How to apply to ChinaBank Freedom Platinum Mastercard

The ChinaBank Freedom Mastercard offers a perpetual waiver of annual membership fees, enabling cardholders to enjoy the benefits without yearly charges. Additionally, it can be used in-store as well as online at any of the millions of businesses that are part of the Mastercard network all over the world. Furthermore, the card has flexible monthly payment options that are made possible by its installment offers, which include 0% Merchant Installment, Balance Transfer, and Transaction Conversion. Moreover, for every Php30 spent using the card, cardholders earn one Rewards Point, which can be redeemed for various rewards, making spending more rewarding.
Benefits of the ChinaBank Freedom Platinum Mastercard
The China Bank Freedom Mastercard is tailored to provide financial flexibility and rewarding experiences to its holders. The curated benefits associated with this card aim to ease the financial burden and enhance the purchasing power of its users. Here are six of the top benefits explained:
Perpetual Waiver of Membership Fees
To ensure that you are able to take advantage of the countless benefits that come along with having this card, the annual membership costs associated with both your Principal and Supplementary ChinaBank Freedom Mastercards have been indefinitely eliminated.
Worldwide Acceptance
Your ChinaBank Freedom Mastercard can be used at any of the millions of stores that are linked with Mastercard across the world. You can use your Card to make purchases in-store or online by swiping it at point-of-sale terminals, tapping it on contactless-enabled machines, or dipping it in magnetic stripe readers.
Note: You are not permitted to use your China Bank Freedom Mastercard at any online gambling sites or physical casinos.
Installment Options
With the China Bank Freedom Mastercard Installment Program, you can benefit from manageable monthly payments:
- 0% Merchant Installment: At eligible merchants, you can take advantage of 0% interest payments for up to 36 months, and this offer is good year-round.
- Balance Transfer: If you have balances on other credit cards, you can transfer those balances to your China Bank Freedom Mastercard and then pay off the balance over a period of time ranging from 12 to 24 months at low interest rates.
- Conversion of Transactions: Easily convert your straight transactions at non-installment merchants into more flexible payment choices by using this service. You have the option of spreading out your payments over up to 24 months at competitive interest rates.
Rewards System
Whenever you make purchases using your ChinaBank Freedom Platinum Mastercard that meet certain criteria, you will earn Rewards Points. You will get one (1) Rewards Point for every Php30 worth of spending that is valid. You can browse the Rewards Catalogue and buy whatever you like with the Rewards Points that you’ve earned there. In addition, the Principal Cardholder receives credit for any points earned by the Supplementary Cardholder/s for any purchases made using their card. Calling the China Bank Customer Service Hotline is all that is required to redeem.
Security
The ChinaBank Freedom Platinum Mastercard comes with a number of safety safeguards that are designed to keep your financial transactions as secure as possible, including the following:
- For each time you make a purchase, you will receive text message alerts and email notifications at the mobile number and email address that you have on file. Because of this, you are able to relax because you are aware of everything that is going on with your Card.
- When you make a purchase from an online store that is enrolled in the 3D Secure program, you will be required to provide the One-Time Password (OTP) that has been issued to the mobile number ChinaBank has on file. This provides an additional layer of protection for your financial information. As a result of this, make sure that your mobile number is always up-to-date by calling the customer service hotline for ChinaBank and verifying that the one number they have is the right one.
- Uses an EMV Chip on its cards. An EMV Chip is a cutting-edge innovation that enhances the safety of financial transactions. EMV cards replace the magnetic stripe on the back of the card with a microchip that stores the cardholder’s information. Cards that solely include magnetic stripes are less secure than those that also contain these chips because special readers are required to validate them. The elimination of fraudulent counterfeiting is one of the most significant advantages offered by EMV chip technology.
Options for Payment That Are Flexible
You have the option of paying any one of the sums listed here:
- The remaining balance on your Statement of Account, as shown in your most recent SOA
- Minimum Amount Owed, which includes the following: (a) any amount that is past due, if any; (b) five percent of the statement balance, or five hundred Philippine pesos, whichever is larger; and (c) any amount that is more than your credit limit
- Any amount that is lower than the statement balance but not lower than the minimum amount that is due
Prerequisites to Obtain the ChinaBank Freedom Platinum Mastercard
The prerequisites for applying for the ChinaBank Freedom Mastercard are as follows:
Eligibility Criteria:
- Age Limit: Applicants must be aged between 21 to 65 years old.
- Existing Credit Cardholder: An applicant should be an existing Principal Credit Cardholder with other banks with at least 12 months of activity.
- Residency: Applicants can be Filipino citizens or foreigners who are working and permanently residing in the Philippines.
- Employment: Either a regular employee or self-employed individual with business operations legally operating in the Philippines for at least two (2) years.
- Income Requirement: A gross annual income of at least Php250,000 is required.
General Requirements:
- Contact Information: A valid email address, mobile, and landline number are required.
- Identification: A valid government-issued ID with photo and signature is needed.
About ChinaBank as a Financial Institution
ChinaBank, also known as China Banking Corporation, is a pioneer in the Philippines’ banking sector, established in 1920. As the first privately owned local commercial bank, it initially served Chinese Filipino entrepreneurs. This bank has since expanded its range of financial services, including online deposit accounts and telephone banking. As a member of the SM Group, ChinaBank continues to serve various sectors in the business community, embodying tradition, innovation, and service excellence.
