China Bank Destinations Platinum Mastercard: fees, interest and requirements
The China Bank Destinations Platinum Mastercard has an annual fee of ₱4,000 a year, 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 you fly often enough that its miles or lounge access are worth more than ₱4,000 a year to you. 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 the ₱4,000 annual fee and a year comes to ₱5,212, 89th lowest of 127 cards open to the public (tied with 6).
China Bank's closest card is the China Bank Destinations World Mastercard. Against it, this card costs ₱4,000 a year instead of ₱6,000, earns 1 point for every ₱60 spent; 1 point equals 1 airline mile (the other: 1 point for every ₱30 spent; 1 point equals 1 airline mile) and charges 2.5% on foreign purchases against 1.7%.
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 Destinations Platinum Mastercard gives you
- 1 point for every ₱60 spent; 1 point equals 1 airline mile China Bank card page
- Up to ₱20 million travel accident and inconvenience insurance when you buy tickets with the card same page
- Free 1-year Accor Plus Explorer membership after ₱5,000 spend within 60 days same page
- Mastercard Travel Pass by DragonPass for 1,300+ airport lounges (USD32 per visit) same page
Who should get the China Bank Destinations Platinum Mastercard
| If | Then |
|---|---|
| You pay in full every month and want a travel and miles card | The Maya Black Credit Card (Maya) asks the same or a lower income and costs ₱4,000 a year less as long as you use it monthly. Pick the China Bank Destinations Platinum 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 Destinations Platinum Mastercard downsides, and what a late payment costs
- Not a first card: you need a card from another bank already.
- The ₱4,000 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 Destinations Platinum Mastercard annual fee, interest and charges
| Charge | China Bank Destinations Platinum Mastercard | When, and the rule |
|---|---|---|
| Annual fee | ₱4,000 a year Supplementary: free | 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 Destinations Platinum 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 Destinations Platinum Mastercard China Bank | ₱4,000 a year first year free | 3% | ₱5,212 | ₱250,000 a year |
| BDO JCB Lucky Cat BDO | ₱150 a month | 3% | ₱3,012 | ₱180,000 a year |
| Maya Black Credit Card Maya | No annual fee if used monthly | 3% | ₱1,212 | ₱180,000 a year |
| PNB Essentials Mastercard PNB | ₱1,200 a year first year free | 3% | ₱2,412 | ₱120,000 a year |
Questions
What are the requirements for the China Bank Destinations Platinum 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.