Credit Cards - Which Gives The Best Deal?

[sirkosero]

ang pinagtataka ko sa reddit halos lahat ng members nasa 7 digits ang credit limit. Naawa ako bigla sa credit limit ko, unless barbero mga members there? But it doesn't make sense to lie about credit limit to strangers/online.

Maluwag ngayon sa credit limits. A lot of people are earning 30-40k per month but limits reaching near 7digits each card.

Walang lugi ang banko sa ganyan basta minimum ang binabayad. Insured din naman sila sa losses eh

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[papi smith]

My credit limit is just under 400k but it is already more than enough for me, the highest we ever spent in a single transaction was 300k, and that was a plane ticket for 2, pang once every 5 years siguro na expense, on the average, pwede na kami sa 150k.

More important for us is free annual fee, kaso ang BPI, they changed the rewards system and now the lowest reward you can claim is 1k rebate for 20k points. At 35 kesos per point, that's 700k or 58k per month, hindi kami abot dyan.

So with a 2,250 annual fee, our BPI gold mastercard is no longer practical for us.

[yubby24]

How do you get CL like that? Mine's just below 200k! But it's more than enough for our monthly expense.

[_Cathy_]

Maluwag ngayon sa credit limits. A lot of people are earning 30-40k per month but limits reaching near 7digits each card.

Walang lugi ang banko sa ganyan basta minimum ang binabayad. Insured din naman sila sa losses eh

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oh wow. I earn way more than that for decades already and I never got a 7 digit limit I always pay the full balance though, never in my entire life ako hindi nag full balance.

I called BPI asking to increase my limit, ang sabi sakin I don't reach my current limit naman lol

[_Cathy_]

Kolokohan yan.

Curious talaga ako kasi may mga nag react din sa reddit na halos lahat ng redditors 7 digit limit and most of them are young.

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[KKagalingan]

inoofferan ako ng BPI ng platinum mastercard kaso ayoko kasi 4thou annual fee pag hindi ko mareach required spending. As in everyweek tinetext ako mag-apply na pati kung gusto ko daw mag loan.

[_Cathy_]

Yung BPI ko regular but I think the limit is the same with some gold/platinum. They automatically waive it. Kaya ayoko din ng gold or platinum because of the annual fee. Minsan weird din ang banks kasi may mga gold or platinum na maliit ang limit.

EDIT: May nabasa na naman ako sa reddit na P400k daw monthly income pero ang CL P100k plus lang, parang kwentong barbero naman. Ang grand excuse niya freelancer siya, pero nung 20s ko wala naman ako work but I was approved for a card because I was a depositor. If she is earning P400k/mo for sure HNW client na yan sa bank at auto approved for a platinum card with WAIVED ANNUAL FEE for life. I really do not understand these people who lie online. Online ka na nga lang pwede magpaka totoo kasi anonymous and what satisfaction does one get in impressing strangers

[Miles_on]

Basically, negosyo ng banko ay magpautang/magpaikot ng capital nila na mula sa mga depositors.
They charge interest for the loans, and pay a miniscule interest on the depositors accounts with the bank.

If a bank solicits your business by offering loans, the bank account officers are simply trying to meet their quotas. Trabaho lang po, hindi ka special.

Once, when the dealer confirmed with the bank about the check I wrote for a car I bought (I wanted it released that day din), tumawag din kaagad yung relationship manager if gusto ko i-installment na lang (take out a loan instead). I simply told him that I don't see the need to pay interest for money I already have (fully funded naman yung check).

[Miles_on]

Also, I'm surprised that for some, even at this day and age, parang bragging rights pa rin ata ang may mataas na credit limits sa CC? As in... really?

Risk pa nga yan if may unauth. use and you fail to report it kaagad. The oldest card I have (17+ yrs na), pina cap ko talaga at less than 400k ang limit. Eh ano naman ngayon? I never had a reason to max it out. Never din ako nagka past due and I pay in full each cycle, so hindi sila masaya sa akin. The 2 others I have na binigay pre approved by other banks na nasa 900k ang limit, I don't use. Dala ko lang as an emergency backup card when I'm overseas.

Ewan ko, pinalaki lang kasi siguro kaming allergic sa utang...

[KKagalingan]

for the first time in my life eh nag-apply ako metrobank m free mastercard. Bale no annual fee for life. Habol ko yung free memebership sa landers pag naka 4thou ako. Bakit kasi wala promo pag i-cash na lang para mas madali buhay.

Kaso tatanungin ko kung pwede credit limit ko mga 10thou lang para iwas hacking .