Credit Card Talk

[torogi1]

for credit card bills mas ok kung me online access ka sa CC companies like HSBC, BPI, Citibank, etc..

 

or pwede din telephone..

 

Credit Card is good lalo na for emergencies.

Alos, no need to bring cash while shopping pero make sure that you only spend what you can pay for the month. unless of course kung paylite or SIP.

 

Yung ibang tao kasi abusado sa credit card kaya nababalikan sila.

[treb']

wala akong ITR,san ako pwede mag apply...im earning 17k a month..

[Scorpion_hustler]

me and my gf applied for a credit card at citibank me as an extension to that. my gf is an attorny who works for court of appeals in manila...been working over a year already.she filled up the form and past it to 1 of the agent who gets the form from my office.CITIBANK called her up saying that lawyers are unable to get a credit card. my gf ask why but the agent or representative does not know the issue also. citibank also sent her a mail and that she will be able to apply again after 6 month.. getting the requirements was ez but the long wait and my gf being qualified and no defenite reason is like bs?? can anyone try to explain this?

Edited August 4, 2007 by Calif_ice

[revi]

me and my gf applied for a credit card at citibank me as an extension to that. my gf is an attorny who works for court of appeals in manila...been working over a year already.she filled up the form and past it to 1 of the agent who gets the form from my office.CITIBANK called her up saying that lawyers are unable to get a credit card. my gf ask why but the agent or representative does not know the issue also. citibank also sent her a mail and that she will be able to apply again after 6 month.. getting the requirements was ez but the long wait and my gf being qualified and no defenite reason is like bs?? can anyone try to explain this?

 

Its actually no surprise to me that your GF was not given a credit card.. There are several people who are in a way, "blacklisted" in getting a credit line from banks and financial institutions..

 

1) Lawyers - credit institutions do not want headaches from a lawyer dissing them.. For credit companies, lawyers are headaches as they know too much and can circumvent the law.. thus, they are hard to collect from..

 

2) Policemen/Soldiers - high risk individuals.. not to mention also hard to collect from..

 

When I was working in a financial insitution.. off the bat kapag lawyer ka or pulis.. disapproved kaagad..

 

That is how credit companies set their guidelines.. These guidelines are not really written, but they are what you call "unwritten" guidelines that we all know as credit people.. We just stamp the application like.. "undesirable work/job, etc.." Coz remember that credit companies are not required to tell why the application was disapproved..

 

Without being prejudiced, banks need to protect their interests first before they can protect someone else's di ba? So, there.. It might be bullshit to some, but if you look at it in a bank's or credit institution's perspective, you would understand..

 

That is through experience, guys.. I am not saying I am correct but that is how we were taught where I worked.. and I am telling you I've been with 5 financial institutions that had the same guidelines.. haha..

[capt morty]

Year ago, I applied for a credit card and and placed "advertising executive" in the space alloted for profession. Lo and behold, my application was disapproved. Reason UNSTABLE INCOME! This notwithstanding that I was a regular/permanent employee of a big multinational ad agency.

 

I've had a chance to talk to one of the officers of that bank who rejected my credit card application and was surprised that their bank rejected me. Their credit verifiers are sometimes too naive (even stupid) that they outright reject credit card applications if they don't know or understand the profession or business of the applicant.

 

If you're in this predicament, I suggest you establish a good rapport with the branch manager of the bank you do business with. Once you have established a good business relationship with the bank, the branch manager will gladly certify your credit card application. In some cases, the branch manager will even give you a pre-approved credit card with the usual membership due waived.

[Scorpion_hustler]

Its actually no surprise to me that your GF was not given a credit card.. There are several people who are in a way, "blacklisted" in getting a credit line from banks and financial institutions..

 

1) Lawyers - credit institutions do not want headaches from a lawyer dissing them.. For credit companies, lawyers are headaches as they know too much and can circumvent the law.. thus, they are hard to collect from..

 

2) Policemen/Soldiers - high risk individuals.. not to mention also hard to collect from..

 

When I was working in a financial insitution.. off the bat kapag lawyer ka or pulis.. disapproved kaagad..

 

That is how credit companies set their guidelines.. These guidelines are not really written, but they are what you call "unwritten" guidelines that we all know as credit people.. We just stamp the application like.. "undesirable work/job, etc.." Coz remember that credit companies are not required to tell why the application was disapproved..

 

Without being prejudiced, banks need to protect their interests first before they can protect someone else's di ba? So, there.. It might be bullshit to some, but if you look at it in a bank's or credit institution's perspective, you would understand..

 

That is through experience, guys.. I am not saying I am correct but that is how we were taught where I worked.. and I am telling you I've been with 5 financial institutions that had the same guidelines.. haha..

 

thanks for the reply.. at least i know why.. anyone from hsbc?? so i would try that??

[axlrose]

Its actually no surprise to me that your GF was not given a credit card.. There are several people who are in a way, "blacklisted" in getting a credit line from banks and financial institutions..

