💳 Credit Cards for BEGINNERS | vs Debit Card, Pros & Cons, How to Apply | Credit Cards 101

[@NicoleAlbaYT]

I know a lot of people are scared of credit cards, but I personally think everyone should have one because it's a super useful money tool! I got my first credit card almost two years ago and I think I've learned enough to make a video explaining how it works 💳 Hopefully this video levels up your finance brain powers and helps you guys understand credit cards better! I'll make more credit card videos pa so feel free to comment other questions you have 😄✨🍞 - How I got a Credit Card as a Student (2020) - kzbin.info/www/bejne/rXraYYOQrtx_pNU - Get 1 month free trial of Skillshare: skl.sh/nicolealba03221 💳 Apply for Citibank Credit Cards - Rewards bit.ly/3upS68U - Simplicity+ bit.ly/3Gq9Ao7 - Cash Back bit.ly/3uxoGpk

[@bellebacol-aguilar1741]

This was me. But decided to get one after 5 yrs of working! But you need to be mindful in using it, dapat budgeted pa rin para hindi laging one time millionaire 😂

[@dongshengdi773]

@@bellebacol-aguilar1741 All credit cards are scams . If you don't know that , then go ahead and get scammed 👍

[@drossano9794]

pls marry me :D You are increasing my finance IQ and making my life a lot better, literally used to make the worse financial decisions lol. Thanks!

[@aliloreno]

Hi @Nicole ! Where do you typically see the details on the rewards and value of the card?

[@wigglygaming2742]

Hi Nicole, I just want to ask that which one is better to use BPI or PNB and on credit or debit. Since BPI and PNB are the only option for my salary to be received. This money will only be used to pay for my tuition. How much money should I spend, like I shouldn't spend everything that this card have for my tuition right? Is there a percentage limitation to spend? Does my question make sense lol

[@isebalee1671]

I got a pre-approved cc from BDO with a six digit limit last year. I was 21 then and still a student (til now). Bc of that, I learned how to use it responsibly. It actually made my finance system more organized and I became more disciplined, contrary to the preconceived notions. I always pay in full before the due date. Good thing also, I got the No Annual Fee For Life 💖 Kaya wag matakot sa cc, you can use it to your advantage!

[@review010]

Since may minimum base income requirement, ano po ba work nyu or things that you did to get appproved?

[@isebalee1671]

@@review010 I really didn't apply for it. BDO just sent me one without my consent lol 🤣 But as a background, I usually have a consistent cashflow, around 12k per week (got it from SEO freelance work). I don't store my money sa BDO savings acc kasi ang baba ng interest hahaha pero maybe my cash flow was their basis kung bakit pinadalhan ako ng cc.

[@paulaleitating6202]

How did you get the no annual fee?

[@yourlostacecard]

*Hi, how did you get the NO ANNUAL FEE?*

[@welmerbolotaolo3802]

How did you get the No Annual Fee For Life???

[@rainsarchive1460]

Great video. I got Platinum Master Card from Union Bank. My only advise when you have a Credit card is “Spend it wisely”

[@filipinoinvestors3102]

Thank you for your tips Nicole. I love your videos. :) Because of your videos, I started using credit cards. After 2 years of using it, I decided to apply for a credit score report last February 2022. I got a score of 800 which is low risk. I feel more confident that I am on the right financial journey, especially with the banks and other lending institutions. Thank you for inspiring me with your videos. :)

[@什麼應用-c6q]

.Hi

[@shanmuganathanm2384]

1st comment from India❤️Although some of your videos on crypto cards and other finance doesn't apply for me, I'd still love to watch and feel your vibe, Nicole😇

[@NicoleAlbaYT]

Wooow amazing!! Sending you good vibes all the way there in India. Super glad that my videos have been helpful to you even though I'm Filipino. Thanks for the support Shanmuganathan 😄✨💙

[@shanmuganathanm2384]

@@NicoleAlbaYT I'm referred as "Shaan" by folks who are from other parts of the country - just in case if you felt my fullname is difficult to get used to, Nicole 😅😉

[@zachdulnuan6398]

@@NicoleAlbaYT ate nagpagupit ka po ba? 😅 parang mas shorter po yung hair ninyo eh 😅

[@kimmyestrada2799]

Hi Nicole, I dont know if its just me but listening to you speak in english feels like listening to a full tagalog video. IDK you speak so good!!!

