PMT Forum
Do you want to make money today? :)

Which bank issues credit cards with the lowest interest rate and fees?

jaolave23 · 25 · 8631

jaolave23

  • Junior Member
  • **
    • Posts: 27
    • Likes Received: +0/-0
I have used only one credit card since I can remember. I have therefore no information regarding the interest rates and fees charged by other banks on their credit cards. It would be good to get a side by side comparison. If you can post what you use and how much are the interest rates and fees, then we can create a table to compare everything. Thanks!


ferrariEverest

  • VIP 5500
  • *****
    • Posts: 5,569
    • Likes Received: +4/-0
ano ba credit card mo? BPI sakin.

BPI
finance charge: 2.75% to 3.40%
penalties: 6% of the past due month

btw, d naman kailangan ng 2 or more credit cards.
saka bawat bank, maraming klaseng credit cards na offered, so varied rin ang rates & fees.


anakbaryu

  • Forum Tambay 150
  • ***
    • Posts: 157
    • Likes Received: +0/-0
ano ba credit card mo? BPI sakin.

BPI
finance charge: 2.75% to 3.40%
penalties: 6% of the past due month

Sir ( I assume you're a "he"), which one do you use and how much is the annual fee for it?


ferrariEverest

  • VIP 5500
  • *****
    • Posts: 5,569
    • Likes Received: +4/-0
Petron-BPI Mastercard. P1550 annual fee.
base yan sa kapapadala lang na list ng fees&charges.

ikaw ano gamit mo? fees & charges? salamat


anakbaryu

  • Forum Tambay 150
  • ***
    • Posts: 157
    • Likes Received: +0/-0
Petron-BPI Mastercard. P1550 annual fee.
base yan sa kapapadala lang na list ng fees&charges.

ikaw ano gamit mo? fees & charges? salamat

sir ginagamit ko ngayon ay yung platinum capital one master card, walang annual charge.  pero wala akong credit card sa pinas pa, naghahanap nga ako ng walang annual fee.  thanks.



yojmg

  • Forum Master 300
  • ***
    • Posts: 305
    • Likes Received: +0/-0
sa 'Pinas bihira ang free annual fee, but if you maintain your good credit standing sa BPI Gold they will waive your annual dues perpetually; sa citibank magaling yan maningil yearly pero pag sabihan mo na sila icancel irereverse nila yan (that is kung wala kang utang) kaya dapat always pay in full, of my 14 yrs as member, 10yrs na akong di nagbabayad ng annual dues.


ferrariEverest

  • VIP 5500
  • *****
    • Posts: 5,569
    • Likes Received: +4/-0
kahit hindi BPI Gold. sa ibang BPI c.cards, pwede rin pero gusto nila may ma-meet kang monthly threshold (na paggamit ng card; depende ata sa client kung magkano yung monthly limit na yan)

14years ka na sa BPI or citibank? thanks for sharing!


yojmg

  • Forum Master 300
  • ***
    • Posts: 305
    • Likes Received: +0/-0

freefront

  • VIP 4500
  • *****
    • Posts: 4,885
    • Likes Received: +9/-0
I found out, reading from this forum, that you can have your annual fees waived---mind you, waived. Not payment deducted from your earned points, but waived. You have to call in and ask for that, when your monthly/yearly expenses charged on the card reaches a certain threshold.

The banks won't tell you about it. How do I know? Because they allowed me to do rebate on my 2,500 annual fee by deducting it from my earned redeemable points, for 7 years! That would be CITI. I also called BDO. I guess I am not a huge spender because I was told to do this every anniversary date.


ferrariEverest

  • VIP 5500
  • *****
    • Posts: 5,569
    • Likes Received: +4/-0
^ yan precisely yung prior post ko, mawe-waive yung annual fees only if u meet a certain requirement.

yojmg,
ano purpose mo for having 2 cards?
in your case, what was the advantage in having 2 cards?


mikkoy

  • Junior Member
  • **
    • Posts: 38
    • Likes Received: +0/-0
Difficult to deal with BDO, ayaw nila i-waive annual fees. For bpi, if you reach ten years with them with good credit history, waive na annual fee for life.




