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Banks have started imposing higher interest rates on credit card transactions after the Bangko Sentral ng Pilipinas increased the ceiling amid a series of aggressive rate hikes to tame inflation and stabilize the peso.
PRU LIFE UK Leading life insurer Pru Life UK announces its latest offering for customers: the Pru Life UK credit card in partnership with Robinsons Bank and Mastercard. The co-branded card offers convenient premium payments and other exclusive benefits rooted in the financial stability of its par
The ongoing health crisis has caused immense economic changes for Filipinos, affecting their livelihoods and finances in the process. Months of lockdown amid the threat of a coronavirus has made it harder to achieve financial stability, which in effect, has increased credit card delinquency in the country. Credit card delinquency occurs when a cardholder has a poor payment history, and frequently pays bills after the due date. The credit lines of delinquent cardholders are also often fully utilized, which may be a reflection of a very tight cash flow. (Bloomberg file photo) Photographer: ...