5 Replies Latest reply on Nov 13, 2018 9:41 AM by Kenneth Chan

    Installment CashOut

    junsqua

      Good day. I would like to ask how Globe and Credit Card providers handle the Installment of Cashout in Postpaid Plans.

       

      Say...

       

      I would like to apply for Plan 1799, iPhone 8+, with Cash out of P25200.

      I would like to pay the cash out in installment. My CC limit is P20k

       

      How would they (Globe and CC providers) handle the payment?

       

      Will Globe charge my CC provider monthly of P1050?    (P25200/24 months)

      Will Globe hold the full amount and charge my CC provider of the whole P25200?

      Will CC provider charge me with monthly payment of P1050? 

      How does it even works?

       

      Please and Thanks.

        • Re: Installment CashOut
          Kenneth Chan

          Hi, Junsqua.

           

          To bring light to your question. Just like any other installment plan for credit card, you will be using your credit card to apply for an installment. Globe will not charge you for this, but the bank will charge you.

           

          As long as the full cashout is covered by the credit card or paid you should receive your mobile phone.

           

          I hope this helps.

          1 of 1 people found this helpful
            • Re: Installment CashOut
              junsqua

              Thank you.

               

              BTW, anong mga credit card ang pwede magamit na pang installment ng cash out (24 months)?

              • Re: Installment CashOut
                junsqua

                So ganito na nga ang nangyari (since di naman talaga nasagot ng maayos ang tanong ko)

                 

                I applied for Postpaid. Plan 1799. iphone 8+ ang unit. cash out is P25200

                 

                BUT MY CC LIMIT is P20k.

                 

                GLOBE will charge your CC with the whole P25000 sa isang swipe sa CC mo.

                but then di na naprocess ng CC ko kasi nga P20k lang naman si limit ko.

                Dapat daw pala, KAHIT NA INSTALLMENT ang cash out mo gamit ang CC, ang limit mo ay mas mataas pa kesa sa supposed installment cashout mo, in my case dapat ang cc limit ko aty 25200 up.

                 

                ito ang hinahanap kong sagot. at least ngayon alam ko na.

                 

                or if mali ito, inform mo ako Mr. Ken at kukutusan ko ang nagprocess ng application ko. . LOL.

                 

                 

                P.S. ang ending, nag fullpayment na lang ako ng cash out. HAHAHA