JL29 Debit and Credit Cards — Limits, Fees & Settlement

The section ahead covers Debit and Credit Cards as a payment method, touching on who runs it, its licensing, and what it publishes on limits and fees.

Debit and Credit Cards at a glance

Field	Value
Operated by	The international schemes belong to Visa and Mastercard, and domestic debit belongs to BancNet. BSP-supervised banks, individually, are the ones issuing the cards, rather than the networks themselves
Regulated by	Bangko Sentral ng Pilipinas
Wallet limit	Not applicable to this rail
Per-transaction cap	Not applicable to this rail
Settlement	Not applicable to this rail
Published fees	The 24 per cent cap set in 2020 on revolving-balance credit card interest and finance charges was replaced by BSP Circular No. 1165 of 2023 with a 36 per cent a year limit, or 3 per cent a month. PHP 200 flat per transaction is the ceiling that circular sets for cash advance processing fees, and no other fee can be added. BSP doesn’t cap merchant discount or interchange rates — those are a matter of commercial negotiation between acquirer and merchant — and this page omits the percentages typically quoted for them given their lack of a primary source.

Point-in-time figures, as recorded in 2026-09. Because providers change limits and fees unannounced, only the provider’s own page is current.

Debit and Credit Cards’ stance on gambling transactions

A Philippine-specific position on gambling transactions from BSP, Visa, or Mastercard does not appear to exist in any locatable source. Many issuing banks reportedly decline merchant category code 7995 by default, the restricted classification that gambling merchants fall under industry-wide and that requires explicit acquirer approval. The origin of that description is general payments explainers, not any Philippine-specific announcement from networks or the regulator; here it merely explains a possible decline of a card payment at a gambling merchant absent a published rule, and isn’t offered as a confirmed fact about Philippine cards.

Paying with Debit and Credit Cards at JL29

1. Sign in to JL29 and head to the cashier screen.
2. Your account’s cashier menu lists several payment methods — go with Debit and Credit Cards.
3. Make sure the name on your JL29 account matches the name on your Debit and Credit Cards account.
4. Confirm the amount only after the cashier screen’s minimum, maximum and fee have been read.

Your account’s current limits are on the cashier screen; read them each time you use a method for the first time.