Credit cards - requirements and application

[Blade25]

Just an thought, just how exactly do these credit card issuers do credit investigation (CI). Can you give us tips on how to be approved when applying for a credit card

[Wicca]

First, they check your credit history... if you've bad credit with other card companies or banks (if you have any missed or late payments or if you go beyond your limit). They'll want to know if you havve anny bounced checks or loans. Your parents' credit history may also be reviewed. Most banks have a "scoring" system. You have to get a high score to be issued another credit card (they'll check with other banks).

Your job will also be considered. How long you've been employed & how much your basic salary is (that means no commissions or allowances). Normally, P10,000.00 is the minimum monthly income they require. A credit officer will call your office to confirm with the HRD or your boss to verify the documents you've submitted.

You'll have to submit documents as proof of income. It may be your ITR or Certificate of Employment stating your income.

Good luck with your credit card application! :)

[This message has been edited by Wicca (edited 08-30-2000).]

[makiling]

besides those mentioned above, remember that in any granting of credit, the basic rules are always evaluated- character, capacity, stability, and collateral. a credit card transaction is a clean loan therefore collateral-free (except if backed up by deposits). collateral free loans are big risks.

besides checking ur background with other card companies, a financial institution checks if u have court cases or negative information with others.

in checking stability, length of stay in ur residence, whether its owned, rented or used free, length of stay in ur employer or business is evaluated. the longer your stay the lesser risk.

capacity of course is income.

a huge income doesnt guarantee a good risk. regularity of income is also looked at. you may earn several hundred thousands but only three times a year then your income will not be stable unless invested in a stable fund perhaps.

[KuyaDanny]

I might add that some credit card companies go to the extent of checking out your lifestyle. The basic question they want to answer is if you handle your money responsibly. They may send investigators to interview your neighbors, friends, relatives, and office associates.

Once upon a time I trained with the credit department of a consumer finance firm, and paired with a credit investigator to get an idea of their methods. Any potential sign of "imprudence", such as:

1) regularly coming home late/not coming home at all;
2) unpaid electric and phone bills/electricity and phone disconnected due to non-payment;
3) automobiles inappropriate for the level of income;
4) frequent presence of angry visitors;
5) borrowing money from officemates.

These are only some signs which may end up on your credit report, and which should cause the evaluator to ask more questions.

So my advice is to always manage your money prudently and not live beyond your means.

Also, credit references need not be limited to other credit cards or installment purchases. Electric bills, cell phone bills (not prepaid, obviously), and even your ISP account can be used to prove you are trustworthy. So it pays to keep these accounts up-to-date.

[Chave de Braco]

What do I need to get a credit card? Do I have to be employed? Is there a required minimum annual income etc etc?
Thanks.

[cheeky12]

Yes you require a job, income doesn't really matter depends on how much credit you applied for, and a good CRAA. You should enquire to the bank, will tell you what requirements you need..good luck (my worst enemy at the moment):D;)

[CaRaMBa]

Yeah they ask for your pay slip or for a letter from your company.

[Leigh]

you can actually get an extension from your parents, or there are credit cards for students, i believe HSBC offers this.

usually, they ask for your ITR and like what carambs mentioned, usually they ask for your payslip. sometimes, they even call the accountant in your office to check if you really receive the certain amount :)

[KuyaDanny]

Credit card issuers require you to have certain things. But just as important, they require you not to have certain other things, such as:

a) a bad credit record with other credit card companies or lending institutions; and
b) conviction for estafa, theft, or drug use, possession, or trafficking.

Even if your record is clear, sometimes your otherwise worthy application can get dinged because someone with a name similar to yours has been sued or convicted. This has happened to a few friends and associates of mine who have fairly common surnames.

[Chave de Braco]

"you can actually get an extension from your parents, or there are credit cards for students, i believe HSBC offers this."



Halata ba? hehehe. Thanks everyone.

[BabyFATS]

Eh... ahmm... yung iba naman basta may credit card ka na sa ibang bank, pwede na yon. :hmm:

[*]

KuyaDanny, I have a slightly off topic question.

Wouldn't credit investigations be an invasion of privacy? I know for certain cases it may be valid, but how about for a case like mine since I don't like having credit cards? ;)

Kasi I got a call from a representative of bank X inquiring if I wanted to get a credit card. She stated that I met the requirements like earning Y pesos monthly, working for a stable Z company, etc. However, I didn't like the fact that someone else knew (and probably keep records) of details that only I and our HR personnel should know. And I've been careful enough not to reveal these to other people except friends.

So I asked her where they got the info and also pointed out the issue of invasion of privacy. Tapos, natakot siguro sya kasi she couldn't give me a straight answer and never called again even though she said she would. :D

I guess I was mean at her but what irked me was that they were calling everyone in our cubicle as if they had the list of everyone in our company and their salaries. And I'm quite positive our HR wouldn't have provided them with that info. :(

What do you think?

[KuyaDanny]

This is a legal issue. The layman's answer is credit investigations may only be done with your consent. One of the conditions you sign when you submit a credit application form is some form of authorization for the credit company to verify everything you have stated, as well as other information they may deem pertinent to the application.

If the investigation was done without your consent, it might be suing time.

[KuyaDanny]

Follow-up:

Maybe your HR didn't release your data, but someone else who knows you could have. It is a typical telemarketing tactic to ask for referrals from people who reject sales pitches. So it is possible that someone who was initially approached by this credit card company gave out your names in return for getting the caller off his back.

[*]

that's interesting. so if i was refered, this is 'legal'? is such method of gathering information allowed? point being, that it was done without consent? :rolleyes:

[KuyaDanny]

For legal questions, it's best to ask a lawyer. Besides, you will need a lawyer's advice and judgment to determine if you have enough evidence or grounds to sue somebody.

[*]

thanks kd! :)

[KuyaDanny]

A poll has been added to this discussion.

[Rambus]

Some banks (Unionbank is one that I know) now issue SECURED credit cards. Works just like a regular credit card with the following differences:

1) Applicant does not go through the credit evaluation process.
2) Applicant must deposit money with Unionbank and assign the same to secure his credit card account. The amount on deposit must at least be equal to the credit limit requested.
3) Cardowner receives monthly bills just like a regular credit card, and must pay them on time. If the account goes into default, Unionbank can withdraw the deposit and use the same to pay for the charges.

Eventually a cardowner who demonstrates an ability to keep his account current may request to convert his secured account into a regular one.

[ü fLiK ü]

i still dunno.. lucky me- i'm just a supplement card holder!

:D

[pexman]

...why credit card companies have this 'we can't tell you why you've been rejected' policy? Yes, it seems to be a security issue, but if they call me up, verify my identity and all that, and then tell me they won't issue me a card, I'd like to think I have a right to know why...

[Triglyceride]

I wish you luck. Good for you for walking in as an educated consumer, those plastic things gave my life hell *and still is*.

I got mine from the mail, and I'm such a stupid fish to bite that bait. They didn't ask much actually, just basic stuff, and they start you off with the minimum and you can build it up from there. Gosh their like hogs really, they fed on my greed and ingnorance..

.....I've cut all of them into little pieces, I'll distance myself from those platic things for now...

you know what I don't understand though? If these credit card companies exchange informations on propective card holders and evaluate your spending habits, why the heck do they keep sending me applications knowing that I'm not so good in paying them on time?

Good luck on that!

:flwrface:

[KuyaDanny]

pexman:

In the United States, anybody who is denied credit must be informed in writing the reasons for denial. That's the law. In the Philippines, that's not the law. Credit card companies have their reasons for not telling you, and I am asking some insiders to find out. I will let you know.

I'd like to say that some of my credit card applications in the past have been denied, and I'm not too worried. The reason I say this is that rejected applications do not form part of your credit history and can do relatively little damage to your chances of approval on future applications.

[CaRaMBa]

Tip: Don't get a Citibank credit card. Lotsa bad stories.

:flwrface:

[oyii]

just make sure na you are capable of paying on time.. dont let your utangs accummulate.. kung hindi patay ka.. sa kung may utang kang 30,000.. yung 2000 payament mo eh 1200 ang mapupunta sa interest so konti lang ang mababayaran mo..

basta.. make sure na nde mo palakihin ang utang mo.. gamitin lang ang credit card if you really need to.. mahirap ang may utang..

[KuyaDanny]

pexman, here are the best explanations I was able to get for why banks will not tell applicants the reasons credit card applications are rejected.

1) Let's say you have a history of bad dealings with Bank A. You apply for credit with Bank B, who decides to check with Bank A what they know about you. Bank A gives Bank B the lowdown, causing Bank B to reject your application. If Bank B tells you the reason for rejection is some adverse information provided by Bank A, you might just want to invade Bank A's premises with a loaded weapon and inflict bodily harm on the persons responsible.

2) It appears that in the past, some banks did disclose the reasons for rejection. With some Filipinos being pikon and all, these reasons were used by rejected applicants to badmouth the banks and sue them for "besmirched reputations" and all such other putative damages their attorneys could dream of. Some people think it's their right to borrow money and can't accept it when banks don't feel the same way.

In short, some (not all) Filipinos cannot seem to take rejection in stride and end up causing all sorts of trouble for the banks. The banks feel that their policy is one approach to keeping things peaceful. Having said this, I might add that if you are a long-time client of a bank, and they are familiar enough with your character and personality, you might get an honest and complete explanation if you asked nicely.

[floreno]

Based on my Experience with regards to Credit Card Application

This is I Believe to be the Top 5 Cred. Card Companies
that most application be likely to be approved:

1. CITIBANK
2. DINERS
3. HSBC
4. AIG
5. worst.......BPI...

[angst]

Nakakaasar talaga ang AIG and Citibank. I was denied simply because I have been working for 2 months pa lang. (This was the pathetic explanation given to me by their agents). Duh! :rolleyes: Anyway, it's not my loss! Pupunta pa naman ako sa states by the end of this month and I plan to use sana the credit cards for shopping. Well...i'll better use cash na lang. :rolleyes:

[sadirmata]

nasubukan nyo na bang mag-apply ng credit card tapos denied naman kahit na sige ang amuki at promise at assurance ng mga agents nila? ilang beses na akong nabiktima ng mga ito. sabi nila sure na sure na pag-apply mo ay tanggap agad. e sa palagay ko e qualified naman ako sa dapat na annual income halimbawa. pero pagkatapos ng ilang buwan meron ka na lang matatanggap na sulat saying "we are currently unable to accomodate your credit card application blah blah" at instead at merong io-offer na pag gusto mo daw e may paraan, kailangang mag-deposit ka ng P10,000 or more para gawing fund ng card na ibibigay. ang masaklap e hindi mo puwedeng i-witdraw yung sampung libo mo parang maintaining balance yun at yun pa rin naman ang gagamiting fund ng card mo.

nakakainis nga kasi pagpasok mo sa mga mall maraming mga kumukulit at umaabala na nago-offer ng application sa credit card nila tapos wala rin pala ang hirap ding ma-accept ka.

ang notorious na mga banko sa ganitong pangungulit at pangangako ay ang HSBC, Bankard, Citibank, Equitable, BPI at iba pa.

wag na lang sana silang mang-abala pa ng mga tao. kaya nga every time may mag-alok sa akin, sinusupalpal ko na lang na nag-aaksaya lang ako ng oras na mag-fill up ng mga form nila. lalo na kung mahalaga akong mga pupuntahan o bibilhin sa mall, kakainis yung pinipilit ka na mag-apply at nangangako na siguradong-sigurado raw.