[@KrystalXMaiden]

Great intro to cc video! I really hope that more Filipinos get knowledge on personal finance so that the stigma against credit cards would stop. Credit cards aren’t bad, only people are bad :) if the user isn’t responsible, then you’ll really get into debt. I have been using credit cards for a few years now, I have never paid for any fees and always got my annual fees waived. I even have a few credit cards that are tagged as “no annual fee for life” and have some points saved up for free roundtrip flights once more countries open up for travel. Looking forward to more credit card videos cos I’m always eager to learn. Thanks, Nicole.

[@NicoleAlbaYT]

Yep!! Haha credit cards are TOOOLS and ang saya ng rewards and promos 😆 Thanks Krystal 😁✨💳

[@Moa_Smug]

@@NicoleAlbaYT I heard from people from other countries na may types of credit cards na walang annual fees, can u please make a video about that? Kc hindi raw lahat ng credit cards may annual fees.

[@gerardovasquezjr.2214]

I like this video a lot. It's like Finance 101 class. Keep it up Nicole!

[@JustNam66]

Yay! Got my 1st credit card from Amex Platinum Cash back. Very useful po if you own CC but always remember to be mindful of your spending, still be responsible parin! Thank you sa tips po. Great video! ❤️❤️❤️

[@maelyenkayebanzon8978]

ate!!! not content-related but thanks to you, I got conscious of my cash flow and I was able to open my personal savings account. started with 75 centavos for Gsave cos that was the only money I had on my Gcash back then. now, I have 3 savings accounts. more learnings from you and more power on your channel. ily

[@earlcosajise6448]

I'm actually paying attention in every word that you are saying u r so gwapo (cool) when you speak and I can literally like literally understand every word that comes out of your mouth. thanks for the tips!

[@debielynclamosa6093]

I used to fear credit cards because of the interest charges and annual fees. However, now, I feel more financially literate.

[@jaysoncapate4456]

So Helpful! Imagine this is a 1 year old video 😊 thanks!

[@cirocsprite]

this is very helpful, i just received my first ever credit card from BPI

[@blouecore]

im happy I see your yt since im so interested about money or financials, I love the way you explain it well. thank youuu♥️

[@curtwong7921]

Great video! Sana next video is all on how to improve credit score/rating.

[@NoryabLeuname]

Appreciate the insights. I was about to apply for a credit card, but I realized the importance of refining my spending habits first. Gotta get that financial balance before diving in hahahaha. Continue your excellent work; your content proves incredibly beneficial. The insights you provide are truly valuable and make a significant impact on understanding various subjects. Your efforts are highly appreciated, and I look forward to more insightful content in the future. ❤❤❤

[@christianjamesquibral5839]

The last time I watch your tutorial un ung time na nagsisimula ka palang sa SCC and ginawa ko din sya hehe and now madami na rin akong approve regular cc

[@joeljohncarino7759]

you got me at "adulting vibes" and "like a boss," I'm getting one

[@MoneyMalayalam]

Informative ❤️

[@julyuhhh6385]

Thank you, thank you.I've been searching for a while now sa ganitong detailed video but wala akong mahanap.Finally, mas naintindihan ko na rin mga kaibahan nila.

[@什麼應用-c6q]

.Hi

[@sheenalynmaglasang272]

Hello Nicole, I got my citi rewards card last June 6, I opted to get the citi card because of its rewards but because of your topic regarding the reward-to-spend ratios i got confused. I have a hard time understanding it. Could you elaborate a little just so i would know which among the cards offers the best rewards. 😁 Thank you.

