Guide on UnionBank Lazada Credit Card Features & Requirements for Application
UNIONBANK LAZADA CREDIT CARD – You can check here the features and requirements in applying for this offer.
Credit cards have a lot of benefits as long as you know how to use them well. On the other side of the experiences of some cardholders who were not able to use it well lies many benefits that includes having something that you can turn to for emergencies.
Credit cards can help you meet payments in times of medical emergencies, make it into the next payday, fund your travel or event, and so much more. With the right discipline on when to use it, it has several perks and privileges that can even help you earn money.
In the Philippines, the UnionBank is one of the banks that offer credit cards. Aside from the UnionBank Go Rewards Visa Credit Card, it also has the UnionBank Lazada Credit Card which is perfect for the online shoppers.
What are the perks and privileges for the UnionBank Lazada Credit Cardholders? Here is a list of what awaits the cardholders:
- earn up to Php 6 Lazada Credits for every Php 200 spend at Lazada using the UnionBank Lazada Credit Card
- enjoy Php 1 Lazada Credit for every Php 200 spend using the card on all other merchants
- use your earned credits as Lazada Wallet Credits through the UnionBank Online app hassle-free
- enjoy free shipping vouchers and other perks and privileges exclusive for the cardholders of the UnionBank Lazada Credit Card
- convert your rewards points into something you enjoy
- Inhouse Installment feature that allows cardholders to pay in fixed monthly installments for a cash advance from the credit limit, the conversion of straight retail transactions, and the transfer of balances from non-UnionBank credit cards
- up to 53 days credit term with zero interest
- 24-Hour Customer Service
- convenience payment of bills through your UnionBank Lazada Credit Card
- up to Php 2.5 million credit insurance in case of unforeseen life events
- access to cash advance
- online and worldwide acceptance
- flexible payment terms as you can choose between paying only 4% of the total outstanding balance or Php 400, whichever is higher
- sharing of access with your family members through a Supplementary Card
Who are qualified to apply for the UnionBank Lazada Credit Card? Here are the qualifications set by the bank for the application:
- at least 21 years old
- has a postpaid line or postpaid mobile phone
- a resident of the Philippines, with a valid Philippine billing address
- has a Tax Payer’s Identification Number (TIN) and SSS/GSIS/UMID Number
- other bank credit card accounts in good credit standing
In applying for the credit card offer, there are documents that must be submitted to a branch of UnionBank for the credit card application. The lists of documents vary among the employed and self-employed Filipinos who want to apply for the offer.
The credit card offer is also open for the foreign nationals. Here is a guide on the documentary requirements in applying for the UnionBank Lazada Credit Card offer:
Employed & Self-Employed Individuals
- duly-accomplished UnionBank Credit Card Application Form
- one (1) photo-bearing, government-issued ID with identification number or date of birth
- proof of income (whichever is applicable):
- Pay Slip
- BIR Form 2316
- Original Certificate of Employment
- Latest ITR (1700 or 1701) with BIR or Bank Stamp
Foreign Nationals
- duly-accomplished UnionBank Credit Card Application Form
- photocopy of a valid passport or ACR
- Any of the following proofs of local residency:
- Immigrant Certificate of Residency (ICR)
- ACR-I-Card with Visa status “Permanent”, otherwise, should be valid for more than 1 year
- Visa and Work Permit/Alien Employment Permit (AEP) with validity of more than 1 year
- Special Resident Investors Visa (SRIV)
- Special Resident Retirement Visa (SRRV)
- For top 2000 companies, employment contract or letter from company HR printed on company letterhead with name, position and confirmation of term