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
BDO Credit Card
Banco De Oro is one of the fastest growing banks in the Philippines offering a range of products and services for Filipinos when it comes to managing their personal and business finances. Credit cards are just among its products, and they are available in different types with different features to match your lifestyle and your finances. Currently, BDO issues credit cards under MasterCard, Visa, American Express, and JCB.
The BDO credit card is specifically tailored for individuals making payments for their household bills, personal needs, and their family’s expenses. There are also credit cards with rewards programs tailored for individuals using their BDO credit card for specific purposes such as paying for groceries, airline tickets, or fuel. Banco De Oro is affiliated with SM Department Stores and its other affiliate retailers, so the BDO credit card offers perks each time you use it to pay for items or services made in SM malls or supermarkets. These perks include freebies and discounts, and even a free SM Advantage Card if you own the BDO Shop More MasterCard.
BDO also offers internet banking. You can access your personal page in the bank’s official website if you want to check your balance or would like to know how much rewards points you have already earned. You don’t have to wait for your next billing statement to arrive in your mail. If you need any help regarding your credit card, the customer service team is polite, friendly, and very helpful when assisting their clients. You can call any time for customer support regarding your credit card.
Choose your BDO credit card according to your lifestyle and needs. The most basic BDO credit card is the BDO MasterCard Home, which is useful when paying for basic needs for the home such as utilities and groceries. If you like to shop in SM Malls, consider getting a BDO Shop More MasterCard. There is also a so-called “Virtual Card,” which is useful if you are more likely to shop online. Basically, it is a companion card for your BDO Classic, Titanium, Gold, or Platinum Mastercard.
Featured Credit Cards:
- Highest credit limit
- Peso Payment convenience (gives cardholders the option to purchase in any currency abroad and then pay in pesos when they get back home)
- Revolving Facility (allows cardholders to pay the minimum of 5% of their total outstanding balance or P500, whichever is higher.
- Get Cash Advance of up to 50% of your credit Limit or Php250000
- Annual fee of Php3,600
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.