China Bank Cash Rewards Mastercard: fees, interest and requirements
The China Bank Cash Rewards Mastercard has a monthly membership fee of ₱299, waived in the first year, charges 3% a month on unpaid balances and needs a minimum income of ₱250,000 a year.
Verdict: Worth it if the cash back on your own spending comes to more than ₱3,588 a year. The first year is free. Skip it if this would be your first credit card or if you earn under ₱250,000 a year.
From China Bank credit card fees and charges (table image, as of February 2023). Interest cap, in force since 2023: BSP Circular No. 1165, s.2023.
₱20,000 repaid in 3 equal monthly payments at 3% a month costs ₱1,212 in interest; add ₱299 a month in membership fees (₱3,588 a year) and a year comes to ₱4,800, 84th lowest of 127 cards open to the public.
China Bank's closest card is the China Bank World Mastercard. Against it, this card costs ₱3,588 a year instead of ₱6,000, earns up to 6% cash rebate (the other: 1 rewards point for every ₱30 qualified spend) and has different perks.
BSP supervised: China Banking Corporation, universal and commercial bank, BSP institution ID 31, is on the BSP Verifier list dated Sep 28, 2026.
What the China Bank Cash Rewards Mastercard gives you
- Up to 6% cash rebate China Bank card page
- 0% merchant instalment, balance transfer and transaction conversion same page
- Dining perks and discounts at participating restaurants same page
Who should get the China Bank Cash Rewards Mastercard
| If | Then |
|---|---|
| You pay in full every month and want a cash back card | The PNB Cashback Titanium Mastercard (PNB) asks the same or a lower income and costs ₱1,088 a year less. Pick the China Bank Cash Rewards Mastercard only if its rewards are worth more than that to you. |
| This would be your first credit card | Skip it for now: China Bank asks for a principal credit card from another bank, active for at least 12 months. Start with one of the first cards that need no card history. |
China Bank Cash Rewards Mastercard downsides, and what a late payment costs
- Not a first card: you need a card from another bank already.
- The ₱3,588 fee is charged every year after the waiver ends.
- Foreign currency purchases cost 2.5% extra.
If you pay late: China Bank charges up to ₱750, and 3% a month interest runs on what is unpaid. Safe action: pay at least the minimum due by the due date, or the full balance to pay no interest.
China Bank Cash Rewards Mastercard annual fee, interest and charges
| Charge | China Bank Cash Rewards Mastercard | When, and the rule |
|---|---|---|
| Annual fee | ₱299 a month Supplementary: free | Billed monthly: ₱3,588 over twelve statements. Waived for the first year. China Bank fee table, February 2023 |
| Interest | 3% a month | At the BSP ceiling of 3% a month (Circ. 1165). same table |
| Late payment | ₱750 | same table |
| Foreign transactions | 2.5% | same table |
Figures from China Bank credit card fees and charges (table image, as of February 2023), China Bank card page. BSP ceilings: BSP Circular No. 1165, s.2023. How China Bank words its late-fee, foreign-fee and minimum-due rules, the same on all its cards: China Bank billing rules.
Requirements and how to apply
Card history: China Bank asks for a principal credit card from another bank, active for at least 12 months, so this cannot be your first card.
Income: at least ₱250,000 a year (about ₱20,833 a month). bank page
Apply with the button below. Channels, documents, status and hotline: China Bank contact and requirements.
Apply for the China Bank Cash Rewards Mastercard on China Bank's site
Interest on your own balance
- Interest you pay at 3% a month:
- ₱1,212
- Monthly payment:
- ₱7,071
- Total you pay:
- ₱21,212
Against similar cards from other banks
| Card | Annual fee | Interest a month | ₱20,000 over 3 months, plus fees | Minimum income |
|---|---|---|---|---|
| China Bank Cash Rewards Mastercard China Bank | ₱299 a month first year free | 3% | ₱4,800 | ₱250,000 a year |
| UnionBank Shell Power Visa Platinum UnionBank | ₱2,800 a year | 3% | ₱4,012 | ₱180,000 a year |
| UnionBank Cash Back Visa Platinum UnionBank | ₱4,500 a year | 3% | ₱5,712 | ₱180,000 a year |
| Toyota Mastercard Metrobank | ₱2,500 a year first year free | 3% | ₱3,712 | ₱180,000 a year |
Questions
What are the requirements for the China Bank Cash Rewards Mastercard?
At least ₱250,000 a year in income (about ₱20,833 a month). China Bank asks for a principal credit card from another bank, active for at least 12 months. China Bank's age and document rules are the same for all its cards.