Tag Archives: credit cards

Credit Card DO’s: Important Reminders

The ease in getting a credit card these days, as well as the greater ease in swiping it to purchase goods and services in lieu of hard cash, inevitably results to various problems. Here are some important tips or must-do’s when handling or using credit cards [see also Credit Card Dont’s; please feel free to add other credit card DON’Ts through the comment section below].

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The DON’Ts when using a Credit Card

We have a separate list of important tips or must-do’s when handling or using  credit cards. You must know many, if not all, of these reminders. It is better, however, to err on the side of caution, so it might be a good idea to go through these important reminders [read also Credit Card DO’s; please feel free to add other credit card DON’Ts through the comment section below].

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Republic Act No. 8484: Access Devices Regulation Act of 1998 (Full Text)

REPUBLIC ACT No. 8484

AN ACT REGULATING THE ISSUANCE AND USE OF ACCESS DEVICES, PROHIBITING FRAUDULENT ACTS COMMITTED RELATIVE THERETO, PROVIDING PENALTIES AND FOR OTHER PURPOSES

SECTION 1. Short Title. – This Act shall be known as the “Access Devices Regulation Act of 1998.” Continue reading

What would you do as a Credit Card Company?

There seems to be a consensus that certain practices of some credit card collection agencies go beyond what is fair and reasonable, something which is officially recognized when no less than the Bangko Sentral ng Pilipinas issued the rules prohibiting certain unfair collection practices. For a change of perspective, put yourself into the shoes of credit card companies and ask yourself what would you do under the following circumstances: Continue reading

Top 10 Internet Scams

We’ve started listing down various schemes and schemes, some of which are internet-based. There’s an informative article on Top Ten Internet Scams, which article is culled from an unlikely source – the Philippine Overseas Employment Administration (POEA). We’ve already listed some very useful government agency sites and we’re adding the POEA to the list. Here’s the full article, courtesy of the POEA: Continue reading

Credit Cards: Keeping Ahead of Runaway Credit Card Debt

A credit card is a wonderful tool that allows to transact without carrying wads of cash. Many people consciously avoid the “rule” to pay in cash whenever possible. Unless it’s cheaper to pay in cash, they use a credit card — but not any credit card. They prefer a credit card that accumulates rewards, free miles or free airline tickets. In other words, something is actually gained while using a credit card.

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BSP Circular No. 454, Series of 2004 (Full Text)

CIRCULAR NO. 454

Series of 2004

Pursuant to Monetary Board Resolution Nos. 1278 and 1328 dated 09 September 2004 and 16 September 2004, respectively, Circular No. 398, Series of 2003 governing the credit card operations of banks and subsidiary credit card companies is hereby amended as follows: Continue reading

Credit Cards and Unfair Collection Practices

There are a number of good reasons in favor of having and using a credit card. It’s like owning a gun – it’s really a matter of how you use it. I know, not because I own a gun, but because I’ve handled an international credit card institution for years. Continue reading