A China Bank credit card enables cardholders to borrow money to pay for products and services from businesses that accept credit cards. The cards come with a minimum monthly spending limit, which is ₱5,000. If no minimum spending limit is indicated during the application, the default limit is ₱20,000. The monthly spending limit is shared with the principal account’s credit limit.

Types of China Bank credit card

China Bank has six types of credit cards, which are:

• China Bank Prime Mastercard®. This is the entry-level card you can easily use to manage your finances.

• China Bank Freedom Mastercard®. With this card, you may enjoy rewards and unique promotions without paying an annual membership fee.

• China Bank Platinum Mastercard®. It is a premium card with complimentary travel insurance that is aimed at the majority of wealthy travelers.

• China Bank Cash Rewards Mastercard®. This card enables you to get cash rewards on eligible purchases of up to 6%.

• China Bank World Mastercard®. With this card, you can access premium benefits, including personal concierge services, airport lounge access, and lifestyle events.

• China Bank Wealth Mastercard. Only clients of wealth management firms can get this card.

How to apply for a China Bank credit card?

To apply for a China Bank credit card, follow the steps below:

1. Visit the China Bank website, scroll down, and click on Credit cards.

2. Now click on China Bank credit cards. When the new page opens, click on your preferred credit card.

3. Check if you’re eligible for that card, and confirm if you have all the needed documents. Scroll down and click on Apply now.

4. The application form will be downloaded. Fill up the form and make sure you do not leave any space.

The filled application form can be submitted over the counter at any branch closest to you or online through the credit card email at cardsales@ChinaBank.ph. But if you’re advancing through email, ensure you do it with all the required documents.

Requirements

To be eligible to apply for a China Bank credit card, applicants must make sure they pass the below requirements and eligibility criteria.

China Bank credit card eligibility

1. Principal cardholders must be between the ages of 21 and 55, while supplementary cardholders must be at least 13 years old.

2. You must hold a major credit card with another bank that has been active for at least 12 months.

3. You must be a permanent resident of the Philippines who is either a Filipino citizen or a foreigner working there.

4. You must have worked as a regular employee or been an independent contractor with legitimate business activities in the Philippines for at least two years.

5. You must be earning at least ₱250,000 in gross annual income.

6. You must have a working email address, mobile number, and landline number.

China Bank credit card documentary eligibility

1. Fully completed and signed China Bank's credit card application form.

2. Identification documentation (at least one valid government-issued identification with photo and signature).

Pros and cons

Before applying for a China Bank credit card, you should weigh these benefits and drawbacks to determine if it is worthwhile.

Pros

• The application can be made online, which means it is hassle-free.

• There’s a wide variety of credit cards to choose from.

Cons

• You can quickly get debt stuck since you can easily spend even if you’re not with cash.

• There’s not much information on interest rates and extra charges.

How to repay?

On or before your payment due date, you can pay your minimum amount due, statement balance, or any amount in between using one of the following channels:

• China Bank branches closest to you.

• Log in to your China Bank online account or mobile app.

• Using a China Bank ATM.

• An automatic debit arrangement will be charged from your China Bank deposit account.

• *Other partnered merchants.

*For a list of all the partnered merchants, visit the China Bank website.

Steps for online payment

1. Log in to your online account using the website or mobile app.

2. Click on Credit cards, and navigate to Payment.

3. Select how you want to pay and follow the instructions.