News And Articles
- HSBC Credit Card Wed, 08 Sep 2010
- BDO Credit Card Wed, 08 Sep 2010
- BPI Credit Card Wed, 08 Sep 2010
- RCBC National Strength Wed, 08 Sep 2010
- CITIBANK in the Philippines Wed, 08 Sep 2010
- How to Transfer Credit Card Balance to another Card Sun, 22 May 2011
- How to Apply for a Credit Card Thu, 19 May 2011
- How Credit Limit Is Determined Wed, 18 May 2011
- Fastest Credit Card Approval Tue, 17 May 2011
- Easy Credit Card Application Mon, 16 May 2011
Banco De Oro
Banco De Oro
Banco De Oro Unibank, Inc. (BDO) has proven its strength over the years as one of the leading banks in the Philippines. It is owned by Henry Sy, the SM mall magnate in the country. BDO is stable and convenient. It has numerous branches across the country—Luzon, Visayas and Mindanao.
BDO provides their clients convenience because there are a lot of branches nationwide. Banking hours are longer compared to most banks in the country. Their branches are found in malls or other commercial areas so it’s easy to do your banking business anywhere and anytime. They also offer internet banking so you can check your bank details or payments on line through their official website. Furthermore, BDO accepts MasterCard, Visa, and JCB cards.
They have a wide array of credit cards such as BDO MasterCard, Black MasterCard, Gold MasterCard, Titanium MasterCard, Platinum Mastercard, Shopmore and Virtual Card.
BDO MasterCard fits your lifestyle because of the low interest rate of 3 percent, 50 percent cash advance limit, EasyPAY installment programs and other perks. The Black MasterCard, on the other hand, allows you to earn 1 rewards point for every P50 charge your credit card earns. The accumulated points are redeemable. You can choose from gift certificates, travel packages, gadgets, etc. Another perk is you may use your points to waive your monthly or annual membership fees. The Gold MasterCard allows you to spend at least P180,000 a year. The annual membership fee is automatically waived. There are five supplementary cards for Gold MasterCard holders. The first supplementary card is free while the others are free for the first year. BDO Titanium MasterCard is suitable for jetsetters because of its flexible spending capacity. Whether it’s for business or vacation travel, it provides you the convenience that you need. It has dual currency feature, flexible credit limit, dual billing, minimum payment options, installment plans, balance transfer, cash advance and most importantly, it is accepted worldwide.
BDO Mastercard Shop More is great for shoppers because it also provides credit card users free SM Advantage Card. You can earn rewards points at SM malls when you use your credit card. There are a wide variety of SM products you can redeem from the points you earned. Moreover, BDO Virtual Card has all year round exclusive perks that is open to all BDO Gold credit cardholders. The minimum transaction amount is P 3,000.
Also, they have the BDO Rewards card (Emerald, Ruby, Sapphire and Diamond) apart from the SM Advantage. The higher points you earn, the higher level of card you’ll be given. Emerald is given to those who got 1,999 points and below. Ruby is for card holders with 2,000 to 3,999 points. Sapphire is for those with 4,000 to 5,999 points. Diamond is for card holders 6,000 points and above. You can earn the points at any SM establishments or affiliates such as SM Department Stores, Kultura, Watsons, Ace Hardware, Ace Builders, Makro, Savemore, and Hypermarket. If you purchase items from Adidas, Our Home, Toy Kingdom, Factory Store outlet, Triumph, Levis and other affiliates stores, you’ll also earn points. Even Petron, Taal Vista Hotel and Asia Pacific College are included. You can get restaurant discounts, invitation to pre-selling real estates, hotel discounts and other perks from earning points.
BDO has a variety of credit cards for each and every individuals—depending on their lifestyles. There are a lot of options for everyone to choose from.
Featured Credit Cards:
- No annual charge for the first year upon enrollment.
- PSBank Mastercard has only 3.5%monthly finance charge.
- Get a chance to watch a movie blockbuster for free and a health insurance on your first use.
Should you let your kid have his own credit card?
Fact: there is already an increase of teens and college students who have their own credit cards. Credit card companies now aim on the two groups since they are the ones who spend more money than adults.
Educate your child on how to manage spending with a credit card. Parents an even use instances in the present state of affairs as an example to discuss to kids the pros and cons of credit cards.
Smaller credit limits are usual with these types of cards and while it may be easy to apply for one, credit card companies charge large interest rates and fees to the teenage credit card holders.
People who are below 18 are not legitimate in obtaining credit cards without the consent of their parents. Unfortunately, some kids fill out forms and receive credit cards without the knowledge of their parents. To avoid this, talk to them and help them realize the importance of beginning a solid credit history with their first card. Emphasize that it is of utmost importance to their future.
As a parent, start by reading the guidelines with your child. Make sure you call to attention all the terms written on the fine print. Avoid coming to the rescue if the bills get way out of control. This will teach him to be responsible in handling his money. A credit card spent by a teenager and paid by his parents initiates bad credit habits
Let the child bear in mind that his credit card sho uld be used in emergencies only. Monitor ALL his spending activities. Some credit cards even allow the parents to create their own credit limit for the supplementary cards. This is very logical especially if you are too busy with your career.
Parents can help their kids spend sensibly with the correct use of credit cards. At this early stage, it is better to prepare them in the reality of life by teaching them not to abuse its benefits.