China Bank Credit Card: Facts and Limitations You Need to Know
China Bank Credit Card Facts Updated on April 2023
Looking for your first credit card?
Most people believe that credit cards are keys to the gateway of debts. This happens when you choose the wrong credit card you cannot handle.
Banks offer credit cards, which means you get items through approved short-term loans. Credit cards do not let you have items for free. It is a loan you must pay on its due date, or you’ll be charged with the outstanding interest rate.
When choosing a credit card, you need to take note of certain facts and limitations, such as the credit cards offered by China Bank.

Credit: https://www.chinabank.ph/credit-cards
China Bank Credit Card Eligibility
When planning for your ChinaBank Credit Card application, you must consider your personal qualification. You must be a Filipino citizen who is at least 21 years old. A bank account is not a specific requirement, but it has advantages. If you are a China Bank Depositor, you apply for a credit card even if you are already 70 years old.
Of course, you will also need a regular job with a Gross Annual income of at least Php 120,000.00 for China Bank Prime MasterCard, Php 500,000.00 for China Bank Platinum MasterCard, and Php 1,000,000.00 for China Bank World MasterCard.
ChinaBank Credit Card Required Documents
If you think you are eligible for the China Bank Credit Cards, you must present the required documents to be approved quickly.
- At least one valid government-issued ID. The ID must have your colored photo.
In addition, you have to consider your employment status. Private and Government Employees must submit at least one of the following:
- Latest three months’ payslip
- Certificate of Employment
- Notice of Salary Increase
- Employment Contract
- Other Bankcard (must be 12 months on books)
However, not all comply with the requirements above. Self-Employed or Self-employed Professionals must submit all of these documents:
- Income Tax Return (BIR form 1701)
- Audited Financial Statement
- Business Registration (DTI or SEC)
ChinaBank Credit Card Rewards Program
Experience the best with China Bank with these rewards.
- You get one (1) China Bank Credit Card Point for every P200 spent in Supermarkets, Drugstore, and Gas Stations.
- Get one (1) China Bank Credit Card Point for every P25 spent on other transactions.
- Note that the Foreign Currency transactions will be converted to the Philippine Peso equivalent before being computed into Credit Card Points earned.
- All of the available Credit Card Points will be forfeited if you fail to pay on the due date or are delinquent for ninety (90) days
- China Bank Credit Card Points are only for one (1) year
- Points Redemption
Required Points | Minimum Rewards Redemption |
3,750 | PHP 250 Cash Credit |
10,000 | 500 SM Advantage Points |
8,000 | 1,000 PAL Mabuhay Miles |
China Bank Credit Card Balance Transfer Program
Balance Transfer means that China Bank will pay off your outstanding credit balance in other banks. The minimum balance transfer amount is at least Php 3,000. In addition, it takes 25 days for the request to be approved. Also, any additional charges on your credit card debt during the processing period of 25 days will still be charged to you.
Any amount approved in your Balance Transfer will not accumulate any reward points. Your application shall be processed and approved based on the available credit limit you have on your China Bank Credit Card.
If you fail to pay four consecutive minimum amounts of dues, the bank will take action to collect your dues. In the case of pre-termination and you want to settle the amount ahead of the agreed date, China Bank shall charge a five percent (5%) handling fee. Also, the approved China Bank Savings Credit Card application no longer be canceled.
ChinaBank Credit Card Merchant Installment Program
You must have a single-receipt transaction minimum purchase amount based on the merchant. The installment terms are from 3 to 24 months. However, it depends on the store where you bought the item. Not all of the items in participating stores are in installments.
The entire amount of the item will be deducted from your credit limit. In addition, it does not allow pre-termination.
China Bank Credit Card Review
Balance cannot be checked online. In check payments, it will take three (3) banking days to reflect the payment.
Also, the installment program minimum amount and term depend highly on the merchant, not the bank.
Ask the store clerk about this first.
Balance transfer processing takes 25 days. This is almost a month. If it takes too long, you might consider looking for other options, such as a personal loan.
When choosing a credit card, checking the promos, free stuff, and features is fun. Also, it is important to check out their terms and conditions.
Not reading and understanding the fine print will surely put you at risk of unknowing into debt.
If you have an emergency, it is best to get a personal loan online to avoid the steep interest charged daily.
Credit cards from ChinaBank do serve their purpose. However, if you need immediate funding, take a loan from a trusted money lending company like Cash Mart Philippines.