Union Bank of the Philippines (UnionBank) and Lazada Philippines, together with Mastercard, teamed up to launch the all-new UnionBank Lazada Credit Card — the Philippines’ first e-commerce credit card that makes online shopping even more rewarding.
This is the only credit card that allows cardholders to directly earn up to 6x Lazada wallet credits from their online spend at Lazada — the highest earning rate among other credit cards in the market. With every PHP200 spent at Lazada, cardholders earn with PHP6 Lazada credits. Meanwhile, the cardholder earns PHP1 for every PHP200 on all other purchases outside Lazada.
“As the country’s leading digital bank, we’re truly excited about this new partnership because we believe the new UnionBank Lazada Credit Card will enable us to serve the growing needs of Filipino shoppers in this rapidly changing digital economy,” according to UnionBank President and CEO Edwin Bautista.
UnionBank Lazada Credit Card gives customers a new safe and secure payment option for their online transactions during these uncertain times. Another testament to UnionBank’s digital banking technology, the credit card product also introduces a new virtual credit card — which cardholders can use for online transactions without waiting for the physical card to be issued.
The cardholder will receive the virtual card, activate, and use it to make online purchases immediately once the application is approved. The virtual card can be viewed safely through the UnionBank Online app, with security controls including biometrics and one-time-password (OTP). A physical card will also be delivered to cardholders for their face-to-face, point-of-sale transactions.
“It is a privilege to collaborate with UnionBank as we work towards creating a secure and inclusive digital economy in the Philippines. With more people turning to the Lazada platform to meet their needs, the new UnionBank Lazada Credit Card will empower Filipino customers to get more value from their purchases as they embrace a cashless digital lifestyle,” according to Ray Alimurung, Lazada Philippines’ Chief Executive Officer.
“We’re excited to partner with Lazada Philippines and launch this newest co-brand credit card with the highest earn rate of up to 6X rewards at Lazada. Especially in this digital age and in the backdrop of limited mobility due to the global pandemic, more and more shopping is done online, and this card is the perfect product to use at Lazada. The more you shop at Lazada, the more you earn credits,” added Ana Delgado, UnionBank Consumer Finance Center head. “I invite everyone to experience how UnionBank Lazada Credit Mastercard makes adding to cart and checking out a rewarding experience. So add to card now!”
“Mastercard is pleased to partner with the country’s multi-awarded digital bank and the top e-commerce platform in Southeast Asia to deliver more value to Filipino e-customers. The UnionBank-Lazada Credit Card is a demonstration of Mastercard’s global expertise in co-brands and its continuing commitment to bringing digital solutions that enable a seamless and secure shopping experience online,” said Rowell del Fierro, Country Manager in the Philippines for Mastercard.
On top of that, cardholders need not compute for any point conversion. Earned rewards are in the form of peso value credits, plus earned credits can be conveniently transferred to the cardholder’s Lazada Wallet using their UnionBank Online app with just a few clicks, anytime, anywhere.
Enjoy exclusive shopping benefits at Lazada with the new UnionBank Lazada Credit Card! Get P5,000 Lazada Wallet credits as a welcome gift when the application is approved for a UnionBank Lazada Credit Mastercard (Terms & Conditions apply). Enjoy free monthly shipping of up to PHP50 and free discount vouchers of up to PHP250 during their Mega Sales (birthday sale, mid-year sale, 9.9, 11.11. 12.12). Special discounts and exclusive sales also await cardholders from Lazada.
Apply now and start a new digital shopping experience at Lazada with the new UnionBank Lazada Credit Card at www.unionbankph.com or www.lazada.com.ph.