Today, I got my very first BPI credit card. It’s a credit card like no other, lol! It’s a secured credit card. 🙂 It is for those who can’t provide the requirements for a regular credit card.
Although the process felt like forever to complete, I’m happy it’s finally over. For one straight week, I kept going back and forth to BPI San Mateo and they could not accommodate my request because every time I go, the system is down, haha! Lucky me!
Before secured credit cards, I never wanted to have a credit card at all! I was so afraid that I would not be a good steward and become one of those na talagang nabaon sa utang. That’s my greatest fear, ang mabaon sa utang, lalo na kung di naman need ang binili ko. Which is why Dane and I try to save little by little when our pay comes. We’re not financially stable yet, in fact, we still don’t have a 6-month worth of emergency funds in our account. But we’re hoping one day, we will. Life is so much different now that we have Nate already. Talagang masasabi mong, hindi na talaga pwede ang papetiks petiks pag may anak na, no?
So going back to my secured BPI credit card, it was my online friend who told me the advantages of having a credit card. And I really think a credit card is good, as long as one can control the use of it. I will talk about the reasons why I decided to get a secured BPI credit card in a different post.
OK, the credit limit for this credit card, by the way, is just 10k, lol. I’m just happy I finally got it. If I wanted to increase my credit limit, all I have to do is deposit additional money in my BPI account.
I’m really happy banks have this so-called secured credit cards now. If not for this, I wouldn’t have applied for a credit card.
To know more about secured credit cards, check this post I found online: https://www.bankbazaar.ph/credit-card/secured-credit-cards.html
Do you have a credit card or a secured credit card? Aside from paying it on time and just buy the things I need, what’s your advice for a first time user like me so I can get the most out of it?