[KuyaDanny]

Yup.

Got denied two years ago for an HSBC Olympic VISA card. I didn't need it. I just thought it looked really nice.

I keep a copy of my denial letter so I can show it to any HSBC agent who tries to get me to apply. That usually shuts them up really quickly.

[Wittygurl]

Yep, my first application in Citibank was denied for the reason of I was still new in the company I work for. Oh well, I don't really need it thats why I didn't give a dang..

My second shot was approved, it was great coz of the promo:D

[bachelor_zone]

Gusto ko rin apply credit card pero wala akong idea nung mga basic requirement.

Pwede nyo ba akong bigyan ng info bago ako sumugod sa bangko.

Thanks.

[sadirmata]

Originally posted by bachelor_zone
Gusto ko rin apply credit card pero wala akong idea nung mga basic requirement.

Pwede nyo ba akong bigyan ng info bago ako sumugod sa bangko.

Thanks.

pag napunta ka sa mga malls, chances are may mga agents o personnel ng mga credit card companies o banks na makikita mo. ipapaliwanag lahat sa iyo at ipapangako na siguradong magkakaroon ka ng credit card.

or pwede mo ring dalawin ang mga websites ng mga banks, meron section doon tungkol sa kanilang cards, may online application pa nga ang iba.

[KuyaDanny]

Originally posted by sadirmata
...at ipapangako na siguradong magkakaroon ka ng credit card.


Yan ang masakit na linya. Huwag po ninyong paniniwalaan ito dahil hindi po totoo yan. Hindi po sigurado. Pwede pa rin kayong matimbog.

[Gabriela]

Originally posted by KuyaDanny


Yan ang masakit na linya. Huwag po ninyong paniniwalaan ito dahil hindi po totoo yan. Hindi po sigurado. Pwede pa rin kayong matimbog.

Matimbog....hmmm. parang isang malaking modus operandi. Hintayin ko nalang credit card application ko (mag-iisang buwan na). Wag sana akong matimbog...

[thehitman]

Ako rin, mag-iisang buwan na yung application ko sa BPI at HSBC. Hindi naman sa kailangan ko sila ngayon. Sinabi lang ng nanay ko na kakailanganin ko iyan kasi maraming akong pag-aaplayan na kung anu-ano na humihingi ng proof of billing. Eh sa ngayon wala dahil isang taon pa lang akong nagtratrabaho at hindi naman nakapangalan sa aking yung kuryente, tubig, PLDT, at Globe handyphone bills namin. :(

Sabi nila two weeks. Haay...

:cool:

[angst]

I was denied by Citibank last year because I was just working for a month when I applied and so with AIG credit card.

Now that I have already worked for a year, I tried applying for an AIG credit card. I applied through phone and they told me to fax my company id and pay slip. I was able to fax both but they told me that they only received my pay slip. Holy sh*t!

Ayoko na tuloy mag-apply.

[MJ]

ako din ilang beses nang na-deny! alam niyo yung mga reasons? kesyo madami daw delinquents sa area namin... wala daw kaming landline... parang nye!

the irony of it all is that my younger bro has one! deng! :rolleyes:

pero, okay na din siguro yung walang CC... baka maging problema pa yung pagbabayad dyan...

i-cash niyo na lang kung kaya niyo! ;)

[Wittygurl]

Originally posted by bachelor_zone
Gusto ko rin apply credit card pero wala akong idea nung mga basic requirement.

Pwede nyo ba akong bigyan ng info bago ako sumugod sa bangko.

Thanks.

Pwede ka ng wag sumugod sa banko LOL:D

I just applied through internet, the day after, an agent called in my office then asked me to fax a copy of my payslip and Company I.D. After two weeks, tada!!! Approved na ;)

[KuyaDanny]

Pwede ka ring mag-apply ng Citibank credit card dito sa Pex. I-click mo lang yung ad sa itaas. May libreng 3310 kung ma-approve ang application mo.

[sadirmata]

salamat sa mga post. hindi nga lang pala ako ang palaging nade-deny. hmm, suwertehan lang ba talaga ang pag-aapply sa credit card?

anyway, may card na ako, kaya lang hindi credit kundi debit card. ikaw ang magpopondo. parang smart money. baka gusto nyong subukan. tried ko na ito at gamit ko sa online purchases. OK talaga. ito yung eon cyberaccount ng unionbank. puwede kayong mag-apply online sa www.unionbankph.com walang babayaran o maintaining balance.

[chaico]

Originally posted by MJ
ako din ilang beses nang na-deny! alam niyo yung mga reasons? kesyo madami daw delinquents sa area namin... wala daw kaming landline... parang nye!

the irony of it all is that my younger bro has one! deng! :rolleyes:

pero, okay na din siguro yung walang CC... baka maging problema pa yung pagbabayad dyan...

i-cash niyo na lang kung kaya niyo! ;)

i used to work sa credit cards dept ng isang bank and talgang mabusisi sila sa mga stuff like yung telephone, tapos yung area where you live, etc. before i left pa nga ang bagong rule naman nila is if you are working for a company na hindi listed sa directory, reject na agad application mo, tapos in areas like tondo, marami din silang dinedeny na apps doon.

mas k talaga if cash kasi macocontrol niyo unlike pag credit cards.

[Spyfrat]

got denied when i applied for eTrade's Titanium. sabi sa akin kasi for invitation only :glee: :glee: :glee:
biro lang pow

[archerguy]

Hello. I previously worked for Citibank and here are some reasons why people get rejected for their Credit Card application:

Income - Minimum annual income should be at least 120,000 pesos. But this does NOT hold true for all employees. Maarte and Citibank. They have this so-called 'negative job titles' where income should be at least P380,000 yata. These are sales people, clerical workers, med reps, secretaries, messengers, and other jobs that are perceived to have lower income brackets.

Residence address - They also have "Negative Zip Codes" ... or areas whose residents are not allowed to have a credit card. Their reason is that these areas have fewer banks within their vicinity so their residents will have a hard time paying their bills. If I remember, the areas are Cavite, Novaliches, Tondo, Taytay, San Mateo, etc. Even if you work in 'positive zip codes' like Ortigas or Makati, chances are hindi ka aaprubahan for a Credit Card.

Poor Credit History - Citibank checks your credit history. So if you have records of bounced checks, criminal cases, and defaulted credit card payments they will not give you a credit card. They usually access the CMAP and CIBI records for your credit history. They also check the payment history of your other credit cards....magaling sila mag-CI. if you're the type who only pays 20% or lower of your outstanding balance, you'll get denied.

So if you're going to apply for a card, make sure your income meets their standard, your place of residence and work are within their coverage, and you credit reputation is squeaky-CLEAN. :)

[thehitman]

Originally posted by archerguy

Income - Minimum annual income should be at least 120,000 pesos. But this does NOT hold true for all employees. Maarte and Citibank. They have this so-called 'negative job titles' where income should be at least P380,000 yata. These are sales people, clerical workers, med reps, secretaries, messengers, and other jobs that are perceived to have lower income brackets.



Please elaborate on this "negative job titles", and why the income should be at least P380,000. That's approximately P31,500/mo. Forgive me if I didn't understand this context properly.

:cool:

[Gabriela]

Archerguy, nag CI na sakin yung inaplyan kong credit card co. Does it mean ba na medyo ok nako? Tipong nakalusot na yung application ko sa discrimmination nila?

Ok naman yung salary ko, I'm a regular employee, not applicable ang poor credit history because this is the 1st time I'm applying for a card, and I don't belong to the so-called "negative zip codes" and "negative job titles".

[Sultero]

aCtuAlly sa Pinas lang naman ganyan kahirap kumuha ng "Plastic Money" eh.. Sa ibang countries like here in SG. Madali lang.. you just have to pass their income requirement. Wala nang masyadong requirements...

Banks do it in purpose, marami na rin kasing deliquent debtors sa atin eh... you cannot blame them.

My brother got one in HSBC, primary plus sa kanila if you have an account to them with a reasonable deposit for the last one year ata..

I like BPI Credit specially kapag purchase ka ng appliances.

CC gives convenience specially sa mga travellers and those who purchase on-line...

[KuyaDanny]

sadirmata's thread has been merged with a related earlier discussion.

[thehitman]

Originally posted by floreno
Based on my Experience with regards to Credit Card Application

This is I Believe to be the Top 5 Cred. Card Companies
that most application be likely to be approved:

1. CITIBANK
2. DINERS
3. HSBC
4. AIG
5. worst.......BPI...

Is this still accurate today? I applied for a BPI credit card, and it's been more than a week since my CI, and almost a month since I submitted my application. Is this normal?

I tried asking my parents to apply for me as an extension. The problem was, I had to share the credit line with them. And since their line was being used primarily to pay for our bills, I figured it would be too much of a nuisance for them if I had to latch on to that line. Hence, my own application.

:cool:

[Gabriela]

Originally posted by thehitman


Is this still accurate today? I applied for a BPI credit card, and it's been more than a week since my CI, and almost a month since I submitted my application. Is this normal?

I tried asking my parents to apply for me as an extension. The problem was, I had to share the credit line with them. And since their line was being used primarily to pay for our bills, I figured it would be too much of a nuisance for them if I had to latch on to that line. Hence, my own application.

:cool:

My sis-in-law works at BPI. She told me it can take 2 months to process their card. BPI is very meticulous daw with credit card applications. I'm almost in my one month of application and they just had their CI at the office 2 days ago. But my dad told me that his took no more than one month.

[*ImSad*]

ako gusto ko magkaroon ng cc sa AIG,
kse mababa lang ang interest kaya
lang laging na d-dis approve kainis :(

[Wittygurl]

Originally posted by floreno
Based on my Experience with regards to Credit Card Application

This is I Believe to be the Top 5 Cred. Card Companies
that most application be likely to be approved:

1. CITIBANK
2. DINERS
3. HSBC
4. AIG
5. worst.......BPI...


For me naman,I can attest that CITIBANK and AIG approve fast.. especially when you're working in a well-known company, they approve the application in a zap!

[archerguy]

Originally posted by thehitman
Please elaborate on this "negative job titles", and why the income should be at least P380,000. That's approximately P31,500/mo. Forgive me if I didn't understand this context properly.

:cool:

Negative job titles are usually associated with sales, clerical work, utility, and other jobs that pay low salaries like drivers, messengers, maids etc. Pinaka-notorious sa mga job titles yung Administrative Assistant and Account Manager/Executive. I think the main reason why they became stricter in issuing cards is because of what happened during the Asian Economic Crisis in '97....their delinquency rate was so HIGH ...close to 20% na yata. Naging conservative sila. Two years ago nga, medyo lenient pa sila. For negative job titles, they required a minimum annual income of 180,000 pesos (15K/month). Now, they increased it to 380,000 ++. Mataas kasi ang credit limit nila eh (min 25,000). Sigurista na sila ngayon.

Pero in fairness to this bank, maganda ang mga benefits nila. OK din ang service and rewards programs. Sobrang bilis din nilang mag-approve (matagal na ang one week lampas). And they take good care of good payers especially Transactors or those who pay in full. Kung maganda kang magbayad they will automatically increase your limit. Kung good payer ka you'll notice na after one year na nung card mo, marami nang Citibank agents ang mangungulit sa'yo to apply for another card. Citibank can issue a maximum of 3 different credit cards to a cardholder.

