Credit Card 101

• Peorth on 19 Jun 18 @ 01:07 AM #

  meron poba hindi pa napaplitan ng bpi emv atm yung old card nyo? diba hangang june nalang ang replacement?

  
  
  According to my RM at BPI, they have a staggered replacement schedule so it's possible that some people don't have a replacement EMV-enabled ATM card yet. Also, according to her their previous communications regarding deadlines were unclear. In fact I don't think there's any real "deadline" regardless what bank it is, despite what they say, because no bank can refuse to replace your old ATM card even if it's past whatever deadline they set. The main reason you have to get the EMV-enabled ATM (aside from better security) is at some date the old magnetic stripe-based ATM will no longer work. For example, for Landbank I think it's around November.
  
  -- edited by Peorth on Jun 19 2018, 01:08 AM

• ciellisd on 19 Jun 18 @ 06:52 AM #

  hindi pa siya nadala? haha
  
  kung Metrobank/HSBC/BPI/Citi/BDO dati niyang card, wag na siyang umasang makakakuha ulit siya sa isa sa limang yan
  
  kasi nagse-share ng records mga yan sa isa't isa

  
  
  hahaha. ewan ko ba dun. ex nya kasi gumamit kaya ayaw bayaran hahaha. what if kung mag apply sya ibang bank outside sa 5 power banks na yan like EW or AUB kaya? hahaha

• utot on 19 Jun 18 @ 07:01 AM #

  ^
  sira na ang credit reputation nya. bayaran na lang nya yung utang nya para maibalik yung trust ng banks. hehehe

• Kid14 on 19 Jun 18 @ 08:28 AM #

  Also, according to her their previous communications regarding deadlines were unclear. In fact I don't think there's any real "deadline"

  
  May deadline naman ang BSP June 2018, to be compliant means na dapat by June available na for all their client yung emv, it does not necessarily mean that lahat ng client mo ay naka emv na kasi nga dapat personal mo sya kunin sa branch. May penalty kapag di nakacomply,

• Peorth on 19 Jun 18 @ 08:43 AM #

  ^ What I'm referring to by "real deadline" is the deadline for getting the card from the bank, not the bank providing the EMV card to their clients. For example, our department secretary notified me that June is supposedly the deadline for getting the Landbank EMV card, which I haven't gotten because it's a pain to go to the issuing branch. Does it mean that if I go there in July the bank will no longer give the EMV card to me? That is of course, nonsense.

• Kid14 on 19 Jun 18 @ 08:53 AM #

  ^
  Like I said, deadline set by BSP for the availability ay june 2018, meaning pag pumunta ka sa branch ng July 1, kailangan may ibigay na sayo na EMV
  
  For the "real deadline" na sinasabi to get the card from the bank, wala naman talagang deadline, kahit after n years mo kunin pwede naman, Ang problema mo lang syempre, dahil di ka nagupgrade sa EMV di ka na makakawithdraw sa ATM

• sem_rs on 19 Jun 18 @ 09:19 AM #

  yan problema ng bpi kun tinanong mo kung meron na, tanong din ang isasagot "tinex ka naba". naka 2-3 balik nako sa branch nila puro tanong ang sagot, sayang oras.
  
  automatic ba na july 1, reject na ng mavhine ang lumang card?
  
  -- edited by sem_rs on Jun 19 2018, 09:30 AM

• Peorth on 19 Jun 18 @ 10:00 PM #

  automatic ba na july 1, reject na ng mavhine ang lumang card?

  
  
  Depende sa bank ang cutoff na hindi na tatanggapin yung non-EMV ATM card. Tulad ng sinasabi ko earlier, ang Landbank November ata based sa natatandaan ko sa message na nasa ATMs nila. Sa ibang bank iba rin siguro ang date.

