RCBC credit card receivables grew 48 percent from P50.4 billion in December 2022 to P74.7 billion in December 2023, solidifying the bank’s position as one of the fastest growing credit card issuers in the country today.
This growth was enabled by a 45 percent increase in credit card spending, reaching P139.4 billion from P96.3 billion in 2022, and credit cards in force reaching 1 million.
Committed to enabling cardholders to “Live Life Unlimited,” RCBC Credit Cards has implemented a series of initiatives and offerings that showcase its dedication to providing unparalleled value and experiences.
Notable highlights include the Travel Fairs, cardholder privileges such as access to airport lounges, seasonal launch of the Lowest Foreign Currency Conversion Fee and Japan Rebate Promotions, and numerous Dining, Shopping, and Wellness Offers at over a hundred in-store and online merchants.
To further enhance overall customer experience, RCBC embedded the popular credit card features including UnliPay and Unli Installment in the Bank’s digital app, RCBC Pulz.
“We remain committed to enhancing the value we provide to our cardholders and partner merchants, and elevating customer experience through digital transformation initiatives. While we experienced aggressive growth in 2023, we remain prudent in credit standards and ensure that we provide tools to help our cardholders better manage their finances.”, RCBC Credit Cards President and CEO Arniel Vincent B. Ong said.