[archerguy]

Originally posted by Gabriela
Archerguy, nag CI na sakin yung inaplyan kong credit card co. Does it mean ba na medyo ok nako? Tipong nakalusot na yung application ko sa discrimmination nila?

Ok naman yung salary ko, I'm a regular employee, not applicable ang poor credit history because this is the 1st time I'm applying for a card, and I don't belong to the so-called "negative zip codes" and "negative job titles".

Chances are, you'll get approved. :) Just make sure na match ang mga data mo sa CI results nila...at mako-contact nila ang office mo (HR dept).

[archerguy]

May isa palang pangit na service ang Citibank....COLLECTIONS. Rude, harassers etc. Kaya kung may Citibank ka magbayad ka ng maganda!

[chaico]

Originally posted by archerguy
Hello. I previously worked for Citibank .....

haha! pareho tayo! PH ka din??? ako just resigned and transferred to another company .. di ko matake citibank eh ... ;)

[*ImSad*]

hello ...

hay naku ***** nyo pa, ang sasama talaga ang bastus
ang mga bibig ng mga collection agent ng Citibank,
Yung friend ko nga na di nakatiis dyan eh kse me utang
syang 20 thou mahigit tapos kung ano ano na pinagsasabi
sa kanya, Ang ginawa nya personally pinapunta nya yung
taong naniningil sa kanya at kung ano ano pang word na
masama ***** sa kanya...

***** nya na magbabayad na sya ng full, CASH at gusto nya ito
ang pumunta para kunin yun.....

Kaya yun nung pumunta na sa Opis nya, Binigay nya yung cash at hinintay nya yung O.R. after nun ni Play nya yung
conversation nila b4 sa phone (naka record ***) sabay sampal :)

o diba bongga buti nga sa kanya :)

[thehitman]

Kung halimbawang na-reject yung application, paanong sasabihin sa iyo? By phone o by letter? Wala pa ring balita sa mga inaplayan kong card (BPI at HSBC). Naitapon na yata sa kung saang bodega.

:cool:

[Wittygurl]

Originally posted by thehitman
Kung halimbawang na-reject yung application, paanong sasabihin sa iyo? By phone o by letter? Wala pa ring balita sa mga inaplayan kong card (BPI at HSBC). Naitapon na yata sa kung saang bodega.

:cool:

Give them a call and ask the status of your application:)

[floreno]

Just wondern'...
Sino dito ang American Express Card Holder???

Tell us about your application experience.

[KuyaDanny]

I am an American Express cardholder (member since 85). I did not apply for one. I got one, already approved, several months before I graduated with an MBA degree. Somehow the gesture seemed important to me at that time that I loved, and continue to love, this company for doing me that favor. My American Express Card became my first credit reference on which other credit card applications were based.

This is a common American Express marketing technique. From time to time I still get a notice of a "pre-approved" Amex card, which of course I now refuse.

I don't know about their application methods but I suggest you don't apply to them unless you absolutely need a card. Sooner or later they will find you and offer you a card. You'll feel better that way.

[phantom]

In the US, tons of unsolicited pre-approved credit card offers fill the students' mail boxes. :) If you're new here, you're more likely to easily get one or two cards, with low credit line. Not bad. Future offers from other banks would depend, of course, on how you've established your credit history. Thus, the next pre-approved cards don't always mean you'll really get them.

[sagan]

Originally posted by phantom
In the US, tons of unsolicited pre-approved credit card offers fill the students' mail boxes. :)

or even mail a pre-approved one to a four year old child.

[sadirmata]

dp

[sadirmata]

Originally posted by thehitman
Kung halimbawang na-reject yung application, paanong sasabihin sa iyo? By phone o by letter? Wala pa ring balita sa mga inaplayan kong card (BPI at HSBC). Naitapon na yata sa kung saang bodega.

:cool:

after some months e meron ka na lang matatanggap na letter informing na hindi ka puwedeng isyuhan ng inaplayan mong cc, sabay suggest nila to apply instead sa isa pang cc wherein you have to deposit some amount, usually P10,000, na siyang magiging pondo raw ng cc mo. kalokohan kasi ide-deposit mo sa kanila yung pera mo na siya ring iyong gagamitin. hindi naman sila magbibigay ng karagdagang pondo nito. parang debit card din. ganyan ang mga reply letter na natatanggap na namin mula sa HSBC at iba pa. usually ay walang nakapirma sa letter kasi system-generated daw yun.

[thehitman]

Originally posted by sadirmata


after some months e meron ka na lang matatanggap na letter informing na hindi ka puwedeng isyuhan ng inaplayan mong cc, sabay suggest nila to apply instead sa isa pang cc wherein you have to deposit some amount, usually P10,000, na siyang magiging pondo raw ng cc mo. kalokohan kasi ide-deposit mo sa kanila yung pera mo na siya ring iyong gagamitin. hindi naman sila magbibigay ng karagdagang pondo nito. parang debit card din. ganyan ang mga reply letter na natatanggap na namin mula sa HSBC at iba pa. usually ay walang nakapirma sa letter kasi system-generated daw yun.

Swak na swak yung sinabi mo! Kararating lang kanina nung letter nila, at ganyang-ganyan yung nakalagay.

Hinihintay ko na lang yung application ko sa BPI. Pag na-reject din, apply sa Citibank. Pag ni-reject doon, ewan ko na lang kung saan ako pupulutin. Kainis, mahigit isang taon na ako dito sa kumpanya at maganda naman yung sweldo na natatanggap ko. :depressed:

:cool:

[ahock]

could somebody give an advice on what credit card is the best I mean rate them overall not just application acceptance.... Overall services..... and please elaborate.... like sino mababa interest mabilis ang processing.......

Ate Caramba seems odd sabi mo bad record ang Citibank eh may add sa pex for citibank :D KD musta????

[KuyaDanny]

Hello, ahock. Mabuti naman ako. :)

Kung first time mo lang mag-aaply, baka sa Citibank ka pa tanggapin. Yung mga empleyado sa office namin na iisa lang ang credit card, Citibank ang nagbigay.

At yung comment ni Ate Caramba tungkol sa Citibank last year pa niya sinulat. Baka nagbago na. ;)

[ahock]

Originally posted by KuyaDanny
Hello, ahock. Mabuti naman ako. :)

Kung first time mo lang mag-aaply, baka sa Citibank ka pa tanggapin. Yung mga empleyado sa office namin na iisa lang ang credit card, Citibank ang nagbigay.

At yung comment ni Ate Caramba tungkol sa Citibank last year pa niya sinulat. Baka nagbago na. ;)

KD sa experience mo alin ang magandang credit card well overall.... could you rate them and tell me why ? ;) thanks

[lukaret]

actually kuya danny citibank is still rude with regard to their collection etc. I would advise people not to patronize them anymore because they are rude and I have also heard of others who have been insulted by citibank whenever they call. I have been advised by one of the legal beagles to complain against the lawyer of citibank for their insults. I would just like to share that piece of advice incase you apply for citibank.

actually if you get denied the first time you can still apply. I got mine when applied fo rthe second time and I gues its easier to get a card application approved if you contact one of their card executives.

[archerguy]

For those who'd like to apply for a Citibank credit card, send me a PM. My friend Sharon is still working as a Telemarketing Officer of Citibank in Libis. One week approval guaranteed provided you furnish the complete documents. For your convenience, she can fax you an application form and have the documents picked up in your ofc/residence. :)

[Apolpay]

me naman, nag apply c ako sa BPI, Kahapon lang may nag CI
na ** sa opis namin, ano kaya ang resulta nun? approved
kaya ako?

*** ba ** may BPI credit Card? ok ba sya? saka kwento naman
kayo dyan about BPI :)

[kurnel]

BPI has some weird stipulations in their contract - even more stringent than Citibank or other banks. For example, they ask you to waive totally your right to confidentiality of bank transactions. In their contract, they're allowed to dig as deep as they want. Citibank, for example, did not have one as strict. I can't really delve into the details, but that's the gist of it

Note: This is how it was 2 years ago. My mom, a lawyer, read the contract and decided not to get a card because of those stipulations. It MAY be different now, but looking at how much BPI is resistant to changing their business processes that have been proven, I doubt it.

[angst]

Originally posted by Apolpay
me naman, nag apply c ako sa BPI, Kahapon lang may nag CI
na ** sa opis namin, ano kaya ang resulta nun? approved
kaya ako?

*** ba ** may BPI credit Card? ok ba sya? saka kwento naman
kayo dyan about BPI :)

I'm a BPI Mastercard cardholder and so far so good. Actually, I applied sa website lang nila. I did not submit any documents but then my application was still approved. Perhaps it was approved because I stated in my application that I have an existing BPI account. Mababa ang binigay na limit because wala akong documents.

Having a BPI card is convenient for me because I use their internet banking facility. I can pay my bill without having to line up in the bank.

[thehitman]

BPI sure took their own sweet time with my application, but after waiting for a month and three weeks, my application was finally approved and my card has just been delivered. Time to study their internet banking facility.

Which now leaves me wondering: why was I rejected at HSBC but accepted at BPI?

:cool:

[Gabriela]

Originally posted by thehitman
BPI sure took their own sweet time with my application, but after waiting for a month and three weeks, my application was finally approved and my card has just been delivered. Time to study their internet banking facility.

Which now leaves me wondering: why was I rejected at HSBC but accepted at BPI?

:cool:

wow galing naman. ako din more than one month na BPI application ko. sana ma-approve nako sa tinagal-tagal ng paghihintay ko.

[angst]

Originally posted by thehitman
BPI sure took their own sweet time with my application, but after waiting for a month and three weeks, my application was finally approved and my card has just been delivered. Time to study their internet banking facility.

Which now leaves me wondering: why was I rejected at HSBC but accepted at BPI?

:cool:

Ganyan din nangyari sa akin....I was accepted at BPI but rejected by Citibank. Oh wel...

[Bea19]

Just want to know kung anong banks ang nag oofer ng pre-approved cards? wala pa kmeng na rereceive na ganun e. Sa malls usually nag apply ang parents ko tapos after 2 wiks pinapadala na. Ang hrap lang sa offer ng Citibank, di nila sinabi sa amin na you have to subscribe to smart for a year para nga naman free fone. Kala ko free unit agad on the spot.

[Gabriela]

Originally posted by Gabriela


wow galing naman. ako din more than one month na BPI application ko. sana ma-approve nako sa tinagal-tagal ng paghihintay ko.

Well, I guess after more than one month of waiting it finally paved off. Na-approve narin ako sa wakas!

[flashgod]

Any insider info on Credit Cards C.I.? To rephrase my question: How do Credit Card companies determine if your qualified or not? Do they check with other card companies? Do they check Bayantel or PLDT or Destiny or Meralco or Manila Water for your records?

[bronze_freak]

I just got my Citibank Clear Mastercard...phew...4 na beses ba naman akong ideny...kabanas...reason kc nila....wala daw sumasagot sa house namin....so i explained kung bakit alang sumasagot don, kc im living with my sister lang and pareho kami nasa work, so expected walang sasagot ng fone....ayun, after a week....tada! hee hee...:glee: :handsdown:

the problem is ano *** dos and donts when using a credit card? pano magbayad? and tama ba na lets say 200 lang *** amount na binili mo....is it proper to use ur credit card instead? :glee:

excited lang me...sorry ha..