yojmg

  • Forum Master 300
  • ***
    • Posts: 305
    • Likes Received: +0/-0
ano purpose mo for having 2 cards?
in your case, what was the advantage in having 2 cards?
actually i have 5 cards, 3 are bank issued, pre-approved; 1 card (50k credit limit lang that i requested to CB) to use for my online shopping/paypal account linkage; 1 card is Metrobank MC M no annual dues, i maintain only for my 2 kids as extensions ---- take note lahat yan walang utang, para you always have the upper hand to cancel the card anytime as you wish, so macancel man yung iba (luckily wala pa naman) meron ka pa iba :)
freefront
why do you allow your rewards points to be deducted? magulang tlga CitiBank! 


Bp22estafa

  • PMT Idol 1000
  • ****
    • Posts: 1,267
    • Likes Received: +2/-0
i have 2 CC

Citibank mastercard 3.25% monthly int rate
Rcbc Bankard Mastercard 3.50% naman

advantages of having 2 or more CC:
1. bigger accumulated credit limits for big purchases & expenses (downpayment for cars, h&l, hospital expenses that requires surgery or the use of O.R.)

2. different cut-off dates for the statement of account for you to time your spendings wisely
3. expense segregation

1 card for bills, fuel, utilities, groceries & other home expenses
1 card for emergencies with untouched credit limit or kung meron man minimal lang

cut-off date ng CB ko every 15th of the month, bankard ko naman 28th of the month

so if i'll buy or pay for something now using a CC. i'll use my bk since any purchases made after the cut-off date won't be reflected in my next billing statement. i'll be charged on the next billing after that pa. if i'll used my CB, it would already be reflected on my next billing statement

i think you have 51 days to pay for it, whenever you charge something to your cc a day after your cut-off date. not so sure though about the exact days.

i'm a member of CB since '95. 2 years for the bankard

« Last Edit: Oct 01, 2011, 11:16 AM by Bp22estafa »


bizmen

  • Forum Expert 500
  • ****
    • Posts: 549
    • Likes Received: +0/-0
guys, how about HSBC CC dyan sa pinas?
dito sa UAE free for life, no annual fee and tied up with plenty of products/brands naka
flexi installament plan w/ zero interest.


puberer

  • PMT Idol 1500
  • ****
    • Posts: 1,593
    • Likes Received: +0/-0

ferrariEverest

  • VIP 5500
  • *****
    • Posts: 5,569
    • Likes Received: +4/-0
....take note lahat yan walang utang, para you always have the upper hand to cancel the card anytime as you wish, so macancel man yung iba (luckily wala pa naman) meron ka pa iba...
thanks for the tip! :D
i have 2 CC
advantages of having 2 or more CC...
ah, na-gets ko na diskarte mo sa paggamit ng 2 CC. salamat!


Mr_Rony

  • Junior Member
  • **
    • Posts: 49
    • Likes Received: +0/-0
For bpi, if you reach ten years with them with good credit history, waive na annual fee for life.

This isn't always true. My dad has been a BPI credit cardholder since 1989. Because of his good credit history, his card was upgraded twice--from Maroon to Blue and recently to Gold, yet he is still paying for membership fee annually.

---------------

Advantage of two credit cards: you have one for backup in case your main card gets declined. This can happen randomly even with no apparent reason. I've experienced this with my BPI credit card. It was declined in a Watson Drug Store even when my card was active, in good standing and with sufficient balance. It would have been a very embarrassing experience if I didn't have another card at that time.

---------------

AFAIK there are only three locally-issued credit cards with absolutely no annual fees (no conditions, no spending requirement, etc.). These are the Metrobank M Card, EastWest Bank Platinum MasterCard, and HSBC Premier World MasterCard.
« Last Edit: Nov 27, 2011, 07:45 PM by Mr_Rony »


mikkoy

  • Junior Member
  • **
    • Posts: 38
    • Likes Received: +0/-0
This isn't always true. My dad has been a BPI credit cardholder since 1989. Because of his good credit history, his card was upgraded twice--from Maroon to Blue and recently to Gold, yet he is still paying for membership fee annually.

