Guide on Robinsons Bank Credit Card Fees To Be Charged / Waived During Grace Period
ROBINSONS BANK CREDIT CARD – Here are the lists of the fees and charges that Robinsons Bank will charge and waive during the grace period.
To help the people deal with the impact of the pandemic and as well as to assist the other sectors of the government amid the fight, the Republic Act No. 11494 or Bayanihan 2 was approved.
The new law is otherwise known as the Bayanihan to Recover as One Act (BARO). On the personal level, it aims to help people who have loans and credit card dues to pay amid the crisis.
Robinsons Bank is one of those banks that comply with the mandate of Bayanihan 2. It has released guidelines in availing it and as well as the qualification set.
For the Robinsons Bank credit card, the payment of a bill falling on September 15, 2020 to December 31, 2020 may be deferred. There is a 60-day grace period offer for clients who have updated accounts or with no past dues.
If you choose to avail the said grace period offer, the payment of your due will resume after 60 days. For example, you due date is September 17, it will be moved to November 17.
There are fees and charges that will be waived as you avail the 60-day grace period on your Robinsons Bank credit card bill. There are also fees that may apply or be charged. See below…
Charges Waived During 60-Day Grace Period:
- Late payment fee
- Interest on interest
Charges that may apply:
- Card Replacement Fee for lost cards
- Overlimit fee
- Returned check fee
The Auto-Debit Arrangement (ADA) will continue amid the grace period. Thus, you must inform the bank should you wish to avail the offer while being on an ADA.
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