[Apolpay]

Katatawag ko lang sa BPI credit card 89100,
kse na CI na ako last week pa, tapos check ko yung
status kanina for proscess pa rin daw....

sana ma aprob ako sanaaaaaa.....

[Ives]

Hello! What is BALANCE TRANSFER?

thanks... ;)

[KuyaDanny]

Supposing you own an Equitable VISA and you have an outstanding balance of P15,000 on the credit card. If Citibank Master Card offers a balance transfer deal, that means they will advance P15,000 to Equitable VISA to pay off your balance there. You will now end up owing Citibank instead of Equitable.

Your BALANCE has been TRANSFERred. The unstated objective is for your to close your Equitable card. Equitable loses one customer and Citibank gains one.

[Ives]

i see, thanks! so you have to have 2 credit cards? what if i don't want to close my first card, can i still do transfer?

[KuyaDanny]

Sure. But remember, balance transfer is not always available to everyone. Sometimes they are only used as part of promos and other marketing programs. Check with your credit card issuer.

[Ives]

ok po. thanks kuya danny!

:)

[junski]

na experience nyo na ba na hindi tinanggap yung credit card nyo as mode of payment (assuming yung merchant ay tumatanngap ng card), especially sa mga provinces.

sa tingin nyo ano kayang credit card (bank) ang d best (widely accepted), yung tipo kahit saan dalhin ay ok. also yung pinaka-importante...anong credit card ang may mababang interest charge...hindi buwaya...

[Apolpay]

inform ko lang kayo guys....

na approved na po yung credit card ko sa BPI yeheeyyyy :)

teka magkano ng ba interest ng BPI di ko alam, labo ko noh ....

basta ang alam ko mababa sila compare sa Citibank na 3.5 dba...

:)

[nance]

hihirap na lalo ang pagkuha ng credit card dahil sa balitang ito:

Freeze on new credit cards eyed as soured loans surge
http://www.inq7.net/bus/2002/jul/02/bus_1-1.htm

"SOURED credit card loans have ballooned to nearly half of the banking system's 47.093 billion pesos in receivables in the first quarter, prompting the Bangko Sentral ng Pilipinas (BSP) to consider stopping the issuance of new credit cards.

'The rising past-due loans from credit cards are already a cause of concern and the Monetary Board has instructed us to propose new measures and possibly put a stop to the indiscriminate issuance of credit cards,' BSP deputy governor Alberto Reyes said Monday."

[KuyaDanny]

Originally posted by Apolpay
teka magkano ng ba interest ng BPI di ko alam, labo ko noh ....


3% per month interest and
3% per month penalty/late fee

[SILENTMAX]

kuya danny
i was given a credit card by bpi
the problem is that the limit is 10k
i called their helpline and they said that they cant raise the limit until 1 year after.
i went to another bpi branch in sm. the assistant manager said that i could raise my limit with a written request.

the problem is i dont know who to believe ive been using my card now for 6 months and the 10k limit is a real pain. i wasnt required the usual paperwork to get it so does this mean im not eligible to recieve all the other benifits other card holders have?

[Apolpay]

Originally posted by KuyaDanny


3% per month interest and
3% per month penalty/late fee

ahhh ganun ba okey tenk u kuya danny :)

[Gabriela]

Yeah I also called BPI because I wanted to apply for SIP (deferred payment) of my new card. Yun pa naman yung habol ko. They said that I have to wait for 1 year pa.

[KuyaDanny]

Originally posted by SILENTMAX
i called their helpline and they said that they cant raise the limit until 1 year after.
i went to another bpi branch in sm. the assistant manager said that i could raise my limit with a written request.

You should believe their helpline. BPI normally increases limits only on anniversary dates (when your membership is renewed), unless there are extraordinary circumstances. Finding the credit limit too small for you is not extraordinary.

[AltheaLove]

Kung gusto niyong maging impiyerno ang buhay nyo, mag-apply kayo for a credit card. Tiyak pag na-aprub, that plastic thingie will be your passport to hell.

[Gabriela]

Nasa taong gumagamit yan. We were able to buy a lot of things that we can't buy with cash. Sarap ng feeling after one year mong hulugan.

[Apolpay]

nakuha ko na yung BPI Express Credit Card ko kanina lang :)
bininyagan ko na nga eh :) ....

teka magkano nga pala ang annual fee ng BPI,
kse ngayon free wala akong binayaran, eh next year me bayad
na diba magkano kaya?

paano kung 1 year akong naging good client ng BPI as in
di ako na l-late sa pagbabayad pwede kayang i pa waive ko
sa kanila yung annual fee?

[sagan]

Originally posted by Gabriela
Nasa taong gumagamit yan. We were able to buy a lot of things that we can't buy with cash. Sarap ng feeling after one year mong hulugan.

that's what the credit card company wants you to feel, so they can get more of your money through interests..

[KuyaDanny]

Originally posted by Apolpay
teka magkano nga pala ang annual fee ng BPI,
kse ngayon free wala akong binayaran, eh next year me bayad
na diba magkano kaya?


P1,200 'tol. Wala ka ngang binayaran ngayon pero pagdating ng unang bill mo nakakarga doon.


paano kung 1 year akong naging good client ng BPI as in
di ako na l-late sa pagbabayad pwede kayang i pa waive ko
sa kanila yung annual fee?

BPI? Waive? Good luck. ;) Siguro kung may deposit ka sa bangko nila na P2,000,000 magagawaan nila ng paraan.

[thehitman]

Originally posted by Gabriela
Yeah I also called BPI because I wanted to apply for SIP (deferred payment) of my new card. Yun pa naman yung habol ko. They said that I have to wait for 1 year pa.

I also called up their helpline to inquire about the SIP because of the SIP madness at Glorietta. They said that I might have it in six months if I use my card regularly and pay promptly. But in all probability it will indeed be after one year. I guess we'll have to wait it out then. Sayang yung minamata kong DVD player :depressed:. Congrats nga pala kina Apolpay at Gabriela, halos sabay-sabay tayong na-approve sa BPI. :)

:cool:

[Apolpay]

kuya danny alam mo bang ng nabasa ko itong post mo,
tawag ako kaagad para ma confirm kse baka pag dumating yung
billing ko eh 500 pesos lang yun nagaston ko tapos may naka add
na 1,200.oo eh naku patay na :)

kaya naman tawag ako kaagad at sabi ng customer serv. nila na
si Karen waived daw kaya wala daw akong makikitang 1200.00
sa bill ko :) hay salamat naka hinga na ako :)

wow kuya danny grabe naman ang laki naman ng pera na dapat
naka deposito sa kanila, di ko ata kayang mag deposito ng 2M...

thehitman

oo nga ano.... :) sa akin 10 thou ang credit limit ko.... ikaw?

[KuyaDanny]

May promo siguro kaya libre yung unang taon mo. Buti ka pa. :)

O, iingatan mo ang paggamit niyang card mo, ha? Pwede naman mag credit card na hindi nababaon sa utang. Iiwasan mong masingil ng interest.

[Lolita]

Please allow me to share my inis.

I'm not the type who likes credit. But when I heard about Citibank's clear card and the discounts it has, I decided to apply for one.

Lumapit ako sa isa sa mga citibank agents sa Southmall. I filled up the application form and faxed her my payslip.

After a month or so, I still haven't heard from this agent. Luckily, I kept her cellphone number. I called her up and asked her how my application is doing. She told me that she will call me back.

After 15 minutes, she sent me a text message stating that, "Your application was denied because of your position in your company."

My job title was: Customer Service Officer

So I asked her, why didn't you inform me? And she said that she simply forgot. Gggrrr!!!!

So what if I'm a customer service officer? All my officemates have a credit card. Bakit sila approved tapos yung sakin denied? Unfair naman yata yun.

[mccoy26]

Pakipost yung pros and cons in owning a credit card from:

a.CITIBANK
B.STANDARD CHARTERED
c.BPI
d.AIG
e.UNIONBANK
F.HSBC

May nakukulong ba dito kapag hindi mo binayaran yung outstanding balance?

[thehitman]

Originally posted by Apolpay

thehitman

oo nga ano.... :) sa akin 10 thou ang credit limit ko.... ikaw?

10 thou din. After one week dumating yung BPI e-Credit na card. Medyo useless pa sa ngayon kasi napaka-konti pa ng mga online merchants. Isang beses pa nga lang ako nag-purchase online eh, yung para sa subscription ko dito sa PEx (via MyAyala).
Personally, tama lang yung 10K sa ngayon. Sobra-sobra na siya para sa needs ko...

:cool:

[thehitman]

Originally posted by Lolita

So what if I'm a customer service officer? All my officemates have a credit card. Bakit sila approved tapos yung sakin denied? Unfair naman yata yun.

Pahirapan talaga kapag nasa customer service ka, lalo na kung sa isang call center. Insight ko diyan, mukhang alam nila na di gaanong stable ang job kasi alam nila na mataas ang turnover rate sa mga call centers (or kahit siguro sa customer service departments ng companies). At ang masakit dito, totoo naman. Kung nasa call center ka, kailangang makita nila sa residency mo na okay ka. Personal insight ito kasi nasa isang call center ako eh. Na-reject yata ako sa HSBC dahil doon eh. Kaya lang ako nakalusot sa BPI eh dahil sinabi ko na meron akong BPI Express Cash at madalas ko siyang gamitin.

:cool:

[floreno]

Originally posted by mccoy26
Pakipost yung pros and cons in owning a credit card from:

a.CITIBANK
B.STANDARD CHARTERED
c.BPI
d.AIG
e.UNIONBANK
F.HSBC

May nakukulong ba dito kapag hindi mo binayaran yung outstanding balance?


So far ito lang ang maiishare ko:

CITIBANK

- Onced approved, hndi na mahiram mag-apply in other
cards, madali kang maaprove.

STANDARD CHARTERED

- 2.++% lang ang interest compared to others (3.25%)
BPI
- Appliances lovers will love BPI, marami kasi silang activities regarding 0% Interest on deffered payments.

AIG
- cardholders get Life insurance, including 1 to 2 dependents in your family.

UNIONBANK
Di ko alam....

HSBC
WALA ! ! !

[mccoy26]

Originally posted by floreno




STANDARD CHARTERED

- 2.++% lang ang interest compared to others (3.25%)


2++% lang ba sure?is it regardless of how low or high your credit limit is,coz i heard na kapag 41k pataas crredit limit mo dun pa lang yung lower interest rate.Thanks

[SILENTMAX]

ive heard really bad stories about
citibank
when you dont pay your bills they have a third party credit collector and they harras you in your office and your house and even thru your friends. their game is trying to emmbaras you in front of everybody to make you pay up.

when i heard this i was terrified even to take those citibank brochoures at the malls

im sticking with bpi

[mccoy26]

Originally posted by SILENTMAX
ive heard really bad stories about
citibank
when you dont pay your bills they have a third party credit collector and they harras you in your office and your house and even thru your friends. their game is trying to emmbaras you in front of everybody to make you pay up.

when i heard this i was terrified even to take those citibank brochoures at the malls

im sticking with bpi

thats all true!!!

