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is something that is readily available to other credit card companies like citibank,unionbank,standard chartered bank and other less geedy bank. We can define amnesty program from other banks but as of now they want your debt to balloon. Example: without amnesty program, 150,OOO. peso debt. even if you already pay 50,000 pesos, your statement of account will balloon to 390,000. accompanied by unfair collections practice from various agencies(like enzi corporation), after paying the amount they requested, they will not grant your amnesty program, sooner you'll find out that 30,000 will be just for finance charges and late payment. w/o amnesty, 3.5%, aah 4% na pala(greed)will be monthly finance charge and late payment of 7.5%. And upon paying again of 20,000 pesos youll find out that it is still void. Amnesty program?They don,t even grant flexible deffered payment scheme that is required by republic act 7394(Consumer Act of the Philippines), how can they grant amnesty program?

Amnesty program from other bank may mean

1.you will pay your outstanding balance equally divided in 36 months without interest provided you issue post dated checks

2. Four year term with not more than 12% per annum interest rate.It means interest up to four years will not exceed 60,000.00

3. Some bank .70% add on interest rate.

Simply put. How can you define something which they don't grant :)

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Q: What is PS Bank credit card amnesty program?
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