CREDIT CARD FOR BEGINNERS | CREDIT CARD 101 PHILIPPINES | What you need to know

[@XavierSmithSchwazenegger]

Key take away: "If you're responsible enough, then get a credit card. Otherwise, just stick with a prepaid or debit card".

[@marymarchel1528]

I’m so grateful I followed my heart to buy things from *johnsmithhacker* on telegram the dude made believe this whole thing I’m so grateful and happy at the same time I got my credit card From him with the balance of 8000$

[@davidsalas3588]

@@marymarchel1528 no thank you! Haha

[@rlmalonzo1184]

Thank you so much for this... I'm about to get a credit card as a fresh college graduate, you covered pretty much all the things I want to know...thank you, glad I've found this channel

[@Dan-fx8ho]

so happy to see a Filipina (and a Cebuana!) discuss personal finance in a more relevant setting. Thanks for this!

[@eliaria7764]

I wish I found your videos/channel before I got employed in 2019. I was really struggling on managing my salary on my first year of being employed even when I have a background in accounting and finance. So, just want to say thank you haha Keep making informative videos like this!

[@ninja_1OORacer]

Credit card means you spend money you don’t have, plain and simple. Here in America, having debt is normal that’s why when pandemic happened majority of them were worried about losing their jobs coz of bills. Having savings for rainy days is a must unless you want to be “normal” e.i in debt. Just my two cents. I’m sure same principle applies in the Philippines.

[@nikkicanceran2668]

Hi! So glad I came across your channel. I’m a newbie when it comes to personal finance as I just started really minding about money matters such as savings, investments, etc. I’m also planning to apply for my first credit card so this is really helpful. I hope you could make in-depth videos about investments for beginners like where and how to start especially with the pandemic going on right now. Thank you so much! I’ll definitely recommend your channel to my friends 👌🏼☺️

[@CharmdeLeon]

Nikki Canceran thank you, Nikki! I have this video kzbin.info/www/bejne/pH-VpZaImqmgqK8 but I’ll definitely make a more detailed one with suggestion on where and how to get started on investing ☺️

[@letterstoalice]

Was in a coma and it took me a while to wake up... to top it off, there’s a pandemic haha so I truly appreciate your videos ty

[@KAfNGET]

Its my first time applying for a credit card. Ayaw ko na kasi umuutang sa iba. However on top of this. natatakot din ako mag credit card kasi big responsibility din tlga pag may CC ka. But this video helped alot and made me feel confident with owning one.

[@samanthamari16]

I’m graduating from college soon and I found myself worrying more about how to adult lately. I’m so glad I stumbled across your channel. I take down notes as you discuss these topics!! Thank you. 😌 would also love to watch a get to know you video!! 🥰

[@CharmdeLeon]

Samantha Mari hi, Sam! Thank you, I’m glad my videos has helped you in some way ❤️ I can do a video like that, I’m just awkward when I talk about my self haha 😂

[@jess6859]

Been binge watching your videos for days now. I learned so much. Thank you so much!!

[@hyacinthanncasapao5441]

Thank you for sharing this. This is very timely for me since I'm thinking to get a credit card to use in starting a business.

[@jadieey]

Love this! I just got my credit card this month. Thank you for this!!

[@CharmdeLeon]

Janet Dawn Abines oh cool! What card did you get

[@holygrail_9766]

Im grateful for your channel. It made me inspired as an adult to save and track my expenses. I am learning on your channel everyday, it was like a routine for me to watch ur vids everyday 😘

[@janajoylipaen85]

I just recently stumbled upon your vlogs. Grabe, super need to especially for young adults like me. It's like taking a crash course in financial literacy. I agree that financial literacy must be taught in school too. But thanks to your vlogs po, may you continue to share your experiences and tips in adulting. Have a blessed life :)

[@CharmdeLeon]

Thank you, Jana! 🙏🏻 I agree, really need this in schools

[@debtfreeF]

thanks for the feature! :) so cool to see my name up there haha so important that people understand how to use credit cards the right way, because if they're used wrong then you're gonna be in very big trouble eeks

