Secured Credit Cards

[shamashu9]

generally may mga policies ang banks tungkol sa bad records. yung ibang bank, okay na sa kanila as long ay bayad yung utang mo (with or without principal discount) at 5 yrs na after ka nagsettle. yung iba basta okay yung dineclare mong card at good credit standing ka dun. basta iba ibang policies. hindi porket maapprove ka ibig sabihin wala ka ng record.

how about on your company's case?

[shamashu9]

I'm not sure if you understood my question. I know what a secured card is.




Example, nag-apply ako ng card at nilagay ko yung secured card ko as my existing card. Hindi ba nila malalaman na secured yun? AFAIK, malalaman nila. Can anyone confirm?

why did you ask this eh sa bank ka kamo work?

[raito7]

just to know if anyone's in the same boat.

sa case ng company ko, auto reject kapag may bad records sa ibang bank. kapag sa bank namin mismo nagkabad-record, pwede as long as nameet nya yung mga criteria na sinet ng bank.

Example, nag-apply ako ng card at nilagay ko yung secured card ko as my existing card. Hindi ba nila malalaman na secured yun? AFAIK, malalaman nila. Can anyone confirm?

they wont, before you apply to other banks dapat atleast 9mos or 1yr na

ikaw, san mo binase yang sagot mo na hindi nila malalaman kung secured o hindi yung dineclare mo? bank ka din ba? o narinig mo lang din? kung narinig mo lang, hindi mo na vinerify?

[shamashu9]

just to know if anyone's in the same boat.

sa case ng company ko, auto reject kapag may bad records sa ibang bank. kapag sa bank namin mismo nagkabad-record, pwede as long as nameet nya yung mga criteria na sinet ng bank.





ikaw, san mo binase yang sagot mo na hindi nila malalaman kung secured o hindi yung dineclare mo? bank ka din ba? o narinig mo lang din? kung narinig mo lang, hindi mo na vinerify?

sabi ng pinsan ko working sa bank. kasi yun mga hindi nagbabayad, pag di na masingil ng bank, ipapasa sa collection agency/law firm kuno, so parang binenta ng bank yun utang, after five years, mapapagod din sila mangulit ang mangharass after nila ipasa pasa sa ibang agency. after ten years, madedelete daw yun record.
obviously di ako galing sa bank, so i cant verify myself. ask you nga sa manager ninyo.

[shamashu9]

first card ko ksi is secured card ng hsbc. after 9 months, i applied for scb through agent and i ask if may bearing ang secured card. wala naman daw, they dont check, what is important is your credit standing, after one year, yun secured card ko, was converted to regular card pero same card number at di naman nireplace yun card ko. kung ano ko siya nakuha yun parin classic. pero platinum pa yun naapproved sa akin sa scb kahit secured card pa lang ako nun

[jnbetonio]

BPI called me about jan, deposit daw ako 10k then bibigyan ako ng CC? DI ko lang alam *** kind of cc ang bibigay sa akin? Gusto ko kasi sana mastercard siya? sino po dito nagavail na nung bpi offer na ito?

sa Metrobank, *** if ang account ko lang sa kanila is payroll, consider kaya nila iyon when applying for cc? Thnx

So yung BPI secured credit card na makukuha ko pag nag time deposit ako ng 10K is yung blue na may mastercard logo tama po ba? Alam ko kasi yung red dito lang sa local..

I was planning to use this as spring board para makakuha ng regular CC... medyo nahirapan kasi ako magapply primarily because palipat lipat ako ng work.. alam ko 1 year na sa work (if employed) is isa sa requirement and regular pa dapat... (yung isa ko kasing work renew *** ng renew ng contract, amfness)

[freelancer_babe]

So yung BPI secured credit card na makukuha ko pag nag time deposit ako ng 10K is yung blue na may mastercard logo tama po ba? Alam ko kasi yung red dito lang sa local..

You don't necessarily get the blue mastercard. Depende yan sa choice mo. You can even get an Edge or BPI-Petron mastercard if you wish. Or simply stay with the red mastercard. Just tell the customer service that you want to go for another card.

I have a BPI-Petron one as well as an eCredit card on secured CC arrangement.

