China Bank enters credit card business

MANILA, Philippines - The China Banking Corp. is launching its first-ever credit cards as it celebrates its 95th anniversary.

Those who apply for a China Bank MasterCard (principal or supplementary card) until Nov. 15, and get approved by Nov. 30, 2015, will enjoy a perpetual waiver of their credit card annual fees and will receive the limited edition 95th anniversary commemorative China Bank MasterCard.

China Bank executive vice president and lending segment head William C. Whang said the launch of these credit cards is an important step of the bank’s goal of providing customers with all the banking products and services, in line with its brand promise that ‘their success is our business.’

“This ‘Free Annual Fee for Life’ promo is not just a way to entice people to get a China Bank MasterCard, but to express our gratitude for the 95 successful years of China Bank, and yes, for this milestone of finally launching our credit cards to the public,” Whang added.

The three variants of China Bank MasterCard suit different lifestyles.  

The China Bank Prime MasterCard is the go-to card that provides value and convenience to everyday spending, while the China Bank Platinum MasterCard is the ultimate privilege lifestyle card for great shopping, dining, and travel experiences.

China Bank World MasterCard is the total luxury card with the widest spectrum and access to a highly exclusive lifestyle, benefits, offerings, and services, including access to personal concierge, global perks, and exclusive events.

The credit cards provide the most vital features, including  global acceptance, security, convenience, and perks and privileges. All three cards are accepted in over 22 million locations worldwide.

They are equipped with EMV technology for enhanced protection against credit card fraud and MasterCard PayPass technology for easy and secure “Tap and Go” transactions.

And to make shopping with China Bank MasterCard more rewarding, cardholders earn points exchangeable for cash credits, SM Advantage points, or Mabuhay Miles. For lighter monthly payments, merchant installment, balance transfer, balance conversion, transaction conversion, and convert-to-cash installment programs are available at zero percent or low interest rates.