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UnionBank LAZADA Credit Card

UnionBank, Lazada and Mastercard recently launched the first ever e-commerce credit card in the Philippines. I got a chance to have one in its first phase of launching.

This type of credit card is designed for online shopping most especially in LAZADA.

Perks and benefits

UB Lazada Credit CardThe latest UnionBank Lazada credit card is the only credit card that allows its cardholders earn 6x Lazada wallet credits from every transactions on Lazada website or app. It is, so far, the highest earning rate compared with other credit cards in the market.

Every P200.00 charge using this card on Lazada earns 6 points of Lazada credit. 1 point is equal to P1.00 credit.

Spend P200 outside of Lazada platform and get 1 point or P1 worth of Lazada credit. You can use this card on Shopee as well as offline merchants and still receive points reward directly on you account.

Aside from the points reward, cardholders will also receive special voucher or discount on the major Lazada sale. This is during your birthday sale, mid-year sale, 9.9, 11.11, and 12.12 sale. There is also a monthly FREE shipping of up to P50.00.

Where to use UnionBank Lazada credit card

UB Lazada credit card can also be used on Shopee, Facebook, Zalora, Paypal, or any online merchant that accepts Mastercard. It can also be used for offline purchases such as SM, Robinsons, Puregold, Waltermart, etc. It can also be used for emergencies. Swipe it at Mercury Drug Store or any other drugstores that accepts Mastercard.

Virtual Card

This credit card also comes with a virtual card. Virtual Credit Card functions like the physical card. Although, it cannot be used for paying purchases from offline merchants.

Virtua Credit Card number is different from the physical credit card.

Credit Limit

The credit limit depends on the applicant’s qualifications. In my case, UnionBank gave me P100,000 credit limit.

Cash Advance

UnionBank Lazada Credit Card allows cardholders to use Cash Advance of up to 50% of the credit limit. Cash Advance via Over-the-counter during the first 6 months.

Fees and Charges

Interest rate is very low around 1%-2% while the minimum payment for the statement balance is up to 4% only.

How to pay

Pay your UB Lazada CC directly from your UnionBank account via app or via bills payment. Bills payment for UnionBank Credit Card is now available in Shopee.

How to get approved on UnionBank Lazada Credit Card?

You can apply this type of credit card via Lazada app or website or via UnionBank website. If you are an existing UnionBank account holder with good standing, UnionBank agent may contact you directly.

One day, an agent contacted me via phone and got my details and the source of income. I waited for up to 10 days and received an approval of my application. Upon approval, I also activated my virtual credit card account.

Using UnionBank App

Using UnionBank app makes transactions easier and be able to monitor every transactions, purchases and billing statement.