Is this your first time getting your own payment card as part of your #adulting life?
In an era where payment cards have been sprouting left and right, the Atome Card is an excellent choice to start building your borrowing history and managing your finances as a self-sufficient adult.
That said, getting approved for your Atome Card is one thing; handling your bill is entirely different. Fortunately, this article provides the information you need to know to manage your Atome Card bill confidently.
What You Need to Know About Your Atome Card Bill
Your Atome Card is flexible and enjoyable to use once you fully understand how it works. Here are key facts you should keep in mind to be a responsible Atome Card user.
1. The difference between a physical and virtual Atome Card
Regardless of whether you use a physical or virtual Atome Card, you’ll receive the same billing statement. There are benefits and drawbacks to each card type; neither is best and will depend on your needs and circumstances.
Virtual cards, for instance, are designed exclusively for online purchases, while physical cards offer the flexibility to shop both online and in physical stores that accept Mastercards. It’s important to note that although virtual and physical cards have unique card numbers, they share the same spending limit.
Using both types of cards will impact your bill accordingly.
2. How your Atome Card billing cycle works
Atome Card follows the standard 30-day billing cycle. Transactions you make within this timeframe accumulate to determine how much you owe at the end of each cycle.
For example, let’s say your billing statement falls on the 1st of the month.
Suppose your billing statement on May 1 showed a balance of ₱1,000, then you pay it in full. If you make additional purchases totaling ₱1,500 after May 1, your billing statement on June 1 will reflect your new balance of ₱1,500.
This new balance serves as your outstanding amount after the completion of the billing cycle.
3. Current vs. Unbilled transactions
With direct correlation to your billing cycle, current transactions are part of your current Atome Card billing statement that you need to settle.
On the other hand, unbilled transactions will be included in your next billing statement. Be sure not to confuse one with the other to manage your payments accurately.
4. Your payment due date
Atome has a 10-calendar day grace period to settle your bill after you receive your billing statement. It’s best to check your billing statement regularly to avoid missing your repayment date. This also prevents you from incurring late payment fees.
5. The available Atome Card bill installment plans
Want to stretch your monthly budget? Our diverse installment plans are designed for you to establish and maximize a budgeting system.
However, remember that you can choose only one installment plan per billing cycle. Any subsequent installments, such as the 2nd or 3rd, will be added to your next outstanding balance along with newly incurred transactions.
Be a Responsible Atome Card User
Understanding your billing cycle, statement, and payment deadlines will cultivate a healthy financial mindset, enabling you to achieve your goals and secure a brighter financial future.
Download the Atome app and apply for the Atome Card today!
Apply For Atome Card!
