Home Credit now issues credit cards
Home Credit Philippines has announced that it will now start issuing credit cards.
This is to give their customers more options and convenience. Recently, the consumer finance provider has been officially granted by the Bangko Sentral ng Pilipinas (BSP) a certificate of authority to issue credit cards. The company touts to be the first non-bank financial institution to have a credit card certification by the BSP.
Applying for the said credit card is similar to the application process of the company’s consumer loans. The Home Credit credit card features a loyalty program that entitles the holder to earn cash back for transactions and get freebies and discounts from partner merchants. On top of that, the card also offers 0% interest installment and can also convert straight transactions to installment plans at low-interest rates. For security, features such as EMV Chip, PIN notifications, 3D Secure, and SMS notifications are included.
Home Credit has started rolling out their credit card to its customer base and is expected to have more clients this year.