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    Transaction Conversion Form PNB Credit Cards

    Uploaded by

    erwin lumibao
    1. The document is a transaction conversion request form for PNB credit cardholders to convert retail transactions into installments. 2. It lists the program mechanics such as eligible cardholders, terms and rates for installment periods of 3-24 months, and how to apply by filling out and submitting the form before the payment due date. 3. By signing, the cardholder agrees to the terms and conditions of the conversion program and to pay at least the minimum amount due on their credit card statement each month.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Transaction Conversion Form PNB Credit Cards

    Uploaded by

    erwin lumibao
    55 views1 page
    1. The document is a transaction conversion request form for PNB credit cardholders to convert retail transactions into installments. 2. It lists the program mechanics such as eligible cardholders, terms and rates for installment periods of 3-24 months, and how to apply by filling out and submitting the form before the payment due date. 3. By signing, the cardholder agrees to the terms and conditions of the conversion program and to pay at least the minimum amount due on their credit card statement each month.

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    Transaction Conversion Form PNB Credit Cards (2)

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    1. The document is a transaction conversion request form for PNB credit cardholders to convert retail transactions into installments. 2. It lists the program mechanics such as eligible cardholders, terms and rates for installment periods of 3-24 months, and how to apply by filling out and submitting the form before the payment due date. 3. By signing, the cardholder agrees to the terms and conditions of the conversion program and to pay at least the minimum amount due on their credit card statement each month.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    55 views1 page

    Transaction Conversion Form PNB Credit Cards

    Uploaded by

    erwin lumibao
    1. The document is a transaction conversion request form for PNB credit cardholders to convert retail transactions into installments. 2. It lists the program mechanics such as eligible cardholders, terms and rates for installment periods of 3-24 months, and how to apply by filling out and submitting the form before the payment due date. 3. By signing, the cardholder agrees to the terms and conditions of the conversion program and to pay at least the minimum amount due on their credit card statement each month.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
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    Transaction Conversion Request Form (Regular)

    Accomplish this form and email to PNBCreditCards@pnb.com.ph

    CARDHOLDER DETAILS
    Name of Principal Cardholder _________________________________________________________________________
    Credit Card Number _____________________________ Card Expiry Date (MM / YYYY) _______________________
    Landline Number _______________________________ Mobile Phone Number ______________________________

    PROGRAM MECHANICS
    1. The Transaction Conversion Installment Program is open to all active 8. Cardholders may combine transactions to reach the required amount
    principal PNB Cardholders in good credit standing excluding Business, of P3,000 for 3 and 6-month terms and a P10,000 for 12, 18 and
    Corporate, and Distribution Cards. 24-month terms.
    2. PNB shall have the absolute and exclusive right to approve or reject 9. The amount to be converted to installment should be the entire
    the Transaction Conversion Request, with or without justifiable transaction amount posted on the Cardholder's SOA.
    reason/s. In case of a rejection of the request, PNB is under no 10. The monthly amortization shall no longer earn rewards points.
    obligation to notify the cardholder of the said rejection and the 11. The monthly installment amount shall be posted as a regular
    reasons thereof. transaction on your credit card account and shall form part of the total
    3. To apply, cardholders shall fill out the Transaction Conversion request amount due. Should the Cardholder choose to pay only a portion of
    the minimum amount due but not less than the minimum amount due,
    form and email it to PNBCreditCards@pnb.com.ph at least 5 banking
    the monthly installment shall be subject to the regular finance charges.
    days before the due date of the latest Statement of Account (SOA).
    Cardholders may also call our PNB Cards 24/7 Customer Service at 12. Cardholder may request to charge the full amount of the remaining
    8818-9-818 / DTF 1800-10-818-9-818. unbilled amortization subject to PNB’s approval. A processing fee of
    5% of the total balance or Php 500, whichever is higher, shall be
    4. Only new transactions on the latest SOA are eligible for conversion. charged to the cardholder’s account. The unpaid total installment
    Transactions that have formed part of the Cardholder’s revolving amount plus the applicable fees will form part of the outstanding
    balance are no longer eligible for conversion. balance and subject to monthly finance charge.

    5. Annual fees, monthly amortizations, and other fees are excluded from 13. Failure to pay two (2) consecutive minimum amount dues shall
    constitute default and the total outstanding balance shall immediately
    the Program.
    become due and demandable.
    6. Transaction Conversion request must be submitted at least 5 banking 14. Cardholder acknowledges his/her liability to PNB for the Transaction
    days before the Payment Due Date as stated on the latest SOA Conversion Request and will form part of the cardholder’s obligation
    cut-off. Late submission of request or request received beyond the to PNB.
    SOA’s due date will no longer be accommodated.
    15. The Terms and Conditions governing issuance and use of PNB credit
    7. The terms and rates are as follows: cards are incorporated herein by reference and made integral part
    hereof.
    TERM MONTHLY FACTOR EFFECTIVE MONTHLY
    ADD-ON RATES INTEREST
      3  1.00000%  0.34333333 1.49263% SAMPLE COMPUTATION
    6  1.00000%  0.17666667 1.69067% Amount Applied For P10,000.00
    12  1.00000%  0.09333333 1.78810%  Multiplied by Factor Rate (E.G. 18 Mos.) x 0.065556
    18  1.00000%  0.06555556 1.80355%  Monthly Installment P655.55/month
    24  1.00000%  0.05166667 1.79760% 

    Please convert the following retail transactions to installment.

    TRANSACTION TRANSACTION MONTHLY AMORTIZATION


    DATE NAME OF ESTABLISHMENT AMOUNT TERM
    (Transaction Amount x Factor Rate)

    By signing below, I agree to abide by the Terms and Conditions governing the PNB Transaction Conversion Program and
    to pay at least the minimum amount due as stated on the monthly Statement of Account of my PNB Credit Card/s.


    Principal Cardholder’s Signature Date

    TC - REGULAR RATES_NOV2020

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