How to apply to BDO Unibank Standard Mastercard Credit Card

The BDO Standard Mastercard is positioned as an “Everything, Everywhere Card”, offering a blend of convenience and rewards to its users. With this card, every P1,000 spend earns two Peso Points which can be converted to shopping credits at SM Retail Stores. Moreover, the card is well-suited for secure online shopping, adding a layer of trust for digital consumers.
BDO Unibank Standard Mastercard Benefit
The BDO Standard Mastercard is designed to offer a blend of convenience, flexibility, and rewards to its users, catering to a wide range of everyday needs. Whether it’s shopping, dining, or traveling, this card comes with a set of benefits that enhance the overall user experience. Here are some of the top benefits explained in detail:
Free First Year Membership
The BDO Standard Mastercard comes with a complimentary membership for the first year, reducing the upfront cost for new cardholders. This feature allows individuals to experience the benefits of the card without an initial membership fee, providing a cost-effective entry point.
Flexible Installment Programs
Financial flexibility is a key feature of the BDO Standard Mastercard, with installment programs that allow cardholders to manage their spending in a way that suits their financial situation. This feature is particularly beneficial for making larger purchases more manageable over time.
Reward Earning
Cardholders can earn two Peso Points for every P1,000 spent using the BDO Standard Mastercard. These points can be converted to shopping credits at SM Retail Stores, providing a rewarding shopping experience. The more you spend, the more rewards you earn, making everyday purchases more beneficial.
Wide Acceptance
With acceptance in over 20 million locations across 275 countries, the BDO Standard Mastercard is a reliable companion for both local and international transactions. This wide acceptance ensures that cardholders have the convenience of using their card wherever they go, making it a practical choice for travelers and those with varied spending needs.
Secure Online Shopping
In a digital age where online shopping is prevalent, the BDO Standard Mastercard offers secure online transactions. This feature adds a layer of trust and assurance for cardholders when making online purchases, ensuring that their financial information remains protected.
Special Treats and Deals
The BDO Standard Mastercard offers special treats and deals for regular payments, enhancing the overall shopping experience. These perks offer added value and savings, making regular purchases or payments more rewarding. Whether it’s a discount at a favorite retailer or a special deal on a service, these treats provide additional benefits that extend beyond just the basic functionalities of a credit card.
BDO Unibank Standard Mastercard Prerequisites
To apply for the BDO Standard Mastercard, applicants must meet certain eligibility criteria and provide necessary documentation. Here are the prerequisites and the process for application:
Age Requirement:
- Principal applicants must be between the ages of 21 to 60, while supplementary cardholders must be at least 13 years old.
Citizenship/Residency:
- Applicants can be Filipino citizens or foreigners who are residents of the Philippines.
Income Requirement:
- There’s a minimum gross monthly income requirement of PHP 15,000 for applicants.
Identification Proof:
- Proof of identification is required for both primary and supplementary applicants.
Credit History:
- Building a good credit history is essential for approval. It’s advisable to settle all existing debts, maintain a good credit profile, and possibly open and maintain a big savings account with BDO to increase the chances of application approval.
Meeting the above prerequisites and following the application process will set applicants on the right path towards obtaining a BDO Standard Mastercard.
About BDO Unibank Financial Institution
BDO Unibank, Inc., commonly known as Banco de Oro (BDO), is a prominent financial institution in the Philippines, offering a wide range of banking services and financial solutions. BDO Unibank provides savings accounts, checking accounts, foreign currency savings accounts, debit and credit cards, personal and corporate loans, derivatives, and life and non-life insurance solution. BDO Unibank is a publicly listed company on the Philippine Stock Exchange, trading under the symbol “BDO”. This indicates a level of transparency and regulation that comes with being a publicly-traded company. BDO Unibank is part of the SM Group, a conglomerate with various business interests in the Philippines, which provides it with a strong backing and network.
Who is the BDO Unibank Standard Mastercard for?
The BDO Standard Mastercard is geared towards a wide spectrum of consumers, particularly those seeking a blend of convenience, flexibility, and rewards in their financial toolset. Here’s a more detailed breakdown of the customer profile for this card:
Everyday Spenders:
This card is ideal for individuals who have regular spending on groceries, dining, or other day-to-day purchases. The reward earning feature allows these everyday spenders to accumulate points that can be redeemed at SM Retail Stores, making the card a rewarding choice for routine expenditures.
Travelers:
The wide acceptance of the BDO Standard Mastercard across millions of locations in numerous countries makes it a practical choice for travelers. Whether domestically or internationally, cardholders have the convenience of utilizing their card for various transactions.
Individuals Building Credit:
The card serves as a good stepping stone for individuals looking to build or improve their credit history. The manageable income requirement and the option for both primary and supplementary cards allow for a broader range of individuals to qualify and start building their credit profile.
Step by step to Apply for the BDO Unibank Standard Mastercard
- Online Application:
The online application will require personal information including name, contact information, and financial information. Applicants have the option to apply online where they’ll fill out personal, contact, and financial information then submit and wait for approval or a request for more information. Once the card is approved, you will receive either a text message or an email where you will be instructed how to collect the card at a branch of your choice or have it delivered to your address.
Note: On receiving your new card, the instructions will also include a telephone number to call in order to have your card activated.
- Branch Application:
Alternatively, applicants can visit a BDO branch to apply for the Mastercard. Bank employees will provide the application forms after being informed about the credit card application.
APPLY TO BDO UNIBANK STANDARD MASTERCARD CREDIT CARD HERE
Positives and Negatives of the BDO Unibank Standard Mastercard
The BDO Standard Mastercard comes with a range of pros and cons that cater to different financial needs and preferences. Below is a summarized table of the advantages and disadvantages associated with this card:
Pros
- Annual fee waiver for the first year
- Flexible installment payment options for in-store and online purchases from partner companies
- Earning rewards points in over 20 million locations across 275 countries, redeemable at SM Retail Stores or for discounts with participating merchants
- Exclusive discounts with participating online merchants
- Suitable for individuals new to credit or looking to build their credit profile
Cons
- Monthly membership fee of ₱150 (primary) or ₱75 (supplemental) after the first year
- Minimum Gross Monthly Fixed Income Requirement of $15,000
- Monthly Interest Rate (Retail and Cash Advance transactions) 3%
The BDO Standard Mastercard offers a blend of benefits that can be particularly appealing to first-time credit card users or individuals who prefer to have the option of managing their payments through installments. However, the membership fee after the first year and the Minimum Gross Monthly Fixed Income Requirement might deter individuals seeking more convenience or looking to minimize costs over the long term.
BDO Unibank Standard Mastercard Fees and Tariffs
Below are some of the main fees and charges associated with the BDO Standard Mastercard:
Fee | Rate | Description |
Annual Membership Fee | Waived for the first year; ₱150 per month thereafter for primary card; ₱75 for supplemental card | Fee charged annually for card membership. |
Monthly Interest Rate | 3.00% including cash advance fee | Fee on retail and cash advance transactions |
Installment Programs | Varies | Flexible payment options for purchases from partner companies. |
Interest Rate for Late Payment | The lesser of P850/US$20 or the overdue minimum payment due | Interest charged on overdue payments. |
BDO Unibank Standard Mastercard Customer Service
If you have any questions, please stop by the BDO branch that is closest to you, phone the 24-hour hotline at (+632) 86318-000, or send an email at [email protected].