• buboy_501 on 20 Jun 18 @ 12:54 PM #

  ^ sa security bank complete cash back mastercard, ayaw talaga patinag, strickto sa annual fee

  
  
  kasi meron na sila binibigay na rebates kaya ayaw na nila pag waive ng annual fee. sa Aug mag isang taon na rin ang security bank complete cash back mastercard ko. expected ko na ring di sila papayag na e waive ang annual fee hehehe ready na rin naman yung gunting ko dito para gupitin yung card lol^^

• gen0 on 20 Jun 18 @ 02:02 PM #

  Depende sa bank ang cutoff na hindi na tatanggapin yung non-EMV ATM card. Tulad ng sinasabi ko earlier, ang Landbank November ata based sa natatandaan ko sa message na nasa ATMs nila. Sa ibang bank iba rin siguro ang date.

  
  as per Landbank guy na napunta to check their ATM here sa office, come July 1, 2018 di na daw babasahin yung non EMV ATMs sa LB machines, forgot to ask if irereject din nila yung non-Landbank cards

• Peorth on 20 Jun 18 @ 02:25 PM #

  ^Yun siguro reason kung bakit June daw deadline ng pagkuha ng EMV-enabled ATM cards sa Landbank. Plan ko kasi kunin yung new ATM card sa July pa dahil masyado ako busy. Di ko naman ginagalaw yung pera na pumapasok sa Landbank ATM ko kaya ok lang.
  
  -- edited by Peorth on Jun 20 2018, 02:26 PM

• roceanoz on 20 Jun 18 @ 04:00 PM #

  come July 1, 2018 di na daw babasahin yung non EMV ATMs sa LB machines

  
  I confirmed this with a Landbank rep. Although she said that they will still leave one machine that can handle non emv cards. It is a LB branch that has two machines and sometimes add a mobile atm kapag madami tao. Kapag siguro stand alone atm baka emv machine lang pwede.

• cheschanco on 20 Jun 18 @ 10:27 PM #

  May toll free ba ang security bank? Wala kasi sa website nila eh

• scandinavian_armor on 21 Jun 18 @ 11:41 AM #

  sa security bank complete cash back mastercard, ayaw talaga patinag, strickto sa annual fee

  
  ang sabi sakin nun, since cashback daw hindi daw sila nagwe-waive ng annualfee since mag rebate naman daw. kung ibang card daw nila pwede ipawaive pero yung cashback daw hindi. kaya ayun sinettle ko yung remaining balance ko(except yung annualfee) saka ko pinacut. matik daw hindi na babayaran annualfee pag pinacut.

• lxi97 on 21 Jun 18 @ 11:55 AM #

  lipat ka sa hsbc cashback. may ongoing promo sila na free annual fee for life.

• Valorian on 21 Jun 18 @ 01:39 PM #

  parang madali naman makakuha ng > 3k cash back credits sa SB lalo't maganda cash back rates nila
  
  sa groceries pa lang..sabihin na nating 2k/month ang groceries mo, may 100/month ka na nun, 1.2k sa isang taon..
  
  kung eto gagamitin mong main card, sulit na sulit na rin yung 3k na AF..dont get me wrong, mas maganda kung mawe waive yung AF, pero kung gamit na gamit mo yung SB cashback, hindi ka na rin lugi

• requiem_inferni on 21 Jun 18 @ 01:45 PM #

  ^kung tutuusin yup sulit pa din SB cashback kung ma-abot mo max 12k na rebates per year. di na masama. pero parang masakit talaga sa puso magbayad ng AF!haha...bigla ko lang naisip, kung nagpa-cut ka ng cc, til when pwede ka ulit makakuha ng same card? forever ka na bang ban sa database nila for that card, or may prescription period until pwede ka na ulit maka-apply?

• scandinavian_armor on 21 Jun 18 @ 02:49 PM #

  agree. kung mamamax mo yung 2k/month sulit or hindi nakakapanghinayang na magbayad ng 3k na annuallfee. kaso sa case ko kasi hindi gaano nagagamit si cashback kaya pinaputol ko na.

