What can you buy with P446,000?

April 13, 2009 at 2:13 pm 4 comments

How was your Holy Week? I hope you had the chance to rest and reflect on the blessings you’ve received. Now that everything is back to normal routine, let me start with the question, “What can you buy with PhP446,000? Perhaps a China-made car? A European trip?

Last March 20, my husband received a letter from Citibank, advising him that the credit limit for his Citibank-Shell credit card has been increased to PhP446,000. He laughed out loud when he read the letter and thought that yes, he can probably buy a low-priced car.

This is probably Citibank’s way of rewarding him for charging his purchases to his credit card. Citibank probably thinks that he has the capacity to pay for such a huge amount. After all, he was able to pay off PhP320,000 worth of charges in just one payment!

But before anybody reacts, the PhP320,000 he charged late last year was the hospitalization bills of his mother (God bless her soul). Because his family didn’t want to bring such a huge amount of cash, hubby just volunteered to charge the bills to his card and the payment will just be paid off online.

I wish I could say that we’re both eager to charge a lot of purchases in my husband’s newly granted credit limit. But commonsense tells me to just let the daydreaming pass. Masarap lang mangarap pero hindi masarap magbayad ng utang.


Entry filed under: Banking, credit card. Tags: , .

Side Topic: Make a pit stop at the Healthcare on the Road BPI still refuses to waive my annual fee

4 Comments Add your own

  • 1. WB  |  April 14, 2009 at 8:57 am

    It’s scary how citibank increases your credit limit all of a sudden based on your past purchases and ability to pay. i dont bring nor use my Citibank card now, as if i lose it, uh oh, i will definitely be in much panic. i just keep it for emergencies anyway, it seems that they are not charging me any annual fees. while my bpi card limit never budged at 30k despite my often use.

  • 2. pinayandmoney  |  April 14, 2009 at 11:06 am

    hi, WB. i know. the last time that my husband got the a credit increase was just eight months ago. you may want to read my entries about BPI credit cards.



  • 3. Viva  |  April 16, 2009 at 5:18 am

    The credit limit is still handy for very crucial emergencies (yeah like medical bills) or to buy a plane ticket and never return 🙂

  • 4. carla  |  April 18, 2009 at 11:12 am

    nakakabigla naman ang increase sa card nya..correct na nakakatempt pero ang hirap kayang magbayad!

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