China Bank Platinum Mastercard: fees, interest and requirements
The China Bank Platinum Mastercard has an annual fee of ₱3,500 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 the cash back on your own spending comes to more than ₱3,500 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 the ₱3,500 annual fee and a year comes to ₱4,712, 79th lowest of 127 cards open to the public (tied with 4).
China Bank's closest card is the China Bank Velvet Visa Signature. Against it, this card runs on Mastercard, not Visa 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 Platinum Mastercard gives you
- 1 rewards point for every ₱30 qualified spend China Bank card page
- 5% rebate on fuel at any local gas station same page
- Up to ₱20 million travel accident and inconvenience insurance when you buy tickets with the card same page
- Free Chinabank-SMAC Prestige membership on request same page
Who should get the China Bank Platinum 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 ₱1,000 a year less. Pick the China Bank 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 Platinum Mastercard downsides, and what a late payment costs
- Not a first card: you need a card from another bank already.
- The ₱3,500 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 Platinum Mastercard annual fee, interest and charges
| Charge | China Bank Platinum Mastercard | When, and the rule |
|---|---|---|
| Annual fee | ₱3,500 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 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 Platinum Mastercard China Bank | ₱3,500 a year first year free | 3% | ₱4,712 | ₱250,000 a year |
| Toyota Mastercard Metrobank | ₱2,500 a year first year free | 3% | ₱3,712 | ₱180,000 a year |
| UnionBank Shell Power Visa Platinum UnionBank | ₱2,800 a year | 3% | ₱4,012 | ₱180,000 a year |
| Metrobank Rewards Plus Visa Metrobank | ₱2,500 a year first year free | 3% | ₱3,712 | ₱180,000 a year |
Questions
What are the requirements for the China Bank 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.