Secured Card

Get the RCBC Bankard credit card suited for your needs without having to wait for credit approval!

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Why Choose RCBC Bankard InstaCard?
  • A Savings Deposit account with 100% approved credit card regardless of your past credit history
  • Credit Limit assignment shall be 90% of hold-out deposit
  • Membership Fee is free for the first 12 months and lower than usual for succeeding months.
  • Determine the credit limit you want

How to Apply

  • 1. Choose a Card

    Choose the right RCBC Bankard credit card for you.

  • 2. Go to Your Branch

    Go to your nearest RCBC branch to open a deposit account.

  • 3. Submit

    Accomplish the application form and submit the required documents.

You can also apply for an RCBC Bankard credit card at any RCBC or RCBC Savings Bank branch.

Questions? Look here.

      
  1. Choose the right RCBC Bankard credit card for you.
  2. Go to your nearest RCBC branch to open an InstaCard account. Applicants shall be required to open a Savings Deposit account in any RCBC Branch following the required initial deposit and maintaining balance.
  3. Accomplish and submit the following required documents:
    • InstaCard Application Form (form available at the branch)
    • Savings Account Opening Forms (form available at the branch) 
    • Deed of Assignment (form available at the branch) 
    • Valid IDs
      
  1. Applicant must be at least 21 years old.
  2. Applications for InstaCard will only be processed if the Applicant does not have a delinquent RCBC Bankard account.
  3. A minimum hold-out deposit amount of P10,000/US$2,000 is required.
  4. The Deposit amount indicated by the client for InstaCard application shall be put on hold and shall be subject to the following:
    • The Deposit account number and amount specified in the Deed of Assignment and on the application form shall serve as the security collateral and credit limit for the card.
    • Credit Limit assignment shall be 90% of hold-out deposit. 
    • The hold-out amount shall be in effect until 60 days after the request for cancellation and until confirmed by RCBC Bankard. 
    • If credit card is cancelled, hold-out on the deposit can only be released after 60 days to allow posting of late billings. 
  5. Membership Fee is free for the first 12 months and lower than usual for succeeding months.
Membership Fee Principal as low as P60/month for Regular Cards; P150/month for Premium Cards
Membership Fee Supplementary as low as P30/montth
Monthly Interest Rate/Monthly Effective Interest Rate 2%
Returned Check Fee P1,000
Invoice Retrieval Fee P150
Card Replacement Fee P300
Cash Advance Fee P200
Late Payment Fee P400; in cases of multiple past due occurances exceeding 3 months for the past 12 months; P500 (4 to 6 months) or P600 (7 months and above).

Effective January 15, 2021: P850 or the Minimum Amount Due, whichever is lower.
Installment Pre-Termination Fee5% of the unpaid amount or P500, whichever is higher plus one month's worth of interest, as computed based on the unpaid balance
Unli InstallmentNo processing fee. Subject to prevailing interest rate. If pre-terminated, Installment Pre-Termination Fee will apply.
Unli 0% Processing FeeP100 for purchases below P10,000 and P200 for purchases P10,000 and up.
Quasi-Cash Fee (for products like money transfer, prepaid cards/virtual account loading, tax payments, securities investments, etc.) For a list of quasi cash merchant categories, click here. 1% of the amount transacted
Gaming/Casino Service Fee5% of every transaction or P1,000, whichever is higher.
Cash Loan, C.H.A.R.G.E and Your Cash! Processing Fee P150 for credit to an RCBC or RCBC Savings Bank account; P250 for deposit to other Banks; P250 for cheque delivery.
Service Fee for Foreign Currency Transactions 3.50% representing the Mastercard/Visa/JCB/UnionPay assessment fees and the Bank's service fee. For foreign currency transactions converted to Philippine Peso at point of sale, whether executed in the Philippines, abroad or online, a service fee of 2.25% shall be applied to transactions amounting to P1,000 and up, or its foreign currency equivalent.
Multiple Payment Fee P40 for every payment in excess of 3 payments within a statement cycle in non-RCBC payment channels: Bancnet, BDO, BPI, CIS Bayad Center, SM Payment Center, Unionbank
Dormancy Fee P200 per month to be charged to a) active accounts with negative balance and no activity for 24 months, b) blocked/closed accounts with negative balance and no activity for 3 months
Over Limit Fee P500 to be charged on cycle day when the outstanding balance plus unbilled installment exceeds the permanent credit limit on cycle day.

Effective January 15, 2021: P600 to be charged at any time when the outstanding balance plus unbilled installment exceeds the permanent credit limit. The Over Limit Fee will be charged once within the statement cycle.
Balance Transfer Processing FeeP100 
Minimum Amount Due The Minimum Amount Due is the rounded down to the nearest multiple amount of P100 for computed payment amount between P500 – P1,000, P500 for computed payment amount between P1,000 to P3,000 and P1,000 for computed payment amount above P3,000. Computation of the payment amount is either (a) ) the total outstanding balance within cardholder's credit limit less transactions posted in current statement, past due amount and current late charges, multiplied by the required payment percentage determined by the cardholder plus the entire excess over the credit limit, all the past due amounts and late payment penalty fees, if any; or (b) P500, whichever is higher. If Computed Amount is less than P500, Minimum Amount due shall be the total statement due amount.

Still have questions? Contact us.