CHINABANK CREDIT CARD FEES: List of Updated Bank Fees & Charges

List of Updated Chinabank Credit Card Fees & Charges

CHINABANK CREDIT CARD FEES – Here is a list of the updated bank charges with regards to the China Bank credit card or Mastercard.

One of the banks in the Philippines which have credit card offers to the public is Chinabank. Undeniably, it is among the best things any bank could offer to the public.

By having your own credit card, you have something to run to in the face of financial insufficiency most especially during emergency times. You may also do big purchases and payments of bills through it and pay for it in installment to the bank depending on the terms agreed.

Although there are fees and charges that you have to pay for in using a credit card, visibly, its benefits outweighs these charges as long as you know how to handle and use it properly.

In line with the charges, on its official website, China Bank Corporation has posted on the updated list of the Chinabank credit card fees and charges.

Here is the list of the updated Chinabank credit card fees and charges:

Annual Membership Fee

• Prime
  • Principal – Php 1,500.00
  • Supplementary – FREE
• Platinum
  • Principal – Php 3,500.00
    
  • Supplementary – FREE
• World
  • Principal – Php 6,500.00
    
  • Supplementary – FREE

Finance Charge (Revolving Interest

• Prime – 3.5%

Late Payment Fee – Php 750.00

Charge Slip Retrieval Fee

• Local – Php 500.00 per copy of transaction slip
• International – USD 20.00 per copy of transaction slip

Card Replacement Fee –Php 500.00

Foreign Currency Conversion Fee

• 1.5% of the converted transaction amount plus Mastercard’s foreign exchange rate on the date that the transaction is posted.

Quasi Cash Fee – 7.5% of the transaction amount

Payment Processing Fee –Php 50.00 after the 3rd payment transaction

Minimum Amount Due – 5% of the total amount due or Php 500.00, whichever is higher

Data from China Bank Corporation‘s Website.