[Apolpay]

kUYA DANNY : tama ka, kelangan maging maingat at maging desiplinado ako sa pag gamit ng credit card ko, kse b4 meron
na din akong CITIBANK at sa ngayon closed na sya ayaw ko na
sa kanila kse hirap nilang paki usapan....

mccoy26 : sa pagkaka alam ko WALANG NAKUKULONG sa pagkakautang, kaya lang masisira naman ang name mo kse naka
listed ka na sa mga Bank, at sa future malaking hassle ito, hal.
biglang kelangan mong mag loan sa bank, hindi ka makakapag loan kse meron kang record, kung sa pag ibig mo hal. mag aaply
ka ng housing loan di ka rin ma aaprove kse me record ka na nga...

thehitman : yung ka opis meyt ko nakuha na din nya yung credit
card nya, 10 thou din ang limit nya....

sabi nya 10 thou, 10 thou daw yun, yung isang 10 thou eh sa
appliances mo sya magagamit na 0 Interest :) o diba bongga....

[Gabriela]

Originally posted by floreno

So far ito lang ang maiishare ko:

BPI
- Appliances lovers will love BPI, marami kasi silang activities regarding 0% Interest on deffered payments.


That's me! We were able to buy aircon, and even upgrade our PC. Meron din silang vacation/travel packages (pero opt for deferred para fix ang interest).

[Gabriela]

Originally posted by sagan


that's what the credit card company wants you to feel, so they can get more of your money through interests..

Of course that's the price I have to pay. Since it's difficult for me to save for appliances because I have to think of other expenses to pay for, a credit card is really practical. Parang nag-ipon ka pero you got the item in advance. Now you're forced to good on paying it.
I guess credit cards can make your life a living hell if:
1) you're the impulsive buyer
2) you cheated on your income when u applied 4 a card

[angst]

Hay naku! I was denied of my credit card application once again by Citibank. Actually, wala na sana akong balak mag-apply. But then, out of nowhere somebody called me sa office saying that this time daw they can assure na ma-approve. Ako naman, kumagat because the telemarker seems a bit friendly (geez, I'm supposed to be smart! :D ) and he told me that he has so many clients na rin daw na officemates ko.

After 2 weeks, nagtataka na ako kung bakit wala pa ring tumatawag sa akin and so I asked my friend who works sa Citibank kung ano na nangyari. Ayun, na-deny na naman daw. Di pa rin tumatawag ang telemarketer na yun pero I just don't know how he will explain to me that I got denied. After all, he claims that he knows daw that my application will be approved. Whatever.

[burnik78]

GUYS, TULUNGAN NYO NAMAN AKO....KASI ANDAMI KO NA TLGANG CREDIT CARD COMPANIES NA INAPLAYAN...AS IN....LAHAT NA ATA NG EXISTING CC COMPANY PINASAHAN KO NA NG APPLICATION KO...LA PA REN...DENIED AKO PARATE...

ANO BA DAPAT KO ILAGAY SA INFORMATION/APPLICATION SHEET...THOSE THINGS NA TLAGANG MA-AAPROVED KA....?? KASE AKO INQUIRE AGAD AFTER A WEEK...AND THEN THEY WILL SAY NGA "YES MR______, IM SORRY TO TELL YOU BUT YOUR APPLICATION WAS DENIED....OR SO....? BAKA NASA CONTENT AGAD NG APPLICATION KO...DI KAYA....?

KELANGAN BA TLGANG MAY AGENT KA TO FACILITATE FASTER APPROVAL...???

SIGE NA MGA TSONG...HELP ME ****......AYAN TULOY WAIT NA NAMAN ULIT AKO NG SIX MONTHS TO RE-APPLY....KAKAASAR ****...

ANY INFO WOULD BE VERY MUCH APPRECIATED.....

:cool:

[burnik78]

dapat pala "your application has been denied"..hehehe tabi tabi po sa mga police grammars dito.....peace

[bronze_freak]

Ive been denied 4 times sa Citibank. On their fifth try, take note: they are the one who's applying for me...hee hee..., they asked me kung bakit wala daw sumasagot sa bahay namen, so i told them na wala tao dun pag umaga kase im living all by myself. Perhaps un *** reason kung baket nadedeny *** credit card ko. After a week or so, naapprove *** application ko.

Saka factor din sa kanila kung san ka nakatira and your nature of job. *okay*

[Pin@tubo]

sweldo - dapat abot sa minimum requirement nila. i believe it should be at least 10K. pwede mong landiin ang hr or acctg dept nyo para i-retoke muna sweldo mo.

employment status - kelangan regular ka. madalas declined pag contractual ang status mo. kaibiganin mo maiigi ang hr para magandang certificate of employment at background check feedback ang ibigay sayo.

sa application, wag mo ilagay kung ano mga utang mo. kailangan malinis ang credit background mo.

[SpincrasS]

got my 5th credit card today.. di naman ako nag apply... papa cancel ko na lang ulit...

[thehitman]

Nagpapalitan ba ng info ang mga cc companies? Minsan kasing may tumawag na taga-Citibank, nagtatanong kung gusto ko ng isa pang credit card. Ang linya niya ay something to this effect: I understand that you currently have a BPI credit card and I was wondering if I could interest you in one of our cards...

:cool:

[KuyaDanny]

Yes, they exchange information - both good and bad - about cardholders.

[OliverWood21]

Parang ayoko pa rin magka credit card... Parang mahirap bayaran e.. ;)

[bronze_freak]

Originally posted by OliverWood21
Parang ayoko pa rin magka credit card... Parang mahirap bayaran e.. ;)

control lang ang kailangan...go ahead.....kuha ka na...:glee: :devil:

[angst]

Originally posted by mccoy26
Pakipost yung pros and cons in owning a credit card from:

a.CITIBANK
B.STANDARD CHARTERED
c.BPI
d.AIG
e.UNIONBANK
F.HSBC

May nakukulong ba dito kapag hindi mo binayaran yung outstanding balance?

a. Citibank
- mataas ang credit limit. And you can check your charges in their online billing facility. The problem is pangit ang customer service nila. As in when you call their phone officers, pa iba-iba ang pinagsasabi nila. Inconsistent ang pinagsasabi.

b. Standard
- mataas din ang limit. But their billing system is gross. Palaging delayed ang billing statement because they don't have a courier and they depend on our postal system to deliver the bills. Just imagine my irritation last month when malapit na ang due date and yet wala pa ring bill. Another cause of irritation is their ultra-high exchange rate. I used my card while I was in the States and I was so irritated to discover that they used 56+ pesos to a dollar as the exchange rate. What the heck!

c.BPI
- mababa ang credit limit. But I have no complaints regarding their billing. Accurate and timely ang billing statements. Plus the fact that you can check your charges through express phone and express online makes this card really convenient.

The others, I can't judge them since wala akong cards from those other banks.

[thehitman]

Yeah, efficient ang BPI pagdating sa billing. Ang cut-off date nung card ko ay 15, as early as 21 dumarating na yung bill. Gives me around 2 weeks to pay for it. I haven't had any problems with my card though, so I can't comment on their customer service since I haven't called them up.

:cool:

[SUTIL]

i tried to apply sa BPI pero sabi kelangan ko pa daw deposit at least 10K bago ma-approve *** credit card application ko. ang daya..

[mark_mark]

ako im happy na wala na akong credit card. muntik na akong mabaon diyan dati.

ang style ko is i have a revolving fund sa bank and i use it for my expenses. pinapakikot ko lang. so para na rin akong may credit limit. wala pang interest!

[figureskater]

Gusto ko ng credit card, pero lahat ata ng credit card companies nagre-require ng landline. Meron bang hindi?

Parang OA naman kung magpapakabit pa kami ng telepono para lang sa credit card...

[Krakista]

Siyempre requirement ang landline phone. :glee:

Para just in case hindi ka makapagbayad, puwede silang makipag-phonepal sa iyo.

[KuyaDanny]

Wala bang landline phone ang office mo?

[floreno]

Take note some CCard Companies require Postpaid Landline...di sila tumatanggap ng "TeleTipid" like Landline phone

[kiber_mo]

I have no complaints with BPI. Napa-accurate at timely ang billing statement nila. As with their Customer Service, superb ang services. Mabilis sila umaction sa mga complaints at request mo.

I hate Citibank, HSBC, Standard Chartered, AIG, at Unionbank. Eengot- engot ang kanilang customer service at masyado malaki ang interest charges nila.

[figureskater]

Wala bang landline phone ang office mo?

Meron. Pero ang hinihingi nila ay home landline phone. Haay. :depressed:

May alam ba kayo na nagbibigay diyan kahit walang home phone?



Off-Topic: Salamat, Kuya Danny, for putting my query in the appropriate thread. :) :up:

[KuyaDanny]

If I may ask, why don't you have a landline phone at home?

[figureskater]

We are renting a house and when we moved in, it didn't have a phone. We really don't need a landline, since we all have (prepaid) cellphones, and most of the time nobody is left in the house. :)

[KuyaDanny]

Not all requirements are given equal weight. It seems to me that credit card companies are close to desperate when it comes to finding new and creditworthy, cardholders. Your own explanation for not having a phone at home is not unusual to me. If everything else in your application (income, credit history, job, etc) checks out and helps justify that you are a good credit risk, I can't see why you shouldn't try.

[Leo_Wyatt]

I applied for BPI Master Card. ;) I am not after with high credit limit since my purchases dont reach a very huge amount.

[Leo_Wyatt]

I have no complaints with BPI. Napa-accurate at timely ang billing statement nila. As with their Customer Service, superb ang services. Mabilis sila umaction sa mga complaints at request mo.

I hate Citibank, HSBC, Standard Chartered, AIG, at Unionbank. Eengot- engot ang kanilang customer service at masyado malaki ang interest charges nila.

About Citibank naman, I cant view my bills online kahit nag-register na ako sa website. The site is not so user-friendly. :grrr:

[caitlynn_415]

hello,

gusto kong mg apply ng credit card... please help. kahit anung credit card company...

thanks!

[Bourne Supreme]

I'm planning to get a credit card just so I could build a good credit profile/reputation

with banks. Is this a rational reason to get one?

[KuyaDanny]

I think so.

[brock]

I'm planning to get a credit card just so I could build a good credit profile/reputation

with banks. Is this a rational reason to get one?

true! :naughty2:

i got my citibank visa year 2002. they gave me a very small limit of 20k. after 2 years of good credit standing i was able to get a citibank loan worth 100K! :)

[brock]

Palaging delayed ang billing statement because they don't have a courier and they depend on our postal system to deliver the bills. Just imagine my irritation last month when malapit na ang due date and yet wala pa ring bill.

always delayed ang bill ng standard chartered. like this month wala pa ring bill. but they can give your outstanding balance thru text messages. kelangan mo muna pa register. tapos you can text 'obl "credit card#" ' to 7911111. reply can be expected within 1 minute - 3 hours. :eyecrazy:

di ko na hinihintay yang super late na billing statement na yan. text na lang tapos bayad using citibank online kung ano outstanding balance. :naughty:

[raider03]

hello,

gusto kong mg apply ng credit card... please help. kahit anung credit card company...

thanks!

try calling BPI's 89-100. speak with a phonebanker and he/she will accomplish the application form for you. ifa-fax na lang nila sa 'yo for you to sign it. you can also go to any of their branches or kiosks (the one inside malls, they're open thursdays to tuesdays, 11:00am - 7:00pm) to apply for one. :)

[rychu]

any comments on the Equitable-PCI Bank MTV credit card. I think they are very lenient since their requirements are fairly not-so-overbearing compared to others. However, I don't know any thing about them. Pros and cons?

[makoy11]

Kuya Danny, ano ginawa mo para ma-apprve cc app mo??

