BPI - Thread 3

[brattinella]

previous thread:
http://www.femalenetwork.com/girltalk/index.php/topic,237524.0.html

[hot_chili]

join ulit... recently opened an atm account and inuubos ko pa rin till now yung mga freebies sa mang inasal 

[babythug28]

joining din...so far yung 2 purchases ko may 87 points na..still thinking kung i-eenroll ko ba sa meralco yung auto-credit option sayang din kasi sa rewards hehe

[imnuttz]

very convenient their online banking

[babythug28]

mga sis, pag nakalagay na total amount due may kinalaman ba yung negative (-) sign dun? hehe tapos yung minimum amount due naman is 0. so ibig sabihin wala akong babayaran? nagreflect na kasi yung paymen t ko sa deal grocer, although after pa ng statement date. hindi ko tuloy alam kung magkakaron ba ko ng finance charges nito sa susunod na billing.

[khaytie]

hi mga sis ask ko lang kung anung mga requirements para makapag open ng account sa BPI? sa bdo kasi need pa ng landline number but wala kame eh. kaya hindi ako nakapag open.. sa BPI ba pwede rin mag apply ng credit card kahit walang pay slip.. online kasi work ko eh.. i hope you can help me guys! thanks

[hot_chili]

^nung kami ni hubby nagopen ng joint savings account (atm) 1 valid Id lang then proof of billing, wala din kami landline, maintaining balance is 1k i think

Regarding credit card naman they offered us the one na you have to deposit 13k - then 10k is i-time deposit nila and that 10k will also be your credit limit. If you want a higher credit limit then taasan mo yung idedepoit mo. Now you can withdraw that 10k anytime pero 1month notice dapat and you have to surrender your credit card. so parang collateral yung idedeposit mo na pera for your card - this one you dont have to submit any ITR, payslip etc. basta savings account lang

[bAbypRinCeSs14]

pa join..

sis babythug28, pag naka negative (-) it means overpayment. it means wala ka talaga babayaran. hindi ka po magkaka finance charge since wala ka naman amount due for your due date

[dyann***]

^^secured credit card ang tawag dun sis... parang type ko rin kumuha nun, anong hiningi na requirements sayo?

Question pala, may charge/fee ba pag nagbayad ng bills through BPI ExpressOnline?

[freelancer_babe]

^ nope. no charge 

[hot_chili]

^^ tama secured credit card nga, requirements lang is ID and proof of billing. Parang mas bet ko nga din ito at least masasabi mo na hindi utang di ba  and the teller said na since nakatime deposit nga yung money mo it will also earn interest

[chacha.12]

^parang okay nga to sis. I just opened a savings account. gusto ko rin sana apply for credit card pero not anytime soon. pero mag iinquire na rin ako about secured credit card. naconfuse ako parang debit card sya.

[freelancer_babe]

^ eto yung difference:

credit card
 - yung credit limit and spending limit mo
 - "pay later" concept
 - bank lends you money to pay for purchases
 - basically borrowed/loaned money from the bank
 - billed ka sa purchases mo each month
 - can be used for installments
 - even if you pay the due in full or in partial, it takes usually one business day before you can get all o part of the credit limit "back" for spending

debit card
 - yung perang nakaload sa account ang spending limit mo
 - "pay now" concept
 - bank deducts money from your card to pay for purchases
 - basically saved money that may or may not earn interest; it's almost carrying cash but it just comes in the form of a card (money in a card)
 - no billing
 - cannot be used for installments
 - you can immediately use money loaded for spending right away
 - most, if not all, ATM cards here in the Philippines act as debit cards at the same time




regular credit card
 - need mong magsubmit ng income documents to prove yung capability mong magbayad
 - tumataas ang credit limit regularly, kung napatunayan mong maganda kang creditor
 - credit limits given to cardholders are generally good to generous
 - usually mas matataas ang naaabot ng credit limit
 - has more perks
 - mid to high income earners and those maintaining a good amount of money in bank accounts for sometime are the ones that are most likely to get approved for this card.
 - secured credit card with good credit history (that is, paid due amount in full and on time) can also get easily approved for this
 - if you default on this (not pay the bill for a long time), then eventually the account is turned over sa collection agency which hounds you until you get to pay the bill + late charges.

