Unli 0% Installment All Year Round with RCBC Bankard
Good news to all the moms and dads out there! RCBC Bankard introduced the UNLI 0% Installment. Converting
straight purchases to 0% installment all year round is now possible with RCBC
Bankard.
In the Philippines, a common problem of credit card holders
is “excessive debt”. Credit Card doesn’t feel like cash to cardholders so
they spend more liberally whenever they’re using their plastic. While the
card company can benefit from the finance charge, unwise use of the card can be
detrimental both for the cardholders and for the card company in the long run.
Given the possible pitfall that cardholders may fall into, RCBC
Bankard developed proprietary financial management tools:
Spend Monitor provides
cardholders with free SMS alerts for defined transactions that they have set
during registration, including getting an alert if they already exceeded their
predetermined monthly budget for their card.
Spend Analyzer,
transforms the statement of account from a simple notice of monthly dues to a
comprehensive financial management tool that guides cardholders in
understanding their monthly and their year-to-date spending by printing the
summary of purchases according to categories including: Supermarket, Department
Store/Apparel, Dining, Motoring, Medical, Utilities, and Others.
Unli 0%
is a proprietary program that allows cardholders to manage their cash
flow better since they can pay for all their straight purchases in three months
at no interest. This is offered during heavy spending season including
back-to-school (April-June) and the Holidays (October-December). It has
been made available all year round for purchases made overseas.
Unli 0% has been developed because RCBC saw the benefits of
the 0% Installment Program and its limitations. 0% Installment is advantageous
for cardholders who cannot afford to pay for the item/service outright, as well
as for those who want to manage their cash flow. However, while it is
helpful, it is limited in terms of merchants and locations. These
limitations served as our opportunity in developing Unli 0%. With Unli
0%, all straight purchases can be converted to 0% Installment. Our
cardholders enjoy better cash flow management because they can settle their
purchases made in the Philippines or abroad in easy, affordable payments.
Being the first and only credit card to provide a no-limits
0% installment program our cardholders have the unique privilege of being able
to afford better things and better experiences, and since they have the tools
to manage their spending better, they can avoid falling in the “debt trap”
which is a common pitfall for other credit cardholders. Unli 0%, along
with RCBC Bankard’s other complimentary and proprietary financial management
tools, have managed to transform the credit card from a tool for overspending
to a device for wiser spending.
With the Unli 0% installment feature, cardholders need not worry about paying immediately for every purchase they make because they can convert every transaction to 0% installment for 3 months at any given time of the year.
With UNLI 0% cardholders can purchase any item, at any amount, anywhere, including overseas and online, and have these converted to a three month, 0% installment payment term, by simply calling the RCBC Bankard Customer Service hotline.
UNLI 0% is the most flexible 0% Installment Program with NO LIMITATIONS.
UNLI 0% is not limited to the number of accredited merchants.
RCBC Bankard will be able to convert straight transactions to 0% installment, regardless if the merchant or establishment is accredited with RCBC Bankard. Other card companies/Issuers can only process transactions from their accredited merchants.
UNLI 0% is not limited to amount.
Merchants will require a minimum of Php3,000 or US$68.18 (@ Php44=USD1.00) for 0% Installment. With RCBC Bankard, this is not a limitation because it is processed as a straight transaction, and therefore is not covered by the 0% Installment minimum amount purchase requirement imposed by the accredited merchants.
UNLI 0% is not limited to location.
Accredited merchants for 0% installment are limited to locations where pre-programmed POS terminals are deployed. With RCBC Bankard, regardless of the POS terminals used, RCBC Bankard can convert the purchase to 0% installment, including online and overseas transactions.
The UNLI 0% INSTALLMENT PROGRAM (“UNLI 0%”) is a proprietary program of RCBC Bankard Credit Cards.
With UNLI 0% you can convert ALL your STRAIGHT purchases to
0% Installment by calling 888-1-888.
Use
UNLI 0% to pay for tuition and fees, hotel bookings, shopping abroad or online.
Use UNLI 0% to pay for anything and everything, because you can always cut your
payments into 3 months, 0% installment.
Last year, RCBC Bankard was
recognized internationally in the Retail Banker International Asia Trail Blazer
Award, as 2014 Product Excellence in Credit Cards, and as Credit Card Product
of the Year 2014-Philippines, in the Credit International & Payments
International Trailblazer Award.
With no
limitation on the purchase amount or the number of times they can avail of the
feature, cardholders are able to manage their funds better and keep within
their budget. Moreover, they do not have to worry whether or not the merchant
allows installment purchases. All they have to do is charge the purchase to
their RCBC Bankard then call RCBC Bankard’s Customer Service number at
888-1888 or 888-1883 (for Platinum,
Infinite, or World cardholders) and request that their purchase be converted to
0% installment.
And for more
information on the Unli O% installment feature, log on to www.RCBCBankard.com
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