Assumption Alumni Association Visa Card®

About credit card

Users of this card will have 50% of their annual fees and 0.5% of spendings on retail establishments donated on their behalf to the association.

Features

• Installment program. Card users can enjoy 36 months of monthly installments with 0% interest on selected items from selected establishments.
• Longer credit terms. Users can enjoy 53 days credit at 0% interest if full balance is paid.
• Life insurance. Card users get ₱400,000 in credit and cash in the event of a user's or family member's death. The same insurance covers permanent disability. If a user suffers temporary disability, they're entitled to 5% of their balance or ₱500 (whichever is higher) for the first 12 months of disability until 60 years of age.
• Supplementary cards. Family members who are at least 14 years old can be added as secondary card holders who can enjoy the benefits of the card.

Pros and cons

Below are some pros and cons of the card:

Pros

• Users get insurance cover.
• Users can pay only 4% of their outstanding monthly balance.

Cons

• Insurance doesn't cover members of the armed forces.
• Promos and discounts offered are limited to luxury goods and services.

How to apply a credit card?

If you are interested in an Assumption Alumni Association Visa card, you can apply through the steps given below:

1. Visit the Union Bank official website.
2. Go down and click on Cards. Click on Credit card.
3. Go up and click on See cards.
4. Look for and click onAssumption Alumni Association Visa card.
5. Click on Apply now.
6. Select if you have a reference code or not.
7. Choose if you are a Union Bank customer or not, input your account number or your card number if you are.
8. Select Assumption Alumni Association Visa card.
9. Choose if you have a principal card with another bank or not.
10. Select if you have a valid ID and a financial document or not, click on Next when done.
11. Input all the needed data and information and then follow all the onscreen descriptions to complete your application.

Before you apply, please, make sure you meet the following requirements.

Eligibility requirements

The applicants must meet these requirements to be eligible for an Assumption Alumni Association Visa card:

• Must be aged 18 to 70 years.
• Must have a minimum annual income of ₱360,000.

Documentary requirements

1. Proof of identity. The applicant will be required to provide a government-issued ID with photo and signature.
2. Proof of income. In order to ensure that the applicant can undertake the financial obligations of the card, they are required to provide one of the following:
• Income Tax Return or Certificate of Compensation Payment and Tax Withheld or similar documents;
• Certificate of Employment or Employment Contract.