What do you look for in a credit card? Aside from the promos you get as you swipe your credit card, discover the other features and benefits you can enjoy. You might miss some of the Unionbank Credit Card features, so read on:
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- Worldwide Acceptance
Shops and other establishments all over the world usually accept VISA and MasterCard. You can bring your credit card along in your adventures overseas and gain rebates, rewards and exclusive promos.
- Account Access
You can get access to your UnionBank Credit Card Account online wherever you are around the globe.
- Email Statement of Account
Have your billing statement emailed to your registered e-mail address. The e-statements are emailed two days after your billing cycle.
- 24-Hour Customer Service
Get assistance 24/7 via telephone, postal mail, fax, email or through the Unionbank website.
- Cash Advance Facility
You can request for a Cash Advance PIN should you need to withdraw some cash through your credit card. The amount will be deducted from your credit limit and an interest rate will be charged from the day you withdrew the cash until you settle the outstanding bill. Do not be surprised if you get charged with a processing fee.
- Longer Credit Terms
If you settle your dues diligently, you can get a grace period of up to 53 days credit from your cutoff date to your due date without any interest charge.
- Flexible Monthly Payment
You can pay the minimum amount of 5% of total outstanding balance or P500 to avoid the late payment fee. However, unless you settle the bill, you will be charged with an interest rate. Pay off your outstanding balance as soon as possible to avoid records of delinquencies on your credit history.
- Payment Convenience
You can access to UnionBank branches nationwide and even make transactions with thousands of MegaLink and Bancnet ATMs.
- Unlimited Number of Supplementary Card
Your family and friends ages 14 years old and above can get a supplementary card under your principal card.
- Auto-Insurance Installment Plan
Under the Roadside Assistance Program, flat tire change, free towing, ambulance assistance, 24hour assistance hotline are covered. You have to register first to get these benefits.
- Credit Life Insurance
In the event of untimely accidents which may lead to death or permanent disability, UnionBank will help you secure your finances with U-Protect and U-Secure. This covers cardholders ages 21 to 59.
If you get into an accident which leaves you temporarily unable to work, Unionbank will let you pay 5% of your balance or P500 without any blow on your credit rating. If the accident causes permanent disability or death, the family or the cardholder will receive P400, 000. The premium costs P0.36 per P100 of the statement balance. If you pay your balance before the bill is issued (which makes your statement balance 0), the premium will not be charged at all.
- Discount Program
With the Unionbank Credit Cards, you can enjoy various deals and discounts. Receive deals in dining, beauty, health and wellness, hotels, resorts, golfs and country clubs and various retail stores.
- Rewards Program
Cash rebates, free plane tickets, free gas, and shopping items are rewarded to cardholders depending on their specific credit cards. Before being entitled for the rewards, you must meet the specific terms and conditions. Also, be sure to check if there is an expiration for the promos or rewards points. Rebates may also be capped.
- Auto-Charge Facility
Auto-charging your bills with the Credit Card Bill Manager Facility is convenient if you always get a hard time remembering due dates. Just make sure that you have enough funds in your account or else your bill payments will not be processed.
Upon approval of your facility enrolment, the bills will be charged monthly. No receipt will be given to you and the payment will just be reflected in your bill. If you want to cancel the agreement, you need to send a written request and wait for 15 days. If your ulitility bills are not processed by the bank, you might not get prompt updates.
- Installment Program
This is a payment plan which offers cardholders up to 36 monthly installment terms at 0% interest. If you have been wanting to buy a home theater, a luxury bag, a branded watch or a ticket to a grand getaway, then this payment term gives you the affordable chance. With a minimum purchase of P3, 000 and depending on the partnering store’s condition, you can avail the program conveniently.
Note that the 0% interest rate is only applicable to certain items at participating stores. You also have to pay your bill on time to avoid other additional fees.
With all the benefits and features a credit card can give you, remember that these are also accompanied by certain terms and conditions. Some deals can only be gained if you pay the required minimum amount. This usually entices cardholders to spend more.
Remember that credit cards is a way which bank uses to earn money. Know the fees you might get charged with such as the cash advance interest rate, late payment penalties and annual fees to avoid bill shock. Do not just focus on the seemingly perfect deals. Choose a card which lets you gain deals while smartly spending on your needs.