Minimum Requirements of having a Credit Cards Philippines and Why do I need Credit Card Account

Having a credit card in your wallet not means that you’re buried in debts, believe me having a credit card in your custody is very important with any doubt. However, many among us have a faith in the truth that, if you want to have a debt free life and want to earn for your future, you must take it off “your credit cards” away from your wallet and throw it in a place where you never get it back. But, I did that before, that was really weird.

“I’ll pull my wallet off from my back pack, take my credit cards and throw it in the middle of the sea, thinking that those fishes or sharks and other creature under the sea might have a use of it, and one day they woke up, instead of water they swim with debts. That was happened a two years ago while aboard on supercat, a cruise ship, Batangas pier to Mindoro. ”

A couple of years past, and till one day, a regular day not so special, I realize that I need to have a credit again for a reason, it was last month. Now, I asked you some question, Why on earth I need to have a credit card account and What do you think, what makes a guy who throw and doesn't want a credit card account before, to have it again?

The answer is very simple, I need it. I need to have a credit card account for many reasons, a good reasons. First reason why doI need a credit card account, having an internet based business or an online business such as, a buying and selling as well as rendering services online. Where in with the credit card, you may collect payments as well as paying bills online.

Second, I want to make a shopping online, having my credit card, shopping makes very easy and convenient not have to go away from your place, anytime online you can buy stuff, without going into shopping malls, and pull in line to pay your bills at the cashier.

The third reason why do I must have a credit card, is to avail zero percent interest offers. Some merchants and vendors offering a 0% interest, believing with this promotions, more sales will be generated. However, some people thinks that the Zero percent interest offered is just a trick of merchant to have a sales and generate more profit.

Would be that true? Having a zero percent interest promotions is just a marketing strategies of merchandise department to make a sale and generate more income and net profit will be secure, and without knowing it has an interest behind.

Without a feeling of uncertainty or lack of conviction, zero percent promotions is legitimate. However, there is an apparent reason why they offer zero percent promotions among product. They believe that with zero percent offers, buyers will take advantage with this. But, this promotion can only avails with the use of credit cards, so you must have a credit card first.

You’re thinking to have a credit card but the problem is, you don’t know what the requirements is. That is why I came with this article with a title “Minimum Requirements of having a Credit Cards Philippines and Why do I need Credit Card Account” to help you figure out why you need to have a credit card and what are the minimum requirements needed.

Requirements of Having Credit Cards

You must have at least two valid identification cards, a government issued ID would be better; billing account information,  that would be your address were you currently live, and your monthly income summary, such as payslip or income tax return for business owners. However, in the Philippines if you are employed you must have at least 15,000 Philippine peso monthly earning to get qualified and the credit card merchant will approved your applications. The application is made by you personally by visiting the bank.

How about those people doesn't meet this requirements and eager to make shopping online or start want to start an online business. Still there are ways, some banks offers a service to give you a solution with this. Banks like Unionbank offering, EON Visa Debit Account where you can use to purchase online and also allowed you to get verified with your paypal account to take off the withdrawal limit. Also, the Bank of the Philippine Island bank offering an prepaid e-card which also allows you to making shopping online. However, you have to paid 350 Philippine peso for Unionbank EON Visa Debit Card and 500 Php will be collected by BPI for its E-prepaid Card.