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Download Transaction Conversion Form HERE.
Promo Mechanics:
1. PNB shall have the absolute and exclusive right to approve or reject the Transaction Conversion request.
2. The Transaction Conversion Installment Program is open to all active principal PNB Credit Cardholders in good credit standing excluding Corporate and Distribution Cards.
3. Promo period is from March 15, 2015 to June 15, 2015.
4. Request must be submitted within the promo period to qualify for the promo rates.
5. Qualified transactions are all straight retail foreign, local and online transactions. Quasi-cash transactions, service merchant transactions (gasoline, supermarket and drugstores), installment transactions (ZAPP, Balance Transfer, Convert-to-Cash, Transaction Conversion), utilities (electricity, phone/cellphone, etc.) and ATM transactions (cash advance, payments, etc.) are excluded from this promotion.
6. Foreign currency transactions will be converted into peso using the credit card rate of the day when TC application is processed.
7. The amount to be converted should be a minimum of Php 3,000* for 3 and 6-month terms and Php 10,000* for 12, 18 and 24-month terms. Add-on rates as shown below:
* Cardholders may combine transactions to reach the required minimum spend amount.
**A maximum availment of Php15,000 per application for the 3-month term.
8. Only new transactions on the latest Statement of Account (SOA) are eligible for conversion. Transactions that have formed part of the cardholder's revolving balance are no longer eligible for conversion.
9. To apply, cardholders shall fill out the Transaction Conversion request form and fax it to PNB at (02) 812-6247. Cardholders may apply as soon as the transaction has been posted but no later than 5 banking days before due date of the latest Statement of Account (SOA). Cardholders may also call 24/7 Customer Service at 818-9-818 or DTF 1800-10-818-9-818 and request for Transaction Conversion. Late submission of request or request received beyond the SOA's due date will no longer be accommodated.
10. The amount to be converted to installment should be the entire transaction posted on the Cardholder's SOA.
11. Transaction Conversion monthly amortization will not earn points.
12. The monthly installment amount shall be posted as regular transaction on the credit card account and shall form part of the total outstanding balance. Should the cardholder choose to pay only a portion of the total amount due but not less than the Minimum Amount Due, the monthly installment shall be subject to regular finance charges.
13. In case of pre-termination, PNB shall impose a 5% handling fee based on the remaining unpaid installment amount or Php500 whichever is higher. The total unpaid amount plus the applicable fees shall be posted back as regular straight transaction.
14. The cardholder acknowledges his/her liability to PNB for all converted transactions and agrees that these will form part of his/her obligation to PNB.
15. The Terms and Conditions governing issuance and use of PNB credit cards are incorporated herein by reference and made an integral part hereof.
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