SeABank Guidance On How To Use A Credit Card Smartly, Effectively, And Master Your Finances

Understanding how to use a credit card correctly not only provides convenience in payment but also helps avoid interest accrual and financial risks. Let SeABank guide you through the process of managing your credit card smartly.

1. Instructions for activating SeABank credit card features

SeABank credit card is not only a means of payment, but also integrates many convenient features such as:

• Transaction refund: Accumulate reward points and get a partial refund of the transaction value when paying online at major partners such as Shopee, Tiki, Amazon, AliExpress.
• 0% interest installment payment: Convert transactions from 3 million VND or more into installment payments with 0% interest rate through partners such as Payoo, mPOS, Bao Kim.
• Contactless payment: Use NFC technology for fast and secure payments.
• Samsung Pay: Link your card to the Samsung Pay app for convenient payments via phone.
• Special Offers: Receive e-vouchers, flight miles, discounts at partners such as BRG, Vietnam Airlines, Klook, Shopee.
• Smart spending management: Track transaction history and manage limits via SeAMobile or SeANet application.

To activate your credit card for the first time, customers need to perform the following steps:

• Step 1: Get a credit card from SeABank.
• Step 2: Call 1900 555 587 to activate the card.
• Step 3: Enter the OTP code sent to the registered phone number to confirm and get ready to use the card

After activating the card, you can easily enjoy the benefits of SeABank credit card with just a few simple steps.

Enable cashback

• Step 1: Make sure the card has been successfully activated.
• Step 2: Make online payment transactions at refund-supporting partners such as Shopee, Tiki, Amazon, AliExpress.
• Step 3: Bonus points will be automatically accumulated and returned to the card limit.

Activate 0% installment feature

• Step 1: Make transactions of 3 million VND or more at partners that support installment payments.
• Step 2: Select 0% installment payment method when paying.
• Step 3: Confirm installment period (03, 06, 09, 12 months).
• Step 4: A 0.8% installment conversion fee will apply.

Activate Samsung Pay

• Step 1: Download and install the Samsung Pay app on a supported phone.
• Step 2: Open the app and sign in with your Samsung account.
• Step 3: Add a SeABank credit card to the application.
• Step 4: Confirm the information and complete adding the card.
• Step 5: Use Samsung Pay to pay at accepted locations.

2. How to use a credit card 5 main functions of a credit card

2.1. How to use credit card for direct payment

Paying directly by credit card is a convenient method at the store or POS machine. Mastering how to use it will help transactions be quick, safe and manage expenses easily.

Payment via POS machine:

• Step 1: Present your credit card at the counter or insert it into the POS machine.
• Step 2: Staff scans card or customer scans at machine.
• Step 3: Enter PIN or sign confirmation depending on transaction requirements.
• Step 4: Receive transaction receipts and keep them to manage spending.

Contactless payment:

• Step 1: Touch the card to the POS machine with the NFC symbol.
• Step 2: Transactions are confirmed instantly without the need for signing or entering a PIN for small transactions.
• Step 3: Get a receipt if needed for your records.

2.2. How to use credit card for online payment

Online payment by credit card allows shopping, paying bills or services anytime, anywhere:

• Step 1: Choose to pay by credit card on the website or shopping app.
• Step 2: Enter card information including card number, expiration date and CVV/CVC code. 
• Step 3: Authenticate the transaction using OTP or security method provided by the bank.
• Step 4: Receive successful transaction notifications and save electronic receipts to track spending.

2.3. How to use a credit card to withdraw cash

Withdrawing cash from a credit card is a solution when you need cash urgently. Please note that you need to understand the limit, interest rate and transaction fee to use it properly and avoid high costs.

• Step 1: Insert your credit card into the ATM.
• Step 2: Enter your card PIN.
• Step 3: Select the cash withdrawal function and enter the amount you want to withdraw.
• Step 4: Confirm the transaction and receive the money and receipt.

2.4. How to pay in installments by credit card

Installment payment function helps to pay large transactions flexibly in many terms:

• Step 1: Make a qualifying purchase (usually from a minimum amount specified by the bank).
• Step 2: Select installment payment method when making transaction.
• Step 3: Confirm the installment period (e.g. 3, 6, 9, 12 months).
• Step 4: Check any installment fees, if any, then complete the transaction.
• Step 5: Keep track of your monthly installments and make sure to pay on time to avoid late fees.

2.5. How to use credit card to pay off debt

Paying your balance on time helps you avoid high interest rates and maintain a good credit history. Here are the steps to pay off your credit card balance:

• Step 1: Check your current balance on your statement or banking app.
• Step 2: Make a plan to pay off the entire balance or the minimum required.
• Step 3: Transfer money from your checking account to pay off your credit card balance. 
• Step 4: Confirm successful transaction and save the receipt or electronic statement.
• Step 5: Make sure to pay before the statement due date to avoid interest charges.

