Should You Get a Second Credit Card from UnionBank?
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Should You Get a Second Credit Card from UnionBank?
If you already have a UnionBank credit card, you might be wondering — “Should I get another one?” It’s a common question among cardholders in the Philippines, especially when you start exploring rewards, cashback, or travel perks.
Getting a second credit card can be smart — if you manage it well. But for first-time or cautious users, it can also mean more temptation and higher financial responsibility. Let’s break it down step-by-step so you can make the right decision.
TL;DR (Too Long; Didn’t Read)
Having a second UnionBank credit card can help you separate spending, earn more rewards, and improve your credit score — if you pay on time.
But it’s not for everyone. If you still carry unpaid balances or struggle with budgeting, wait before applying for another card.
Try using the Credit Card Cost Calculator to see how two cards might affect your monthly payments and interest.
Why Consider a Second Credit Card?
Getting another credit card isn’t about collecting plastic — it’s about strategy.
1. To Separate Personal and Work Expenses
If you’re a freelancer or small business owner, having a second card helps keep business costs separate from personal purchases. Example: You can use your first UnionBank card for groceries and bills, and the second one for ads, supplies, or client expenses. This makes budgeting and tracking easier.
2. To Maximize Rewards and Cashback
Different UnionBank cards have different rewards categories.
Some give cashback on groceries or fuel.
Others reward travel or online purchases.
Having two cards means you can use the best one for each spending type — maximizing points or cashback.
3. To Improve Credit Score
Believe it or not, a second credit card can boost your credit score — if used properly. Here’s how: when you spread out your spending between two cards, your credit utilization ratio (how much of your credit limit you use) goes down. This signals lenders that you can handle credit responsibly.
Signs You’re Ready for a Second Credit Card
Before you apply for another UnionBank credit card, ask yourself these key questions:
✅ 1. Do You Always Pay in Full and On Time?
If you never miss payments, you’re managing credit well. If you often pay only the minimum, focus first on clearing your existing balance.
✅ 2. Do You Track Your Spending?
You should know how much you owe, when bills are due, and how much interest applies. If you already use a budget app or spreadsheet, that’s a good sign you’re ready for another card.
✅ 3. Is Your Credit Utilization Below 30%?
If your current card limit is ₱50,000 and you only spend around ₱10,000 to ₱15,000 a month, your credit health is strong enough to handle another card.
✅ 4. Are You Using the Right Reasons?
Getting a second card should not be for impulse spending or shopping convenience. Instead, it should be for better rewards, financial organization, or credit score improvement.
When You Should Not Get a Second Card
🚫 1. You’re Still Paying Off Debt
If your current card has unpaid balances or high interest, another card might make things worse. Focus on clearing your debt first.
🚫 2. You Struggle to Track Payments
Two due dates can mean double the risk of missing a bill — and double the late fees. If you often forget to pay on time, adding another card will add stress.
🚫 3. You’re Applying for a Loan Soon
When you apply for new credit (like a car or home loan), multiple credit inquiries can temporarily lower your score. It’s better to wait until after your loan is approved.
Benefits of a Second UnionBank Credit Card
If you’re financially ready, here’s what you can gain:
💳 1. Access to Better Credit Limits
Your first UnionBank card’s payment history can help you qualify for a higher limit or a premium card with better perks.
💰 2. More Reward Options
You can combine rewards or use different cards for specific goals:
Use UnionBank Miles+ Card for travel
Use UnionBank Gold Mastercard for groceries and utilities
🔐 3. Backup for Emergencies
If one card gets blocked or stolen, you’ll have a backup for essential purchases like medicine or fuel.
📈 4. Improve Your Credit Portfolio
Lenders prefer borrowers who can responsibly manage multiple accounts — it shows experience and discipline.
Risks of Managing Two Credit Cards
Every financial tool has its downsides. Here are the most common pitfalls:
⚠️ 1. Overspending Temptation
Double the limit can mean double the temptation. Keep track of your total balance — not just per card.
