Balance Transfer 2020 - Summer Campaign

Program Mechanics:

I. Qualification:

1. The Balance Transfer promo is open to all active principal PNB Credit Cardholders in good credit standing excluding Corporate and Distribution cards.

II. Promo Period and Discount: 

1. Promo will run from January 27, 2020 to April 30, 2020.

2. Effective interest rates as shown below:

Term Rates Effective Interest Processing Fee
Add-on Factor
0.00%   0.3333333  0.00000%  P300
 6 0.99%  0.1765667 1.67399%   -
 12  0.68%  0.0901333  1.22792%  -
 18  0.68%  0.0623556  1.24482%  -
 24  0.68% 0.0484667   1.24649% -


III. How to Avail of Promo Rates:

1. To apply, Cardholders should call the 24/7 Customer Service Hotline at (+632) 8818 9818 or DTF 1800 10 818 9818 and request for a Balance Transfer.

2. The Balance Transfer promo rates are available for 3-, 6-, 12-, 18-, 24- month terms with a minimum balance transfer amount of Php 10,000.

3. Maximum balance transfer amount of P30,000 for the 3- month term.

IV. Terms and Conditions:

1. PNB shall have the absolute and exclusive right to approve or reject the Balance Transfer request.

2. The Balance Transfer request will be processed for a minimum of seven (7) banking days.

3. Balance Transfer will be processed on a per transaction basis. Cardholder may not combine balances from different credit cards to reach the minimum amount required.

4. Cardholder may split the amount he/she wants to transfer and apply it for different terms.

5. Cardholder can transfer balances from non-PNB credit cards under his/her name or from non-PNB credit cards under his/her relatives’ names, up to parents, spouse, and children. Cardholder must submit a copy of marriage contract or relevant birth certificate as proof of relation.

6. Balance Transfer transactions shall not earn reward points.

7. Balance Transfer application shall be subject to evaluation. Accommodation shall be based on the cardholder’s credit standing, account status (must be active and no past due), and available credit limit.

8. The amount that can be transferred shall be the balance in the issuing bank’s Statement of Account or 100% of the available credit limit in the cardholder’s PNB Credit Card.

9. In case of insufficient credit limit, PNB has the sole discretion to determine and approve only a portion of the Balance Transfer amount applied for.

10. Cardholder may inquire about the status of their Balance Transfer request by calling the 24/7 Customer Service Hotline at (+632)8818 9818 or DTF 1800 10 818 9818.

11. PNB shall issue a check payable under the name of the issuing bank indicated on the request form. Check will be directly deposited to the issuing bank’s nearest payment center. As proof of settlement, cardholder may refer to his/her monthly Statement of Account of the card the balance transfer originated from.

12. Cardholder must continue to pay the minimum amount due required by the other credit card company while the application is still in process. PNB shall not be held liable in the event of delay of payment or rejection/non-acceptance of payment.

13. The Balance Transfer first monthly installment will be immediately posted to the cardholder’s SOA upon approval of request.

14. In case of early termination, PNB shall impose a 5% handling fee based on the remaining unpaid principal amount or Php500 whichever is higher. The unpaid total amount plus the applicable fees will be posted back as regular straight transaction.

15. The monthly installment amount shall be posted as a regular transaction on the cardholder’s credit card account and shall form part of the total outstanding balance. Should the cardholder choose to pay less than the total amount due but not less than the minimum amount due, the monthly installment shall be subject to the applicable finance charges.

16. Failure to pay any two (2) consecutive minimum amount dues shall constitute default and the remaining unpaid installment and the total outstanding balance shall immediately become due and demandable.

17. Cardholder acknowledges his/her liability to PNB for the Balance Transfer request that has been approved and that will form part of the cardholder’s obligation to PNB.

18. The terms and conditions governing issuance and use if PNB Credit Cards shall apply.

Per DTI Fair Trade Permit No. FTEB-00804 Series of 2020.

PNB Cards 24/7 Hotline (+632) 8818 9818 / DTF 1800 10 818 9 818.
PNB is regulated by the Bangko Sentral ng Pilipinas /

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Pres. Diosdado Macapagal Blvd.,
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TEL: (+632) 8818-9-818 / DTF 1800-10-818-9-818

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