For many people, a credit card is considered a luxury item. It can help you purchase an item or make transactions that you may not be able to afford if you only have cash. This means that you can purchase items that you can later pay for.
Certain credit cards offer you the chance to pay later on in installments. Some even reward you for spending your credit limit on different kinds of transactions. This is what the UnionBank Rewards Visa Platinum is all about.
You can find out more about this Unionbank credit card when you check out the article below. You’ll also learn about the features and how you can apply for the UnionBank Rewards Visa Platinum with this guide.
Key Highlights of the UnionBank Rewards Visa Platinum
The UnionBank Rewards Visa Platinum is a very new user-friendly credit card that matches the lifestyle of the account holder.
You can easily earn points, redeem them for rewards, earn even more rewards as well as make your life a lot more convenient with this credit card.
Find out what are the key highlights of the UnionBank Rewards Visa Platinum down below.
Make Every Transaction a Reward
With the UnionBank Rewards Visa Platinum, you can make every transaction a rewarding experience. Every PHP30 that you spend using the card will let you earn 1 reward point.
You get 3 times the amount of points that you earn when you use the card for shopping and dining at partner establishments.
You can then use your points and redeem them for cash credits, gadgets, merchandise, and many more.
Pay for Your Transactions Anytime Anywhere
The UnionBank Rewards Visa Platinum lets you use the card at any establishment or website that you like.
There is also a virtual card that you can activate and then use so you don’t have to wait for your physical card to make transactions.
Make transactions and pay your bills at any time using the card. You can also access your account through the Unionbank app and manage your finances properly.
Get Discounts at Partner Stores
The best part about the UnionBank Rewards Visa Platinum is that you automatically earn discounts at partner stores.
Cardholders can expect a 40% discount at Banana Republic, and up to 45% off at Gap, and many other merchants.
There are also PayEasy offers and you can even get up to PHP2,000 worth of gift certificates from Unionbank. Shop at SM and you’ll get up to 35% discount on appliances and many other items.
A Generous Welcome Gift
This amazing Unionbank credit card also gives you a generous welcome gift once you sign up for the card. New accounts get Spotify Premium for free for the next 12 months zero annual fee and so much more.
You can check what’s in store for you with the UnionBank Rewards Visa Platinum at their official website.
PayEasy, Pay Later Plan
UnionBank Rewards Visa Platinum cardholders can also enjoy the PayEasy, Pay Later installment plan.
You can get a 0% installment of up to 24 months and pay 2 months later at many different establishments all over the Philippines.
This is the best possible way for you to pay off your purchases without having to deal with interest rates for a very long period.
Interest Rates and Fees
With the UnionBank Rewards Visa Platinum, you will be charged with an annual membership fee of PHP2,500 for the primary cardholder and PHP1,250 for the supplementary card.
The effective monthly interest rate is 3% for purchases and 3.04% for cash advances. There is also a cash advance service charge of PHP200 and a monthly late payment fee of PHP1,500.
A foreign transaction fee of 2.525% will charged and is automatically converted to Philippine pesos.
Requirements for Application
If you’re planning to apply for the UnionBank Rewards Visa Platinum, you must know the minimum requirements and qualifications.
You must be at least 21 years old and must be a resident of the Philippines with a valid government-issued ID. Applicants must either have a postpaid landline or a postpaid mobile phone.
They must also have a Taxpayer’s Identification Number and several other government documents.
Applicants will also need to present documents from other banks if they have credit cards from such institutions. Lastly, all applicants are required to have good credit standing.
Contact Details
For more information, you can contact their customer service through their hotline at 1800 1 888 2277. They are available 24/7 and will be able to assist you with your inquiries and concerns.
You can also visit their main office address located at UnionBank Plaza Bldg., Meralco Ave. corner Onyx St., Ortigas Center, Pasig City, Philippines.
How to Apply for the Unionbank Credit Card
Once you meet the qualifications and requirements for application, it is time to learn how to apply for the UnionBank Rewards Visa Platinum.
There are two ways for you to apply for a credit card. You can head over to any Unionbank branch with your requirements and other documents and apply.
You can also head over to the official website and apply online.
Applying Online
If you wish to apply online, review all the details on the official website before you start the application process.
Prepare digital copies of the required documents so the application process runs smoothly. Click on Apply answer the questions honestly and proceed with the online application.
Fill out the online application form with your details and upload all the required documents. Click on Submit but make sure that you have reviewed everything correctly.
After Application
After the application, you will need to wait for their notification if you have been approved for the card.
If approved, you will receive the card after a few business days. Those who were not approved will still receive an email from the bank.
Conclusion
Anyone who wants to have a credit card in the Philippines should check out the UnionBank Rewards Visa Platinum. It has all of the features and perks that an average working-class individual needs that should allow them to purchase and make transactions while being rewarded for it. Check out the UnionBank Rewards Visa Platinum and apply for it today!
Note: There are risks involved when applying for and using credit. Consult the bank’s terms and conditions page for more information.
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