NCCC Partners with Metrobank to Launch Own Credit Card

The New City Commercial Center partnered with Metrobank Card Corp. (MCC) to launch the island’s first-ever co-branded credit card. The new offering from the bank is called the NCCC credit card, which is powered by Mastercard.

According to the Mindanao Times, the NCCC credit card provides users with more accessible and convenient payment options. Apart from this, cardholders will also gain access to a slew of exclusive discounts and promos.

NCCC Partners with Metrobank

While the newly rolled out offering is made in partnership with the Davao-grown retail and shopping mall operator, cardholders may also use their Mastercard for other Metrobank partner merchants. These include online booking and bills payment facilities. Alongside this, users will also be given one point for every P20 spent using the new bank offering.

By the end of 2020, the chief information officer of the New City Commercial Center subsidiary, LTS Pinnacle Holdings, Inc. Joseph G. Uy said in an interview with Business World Online that the company intends to add in more 50,000 customers to their NCCC Mastercard program. These loyal customers would reportedly come from the current lineup of 275,000 NCCC Rewards cardholders.

Francis Ramon Tioseco, credit card marketing head at MCC, said “we partnered with NCCC because we feel like Davao will be a sector of growth not only in terms of retail, especially that the entire region as well continues to grow that is why credit card continues to become a very important tool for consumer[s].”

Through its new offering, Tioseco hopes to be able to cater to more individuals and partners in the whole of Mindanao.

With the Philippine government looking to implement the National ID system for the country, the MCC believes that it could serve as a key driver in expanding business and operations, particularly to underserved areas and communities, reports Business World Online. However, the company needs to further research the feasibility of the intended project.

RELATED ARTICLES

Program for an Electric Vehicle Tax Credit for Union-Built Vehicles
Credit

Program for an Electric Vehicle Tax Credit for Union-Built Vehicles Faces Obstacle

House Democrats' plan to provide customers with an additional option to encourage union-built vehicles has sparked controversy and discussion among legislators, manufacturers, and other parties. The House Ways and Means Committee last week cleared the tax breaks for consideration in the Democrats' $3.5 trillion budget bill measure, despite vocal objections...
Williams-Sonoma Key Rewards Credit Card Program
Credit

Williams-Sonoma and Capital One Introduce The Key Rewards Credit Card Program

Williams-Sonoma, Inc., a leading American home retail company, revealed that it has partnered with bank holding company Capital One to introduce the Key Rewards Credit Card Program. The company’s top-level Key Rewards program is upgraded with new credit cards. Cardholders can accumulate rewards when they shop at Williams Sonoma, Inc....
Federal Bank Credit Cards In Partnership With Visa
Credit

Federal Bank Introduces Credit Cards In Partnership With Visa

Federal Bank has announced the introduction of its credit card in India. To offer credit cards to its current clients, the private banking company has collaborated with Visa, the worldwide financial services corporation. As per Shyam Srinivasan, Managing Director and CEO of Federal Bank, the issuance of the card would...
Wells Fargo Personal Credit Lines Closure Plan
Credit

Wells Fargo Drops Personal Credit Lines Closure Plan

Wells Fargo & Co. sparked a public outcry when it announced plans to phase down personal lines of credit in July, but the firm will reverse direction on August 18, 2021. Customers who have been using their personal credit lines have just received notice from the San Francisco-based lender...
Universal Credit Human Rights Legislation
Credit

The Reduction in Universal Credit Violates Human Rights Legislation

According to the UN's poverty expert, reducing universal credit by £20 per week is an "unjustifiable" decision that violates human rights law and would certainly lead to an expansion of poverty. The retreat of the £1,000-a-year uplift from next month, according to Olivier De Schutter, the UN-appointed chair of the...
Credit Cards Dark Web Data Leak
Credit

Hackers Leak 1M Credit Cards on the Dark Web

One million stolen credit cards have been posted by hackers on the Dark Web through AllWorld.Cards. The act was reportedly done by cybercriminals in an attempt to promote their activities and operations, as well as make their organization known. The leaked credit card information was discovered by cybersecurity researchers from...
Carter’s Child Tax Credit May Boost Children’s Apparel Business
Credit

Carter’s Says Child Tax Credit May Boost Children’s Apparel Business

Carter’s, an American retailer for children’s apparel, says that with the new child tax credit rolling out across the United States, and as the usual shopping for back-to-school resumes, the company is confident about its opportunities. To meet the consumers’ demand, the company is being compelled to pay extra to...
Younited Credit Yields Million in Fund
Credit

Younited Credit Yields $170 Million in Fund Round

Younited Credit, a France-based company, has secured $170 million in fund round. Consumers in Europe can choose from a variety of credit options offered by the startup. It also employs a multi-distribution method. The funding round, which is led by Goldman Sachs, has participants including existing investors such as Bpifrance,...
Sterling Construction Modifies Credit Agreement
Credit

Sterling Construction Modifies Credit Agreement with BMO Harris Bank

Sterling Construction Company, Inc. has modified its current credit agreement with BMO Harris Bank, its lending group. It has revealed that numerous terms of the agreement are revised. Two of the terms include lowering the existing credit agreement borrowing interest rate by 2% points and reducing the credit agreement's future...