Credit Card Landbank: Online Application, How to Pay? How to Apply?

Credit Card Landbank: Online Application, How to Pay? How to Apply?

What is Landbank?

The Land Bank of the Philippines (Landbank) is a government-owned and controlled bank that supports and promotes countryside development. It is the country's largest lending institution for small farmers, rural micro-entrepreneurs, and agrarian reform beneficiaries.

Landbank was created in 1963 under Republic Act 3844 or the Agrarian Land Reform Code to help finance land reform in the country. It operates an agricultural lending program to support farmers and ranchers. Landbank also offers a wide range of services for consumers and businesses, including savings and checking accounts, loans, credit cards, investment products, and remittances.

Credit card Landbank, how does it work?

A credit card issued by Landbank allows you to borrow money in order to buy items or make a cash advance. If you don’t pay off your balance in full each month, you will be charged interest on the outstanding amount.

You can also use your credit card to build up your credit history and improve your credit score so that you can get car loans or housing loans in the future.

How to apply for credit card Landbank?

To apply for a Landbank credit card, you must meet the eligibility requirements and provide the required documents, including proof of identity and proof of income.

Steps:

  1. Download the Landbank credit card application form and the consent form.

  2. Fill out the application form and the consent form.

  3. Indicate what type of credit card you're applying for (e.g., Classic, Gold, or Corporate).

  4. Submit your credit card application to any Landbank branch.

Requirements

  • You must be 21-65 years old upon application.

  • You must be employed or have a stable source of income.

  • You must have a good credit history.

  • You must meet the minimum yearly income of PHP 150,000.

Documentary requirements:

  • Filled out application form

  • ID picture (1x1)

  • Data privacy consent form

  • Income tax return

  • Certificate of Employment

  • Payslips (latest 3 months)

  • Valid ID with photo and signature (e.g., government-issued IDs—passport, driver’s license, UMID, postal ID, etc.)

  • Proof of billing.

  • For Self-employed or Business owners:

  • DTI or SEC registration papers

  • ITR with Audited Financial Statements (latest)

  • For Corporate Credit Card:

  • Article of Incorporation and By-Laws

  • The Secretary’s Certificate of Board Resolution

  • List of officers and stakeholders

  • Auto Debit Arrangement

How to check for an application status?

You can check your Landbank credit card application status by going to Landbank’s Contact Us page. Provide your name, mobile number, and e-mail address. In the dropdown menu, choose “Credit Card” as the subject type and “Application Status” as the concern type.

Alternatively, you can call the Landbank Hotline at (632) 8405-7000 or send an email at customercare@mail.landbank.com .

Can I make an online application?

Currently, there’s no Landbank credit card online application on their website. The closest they come is a feedback form where you can ask questions about the credit card, but there is no way to apply for it online. This may be inconvenient for some customers, as they may not have time to go into a physical branch and apply for the card.

How to activate the credit card Landbank?

To activate your Landbank credit card, go to Landbank’s Contact Us page. Provide your name, mobile number, and e-mail address. In the dropdown menu, choose “Credit Card” as the subject type and “Activation Request” as the concern type. Send a message and provide details of your card.

If you have the Landbank Mobile App, you can also activate your credit card by going to “More” menu and selecting “Activate Credit Card.”

Alternatively, you can call Landbank or send an email requesting credit card activation. Just make sure you provide your Landbank credit card number and other details.

How to cancel the credit card Landbank?

The same process applies if you want to cancel your credit card. This time, select “Card Cancellation” from the dropdown menu. Send a message requesting for the cancellation and explaining the reason for doing so. Click on the submit button.

How long does it take for credit card Landbank to arrive?

Once you've submitted your application, it will be reviewed by Landbank’s credit department.

If you're approved, your credit card will be delivered to your mailing address in 2 to 4 weeks. This timeframe is just a general guideline and may not be applicable in all cases.

How to transfer money to the credit card Landbank?

Landbank credit card limit

The credit limit is the maximum amount that can be charged on the card at any one time. It’s also the maximum amount that can be borrowed against a credit card via a cash advance program. Landbank sets the limit based on the cardholder’s credit score, credit history, and purchasing behavior.

Interest rate and fees

The monthly effective interest rate for Landbank credit cards is 2% (APR of 24%). Landbank may charge you additional fees if you enter into certain transactions.

  • Annual Membership Fee: PHP 1,000 for Mastercard Credit Card Classic and PHP 2,500 for Mastercard Gold.

  • Late Payment Penalty: 2.25%  based on the unpaid minimum amount due.

  • Cash Advance Fee: 5% of the amount withdrawn.

How to make a balance inquiry?

You have several options if you want to make a balance inquiry on your Landbank credit card:

  1. Via Landbank Mobile Banking App. Download the app from the Google Play Store or the Apple App Store. Sign up and register your credit card.

  2. Via the Landbank Contact Us page. Select “Credit Card” as the subject type and “Balance Inquiry” as the concern type.

  3. Via Landbank Customer Service Hotline. Follow the voice prompt and speak with a representative.

Where to pay Landbank credit card installment?

Landbank Mastercard credit card installment payments can be made in a variety of ways through the following payment channels:

  • Landbank Mobile Application (MBA)

  • Landbank iAccess (requires enrolment at your Landbank branch of account)

  • Landbank Link.BizPortal

  • Auto-Debit Arrangement (ADA)

  • Landbank Phone Access (+632) 8-405-7000

  • Landbank branches nationwide

  • GCash

How to pay credit card using Landbank iAccess?

Landbank iAccess is an online banking system that allows registered Landbank account holders to view account transactions and balances, approve fund transfers, and generate reports on their accounts. With Landbank iAccess, you can also view your loan status, schedule payments, and update your contact information.

To sign up, here are the steps:

  1. Go to https://www.lbpiaccess.com/ .

  2. Click on the "Sign Up Now" link and fill out the required information.

  3. Agree to the Terms and Conditions.

  4. Fill out the form. Set up your security questions.

  5. Submit.

  6. You're now ready to log in and start using iAccess to schedule payments for your credit card bills.

Credit card Landbank benefits

  • The Landbank credit card offers its users a variety of benefits and perks.
  • The Loyalty Program lets you earn one reward point or every PHP 50 you purchase online or through point-of-sale terminals.
  • Your accumulated points can be used to pay annual fees or pay or purchases.
  • Landbank credit cards also come with built-in fraud protection, which can give peace of mind to users worried about online shopping or identity theft.

Landbank credit card promo

One of the longstanding promos of Landbank is the Easy Pay program, which enables you to convert retail purchases into monthly installments for up to 24 months at a 1% interest rate.

No annual fee

The annual fee for Landbank credit card is waived for the first year. You will be charged an annua fee for the subsequent years.

Landbank credit card customer service

  • Customer Care Hotline: (+632) 8405-7000

  • Domestic Toll-Free Number: 1-800-10-405-7000 (for PLDT subscribers only)

  • Email address: customercare@mail.landbank.com

  • Follow the login steps for Landbank Mobile App and Landbank iAccess to contact customer service.

Credit card Landbank reviews

Landbank credit card reviews are generally positive because of low interest rates, low annual fees, and wide acceptability worldwide. The enhanced security features of the credit card reduce fraudulent transactions. On the downside, Landbank credit cards don’t have as many perks as other credit cards. Although there are Loyalty and Easy Pay Programs, the card is lacking in discounts, rebates, and other enticing promos that can propel people to use the credit card regularly. But overall, it does what it’s designed to do and it’s an excellent credit card for beginners.

Have you used the credit card LandBank? Share your experience here.

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This article was updated on 24 july 2024