Pay in installments at 0% interest for 3 to 24 months with your China Bank Mastercard at 2 partner merchants in Entertainment and Event Venues, including Active Fun and Storyland.
China Bank Credit Cards Merchant Installment General Terms and Conditions:
- The China Bank Mastercard Merchant Installment Program (Installment Program) is a credit card facility which allows China Bank Mastercard cardholders* (Cardholder) of good credit standing to pay for goods, merchandise, and services on installment at participating partner merchants (Merchant) in the Philippines using their China Bank Mastercard.
- The Cardholder agrees that China Bank (Bank) and/or the Merchant may, at its option, require a minimum purchase amount to qualify for the Installment Program. The installment transaction is subject to approval based on the available credit limit of the Cardholder at the time of purchase.
- The Cardholder shall be allowed to amortize purchases via Zero % Interest Installment. Subject to Sections 4 & 8 hereof, the price of items purchased under the Zero % Interest Installment shall be interest free for the duration of the Installment Program. The Zero % Interest Installment is available for selected items for 3, 6, 9, 12, 18 and 24-month terms or as otherwise specified by the Merchant offering the Zero % Interest Installment.
- Zero % interest is applicable if the cardholder pays his/her monthly installment in full.
- The Merchant has the sole discretion on the term/s and item/s applicable for Zero % offering.
- The Cardholder’s availment of the Installment Program shall be considered his acceptance of and agreement to be bound by these terms and conditions and such amendments hereof as may be made by the Bank and advised from time to time.
- The first Monthly Amortization shall be billed to the Cardholder beginning on the Cardholder’s next Statement Date and succeeding Monthly Amortization shall be billed every month thereafter until the Total Installment is paid in full.
- In case of pre-termination or cancellation of the Installment Program transaction before the end of the chosen repayment period, the Bank shall impose a five percent (5%) handling fee based on the remaining unpaid installment balance or P500, whichever is higher. The unpaid remaining Total Principal Amount plus applicable fees shall be posted back as a regular straight transaction.
