Over Credit Limit Fee — BPI Classic and Metrobank MFree Credit Cards
Anong mas gusto ninyo kapag may situation na nagbabayad ka using your credit card pero over credit limit ka na pala?
Credit Card Finance Charge — One Simple Way to Lower It
If you’re paying your total amount due in full every month, then you have no problem with finance charges. Your finance charge will be ZERO.
Philippine Banks, Please Help Parents, Cut Rates for Tuition Fee Loans
To Philippine banks issuing credit cards:
Please lower your interest rates for loans used to pay for college tuition fees.
Secured BPI Credit Cards for OFWs
Many OFWs are interested in getting credit cards, as shown in the number of inquiries we get on this blog.
BPI Credit Card Payment for College Tuition Fees
You can use the Special Installment Plan (SIP) line of your BPI Express Credit Card to pay your children’s college tuition fees.
Low Interest Personal Loans in the Philippines
There are low interest personal loans in the Philippines. I decided to write something
Credit Cards in the Philippines — Unfair Collection Practices
According to the BSP Circular No. 702 released on December 15, 2010, banks and other issuers of credit cards in the Philippines are now required to notify you in writing of their decision to endorse the collection of your credit card account to a collection agency or agent at least seven days before actually endorsing your account.
No Annual Fee Credit Card in the Philippines — Metrobank M
This is the only credit card in the Philippines which has no annual fee for life.
Except of course those premium cards for the very wealthy, and those cards whose owners accumulate enough points to get annual-fee waivers.
I’ve related in my other posts that I finally became free from the bondage of credit cards last February 15. I had eight credit cards, and after paying off all the balances, I canceled all of them, except my local BPI Classic.
But because I need a credit card for my Internet payments, I had to choose one credit card good for international purchases. I like BDO Shop More, but if I have to cut costs, I should retain one with no maintenance fee.
So I finally chose the M Free Mastercard of Metrobank. After canceling my old Metrobank card, I requested for the no-annual-fee card, and it was given to me.
More than a year ago, I applied for this no-annual-fee Metrobank card, but I was told I need to first use an annual-fee Metrobank card for at least a year before I can qualify for the free annual-fee credit card.
If you need to maintain just one card, consider this no-annual fee credit card.
Free from Credit Cards, At Last!
Last Monday, February 15, I became free from the bondage of credit cards. And I pray I’ll never become a slave again.
Amid the pain of selling something meaningful to us, my husband and I sold the lot we bought in the 1990s just so I can be free. Over the past few years I became a slave to lenders, as I accumulated more than 200,000 pesos in credit card debts.
Even with a higher-than-average salary, I couldn’t make a dent on the principal balances even if all my payroll money goes to paying the monthly card bills. I had to work overtime everyday, even on Sundays. I couldn’t even visit my aging parents in the province because there’s nothing to set aside for fares.
There’d been a lot of pain… and other awful things too embarrassing to describe here. It’s enough that now I’m free.
(by bluesemotion, photobucket)
And I thank God that amid my many grave financial mistakes, there’s one good investment that I did when I was younger — that is to buy a lot in a good location and pay the amortization faithfully through the years no matter how hard. And now, it was the one that saved me.
Credit cards are not evil per se. They can help. They have helped me when people I love had to be hospitalized and when tuition needed to be paid.
BUT credit cards are like knives — they can kill if not handled carefully.
There are many important things I have to tell my children. But there’s one thing they don’t have to hear about — the consequences of credit card use. They’ve seen how I suffered and almost got drowned in torment.
Credit cards in the Philippines
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