[trizfores]

i have a few credit cards. i use them once in a while, but not too much. then recently, another bank called me up and said i was pre-approved for a bank loan. funny thing is, i don't have an account with them, or a card with them. i don't need the loan, but then i'd say that it is good to have some good credit reputation.

[KuyaDanny]

Kuya Danny, ano ginawa mo para ma-apprve cc app mo??

I don't apply for credit cards anymore, makoy. I have way too many. About six times a year I am offered pre-approved credit cards over the phone or through the mail, and I turn them all down, as I have no need for them.

My first credit card was a Bankard guaranteed by my father. After a few years of membership I had it suspended because I was going abroad to study. When I returned I had the card reinstated and un-guaranteed. I have held on to that card since then.

I also was among the first to hold a BPI Express Credit card. I worked for the bank then and they decided to issue cards to their employees so that the employees could help popularize the card's use. BPI being what it was (and probably still is), all employee credit cards had to be guaranteed by two other employees. Wouldn't you know it? They already controlled my main source of income, but even that wasn't good enough for them. They gave all employees a credit limit of P3,000 (compared to the lowest credit limit available to non-employee applicants of P5,000).

I have also kept that card until now, and that P3,000 limit has grown to P150,000 today.

I think all those years of loyalty have helped gotten my name into a lot of telemarketer target lists, which is why I get a lot of offers for preapproved cards.

[froshie1]

Yup.

Got denied two years ago for an HSBC Olympic VISA card. I didn't need it. I just thought it looked really nice.

I keep a copy of my denial letter so I can show it to any HSBC agent who tries to get me to apply. That usually shuts them up really quickly.

hehehe nice one kuya danny! :D

[PrEttyD0LL]

Makulit and CitiBank when you don't pay on time... They will call your house about 5-10x a day...kulit no??? nakulitan ako before and I pay it the next day.... and I discontinue with them... and I'm now creditcard free..... hehe...:)

[brock]

Makulit and CitiBank when you don't pay on time... ...:)

Kung makulit Citibank sa credit card mas makulit sila sa loans! :eyecrazy: . Even if it's one week before the due date tawag sila ng tawag to remind you to pay. :surprised:

[floreno]

^^ Kahapon tinawagan ako ng citibank regarding sa Loans ko.....

Take note....sa cell ko pa sila tumawag ah......ganun sila kapursigido

[Leo_Wyatt]

Ako tinawagan ako ng BPI to verify information i filled up sa application form. Hopefuly ma-approve iyon. :)

[pinay24]

As far as I know once na you own a credit card a lot of credit card companies would offer you another credit card( mine average of 3-5 each month by mail) & even offer mortgages & loans over the phone over and over again kahit na you never applied for it. I got this annoying phone calls all the time.

[trizfores]

As far as I know once na you own a credit card a lot of credit card companies would offer you another credit card( mine average of 3-5 each month by mail) & even offer mortgages & loans over the phone over and over again kahit na you never applied for it. I got this annoying phone calls all the time.
credit card companies work differently here in the PH. we don't have telemarketers that bug as every month. maybe for some people, it's like 1-2 times a year, but then that's it. and it's very rare that they they'll keep on calling you and bugging you, unless of course, you have some billing settlements that you haven't paid for yet. :)

[Nico_]

ive been declined for a credit card 3 times now, i met all the requirements and submitted all the necessary documents.. credit card companies are not really able to tell me why because of the policies thats why i decided to post.

i noticed that i dont have a TIN # on my ITR and it only covers 2 mo. of my whole salary, could this be one reason why i am being declined?

can someone tell me what other factors should i consider before passing a credit card application? my gf's is about to give birth and im pretty sure il be needing a credit card for our baby.

thanks for all the reply:)

[dA^mAtRiX]

why don't you try getting a loan from a bank or from your company... i was also declined a lot of times, because credit card companies wanted people who have been working for at least one year.

[Nico_]

9 mo. palang ako sa company, but the thing is my officemate na kasabay ko lang meron na siya.. im very confused how CC approval really works

[earathou]

once lang ako na declined kc hindi pa ako 1 yr ang savings account ko sa kanilang bank.
isa din itong factor na tinitgnan ng banko.
hindi lang bsta nagsasave lang kundi malaki din ang iniipon mo dun kc kinicompute ang average balance ng savings mo.

tapos nag apply ako ulit nun nag 1yr na ang savings account ko at naaprove na ang credit card application ko.

dapat completo na ang requirements na isubmit mo sa kanila kc daw dadami ang mga negative points mo.

at *** lifestyle mo rin ay tinitignan nila kung mkakabayad ka ba ng utang sa credit card.
kunwari nag rerent ka lang ng haus 5k or more tapos less dan 20k *** ang salary mo. tyak hindi ka maaprov.

tinitignan kc nila kung mgkano ang matitira sa salary mo or income *** makabayad ka sa debt mo sa credit card kung sakali meron ka na.

if sponsor sa company ang pag-apply ng credit card mo ay maaprove yan for sure pero dapat regular ka na. kc may assurance *** na u are earning regular income.

un lang po ang nalalaman ko tungkol sa credit card application on declination and approval.

:)

[fwwizards]

Piece of advice...When making your decision about getting a credit card, ask yourself the following:

Do I need a credit card?..Can I afford a credit card?..Will I be able to pay off my balance each month?

many credit card cmpanies charge late fees,usually 4+ percent of the outstanding balance and higher interest rates on cash advances and they
even had a finance charge! and you have to pay annual fees pa!.

think about it first or else you might ended up broke :D

but if you're responsible enough go for it hehe check their
interest rest,no annual fees and benefits like airlines miles,free
gas, etc.

[manabs]

There are many reasons why a person gets declined but they all relate to the person's credit worthiness.

Ask yourself the ff questions and put yourself in the position of the bank whether to approve your application or not:

1) Is my take home pay enough to pay for my monthly dues?
2) Is my salary/income fixed or on commission?
3) Do I have other outstanding loans? If yes, have I defaulted payment in any of them?
4) Am I reachable/contactable?
5) Do I own assets that have value?

[malfoy2k]

try mo kaya apply sa bankard...

on the other side, ayaw mo nyan,less temptation

[alex_yuppie]

Try mo sa HSBC... less strict sila compared sa Citibank...

[alex_yuppie]

Usually kse mas madali kang ma-approve for a credit card kapag employee ka in one of the Top 1000 Corporations (based on Watson-Wyatt Survey). They don't require you any requirements, just a photocopy of your I.D.

[metropolitan]

Usually kse mas madali kang ma-approve for a credit card kapag employee ka in one of the Top 1000 Corporations (based on Watson-Wyatt Survey). They don't require you any requirements, just a photocopy of your I.D.

how will i know if my firm belongs to the top 1000? can this be found on the internet?

[KuyaDanny]

I have a lot of credit cards, and I still get denied when I apply.

About two years ago I got a call from Diners Club, of which I have been a member since 1989. They asked me to update my information and faxed me a form to fill up and fax back to them. It was their standard application form with the word "UPDATING" stamped on top. I filled it up and sent it back. Several weeks later I got a letter rejecting my application. :lol:

So I don't apply anymore. I just wait for them to give me one.

[SUX2BÜ]

Usually kse mas madali kang ma-approve for a credit card kapag employee ka in one of the Top 1000 Corporations (based on Watson-Wyatt Survey). They don't require you any requirements, just a photocopy of your I.D.

Not true. One's credit worthiness is not measured by where s/he works. I used to work as a Credit Risk Officer and I'd declined hundreds of people who worked for top 1000, even top 500 corporations. There are just hundreds, even thousands, of applicants a day that it is really easy to say no without even thinking twice. And I'm not just talking about CC's, but other types of loans as well, such as home equity, car, real estate, equipment, mortgages, LC's, etc.

You have to believe me that sometimes getting approved is a hit and miss thing. Some officers I worked with wouldn't have second thoughts about declining an applicant just because his/her name didn't sound right. How many times have we heard that an officemate's application was approved and yours was not even though both of you were on equal footing?

:)

[tidus1203]

Credit cards suck, mag debit card na lang tayo....

[rychu]

citibank has declined me twice already. but i'm happy na rin sa HSBC and BPI. nasasayangan lang ako sa very high credit limit ng citibank na gusto ko sana especially when i go abroad.

[RiskyMode]

Credit cards suck, mag debit card na lang tayo....

tidus,san mganda mag apply ng debit card? i'm still
using may BOA debit card kaso mahal magpa wire
transfer ng funds.

[julia_v]

lagi din ako declined during the first months that im working. and sabi nung isang CC agent, blacklisted daw kasi yung area ng bahay namin, meaning maraming taga sa min na nde nagbabayad. she even suggested to use another address, probably of a friend or relative na wala sa blacklist nila (citibank) yung address but sabi ko wag na lang... yaw ko mag fake ng address, kung ayaw nila iapprove e di wag! tapos pati sa ibang banks declined din ako, di ko na mabilang kung ilang beses na pero at last na approve ako sa hsbc (pero declined din ako dun a year before they approved my card). siguro dahil din sa company ko, kahit barely 3 months pa lang ako nagwowork for this company and di pa ko regular employee nun, naapprove din. tapos nun dami na tumatawag na ibang credit card companies na dati e dinecline din ako like bpi. pero binigyan na nila ako ng card. yung citibank naman, mukhang hopeless na talaga ako maapprove dun kasi kahit na tinatawagan nila ako informing me that i was selected to be given a FREE credit card, in the end declined pa din and ang problem pa din is yung home address ko. bahala sila kung ayaw nila ako bigyan ng card, ang ganda ganda pa naman ng record ko sa hsbc, as in once pa lang ako na-charge ng interest :)

don't be sad, ganyan din ako dati, as in gustong gusto ko magkaron ng cc and nung meron na ko, i learned that it takes a lot of discipline sa paggamit para di ka ma-addict sa paggastos. ginagamit ko lang yung card ko for the points and freebies, yoko magbayad ng interest no! sayang din yun. yung bpi ko nga, never ko pa ginamit... ang baba kasi ng credit limit tapos P25 per point pa e sa hsbc P10 per point lang hehehe

siguro pag medyo matagal ka na nagwowork, maaapprove ka din o kaya pakuha ka na lang sa company mo *okay*

[metropolitan]

magapply ka sa mga newer card companies like Metrobank and BDO sigurado uhaw sa mga bagong cardholders ang mga yan.

[rychu]

magkano ang binibigay ni BDO na credit limit?

[RIGOR]

mganda express credit ng BPI. mas maganda debit card, mas controlado pa ang panggastos.. ..

siguro *** ksama mong 9mos palang e approved agad,bka may direct referral sya, try mo magapply sa eastwest ng credit card. madali lang magapprove..

[DarkStreet]

sorry for just a noob question.

anong requirements sa pagaapply ng CC or Debit Card?

[tidus1203]

Debit card walang requirement walang ding fees basta meron kang savings or checking account with the bank you can apply for a debit card instantly cause walang talo ang bangko dito. Credit cards on the other hand needs a lot of requirements since they are debt and you might default.

[metropolitan]

sorry for just a noob question.

anong requirements sa pagaapply ng CC or Debit Card?

please visit the ff websites:

debit card:
www.equitablepcib.com (look for visa electron or ATM savings account)
www.unionbankph.com (look for EON or E-Wallet)

credit card:
www.bpiexpressonline.com (click credit card from products and services)
www.citibank.com.ph (click credit card)
www.equitablecard.com.ph (click apply after selecting a card brand)

[Xandman]

what are the criteria to be able to accept credit card payments? i mean what do these merchants consider inorder for them to allow you this?

is it already possible here in the philippines to take credit card details on the phone and be able to verify if the amount is approved?

