Guide on Landbank Gold Credit Card Features & Application
LANDBANK GOLD CREDIT CARD – Here is a guide on the features and the requirements in applying for the credit card offer.
Nowadays, more and more people realize that there are really a lot of benefits for the credit cardholders as long as you know how to use a credit card well. That is why many people are in the pursuit of applying for one. Are you one of these individuals?
In the country, one of the entities that you may turn to for credit cards is the Landbank of the Philippines. It is one of the biggest banks in the country and it is in the service of the Filipino people for decades now.
The government bank has several credit card offers. One of those that you may apply for is the Landbank Gold Credit Card.
The Landbank Gold Credit Card comes with excellent features. Here are some of the best aspects that you may get to enjoy if you become a cardholder of this type of credit card by the government bank:
- access to cash advance of up to 30% of the credit limit
- global acceptance among over 30 million Mastercard-accepting merchants locally and internationally
- lower interest rate at 3% per month
- convenience billing system through the Electronic Statement of Account (eSOA)
- enhanced credit card security features through the EMV Technology for safer customer and card information
- earn one (1) Reward Point for every P50 spent online or via Point-Of-Sale (POS) terminals using your Landbank credit card
- Purchase E-mail Alert that sends you alerts through your nominated e-mail address notifying you for every purchase made using your Landbank credit card
- 24 Hour Lost Card Hotline
- 3D Secure One Time Password (OTP) for added security when shopping online
- Easy Pay/ Equal Monthly Installment (EMI) – Add-on rate at 1%
- Single Currency Billing
Who are qualified to apply for the Landbank Gold Credit Card offer? For eligibility to this finance product offer of the government bank, you must be at least 21 years old but not more than 65 years old and with a stable source of income.
Furthermore, the government bank requires the credit card applicants to hve no adverse findings on Credit Information checking and must be earning a minimum income of Php 150,000 per year.
With regards to the fees under the Landbank Gold Credit Card offer, it is important to check on them before filing any application. This is also true in any other credit card application. In the case of the Landbank offer, here are the charges set under it:
- Annual Membership Fee
- Principal Card — Php 2,500.00
- Supplementary Card — Php 1,000.00
- Cash Advance Fee — 5% of amount withdrawn but not exceeding P200.00
- Foreign Exchange Conversion Rate — Based on prevailing Mastercard Foreign Currency Conversion Rate plus 2% Assessment and Service Fee
- Card Replacement Fee — Php 300.00 for each card
- Returned Check Fee — Php 500.00
- Sales Slip Retrieval Fee — Php 350.00
- Statement Printing/ Reprinting Fee — Php 100.00
- Installment Pre-termination Fee — 5% of remaining balance or P300, whichever is higher
- Minimum Amount Due (MAD) — This is the sum of the following:
- 3% of Outstanding Balance (less Over Limit and/or Installment Amount, if any) or whichever is higher
- Installment Amount
- Overdue Amount
- Over Limit Amount
To apply for the credit card offer, there is a list of the Landbank Credit Card requirements you must submit for application.