• Bank of Commerce Credit Cards

    Bank of Commerce Credit Card
    Credit Card
    Annual Fee
    Reward type
    Bank Of Commerce Mastercard Classic
    Annual Fee:
    P1,200
    Free for 1st year
    Reward type:
    Gas, Groceries, Shopping, Utilities and Dining
    Bank Of Commerce Mastercard Gold
    Annual Fee:
    P2,500
    Free for 1st year
    Reward type:
    Travel, Shopping and Dining
    Bank Of Commerce Mastercard Platinum
    Annual Fee:
    Free
    Reward type:
    Shopping, Utilities and Dining

    Bank of Commerce is one of the leading banks in the Philippines. It offers a wide range of financial and banking products and services. It offers a wide range of credit cards that offer unique benefits.

    Features and Benefits of Bank of Commerce Credit Cards

    The features and benefits of Bank of Commerce credit cards are as follows:

    • You can convert your big ticket purchases to instalment plans. The interest rates are low and you get longer payment terms.
    • The local and international purchases are billed separately. Local purchases will be billed in peso and international purchases will be billed in dollars.
    • You can avail instalment offers at 0%. The repayment period offered are 3, 6, 12, 18, 24, and 36 months.
    • For every P25 spent on your Bank of Commerce credit card, you will earn 1 Rewards point. You get 5 Rewards point when you use the Bank of Commerce credit card at select shopping and dining establishments. The points can be exchanged for a wide selection of rewards merchandise.

    Eligibility Criteria to Avail Bank of Commerce Credit Card

    You will have to meet the following criteria to avail Bank of Commerce credit card:

    • You must be between 21 to 65 years.
    • Supplementary cardholders must be at least 18 years old.
    • You must be a Filipino resident or local resident foreigner.
    • You must have a landline phone or a post-paid mobile phone.
    • Your home or office must be located within 15km radius from Bank of Commerce branch.
    • The income requirement are as follows:
      • Classic MasterCard: P120,000
      • Gold MasterCard: P455,000
      • Platinum MasterCard: P1,200,000

    Document Requirements

    You must submit the following documents along with your application form:

    • Driver’s license
    • Passport
    • Company ID
    • TIN ID
    • SSS ID
    • GSIS E-card
    • Other government issued IDs
    • If you are employed, you must submit the following:
      • 3 months’ payslip
      • Latest ITR
      • Copy of last 2 months credit card statements
      • Certificate of Employment and Income
      • Letter of appointment
    • If you are self-employed, you must submit the following documents:
      • Copy of Business Registration with DTI or SEC
      • Latest ITR with bank or BIR Stamp
      • Bank statement for the last 3 months
      • Last 2 years’ Audited Financial Statement with latest ITR with bank or BIR Stamp

    Types of Bank of Commerce Credit Cards

    Following are the various types of credit cards offered by Bank of Commerce:

    • Bank of Commerce MasterCard Classic
    • This is a rewarding everyday credit card. This card lets you enjoy the privileges that you deserve. You can take charge of your utilities, gas, groceries, instalment purchases. The payments made with this card will be rewarded.

    • Bank of Commerce MasterCard Gold
    • This card lets you take advantage of purchasing power. You get rewarded for dining, travel, and shopping.

    • Bank of Commerce MasterCard Platinum
    • This card lets you enjoy life’s luxuries and gives you the freedom to purchase the finest things. The annual membership fee is waived for this card.

    Supplementary Cards

    You get supplementary credit cards with your Bank of Commerce credit card. The benefits offered are the same. You can earn rewards on the purchases made with your supplementary credit cards.

    Rewards

    For every P25 spent on your Bank of Commerce credit card, you will earn 1 Rewards point. When you use the Bank of Commerce credit card at select shopping and dining establishments, you will get 5 Rewards point. The points can be exchanged for a wide selection of rewards merchandise.

    Bank of Commerce Credit Card Fees and Charges

    Following are the applicable fees and charges:

    Annual membership fee

    Classic – Free for first year

    Gold – Free for first year

    Platinum – Waived

    Annual fee – Principal card

    Classic – P1,200

    Gold – P2,500

    Platinum – Waived

    Annual fee – Supplementary Card

    Classic – P600

    Gold – P1,250

    Platinum – Waived

    Interest rate

    Classic – 3.25%

    Gold – 3.25%

    Platinum – 2.95%

    Minimum amount due

    Peso - 5% of the total outstanding balance or P500, whichever is higher.

    Dollar - 3% of the total outstanding balance or $50, whichever is higher.

    Late payment fee

    Classic and Gold cards – 5% of the minimum amount due or P500, whichever is higher.

    Platinum card - 5% of the minimum amount due or P500 or $10, whichever is higher.

    Cash advance fee

    5% of the amount withdrawn or P300, whichever is higher.

    For dollar billing, 2% of the minimum amount due or $2, whichever is higher

    Cash advance service charge

    P100

    Foreign currency conversion fee

    MasterCard conversion rate plus 2.5% foreign currency conversion fee.

    Card replacement fee

    Lost card - P300

    Damaged card – P200

    Charge slip retrieval fee

    Local purchases – P200

    International purchases – P300

    Returned cheque fee

    P1,000

    Closed account maintenance fee

    P200

    Instalment acceleration fee

    5% of the remaining balance or P500, whichever is higher.

    Gaming service transaction fee

    3% of the amount.

    How to apply for a Bank of Commerce Credit Card?

    You can apply for a credit card by visiting the nearest Bank of Commerce branch. You can also apply for Bank of Commerce credit card online. You will have to fill out your personal and employment information when applying for the card. You can also apply for the supplementary card online.

    Bank of Commerce Credit Card Hotline

    You can reach Bank of Commerce at 632-2265 or 1800-10-982-6000 or 1800-8-982-6000.

    You can also mail the customer service at customerservice@bankcom.com.ph.

    FAQs about Bank of Commerce Credit Card

    1. How can I make the credit card payments?
    2. You can make the credit card payment over-the-counter at Bank of Commerce branch, internet banking, or through the auto-debit arrangement.

    3. What does dual currency billing mean?
    4. Dual currency billing means that your local purchases will be billed and paid in peso and the international purchases will be billed and paid in dollars.

    5. What are the rewards that I can avail?
    6. On every P25 spent on the credit card, you earn 1 Rewards point. This can be exchanged from a wide selection of rewards merchandise.

    7. Should the Bank of Commerce branch be close to my house?
    8. Yes, the Bank of Commerce branch should be within 15 km radius of your house or office to avail a Bank of Commerce credit card.

    9. What is the minimum income required to avail a Bank of Commerce credit card?
    10. You must have a minimum annual income of P120,000 to avail a Bank of Commerce credit card.

    11. How to report a lost or stolen Bank of Commerce credit card?
    12. If you credit card is lost or stolen, you must immediately report to the Bank of Commerce customer service at 830-1111 or 1-800-1-888-1188. You can also write to Bank of Commerce. You can request for a card replacement at the time of reporting it lost or stolen. The cardholder will be responsible for the transactions incurred prior to the report. When you report the card, you will be free from the obligation from fraudulent charged made from the time you report the loss.


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