BDO or BPI if my goal is to eventually get a pre-approved credit card?
Hi everyone!
I’m planning to open a savings account and gradually build up my funds, with the hope of eventually getting a pre-approved credit card.
The plan is to deposit the amount that I would eventually use for an SCC anyway. If I get offered a regular CC before I reach my target amount, great. If not, I’ll just go the SCC route once I hit that number.
Given that setup, would you recommend BDO or BPI?
I’ve read a lot of posts saying BDO is pretty generous (and quick!) when it comes to offering cards to existing depositors, but BPI also seems attractive because of the overall banking experience and the recent permanent free InstaPay/PESONet transfers.
Do you think the free transfers make BPI the better choice now, or if ang goal ko talaga is to maximize my chances of getting a pre-approved card, mas okay pa rin si BDO?
Another thing I’m considering is which bank’s card would be a better reference card down the line when applying for other credit cards. If I eventually get a BDO/BPI card (whether pre-approved or via SCC), which one would put me in a better position for future applications with other banks?
So I guess my considerations are:
- Higher chance of getting a pre-approved CC as a depositor
- If that doesn’t happen, which bank has the better SCC option
- The recent free transfers policy of BPI
- Which card would serve as a stronger reference card for future CC applications
Would love to hear your experiences, especially from those who got their first CC through their savings relationship with either bank, those who started with either BDO or BPI and later expanded to other banks, or those who ended up converting to an SCC after waiting it out.
Thanks!