• lxi97 on 21 Jun 18 @ 03:22 PM #

  Para na akong sirang plaka pero there is really no justifying paying annual fee even for a cashback card. Hsbc cash back is free for life and pays back 5% on dining charges and 0.5% an all other purchases. Kung sabihin mong nakaka 2k per month ka sa grocery, e di mas lalo na sa pagkain kain sa labas. Baka isang kainan ng pamilya lang yang 2k na yan. May card din na nagbibigay ng cashback for utilities and gas na wala din annual fee. So pwede ka gumamit ng magkaibang cards to maximize rebates without paying for annual fees.

• requiem_inferni on 21 Jun 18 @ 03:34 PM #

  ^rebates on dining sa hsbc is different sa rebates sa groceries ni SB cashback, on a normal household, mas malaki gastos sa groceries kesa sa pagkain sa labas. kaya ang argument is kung ma-max mo 1k rebate per month (12k in a year) and nagbayad ka ng 3k AF, net 9k rebates for a year. compute mo kung pano mo makukuha yan sa HSBC cashback na FAFFL.

• lxi97 on 21 Jun 18 @ 03:44 PM #

  Most credit cards give rewards, some in the form of free food that is also equivalent to 5%. Free pa annual fee. For example, bpi gives free pizza for every 3,000 purchase.
  
  Yung point is, you could get roughly the same rewards from other cards without paying annual fees.

• requiem_inferni on 21 Jun 18 @ 04:02 PM #

  ^i know as much as possible wag nga magbayad ng AF, the point above is based on the scenario na ma-maximize mo yung cash rebate. the cash rebate on SB cashback eh kahit magkano lang bilhin mo eh may rebate pa din, no need to swipe 3k worth of something.

• Valorian on 21 Jun 18 @ 04:57 PM #

  Yung point is, you could get roughly the same rewards from other cards without paying annual fees.

  
  
  I humbly disagree..since promos are seasonal and not year round
  
  yes it is bad na may AF but with regards to cost vs benefit ng SB cashback, the benefits (rebates) outweigh the cost (AF), lalo kung ma-achieve mo yung 1k/month rebates..sa panahon naman ngayon, kaya yun lalo kung may pamilya ka at hindi solo lang..
  
  anyway, nasa sa iyo naman yan kung hindi talaga sulit sayo na kailangan mo pang magbayad ng AF kahit mas malaki yung nakukuha mong kapalit kaysa dun sa AF

• beansent on 21 Jun 18 @ 05:52 PM #

  Pasintabi lang po pero it is somewhat stupid if you are going to pay annual fee kahit pa anong rewards or promos ang ibigay ng banks, for the past 10 years hindi pa ko nagbayad ever sa 3 card dahil kumikita na sila everytime ginagamit ko ang card tapos sisingilin pa ko ng AF.
  
  P. S. Andali ko lang naaprove ng hsbc nagtry lang ako online free for life daw e mga 3 days lang approved na daw tumingin lang siguro sa credit history ko. Pati wife ko na wala naman work pero may magandang credit history sa 2 cards nya naaprove e. It really pays to have a good credit history kaya yan ang iingatan nyo

• lxi97 on 21 Jun 18 @ 06:16 PM #

  I humbly disagree..since promos are seasonal and not year round
  
  yes it is bad na may AF but with regards to cost vs benefit ng SB cashback, the benefits (rebates) outweigh the cost (AF), lalo kung ma-achieve mo yung 1k/month rebates..sa panahon naman ngayon, kaya yun lalo kung may pamilya ka at hindi solo lang..

  
  Yes, true, seasonal yung promos but lagi naman meron. Kung hindi sa isang card, sa iba naman. May cards din na permanent ang rewards at hindi seasonal. I can think of several other cards that can match SB's rewards but without the annual fees. 5% rebates on dining, gas, bills, medicine, etc. Ang difference lang ng SB sa ibang cards is that walang annual fees sa ibang cards while sa SB magbabayad ka pa ng 3k.
  