[@eyndyel]

Your video is the BEST so far - among all the credit card 101 vids💕

[@NicoleAlbaYT]

Nice haha thank you!! Glad that it’s easy to understand 😄✨💙

[@vipjacq]

When I resigned from my previous work where we used BPI for payroll, I continued using my BPI debit card as a savings account. Around 2 years later, BPI offered me BPI Gold because of my stable and continuous transactions in my payroll/savings account. And that is me not owning any credit card before even a secured credit card.

[@LuKaa316]

Hi, did they call you or just sent you the card?

[@cyyy5019]

Thank you for this wonderful and very informative vid!! Looking forward to more CC vlogs~ I'm planning to get one in BPI pero hindi pa ako sure kung mag SCC ako o lalakasan ko yung loob ko mag apply sa regular CC hahaha 😆 Suggestion lang din, if u have time to create vlogs about installment house loan or any related stuffs, I would really be grateful. Thank youuuu

[@NicoleAlbaYT]

My BPI is an SCC kasi nireject nila ako when I tried for a regular card haha. Try mo for a regular card muna baka swerte and they’ll approve! 😄💳

[@savage_0217]

Go with BPI although medyo tumaas na yung holding amount nila from 10k before to 35k as of today already, bpi will never fail you if you used it as a reference if your planning to apply for regular credit card.

[@cyyy5019]

@@savage_0217 Omg 😧nakakahinayang naman. dapat pala nag avail na ako dati ng SCC na may holding amount na 10k. Anyway, thank you for this info.

[@hyzerotaro8737]

Great video, learned a lot about the CC card from your vid, keep it up girl !!

[@shadedwizard8566]

I've never gotten a credit card but since I'm turning 18, I will get my 1st credit card but the thing that I don't understand is how u pay ur money back. If u have money in ur bank account, the debt gets payed automatically or how does it work? I'm a little confused.

[@almaikyagh]

Credit cards are indeed a game changer. I'll try one myself

[@hyunjinki1995]

3:20 not always a case Some times they just put it just to catch it’s more of an a business thing Specially when Citibank migration to UB

[@jbbautista3623]

Ate Nicole inspires me to do well. 😊

[@NicoleAlbaYT]

WOOOT! Yehes let’s all do our best every day 😄✨🍞

[@keana5763]

I like how you explain everything. Madami akong natutunan sa video na to. Glad napunta ako sa channel mo. Sa dinami dami ng pinanood ko. Ito lamg nakasagot sa tanong ko. Thank you so much. Keep it up!

[@itsmePapaLeids]

Thank you for this comprehensive video! Great help! 😊

[@racquelc2772]

THE BEST INFORMATIONS ABOUT GETTING CC I HOPE MY NIECES WOULD HEAR THIS FROM YOU

[@johnrexcruz6296]

Galing mag-explain, very clear and concise!

[@patrick9177]

How do you pay your credit balance? from your savings account or an over the counter transaction with the bank?

[@misskeeshiaaa]

Just a video that I needed. Been contemplating about getting a CC.

[@rostumcristobal9710]

Finally, been waiting for this. 🥳

[@NicoleAlbaYT]

WOOHOO yez Rostum nandito naa HAHA 😄✨

[@rostumcristobal9710]

Thanks for this great video. But I do have a question, is it good practice to use a credit card for monthly bills? 😁

[@michellewingsantsang8344]

exactly what I needed! thank you so muchhh, Nicole!

[@minamomo12]

this is so informative! thank you

[@vanessamarinas]

thanks for this video! very helpful and i learned a lot about credit cards

[@classinick]

Very detailed, direct, complete information. Good video!

[@review010]

Just want to thank you for your vids. These are quite helpful especially where you have to face growing up na. Sheesh. Keep posting videos like this. Looking forward for more

[@debielynclamosa6093]

This is my first time to apply for a credit card. The agent offered me a Citi simplicity card. But since you mentioned about the rewards card (2nd tier), I would like to request for an upgrade. The application is still ongoing. How can I request to waive annual fees? Thanks!

