Compare clearly: ShopeePayUnlimited VS General Credit Card. How different? Which one to choose?
For online shopping lines or people looking for a card to spend, many people are wondering how Shopee's new MasterCard digital card is different from the bank's "typical credit card." Today I summarize the highlighting differences.
1. Origin of limits and applications
The beginning of these two types of cards is completely different.
If you are ShopeePay Unlimited Card, this card will draw money from your ShopePay wallet or use the SPayLater limit that we already have. The advantage is that it is very easy to apply for this card. No payroll slip, no statement, and no strict credit bureau check. Very suitable for students, freelancers, or people without regular income.
The general credit card is a credit line specifically approved by the bank, which is redeemed with a more cumbersome application process, requires a minimum salary base as required, requires filing income documents, and a thorough financial background check.
2. Location of use and payment
In terms of adoption, the two cards are close in that they can be either online or swipe shopping on global storefronts with the Mastercard symbol or on the card page.
But the difference is in the "installment system." ShopeePay Unlimited will focus on the installment cut through the SPayLater system (up to 12 months), which will have the interest rate and fee required by the app on each bill, but if you buy before you pay later, there is no interest, while the general credit card will have an interest-free period (about 45-55 days) if you pay in full and usually have a promotion with the major stores for 0% installment for 3 months, 6 months or 10 months, which saves interest.
3. The difference between the sky and the abyss is benefits and privileges.
This is the biggest observation point and a major limitation of the Shopee card, so you can say, because when it comes to "value for added benefits," a typical credit card wins.
ShopePay Unlimited Card This card has no point collection system, no cashback credit, no promotion with any gas station, restaurant or hotel chain. This card only serves to make it easier for us to spend money in ShopeePay or SPayLater outside the app.
In contrast to a typical credit card designed for all-round benefits, every time we spend it will be changed to earn points to redeem rewards, redeem airfare (miles), or refund credit, as well as have the right to refund refueling time, shop a supermarket, or eat out. In addition, credit cards have access to the Airport Lounge, have parking spaces in the mall, or have accident insurance on the go.
💬 Summary What is the choice for us?
Choose ShopePay Unlimited Card If you are a shopee regular shopper, you already have a SPayLater limit, but want to open a way to take this limit outside to spend, such as paying for streaming, ordering food, or swiping general shopping, without the hassle of filing credit card applications and not paying an annual fee.
Choose a typical credit card if you: are a money management line, have regular income, and want to get back the value of every spend, like to collect points, want a cash back when refueling or eating, and like to use 0% installment promotions at department stores. Credit cards definitely answer more problems.
Note: The images shown in this review are just aesthetic illustrations. It does not mean that all credit cards are fully privileged according to all the information listed in the review. The benefits and conditions vary according to the card type and policy of each provider bank. Please study the information and conditions of each card thoroughly before applying.
* Use sparingly and repay in full as scheduled so that interest will not be lost up to 25% per year *
