Without a doubt, one of the most annoying fees that credit cardholders have to pay is the annual fee. Majority of cardholders are familiar with … Read More
A P30,000 credit card debt that ballooned to almost P1 million because of interest charges?
Be informed: it is unlawful to charge or be charged two prices — a Cash Price and a Credit Card Price — for the same product.
Department of Trade and Industry (DTI) Undersecretary Zenaida Maglaya, in an interview with ABS-CBN’s Mornings@ANC, issued a reminder to establishments that the law forbids the imposition of additional charges on items purchased through credit cards.
Based on Article 81 of Republic Act 7394 (“Consumer Act of the Philippines”), goods and services must not be sold at a higher price that what is stated and without discrimination to all buyers.
For the past few months, HSBC has been running a promotional campaign to push their credit cards to the market.
From February 1 to May 31, for example, they are giving away a free Kenneth Cole Reaction Wallet and Key Fob to qualified individuals who apply for an HSBC credit card.
Previously they offered free Mango and Timex and Dunlop watches.
