Digital bank Maya Bank has announced its latest credit card collaboration with Landers, a membership-based supermarket chain in the Philippines. Early applicants approved by Maya will receive a fifty percent discount on Landers Premium Membership.
The credit card will be regulated by the Bangko Sentral ng Pilipinas (BSP) to ensure customer protection and compliance with Philippine financial regulations.
The Landers Cashback Everywhere Credit Card, issued by Maya Bank, offers substantial rewards on various purchases, including 5% at Landers, 2% on dining, and 1% on other transactions. Additionally, the card has no annual fees.
Interested individuals may apply on the Landers website for a reduced fee of ₱350 instead of ₱700, reflecting a fifty percent discount. To claim the card, applicants should bring one valid ID and membership code to any Landers Superstore branch. Online membership purchasers will receive the code via email.
Maya Bank, backed by PLDT’s Voyager Inc., became the sixth digital bank in the Philippines after obtaining a licence from the Bangko Sentral ng Pilipinas (BSP) in September 2021. Integrated with the Maya e-wallet app, users must register and upgrade their accounts with a valid ID to access Maya’s banking products, including Maya Business and Maya Center.
Maya Bank offers various financial services, including support for cryptocurrency transactions. As a digital bank licensed by the BSP, Maya provides several account options with different interest rates: Personal Goals Accounts (4% per annum), Savings Accounts (3.5% per annum), Business Deposit Accounts (2.5% per annum), and Time Deposit Accounts (up to 6% per annum).
Featured image credit: Edited from Maya Bank