 

1) Lawyers - credit institutions do not want headaches from a lawyer dissing them.. For credit companies, lawyers are headaches as they know too much and can circumvent the law.. thus, they are hard to collect from..

 

2) Policemen/Soldiers - high risk individuals.. not to mention also hard to collect from..

 

When I was working in a financial insitution.. off the bat kapag lawyer ka or pulis.. disapproved kaagad..

 

That is how credit companies set their guidelines.. These guidelines are not really written, but they are what you call "unwritten" guidelines that we all know as credit people.. We just stamp the application like.. "undesirable work/job, etc.." Coz remember that credit companies are not required to tell why the application was disapproved..

 

Without being prejudiced, banks need to protect their interests first before they can protect someone else's di ba? So, there.. It might be bullshit to some, but if you look at it in a bank's or credit institution's perspective, you would understand..

 

That is through experience, guys.. I am not saying I am correct but that is how we were taught where I worked.. and I am telling you I've been with 5 financial institutions that had the same guidelines.. haha..

 

 

Now, i know... another question if you have use the CC over its limit, that's understood that you're a bad payer??? and blacklisted to another CC company???

 

lemme here...

Edited August 18, 2007 by Broz Tawilis

[revi]

Now, i know... another question if you have use the CC over its limit, that's understood that you're a bad payer??? and blacklisted to another CC company???

 

lemme here...

 

IMO, one can not really use his card over and above the stated credit limit.. "Over the limit" only happens when the credit card holder does not pay on time and thus incur penalties and interests.. This might make his outstanding balance balloon over the limit..

 

If this happens, the credit card company would definitely call the holder and ask him to pay.. Not necessarily the whole amount but maybe just to make the card current (not past due).. You won't get blacklisted but it would be seen in your records.. That might affect your credit approval with other institutions, especially if you prolong your being "past due.."

[axlrose]

IMO, one can not really use his card over and above the stated credit limit.. "Over the limit" only happens when the credit card holder does not pay on time and thus incur penalties and interests.. This might make his outstanding balance balloon over the limit..

 

If this happens, the credit card company would definitely call the holder and ask him to pay.. Not necessarily the whole amount but maybe just to make the card current (not past due).. You won't get blacklisted but it would be seen in your records.. That might affect your credit approval with other institutions, especially if you prolong your being "past due.."

 

Nice to hear you that, thank you.

[rubiconprecision]

hey guys, nid your advise

 

i had some trouble last 2003 with bpi card. i missed a payment and they charged me interest etc. but i did not recvd the bill statement. i askd them to remove the extra charges and they refused. so i didnt pay the bill. then the interests started piling up and belive me the amount ballooned to over 300k from my actual purchases of 60k.

 

bpi filed a case against me in court. then finally they agreed to remove all other charges if i agree to pay the actual chages.

i paid my actual purchase of 60k without any other charges. bpi dropped the case and issued me a certificate of clearance that i had fully settled my balance. case dropped.

 

now my question is this. i dont know why i cannot apply with other credit cards. visa or master. i have my own business and is financially capable.. but i dont know why banks are rejecting my application.

 

can anybody help me?

 

unfortunately, banks share information on credit history, they do this for credit investigation. heres the thing, since you have a business, i believe you are dealing with a bank, for all your deposits and cheques issuance. then start with them, PR the manager and get him/her to provide you a pre approved card, or else get someone to be your guarantor. after 6 months with good standing, start applying to another credit card company. once you get the new one, cancel the one with the guarantor so that you can now have a new credit standing. imho.

[Flowerhorny]

The reverse is also true, sometimes. Some Credit Card companies force their cards on you by sending you numerous pre-approved cards, and pester you to get cards from them, thru phone calls day and night even, from promos to services, it also gets to be irritating and an invasion of your privacy. They divulge your information to other businesses and give your details to their third-party telemarketers. Once CC company even tried to make it very difficult for me NOT TO ACCEPT the credit card they were forcing on me, and I'm a lawyer pa...

[bastus1n]

Thanks guys. This thread is really informative.

 

Anyway, how true is it that a collection agency will actually press charges against you for owning as little as 20K if in case you havent been able to pay it for a year?

[rubiconprecision]

Thanks guys. This thread is really informative.

 

Anyway, how true is it that a collection agency will actually press charges against you for owning as little as 20K if in case you havent been able to pay it for a year?

 

they wont bother you at this time, it will cost them more to go after you; but you will have a bad credit until you settle that. imho, best to settle that or move to a cc that will provide you with less interest and discipline yourself on paying ahead.

[monsignor28]

i was advised by one of the CC agents to get a secured card first if im having a hard time getting approved for a CC. Then afetr 3 months apply for a regular CC. They say that if you are a current CC holder its much easier for you to get approved. dont know if its true.

[rubiconprecision]

i was advised by one of the CC agents to get a secured card first if im having a hard time getting approved for a CC. Then afetr 3 months apply for a regular CC. They say that if you are a current CC holder its much easier for you to get approved. dont know if its true.

whats a secured card?