[@CharmdeLeon]

firecrackerfrance I’m literally watching your video right now! Haha, and yes! That’s why I wanted to emphasize to PAY THEM IN FULL EVERY MONTH hahaha! It’s such a common mistake to pay the minimum balance ☹️

[@debtfreeF]

@@CharmdeLeon did that once where i just paid the minimum (because I didn't know any better) and NEVER AGAIN haha big mistake

[@CharmdeLeon]

firecrackerfrance very common, banks try to mislead us on purpose haha 😂

[@marymarchel1528]

I’m so grateful I followed my heart to buy things from *johnsmithhacker* on telegram the dude made believe this whole thing I’m so grateful and happy at the same time I got my credit card From him with the balance of 8000$

[@chewwyjoythe5540]

Swak sa hinahanap kong content. Answered all my questions. Very helpful! Thank you miss charm!

[@CharmdeLeon]

Chewwy Joythe so glad to hear! 🤗💕

[@chewwyjoythe5540]

I hope makagawa ka po ng vlog about sa ibat ibang klase ng savings especially for college students like me.

[@CharmdeLeon]

Chewwy Joythe yes cge! I can do that ☺️

[@chewwyjoythe5540]

@@CharmdeLeon thank you! Im a nursing student po kasi. Naiisip ko po in case hindi ako makapag work agad after graduation, at least meron akong savings na magagamit. Looking forward to your next vlogs po! ❤

[@CharmdeLeon]

Chewwy Joythe you can start with GSave. It’s on the GCash app! Good interest rates, easy to make an account, and it’s bery accessible. If you don’t have traditional banks, I recommend you open one, too! DM me on IG if you have any more questions. I can reply to you there more. ☺️

[@whitty5684]

Thank u its so helpful,i just recently applied for a credit card and its a tier 1 . Glad that i was able to watch your video and i learned a lot ❤❤

[@JuanaBuding]

I wished I knew this on my 20's :(

[@ariacandecevlogs]

Very informative!I'm about to get my first CC for my business more power💕

[@biancadeguzman1999]

I was asking my Mom about the main difference between a debit and a prepaid card (I got confused). Glad I watched this video and I am grateful I finally understand it, keep it up!

[@CharmdeLeon]

Bianca De Guzman oh nice! Hope same kami ng answer ng mom mo haha! Before Prepaid cards are extensions. I got my first one as an extension from my mom, she loads it for my baon haha but now it’s evolving because of e-wallets

[@biancadeguzman1999]

@@CharmdeLeon that's good to hear! Maganda rin po ngayon ang e-wallet pero may cons pa rin (di naman mawawala haha). Same po kayo ng respond ng mother ko, pero mas naelaborate niyo po kaya naklaro na sa akin.

[@TheRajivShow]

Just today, I applied for a credit card with BDO but I saw this video before aplying thanks Charm this is really helpful!

[@richardongkingco9503]

This was a great video, thank you for explaining so clearly! Definitely a cool cat.

[@JanRenzoTiangco]

Great video! I love how informative and structured your videos are. I'm sure you are helping out a lot more people than you realize (including future viewers haha). Keep them coming ♥

[@CharmdeLeon]

Thank you! I’m glad you appreciate the video. Let me know if you have video suggestions as well! ☺️

[@johnpangan8866]

Finally a millennial's view on finances!

[@CharmdeLeon]

John Pangan let me know what other topics you want me to talk about! ☺️

[@XhiiaCardinio]

Hi sis! I like your cotntent, we are in same content sharing finance information for Millennials! Keep it up!

[@donniegumbanjr.4082]

glad that i watched this. Thank you for sharing information and ideas about CC. 🥰 now i understand how credit card works and banking finance info...

[@CharmdeLeon]

Welcome 😊

[@jhorineliwanag2201]

Ms. Charm request po for video about secured credit card because I am still a student,hence, no proof of income and such but i want to build credit history/score. I binge watch your videos and dami ko pong natutunan. Thank you po.

