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Credit cards are more than just plastic cards that you swipe when shopping. When used responsibly, a credit card can help you manage your finances. Get a better understanding of how credit cards in the Philippines work so that you know how to maximize its benefits. Read more here.

Are you looking for the best credit card and exploring your choices? When you enter the credit card market for the first time, the many choices can overwhelm you. From the wide array of credit cards out there, how will you pick the right card for you? Let us help you by reading our guide here.

Have you ever owned a credit card? If so, how did you know it’s the best credit card for you? Many Filipinos tend to choose a credit card with perks they like instead of considering its long-term benefits. Several swipes and unpaid bills later, they end up regretting their choice. With so many options in the market, it can be challenging to find the right credit card.  Read more here.

There are many types of credit cards in the Philippines, each with its own features and fees. Secured credit cards, for example, require collateral as compared to unsecured credit cards that represent a non-collateralized line of credit. Other types of credit cards include rewards credit cards, cashback credit cards, shopping cards, and travel credit cards.
Before submitting a credit card application, make sure to meet and submit the basic credit card requirements.
  • At least 21 years old
  • Regular employment status
  • Proof of identity
  • Proof of income
  • Accomplished credit card application form
Learn more about credit cards for beginners here.
Common credit card fees include annual fee, finance charge fee, late payment fee, over-the-limit fee, and cash advance fee. You can avoid certain credit card fees when you make full and timely payments. Read more about this here.
Many things could happen if you don't pay your credit card bill. First, you can easily get into credit card debt. When you skip a credit card payment, your unpaid balance will go over to the next billing cycle, which will then include a finance charge and late payment fee. You'll also lose your credit card perks and ruin your credit history.
Banks conduct credit evaluations to decide how much credit to give to each applicant. To accurately determine your creditworthiness, they consider a variety of factors such as your income, credit history, and debt-to-income ratio.
Just because you were denied for a credit card, doesn't mean you can't be approved the next time you apply. To raise the likelihood of getting an approval, wait at least three months to reapply (to avoid hurting your credit history) and make sure to compare and apply for the right card.