RCBC Credit Card Security Features and Fees
We have heard of the wonders the simple swiping of credit cards can do.
However, these also come with financial risks, especially with the many fees involved with a credit card. If this is your first time, you must look around for the perfect credit card.
How secure are RCBC Credit Cards?
RCBC Credit Card Security Features
With the increasing number of Filipinos getting into online shopping, RCBC has created Shop Secure with MasterCard and Visa. This provides added protection to their cardholders against fraudulent activities. All you have to do is enroll for free.
Once you have finalized your enrollment, you will notice that the screen will always ask for your SecureCode (for RCBC MasterCard) or Password (for RCBC Visa credit card) each time you buy online. The screen will include a personalized greeting you have created yourself upon Shop Secure enrolment. It only contains alpha-numeric symbols and does not include characters such as @ $ %! #.
Your personal greeting will ensure that the screen is from RCBC Bankard. This prevents phishing through fake windows or screens. Some fraudsters create fake screens (some look legit) asking for your RCBC card’s information.
If you enter your details, they can get more information and use it for fraudulent activities. After studying the screen and being confident it is from RCBC Bankard, you can enter your SecureCode or Password. If you are in doubt due to discrepancies with your personal greeting, do not hesitate to contact RCBC Bankard Customer Service.
You can complete your purchase only when you have correctly entered your SecureCode or Password. Be sure you don’t write your SecureCode or Password on the back of your RCBC card. Most importantly, don’t share it with anybody.
Nobody else can use your card for online shopping. If you forget your SecureCode or Password, you have to register again. You can also edit your personal greeting by accessing the Account Management feature. Make sure the code you create is easy to remember but hard to guess for everybody else. Always take these measures to keep your RCBC secured credit card.
How to enroll for RCBC Credit Card for Shop Secure
If you don’t know how to register an RCBC credit card, follow the steps below.
- Visit RCBC Bankard MasterCard SecureCode.
- Key in your 16-Digit RCBC Bankard number
- Click “Register Now!”
- Register with a temporary PIN which you can get upon calling the Customer Service Hotline at 888-1888.
- Continue registration with 4 steps
- Enter the 16-digit card number and email address
- Verify identity with your name, birth date, and Signature Panel Code (CVC)
- Create SecureCode/Password with 6 numeric characters only and make a Personal Greeting comprising 1-30 alpha-numeric characters.
- Registration is Completed
RCBC Credit Card Web Shopper
This reference device is specifically for online transactions, which do not require you to present the real card afterward.
This prevents you from using the information from your real credit card, thus keeping it safe. With the RCBC Bankard Web Shopper, you can use a series of numbers. Expiry Date and Card Validation Code/Value differ from your real credit card. The credit limit with RCBC Bankard Web Shopper is also set lower than your actual RCBC credit card credit limit.
RCBC Credit Card EMV Chip Technology
EMV Chip Technology is an innovation named after its developers Europay, MasterCard®, and Visa®. The cardholder’s data is embedded in microprocessor chips. However, it still has the magnetic strip since not all stores can support this new technology.
The credit cards with EMV Chip Technology are dipped into a terminal slop instead of being swipe type. As of now, most stores are still using the POS, which requires card swiping.
RCBC Bankard CREDIT PROTECT Plus
RCBC Bankard CREDIT PROTECT Plus is a protection program that covers accidental death, permanent disability through an accident, credit life, Identity Theft & Cloning, and Lost/Stolen Cards. You can choose between PLAN 175 and PLAN 275.
RCBC Credit Cards Fees
You may be grateful for various security features with RCBC Bankard credit cards. Also, you must arm yourself with the knowledge of the fees you have to pay to protect yourself from other avoidable financial risks.
RCBC Credit Card Monthly Interest Rate
The Retail Monthly Effective Interest Rate of an RCBC bank card is 3.50%/3.54%.
Note that you will not be charged any interest rate if you pay the full bill amount on or before the RCBC Bankard payment due date.
RCBC Credit Card Replacement Fee
With each replaced card, you have to pay P300.
Report loss or theft as soon as possible to have a card replacement as soon as possible. However, you will have to pay P300 as the replacement fee.
