Those who read my blog from time to time know that I am new to the credit card world. I just had one via BPI secured credit card. So far, I only use it for grocery, Globe bill and emergency purchases just like my recent Plantronics headset order.
I know the credit limit is just too low (yes, it’s just 9k, lol), I make sure to remind myself not to use it for things I don’t need. So far, I don’t have any problems when it comes to self-control VS my secured credit card. lol.
Along with my successful BPI secured credit card application, I got three different cards. The first one was the BPI Debit (EPS) card, I don’t know what it was for and I didn’t ask, lol! I’m guessing since I opened a savings account, that was the ATM for my savings. Then I got the actual credit card sent to me via mail. About a week after, I got this BPI Express Credit card or BPI eCredit card and I was like, “what’s with all these cards?” haha. I only had one card for my Unionbank EON account for both savings and prepaid card.
After reading the information that came along with the card, I realized that this was for its client’s added protection. It is for my online safety and I like it. BPI eCredit serves as a masquerade to hide my actual card number and still be able to purchase online. This card is for e-Commerce Use only. The card number, expiration date as well as the CVV number are all written at the front of the card.
What’s important to remember though is that the number on the BPI eCredit is to be used only when purchasing on the internet. It cannot be used to make reservations that require presentation of a BPI Express Credit Mastercard at the point of payment.