Guide on Whether or Not UnionBank Credit Card Bills Is Covered by the Grace Period
UNIONBANK CREDIT CARD BILLS – Here is a guide on the coverage of the grace period implemented by UnionBank in compliance with Bayanihan 2.
Amid the COVID-19 pandemic, the government passed and approved the Bayanihan To Recover As One Act or more commonly called Bayanihan 2. This new law aims to help the different sectors of the government and the ordinary citizens cope with the demands of the pandemic.
A lot of businesses closed amid the pandemic. Many companies were not able to withstand the demands of the pandemic. They only incurred expenses with no income for several months.
Following the closure of several businesses, many people lost their jobs. Some of them have loans and credit card bills to pay.
One of the mandate of the Bayanihan 2 is a grace period on payments. UnionBank Philippines is one of those banks that were quick to issue announcements over their compliance to the new law.
UnionBank is not offering a grace period on loans. The UnionBank credit card bills that fall between September 15 and November 14 are also qualified for the grace period.
With regards to those who pay through the Auto Debit Arrangement, the bank will continue to deduct your payment from your account. If you want to avail the grace period, you may message the bank at [email protected] with the subject “Bayanihan-ADA Credit Card” on or before October 9, 2020.
Thank you for visiting our website. We hope we have helped you with regards to this matter. You may keep coming back for more informative guides.