Landbank Credit Card Bills Covered by 60-Day Grace Period
LANDBANK CREDIT CARD – Clients of the Landbank of the Philippines may avail the 60-day grace period on their credit cards.
The top government bank in the country is Landbank of the Philippines. It has several offers to the public including bank accounts, loans, credit cards, and other financial services like money exchange currency.
Most government employees have accounts with Landbank as it is where their payroll is connected. Even the government scholars get their allowances through a Landbank ATM card.
As mentioned earlier, Landbank offers credit cards. You may visit – LANDBANK CREDIT CARD – Who Are Eligible To Apply For Credit Card To Landbank.
A lot of people have Landbank credit cards. Many individuals use their cards as preparation for the unforeseen circumstances like the unwanted but inevitable medical emergencies.
Now that the Philippines is under a crisis due to the COVID-19 pandemic, the government approved the Bayanihan To Recover As One Act which can help those who have existing loans and credit card bills to pay cope with the situation now.
The said new law mandates a 60-day grace period for qualified clients. The grace period includes loans and credit cards.
With regard to the Landbank credit card, clients who have updated accounts and have purchases before September 15 may avail the 60-day grace period. The balance will not incur late-payment charges or interest during the grace period.
On the other side, credit card transactions made on or after September 15 are covered by the offer. It may incur interest or late-payment charges once it is not paid.
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