• Union Bank University Of The East Alumni Association Visa Card

    Union Bank University Of The East Alumni Association Visa Card
    Credit Card
    Annual Fee
    Reward type
    Union Bank University Of The East Alumni Association Visa Card
    Annual Fee:
    P1,500
    Reward type:
    Insurance

    UnionBank also known as Union Bank of the Philippines is one of the fastest growing banks in the country. The bank aims to deliver quality services through implementation of international standards. It was one of the first banks in the country to completely centralize its entire backroom operations. UnionBank offers a range of exciting credit cards with the UnionBank University of the East Alumni Association Visa card being a popular co-brand credit card. This card is a rewards card jam packed with features such as instalment plans and complimentary insurance policies. The card donates 50% of the annual fee, 0.5% of the retail spend and 1% of the interest on the cardholder’s revolving balance towards the University of the East Alumni Association projects. The features and benefits of this card are as follows.

    Features and Benefits

    Listed below are the features and benefits of University of the East Alumni Association Visa card:

    • Cardholders can use their credit card to pay for their utility bills through the Auto-charge program. The utility bills are automatically charged to the card and eliminates the hassle of remembering various due dates of one’s utility bills.
    • The card earns reward points on every expense charged to the card.
    • The annual fee of the card is waived for the first year.
    • Cardholders who have opted for the UnionBank Car Secure Insurance program can use their UnionBank credit card to pay the insurance premiums through monthly instalments with tenures of up to 10 months at 0% interest.
    • The cardholder can enjoy longer credit terms if their balance is paid in full.
    • Cardholders get access to the UnionBank Discount Program which entitles them to attractive discounts at various participating merchants.
    • Cardholders get a monthly statement of account through email 2 days after their billing cycle. The statement is password protected and secure.
    • Cardholders get a complimentary credit life insurance policy.
    • The card is widely accepted at over a million establishments across the globe.
    • Cardholders can enjoy 24 hour customer service through telephone, fax, email, and through the website.
    • Cardholders can convert big ticket purchases into more affordable monthly instalments through the UnionBank Credit Cards’ Lights Instalment program. The program offers tenures ranging up to 36 months. The minimum purchase amount that is eligible for this program is P3,000 in a single receipt.

    Rewards

    The University of the East Alumni Association Visa card earns reward points on every expense charged to the card. Cardholders can redeem the accumulated points for exciting gifts from the Rewards Catalogue. Reward items can range from cash rebates, annual fee waivers, e-Gift certificates, gift passes, movie cards, to even airline tickets. The reward points can be redeemed online via the bank website or through the bank’s customer service facility.

    Security Features

    Most UnionBank credit cards are equipped with a Chip and PIN feature. This feature offers ample security against credit card fraud such as card duplication. This smart chip technology encrypts vital credit card information and prevents the card from being hacked or cloned.

    Insurance Offered

    • The UnionBank credit card offers a Credit Life Insurance policy which covers the outstanding balance of a cardholder in the event of their untimely demise or disablement.
    • The policy comes in two variants which are U-Secure and U-Protect insurance plans.
    • The plans cover up to P400,000 of the outstanding balance of the cardholder in case of their death due to illness or accident.
    • In the event of temporary or permanent disablement, the plans pays the minimum balance of P500 or 5% of the outstanding balance, whichever is higher for a period of up to 12 months or till the cardholder attains the age of 60, whichever is earlier.

    Eligibility Criteria

    The applicants must meet certain eligibility criteria to apply for University of the East Alumni Association Visa card in the Philippines. The requirements are:

    • The applicant must be a Filipino citizen or a Philippines resident.
    • The principal cardholder must be 18 years old and must not exceed the age of 60 years.
    • The applicant should be a salaried employee or self-employed for minimum 1 year.
    • The minimum annual income requirement is P600,000.
    • The applicant must have a business or personal landline number.

    Documents Required

    To apply for the University of the East Alumni Association Visa card, you must submit the following documents as your income, identity, and address proof:

    • A copy of 2 valid IDs with photo and 3 specimen signatures. It can be your Passport, Driver's License, TIN ID, GSIS e-Card, Company ID, SSS ID or other government issued IDs.
    • Income proof for salaried employees:
      • The latest ITR - BIR Form 2316(W-2)
      • Signed Certificate of Employment and Income
      • A copy of last 3 months payslips with Company ID (both sides)
    • Income proof for self-employed persons:
      • The latest ITR forms with BIR stamp (BIR form 1701 or 1702) and SEC or DTI registration
      • Audited Financial Statement for the last 3 years
    • Proof of billing address (the latest statement) if the applicant resides outside Metro Manila

    Fees and Charges

    Listed below are the various fees and charges applicable for the University of the East Alumni Association Visa card:

    Annual fee

    Principal card: P1,500

    Supplementary card: P750

    The annual fee is waived for the first year.

    EIR

    3.5% per month, calculated on a daily basis

    Cash advance fee

    6% of the amount withdrawn or P300, whichever is higher.

    Cash advance Over-the-Counter fee

    P500 per transaction

    Overlimit fee

    P500 on every instance of exceeding the credit limit

    Pre-termination fee

    P500 or 5% of the remaining principal balance, whichever is higher

    Sales slip retrieval fee

    P200 per charge slip

    Credit Life Insurance Premium (U-Protect/U-Secure)

    P0.36 for U-Protect or P0.55 for U-Secure will be charged for every P100 outstanding balance

    Late payment charge

    6% of the overdue amount or P500, whichever is higher.

    Minimum amount due

    P500 or 5% of the total amount due, whichever is higher

    Foreign currency conversion fee

    Currency rates available in the wholesale currency markets or the government-mandated rates plus 2% processing fee

    Returned cheque fee

    P1,000

    Dispute fee

    P1,000

    Refund fee

    P50

    Replacement card fee

    P400 per card

    How to apply for UnionBank University of the East Alumni Association Visa Card

    You can apply for a University of the East Alumni Association Visa card through the following ways:

    • Applying online: New or existing UnionBank cardholders can get the University of the East Alumni Association Visa card by submitting the online application forms available on the UnionBank website. This paperless process involves the borrower having to fill out the application form and submit it along with the supporting documents required.
    • Applying through a UnionBank branch: Borrowers can also get the credit card by visiting any of the banks’ participating branches and filling out the necessary application forms. The borrower will have to carry with them any supporting documents pertaining to their identity proof or proof of income.

    Lost or Stolen Card Liabilities

    If the cardholder has their University of the East Alumni Association Visa card stolen or have lost their card then they need to report it to the bank immediately by calling the Security Bank customer service hotline at (02) 841-8600, 1-800-1888-2277 for domestic toll-free calls outside Manila, and international toll-free number IAC+800-8277-2273. Cardholders must submit a written statement explaining the loss or theft of their card to the bank. The report should contain details like the place, date, and the circumstance surrounding the loss or theft of the card. Cardholders will be charged a fee for the replacement card. Cardholders must report the loss or theft of the card at the earliest as they will be held liable for all charges made on the card prior to notification.


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