credit balance, whichever is lower, will be charged monthly to accounts with overpayments that are closed or active accounts that have no activity for the past 12 months until the credit balance is zeroed out. Then the agent asked if I purchased a minimum of P5,000 after the credit card was issued because she said that that was the criteria for approval of the lifetime annual fee. I told her i dont live here, i will not stay that long and will not be using the card and all she said is its our current policy. I also had really sad memories about BPI. But in Metrobank they has always requirements to purchase or a condition to waived your annual fee. BPI has no idea how hard is it to call their hotline. And after that refusal they were aking me to have thier credit card. Call their hotline and you will almost never reach them. Step 1: Just open the App Store or Google Play. Id like to keep using your credit card, but the annual fee is one reason why Im no longer inclined on using it. I think I got approved because i got an email but I do not know if my annual fee is waived for life. Step 3: Select a convenient location for easy cash pickup, including Cebuana Lhuillier and M. Lhuillier. Thank you, BPI! Method #3: Choose a credit card that offers No Annual Fee., Credit Cards in the Philippines with No Annual Fee, Stories of How to Ask Banks to Waive the Annual Fee, PSEi support seen at 6,200 and 6,000 amid weaker Peso, Official SWIFT Code of BDO, BPI, Metrobank, Philippine banks, How to Waive your Credit Card Annual Fee (BDO, BPI, Metrobank, RCBC, Citibank, UnionBank), Why Filipinos do not become business owners or entrepreneurs, My experience investing in Mutual Funds in the Philippines, Income Tax Tables in the Philippines (2022), PSE Stocks Performance under each Philippine President (1987-2021), SSL 2022: Salary Increases for Teachers, Nurses, Govt Employees. Metrobank, you would wait for a little, but BPI? As proven by the list of low-income credit cards above, you dont have to be a high-earning employee to apply for a credit card. I even go to a BPI branch near me just to check if there are any issues with their hotline, all she said was ok naman yung hotline. * In addition to the transaction fee, Xoom also makes money when it changes your send currency into a different currency. You should also register for a UnionBank Online account to activate your new UnionBank Cebu Pacific Gold or Platinum credit card. As we value your relationship with us, we have reversed your annual fee. Actually, the decision whether your waiver request will be granted depends on your credit history and usage of the card. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. Fortunately there are ways to end this annual burden. The officer gave me 50% discount at least I got to pay Php1,400. PSE Trading Hours in 2022: What time open, when closed? Step 2: Choose almost any bank in the Philippines, including Banco de Oro (BDO), Bank of the Philippine Islands (BPI) and Philippines National Bank. No Annual Fees Forever Plus Free Shopping Credits. Handling fee: 1,500 or 1% of the approved credit line, whichever is higher; Credit line renewal fee: 1,500; Collection fee: 15% to 35% of total outstanding amount in case of default (depending on delinquency age) If you're shopping for lower interest loans, check out our article about PSBank Flexi Personal loan for more details.

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