Comments on: ShittyBank – The Conclusion

By: Anonymouse

Anonymouse — Mon, 30 Apr 2007 03:45:39 +0000

There is only one reason for increasing your limit without asking your approval: more annual fee.

For example:
classic/silver MC/Visa: P1,200/yr
GOLD MC/Visa: P2,500/yr

I believe the separation between a classic and a gold card at Shittybank is around P75k credit limit, so when your card reaches 75k, it turns gold automatically, and Shittybank charges you more annual fee.

By: phetz

phetz — Thu, 23 Nov 2006 03:56:46 +0000

MM,

The your voice is heard by the thousands of pinoys who have philippine issue credit cards. We encourage you to have a talk with some of our politikos regarding this matter.

By: Pecorino

Pecorino — Tue, 07 Nov 2006 14:32:42 +0000

MM, I fully agree with your thoughts and sentiments about this issue and I admire your noble intention with the windfall. However, taking out one ad (not full page even) in one broadsheet for one day may not reach as many people as you might hope. Not to mention that the ad may not give you enough space to clarify the issue. A more efficient and cost-effective way by far may be to write up your experience into an email, circulate that, and ask that it be passed on (by email or by word of mouth) to others. And it definitely will. People will be very concerned for themselves and for their family and friends. Bon courage!

By: Mia

Mia — Tue, 31 Oct 2006 15:24:43 +0000

Thank you so much! I didn’t ever think of that. I called my bank while reading your blog and brought down my credit limit in a hurry… thanks for the warning!

By: Amora

Amora — Mon, 30 Oct 2006 20:30:10 +0000

If you need any support, to rally behind you, just email me.

By: kristine

kristine — Sat, 28 Oct 2006 17:00:24 +0000

Go, go, go!

By: doMesTic diVa

doMesTic diVa — Sat, 28 Oct 2006 00:16:52 +0000

Hi MM,

What is the advantage of a shredder in situations like receiving a pre-approved card or multiple CC apps? We religiously shred all of our loan applications here and after having our ch 7 taken care of, we receive about 7 apps a day!

What a waste of paper, money and effort. May I ask if shredding apps is common practice among Filipinos there?

I can’t wait to see you ad on the newspaper. This should be fun!!

By: corrine

corrine — Fri, 27 Oct 2006 14:39:06 +0000

Wait a minute! Isn’t it the merchant’s look-out if there is an inconsistency in the signature and what if the credit card has a photo ( like mine)..it’s also the merchant’s look-out hence, if they missed on these “safeguards” they should shoulder the bill…not the credit card holder. I notice that some merchants do not check the signature of the customer vs. the one on the card.

By: cupcakediva

cupcakediva — Fri, 27 Oct 2006 10:22:27 +0000

Definitely worth the effort!!

By: Joanne

Joanne — Fri, 27 Oct 2006 08:17:18 +0000

Go for it, MM!

These usurious institutions which call themselves banks in the Philippines ought to know that not all of us are willing to be victims of their highway robbery any longer!

Thanks to your post, I will call HSBC immediately to get them to cap my credit limit pronto! I hardly use my Phil credit card anyway, only when I’m in the country.

More power!