Credit Card Fees — Credit Cards Philippines
If you have to get a credit card in the Philippines, and
- you cannot pay the total amount due each month
- you can only pay the minimum due
- and you may have to be late some of the time,
then do not get credit cards that have high late-penalty fees and that are strict on payment dates.
NOT RECOMMENDED:
HSBC — charges 600 pesos for every month that you are late even by just an hour or a day.
If you call them and explain your situation, your 600 may be reversed only once in every 6 months, and that depends on your reasoning and the mood of the bank representative at the time you are calling.
Next month, I’ll be receiving some money (Thank you, Lord!), and this HSBC card will be the first I will pay off fully and say goodbye to forever. Good riddance! Wow, how nice it would be to cut my HSBC card!
I was late in paying after the Ondoy floods, but the HSBC never heard my explanation. No soul! Only business for them.
STANDARD CHARTERED — also charges 600 pesos for every late payment… even by just an hour. Remember, the date changes at midnight? Or maybe the cutoff hour is every 6 am? So, after midnight or after 6 am, and your payment is not there, the 600 pesos is charged, presto!
How do I know? I have both of them.
HIGHLY RECOMMENDED
Fortunately, there are credit cards in the Philippines that have retained some bits of kindness,
and I’m glad that the local banks (although they have foreign shareholders) are the leaders.
Aside from forgiving late payments, they also charge lower fees.
BPI EXPRESS CREDIT has been very kind to me in terms of late payments. As long as my payment-due doesn’t remain unpaid until the next statement date, I don’t get charge a late-penalty fee.
Kahit ma-late ako ng 5 days or 10 days! But, of course, I don’t abuse it. I oftentimes pay very early too. An I’ve been using this BPI credit card since March 2000.
And when a late-penalty is deserved — because the next statement date has passed and my due remained unpaid — eto yong times na may mga unexpected major expenses –
the penalty fee was only 6% of the total amount due.
One time I was late in paying 1,715.40 by 13 days (almost 2 weeks!).
And you know what? My late payment was only 102.93! Compare that to HSBC and Standard Chartered which charge cardholders 600 pesos for being late for only an hour or a day!
EASTWEST is also kind. It forgives a few days of delinquency. And the charge is only 200 pesos — when the next statement date has already passed.
BDO SHOP MORE charges 300 pesos or 5% of amount due, whichever is higher.
METROBANK charges 600 pesos or 7.5% of amount due, whichever is higher. This is one local bank that charges high, although this bank offers an annual-fee-free card and a low-interest Cash2Go loan.
Update as of March 2011: Metrobank M Free Mastercard now charges 700 pesos for late payments.
BPI EXPRESS CREDIT charges 6% of the amount due for the month — no fixed fee, no whichever.
This rule considers the poorer ones like me — 6 percent of 1,000 is only 60 pesos, but when a rich credit card holder is late, the 6-percent fee for 100,000 is 6,000 pesos. But, oh well, I’m not a gold cardholder; the late-penalty rules for gold credit cards could be different.
When charged a late penalty fee, call the bank. Give a valid reason. Oftentimes, they forgive, as long as you are not late often.
Related Articles:
Free from Credit Cards, At Last!
BPI, BDO, or Metrobank Fees — Why Keep Paying Them?
Jobs: Writers and Writing Jobs — Philippines — 04
This writing job is already inactive.
You can go instead to this blogpost, if you’re interested in making some money on the Internet:
My Personal Version of Making Money Online
————————————-
Jobs: Document Analysts
Ad Source: January 24, 2010 issue of the Manila Bulletin
Company: Athena e-Services Corp.
30F IBM Plaza Bldg., Eastwood City
Cyberpark E. Rodriguez Jr. Ave.
Libis, Quezon City 1110
You need to be:
- college graduate, any course
- computer literate with a typing speed of at least 35 wpm
- excellent in written and spoken English
- preferably experienced in abstracting and indexing
Athena e-Services is a BPO specializing in medical
services, legal services, contract management services,
content creation and pre-press services.
Send or bring your resume to the address above,
or email your resume to jobs@athenaeservices.com
You can also check this writing job.
Jobs: Freelance Writing Jobs — Philippines — 03
This writing job ad is already inactive.
You can go instead to the article below, if you’re interested in earning some money online:
My Personal Version of Making Money Online
———————————-
Just want to share a writing job:
Jobs: Freelance writers
posted January 26, 2010 on jobsdb.com
You will:
- work for a company, but work at home
- write business, technical and creative articles
- accomplish other writing projects
Jobs: Writing Jobs — Philippines — 02
As of April 2011, this writing job ad is already inactive.
You can go instead to the blogpost below, if you’re interested in making some money on the Internet:
My Personal Version of Making Money Online
—————————————–
Jobs: Editors
Ad Source: Manila Bulletin, January 24, 2010
Company: St. Bernadette Publishing House Corporation
1373 E. Rodriguez Sr. Ave. Kristong Hari, Quezon City
Tel.No. 725-3792, 726-3662, 410-0700
You can apply if you are a:
- Graduate of Journalism or Communication Arts
- Good in Math and Science
- Preferably single, 25-32 years old
- Proficient in written and oral English and Filipino
You are requested to call for the exam schedule.
You can also check this writing job.
OFW Jobs and Children: A Suicide Stirs a Neighborhood
OFW jobs feed families, send children to school, build houses, help relatives, improve lives; but sometimes, they kill children emotionally and literally.
This morning, our neighborhood was stirred up by the sudden piercing cries and screams of a 10-year-old girl inside a long vacant unit beside her family’s house. “Kuya! kuya! kuya!…”
Neighbors ran to see what happened, and they were shocked to see her 13-year-old brother hanging from a rope tied to one of the exposed beams.
Jobs: Writers, Writing Jobs in the Philippines
This writing job is already inactive.
You can go instead to this article, if you’re interested in earning some money from the
Internet:
My Personal Version of Making Money Online
————————————-
Jobs: Abstract Writers and Indexers
Ad Source: Manila Bulletin, January 24, 2010
Company: Information processing firm in Quezon City
You will:
- index business news and articles about the chemical industry
- edit and write information abstracts
- identify concepts for indexing
- support other database creation tasks
You need to have:
- degree in mass communications, journalism, chemistry, library science or other science courses
- proficiency in English writing and editing
- high level of reading comprehension and analytical skills
Email your comprehensive resume to:
hrd@datagatewayph.com
You can also check this writing job.
Cerge Remonde — The Prayer
He was 51. He died at 11:51 am on January 19 and he wrote his LAST PRAYER at 6:51 pm the night before, exactly 17 hours before he passed away.
I don’t know Press Secretary Cerge Remonde personally. But I liked how he was generally cool when responding to questions during press conferences, although I don’t agree with some of his views. I liked how he smiled and how he treated his staff.
And I’m touched by his LAST PRAYER — written on his Facebook page 17 hours before he died:
Lord, thank you for your infinite love
that meets our every need
and provides all the beautiful
and wonderful things we experience in life.
Release our hearts and minds from fear and worry.
Fill us with your peace
as we learn to fully trust in your providence.
Help us to do all that we are capable of
and the rest we entrust unto you.
Amen.
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