In the Philippines, if you’re looking for a no-frills credit card with essential features, the AUB Gold Mastercard might be a good option. Let’s explore its requirements, pros, cons, and who might benefit most from using it.
Most Updated Requirements to Apply as of 2024
- Age: 21 to 65 years old
- Income Requirement: Minimum gross monthly income of ₱50,000
- Employment Status: Employed with at least one year regular employment status with a registered company, self-employed with registered businesses with at least one year of profitable operation, or licensed professional with at least one year of professional practice.
- Document Requirements: Valid government-issued IDs, proof of income (payslips, income tax return, etc.), and contact information (mobile phone, landline, email address)
Visit actual website for more details Asia United Bank
Pros of the AUB Gold Mastercard
- No Annual Fee: Unlike many other credit cards, the AUB Gold Mastercard has no annual fee for life, making it a budget-friendly option.
- Flexible Payment Options: You can avail of AUB’s installment plans for purchases or convert your balance to a fixed monthly payment scheme.
- Worldwide Acceptance: This Mastercard is accepted by millions of merchants worldwide, giving you flexibility when shopping abroad.
- Track Your Application Online: A unique perk! You can monitor the status of your AUB Gold Mastercard application using a reference number, your name and email address, or your name and phone number. This allows for greater transparency and peace of mind during the application process.
Cons of the AUB Gold Mastercard
- Lower Credit Limit: Compared to other Gold credit cards, the AUB Gold Mastercard might have a lower credit limit, which may not be ideal for high spenders.
- Limited Rewards Program: The AUB Gold Mastercard does not offer any rewards program for points or cashback.
- Higher Interest Rates: The interest rate on the AUB Gold Mastercard might be on the higher end compared to other cards.
Why Sign Up for the AUB Gold Mastercard
This card is ideal for individuals who prioritize having a no-annual-fee credit card for everyday purchases and value the flexibility of installment plans. It’s also a good option for those with limited credit history who are building their credit score. However, if you’re a high spender or are looking for rewards programs, other credit cards might be a better fit. Additional Points to Consider
- Annual Interest Rate: Check the latest interest rates on the Asia United Bank website.
- Foreign Transaction Fees: There might be a foreign transaction fee for using the card abroad.
- Customer Service: AUB offers customer service through their hotline, website, and mobile app.
Disclaimer: The information provided in this article by TheInvestopedia.com is for informational purposes only and should not be considered financial advice.