---------------

I thought this applies to all BPI cardholders. Mine was the basic BPI express credit maroon card which was never upgraded. I received the letter for the waiver of annual fee for life though.


ferrariEverest

  • VIP 5500
  • *****
    • Posts: 5,569
    • Likes Received: +4/-0
This isn't always true. My dad has been a BPI credit cardholder since 1989. ..., yet he is still paying for membership fee annually.
---------------

AFAIK there are only three locally-issued credit cards with absolutely no annual fees (no conditions, no spending requirement, etc.). These are the Metrobank M Card, EastWest Bank Platinum MasterCard, and HSBC Premier World MasterCard.
thanks for the info about no annual fee c.cards.

bakit hindi nya subukan magrequest na i-waive yung annual fee? sayang rin yun.


joconcepcion

  • Forum Master 400
  • ***
    • Posts: 442
    • Likes Received: +0/-0
Tama po sir Ferrari, i-waive na ang lahat ng membership fee.., ang sama kasi kahit hindi mo gamitin, obligado kang bayaran agad ang membership fee.. or else naka hodl ang credit card mo..


naomibatac

  • Senior Member
  • **
    • Posts: 68
    • Likes Received: +0/-0
Actually, interest rates are not a concern if you will payoff your balance each month, which by the way is the best way of using your credit card. If you will only pay the minimum, that is the time that interest rates should be of a concern. However, based on my experience, even if the interest rate is fair enough, you will still incur heavy indebtedness because of too much charges if you pay only the minimum each month. Personally, I would rather look for credit cards with no annual fees and offer rewards programs.


RayEthell13

  • Newbie
  • *
    • Posts: 3
    • Likes Received: +0/-0
Choosing a card used to be a straightforward process; after all there were only a handful of banks that were willing to provide the same. Today the choice of cards is staggering with more and more places offering their own version. In fact it is even possible to get a stores own cards which comes with its own benefits tied into the store. With so much choice in the market anyone looking for a one can easily feel confused, and this is where a comparison is invaluable. Get the list of the credit cards and choose the one which will match your requirements like good structure, low interest rates etc.
« Last Edit: May 25, 2012, 11:23 AM by FutureGizmo »


 


