We Filipinos love bringing tons of cash, to the joy of pickpockets and holduppers. At the mall for example, we prefer transacting in cash instead of just having our card swiped at the counter. The inconvenience. We fail to take advantage of the benefits of cashless society because of misconceptions and lack of information. This is also true when it comes to credit cards.
I have been a Bank of the Philippine Islands (BPI) client for years and for the most part, I was like everybody else. Every out-of-the-country trip, I go to my bank, buy dollars and have them exchanged in the local currency upon reaching my destination. Part of the fun, but also part of the hassle.
BPI Express Credit
We have BPI Express Credit but other than using the credit card to book flights, we were hesitant to use it abroad. I was worried I might get charged high on foreign conversion or incur hidden charges. That is about to change.