In an era where financial independence is crucial, Rizal Commercial Banking Corporation (RCBC) is actively advocating for responsible credit card use among young adults. RCBC Credit Cards President and CEO Arniel B.
In an era where financial independence is crucial, Rizal Commercial Banking Corporation is actively advocating for responsible credit card use among young adults.
“Delinquencies within this demographic are often due to insufficient cash flows to cover credit card balances. To mitigate this, RCBC continuously refines its credit limit assignments, ensuring that the limits are reasonable and encouraging responsible credit use,” Ong said. For young adults, having a credit card offers convenience, security, and the opportunity to build a financial reputation. To build a good credit history, cardholders should keep balances within their capacity to pay; paying more than the minimum amount due and always on time; utilizing automated channels for recurring bills and credit card payments; and avoiding excessive number of cards to maintain financial simplicity.
RCBC Pulz includes a spend analyzer tool, Unli Zero and Unli Installment options, and security features such as card activation and lock/unlock. These tools enable young adults to manage their accounts effectively and avoid over-indebtedness or fraud.
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