Guide on Landbank Credit Card Fees Per Transaction

LANDBANK CREDIT CARD FEES – You can check here the charges under the Landbank Classic and Gold credit card offers.

Are you looking for a credit card offer? In the Philippines, one of the entities that you may turn to is the Landbank. Its offers which come in Classic, Gold, and Corporate cards require one of the lowest minimum annual income requirement at Php 150,000.

Truth be told that most credit card offers of other banking entities have huge monthly income requirement. Also, the Landbank credit card fees are much lower than the charges set under many of the other credit card offers.

It is best to know the fees set under a credit card offer before applying for one. It is also one way to assess if the credit card will benefit you or will be another financial burden that you will have to deal with monthly or annually.

In the case of the Landbank credit card fees, there are varying charges between the Classic and Gold credit cards. Here is a guide on the fees set by the bank for its Classic credit card:

Landbank Classic Credit Card

• Annual Membership Fee
  • Principal Card — Php 1,000.00
  • Supplementary Card — Php 250.00
• Cash Advance Fee — 5% of amount withdrawn but not exceeding P200.00
• Foreign Exchange Conversion Rate — Based on prevailing Mastercard Foreign Currency Conversion Rate plus 2% Assessment and Service Fee
• Card Replacement Fee — Php 300.00 for each card
• Returned Check Fee — Php 500.00
• Sales Slip Retrieval Fee — Php 350.00
• Statement Printing/ Reprinting Fee — Php 100.00
• Installment Pre-termination Fee — 5% of remaining balance or P300, whichever is higher
• Minimum Amount Due (MAD) — This is the sum of the following:
  • 3% of Outstanding Balance (less Over Limit and/or Installment Amount, if any) or whichever is higher
  • Installment Amount
  • Overdue Amount
  • Over Limit Amount

The Landbank Gold Credit Card has bigger benefits for the cardholders and it also comes with a different set of Landbank credit card fees. Here are the charges that the government banking entity implements under the offer:

Landbank Gold Credit Card

• Annual Membership Fee
  • Principal Card — Php 2,500.00
  • Supplementary Card — Php 1,000.00
• Cash Advance Fee — 5% of amount withdrawn but not exceeding P200.00
• Foreign Exchange Conversion Rate — Based on prevailing Mastercard Foreign Currency Conversion Rate plus 2% Assessment and Service Fee
• Card Replacement Fee — Php 300.00 for each card
• Returned Check Fee — Php 500.00
• Sales Slip Retrieval Fee — Php 350.00
• Statement Printing/ Reprinting Fee — Php 100.00
• Installment Pre-termination Fee — 5% of remaining balance or P300, whichever is higher
• Minimum Amount Due (MAD) — This is the sum of the following:
  • 3% of Outstanding Balance (less Over Limit and/or Installment Amount, if any) or whichever is higher
  • Installment Amount
  • Overdue Amount
  • Over Limit Amount

With regards to the minimum amount due or the MAD under the credit card offers, it is the sum amount of 3% of the Outstanding Balance, the Installment Amount, the Overdue Amount, and the Over-limit Amount if there is.