[@alanisfaz4504]

How do you pay for you credit card? Parang debit din ba? Mag dedeposit ka sa bank sa due date? Yung credit history po ba nagpapile lang kahit magupgrade ka ng credit card? May minimum spend ba sa credit card like kailangan mo sya gamitin every month at certain amount or pwede syang matiwangwang lang and walang mangyayari? How do you not pay for the annual fee? Credit card sounds so scary para sakin HAHAHAHAHAHA

[@NicoleAlbaYT]

Ang daming questions HAHA but that’s good!! Yes so madaming ways pwede bayaran ang cc bill. You can pay via bills payment tab sa bank app, sa physical branch ng bank, bayad centers, meron din sa GCash and other e-wallets. May bills payment for certain CC's din sa Shopee and Lazada! As for credit history meron tayong institutions like CIC at Transunion na nag-aassess ng credit records natin. Walang minimum required spend kahit hindi mo gamitin ang cc it’s fine. You won't get charged if you don't use ur CC haha, pero may annual fee pa rin per year. For waiving of the annual fee, sa mga lenient na banks u can call them ask to waive and they usually give u a minimum spend requirement na kailangan mong gawin. Tulad ng BDO Visa CC ko, pinaspend ako ng 3-5k yata within 1 month tapos ni-reverse nila yung annual fee. I’ll talk about this in my future videos! No need to get scared sa CC haha simple lang siya actually 😄✨💳

[@alanisfaz4504]

@@NicoleAlbaYT omg thank you so much!!!!! Glad we have you 😭😭😭😭 we'll stay tune sa future videos paaaa!!!!

[@lenniejoaquin7091]

yess i need this! been planning to get it soon!

[@ddddaaddaaaa]

i guess I'll stick to my CDC card. and you don't have to top up with crypto. you can just buy the currency of your card. i mean top up the fiat currency to your card. in my case it's SGD. thanks for the information.

[@anammorar]

Thank you for this life lesson. I'm learning with my parents & you 😁

[@什麼應用-c6q]

For profitable investment👆

[@xyzeee0619]

My first credit card was Premium Tier na pla. I didn't know until I watched ur video 😮

[@hyunjinki1995]

13:11 begged to disagree I’ve been loyal customer of BPI and been rejected several times and worst part I’ve lost cash on my savings account and the bank seems like don’t like to pay for it or reimburse for it And I got my credit card with my 3rd (traditional/ physical) bank with UB after just a week or so applying my debit card with them I got approved

[@everchann]

Hello po, paano po kapag 18 years old pa lang po? Saan po kami pwede mag open ng account?

[@TheSonnyGo]

"If you are paying interest fees, papaluin kita!" I felt that... 🤣

[@lmc.lezarcus]

Can you make a video about the rewards system you talked in the last part of the video, please? Thank you!

[@dkackerman4103]

Bakit ngayon ko lang ‘to napanood? 😭 I’m one of those people who have negative perception about credit cards, that’s why I refused the offer of Metrobank to avail one with easy requirements/process.

[@axiskunst1004]

How about prepaid cards??

[@MEME-memesque]

That's literally just a debit card?

[@paolo7390]

what's the usual credit card limit for new credit card owners?

[@diegofrancisargie7108]

Hi within a year pa ba marereceive ang annual fee then tsaka ipapa waive or habang nag aapply pwede na po pa waive

[@kevinstotomas-cf4zu]

Very informative. Thank you! I wish you would have explained more how annual fees work. Like, how to not to have to pay them. Hehe Awesome video nontheless!

[@fall1715]

im scared of the annual fees since hindi naman ako lagi humagastos i dont know how to waive it

[@psd504]

Your haircut suits you! Thank you for another informative yet digestable content!

[@NicoleAlbaYT]

Yie haha thank you Precious!!! 😄✨💙

[@reddy1917]

Hi Nicole! Off topic but what mic are you using? Thanks!

[@renzoaldridgequiballo9089]

The information is extremely useful; make a credit score video, please.

[@ajc.lozares]

Damn, I should've discovered you sooner! New subscriber here. I like how very informative and concise this is.

