Wala ka pang credit history pero gusto mo ng credit card? Or lagi kang na-rereject sa mga regular credit cards? 😩
If you're tired of getting denied for credit cards or you're just starting to build your credit, the Maya Black Secured Credit Card might be your new best friend. Unlike traditional cards that rely on your credit history, this one lets you secure your credit limit using your own money. But is it really worth it? Let’s break it down.
✅ What is the Maya Black Secured Credit Card?
The Maya Black Card is a secured credit card, which means you deposit your own money as a form of security—and Maya gives you a credit limit based on that amount.
🟢 Minimum security deposit: ₱20,000
🟢 Credit limit = 80% of your deposit
So if you deposit ₱20,000, your credit limit will be ₱16,000. You can also deposit more if you want a higher limit.
🔍 Secured vs. Unsecured Credit Cards
🎥 Prefer watching instead of reading? Check out my quick, honest review here:
📝 How to Apply
Applying is quick and fully digital—just use the Maya app:
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Upgrade and verify your Maya account.
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Make sure you have at least ₱20,000 in your Maya wallet.
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Go to Cards > Secured Credit Card.
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Choose how much to deposit (₱20,000 minimum).
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Submit and wait—approval can be as fast as a few minutes!
💡 Pros
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✅ No credit history required – Ideal for first-time cardholders.
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✅ Fast approval – No waiting weeks for a decision.
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✅ Control your limit – Based on your deposit amount.
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✅ Helps build credit – On-time payments reflect positively.
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✅ Use it anywhere – Online, in-store, and even abroad.
⚠️ Cons
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⚠️ High entry point – ₱20,000 upfront may not be affordable for everyone.
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⚠️ Only 80% becomes your limit – You can’t use your full deposit.
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⚠️ Interest applies – If you don’t pay in full, interest of up to 3.5% monthly may kick in.
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⚠️ No rewards or cashback (yet) – It’s basic, but functional.
💸 Interest Rates
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Interest can go up to 3.5% per month if you carry a balance.
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No interest if you pay in full on or before your due date.
Always read the fine print in the Maya app before confirming anything!
❓ Frequently Asked Questions
Q: Is it guaranteed approval?
A: Mostly yes, as long as your Maya account is verified and you meet the deposit requirements. Final approval still depends on Maya’s internal checks.
Q: Can I increase my credit limit?
A: No, but it might be an option in the future.
Q: What happens if I miss a payment?
A: Late fees and interest apply. Even though it’s secured, missed payments can still affect your credit standing.
🧠 Final Thoughts
The Maya Black Secured Credit Card is a solid choice if you’re ready to commit to a ₱20,000 security deposit and want to start building your credit responsibly. It’s especially useful for young professionals, freelancers, and anyone who’s been rejected by traditional credit cards.
Just remember:
✔️ Always read the terms
✔️ Spend wisely
✔️ Pay on time
This card is simple, sleek, and smart—just like you. 😉
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