Philippine Savings Bank (PSBank) in partnership with Metrobank Card (MCC) has launched a new credit card with no annual fee.

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Dubbed PSBank Credit MasterCard, the new offering can be used by cardholders in over 23 million MasterCard-merchant outlets across the globe.

Cardholders can avail exclusive perks from year-round promotions offering discounts and treats at partner merchants, along with special instalment plans. The benefits can be extended to a maximum of four supplementary cardholders.

The new product will allow cardholders to pay electricity and utility bills through the Bills2Pay Auto Charge Program, and improve cash flow through the Balance Transfer facility.

It will also enable cardholders to use the Cash Advance service to withdraw a certain amount from their credit limit through PSBank and MasterCard-affiliated ATMs, in the Philippines and abroad.

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Cardholders can also view monthly statements online and monitor their credit limit or account balances through the M TXT SMS-based service.

At the same time, the card is equipped with the Europay-MasterCard-Visa (EMV) technology to combat fraud.

PSBank president Vicente Cuna Jr. said: "The PSBank Credit MasterCard does not only give consumers more convenient options to pay for purchases without shelling out cash, it also allows them to enjoy a range of privileges."