As a new Landers Cashback Everywhere Credit Card user, you’ll be part of Maya’s exclusive club of smart shoppers. A Landers membership already grants shoppers exclusive access to a new world of premium shopping, and getting this special card just further sweetens an already amazing deal.
However, as a cardholder of one of the country’s most exclusive credit cards, it’s important to familiarize yourself with your card’s fees and benefits. This guide will break down the essential aspects of your new credit card so you can use all of its features with complete confidence:
1. What You Get with The Landers Cashback Everywhere Credit Card
- Cashback Features: This card is designed to offer significant cashback Not only do you get cashback rates of up to 5% at Landers stores, but you’ll also receive 2% cashback on dining and 1% cashback on other purchases*. With every transaction contributing to your savings, the Landers Cashback Everywhere Credit Card is the smartest way to shop and enjoy premium experiences.
- No Annual Fees, No Minimum Spend: What makes the Landers Cashback Everywhere Credit Card even more amazing is that it comes with no annual fees and there is no minimum spend required. While there is a generous cashback cap of up to PHP 200,000 annually, this is much higher than what other cashback credit cards in the market offers.
- Discounted Landers Membership. Enjoy a discounted Landers membership when you choose the Landers Cashback Everywhere Credit Card. This lets you unlock access to the credit card amongst other exclusive membership perks
- Seamless and Secure Digital Experience. The Landers Cashback Everywhere Credit Card draws from Maya’s deep expertise in digital consumer finance to give you secure yet hassle-free shopping experiences wherever you go.
- Porsche 911 Carerra S Giveaway. If those other perks weren’t enough, your card puts the legendary driving experience of a Porsche within your reach. Get a chance to win until December 2024.
2. Types of Applicable Maya Credit Card Payment Fee
- Finance Charges: The basic finance charge is 3% per month of the unpaid total amount due. Paying less than your total amount due will result in a finance charge being applied to your outstanding balance as of the latest statement date. Finance charges will persist until the full amount is paid off.
- Late Payment Fees: If you miss the payment due date, a late payment fee will apply. This is equivalent to PHP 1,000 or the unpaid minimum amount due, whichever is lower. Stay on top of your payment schedule and pay at least the minimum amount on your statement to keep enjoying exclusive benefits with your Landers Cashback Everywhere Credit Card.
- Overlimit Fees: These fees are charged if your statement balance goes above the threshold. Overlimit fees are set at PHP 750 per occurrence.
3. Managing Payments Effectively
- Payment Due Dates: Note when your payments are due each month. Missing this deadline can result in late fees and increased finance charges, even if you pay the full amount that was required before the due date.
- Minimum Payment Requirement: If your total amount due is PHP 500 or less, you must pay the full amount. However, if your total amount due is more than PHP 500, the minimum amount to be paid is 3% of the difference between your total amount due and any purchases, cash advances, and adjustments for the month.
Importantly, if this 3% amount is less than PHP 500, your minimum amount due is PHP 500 plus any overdue amount. However, if the calculated amount is more than PHP 500, your minimum amount due is the computed amount plus the overdue amount.
To avoid extra charges, try to pay at least the minimum amount due. To improve your credit rating and enjoy the full potential of your Landers Cashback Everywhere Credit Card, make it a habit to pay the full amount due on or before your payment due date.
4. Avoiding Common Pitfalls
- Be Aware of Your Spending. It may take some time for certain transactions to appear on your statement. As a result, you may forget that you made certain purchases and end up surprised when your statement finally updates. Monitoring your spending and keeping a sense of awareness of your credit limit can help you avoid overspending and the resulting financial stress.
- Foreign Transactions: Your Landers Cashback Everywhere Credit Card can be used wherever Visa is accepted, online and offline. Being able to shop wherever you want can be a liberating experience, but you must be aware of the applicable exchange rates for transactions made in a foreign currency. Being unaware of the exchange rates can make purchases seem cheaper than they really are, so try to be aware of going forex rates when buying online and traveling overseas.
- Cash Advances: Like with any major credit card, this exclusive card allows you to make cash advances at any Visa-supported ATM. This unlocks even more convenience, should you need quick cash at home or abroad. Just be aware that there is a limit of 30% of your assigned credit limit.
Cashback, Perks, and More
As we’ve explored, the benefits of the Landers Cashback Everywhere Credit Card come with a few modest fees and conditions. Though they’re designed to be manageable for anyone who qualifies for the card, exercising good financial sense will always be key to maintaining your financial health. Stay on top of your payments and buying habits and the one-of-a-kind card won’t disappoint, regardless of whether you're shopping at Landers or anywhere else.
*Transactions that don’t qualify include: cash in, cash advance, quasi cash purchases, casinos and gambling, fuel, supermarket, pharmaceuticals, utilities, telco, and government.
