Guide on Home Credit Card Membership Fee & Interest Rates
HOME CREDIT CARD MEMBERSHIP FEE – Here are some details that the cardholders must be aware of including the interest rates.
Have you heard about the growing offers of Home Credit Philippines? It did not stop with its successful Product Loan. Through the years, the international consumer finance provider continued to grow its offers which benefit countless people across the nation.
Home Credit has several offers now. Here are some of the products and services that you may avail:
- Home Credit Product Loan
- Home Credit Cash Loan
- Home Credit Qwarta
- Home Credit Card
Below, you can read more about the Home Credit Card including the membership fee and the interest that the lender implements everytime that you will use it in making purchases, paying bills, booking a flight, etc.
The Home Credit Card is a “Visa EMV Classic Credit Card” that has wide-acceptance among the countless Visa-accepting merchants across the nation. It can be used in several purposes including the following transactions usually done by most people:
- making purchases
- paying for subscriptions
- dining
- paying for services
- paying for flight costs
The Home Credit Card works exactly as a credit card like the ones offered by banks. There is also the Home Credit Card membership fee which is charged on a monthly basis. The lender did not specify the amount as it may be on a case-to-case basis but it is charged “for the right to use its credit card and acquire access to other membership benefits”.
After the activation of your Home Credit Card, you won’t have to start paying for the Home Credit Card membership fee right away until after your first transaction using the card. The monthly membership fee will be reflected in the Statement of Account or SOA that will be sent to you by the lender.
How much is the interest rate charged by Home Credit Philippines? The consumer finance provider does not charge an interest on purchases paid within 45 days.
On big purchases that are not under the Home Credit Installment Plans, the interest rate is set at 3%. Aside from the rate being the lowest compared with other previous plan offers that came prior to it, the client also has the option on the amount to pay as long as it is not lower than the 7% of the unpaid balance or Php 700, whichever is higher. The unpaid balance will be under a 1% monthly interest rate.
After receiving an offer, there are a few requirements for Home Credit Card application that you must prepare and bring with you when you visit a partner store of the lender.