⚠️ 2. Higher Fees
Each card has its own annual fee, interest rate, and cash advance charge. You can use the Credit Card Cost Calculator to estimate how much maintaining two cards really costs per year.
⚠️ 3. Missed Payments
If both cards have different due dates, set reminders or enroll in auto-pay to avoid late charges.
How to Manage Two UnionBank Credit Cards Smartly
1. Assign a Purpose for Each Card
Example setup:
Card 1 (Rewards or Cashback): Groceries, bills, daily expenses
Card 2 (Miles or Premium Card): Travel, online purchases
This helps you track your budget and redeem rewards faster.
2. Schedule Your Payments Together
Even if due dates differ, pay both on the same day each month to simplify your schedule.
3. Monitor Your Spending Weekly
Use the UnionBank mobile app or your online dashboard to track balances. Avoid waiting for your statement before checking your balance.
4. Redeem and Use Rewards Wisely
Don’t let your points expire. Check your UnionBank rewards program regularly — sometimes you can convert points into cash credits or airline miles.
How to Apply for a Second UnionBank Credit Card
Applying for another UnionBank card is simple, especially if you’re already a customer.
Step 1: Log In to UnionBank Online
Visit your UnionBank online account or app. Check if you’re pre-qualified for another card.
Step 2: Choose the Card Type
Select based on your lifestyle:
For online spenders: UnionBank Rewards Card
For travelers: UnionBank Miles+ Card
For everyday use: UnionBank Gold Mastercard
Step 3: Submit Your Application
UnionBank may use your existing account data — less paperwork!
Step 4: Wait for Approval
Processing typically takes a few business days. Once approved, you’ll receive your new card by mail.
Practical Example: Two Cards, One Smart Budget
Let’s say you’re Carla, a 28-year-old freelancer in Quezon City.
You use UnionBank Rewards Card for groceries, phone bills, and online subscriptions.
You apply for a UnionBank Miles+ Card for travel bookings and gas expenses.
You track both cards using a single spreadsheet and pay them off every payday. After six months, Carla earns enough points for a ₱1,000 rebate — and improves her credit score.
Common Myths About Having Two Credit Cards
❌ Myth 1: Two cards always mean more debt.
Truth: Debt only increases when you spend beyond your means. Two cards can help with budgeting if you’re disciplined.
❌ Myth 2: Your credit score will go down.
Truth: Temporary dips can happen during application, but long-term, responsible use actually improves your score.
❌ Myth 3: You’ll get charged twice the fees.
Truth: Annual fees apply per card, but many UnionBank cards offer waived fees for the first year or if you reach a certain spending threshold.
TL;DR Recap
✅ Getting a second UnionBank credit card can help you manage expenses, earn more rewards, and build credit.
⚠️ But only if you’re already paying on time and budgeting properly.
💡 Use the Credit Card Cost Calculator before applying — it helps you see your potential monthly payments and interest costs.
FAQs About Having Two UnionBank Credit Cards
1. Can I have more than one UnionBank credit card?
Yes, UnionBank allows multiple credit cards as long as you meet their credit and income requirements.
2. Will applying for a second card affect my credit score?
Slightly, but only temporarily. If you pay on time and keep balances low, your score can improve over time.
3. Should I close my first card if I get a new one?
Not necessarily. Keeping your first card open helps maintain your credit history length, which supports your credit score.
4. Can I combine my rewards from two UnionBank cards?
Some reward programs can be merged or redeemed under the same UnionBank account. Check your card’s terms for details.
5. How can I avoid overspending with two cards?
Set a spending limit per card and review your balances weekly using the UnionBank app.
Final Thoughts
A second UnionBank credit card can open new opportunities — from more flexible budgets to better rewards. But like any financial tool, it requires discipline, awareness, and planning.
If you’re confident with your spending habits, it might be the perfect time to apply. But if you’re still learning how credit works, focus first on mastering your first card before taking on another.