secured credit card
 - savings or time deposit account ang requirement - ito yung magse-serve as collateral
 - bihira sa mga ito na tumaas ang credit limit, kahit magaling kang magbayad
 - credit limits given to cardholders are generally too low
 - usually mas mababa ang credit limit; kung gusto mong pataasin ang credit limit, nirerequire kang magdeposit ng additional funds
 - has lesser perks
 - highly recommended for those who do not get easily approved sa isang regular credit card
 - should be a temporary stage, just to build "character" and credit-worthiness in banks; eventually you want switch to a regular credit card
 - if you default on this (not pay the bill for a long time), the bank will just deduct from your savings or time deposit account to pay the bill.

[chacha.12]

^ wow many thanks sis for sharing 

[ckhrisz_19]

I have BPI Easy Savers account opened last july 23. =) Sponsored ng BPI dito sa school namen, since walang maintaining balance kumuha na ako. hehe! sayang eh. 250 pesos lang binayad ko tapos yung 50 for the card then yung 200 pwede mo iwithdraw na. mamaya ko siya maoopen. hihi..

[grace08]

sis ang alam ko masmatagal ang crediting pag sa bank account .  di real time. unlike swa mga western union. usualy 2 to 7 days.

[l4dybu6]

hi, sorry bago lang po. ask ko lang paano po mag open ng account gamit business name, tia

[u8mypinkcookies]

May promo din ba for eps charge slips na freebie like yung pizza hut/ dq/ taco bell freebie fir credit card?

[ayami]

regular credit card
 - need mong magsubmit ng income documents to prove yung capability mong magbayad
 - tumataas ang credit limit regularly, kung napatunayan mong maganda kang creditor
 - credit limits given to cardholders are generally good to generous
 - usually mas matataas ang naaabot ng credit limit
 - has more perks
 - mid to high income earners and those maintaining a good amount of money in bank accounts for sometime are the ones that are most likely to get approved for this card.
 - secured credit card with good credit history (that is, paid due amount in full and on time) can also get easily approved for this
 - if you default on this (not pay the bill for a long time), then eventually the account is turned over sa collection agency which hounds you until you get to pay the bill + late charges.

My mom got approved with lots of credit cards. apat na yung kanya (3 Citibank Cards with 40 thou limit each at BDO card na 20 thou limit). thing is, she's not working, walang savings account sa kahit anong big bank except yung bank sa MERALCO (MESALA) where my dad used to work for, and she is just a housewife. Naiinsulto ako kasi ako yung may work with salary ranging to 20-30 thou per month pero di man lang ako maapprove.

Badtrip talaga. haha. Hanggang secured credit card lang ako. Nung nagpa credit card retention ako sa BPI with good payments and all, hindi pa rin natanggap so 2 years na yung secured CC ko sa BPI. nung tumawag kasi yung CI team sa bahay, sabi ng mom ko wala akong work e meron naman akong ESL tutoring job. I guess dahil sa mistake na yon di ako naconsider.

[freelancer_babe]

^ Most likely your mom got approved kasi maganda ang credit history nya. You just said marami siyang credit cards? So this means magaling rin siyang magbayad.

Yung credit history kasi ang malamang na pinakamabigat na kino-consider. Thus yung credit history ang talagang lamang nya sa iyo, kahit wala siyang job. And I think they are also considering yung work ng dad mo - yung spouse information being asked sa application forms di ba? So there's the income - may sasalo talaga sa gastusin ng mom mo. Mas favorable pa kung mataas na rin ang sahod ng dad mo.

As compared to your situation - you probably just have your ITR to prove your income, and have yet to establish your credit history.