Credit cards have progressed considerably since they were first introduced during the post-war period. What were once tools primarily used for in-person purchases have now transformed into versatile financial instruments that can help individuals navigate their financial lives more effectively. Today’s credit cards offer a wide range of features, including attractive rewards programs, convenient installment options, enhanced security measures, and customizable limits and controls, that can help cardholders maximize their spending power and financial flexibility. However, even with all these benefits, not all credit cards are equipped to meet the diverse and changing needs of modern consumers.
As the financial landscape evolves, many cardholders may find that their old credit cards no longer serve their best interest. Factors, such as outdated reward structures or lack of modern features, can limit their overall effectiveness and value. Understanding the signs that indicate that it’s time for a change is crucial for making the most of your financial resources. This article aims to highlight the telltale signs that suggest filling out a new credit card application and upgrading your card is the right move for optimizing your financial strategy.
You Don’t Feel Like You’re Getting Enough Value From Its Rewards or Benefits
Many credit cards advertise enticing rewards programs, but the reality is that not all cards deliver substantial returns. Some cards may offer a meager return on everyday purchases, leaving you feeling like your loyalty isn't being rewarded adequately. Thus, if you find yourself earning points or cash back at a slow pace, or if the rewards seem minimal compared to your spending, it may be time to reconsider your current card.
A lot of newer credit cards provide more competitive rates, offering higher percentages of cash back or points for the same spending habits. Therefore, an upgrade could mean significantly increasing the rewards you earn, allowing you to enjoy the benefits of your spending more fully. Before you jump on the chance of getting a new credit card, it’s recommended to take the time to evaluate various cards to help you discover options that offer bonuses or promotional rewards that further enhance your savings. This ensures that your new card aligns with your expectations for earning rewards, which is essential for maximizing the financial advantages of card ownership.
It No Longer Aligns with Your Spending Habits
As your lifestyle evolves, so too does your spending habits, so the card you currently have may not fit your financial needs at this point in your life. For instance, if you used to travel outside the country frequently, you may have leveraged the perks of a credit card that offered travel-related rewards like airline miles, hotel points, and travel insurance. However, if your current spending habits revolve around shopping, you’ll receive better benefits with a Landers Cashback Everywhere Credit Card, which is especially useful if you’re already a regular shopper at Landers.
This card offers up to 5% cashback at Landers, making it the perfect credit card if you frequently do your grocery runs at the superstore. When you shop at Landers, you’ll start with a base cashback rate of 3% if your total credit card spending is below PHP 20,000. This rate increases to 4% when you spend a minimum of PHP 20,000, and then it increases further to 5% when you accumulate a total qualified credit card spending of at least PHP 50,000 during the month.
This credit card also offers up to 2% cashback on all dining spends and 1% cashback on all other qualified transactions,* allowing you to effectively use the card for everyday expenses as well. Each point equates to PHP 1, and when you reach the 500 points milestone, you’ll receive PHP 500 off vouchers, which are redeemable at any Landers Superstore nationwide.
Apart from being a credit card, the Landers Cashback Everywhere Credit Card also serves as a Landers membership card. This way, you won’t have to carry multiple cards to enjoy shopping at Landers. If you want to take advantage of the benefits of this credit card, the best way to apply for this card is through the Maya app. You can complete the application , making it one of the most convenient credit card applications in the Philippines. All you need is a Landers membership and an upgraded Maya account.
When applying for a Landers Cashback Everywhere Credit Card on the Maya app, you may be asked to provide the following information:
The credit card application is subject to credit evaluation. Additionally, upgrading your Maya account is free and requires only 1-2 valid IDs. For details, please visit maya.ph/upgrade.
You’re Tired of Tedious Card Management Processes
Managing a credit card should enhance your financial experience, not complicate it. Unfortunately, many credit cards come with cumbersome payment systems, confusing rewards tracking, or outdated mobile apps that make managing your finances more of a chore than a convenience. Fortunately, Landers Cashback Everywhere Credit Card holders won’t have to encounter this problem because they can manage their cards straight on the Maya app. With our app’s efficient and user-friendly interface, you can monitor your rewards, assign daily spending limits, and view your transactions without hassle. For instance, if you want to know if you have any unclaimed vouchers, simply follow these steps:
If you want to assign spending limits to different types of credit card transactions, on the other hand, follow these steps:
You can control different transaction types like your daily spending limit, foreign transactions, online payments, contactless payments, and cash advances (up to 30% of your assigned credit limit).
When you can do all these, and more, with one app, managing your credit card becomes effortless and convenient. It also gives you more control and peace of mind over your finances.
It Doesn’t Have Modern Security Features
In today’s digital age, security is a top priority for consumers, especially when it comes to managing finances. With the rise of online shopping and mobile payments, the potential for fraud and data breaches has increased significantly. Protecting sensitive information like credit card numbers, account details, and personal data is essential to prevent unauthorized transactions and identity theft. If your current credit card lacks the security features that can safeguard you from these threats, it may be time to explore newer options that offer better protection against them.
Many newer credit cards come equipped with advanced security features that provide you with ample protection during online transactions. The Landers Cashback Everywhere Credit Card, for instance, comes with a dynamic CVV, which you can access via the Maya app. A dynamic CVV changes periodically, making it significantly harder for unauthorized users to access your account. Even if they manage to hack your card information, they won’t be able to make purchases without the most current CVV. The dynamic CVV of the Landers Cashback Everywhere Credit Card is only valid for 24 hours, and a new number is generated every time the card details are accessed in the app. This is a great feature if you don’t want to enter your permanent CVV, which is printed on the back of your credit card.
While credit cards can be valuable financial tools, it’s important to recognize when your current card no longer meets your needs. A card that can’t support your financial requirements can hinder your ability to manage your finances effectively. By evaluating your financial situation and the features that matter most to you, you can find a credit card that not only offers greater benefits but also enhances your overall financial experience.
* Transactions that don’t qualify include: cash in, cash advance, quasi-cash purchases, casinos and gambling, fuel, supermarket, pharmaceuticals, utilities, telco, and government.
mention convenience of applying straight in the app vs the time it takes to apply