Searching for a low-interest credit card to make cashless purchases, shop online and earn rewards points? Want something with the best cost advantages in the industry? Accepted locally and internationally, a Landbank Credit Card is what you need.
Fulfilling all the basic card functions of a credit card, such as purchases and instalments, it also features a rewards program, personal accident insurance and one of the lowest interest rates in the market. Here’s how to apply for a Landbank Credit Card.
Landbank Credit Card Features & Benefits
With its affordable annual fee of ₱1,000, the Landbank Credit Card, available as a Mastercard, can be counted as one of the best deals on the market. Let’s explore the benefits and features of the Landbank Classic International Credit Card…
One of the best features of the Landbank Classic International Credit Card is its rewards program. Through this program, you can earn 1 point for every ₱30 spent online or on physical point-of-sale (POS) terminals. You can then use rewards points to pay for your purchases, annual card fees and other relevant charges. You can even use your card in over 30 million accredited partner establishments around the globe.
Secondly, you get FREE Personal Accident Insurance, where you are insured for up to P2,000,000 in case of personal accident.
Another perk you can experience is the cash advance facility. As a cardholder you can get up to 30% of your credit limit through ATMs of MasterCard member banks.
For added security and peace of mind, this card is also equipped with EMV technology to safeguard and enhance customer transactions.
How To Apply For A Landbank Credit Card
To be eligible for a Landbank Classic Credit Card you must be aged 18+, have a stable source of income amounting to a minimum annual salary of P240,000 and a good credit score.
If you are interested in applying for a Landbank Credit Card you can simply fill out the form found on the Landbank website and take it in to your nearest branch along with your supporting documents.
Other documents you must bring include: 1×1 ID picture, valid ID, proof of billing address and proof of income.
If you are employed you will need to show the following.
- Latest Income Tax Return (ITR)
- Certification of Employment with complete breakdown of salaries and remunerations
- Payslips for the last three (3) months
- Valid ID (with photo and signature)
- Proof of Billing Address
- Alien Certificate of Registration (ACR) or I-Card (for resident aliens)
If you are self-employed you will need to show the following.
- Registration papers with Department of Trade and Industry or Securities and Exchange Commission (SEC)
- Latest Audited Financial Statements and ITR
- Valid ID (with photo and signature)
- Proof of Billing Address
- Alien Certificate of Registration (ACR) or I-Card (for resident aliens)
After submitting your documents and application form, the bank will assess your financial standing and gauge if you pass their standards. If approved, the bank will determine your credit card limit based on the information you have provided.
Landbank Credit Card Fees
The fees for a Landbank Classic International Credit Card include the annual membership fee of ₱1,000, only after the first year (first year free). A supplementary card would incur a ₱250 fee per year, making these some of the most competitive rates in the market.
Other fees you have to consider include the cash advance fee which amounts to 5% of the amount withdrawn, the late payment fee of 2.25% based on your minimum amount due (MAD), and a single currency billing (in Peso) for Peso and other foreign currency transactions which is at 3% interest.
The interest rate for this card remains at a flat rate of 3% per month – making it one of the lowest in the Philippine financial market.
How to Contact the Bank
If you would like to get into contact with Landbank, you can call them at (+632) 8-405-7000. You may also find their main address at 24th Floor LandBank Plaza, 1598 M.H. del Pilar corner Dr. Quintos Sts., Malate, Manila.
Conclusion
If you are looking for a credit account that allows you to fulfill basic necessities such as paying for purchases and shopping online, the Landbank Credit Card will be your best friend. Accepted worldwide, this card will surely give you bang for your buck.
Disclaimer: There are risks involved when applying for and using credit products. Ensure you consult the bank’s terms and conditions page before agreeing to anything.
