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Bank of Commerce credit cards for february 2024

Bank of Commerce
Apply for a credit card at Bank of Commerce. On 22.02.2024 you have access to 5 credit cards. Increase your chances of getting money — fill out a multi-application with a free credit rating check.
Offers: 5
Updated:
31.08.2022
07:36
Bank of Commerce
Cash Installment Credit Card®
Rating by Finanso®
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The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
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300
650
1000
Bank of Commerce
World Mastercard®
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
Bank of Commerce
Platinum Mastercard®
Rating by Finanso®
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The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
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300
650
1000
Submit your credit card application online
Submit your credit card application online

Take advantage of our credit card selection system with a free credit check!

Bank of Commerce
Gold Mastercard®
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
Bank of Commerce
Classic Mastercard®
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
Bank of Commerce loan calculator

Choose the amount and interest rate and you can calculate the monthly payment.

Calculate the loan at Bank of Commerce
Loan amount
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Specify the desired loan amount

PHP
PHP
100000 ₱
5000000 ₱
Loan term
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Specify the loan term for the calculation

months
days
12
60
Annual Interest Rate
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Choose the interest rate on the loan

5 %
30 %
Type of payments
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Specify the type of payment for calculating

Interest rates on credit cards in the Philippines

According to the guidelines for Bangko Sentral ng Pilipinas Circular No. 1133, Series of 2021, on the ceiling/s of interest rates and other fees charged by lending companies, financing companies, and their online lending platforms, the maximum nominal interest rate for unsecured loans is 6% per month (0,2% per day), and the maximum effective interest rate is 15% per month (0,5% per day). The caps apply to unsecured loans of no more than ₱10000 and payable within four months.

Credit Card Application Online of February 2024

Credit card limit
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Specify the credit card limit amount

10000 ₱
150000 ₱
Mark Levin
Your data is securely protected
Savii
1
No comment yet coz im not yet approved in my application
Review
DIGIDO
5
very fast
Review
Kviku
4
Please address my concerns regarding my loan application and its processing...
Review
Kviku
1.6
Warning: This lender is predatory and extremely dangerous. Do not use this app for loans as they will trap you with impossible and maliciously high interest rates...
Review
Kviku
1.4
I was charged an excessive amount by KVIKU. My last loan was approved on November 25th, 2022 for 5000 pesos...
Review
Kviku
1.8
High Interest Rate. They approved my auto loan without discussing repayment options in full. Instead, they sent me a contract with scheduled payments, which is nowhere near the advertised 0...
Review
Bank of Commerce credit cards for february 2024

The Bank of Commerce offers credit cards that enable you to carry out transactions and get invoiced in Philippine Peso. It is less complicated and more advantageous.

Users have access to the following services if they start using Bankcom credit cards:

  • You can receive one reward point for every ₱25 they spend. When using the card at specific restaurants and retail stores, you can earn up to 5x rewards points.

  • You can transfer your outstanding balances from other credit cards to take advantage of low monthly interest rates.

  • You can make contactless payments through credit cards.

Types of credit cards offered by Bank of Commerce

  • Classic Mastercard. With a flexible and rewarding everyday classic credit card, you may enjoy financial flexibility. You can pay for your fuel, utilities, groceries, or installment payments and earn rewards on every money you spend with a classic Mastercard.

  • Gold Mastercard. With the Gold Mastercard, you can live stress-free and benefit from more considerable spending restrictions and better purchasing power. Enjoy more benefits and points on your purchases while you shop, eat, and travel.

  • Platinum Mastercard. Enjoy the comforts of life and the flexibility to use your premium card to buy anything. You can utilize the card anywhere in the world to enjoy thrilling privileges and special perks.

  • World Mastercard With World Mastercard, you can gain access to remarkable experiences, benefits, and privileges for luxury travel.

Requirements

Eligibility

  • For principal cardholder, applicants must be between the ages of 21 and 65, and for supplementary, they must be at least 15 years old.

  • They must be filipino nationals or foreign national residents.

  • For the Classic MasterCard, Gold MasterCard, and Platinum MasterCard, the required minimum yearly income is ₱120,000, ₱455,000, and ₱1,200,000, respectively.

  • Home landline or postpaid mobile phone and an office or company landline will be required.

Required documents

  • Complete application form for a credit card from the Bank of Commerce.

  • One copy of a valid ID with a photo for Principal and supplementary cardholders as required.

  • Evidence of Income

For employed applicants

  • Latest Certificate of Employment and Compensation.

  • Latest 2316, W2, or ITR.

  • Three months payslip.

For self-employed applicants

  • Copies of official documents, like certificate of registration of business name for a single proprietorship from the DTI.

  • If its a Partnership, SEC-issued certificate of registration and articles of partnership.

  • If its a corporations, latest articles of incorporation (AOI), By-Laws (BL), and certificate of registration issued by the SEC, certificate of filing of AOI and BL, board resolution, or section. A certificate and an officers' list.

  • The most recent ITR for the last two years is duly stamped as received by BIR or a designated bank.

  • The most recent audited financial statements (AFS) for the last two years, duly stamped as received by BIR or a designated bank

  • Last six months' worth of bank statements.

For foreign nationals

  • Certificate of employment and compensation, original and most recent.

  • Assignment deed for a hold-out that is deposited.

  • Original consolation note

  • Any of the following, investor's special resident visa, PEZA issued visas, authenticated passport copy, alien certificate of registration or work permit certified true copy

Pros and cons

Below are some of the pros and cons you should consider before you apply for a Bankcom credit card.

Pros

  • You can use it across multiple platforms and more than 30 million associated businesses accept the Bank of Commerce credit card.

  • You can pay for your utilities, groceries, or installment payments and earn rewards on every money you spend with a classic Mastercard.

Cons

  • You will be entitled to many charges for operating the credit card like finance charge, cash advance fee, cash advance service charge, over limit fee, etc.

  • You will not be able to use most of the features as they are only available to the Platinum and World Mastercard users.

How to repay the Bank of Commerce credit card bills?

Cardholders can pay with cash, check, or by instructing their Bank of Commerce bank account to transfer funds. All payments must be received and posted by the payment due date specified on your statement. You can pay your credit card bill using any of the methods listed below:

  • In person at any Bank of Commerce branch nationwide.

  • Using the ATM at Bank of Commerce.

  • Bank of Commerce internet banking, following the steps below:

    • Open the Bank of Commerce mobile app, and login with your details.

    • Tap on Credit cards and then Pay bills.

    • Choose the amount you want to pay and tap on Submit.

    • Your payment will be updated immediately.

FAQ

What is Mastercard Contactless?

By merely touching the card on any contactless payment terminal, Mastercard Contactless employs a concealed embedded computer chip and radio frequency antennae to complete a secure and safe payment transaction.

How can I use my Bank of Commerce Mastercard Contactless credit card to make a payment?

Simply touch the contactless payment terminal at the checkout counters with your Bank of Commerce Mastercard Contactless credit card to make a transaction.