Guide on PNB Essentials Mastercard Features & Requirements for Application
PNB ESSENTIALS MASTERCARD – Here are the features of this credit card offer of the Philippine National Bank or more commonly called PNB.
Are you in search of a credit card that you can use in your everyday purchases and can help you earn from your spending? One of the entities that you may turn to for this type of credit card is the Philippine National Bank.
More popularly called PNB, the Philippine National Bank is one of the biggest banks in the country that is operating for several years already. It has several offers including the PNB loans that serve different purposes and credit cards of different kinds.
One of the excellent credit card offers of the Philippine National Bank is the PNB Essentials Mastercard. It allows the cardholders to enjoy flexible rewards from the everyday essentials.
- secured spending with Card Protect
- earn rewards points for Cash Credits and Mabuhay Miles
- Mabuhay Miles (PHP 70 = 1 rewards point = 1 Mabuhay Mile)
- Cash Credits (PHP 70 = 1 rewards point)
- free annual fee for life for all PNB Supplementary Credit Cards
- pay bills in Peso even for purchases and payments in other countries
- up to P250k coverage for only P120 per year for the Fraud Transaction Insurance
- global acceptance, online acceptance
- contactless payment
- up to P1M coverage when traveling on a round-trip flight or travel charged on the credit card
- cash advance up to 30% of the credit limit
- multiple installment options such as the following:
- Balance Transfer or moving the balances in your other credit card to your new PNB Credit Card
- Convert-to-Cash, by converting your credit limit to cash and pay light installmentrs
- Transaction Conversion, convert your straight payments into installments
- Zero % Affordable Payment Plan (ZAPP), zero interest for installments up to 24 months when shopping in PNB partner merchants
- up to P250k coverage for purchases with Free Purchase Protection Insurance
Who are qualified to apply for the PNB Essentials Mastercard credit card offer? Here are the documents required by the bank for application:
- at least 21 years old but not more than 65 years old at the time of the credit card application
- with an annual income of at least Php 120,000
The credit card offer is open not only for employed and self-employed individuals but as well as for foreign nationals. Here are the documentary requirements in applying for PNB Essentials Mastercard:
Employed Filipinos
- latest one (1) month payslip or Certificate of Employment indicating the Gross Income, Date Hired, and Position or ITR or active principal credit card number with at least 1 year membership
- government-issued ID bearing photo and signature
- Proof of billing (any of the following):
- Utility Bills
- Credit Card Statement of Account
Self-Employed Filipinos
- Latest Income Tax Return with BIR Stamp and latest Audited Financial Statement
- government-issued ID bearing photo and signature
- Proof of billing (any of the following):
- Utility Bills
- Credit Card Statement of Account
Foreign National
Option 1
- Passport
- Alien Certificate of Residence (ACR)
- Proof of billing (for non-carded or non-depositor)
- Utility Bills (electricity, telephone, etc.) or Credit Card Statement of Account
- And any of the following:
- National ID
- Internal Revenue Service (IRS) ID
- Social Security Number (SSN) ID
- Driver’s License
- Work permit issued by DOLE (mandatory requirement) if employed in the Philippines
- Company ID issued by private entities or institutions registered with or supervised or regulated either by the BSP, SEC, or IC
Option 2
- Passport
- Unexpired Philippine Retirement Authority ID (PRA) or Special Resident Retiree’s Visa (SRRV)
- Proof of billing (for non-carded or non-depositor)
- Utility bills (electricity, telephone, etc.) or credit card statement of account
- And any of the following:
- Bureau of Immigration Approved Order
- Certificate of Deposit issued by the Bank where the PRA/Visa is deposited
