The Chinabank Ultra Rewards Program

Earn Rewards by Saving!

 

How

• Open an Ultra Rewards Peso Deposit Account at any Chinabank Branch near you.
• Maintain a monthly Average Daily Balance (ADB) of at least Php1,000,000 in fresh funds to earn monthly rewards.

 

What will you get?

• Earn 1 Rewards Point for every Php100 monthly ADB. For example: For a Php1M monthly ADB, you get 10,000 rewards points.​
• 10,000 rewards points is equivalent to any of the following: (a) 2,500 air miles; (b) 2,500 e-voucher; (c) 2,500 cash rebate; or
   (d) 1-Year Annual Membership Fee (AMF) waiver.​
• Plus, get the regular deposit interest rate of 0.125% per annum.

 

How much can you get?

• By maintaining a monthly ADB of Php1,000,000 for 12 months, you can earn as much as 120,000 Rewards Points per year—redeemable for 30,000 air miles, cash rebates or e-vouchers, or even a 1-year AMF waiver.​
• The more you save, the more you earn—no caps, no limits!

 

Earn Rewards by Spending!

• Enjoy added benefits with an Ultra Rewards Credit Card. ​
• Get 1 Rewards Point for every Php50 qualified spend.​
• For every 10,000 rewards points, you may redeem any of the following: (a) 2,500 air miles; (b) 2,500 e-voucher; (c) 2,500 cash rebate; or
   (d) 1-Year Annual Membership Fee (AMF) waiver.​

Rewards Points Sample Computation

 

Rewards earning for Ultra Rewards Account

 

 

In this example, the ADB in months 4 and 6 fell below the required Php1,000,000 monthly ADB, resulting in no rewards points earned for those months. However, the total rewards points accumulated over 6 months is 99,000, which will be credited to the Ultra Rewards Credit Card for redemption. All rewards points are rounded down to the nearest peso.

 

Rewards earning for Ultra Rewards Credit Card

 

 

In this example, there was no usage in month 3, leading to no rewards earned for that period. Over 6 months, the total rewards points accumulated and available for redemption is 25,120. All rewards points are rounded down to the nearest peso.

 

Combined Rewards Points

 

 

In the table above, if client will only redeem on month 6, the accrued combined rewards points is 124,120, which is equivalent to 30,000 air miles, cash rebates, e-voucher or 1-Year AMF waiver.

 

What are considered as fresh funds for this Program?​

Whether transacted over the counter, online, or via mobile app, ​

• Cash deposit from a non-Chinabank account​
• Incoming funds transfer from another bank to Chinabank​
• Check deposit drawn from another bank​
• Fund transfers or on-us checks from a different Chinabank depositor to your Ultra Rewards Account. CBC deposit account should not belong
   to the same Ultra Rewards client or such related accounts​
• Chinabank investment products​

​

The following are not considered as fresh funds: ​

Whether transacted over the counter, online, or via mobile app, ​

• Fund transfers from your own or related Chinabank account/s to your Ultra Rewards Account, whether an individual or joint account.​
• Repository of loans (i.e. Home Loan, Auto Loan, etc.), rebates and adjustments​
• With pre-arranged deposit agreements for IBS and Cash Management​
• Credit card cash installment disbursements​
• Salary account or payroll credits​
• Proceeds from foreign exchange sales where originating currency is from CBC deposit account​
• Employee benefit-related credits (e.g., gas allowance, medical allowance, etc.)​

• Opening an Ultra Rewards Peso deposit account is mandatory to participate in the Program.

• Account Type: Individual or Joint/OR.

  o Restrictions: Corporate, business and Joint/And accounts

• Only 1 Ultra Rewards Peso deposit account can be opened per client.

• Ultra Rewards Peso deposit account must be opened for personal transactions and not for the sole purpose of facilitating disbursements.

• Age: 18 years old and above

• Clients with closed CASA within the past 6 months may only participate subject to approval.

Requirements for Opening an Ultra Rewards Peso Deposit Account:

To know more, read the Ultra Rewards Program Mechanics and Terms and Conditions here.