Makati City, Philippines – March 25, 2026 — Union Bank of the Philippines (UnionBank) has officially unveiled iPhone Saver, a groundbreaking digital savings program designed to help Filipinos achieve two major financial milestones: owning their dream iPhone and securing their very first credit card. Launched at The Ark by UnionBank in Makati, the program introduces a market-first approach that merges savings, credit-building, and device ownership into a seamless, fully digital experience.
A New Way to Own Your Dream iPhone
With iPhone Saver, UnionBank is redefining accessibility by allowing users to save toward their target iPhone directly through the UnionBank Online app. Once the savings goal is achieved, customers are automatically eligible for a UnionBank Rewards Secured Credit Card, enabling them to purchase their device under highly flexible terms. This marks the first time in the Philippines that a deposit-based savings journey guarantees access to a credit card—bridging a long-standing gap for new-to-credit consumers.
Key Benefits That Make iPhone Saver Stand Out
UnionBank’s iPhone Saver program offers a compelling package of rewards and financial incentives: 5% Guaranteed Cashback where users earn cashback equivalent to 5% of their savings goal credited to their secured credit card and usable toward the iPhone purchase; 0% Installment for up to 24 months with the option to start payments after 3 months; exclusive discounts of up to ₱7,000 with installment pricing equal to cash pricing; a ₱3,000 eGift from Digital Walker and Beyond the Box; and no annual fees forever on the secured credit card with only a ₱1 spend requirement.
Simple 3-Step Journey
UnionBank has streamlined the process into three easy steps: first, save for your desired iPhone using the UnionBank Online app; second, receive your UnionBank Rewards Secured Credit Card automatically; and third, purchase your iPhone at exclusive partner stores. The entire process is 100% digital, eliminating the need to visit a branch.
Designed for First-Time Credit Users
One of the biggest barriers for Filipinos is gaining access to their first credit card, and iPhone Saver directly addresses this challenge. By using the customer’s savings as a security deposit, UnionBank is able to provide guaranteed approval for a secured credit card (subject to standard processing), creating a structured pathway for users to build their credit history responsibly.
Building Financial Confidence Through Innovation
UnionBank positions iPhone Saver as more than just a purchase program—it is a financial empowerment tool. The secured credit card acts as a training ground, helping users develop responsible credit habits such as on-time payments and proper utilization. This initiative aligns with UnionBank’s broader vision of becoming a NextGen Bank, leveraging digital platforms, data-driven systems, and customer-centric innovation to transform how Filipinos interact with financial services.
Availability
The iPhone Saver program is available to all UnionBank depositors without an existing UnionBank credit card. Activation is free and can be completed in as fast as five minutes via the UnionBank Online app.
