RCBC Credit Card Bills Covered by 60-Day Grace Period Amid COVID-19 Pandemic
RCBC CREDIT CARD BILLS – The payments for RCBC credit cards are under a 60-day grace period following the approval of the Bayanihan 2.
A lot of people are currently struggling in terms of their finances amid the COVID-19 pandemic. Many individuals lost their jobs amid the crisis in the country.
The community quarantine measures that are still up in the entire Philippines are all for good reasons but, unfortunately, many businesses were not able to cope with it.
Several businesses incurred only expenses with no income for several months thus some businesses had to close. It is a lost of source of income for both the employers and the employees.
To aid the people, the Republic Act No. 11494 or the Bayanihan To Recover as One Act was passed and approved by the government. Under it, loan moratoriums are offered.
Aside from a moratorium on loans, the Rizal Commercial Banking Corporation also offers a 60-day grace period on RCBC credit card bills. According to the private bank, due dates that fall within September 15 and November 15 are covered by the grace period.
For clients who have already paid their RCBC credit card bills ahead, you may avail the grace period the next month. For example, you have already paid for your October 2 bill to RCBC, you may avail the one-time 60-day grace period on your next bill on November 2.
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