[@edram.5251]

This is the content I'm waiting!!!! YAAAYYYY

[@CharmdeLeon]

Edra M. 🤗❤️

[@marymarchel1528]

I’m so grateful I followed my heart to buy things from *johnsmithhacker* on telegram the dude made believe this whole thing I’m so grateful and happy at the same time I got my credit card From him with the balance of 8000$

[@VanCalapanoOfficial]

Thank you for sharing another helpful video. More power to you and keep safe always.

[@yokiejohncaparida4780]

Very informative, and i don't get bored during the discussion. Two thumbs up!

[@beariego7052]

I watched the whole vid! Very informative!

[@arnelsagcal4235]

Thank you for this. Really helpful and informative!

[@tomragmac7385]

Great video. You addressed all my queries about credit card

[@krism5575]

Thank you :) i like your vid. Straight to the point 👏💯

[@ghanador9014]

Very informative, though I'm still uncertain whether to activate my new card or not. This video really helps a lot specially for first timer's such as myself. Thank you and more power.☺️☺️

[@CharmdeLeon]

❣️❣️❣️

[@MAKEMONEYMARK8]

I wish there was a big love button ❤. This video is so awesome ❤ yes

[@CharmdeLeon]

JIM INCOME thanks, Jim! I just applied for monetization, btw! I’m excited!

[@MAKEMONEYMARK8]

Ready2Adult PH nice make sure to try the monetization hack in my videos to spend it up. 🤑

[@CharmdeLeon]

JIM INCOME definitely! Just watched your video on how much you got for July! Amazing!

[@MAKEMONEYMARK8]

@@CharmdeLeon I got monetized July 15. So after 28 days I got $110 so far. This is with 1000 views/day in the Money niche. Not too bad but I think I been doing YT for 250 hour so it's really like 15cents/hour haha. But I'm getting $3.50/day about now so it will be better.

[@CharmdeLeon]

JIM INCOME OMG I got approved just now! That’s amazing, I’ll also compute my per hour 😊

[@Rvinydvy]

Insane mouth movement honestly. Nice video. Really helpful.

[@pandabearsalvana5472]

Wow! This is so informative! Thank you!

[@shennaghaytacan4640]

Thank you for replying to my message. This video really helped me decide.

[@glecereefilomeno9652]

Ngano karon rako kita sa imo channel ate huhu grabe ka life saver 😭💓💓💓💓 More power! 💓💓💓

[@rechieestorgio5394]

Thanks! This helps me a lot! I'll be following all your financial advises , thanks po

[@christophergarciano]

I’ve learned a lot. Thanks for sharing Ms.

[@andreaaaso]

Thank you so much for this! Helps a lot. I've been contemplating for a while now if it's practical to get credit card or nah. At least may idea na ako on how to apply for one if I'll get one soon. More power to you, Charm! ❤️🥰 So glad for videos like these talaga.

[@CharmdeLeon]

Andrea May So I’m glad this helped! Let me know what card you decide to get if ever you do get one!

[@rjcdcr]

Learned a lot, thank you!

[@hackieagoncillo1577]

Precise and simple

[@luzvieestrada2451]

You got a new subscriber! Salamat kaayo sa pag-share sa imong kaalam. 😍

[@JosephActivate]

Very comprehensive. May I know if it's okay to cover the CVV number with a white tape?

[@CharmdeLeon]

Yes it’s fine. I also cover my cvc

[@angelica.r41]

Just recently found this channel and i'm so glad i did because i've been learning a lot from all these videos. Being new to adulting, the topics are very helpful and explained simply and clearly which makes it easy for anyone and everyone to understand. One question, do you have any specific credit card recommendations for someone who's getting one for the first time? (in terms of not having that high of an annual fee but has good rewards) Looking forward to more practical and informative videos! More power to you and your channel, Charm 😁

[@CharmdeLeon]

Angelica.R hi, Angelica! Thank you so much 😊 appreciate the kind words. It really depends in your lifestyle, do you shop online? Gas up? Grocery? Travel (in the future 😂)? I really like the Citibank cards but they’re harder to get into than others but you can try their CitiRewards, CitiSimplicity, Citi CashBack, or get one from a bank you have a savings account with for easier approval

[@alesana105]

Thank you. This video is very helpful. Keep it up.

