UnionBank of the Philippines (UnionBank) continues to redefine the digital banking landscape with the launch of iPhone Saver, a breakthrough, market-first program designed to foster financial inclusion while helping Filipinos achieve their lifestyle goals.
The iPhone Saver program is a fully digital savings initiative that offers a seamless path for new-to-credit customers to build financial confidence. By completing a personalized savings goal via the UnionBank Online app, users are guaranteed approval for their first-ever UnionBank Rewards Secured Credit Card, which they can then use to purchase a new iPhone at the most affordable rates in the market.
Innovation with a Purpose: Bridging the Credit Gap
For many Filipinos, securing a first credit card is a challenge due to a lack of established credit history. UnionBank’s iPhone Saver solves this by using the customer’s own savings as a security deposit. This “training wheels” approach allows the bank to guarantee credit approval, helping users build a positive credit score through responsible spending and on-time payments.
“iPhone Saver is more than just a savings tool; it’s a financial launchpad,” says UnionBank. “We are proud to offer a 100% digital journey that rewards disciplined saving with guaranteed credit access, empowering our customers to own the latest technology while mastering responsible credit behavior.”
Exclusive Rewards and Unbeatable Value
Participants in the iPhone Saver program enjoy a suite of premium benefits designed to make their dream device more attainable:
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5% Guaranteed Cashback: Earn cashback on your total savings goal, credited directly to your new card to offset your iPhone purchase.
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Special Installment Pricing: Purchase iPhones at 0% interest for up to 24 months at Digital Walker and Beyond the Box. Customers can even opt for a “Buy Now, Pay 3 Months Later” scheme.
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Exclusive Discounts: Access cash-equivalent pricing with discounts of up to ₱7,000, plus a ₱3,000 eGift from Digital Walker and Beyond the Box.
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No Annual Fees Forever: The UnionBank Rewards Secured Credit Card comes with no annual fees for life (with a simple ₱1 spend requirement).
A Frictionless, 100% Digital Journey
The program is designed for the modern consumer, requiring zero branch visits. The process is simplified into three easy steps:
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Save: Set and reach your iPhone Saver goal using the UnionBank Online App.
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Secure: Once the goal is met, a UnionBank Rewards Secured Credit Card is automatically provisioned—no separate application required.
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Shop: Use the card to purchase your iPhone at exclusive partner stores.
Availability
The iPhone Saver program is available to all UnionBank depositors who do not currently hold a UnionBank credit card. Activating a goal in the app is free and takes as little as five minutes.
About UnionBank of the Philippines
UnionBank is a leader in digital transformation, consistently recognized as one of Asia’s leading companies in banking and finance. With a focus on “Tech-Up Pilipinas,” UnionBank remains committed to providing innovative solutions that promote financial inclusion for all Filipinos.