[CutieCube]

Share your Experience in applying for a credit card....

[Agapito]

Baka naman kasi wala ka talagang pambayad. :D

[Papichulo168]

Ooops wrong post.


Applying for a credit card pala yung topic.


Nope, No bad experience.


Yet.

[CutieCube]

naka inis *** tagal tagal mo na nag apply tapos sasabhin sayo "sir nawala po namin records nyo, paki fax nyo po ulit mga requirements..." hay... kakanis dba...

[princessdiane30]

yeah sabi nga din ng cousin ko,rude daw mga tiga hotline nila....

[freelancer517]

mag HSBC ka na lang..although ang tagal dumating ng card nila :lol: took a month bago ko nareceive *** card ko :bop:

pero ok naman *** customer service *okay*

[princessdiane30]

mag HSBC ka na lang..although ang tagal dumating ng card nila :lol: took a month bago ko nareceive *** card ko :bop:

pero ok naman *** customer service *okay*

hi Im applying for HSBC. Okay ba services nun? matagal i-issue card, talagA?
bakit naman? :)

[mikki_pretty]

uu nga!! badtrip din ako sa bpi credit cards e.. nakakainis kase binayaran ko na yung isa kong utang, tas nde ba naman dineclare!!! demet!!! ayun, sinisingil paren nila ako dun! damn!

[jadegarden]

mag HSBC ka na lang..although ang tagal dumating ng card nila :lol: took a month bago ko nareceive *** card ko :bop:

pero ok naman *** customer service *okay*


got mine only after 2 weeks..true ok ang HSBC people from the Caloocan Brach where I got mine were all friendly even *** mga sumasagot sa hotline nila:)

[narutrix]

i'm also applying for hsbc credit card, yung merong free na timex watch :glee:

[freelancer517]

hi Im applying for HSBC. Okay ba services nun? matagal i-issue card, talagA?
bakit naman? :)

haha i dunno, naunang dumating *** supplementary card ng mom ko bago *** sa kin..pero sa iba, ganun nga..just 2 weeks lang dumating na *** card nila..and mabait and maayos kausap *** mga taga customer service nila *okay*

[CutieCube]

naka inis *** tagal tagal mo na nag apply tapos sasabhin sayo "sir nawala po namin records nyo, paki fax nyo po ulit mga requirements..." hay... kakanis dba...



oo nga rude nga, naka experince na ako sa hotline nila rude tlaga mga agent nila

[freelancer517]

^^ nice naman naru..may panlibre ka na sa min :naughty:

[CutieCube]

got mine only after 2 weeks..true ok ang HSBC people from the Caloocan Brach where I got mine were all friendly even *** mga sumasagot sa hotline nila:)

parang maganda nga service ng HSBC, Ive heard a lot of good feedback na,,,,

[freelancer517]

^ bibigyan ka rin nila ng gift pag birthday mo :D and dami laging promos

anu ba? kelan ba ko babayaran ng HSBC sa pagpplug ko ng credit card nila dito? :rotflmao:

[CutieCube]

^ bibigyan ka rin nila ng gift pag birthday mo :D and dami laging promos

anu ba? kelan ba ko babayaran ng HSBC sa pagpplug ko ng credit card nila dito? :rotflmao:


ah talaga cool pala HSBC, sana araw araw bday ko.... :rotflmao: :lol:

ehehe malay mo madinig ng HSBC yan bayaran tayo.... :lol:

[freelancer517]

kaso di ko naman na-avail yung gift ko na yun..ewan, tuwing pupunta ko ng gbelt nakakalimutan ko dumaan sa sentro..ayun, tapos na ang november..di ko nagamit :(

sana manalo ko ng 26" na samsung LCD TV :lol:

and yeah just remembered, may P 500.00 credit ka when your application gets approved *okay*

[CutieCube]

kaso di ko naman na-avail yung gift ko na yun..ewan, tuwing pupunta ko ng gbelt nakakalimutan ko dumaan sa sentro..ayun, tapos na ang november..di ko nagamit :(

sana manalo ko ng 26" na samsung LCD TV :lol:

and yeah just remembered, may P 500.00 credit ka when your application gets approved *okay*


what do you mean "may P 500.00 credit ka when your application gets approved"

[freelancer517]

uhm..nung dumating kasi yung card ko..syempre ginamit ko na sya, tapos naka-accumulate ako ng mga 2000 siguro. supposed to be, ang babayaran ko pagdating ng due date ko is 2000..pero upon approval daw nung application ko, i got P500.00 credit kaya ang binayaran ko na lang is P1,500 dun sa first bill ko *okay*

check this out http://www.hsbc.com.ph/ph/personal/products/online/500/500.htm

[CutieCube]

uhm..nung dumating kasi yung card ko..syempre ginamit ko na sya, tapos naka-accumulate ako ng mga 2000 siguro. supposed to be, ang babayaran ko pagdating ng due date ko is 2000..pero upon approval daw nung application ko, i got P500.00 credit kaya ang binayaran ko na lang is P1,500 dun sa first bill ko *okay*



WOW! may bonus pa pala... Galing naman HSBC :)

[celsius]

HSBC declined my application twice for a reason they cannot disclose. I have a Citibank credit card now. I got it without even applying. The bank just called stating that I was qualified for the card and I just have to fax a copy of a valid ID. Processing of application takes 6 weeks but I received the card after two weeks only! *okay*

[tatin_santos]

tulad ng tanong ko sa isang thread....

natangap ko na metrobank visa ko... since nauna sya dumating kaysa BPI ko, ok lang ba kung di ko na i-receive yung BPI credit card ko pag dumating? automatic cancel ba yun?

[KuyaDanny]

Do not assume anything is automatic in this country. Cancel your card if you don't intend to use it. The fact that a card in your name has been made means that it is possible for someone to get hold of the information and use it fraudulently.

[Ryuusagi]

i got mine nung nag member ako sa shangrila makati...

[business_guy]

You must submit ITR, valid IDs, and latest payslips (two months from now). You must have at least a minimum income of P10,000, must have stable job, and most of all - the most important thing - your name must not be included in negative databank. If you have all requirements, but your name is included in negative databank, you won't be able to have credit card. Your name will be included in the list if you have any financial obligations you have not settled, lapsed payment, bounced checks, and etc. Even if you have settled your 'unsettled' account, your name can't be removed in the negative databank for twenty years....

[badasschick]

Hmmm...nagka-loan ako nung college na di ko nabayaran agad. Ako nag-apply ng loan sa school pero parents ko nagsabi sa akin na mag loan. Di ko nbayaran agad yung loan delayed nabigay ng parents ko pambayad. Nasa negative databank na kaya name ko? State university pa naman ako. :(

[Altwegg]

I received my credit card last week and was able to purchase a new pair of eyeglasses.

:glee:

[armirondo]

ei nag apply ako citibank cc jan 8 pa na tanggap application ko pero hangang ***** di pa rin ako nakaka receive ng call form them.. gano ba katagal ma receive ang card..? pending pa naman daw *** application e

[--SuperBoy--]

20 years? what are the ways para matanggal ang name mo sa negative databank?


You must submit ITR, valid IDs, and latest payslips (two months from now). You must have at least a minimum income of P10,000, must have stable job, and most of all - the most important thing - your name must not be included in negative databank. If you have all requirements, but your name is included in negative databank, you won't be able to have credit card. Your name will be included in the list if you have any financial obligations you have not settled, lapsed payment, bounced checks, and etc. Even if you have settled your 'unsettled' account, your name can't be removed in the negative databank for twenty years....

[Q_Silver]

When I started applying for a credit card, I got a big problem since the place I worked dati don't give us payslip and ITR. So wala talaga akong financial documents na requirements for the application. Buti nalang may BPI savings account ako that I maintained since college. May offer kc BPI (Not sure if mayroon pa rin ngayon) na when you got 10k on your account maintained for at least a year, eligible ka mag-apply for a credit card sa kanila. Ayon nag-apply ako. Na-approve naman.

After a year, Metrobank offered me another card then Citibank din (yung Citibank hindi ko pa nagamit even once kasi ayaw ko maraming tatadaan na due dates).

Funny thing about Citibank though, last month, tumawag sila na eligible daw ako mag-upgrade to their Gold card. Which I questioned kung ano criteria nila for the eligiblity since I never used the card pa kasi. Sabi nila, Random daw. well the card is still free for a year daw so I accepted it, but Im planning to cut it in eight months or so, if hindi ko parin nagamit.

[armirondo]

i applied for a credit card at bpi. i submitted 2 payslips and a coe last feb 9. nung tuesday i got a call form them. tas nag follow up ako kanina sabe the card was already APPROVED. wait ko nlang daw after a week. funny thing i got approved by bpi but i was declined by citibank. *** pa ba *** mga banks na mabilis ang processing time..??

[mamaSara]

im planning to apply for an HSBC credit card. so far qualified naman ako, kaya lang, wala a kong ITR. i dont even know what that is. dependend pa rin kc ako sa parents ko. pero im earning naman, but no dependents. bukod pa dun, i just started my work last Jan. 3 2007. kaya im worried. baka pag nagapply ako, madeny agad ako! although sabi nila, di naman ganun kahigpit ang HSBC. at saka sabi nila, pag single and dependent ka pa sa parents, you dont have to pay the annual fee anymore(not just the first year). ewan ko lang kung totoo. anyway, tingin nyo kaya, may chance ako?

[tidus1203]

Nakakainis tong BPI di pa din dumarating statement ko eh next week na yung last payment date. Pwede ba ako magbayad without the statement, alam ko naman kasi yung outstanding balance ko eh.... Thanks!

[Q_Silver]

Nakakainis tong BPI di pa din dumarating statement ko eh next week na yung last payment date. Pwede ba ako magbayad without the statement, alam ko naman kasi yung outstanding balance ko eh.... Thanks!

Yah you could pay without the statement. I pay via phonebanking, but i preenrolled yung credit card account ko dun sa Check free payment nila. pwede din via ATM.

If you pay over the counter, Im not sure if pwede walang statement. Pero ang ginagawa ko minsan, i just deposit the money to my bpi account then manghiram ako ng phone sa bank mismo or sa bahay nalang para i could pay thru phonebanking.

[Altwegg]

I received my Citibank credit card yesterday. Now, I have two credit cards and I'm planning to use them wisely.

[pgma]

question lang
a friend is a holder of supplementary gold mastercard from metrobank. she applied for another gold card from bpi, but this time as the principal. she told me that she submitted the application with complete details but w/o the itr. the branch manager indicated something in the application. its been 3 weeks, wala pa rin *** card. she don't want to make follow up coz she don't want to appear na atat na atat siya. will bpi send her notice whether it is approved or not?

[metropolitan]

question lang
a friend is a holder of supplementary gold mastercard from metrobank. she applied for another gold card from bpi, but this time as the principal. she told me that she submitted the application with complete details but w/o the itr. the branch manager indicated something in the application. its been 3 weeks, wala pa rin *** card. she don't want to make follow up coz she don't want to appear na atat na atat siya. will bpi send her notice whether it is approved or not?