RCBC Credit Card Cash Advance Interest Rate
The RCBC cash advance credit card has a Monthly Effective Interest Rate of 3.55%. However, you will be charged daily as long as you cannot pay your bill in full.
RCBC Bankard credit cards allow you to make a Cash Advance to be deducted from your credit limit. Still, you must remember that it has a separate interest rate apart from the charged interest rate on your card purchases.
RCBC Credit Card Cash Advance Fee
Aside from the cash advance interest rate, you will also be charged an RCBC Bankard cash advance fee. It is 3% of withdrawn cash or P500, whichever is higher.
RCBC Credit Card Late Payment Fee
If you fail to pay the minimum required payment, you will be charged a late RCBC credit card penalty. It usually costs 7% of the latest due amount, or P200. To prevent this fee, pay at least the minimum required payment.
Service Fee for Foreign Currency Transactions
You have to pay 3.5% of the converted purchase amount.
Do you go online shopping and make a purchase in a foreign currency? You will be charged a service fee if you use your card abroad. Remember to carefully check your bill to see if there has been any error regarding the service fee for foreign currency purchases.
Regardless of how well various features protect your credit card, remember that you also have to protect yourself. For example, financial risks are due to irresponsible use of credit cards or just a lack of knowledge. Read the fine print carefully. Know your responsibility as a cardholder and the fees you have to settle to avoid going into debt.
If you need cash to make a once-in-a-lifetime purchase or to pay your credit card bills, you can apply for a loan at Cash Mart today.
Frequently Asked Questions
What are the RCBC credit card requirements?
Applying for an RCBC credit card needs only a few documents. However, it depends on your employment status. See the list of requirements below.
For Employed Filipinos
- One valid ID. It can be your Company ID, Driver’s License, SSS, TIN, or Passport.
- Any of the following paperwork.
- Original Certificate of Employee (last 6 months with the affixed signature of authorized HR personnel and states details of your annual income)
- Latest ITR and/or W2 (needs a Bank or BIR Stamp)
- Latest bank statement (indicates the current month’s salary credit)
- Recent payslip (indicates your monthly salary)
For Self-Employed Filipinos
- One valid ID. It can be your Company ID, Driver’s License, SSS, TIN, or Passport.
- Latest ITR and/or W2 (needs a Bank or BIR Stamp)
- Latest bank statement (indicates the month’s cash credits or sales receipts)
- Recent Audited Financial Statement (AFS) (must have a stamp as proof of received by BIR)
Who are eligible for RCBC credit card?
Applicants who wish to have their own credit card from RCBC must fit the following criteria:
- Filipino with local residency
- Employed and Self-employed Filipinos
- Age must be at least 25 to 65
- Possess an active contact number and office landline
How to avail credit card in RCBC
Do you want to continue the journey of securing your RCBC credit card? Follow these steps:
Step 1. Assess if you are eligible for a credit card from RCBC.
Step 2. Ready all the documents needed to process your RCBC credit card application.
Step 3. Choose the most appropriate credit card for you. RCBC offers various types of cards. You can use each depending on what you need the most.
Step 4. Visit an RCBC branch near you and inform the bank staff about your concern.
Step 5. Submit your completed application form with all your requirements.
Step 6. Wait for the feedback on whether your credit card application gets approved or denied.
Is there RCBC credit card online application?
Yes. You can apply for an RCBC Bankard credit card while staying home. First, visit the official RCBC credit card website. Then, click “Apply Now” and read the information that will pop up. These are the credit card fees, charges, rates, installments, and more. Once you understand all the details, tick the “I Accept” box. Afterward, you must provide pre-application, personal information, employment, and financial details. Then, you can upload all the paperwork. Take note that part of the online application is video verification. When you do it, make sure to remove anything that might cover your head and face. For example, eyeglasses, face masks, caps, and others.
How to cash advance RCBC credit card?
If you’re looking forward to having an RCBC cash advance, it is available six months after the cash issuance date. Be reminded that your Cash Advance PIN will be mailed to you. Once you have your PIN, you can withdraw your cash up to the Cash Advance Limit. It is open to any ATM with the Bancnet, Cirrus, Plus, JCB, or UnionPay logo. However, don’t forget that every cash advance transaction costs Php 200 fee.
