PNB Ze-Lo Credit Card Review: Is PNB Ze-Lo Credit Card Legit or Scam?
If you are looking for a credit card that offers zero annual fee, zero late payment fee, zero overlimit fee, and lower interest rate, you might want to consider the PNB Ze-Lo Mastercard. This credit card is designed to give you more convenience and savings when you shop, dine, travel, and pay your bills. But is it really worth it? Is it legit or scam? In this blog post, we will review the features, benefits, drawbacks, and customer feedback of the PNB Ze-Lo Mastercard. We will also give you our final verdict on whether you should apply for this credit card or not.
How Does PNB Ze-Lo Credit Card Work?
The PNB Ze-Lo Mastercard is a credit card that you can use to make purchases online or in-store, locally or internationally. You can also use it to withdraw cash from BancNet and PNB ATMs nationwide, up to 30% of your credit limit. You can pay your credit card bill in peso, even for transactions abroad. You can also enjoy installment programs, such as balance transfer, convert-to-cash, transaction conversion, and zero % affordable payment plan (ZAPP), to manage your finances better. You can access your electronic statement of account (eSOA), rewards points, credit card PIN, and other card services through the PNB Digital App or your registered email.
PNB Ze-Lo Credit Card Review
The PNB Ze-Lo Mastercard has several advantages and disadvantages that you should consider before applying. Here are some of them:
Pros:
- Zero annual fee for life. You don’t have to pay any annual fee for your primary and supplementary cards, ever.
- Zero late payment fee. You don’t have to worry about paying extra charges if you miss your due date.
- Zero overlimit fee. You don’t have to pay any penalty if you exceed your credit limit.
- Lower finance charge of 2.5%. You can save on interest costs compared to other credit cards that charge higher rates.
- Lower minimum amount due. You only have to pay 3% of your total amount due or P200, whichever is higher, every month.
- Global and online acceptance. You can use your card anywhere Mastercard is accepted, and pay in peso for your convenience.
- Contactless payment. You can tap your card to pay for faster and safer transactions.
- Rewards program. You can earn one point for every P50 spent, and redeem them for cash credits, Mabuhay Miles, or other rewards.
Cons:
- Low credit limit. Your credit limit may be lower than other credit cards, depending on your income and credit history.
- Cash advance fee. You have to pay a fee of P100 or 5% of the amount withdrawn, whichever is higher, plus a finance charge of 2.5% per month, if you use your card to get cash from ATMs.
- Foreign transaction fee. You have to pay a fee of 2.5% of the converted amount, plus a service fee of 1% imposed by Mastercard, if you use your card for purchases abroad.
- No insurance coverage. You don’t get any purchase protection, travel insurance, or fraud protection with this card.
Is PNB Ze-Lo Credit Card Legit or Scam?
The PNB Ze-Lo Mastercard is a legit credit card issued by the Philippine National Bank, one of the largest and oldest banks in the country. It is regulated by the Bangko Sentral ng Pilipinas (BSP) and the Securities and Exchange Commission (SEC). It is also a member of the Credit Card Association of the Philippines (CCAP) and the BancNet network. You can verify the legitimacy of the PNB Ze-Lo Mastercard by visiting the official website of PNB, or by contacting their customer service hotline at (02) 8818-9818 or toll-free at 1800-10-818-9818.
What Customers Are Saying
We have gathered some customer reviews from different sources to give you an idea of what other people think of the PNB Ze-Lo Mastercard. Here are some of them:
- “I like this card because it has no annual fee and no late payment fee. It also has a low interest rate and a low minimum payment. It is easy to use and accepted everywhere. I also like the rewards program and the installment options. I recommend this card to anyone who wants a simple and hassle-free credit card.” – John, from Trustpilot
- “This card is not good for me. It has a very low credit limit and a high cash advance fee. It also has a foreign transaction fee and no insurance coverage. It is hard to apply and get approved. The customer service is also poor and unresponsive. I do not recommend this card to anyone who wants a flexible and reliable credit card.” – Maria, from Facebook
- “This card is okay for me. It has some good features like zero annual fee, zero late payment fee, zero overlimit fee, and lower interest rate. It also has some bad features like low credit limit, cash advance fee, foreign transaction fee, and no insurance coverage. It depends on your needs and preferences. I use this card for small and local purchases only. I have other cards for big and international purchases.” – Mark, from Reddit
Benefits of PNB Ze-Lo Credit Card
The PNB Ze-Lo Mastercard has some benefits that you can enjoy, such as:
- Saving on fees. You can save on annual fees, late payment fees, overlimit fees, and interest charges with this card.
- Earning rewards. You can earn points for every purchase and redeem them for cash credits, Mabuhay Miles, or other rewards.
- Managing your finances. You can avail of installment programs, such as balance transfer, convert-to-cash, transaction conversion, and ZAPP, to pay for your purchases in easy and affordable terms.
- Accessing your account. You can view your eSOA, rewards points, credit card PIN, and other card services through the PNB Digital App or your registered email.
- Paying in peso. You can pay your credit card bill in peso, even for transactions abroad, for your convenience.
- Using your card globally. You can use your card anywhere Mastercard is accepted, online or in-store, locally or internationally.
- Tapping your card to pay. You can tap your card to pay for faster and safer transactions.
PNB Ze-Lo Credit Card Website (URL)
The official website of the PNB Ze-Lo Mastercard is here. You can find more information about the features, benefits, requirements, and application process of the card on this website. You can also apply for the card online by filling out the application form and submitting the required documents.
PNB Ze-Lo Credit Card: Final Verdict – Worth It or Not?
The PNB Ze-Lo Mastercard is a credit card that offers zero annual fee, zero late payment fee, zero overlimit fee, and lower interest rate. It also offers rewards program, installment programs, contactless payment, and global and online acceptance. However, it also has some drawbacks, such as low credit limit, cash advance fee, foreign transaction fee, and no insurance coverage. Whether it is worth it or not depends on your needs and preferences. If you are looking for a simple and hassle-free credit card that can save you on fees and interest, and you don’t mind the low credit limit and the lack of insurance coverage, then this card might be suitable for you. However, if you are looking for a flexible and reliable credit card that can give you a higher credit limit and more protection, then you might want to look for other options.
Summary
The PNB Ze-Lo Mastercard is a credit card that offers zero annual fee, zero late payment fee, zero overlimit fee, and lower interest rate. It also offers rewards program, installment programs, contactless payment, and global and online acceptance. However, it also has some drawbacks, such as low credit limit, cash advance fee, foreign transaction fee, and no insurance coverage. Whether it is worth it or not depends on your needs and preferences.
FAQs
Here are some frequently asked questions about the PNB Ze-Lo Mastercard:
- How can I apply for the PNB Ze-Lo Mastercard? You can apply for the PNB Ze-Lo Mastercard online by visiting the official website of PNB, or by contacting their customer service hotline at (02) 8818-9818 or toll-free at 1800-10-818-9818. You can also visit any PNB branch near you and fill out an application form. You will need to submit the following requirements:
- Filled-out and signed application form
- Photocopy of one valid government-issued ID with photo and signature
- Proof of income, such as latest income tax return (ITR), certificate of employment (COE), payslips, or bank statements
- Proof of billing, such as utility bills, credit card statements, or phone bills
- What are the qualifications to apply for the PNB Ze-Lo Mastercard? To qualify for the PNB Ze-Lo Mastercard, you must meet the following criteria:
- You must be 21 to 65 years old
- You must be a Filipino citizen or a foreign national with a valid visa
- You must have a minimum annual income of P120,000
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