PMT Shoutbox

Refresh History
  • Post only questions or comments here. Advertisements NOT ALLOWED.
  • Doni_megaworld: Hi Guys, who's online?
    Today at 03:08 PM
  • Doni_megaworld: good morning! who's online?
    Yesterday at 08:47 AM
  • Doni_megaworld: good morning guys!
    May 27, 2020, 09:47 AM
  • Doni_megaworld: work work
    May 26, 2020, 02:47 PM
  • Niel Jhacoubs: What's good in this afternoon?
    May 26, 2020, 02:01 PM
  • Doni_megaworld: agreed
    May 25, 2020, 03:30 PM
  • Niel Jhacoubs: @lyndrey depende siguro sa seller, so kung mag order kayo online much better na kilala niyo at trusted
    May 25, 2020, 02:29 PM
  • Doni_megaworld: kumusta? sino mga online?
    May 24, 2020, 03:24 PM
  • lyndrey: Do not buy PPE online. Either expensive overpriced or totally damaged or cannot be used
    May 24, 2020, 01:37 PM
  • lyndrey: Online Scammers/online shopping cheats are active with stay at home regimen.
    May 24, 2020, 01:34 PM
  • Niel Jhacoubs: @razee22 Parang di na po nacoconvert into money ang load po.
    May 12, 2020, 04:07 PM
  • razee22: any advised or recommendation?
    May 12, 2020, 11:16 AM
  • razee22: Paano po ba iconvert ang load into money like Paypal, Paymaya or Gcash?
    May 12, 2020, 11:15 AM
  • razee22: paano po ba iconvert ang load into money? Paypal or Gcash
    May 12, 2020, 11:14 AM
  • Niel Jhacoubs: Hellooooo, okay lang ba kayo dyannnn?
    May 11, 2020, 11:40 AM
  • theimprobableone: hi
    May 05, 2020, 11:37 AM
  • freelance_treasure_hunter: hello all...
    Apr 28, 2020, 04:26 PM
  • Niel Jhacoubs: Can someone save me?
    Mar 24, 2020, 01:39 PM
  • Niel Jhacoubs: I'm tired.
    Mar 24, 2020, 01:39 PM
  • Victorvargas: Hello sa lahat po new lang po dito. Hope na marami matutunan ako about business.
    Mar 21, 2020, 09:43 PM
  • Niel Jhacoubs: Yoh, its been a while.
    Mar 17, 2020, 10:33 AM
  • demi07: Hello everyone! New in pinoymoneytalk :)
    Mar 14, 2020, 01:24 PM
  • theappswitch: Hi!
    Feb 25, 2020, 03:14 PM
  • mike2020: hi po sa inyo lahat
    Feb 23, 2020, 11:52 PM
  • Jayjayqwe: hi po
    Feb 19, 2020, 11:27 PM
  • tirs d pip: hello
    Feb 18, 2020, 02:32 PM
  • Ace1105: Hello sa lahat...  :hello:
    Feb 07, 2020, 09:46 AM
  • FREYAHYARA: Anyone knows where Ig shops like styledom.ph, thriftme, instashoppeavenu and the likes get their items for selling. Would like to venture in the same business but would like to know where and who the suppliers are
    Jan 28, 2020, 09:38 PM
  • Niel Jhacoubs: To bpc85 kung nakalagay ang inyong names sa beneficiary list ng iyong ama kay may makukuha po kayo.
    Nov 28, 2019, 02:18 PM
  • Niel Jhacoubs: Hellooooo, its been a while. :)
    Nov 28, 2019, 02:16 PM
  • miakashidou31: hi , meron po ba ditong nagta transfer sa paypal?
    Nov 05, 2019, 01:46 PM
  • whennedy: good noon po
    Oct 18, 2019, 12:04 PM
  • edzlpdac: goood day po sa lahat!
    Oct 12, 2019, 03:37 PM
  • bpc85: ask lng sana ako kung may makukuha ba kami ng Mama ko at ako or mga kapatid ko sa benepisyo ng aming Ama bilang membro ng AFPSLAI. thank you po.
    Sep 27, 2019, 12:52 PM
  • bpc85: Hi guys, im new here,.
    Sep 27, 2019, 12:52 PM
  • Anaperdi: Hi just want to know if meron dito who is into boundary hulog ng motorcycle? For mga riders ng courier. Pwede ba magpashare how it works? Naisip ko lang baka pwede ko ibusiness, meron na pala mga posts online pero di pa clear ang system sa akin. thank  you sa makakapansin
    Sep 21, 2019, 11:32 AM
  • Anaperdi: Hi newbie here..
    Sep 21, 2019, 11:19 AM
  • jprios: May contact ba kayo kung sakali?
    Sep 18, 2019, 06:11 PM
  • jprios: Sino pwedeng mahiraman dito?
    Sep 18, 2019, 06:09 PM
  • kfg52: Present!
    Sep 15, 2019, 07:26 PM
  • juju31: san po ba may nag papahiram dito
    Sep 14, 2019, 07:18 PM
  • juju31: hello
    Sep 14, 2019, 07:18 PM
  • FutureGizmo: Thanks julz! Medyo ganun nga trabaho namin ngayon, to monitor spam posts kasi ang daming spam bots. But thanks for reporting. Auto-ban agad ang spammers sa amin haha
    Sep 07, 2019, 12:17 PM
  • julz: @FutureGizmo si @nikkikv18 just posted more than 10 posts about porn sites. hay, spam.
    Sep 03, 2019, 01:05 PM
  • Cid_brent: sino po dyan pwede magbigay send ng paypal funds and I will pay you using gcash?
    Aug 25, 2019, 08:58 PM
  • Meghan91811: Sino po may alam about Rice Farming...
    Aug 25, 2019, 07:44 AM
  • roselove: hello po sa inyo... newbie here
    Aug 06, 2019, 03:31 PM
  • Niel Jhacoubs: Sino palaging active dito?
    Jul 30, 2019, 04:15 PM
  • dagocjasonrey: Anong update dito?
    Jul 22, 2019, 08:49 PM