What if I told I had been researching online for all the Philippine credit cards and found out that there is this one local bank that offer you the lowest interest rate for service charge? Would you apply at once?
Or would you consider investigating more by reading blog reviews to get a tip or two with regards to quality of service and more promos and perks offered annually? Would you go for a stable bank you know where the investors or owners have a solid rock foundation in the local Philippine business community? Banks, credit cards, business investments, they're all related anyway, right?
Henry Sy perhaps is a good clue. This guy owns one of the biggest and most stable top corporations in the country and his business, (SM - Shoe Mart) actually had it's own bank - BDO - Banco de Oro. Would you go for this bank's credit card instead? Might be a good idea but let us first chop off some important factors to consider while looking to apply for the best credit card in the Philippines.
Factors are the most important consideration when we speak about
finance and money. A plastic card these days is the most common way to
think of paying for goods and things we buy therefore it is very
important to consider factors affecting use, application and acquisition
of any type of credit card in the Philippines that banks offer to
Below are some that might help you think about it the second time around.
If you think that it is easier to apply for a credit card directly to banks, think again. If you are having second thoughts, then you might as well make your own canvassing. You can walk in to any bank and make a list of possible prospects but while that will take you weeks to months to do, below is our take using a short review of the different plastic cards available in the market today that you can apply for. Please remember that this includes the most popular OFW credit card.
By clicking on the "Apply Now" link, you will be taken directly to the bank page and may apply instantly. But first, hear our blog review and see figures and make your own computation and comparison which credit card is best for you.
Basically, there are 2 types - mastercard and visa card given to qualified applicants of any bank with their Philippine credit cards so we will skip describing these two, instead, we go straight to what banks call their specific cards today.
9 Newest BDO Cards in 2015
Just like BDO, Citibank also offers at least 9 types of new credit card for Pinoys. Each have its own characteristic from interest rate, annual fee, review rating and balance transfer options as well as charges and fees to pay.
9 Newest Citibank Cards in 2015