What do I need to know about the PS Bank Credit Mastercard
The PSBank Credit Mastercard is the perfect credit card for those looking for money-saving features. This card has a lifetime of free annual fees being an amazing ally when it comes to saving money! Also, this credit card introduces a 0% installment program, which once again helps you to eliminate unnecessary charges.
Recommended by the UTUA team for those customers looking for a practical and cost-effective everyday-use credit card. The PSBank Credit Mastercard is also accepted worldwide, allowing you to shop globally both online and in person!
While it may not be the best fit if you are looking for other functions in a credit card such as increasing your credit score or accumulating rewards points, if you are simply looking for a cheap everyday credit card, look no further!
What are the main benefits of the PS Bank Credit Mastercard?
As mentioned before, some of the main benefits include a lifetime of no annual fees, worldwide acceptance both online and in person, 0% installment program that allows you to carefully manage your expenses and a 24-hour customer service is always at your service, making sure that you will always be taken care of.
What are the requirements to apply for the PS Bank Credit Mastercard?
✅Valid / Acceptable ID.
✅Average daily balance (ADB) or total relationship balance (TRB) of at least PhP188,000 for the last 4 months.
✅Have an existing credit card from other banks with a credit limit of at least PhP25,000 and date issued for at least 9 months.
✅Signed PSBank Credit Mastercard Application Form.
Fees and charges of the PS Bank Credit Mastercard
✅Annual Fee (Principal: Perpetually waived
✅Annual Fee (Supplementary): Perpetually waived
✅Retail Monthly Effective Interest Rate: 3.54% based on actual calendar day
✅Cash Advance Monthly Effective Interest Rate: 3.96% based on actual calendar days and Cash Advance Fee
✅Cash Advance Fee: PHP600 or 3% of the cash amount availed, whichever is higher. Additional PHP500 if transacted over-the-counter.
✅Late Payment Fee:PHP750 (effective March 1, 2017)
✅Over Credit Limit Fee:PHP700 per occurrence
✅Installment Pre-Termination Fee*: PHP500 or 5% of the remaining principal balance, whichever is higher
✅Gaming Fee: 5% of the amount transacted
✅Statement Reprinting Fee: PHP100 per request for printing and delivery of monthly statement
✅Returned Check Fee: PHP1,500 for every returned check
✅Multiple Payment Fee: PHP50 for each payment made to PSBank Credit Mastercard in excess of two (2) within a calendar month
✅Balance Conversion Processing Fee: PHP100 will be charged for every Balance Conversion transaction
✅Account Maintenance Fee: PHP200 or an amount equivalent to the credit balance, whichever is lower will be charged to accounts with credit balance that are closed or with no activity for the past 12 months.
I want to apply for the PS Bank Credit Mastercard!
To start your application process for the PS Bank Credit Mastercard simply click on the link below where you will be redirected to the products official website. Answer the verification questions, complete the form with your personal details, agree to the terms and conditions, and swiftly submit your application. The process is extremely easy and fast! Once you submit your application simply wait for the PNB team to get back to you!