Who is the Freedom Platinum Mastercard for?
The ChinaBank Freedom Mastercard is apt for individuals seeking financial flexibility and convenient payment solutions. It caters to both Filipino citizens and foreigners residing in the Philippines, especially those between the ages of 21 to 65 with a stable income, as reflected by the eligibility criteria. Whether employed or self-employed, this card suits those who prefer a credit card with no annual membership fees, global acceptance, and easy installment payment options. Additionally, the reward’s system is a bonus for regular spenders aiming to earn points for their purchases. The card serves as a practical choice for modern consumers valuing a blend of savings, global accessibility, and rewarding expenditures.
Step by Step to Apply for the ChinaBank Freedom Platinum Mastercard
Based on the information gathered from the ChinaBank website, here’s a step-by-step guide on how to apply for the China Bank Freedom Platinum Mastercard:
- Prepare Your Documents:
- Ensure you meet the eligibility criteria and have the necessary documents ready as per the requirements mentioned above.
- Fill Out The Application Form:
- Download and complete the application form, which can be found on the China Bank’s credit cards page or by visiting any China Bank branch.
- Attach the personal and financial documentation required to your application.
- Wait for Processing:
- Allow 10-15 banking days for the bank to process your application. You can check the status of your application by calling the China Bank Hotline at +632 888-55-888, pressing Option 2 for Credit Card Services, then pressing 4 for Credit Card Application Status. Have your SSS/ GSIS/ TIN number ready when checking the application status.
- Follow Up:
- For any concerns or queries, you can reach out to China Bank’s Customer Service Hotline at +632 888-55-888.
To initiate the application process, visit the official China Bank Freedom Mastercard page and click on “Apply Now”.
For a more streamlined experience, you may also explore the China Bank mobile apps:
Through these apps, you can manage your accounts, track your card spending, and much more, right from your mobile device.
APPLY TO CHINABANK FREEDOM PLATINUM MASTERCARD CREDIT CARD HERE
Positives and Negatives of the ChinaBank Freedom Platinum Mastercard
Here’s a summary of the positives and negatives associated with the ChinaBank Freedom Mastercard, presented in a table as requested:
Pros
- No membership cost for both primary and secondary cards
- Worldwide card acceptance
- Light installment programs, CBC exclusive deals, and a companion virtual card
- Lost card protection feature ensures safety of funds
- Multiple payment methods for convenience
Cons
- Minimum monthly payment of ₱3000
- The bank may adjust your credit limit even with timely payments
- 10-15 banking days for the bank to process your application
These aspects reflect the card’s ease of maintenance, global usability, and financial protection features, balanced against certain payment terms and credit limit management practices by the bank. While the pros enable financial flexibility and security, the cons may require users to manage their spending and payments diligently to avoid any inconvenience.
How to Activate the ChinaBank Freedom Platinum Mastercard?
Upon receiving your ChinaBank Freedom Platinum Mastercard, you can activate it through the following methods:
- Phone Activation:
- Call ChinaBank Customer Service Hotline at +632 888-55-888 or the Domestic Toll-Free Number 1-800-1888-5888.
- Follow Card Carrier Instructions:
- Adhere to the card activation instruction indicated on your Credit Card carrier.
Fees and Tariffs
Here are the main costs associated with the ChinaBank Freedom Mastercard, summarized in a table format:
Fees/Tariffs | Amount/Rate |
Annual Membership Fee | Waived Perpetually |
Monthly Finance Charge | 3% |
Minimum Monthly Payment | ₱3000 |
Late Payment Fee | ₱750 |
Foreign Treansaction Fee | 2.5% |
The table outlines the essential costs tied to the card, covering the annual membership fee, monthly finance charge, and minimum monthly payment requirements. Notably, the annual membership fee is perpetually waived, which is a significant cost-saving advantage for cardholders. However, a monthly finance charge of 3% is applied to any unpaid balances, and a minimum monthly payment of ₱3000 is stipulated, which are considerations for prospective cardholders regarding the cost of maintaining a balance on the card.
Contact ChinaBank Freedom Platinum Mastercard Customer Service
Here are the official channels through which you can seek assistance or more information regarding the China Bank Freedom Mastercard:
- Customer Service Hotline:
- You can reach China Bank’s Customer Service 24/7 at the following numbers:
- Metro Manila: (+632) 888-55-888
- Domestic Toll-Free (PLDT): 1-800-1888-5888
- The hotline is available 24 hours a day, 7 days a week.
- You can reach China Bank’s Customer Service 24/7 at the following numbers:
- ChinaBank TellerPhone:
- For Metro Manila customers, dial 888-55-888 to check balance, pay bills, transfer funds, inquire on China Bank products and services, request transaction history and statement of account, and more. This service is also available 24 hours a day, 7 days a week.
- Viber:
- You can contact China Bank on Viber at +639178814263, available Mondays to Fridays (except Holidays) from 8:30AM to 5:30PM.
- Official Website:
- China Bank Official Website provides a wealth of information about their products including the Freedom Mastercard.
- E-Banking Security Advisory:
- For concerns, you can call China Bank’s Customer Service Hotline at +632 888-55-888 as well.
These channels provide multiple ways to get in touch with China Bank for any inquiries, concerns, or assistance you may need regarding the China Bank Freedom Mastercard or other services they offer.