Credit Cards in the Philippines: How to Pick the Best Deal
Usually, people look forward to getting the best credit card deals. But determining the best may not be easy since every individual uses his card differently, thus, a credit card might be best for a shopaholic but not for an avid traveler. Here are some ideas every Filipino credit card user must take into account to help them find the perfect credit card for them.
Knowing the Basics
When you own a credit card, you do not have to pay your bill in full each month. This can be useful; however, keep in mind that what you do not pay now tends to incur interest charges. In case you miss a credit card payment or go beyond your credit limit, a fee of 500 pesos, along with a percentage of your outstanding balance will be charged to you.
Credit cards like hsbc credit cards are really good since they provide protection on purchases, let you borrow in advance or can be utilized in the majority of places. But, they are just great for financially responsible people. When you do not use your card correctly, the card will cost plenty of your hard earned money in over credit penalties and late penalties.
Credit cards allow you to make purchases with no money being taken from your wallet or bank account. Rather, you get either by mail or email a credit card statement on a monthly basis that states the amount you owe, the time you have to pay them and the minimum payment that you can make.
Various Kinds of Cards to Compare
What do you intend to you the card for? If you want to use it for much retail shopping in malls, pick a card that comes with great rewards, cash back and points for shopping. But if you like to travel, get a credit card which provides most travel rewards and miles.
How you Pay your Card Bills Every Month
A lot of credit card applicant fails to determine first how they will pay for their credit card. Be honest with yourself and know if you can really make full payment every month. In case you think you cannot make full payment each month, ensure your find credit cards that come with low interest rates. With this, your interest payments will be kept low and affordable. Often, credit cards are made differently. Cards that have good cash backs and rewards offers can be great for those who make full bill payment every month; however, not so great for those who love to prefer to make monthly minimum payments since such kind of cards can come with higher interest rates.