PNB MasterCard Portal

Program Mechanics:

1. The Transaction Conversion Program is open to all active principal PNB-issued credit cards in good credit standing excluding Business, Corporate, and Distribution Cards.

2. Promo period is from December 1, 2020 to January 31, 2021.

3. PNB shall have the absolute and exclusive right to approve or reject the Transaction Conversion Request, with or without justifiable reason/s. In case of a rejection of the request, PNB is under no obligation to notify the cardholder of the said rejection and the reasons thereof.

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/ casino gaming transactions, Installment transactions (ZAPP, Balance Transfer, Convert-To-Cash, and Transaction Conversion) and ATM transactions (cash advance, utility bills payment, etc.) are excluded from this promotion.

6. Foreign currency transactions will be converted into peso using the credit card rate of the day when the Transaction Conversion request 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:

8. Cardholders may combine transactions to reach the required amount of P3,000 for 3 and 6-month terms and a P10,000 for 12, 18 and 24-month terms.

9. 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.

10. Transaction Conversion request must be submitted not later than 5 banking days before due date of the latest Statement of Account (SOA). To apply, cardholders may call PNB’s Customer Service Hotline at (+632) 8818-9818 or DTF 1800-10-818-9-818 and request for Transaction Conversion. Requests received beyond the Statement of Account’s due date will no longer be accommodated.

11. The amount to be converted to installment should be the entire transaction posted on the Cardholder’s SOA.

12. Transaction Conversion monthly installments will not earn points.

13. The monthly installment amount shall be posted as a regular transaction on your credit card account and shall form part of the total amount due. Should the Cardholder choose to pay only a portion of the minimum amount due but not less than the minimum amount due, the monthly installment shall be subject to the regular finance charges.

14. Cardholder may request to charge the full amount of the remaining unbilled amortization subject to PNB’s approval. A processing fee of 5% of the total balance or Php 500, whichever is higher, shall be charged to the cardholder’s account. The unpaid total installment amount plus the applicable fees will form part of the outstanding balance and subject to monthly finance charge.

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

16. Cardholder acknowledges his/her liability to PNB for the Transaction Conversion Request and will form part of the cardholder’s obligation to PNB.

17. The Terms and Conditions governing issuance and use of PNB credit cards are incorporated herein by reference and made integral part hereof.

Per DTI Fair Trade Permit No. FTEB-105613 Series of 2020.