0% Installment on Schools and Medical Spends Terms and Conditions, click here.
Frequently Asked Questions (FAQs)
1. What is the 0% Installment on Schools and Medical Spends?
• Cardholders can convert their qualified straight transactions on education and hospitalization to 0% installment for 3 months term thru transaction conversion.
2. Who are eligible for the 0% Installment on Schools and Medical Spends?
• The 0% Installment on Schools and Medical Spends through Chinabank’s Transaction Conversion is exclusive to active Principal Chinabank @home Visa Platinum Cardholders in good credit standing.
3. Which transactions qualify for the 0% installment conversion?
• The following Merchant Category Codes (MCC)** are the only qualified for this Program:
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Education
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Hospitals
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8211
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4119
|
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8220
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8011
|
|
8241
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8021
|
|
8244
|
8031
|
|
8249
|
8041
|
|
8299
|
8042
|
|
|
8043
|
|
|
8049
|
|
|
8050
|
|
|
8062
|
|
|
8071
|
|
|
8099
|
4. What happens if my transaction does not fall under the qualified MCCs?
• Other transactions that do not fall under the listed MCCs will not be qualified for the 0% Installment for 3 months. However, Eligible Cardholders may avail the regular rate of transaction conversion for other transactions.
5. Is there a minimum transaction amount required to convert?
• The minimum Qualified Transaction amount for this Program is Php50,000.00 in a single receipt transaction.
6. Can I choose other installment terms aside from 3 months?
• You may also request for other applicable installment tenors for Qualified Transactions (i.e., 6 months, 9 months, etc.) but at the regular transaction conversion rate of 1% per month.
7. Are all my past transactions eligible for conversion?
• Only straight retail transactions posted within the last thirty (30) days at point of application are considered as Qualified Transactions for the Program. Transactions that have formed part of the cardholder’s revolving balance are no longer eligible for conversion.
8. Will I still earn Rewards Points on transactions converted to installment?
• Approved Transaction Conversion applications shall not earn Rewards Points.
9. How do I apply for 0% Installment on Schools and Medical Spends?
• To apply for the Program, download and fill out the @home Visa Platinum Transaction Conversion Application Form: http://chinabank.ph/library/at-home-0-installment and send it via e-mail to document_creditcards@chinabank.ph or call Chinabank's Customer Service Hotline at +632 888-55-888 or Domestic Toll-Free Number 1-800-1888-5888 (PLDT) and request for Transaction Conversion.