[@JB-sz4wy]

Credit card is fine for small to medium purchases if you can pay off the balance it may even give benefits. I use debit because I'm too lazy to pay the balance. Most people on the other hand use credit to borrow or make the large purchases which is stupid because there is lots of interest charged that way

[@linzi98]

She is so cute I had to subscribe, not only are the topics and content very informative, she's also witty and cute--I just can't. HAHAHA

[@emil-cg9qb]

Very clear explanation 👍🏻

[@ItsMissShopaholic]

Hello ate! Lost soul here Planing to get my first cc, and is looking at all my options. Paano niyo po kinuha yung RTS Ratio sa excel ninyo? HAHAHAH

[@IamJAPH]

Dude I've learned a lot!

[@gelo8649]

Content for best credit card to apply for. Ano or sang bank pinakamaganda magapply ng atleast beginner CC. Planning to get one kaso diko alam kung sang bank pinakamaganda. Thank you!

[@什麼應用-c6q]

,For profitable investment👆

[@raijin7044]

So let me get this straight, owning and using CC doesn't immediately give me an interest for my money spent? Say I spent 10,000 on a phone, as long as I pay it in full for the month, I will only be paying 10,000? Not one peso more?

[@o_o6869]

she is quite a lovelable personality

[@isma0515]

Sobrang takot ako umutang or magka credit card. But my bank sent me one, siguro dahil na-detect nila na laging may laman or hindi nababawasan yung payroll account ko, it's up to me daw if I'll activate it and it's free annual membership for my first year of having it. Super takot ako but your video took away my fright. Thank you.

[@jeanchristophe7159]

Thanks for the time you put creating this vid. Really appreciate.

[@什麼應用-c6q]

For profitable investment👆

[@arleooooo]

i needed this rn! thank you 😍

[@flaurelkim1524]

Eto na yung iniintay ko about credit cards namn yass🤧😍

[@NicoleAlbaYT]

YAAAS hopefuly nakatulong ang video hehehe 😄✨💳

[@jhontrinidad6058]

Thanks for this, Ms. Nicole! :)

[@coffee.maytte9501]

Thank you for this

[@rommelitodeguzman]

Ma'am as a current bsmt student and future seafarer what bank and what kind of bank account should we get. Should we use credit or debit?

[@wigglygaming2742]

Hi Nicole, I just want to ask that which one is better to use BPI or PNB and on credit or debit. Since BPI and PNB are the only option for my salary to be received. This money will only be used to pay for my tuition. How much money should I spend, like I shouldn't spend everything that this card have for my tuition right? Is there a percentage limitation to spend? Does my question make sense lol

[@kyruuuuh]

Another thing that's scary about owning a cc is when it gets hacked. The cc of my acquaintance got hacked. I'm not sure if it was disputed. Malaki pa naman amount. Imagine paying 50k sa transaction na di mo naman ginawa TT_TT This is the reason why I'm hesitant on getting a cc. Na-hack yung physical paymaya card ko. Lazada confirmed that the transaction was not mine but Paymaya did not dispute it!!!

[@NicoleAlbaYT]

If you can prove na hindi ikaw yung gumawa ng charge, you can dispute it naman. In my experience wala pa akong fraud charges sa card ko, so be extra careful nalang sa CVV at OTP ng card at mga websites. PayMaya card is a prepaid card kaya mahirap talaga minsan i-dispute kasi automatic na-deduct yung amount sa balance mo. If CC, naka lista lang siya and you have the opportunity to review your transaction summary muna before you pay your bill. So mas “safe” pa rin talaga ang credit card vs debit card or prepaid card.

[@pajoreyhena2746]

nakaka pag pondo ba ng money sa credit card? Thank you!

[@motherofcats7022]

Thanks so much for this!!!! I was looking into cc :)

[@markaaroneugenio4036]

Thanks for this! Kailangan na kailangan ko to :(

[@jenniepark4858]

Is bdo amex good?

[@Krakatawa84]

Magdedeposit kaba po ba first before nila ibibigay ang creditcard sayo?

[@rod5532]

A bank approved my application for my first ever cc. Question is Can I use that cc to have installement that has full payment price higher than my credit limit? Thank yoi for answering.