  You will need to spend 20k on your card to get a 1k cash back. Kayang kaya naman talaga makuha yung 1k reward per month maski hindi SB gamit mo. Madaming ibang cards na may rewards din na walang annual fee.

• johnToT on 22 Jun 18 @ 08:06 AM #

  Mga sir hingi lang ng opinion, lahat kasi ng transaction namin is tru CASH / DEBIT :
  - Grocery
  - Gasoline (Mostly sa Shell kami nagpapakarga)
  - Gatas ni baby
  - Concert Ticket ni Mrs.
  - Dine out
  
  In regular basis yan expending na yan (except for tix and dine-out) so since regular expending yan mas makakasulit ba ko if mag apply ako ng credit card then icredit card ko na lang instead of cash. Para ma-kakuha ng rewards or rebate and how about interest? indi ba ko talo nun?
  
  Mas makakamura or makakasulit ba ko instead mag cash?
  
  Eversince kasi hindi ako nag avail ng CC ung concept ko kasi nung binata ako is baka mademonyo ko sa CC and if may gusto ko bilin pagiipunan ko. Now im 33yo na ko and family man na i think its time to consider CC, since pass na ko sa mga latest gadget etc.
  
  Salamat!

• marky2115 on 22 Jun 18 @ 09:16 AM #

  Ako kaya ako nagapply for credit card last month was para sana sa foreign trip ko. Kaso di umabot. Hehe. Last week ko lang kasi nakuha. Anyways, good credit history talaga habol ko para madali magloan kung may emergency or high priority expense ako. Sanay naman ako na puro cash kahit may supplementary card ako from parents (never ko ginamit for almost a decade). Nadisiplina ko sarili ko pagdating sa pera.
  
  Gagamitin ko card ko mostly sa car fuel, utility bills and konting shopping.

• requiem_inferni on 22 Jun 18 @ 09:24 AM #

  anong card yung tinutukoy mong makaka-accumulate din ng 1k reward? cash back or direct peso rebates ha hindi rewards in kind like meals, cakes, etc. Applyan ko din yang isa-suggest mo kung meron. sa ngayon kasi citi cashback gamit ko, need pa ng 10k non-grocery items para mag-kick in yung 6% rebates.
  

  You will need to spend 20k on your card to get a 1k cash back. Kayang kaya naman talaga makuha yung 1k reward per month maski hindi SB gamit mo. Madaming ibang cards na may rewards din na walang annual fee.

  
  
  -- edited by requiem_inferni on Jun 22 2018, 09:25 AM

• boyscout on 22 Jun 18 @ 09:32 AM #

  P. S. Andali ko lang naaprove ng hsbc nagtry lang ako online free for life daw e mga 3 days lang approved na daw tumingin lang siguro sa credit history ko. Pati wife ko na wala naman work pero may magandang credit history sa 2 cards nya naaprove e. It really pays to have a good credit history kaya yan ang iingatan nyo

  
  
  true. credit histroy is everything. kahit car loan at housing loan kasama sa titignan ang credit card history para maapprove ka. my parents taught me that early on, get a credit card and pile up good credit history para sa time na mag car loan or housing loan walang problema. tama naman.

• aRTie on 22 Jun 18 @ 10:39 AM #

  @johnTot
  
  

  mas makakasulit ba ko if mag apply ako ng credit card then icredit card ko na lang

  
  Basta you keep the discipline sa pag spend, and always pay on time, mas makakasulit ka sa CC
  
  Wala ka namang makukuhang discount sa usual expenditures mo pag cash
  
  Sa CC, you can get rewards and minsan may mga promo na applicable lang sa CC
  
  If may binabayaran ka pang utilities, pwede mong i-apply na auto charge, so credit card payment due na lang ang kailangan mong bantayan
  
  -- edited by aRTie on Jun 22 2018, 10:41 AM