[jnbetonio]

ah so ako pa din pala pipili... pero baka po depende naman yun sa amount na ititme deposit mo? I am planning na 10k minimum lang muna, is it qualified para dun sa blue bpi card?

[jnbetonio]

by the way, mam if secured cc is parang regular cc na din (xcept na may collateral na time deposit amt) paano po yung annual fee niya?

[freelancer_babe]

ah so ako pa din pala pipili... pero baka po depende naman yun sa amount na ititme deposit mo? I am planning na 10k minimum lang muna, is it qualified para dun sa blue bpi card?

Yung classic, BPI blue at BPI Petron ang pwede sa 10k. I'm not sure with BPI Edge. Yung BPI gold and skymiles siguradong kailangan ng mas malaking hold-out deposit, or they might not even be offered as secured CC.

by the way, mam if secured cc is parang regular cc na din (xcept na may collateral na time deposit amt) paano po yung annual fee niya?

Yes, you use it like any regular CC. As usual you pay annual fees pa rin, starting on the 2nd year, just like a regular card - unless you get to have that annual fee waived just like any other regular CC user.

[kim880]

they wont, before you apply to other banks dapat atleast 9mos or 1yr na

This doesn't follow, they're really after with credit performance. I applied with HSBC declared my 7month use BPI card with good standing then i got approved!

[jnbetonio]

Yung classic, BPI blue at BPI Petron ang pwede sa 10k. I'm not sure with BPI Edge. Yung BPI gold and skymiles siguradong kailangan ng mas malaking hold-out deposit, or they might not even be offered as secured CC.



Yes, you use it like any regular CC. As usual you pay annual fees pa rin, starting on the 2nd year, just like a regular card - unless you get to have that annual fee waived just like any other regular CC user.

Thanks mam. If at the time na mag aanual fee na and secured cc pa din siya, paano babayaran yung annual fee? babawas ba yun sa td mo o need talaga bayaran?

[freelancer_babe]

Thanks mam. If at the time na mag aanual fee na and secured cc pa din siya, paano babayaran yung annual fee? babawas ba yun sa td mo o need talaga bayaran?

It will be charged sa mismong CC - kasama sa bill.

[rosannarose]

if u will use a secucred cc as ur existing card, will they know the credit limit?

[KuyaDanny]

They can easily find out your credit limit by asking the issuing bank.

[kenj14]

any feedbacks for RCBC Instacard? Inoffer ako nito after my application for Bankard was denied. Talaga bang 60 pesos a month yung fee niya na kailangan mo bayaran?

[maverick33]

wow palpak pala ang metrobank, i received a call form them after a week since i tried to avail of their secured credit card only to inform me that they can't read the documents faxed by my servicing branch wtf! dapat kung malabo ang kopya sinabi na nila agad hinde yung pag aantayin pa ng isang linggo ang customer nila only to inform them na wala palang nangyari sa application at nasayang lang ang oras nila.

[exedra_03]

I have secured credit card in metrobank I deposit 12,000 and they gave me 10,800 as CL.

Meron po ba dito na naka secured sa metrobank?

yes me!

[exedra_03]

12k minimum kasi dati ang maintaining deposit sa HSBC Savings Bank. mas mataas ang maintining balance ng HSBC Bank. they are different. HSBC secured card ang first cc ko, at 12k din ang deposit ko noon, it was converted to a regular card after 6months and i was able to withdraw and close my savings account by that time.

I want to apply for a secured cc with hsbc. Sana lang maaprove gaya ***. Laki *** ng min dep nila 100k n.

did you apply to upgrade it to a regular card orautomatic yun? paano yungpayment mo do you pay in full or minimum?tia.

[shamashu9]

yes me!

I want to apply for a secured cc with hsbc. Sana lang maaprove gaya ***. Laki *** ng min dep nila 100k n.

did you apply to upgrade it to a regular card orautomatic yun? paano yungpayment mo do you pay in full or minimum?tia.

ilang months na yun metrobank mo? if 1 year na pwede ka na mag apply ng regular hsbc classic.

re: your question, i just requested to convert it to regular cc, then na aaproved, i closed my deposit account na sa hsbc after converting my cc. i pay the full amount monthly before due dates for six months