The Bank of the Philippines Island is among the largest financial institutions in the country. The bank continues to enhance its services to facilitate the needs of its clients. For instance, the BPI credit card application process has now been digitized. What do you need to know before applying for one?
Technology has significantly impacted how people transact different businesses. Currently, the Bank of the Philippines Island is allowing its customers to pay for goods and services even when they do not have funds in their accounts. However, the benefits are available to subscribers only.
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Further, other specific requirements for various classes of applicants are as follows:
If you are wondering how to get a credit card in BPI, it is essential to remember this factor when applying for a credit card. Otherwise, one is likely to apply for the wrong debit card, which they cannot maintain or meet their needs. Consider the following aspects:
It is compulsory to meet the recommended age; 21 years old and above for the principal holder category and 13 years old for supplementary cardholders.
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Income is based on the type of credit card one wants to apply for. For instance, a Blue MasterCard holder should be able to earn more than PHP 15,000 a year. On the other hand, Gold MasterCard cardholders must earn a minimum of PHP 1 million per year.
Importantly, it is a necessity to apply for one that can accommodate your lifestyle, such as spending habits. Besides, the wrong one may not be approved by the bank.
A residence or business number is compulsory. Also, your house must be within a radius of 30km from the headquarters of the bank or one of its family or provincial branches.
The bank can only approve your application if you are a resident of the Philippines. In other words, you must have all the identification documents to prove that you are a Filipino national. The requirement also covers Overseas Filipino workers (OFWs).
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The simplest way to get your BPI-secured credit card approved fast is to create a BPI savings account. In the account, deposit a minimum of PHP 10,000.00. You can either complete the process at the nearest Bank of the Philippines Island or on BPI Express online. Overall, below is the breakdown of the process for completing a BPI credit card application form.
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NOTE: The process is divided into five phases; personal, financial, additional cardholders, documents, and summary. Also, the BPI credit card application processing time is usually estimated to range between 5 to 10 minutes.
Currently, the bank allows customers two options for tracking their BPI credit card status once the two weeks are over. The first option involves you calling them through their official numbers available on its website. Follow the prompts, and you will talk to an agent who will direct you on how to receive the document.
The second option, perhaps the most convenient one, is through the BPI website. Importantly, you need to sign in to your online account and click on "Other Services," after which you will find an option requiring you to inquire about your credit card status.
You can also track your credit card through a BPI credit card hotline number. Here is how to go about it:
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You can monitor the progress of your credit card application online via BPI's official website. You can also contact BPI customer service or visit the bank.
Once you contact customer service, you will be notified if your card was declined or not. Instances when an application can be rejected, include:
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Similar to other Filipino financial institutions, the Bank of the Philippines Island allows applicants a maximum of one to two weeks. However, this period can change based on various factors. At times, customers can be forced to wait for more than a month. Majorly, the earlier the bank approves your request, the earlier you are likely to receive your document.
If you don't pay the minimum amount due, interest charges may be applied to the remaining balance on your credit card.
The BPI credit card application process is easy. Ensure you submit the necessary documents to complete the application process. You can visit their offices or contact them if you have any further details.
DISCLAIMER: This article is not sponsored by any third party. It is intended for general informational purposes only and does not address individual circumstances. It is not a substitute for professional advice or help and should not be relied on to make decisions of any kind. Any action you take upon the information presented in this article is strictly at your own risk and responsibility!
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Kami.com.ph recently published an article about the SOGIE bill in 2023. This legislation aims to protect Filipinos in the LGBTQIA+ community against discrimination. It seeks to penalize discrimination based on gender identity and expressions.
The SOGIE bill is significant because it encourages inclusivity, respect, and equality for all individuals. Understanding SOGIE can help to question established norms and prejudices, dispel stereotypes, and build a more inclusive and welcoming society.
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