Which line could describe you as a consumer?
The Metrobank form that I’ve tendered is Femme Visa. This Femme Visa can be also converted to
Femme – ICANSERVE Visa. As what I’ve
understood, this kind of credit card helps ICANSERVE Foundation (women with
breast cancer).
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| Metrobank Femme Visa |
So, I’ve chose Femme Visa since this is intended for woman. And of
course, the girly things – incentives and privileges are just beyond the
corner. Its annual fee is greater a hundred than the Classic (Mastercard/Visa),
also waivable for the first year. The other fees and rates are mostly the same.
The application requirements are probably similar, varies only if what
kind of applicant you are – employed, self-employed or a foreigner.
An, an employed applicant required to submit a valid IDs and a proof of
income.
For the valid IDs, these are the Philippine government issued IDs. This
proof of identification is mostly required and valid for any establishments
requiring such proof of identity. This includes Passport, Driver’s License, NBI
Clearance, Voter’s ID, Philhealth/SSS/GSIS ID, Senior Citizen ID, Company ID, Postal
ID, PRC ID etc.
For the proof of income, you can submit a copy of your latest Income
Tax Return (ITR) or a Certificate of Employment with a Minimum Gross Annual
Income of 180,000 Philippine Peso or a billing statement of other credit cards
if you have an existing; plus an additional of a three (3) months’ latest pay slip.
Requirements completed…
My other two officemates were also on it. So, we’ve submitted all the
requirements. We all hoped for the positive result – an “A”. However, it’s
opposite from what we've wished for – it’s a “D” (‘nga! nga!’ – tagalog expression like ’losser!’). Some of our
colleagues also wanted to apply; it just happened that the three of us were the
first batch to submit the requirements. And, upon knowing the result –
everybody seems to be discouraged. Especially the three of us – we’re all
dismayed about the result.
The processing took two to three weeks more or less. Since this is my
first application for a credit card, I’ve asked some knowledge or information to others who
had already an idea about it. As what I’ve learned from them, they said that the bank will
conduct an assessment. They will call the company where you are working to
verify if you are really an employee there, ask about your employment status
and then they will call you to verify or ask the same information.
We don’t have any idea if this assessment has been take place. Of
course, we don’t know if they called the company for the employment status
verification since this is between the bank and the HR. However, we (with my
other officemates) were waited for their calls (excited to have that “A”) which doesn’t happen.
And then, we’ve known that all of us have been DECLINED (for whatever
reason).
In the other page of the form, I’ve saw there Save&Swipe (Secured
Credit Card Program). I thought this is for a security purposes of a consumer
about his/her card. However, this is the security of the bank instead that if
you haven’t provided the required requirements or the proof of income you have to take
this so-called Pledge. The minimum pledge amount is 12, 000 Philippine Peso and
your credit limit will be 90% of it. So, that’s probably 10,800 Philippine
Peso.
It’s similar to the advice I’ve read from the several complaints and
angst about their application which has also been declined. They advise that, in
order to be approved you must have a savings account or you must be a depositor
in the particular bank.
However, that so-called pledge is for the applicants who are unable to
provide the required documents or proof of income. For now, I will just assume that I am incapacity to
pay for a credit.
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