[@Jur2993]

Thank you for this, keeping making videos. :) Liked and Subscribed.

[@ThonyTony17]

Very informative! Thanks!

[@roonaa1394]

1 thing I learned about having credit card, Be Responsible!

[@CharmdeLeon]

roonaa yes! Very important! And self control! 😂

[@gregmrubio]

Got my BDO credit card without applying for it. Thanks to you fir educating me about credit card. My question is, credit card also has password like our ATM card?

[@lorinalugatiman9356]

Same question

[@lorinalugatiman9356]

Sana mapansin Miss Charm

[@laika1290]

Super love this channel 😍

[@CharmdeLeon]

Lyka Janella thank you! Let me know what other topics you want me to do! ☺️🤗

[@marymarchel1528]

I’m so grateful I followed my heart to buy things from *johnsmithhacker* on telegram the dude made believe this whole thing I’m so grateful and happy at the same time I got my credit card From him with the balance of 8000$

[@princessmeganelsaa6677]

I'm focus to build my credit score Up 😊😊

[@lornavicedo5397]

Thanks a lot for info,,,nice one I learn a lot

[@HouseandlotNegros]

Thanks for this video I learned a lot!

[@KoKoKrunchhh]

Bakit kaya ganun, ako never naman ako nag apply for a credit card and yet I received one. Binigyan ako ng BDO, premium credit card (gold).

[@CharmdeLeon]

Yes they usually send out to account holders with good standing, you don’t have to activate it nman but I think they’re just hoping you use it haha

[@monkeyxmonkey1]

Buti kapa

[@sheapadayao5001]

SAME HERE SIR!

[@epic4real603]

Love it!!🥰

[@christinagunter9366]

great video! just what i needed as i wanted to apply for my first credit card. one question though, what do you recommend for a first credit card? is it better to choose one without the annual fee but with no rewards, or one that has an annual fee but with rewards?

[@CharmdeLeon]

Christina Gunter hi! My suggestion would be to get a card with a minimal annual fee like 1,500 or 2,500 (max), if you spend enough (240-300k/yr), you can usually get the annual fee waived, if not, they kind of pay for themselves in the forms of rewards, rebates, or the just the convenience of it. They’re pretty worth it in my opinion 😊

[@christinagunter9366]

@@CharmdeLeon thanks! that makes sense. might as well get something out of spending ;)

[@MegaKesha1997]

Tambay na ako dito sa channel na to 🙋‍♀️

[@CharmdeLeon]

Omg ako din! 😂😅✌🏻

[@cristlecatli2321]

Hi Charm! I'm Cristle. Ask ko lang about sa "balance" sa credit card na need bayaran in full. Ito ba 'yung amount na nagamit mo using the card, or the credit limit ng mismong card? Big thanks!

[@dahyunkim2919]

Thank you for this video, I really learned a lot

[@raymeaizon6191]

Great vlog very informative you got my attention!

[@wenzjayy]

@5:26 we have credit score po by credit bureau, The Credit Information Corporation (CIC), a government owned and controlled corporation providing credit information in the Philippines. others like CIBI, another private credit info which reports credit to CIC po.

[@VijayCAchun]

Thank you! So informative❤️

[@richarddalupang3095]

Very informative thank you 😊

[@CharmdeLeon]

Richard Dalupang thank you!

[@marymarchel1528]

I’m so grateful I followed my heart to buy things from *johnsmithhacker* on telegram the dude made believe this whole thing I’m so grateful and happy at the same time I got my credit card From him with the balance of 8000$

[@marymarchel1528]

I’m so grateful I followed my heart to buy things from *johnsmithhacker* on telegram the dude made believe this whole thing I’m so grateful and happy at the same time I got my credit card From him with the balance of 8000$

[@jelespinosa5552]

This is a big information. Thanks to this beautiful girl.😁🙏

[@adriandelapena417]

Wonderful presentation. Keep it up.