3. Revealing smart, effective ways to use credit cards to optimize finances

3.1. Register card limit not exceeding 50% of income

When applying for a credit card, you should choose a credit limit that does not exceed 50% of your total monthly income. This helps you easily control your spending, avoid bad debt and ensure your ability to pay off your balance on time.

3.2. Understand the terms of card use

Before using the card, carefully read the contract and terms of use provided by the bank, including interest rates, service fees, refund policies, and installment regulations. Understanding these terms will help you optimize benefits, avoid unexpected costs, and use the card effectively.

3.3. Do not use multiple credit cards at the same time

Using too many credit cards at the same time can make it difficult to manage spending and easily lead to overdue debt. To use cards effectively, you should keep a moderate number of cards, prioritize cards with incentives that suit your personal needs, and monitor transactions regularly to control spending and avoid the risk of bad debt.

3.4. Pay outstanding balances in full and on time

One of the important rules when using a credit card is to always pay the minimum balance or preferably the entire balance before the due date. This helps to avoid high interest rates, maintain a good credit history and make the most of card benefits such as cashback, reward points or installment offers.

3.5. Control spending within limits

To use your credit card effectively, always monitor and control your spending within the given limit. This helps avoid exceeding the limit, incurring penalty fees, and at the same time manage your personal finances scientifically and sustainably. You should use banking applications or electronic statements to help you track each transaction and plan your spending appropriately.

3.6. Avoid withdrawing cash from credit cards

Cash withdrawals from credit cards often come with high interest rates and immediate transaction fees. To optimize costs, you should limit or avoid cash withdrawals, instead using credit cards for direct or online payments. If you really need to, understand the withdrawal limit and interest rates to minimize additional costs.

3.7. Card information protection

To avoid the risk of fraud, always keep your card information including card number, CVV/CVC code, PIN code and OTP safe. You should never share this information with others, not store it on public devices, and be wary of untrusted websites or applications when making online transactions.

3.8. Take advantage of promotions and offers

Using a credit card wisely also includes taking advantage of cashback offers, points, discounts and promotions from banks or partners. This helps save costs and maximize benefits from the card.

Customers can refer to and register to participate in SeABank's credit card incentive programs today to maximize cashback, points and many other attractive incentives. If you need further support information about SeABank credit cards, please contact SeABank's customer care hotline at 1900 555 587 for advice.

4. Open a credit card quickly and safely at SeABank

SeABank offers a variety of credit cards, including SeA-Easy, SeATravel, SeALady Cashback, BRG Elite, SeABank Visa Platinum, Signature, BRG Golf SeABank credit cards. Some basic incentives:

• Annual fee refund
• Cashback on transactions up to 8%
• Attractive foreign exchange transaction fees
• Discounts up to 70% on dining, shopping, hotels,...

Conditions for opening a card

• Age: 18 – 65 years old.
• Vietnamese citizens or foreign individuals legally residing in Vietnam for at least 12 months.
• Have civil legal capacity and civil conduct capacity.
• Have a stable source of income to meet credit limit requirements.
• The application includes: Application for card issuance, identification documents (ID card/CCCD/passport), proof of income, and other documents depending on the type of card.

SeABank credit card opening process

Customers can go directly to the nearest SeABank branch, fill out the application form and submit documents so that the bank staff can guide them to complete the procedure and receive the card. In addition, you can completely open a credit card online through the SeAMobile or SeANet application.

• Step 1: Visit the SeABank website/app.
• Step 2: Select “Register” and the type of card you want to open.
• Step 3: Fill in the information as instructed.
• Step 4: Submit application and wait for bank review.
• Step 5: Staff will contact you to confirm and complete the procedure.
  Step 6: Receive physical card at the provided address and activate the card.

5. Frequently Asked Questions (FAQ)

1. What is a credit card annual fee?

Annual fee is the annual fee that the bank charges to maintain the card operation, including basic services such as account management, statements, customer support and additional utilities. The specific fee depends on the type of card and the policy of each bank.

2. What should I do if I lose my credit card?

Upon discovering the loss, the customer must immediately contact the bank hotline to block the card, and simultaneously proceed with the application for a new card. Timely notification helps avoid fraud risks and protects your credit account.

3. Are there any risks in using a credit card?

Using credit cards improperly can lead to risks such as overdue debt, high interest rates, card fraud or personal information disclosure. To minimize risks, you need to manage your spending reasonably, pay your balance on time and keep your card information secure.

Understanding and applying smart principles in credit card usage will help you control spending, maximize benefits, and protect card information safely. Appropriate card use not only provides convenience in payment but also contributes to building a good credit history, enhancing personal financial health.

Customers needing further information about SeABank's card products can contact the nearest transaction points or call the Hotline 1900 555 587 or visit the website www.seabank.com.vn.