Check Management

Personal
Business
About China Bank

#LiveRewarded and apply now for a China Bank Secured Credit Card!

What is a Secured Credit Card?
A Secured Credit Card is designed for new or existing China Bank Depositors who are seeking to build or re-build their credit history. The Secured Credit Card and its credit limit is established by a Security Deposit. The Security Deposit serves as a mutual protection for the depositor and the bank in case the Secured Credit Card turns delinquent.

China Bank Depositors who apply for a Secured Credit Card will enjoy the same Credit Card features of a regular China Bank Credit Card including its promos and perks.

How do I apply for a Secured Credit Card and what are the requirements?
To apply, simply visit your China Bank branch of account, fill out a Secured Credit Card Application Form, and present a valid ID. For new deposit clients, requirements for account opening shall also apply. 

Document Requirements:

  1. Fully accomplished Secured Credit Card Application Form
  2. Valid government issued ID with photo and signature

How much is the minimum Security Deposit for a Secured Credit Card?
The minimum Security Deposit for a Peso Deposit Account is Php30,000 and USD750 for a Dollar Deposit Account.

What are the qualified Security Deposits?

  • Peso Deposit Account except Checking/Current Accounts
  • Dollar Deposit Account
  • Single or Joint ownership. For Joint Accounts, all depositors must sign on the application form. 

How much will be the credit limit of a Secured Credit Card?
The maximum credit limit assignment is 85% of the Security Deposit for a Peso Deposit Account and 70% of the Security Deposit for a Dollar Deposit Account.

What will happen to the Security Deposit upon cancellation of a Secured Card/Deposit Account?
The Secured Credit Card is co-terminus with the Security Deposit. The Cardholder must settle the outstanding balance either through regular payment channels or offsetting of account before the China Bank Branch can authorize the release of the Security Deposit.

Who are eligible for a Secured Credit Card?
Ineligible for a regular unsecured Credit Card with China Bank
Existing China Bank Credit Cardholders with good credit standing but prefer a higher credit limit than the approved credit limit.

Eligible to apply? Click here to download the Secured Credit Card Application Form!

© 2006 China Banking Corporation. All rights reserved