[@widenisabella1294]

*Fundsauce* !!!! Thanks for your working and hitting sauce 💯

[@josephplacido6883]

Bat ngayong ko lang napanood ito.... Ang laking kaalaman sana nuon sakin ito

[@cloudkianibanez1542]

I'm a teenager who's getting ready to be an adult, watching how a credit card works and how to build on credit score, only to find out, here at this channel that there's no such thing as "building credit score" here in the Philippines WAHHAHAHHAA rip

[@CharmdeLeon]

Cloud Kian Ibañez haha! Yes, there are credit score trackers starting to emerge, but definitely not the normal thing yet. But technically, you can “build credit...history” haha so it’s still important

[@cloudkianibanez1542]

@@CharmdeLeon thanks for these type of contents. I was watching about Credit cards earlier as part of my financial education program for myself, then I came across your channel and understood more about these stuff in filipino, I've watched couple of your videos already and I must say, It got me really inspired and I am amaze at your intellect about money. May books ka po ba na ma re-recommend for me? And what is the book that really got you inspired po?

[@Bonbon_182]

Hi, love this video. Very informative. I'm new to CCs and I'm eyeing to apply for the Metrobank M Free Mastercard. It says that it has no annual fees. Question, if I did not spend using my CC for month/s, is there any charges that I have to pay?

[@CharmdeLeon]

No charges 😊

[@chandlersantos9129]

Can you elaborate on the difference in debit card vs credit card when you dispute charges? Or is there alr a video?

[@raymondpalaganas9299]

Galing! Very helpful sa totoo lng. Save us time to do more research about cc. Now my concern what bank to have a cc. Working in BPO Charm! What do u recommend?

[@ronlex2010]

Great vlog! Informative! 👍

[@CharmdeLeon]

Thanks! Good insight about the world elite card 😂

[@marymarchel1528]

I’m so grateful I followed my heart to buy things from *johnsmithhacker* on telegram the dude made believe this whole thing I’m so grateful and happy at the same time I got my credit card From him with the balance of 8000$

[@rosetteentico7908]

I'm planning to get one but i have question, is it also like a Home Credit that you can pay by installment or once you borrowed money you need to pay it full in a month?Thanks

[@CharmdeLeon]

You can have it in installments also. There are 0% installment options, but meron din with interest similar to home credit.

[@wanwanngpinas8459]

Hello😁 what are the credit cards you suggest for the first time users or plaaning to get one?

[@CharmdeLeon]

WANWAN NG PINAS I’d go for like a Citibank Simplicity/Rewards/Cash Back or a Credit card where your bank (Check here : www.citibank.com.ph/share-rewards/?media=0601982698&scode=RBSBMBAM&ecid=MGCPBPHCCAENRF)

[@wanwanngpinas8459]

Thank you maam, Ill check po😁

[@wanwanngpinas8459]

Hello agian maam, may i ask if you would compare the PNB ZO-LO ?

[@CharmdeLeon]

WANWAN NG PINAS you mean the Ze-Lo Mastercard? It’s great for first time users! Zero fees and very flexible.

[@wanwanngpinas8459]

@@CharmdeLeon yes po, yun po..first timer po ako. 😁

[@PrincessMeganElsaBoo]

My goal build my credit score up ☺️☺️☺️

[@madelmabacyao78]

This really help me a lot. I just want to clear, I wont get charge for anything if I choose Tier 1 as my credit card type even if I dont used it (commonly questions from friends) since there's no annual fees? Im planning on getting credit card for emergency purposes only. Thanks for answering!!! 💓 I have watched all your videos about investing! 💓 Thank you so much

[@CharmdeLeon]

Yes, you don’t get charged anything. If you don’t use it, or if you use it and pay in full. There are tier 2s also that have no annual fee for life promos like Citi Rewards right now : bit.ly/3kXaoqH (double check info page if I’m right)

[@paupaulici0us31]

Thank you Ms. Charm :)

[@raeannesapuan4498]

Thank you for sharing

[@rojournal]

What if you didn’t spend anything with your cedit card for the whole duration of one month? What will happen? Is there a fee?

