Chinabank’s Destinations Mastercard awarded Best Credit Card for Travellers for premium rewards

China Bank’s Destinations Mastercard has emerged as a top choice for affluent travellers, distinguished for its comprehensive travel rewards and premium experiences. By June 2024, the card accounted for 27% of the bank’s credit card portfolio, with over 2,700 cards issued per month, and average spending hitting PHP 55,000 and USD 3,700 per card monthly. This contributes significantly to China Bank’s financial performance, with 35% of the bank’s receivables through 100,000 transactions per month. Strategic partnerships with Accor Plus and Mastercard give cardholders access to exclusive discounts for hotel and dining, travel insurance, and airport lounges. The card’s straightforward air miles conversion and lack of restrictive conditions further differentiate it from competitors. The Destinations Mastercard stands out for its strong market position and value proposition, setting a new standard for travel-centric credit cards in the Philippines.