BPI sends letters to declined applications

[armirondo]

bpi nga sobrang bilis e. 2 weeks sakto i got my card.

[tidus1203]

Yah you could pay without the statement. I pay via phonebanking, but i preenrolled yung credit card account ko dun sa Check free payment nila. pwede din via ATM.

If you pay over the counter, Im not sure if pwede walang statement. Pero ang ginagawa ko minsan, i just deposit the money to my bpi account then manghiram ako ng phone sa bank mismo or sa bahay nalang para i could pay thru phonebanking.

Nevermind a day after I posted this the statement came. I always have to pay OTC because I dont have any accounts with BPI I pay using check from another bank....

[business_guy]

About BPI credit card payment, if your statement did not not arrive until maturity date, puwede ka pa rin magbayad - that is thru phone or thru net, but these facilities are for BPI account holders. If you don't have BPI Account, but has BPI Credit Card, you can pay over the counter even without statement, just fill out BPI's deposit slip. Indicating your credit card number as your reference number, or if you have kept previous statement, may customer number doon which starts 020100******** - mas maganda kung ito ang ilagay mong reference number, kasi it talaga ang standard ng BPI, pero if you're not familiar with that reference number, you can just put your credit card number sa deposit slip....

[business_guy]

question lang
a friend is a holder of supplementary gold mastercard from metrobank. she applied for another gold card from bpi, but this time as the principal. she told me that she submitted the application with complete details but w/o the itr. the branch manager indicated something in the application. its been 3 weeks, wala pa rin *** card. she don't want to make follow up coz she don't want to appear na atat na atat siya. will bpi send her notice whether it is approved or not?

ITR is really a requirement to get a credit card approval sa BPI. I don't know sa ibang banks. About sa ibang tao na nagsubmit ng application na walang ITR, sometimes naaaprubahan - that is - recommendation ng bank manager, or sometimes, if you have a good credit standing with other banks, naaaprubahan din maski walang ITR or manager's recommendation. Pero, if you are first time to have credit card na walang ITR to show (as principal cardholder), 101% sure dissapprove application mo, kasi banks will not issue you credit card kung wala ka namang income para pambayad ng nito. ITR is to prove that you have sources of funds to settle your credit card usage....

[armirondo]

i got my bpi cc w/o the itr. i just submitted my coe and 2 payslips. question nag try ako sa bdo din and equitable..? mabilis ba turn around time nun..?

[business_guy]

i got my bpi cc w/o the itr. i just submitted my coe and 2 payslips. question nag try ako sa bdo din and equitable..? mabilis ba turn around time nun..?

Certificate of Employment and recent two payslips can also approve your application. Pero the application would be faster with Income Tax Return. Try BDO. About EPCIB Credit Card, huwag na. As far as I know dissolved na ang card department ng EPCIB. BDO will take over it....

[tidus1203]

If thats the case then BDO from a relatively small credit card issuer to now the biggest card issuer (by virtue of taking over EPCI Card Network)

[Altwegg]

The merger could be the reason why in the flyers BDO is sending me, they always include Equitable cards.

Anyway, Citibank's Cash Back card's annual fee is around P1,800. I am planning to be a transactor (pay all of the outstanding balance before the due date). Will they be able to waive my fees in the future?

[Kolmogorov]

I received 2 BPI ccs (one gold/mastercard, and 1 regular) without applying, though I have active accounts in BPI. SInce wala pa naman akong credit card, ginamit ko na lang (though I always pay cash and I only intend to use the card to book for flights). Ok lang ba talaga yun? Talaga bang banks pre-approve credit cards kahit walang application?

[tidus1203]

I also got credit cards from BPI and BDO without applying. The common denominator is I have accounts there....

[KuyaDanny]

Ok lang ba talaga yun? Talaga bang banks pre-approve credit cards kahit walang application?

Yes, and it gets worse as you grow older. I am offered a new card about four times a year now. I have to turn down all those offers as I do not need them.

[business_guy]

I received 2 BPI ccs (one gold/mastercard, and 1 regular) without applying, though I have active accounts in BPI. SInce wala pa naman akong credit card, ginamit ko na lang (though I always pay cash and I only intend to use the card to book for flights). Ok lang ba talaga yun? Talaga bang banks pre-approve credit cards kahit walang application?

You were issued gold credit card by BPI without application - that is possible, probably becasue you're considered to be "Preferred Client" of BPI, so the bank manager recommends card department to issue you credit card. Though you can cancel it immediately if you don't want credit card. Mabilis naman magpa waive ng annual fee sa BPI as long as don't lapse any due date payments and pay it in full. Since gold credit card ka pa, kahit mahal ang annual fee, you can waive it easily....

[business_guy]

Yes, and it gets worse as you grow older. I am offered a new card about four times a year now. I have to turn down all those offers as I do not need them.

That means good credit standing din kayo kuyadanny, kasi di man kayo nag aapply, dating ng dating ang mga credit cards, that means the credit card you are currently using recommends you to other credit card company....

[chucklechuckle]

i assist in credit card applications... i have hsbc visa and equitable amex...

pls pm me for questions or email me pesolending@yahoo.com

[kickers878129]

anyone knows the requirements of BDO credit card? any agents?

[x3_boxers20_x3]

hey guys im planning to apply for a new credit card, san po ba okei? based sa mga nabasa ko dito eh citibank at hsbc, tama po ba? alin sa dalawa pipiliin ko? by the way ano po mga requirements? may age limit ba hehehe saka bago pa lang ako sa work ko 1 month pa lang to be exact, pwede na po ba ako or di pa? thanks, i think im earning enough to apply for a credit card. thanks.

[markpaul]

I didnt apply for a credit card but our Bank gave us one. Philippine National Bank VISA. Although the credit card was only valid here in the Philippines. :D

[~shalala~]

i got my hsbc mastercard today... mga 3 weeks lang after i applied. i was hoping i'd get at least 12k credit limit, but i got a whooping 48k!!! haha... as if naman balak kong i-maximize yun :D. no way! i'm planning to use it strictly for household necessities only.

mas matagal yata magdeliver ng card ang citibank. i'm still waiting for my citibank visa card, though mas naunang na-approve yun kesa dun sa hsbc. hmmm... lesson: mas magaling ang courier ng hsbc :teehee:. haha, ok lang. yung citibank naman kasi, i intend to use it for leisure, special treats for myself, and the likes.

wais yata to... :D

[x3_boxers20_x3]

hey guys im planning to apply for a new credit card, san po ba okei? based sa mga nabasa ko dito eh citibank at hsbc, tama po ba? alin sa dalawa pipiliin ko? by the way chineck ko sa website mga requirements, parang di ata ako pwede hehe kasi atleast 21 years old daw eh, 20 pa *** ako ngayon, fresh grad, baka madecline lang application ko, saka bago pa lang ako sa work ko 3 months pa lang to be exact, pwede na po ba ako or di pa? thanks, i think im earning enough to apply for a credit card. thanks.

[tidus1203]

hey guys im planning to apply for a new credit card, san po ba okei? based sa mga nabasa ko dito eh citibank at hsbc, tama po ba? alin sa dalawa pipiliin ko? by the way chineck ko sa website mga requirements, parang di ata ako pwede hehe kasi atleast 21 years old daw eh, 20 pa *** ako ngayon, fresh grad, baka madecline lang application ko, saka bago pa lang ako sa work ko 3 months pa lang to be exact, pwede na po ba ako or di pa? thanks, i think im earning enough to apply for a credit card. thanks.

Hindi pa yan kasi strict talaga sila sa 21 years old principal account. And your employment history wont help either since bago ka pa lang. Your best chance is to have a sizeable account with the said bank and if you're lucky they might just give you a card without even applying.

[froshie1]

hey guys im planning to apply for a new credit card, san po ba okei? based sa mga nabasa ko dito eh citibank at hsbc, tama po ba? alin sa dalawa pipiliin ko? by the way chineck ko sa website mga requirements, parang di ata ako pwede hehe kasi atleast 21 years old daw eh, 20 pa *** ako ngayon, fresh grad, baka madecline lang application ko, saka bago pa lang ako sa work ko 3 months pa lang to be exact, pwede na po ba ako or di pa? thanks, i think im earning enough to apply for a credit card. thanks.

screw Citibank unless youyou want to consolidate all your house bills. get an HSBC card because in the long run they're more accomodating when it comes to making your annual fee free.

[DaNa8]

Does anyone here have a Citibank-Shell credit card? How does the 4% fuel rebate work?

[tidus1203]

Just use the card for refuelling in participating Shell stations tapos automatic yung rebates sa statement which will be credited automatically the next statement date.

[bankerII]

What if somebody wants to apply for a credit card BUT
- does not have an ITR ( income is subject to final tax,thats why)
- is not employed ( source of income: rent/properties/fruit farm)
..just curious how would CC agents would handle this situation.

;)

[x3_boxers20_x3]

screw Citibank unless youyou want to consolidate all your house bills. get an HSBC card because in the long run they're more accomodating when it comes to making your annual fee free.

hindi po ba strict sa hsbc? wala rin pala ako itr, pano kaya yun.

[tidus1203]

Yep strict na lahat ng banks sa ITR since its a BSP mandate and not them.

[bankerII]

You are right there. It's mandated by BSP. However, there are exceptions like :
1. MICROFINANCE LOANS
2. LOANS TO INDIVIDUALS WHO ARE NOT REQUIRED TO FILE ITRs UNDER BIR REGULATIONS
3. INTERBANK LOANS, etc.

[froshie1]

hindi po ba strict sa hsbc? wala rin pala ako itr, pano kaya yun.

magiging strict sila sa iyo pag wala kang credit history, savings account and pag nagsisimula ka pa lang magwork. iyong sa HSBC ko kasi 5 taon na akong nagtatrabaho nun, may savings kahit papaano at ok ang credit history ko.

[metropolitan]

banned daw ang mga call center employees for credit cards is this true? what do you think?

[tidus1203]

where did you hear that and why naman banned ang call center employees from getting a credit card?

[froshie1]

banned daw ang mga call center employees for credit cards is this true? what do you think?

am not sure about that pero baket naman nila gagawin iyon. maraming datung sa industry na iyan.

[metropolitan]

am not sure about that pero baket naman nila gagawin iyon. maraming datung sa industry na iyan.

merong nakapagkwento sa akin that call centers that have payroll accounts with then EPCIB gave cards to call center employees. the practice lasted for just a few years ago around 2002-2003 kasi di daw marunong magbayad kaya from then on ban na ang lahat ng call centers sa Equitable.

with citibank naman a former employee confirmed to me that they banned all applicants from a specific BPO/call center company due to bad debts.

i wish a current "insider" can confirm this. nakaka-intriga lang.

[tidus1203]

Well karamihan kasi ng call center employees (even though for starters mataas sweldo nila) gastador sila and feeling nila financially invincible sila.

[TravelBug]

am not sure about that pero baket naman nila gagawin iyon. maraming datung sa industry na iyan.

True, maraming pera pero hindi lahat nagbabayad sa tamang oras. May mga call centers nga na banned. The banks won't admit it but they will not approve any application as long as you are employed in that call center. Ang mga agents din ng call centers parang paru-paro na mahipan lang ng hangin lilipat na sa kabilang kumpanya. Imagine if you are the bank tapos hindi mo mahanap yung tao na may utang sa iyo?

Hindi lang sa credit cards mahirap mag-apply, pati sa loans dahil after a few months nawawala na yung mga nangutang.