[@Louie.Oxford]

sorry nalito ko sa RTS ratio 😅😅 the lower the better ba?

[@thereseannearmamento6022]

Hi, Nicole. Great video as usual. I have a question, would it be better for a beginner to own a saving account before proceeding to apply for a cc in the same bank?

[@foryoubyedz]

For me yes, ayun yung nangyari sa akin sabdo.

[@jericho1836]

Yes. I have a savings account with BPI and applied for a cc and got approved.

[@irish1613]

@@foryoubyedz range amount po nung naka save sa bdo para maofferan kayo?

[@dandorable]

I have a savings account in BPI. I did not apply for a credit card. The bank asked me if I'm interested in having a BPI Credit Card.

[@louiejayjayme8095]

Hello po, May question lang po ako regarding sa BDO Shop More if alam nyo lang po, based on research pwede ma i-waive yung annual / monthly membership fee, paano po ba gagawin yun sa BDO Shop More CC? and if na i-waive mo na po ba lifetime na po ba yung free membership mo?

[@frebs141]

Thanks! Helpful po

[@shimipie]

Hello, is it possible to request a video which credit card is best to have? Hope that you'll be able to read this. Many thanks.

[@reginaldc.08]

If you really need cash, instead of getting a cash advance, you can cash in sa Grab using your credit card then transfer that amount to your bank/e-wallet then withdraw hehe

[@NicoleAlbaYT]

Nah you can’t do that. Top-ups done on GrabPay with a credit card are non-transferrable to other banks and e-wallets. You can only use it for payment if ever you top up with a credit card 😅

[@reginaldc.08]

@@NicoleAlbaYT ohhh okay. So yung existing balance ko pala yung na-ttransfer ko 😂 thanks!

[@ondieflorano623]

incase you wan to know this, my credit card limit is 150k but i have to spend 700k in a month so i put 800k on top of 150k cc limit and guess what bank called and threated to cancel my cc. but i have to do it again so i put another 800 k for next month expensed and spent another 700k ... story my cc is now cancelled :-)

[@什麼應用-c6q]

For profitable investment👆

[@NurHidayah-sr5se]

nicole what if gusto mo ng ipa cancel para di na mag bayad ng 2nd year annual fee, anong gagawin po?

[@trishalyncetenta3495]

Hello po once po ba nagavail ka na g credit card kanyre 30k tlga laman nya then syempre mabbwasn mo pero u will pay nmn sa due date . As is napo ba ang laman nya 30k babalik sa ganun? medyo confuse wla pa experience. I mean pag nagapply ka ng credit card may laman na tlga sya ? depende sa choices mo na types of cards?

[@albuquerqueturkey1567]

Crazy 🤪 intro song 🎵

[@bellelanaria]

Are there any credit cards with no minimum amount to spend per month?

[@kn-tr2gt]

Ff. Hi po, I have a question, I'm still confused about the minimum spending requirement. Let's say I purchased a phone and then decided to pay it in installments. I pay the bill every month on time, but I don't meet the minimum spending requirement. Will there be any consequences if I don't meet the min spending requirement monthly?

[@theratyes]

What country are you from? I love your accent!

[@heins6157]

I bought a Rolex watch for a friend when I was abroad using my CC. Got a free fight to SG😄

[@什麼應用-c6q]

,For profitable investment👆

[@kliffordreloj7113]

Ano naman po yung minimum credit? Supplementary lang po ako tapos $3,000 po and minimum credit, it means dapat maka spend ako ng at least $3,000 for a month or year?

[@Rain-fg3xh]

Di ko pa tapos ung video pero naoool, may bpi gold habang estudyante pa lang haha. Soon tataas din annual income! 🙏🏻

[@NicoleAlbaYT]

Secured credit card siya!! Haha di siya regular so kinailangan kong magdeposit para makuha. Reject kasi ako when I tried applying for a regular one HAHA 😆 Pero try kong ipaconvert soon para maging regular credit card. Kaya mo rin yan!!! 💳✨