Metrobank Credit Card Fees and Rates Table
Looking for MetroBank credit card fees? Are you planning to have your Metrobank Platinum MasterCard? Learn the benefits and fees and rates today. And also some application requirements needed in applying a credit card.
Benefits of Metrobank Platinum MasterCard
As a credit cardholder, you should know the privilege, promos and rewards to maximize the use of your card. Beware not to use your credit card on “impulse buying”.
1. Reward points for all your spending
2. Exclusive invitations to events and private sales
3. Free 1st supplementary card
4. 24-hour VIP concierge service
5. Worldwide acceptance
6. Flexible installment program
7. Balance transfer
8. Cash rush
9. Convenient payment channels.
If you are not a Metrobank depositor, you may pay your outstanding balances over the counter at any Metrobank, PSBank, PNB or via Metrobank, PSBank or BancNet ATMs and selected Megalink ATMs nationwide.
Metrobank Credit Card Fees and Rates Table
Ask the validity of this promo in any Metrobank Branch near your area. Here are the table of fees and rates of Metrobank Platinum MasterCard.
| Description | Platinum Mastercard |
| Annual Fee (Principal) | P3,500 waived on first year |
| Annual Fee (Supplementary) | P1,750 waived on first year free for life on the first supplementary |
| retail Monthly Effective Interest Rate | 3.54% based on actual calendar days |
| Cash Advance Monthly Effective Interest Rate | 3.96% based on actual calendar days and cash advance fee |
| Cash Advance Fee | P500 or 3% of the cash amount availed, whichever is higher. Additional P500 if transacted over-the-counter. |
| Late Payment Fee | P500 or 7.5% of the minimum amount due, whichever is higher. |
| Over Credit Limit Fee | P500 per occurrence |
| Account Maintenance Fee | P200 or an amount equivalent to the credit balance, whichever is lower (for closed accounts) |
| Installment Pre-Termination Fee* | P500 or 5% of the remaining principal balance, whichever is higher |
| Gaming Fee | 3.5% of the amount transacted |
| Returned Check Fee | P1,000 for every returned check |
| Multiple Payment Fee | P50 for each payment made to Metrobank Card in excess of three (3) within calendar month |
| Foreign Currency Transactions | All charges, advances or amounts in currencies other than Philippine Peso (PHP) shall be converted to PHP based on MasterCard’s currency conversion rate at the time of posting and charged MasterCard’s assessment fee plus 2.50% processing fee or service fees.
The processing or service fee shall likewise apply to transactions involving foreign currencies converted to PHP at point of sale, whether executed in the Philippines, abroad or online and shall cover assessment fee and such other cost incurred or necessary to discharge the amount (s) due to MasterCard or the acquiring bank and/or foreign merchant affiliates. |
Application Requirements for Metrobank Credit Card: Platinum Mastercard