Promo Mechanics

Promo Highlights

How to avail for the installment offer:

a. Transact via straight payment using your Metrobank credit card at the Cathay Pacific website.

b. Fill up the Installment Form via mbcpc.co/cathayinstallment

c. Receive an SMS confirmation that the transaction has been successfully converted* to installment.

1. The promo is applicable to all Metrobank Peso Visa/Mastercard, Metrobank Vantage Visa/Mastercard, M Mastercard, Titanium Mastercard, Platinum Mastercard, World Mastercard, PSBank Credit Mastercard, NCCC Mastercard, Toyota Mastercard, Robinsons Mastercard, ON Virtual Mastercard, Rewards Plus Visa, Femme Visa, Femme Signature Visa, Cashback Platinum Visa, and Travel Platinum Visa credit cardholders in good credit standing only. The promo is not applicable to Metrobank Dollar Mastercard, Metrobank Prime Debit, Prepaid and YAZZ Prepaid Visa cards.

2. The promo period is from February 1 to March 15, 2024.

3. Convert your purchase at Cathay Pacific into installments at 0.83% per month using your Metrobank credit card. Valid for a minimum single-receipt spend of USD 180*.

   *The total USD amount will be converted to PHP based on the current foreign exchange rate and the applicable fees. The converted PHP transaction will be the amount used for the installment conversion.

4. How to avail for the installment offer:

   a. Transact via straight payment using your Metrobank credit card at the Cathay Pacific website.

   b. Fill up the Installment Form* via mbcpc.co/cathayinstallment or metrobank.com.ph/cathay-pacific-form

   c. Receive an SMS confirmation that the transaction has been successfully converted* to installment.

5. Installment is available in tenors of 3, 6, 12, or 24 months. The monthly amortization is dependent on the Total Amount Payable and the selected term, with a fixed interest rate of 0.83% per month.

6. A processing fee amounting to PHP 500 for every transaction successfully converted to installment will be charged to the cardholder’s account.

7. Succeeding monthly amortizations shall be billed to the cardholder in the succeeding Statements of Account (SOAs) until the Total Amount Payable is billed in full.

8. The transaction will initially be charged to the cardholder’s credit card as a straight transaction. The straight transaction will be converted into a 0.83% installment transaction within fifteen (15) calendar days after the transaction date, subject to the following:

   • Statement of Account: If the transaction is converted before the cardholder’s cut-off date, the installment transaction will be reflected in the cardholder’s Statement of Account (SOA).

   • Statement of Account: If the transaction is converted after the cardholder’s cut-off date, the installment transaction will be reflected in the succeeding Statement of Account (SOA) and the cardholder’s outstanding balance will be deducted by the amount equivalent to the Cathay Pacific transaction.

   • Minimum Amount Due: If the Cathay Pacific transaction is converted after the cardholder’s statement of account (SOA) cut-off date, the minimum amount due computation will include the full amount of the Cathay Pacific purchase, plus cardholder’s other retail purchases.

   If the cardholder decides to pay an amount less than the total amount due stated in the SOA, the full amount of the Cathay Pacific transaction may be part of the Finance Charge computation that will reflect in the cardholder’s succeeding cycle.

   For affected transactions, the Finance Charge computation applicable to the Cathay Pacific transaction will be credited back to the cardholder’s account within 7 banking days after the Statement of Account.

9. Cardholder will receive an SMS once the straight transaction has been successfully converted to installment or in the event that the conversion is denied.

10. The complete and accurate Installment Form should be submitted within the promo period or until March 15, 2024 only. Submissions done after March 15, 2024 will not be processed and shall not qualify for the promo.

11. Full amount purchased shall be deducted from the cardholder’s available limit at the time of purchase.

12. All installment transactions and corresponding installment terms are subject to the terms and conditions governing the issuance and use of Metrobank credit cards, and all related provisions of the Metrobank Balance Conversion program, which are not inconsistent hereto.

13. The conversion to installment shall be subject to the cardholder’s acceptance of the Cathay Pacific Installment After Purchase terms and conditions, to verification and credit approval by Metrobank, and subject to the cardholder’s good credit standing. Good credit standing refers to cardholders whose accounts are not delinquent, not under investigation due to suspected fraudulent activities, those whose Metrobank credit cards are not reported lost or stolen, and those who have not, otherwise, violated any of the terms and conditions governing the issuance and use of Metrobank credit cards. The cardholder agrees that Metrobank shall have no obligation to disclose the particular reason/s for denial of the application.

14. Upon approval by Metrobank of the conversion, the cardholder's availment is deemed irrevocable and may not be cancelled.

15. If the cardholder chooses to accelerate the Cathay Pacific installment with Metrobank, with or without advice, a pre-termination fee of PHP 550 or 5% of the remaining principal balance, whichever is higher, shall be billed to the cardholder. Any remaining balance (i.e. remaining principal amount based on Diminishing Balance computation and/or penalties, interest and other charges) shall be billed in the next statement cycle together with the applicable interest charge. Unbilled interest for accelerated amortizations are forgone or will no longer be collected.

16. Any dispute concerning the products or services related to the promo shall be settled directly between the cardholder and Cathay Pacific with the concurrence of the DTI. Cathay Pacific agrees to hold Metrobank free and harmless from any liability in the event of such dispute.

17. The use of the Metrobank credit card in connection with this promo is subject to the terms and conditions governing the issuance and use of Metrobank credit cards and the Metrobank Balance Conversion program.

18. By availing of this installment conversion program, the cardholder confirms that he/she has read, understood and agreed to the promo mechanics and its terms and conditions, the Metrobank Balance Conversion program and Metrobank’s Privacy Policy.

19. For any questions or clarifications, please contact Metrobank at 88700-700 (domestic toll-free 1-800-1888-5775) or send an e-mail to customerservice@metrobankcard.com.

    Metrobank is regulated by the Bangko Sentral ng Pilipinas. Cardholders may likewise refer their concerns to Bangko Sentral ng Pilipinas at 8811-1277 or send an email to consumeraffairs@bsp.gov.ph.