Wednesday, August 15, 2007

Credit Card Woes

For years now, I have been living life without that plastic called a credit card sought after by most people. There was only a time when I had a BPI Express Credit card mailed to me by BPI since I have two bank accounts with them.

I used that card for at least a year then deactivated it not wanting to pay for the annual fee of P1200.

Twice, in my "past life" I received a card from AIG sent to my office. The first one was due to an officemate who referred me. The second time was when the unethical head of Human Resources gave the list of employees to AIG (I found this out when I asked the AIG agent how they got my contact number and how come all of my officemates received one)

Both cards I didn't activate unlike my officemates. Because of this I got a call from a lady working for AMI, some sort of market intelligence company, who visited me in the office, interviewed me why didn't I activate the cards sent to me, unlike almost everybody else. So many questions asked that I simply answered I don't need one, I still prefer cash even the occasional cash purchases. The lady even ask my opinion on how can they sign me up for a card. I said, I don't really need one. The lady just told me I'm "one of a kind."

That lady was actually pretty and so my officemates asked me why I was interviewed? I told them why and asked me if they could be interviewed too plus the freebie mug I was given as gratitude for taking a few minutes of my time.

Years later, I now tried to apply for a Citibank credit card upon the suggestion of a friend when she learned I was contemplating on applying for one. I needed one to use for an upcoming trip to Hong Kong for I wanted to avoid usual $100 deposit at the hotel if I don't have a card.

A day after I was informed by a friend, her friend from Citibank called me up in the office and sent me the application form through a courier, who asked me to sign the form and submit a copy of my payslips, income tax return and company ID.

After a few days, I got numerous calls from their guys asking me for information on this and that even asked for his calls to be transferred to our personnel administration office to verify something. The guy even called up my home phone to verify the information I submitted.

My Hong kong trip was nearing so I tried to follow my application with my friend who in turn followed it up from her friend at Citibank where I was told the application was already approved and just wait for a few days.

Another week went by and I just got a letter from Citibank that my application was not approved for unknown reasons.

I just shrugged the whole thing off thinking it's Citibank's loss and not mine. I don't know how the risk management guys of Citibank were thinking but I find them stupid. Yes, S-T-U-P-I-D stupid!

I'm not sour graping. I still can't imagine why I was denied even without a bad record in my name, a respectable amount in my three bank accounts many times the initial credit limit they told me, and a salary of a management level employee and yet they denied me.

In the letter, they informed me I could try again after six months. Oh no, Citibank, don't expect me to cross paths with your stupid people again.

For now, I continue living without that plastic card and loving it!


  1. hello there!

    ako nga citibank won't approve me even when i earn twice their minimum monthly wage to qualify and i already am a visa cardholder from another bank with a credit limit of 60k. and so far i have not paid a cent of interest yet!

    mas masaklap pa, i am now content not having a citibank card but some stupid gungho agent just keeps on passing my info and even forging my signature to them!

    stupid is right! :D

  2. I'm cardless too and loving' it. Some years back, bpi denied my credit card application because of lack of credit history although my salary and back account would adequately explain the lack of credit history. hehe. After the rejection, i did not bother to apply for a credit card again.

  3. hi g,

    there's really a problem of privacy here in pinas and with those unethical agents looking for new recruits

    they should've indicated the reason so i can correct it, but, whatever.
    no longer am i applying for one

    zeng, seems we're on the same boat. i don't know why. maybe i cantry with bpi since i have 2 accounts with them. but i've lost the urge to apply for one after citibank's stupidity.

    maybe we put up a club of cardless people who can afford it :)

  4. sabi nga nila, pag wala kang pera, wag mo nang bilhin. mas ok talaga pag in cash nagbabayad. ako walang credit card din pero minsan nakikiride sa credit card ng bro ko hehehe (when eating out or the occasional emergency new shoes). that way, sa kanya na lang ako nagbabayad at hindi sa bangko. =)

    consider it a blessing in disguise na hindi naapprove ang application mo sa citibank. makukulit mga tao jan.

  5. ow, ganun pala dyan, mama mia.

    May tubo pa yan, if may credit card!

    my daughter was offered a free rolex watch (fake ito, im sure) basta mag open lang daw ng credit card sa hsbc.Two account holders siya kasi don due to our internet business.
    Ayaw ng anak ko, kasi what for daw?
    She doesnt need one.

    She asked me still, if okey lang sa akin, kakagatin na niya ang offer, basta latest Nokia ang ibigay libre, haha.

    May blog ako about banking in France, and mas malupit sila...

    Ps, got your blog from:sino nga ba yun? mama mia, di ko na alam, basta isa sa mga links ko, haha