A groundbreaking financial tool is about to reshape how Filipinos handle their money—and its creators are betting big on artificial intelligence to make it happen.
Within the first year alone, the company behind this innovation aims to put half a million of these cards into the hands of users. The goal? Deliver a flexible pay network that lets people live life on their own terms.
“What Luvit Card does is to help you take advantage of financial flexibility,” the CEO explained at the launch. “It’s an access card designed for a modern way of living and to adjust to your lifestyle.”
The card is crafted specifically for young professionals just starting their careers. And it’s powered by proprietary artificial intelligence that the company says gives it an edge like no other.
That AI is the secret weapon. “Among the fintech cash lenders or even access cards, we should have the lowest default rate because of how smart our AI is,” the CEO declared.
He expects the default rate to stay in single digits—a bold claim in an industry where risk is everything.
Unlike traditional loan products, this card works as both a virtual and physical tool, designed for everything from daily purchases to travel. Users get up to 40 days of zero interest, with no hidden fees or annual charges.
Spending limits range from 6,000 to 200,000 pesos, with installment plans spanning three to six months. Interest rates sit between 3% and 8%, but the smartest borrowers can earn better terms.
“The more of a good borrower you are, the better your credit terms are,” the CEO revealed. “If you’re a repeat borrower and you pay on time, eventually, your interest rate will be lower, your loan amount will be higher, and your tenor will be longer.”
That dynamic pricing model adapts to each user’s behavior, rewarding responsibility with ever-improving financial power. The company plans to reinvest heavily in branding, research, and user experience over the next three years before turning a profit on the card.