[@CharmdeLeon]

Duchess Page no fee. Balance would be zero

[@monmon-sx5cj]

@@CharmdeLeon so magiging zero ang balance ?

[@julieannesamuela-malapit1148]

Very helpful

[@donitamariesandoval89]

Hi, do you have an idea what are the requirements? Like example I work as VA /hombased. Thank youu :)

[@CharmdeLeon]

Donita marie Sandoval you would be self-employed and would need business permits and ITR. I have heard on several occasions that online jobs proofs of income aren’t accepted by most banks.

[@ralphc7654]

I agree.

[@raymichael8628]

Hi, I'm just wondering how much is the credit limit for basic CCs? I'm trying to get one soon. Thanks!

[@CharmdeLeon]

Usually around 10-30k is the starting limit

[@hustlas4ever]

Thanks.

[@wakoko156]

Please make a video on how to apply for a credit card if you have become part in the NFIS and how to get out of it. Thanks! :)

[@CharmdeLeon]

If you keep getting denied to get a CC, try a Secured Credit Card first.

[@karlaannmangampo2390]

Hi! when you apply for credit card does the bank call your employer to confirm? Thanks in advance if you ever saw my comment. :)

[@arcvera]

Thank you very much ☺️

[@christianq.sukhwani8531]

Love this video big help for young adult! New subscriber here.

[@CharmdeLeon]

Yaaay! Welcome, Ka-adult! 💕

[@christianq.sukhwani8531]

Thanks! This is the content we need. Very helpful and informative. Keep up the good work!

[@allyzatumaque6253]

Thanks i am 21yrs old starting my business but i don't have enough money . Unionbank keep calling me these days to apply for a credit card i am considering it

[@CharmdeLeon]

Allyza Tumaque I usually don’t encourage starting a business with debt, but if you can pay your credit card in full every month from your sales, (like but grocery and cook and sell those) then it’s okay.

[@CharmdeLeon]

That’s called leveraging debt. And as long as you don’t skip paying in full. It should be okay

[@allyzatumaque6253]

I already started my packaging business months ago but i don't have enough stock here in the ph (always sold out) since i import products from china it usually take 1 month to arrived . Need ko ng money para mag stock pa para tuloy tuloy yung kita .

[@allyzatumaque6253]

Anyway i will share your videos with my friends nasa adulting stage na kami hope this would help them . 💗

[@CharmdeLeon]

Allyza Tumaque that should be okay. Start with a small spending limit :)

[@reygene6920]

Do you have a video on how to apply credit card online?

[@glezzelhernandez2842]

Hello, thank you for sharing this video. I'm just starting to learn about credit cards if it's really good to get one. On the video, you mentioned about the cashbacks and promos that credit card companies give. But the thing is, there is also an annual fee. Is it worth it to have the promos when there is annual fee? Because I'm thinking that I just paid for the promos that they will give me. Please enlighten me. 😄😅

[@ellaecija46]

Hi, I have a question, once you activated your credit card will it be the start of your billing cycle?

[@CharmdeLeon]

It will follow the billing cycle in the envelope/letter you received

[@rddcc.9627]

Sa experience ko po sa fraud charges mabilis nga magdispute matagal naman mareverse..

[@beingstupid7183]

Hi. I am an OFW who plans to return to the Philippines in November for good. I have credit cards here abroad but none in the Philippines. I tried to apply several times before when I was in the PH but had no luck getting approved. I have multiple subscriptions where I use a CC, but since I am going back to the Philippines I don't know how to continue with those subscriptions without a credit card. Has anyone here had a good experience where you got approved quickly? Do you have any suggestions where I can apply as an OFW?

[@UzuMacky23]

Thanks for the info mam

[@jkrisduran]

The shortest path to wealth is no debt at all- dave ramsay

[@SirJC0513]

WOWWWW SO GOODD!!!!