Credit Card In The Philippines How It Works?
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- Опубліковано 13 вер 2024
- ttps://www.buymeacoffee.com/PH.WithAi
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Thanks Ai and Derek. Very informative.
⚛️ I have come to the Philippines about 12 times and never used my credit cards for anything day to day > only cash💰⚛️ the funky transaction fees have been my concern ⚛️ cash💰for my last 2 Asian cities too > Singapore 🇸🇬 Korea 🇰🇷 > Hong Kong 🇭🇰 has the Octopus Card which is a great system by topping up value and using it on government transport systems and the supermarket and lots of businesses ⚛️
Ex-banker here......The Credit Card Division is usuallly the most profitable revneue center of a traditional/retail bank. Minimal regulations when it comes to fees and in a territory like the PH its like the wild west. Those local fees have nothing to do with Master card or the VISA fees. You may need to shop around and compare fee structure at different banks, but with the lack of readily available info that too may be a struggle. Using USA based credit cards maybe better.....idk.
Wild West for sure!
I understand Ai's trying to build up her credit, but I'd never have a credit card these days - I only use my debit card, and when shopping, I ask myself do I really need that item, and if it's no then I don't buy it - only what I need. 😏Good luck to you both and so happy you are getting your credit score up!! I used to listen to this radio show on finances years ago, when the host (a financial expert) talked to the callers he would have them put their credit cards in a blender and pulverize them, and you could hear it on the radio lol!
Dave Ramsey? I miss that show haha. Be careful using your U.S Debit Card for purchases here, it is an inherently less secure card and payment method, especially if asked to swipe and use the PIN. Even MC/Visa stickered debit cards are vulnerable here. Credit cards from the U.S have a higher standard of security and fraud prevention that is worth it when traveling in SEA.
@@thebeachoflife Glad you remembered - thanks for reminding me of his name, I couldn't remember!
Caught you two just in time 😊, I’ll watch now😊
Those fees are exorbitant 😮here in the west 🇦🇺 they don’t even charge that much.
As for the credit/debit savings card I’m not even charged that amount per purchase as it’s my money, not theirs.
Now if it’s just a credit card or credit store card, (borrowed money) that 20 % + amount charged is normally only for interest /default/ monthly payments and ads up per day until paid back. Or if you meant receipt print, that would be possible cents not dollars if that was charged in fees.
Sorry seems like it all back to front.😮
That is an authentic scam credit card.
If You ever need to go to the dentist in the U.S, DON'T EVER USE THE CARE CREDIT CREDIT CARD. It's is better to pay as You can afford.
🤪🙀😂