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Brand & Business: Southeast Asia’s first fashion and lifestyle credit card launched by ZALORA and RCBC Bankard in the Philippines

MANILA, PHILIPPINES – ZALORA Philippines, the country’s leading online fashion and lifestyle destination, has come together with RCBC Bankard Services Corporation, the credit card arm of the Rizal Commercial Banking Corp. (RCBC), to launch the ZALORA Credit Card — the first-ever fashion and lifestyle credit card in the region that rewards customers every time they shop.

“This is, without a doubt, ZALORA’s biggest launch to date, and we are very proud to join hands with RCBC on this landmark initiative. We are entering the fourth quarter not only with bigger and better 11.11 and 12.12 mega sales to look forward to, but also the first credit card dedicated to elevating our consumers’ fashion and lifestyle shopping experience,” said Paulo Campos III, Co-Founder and CEO, ZALORA Philippines. “As many as 38 million Filipinos are shopping online now, so a unique credit card that rewards you each time you shop online is not just a covetable “It” accessory; it takes the ZALORA experience that so many love to a whole new level.”

The launch of the ZALORA Credit Card comes against the backdrop of the ongoing pandemic, during which a staggering 52% of Filipinos have shopped online for the first time as they continue to stay home. By offering attractive rewards each time consumers spend online with the ZALORA Credit Card, both on ZALORA’s platform and beyond, the fashion and lifestyle leader is looking to ride on the emerging online shopping behavior to strengthen consumer loyalty.

Sponsor

“This strategic partnership is very timely given the growing ecommerce industry and the improving economic outlook in the Philippines. Together with ZALORA and Mastercard, we are delighted to be ushering a more dynamic, superbly rewarding, and secure payment experience that complements our customers’ evolving lifestyle,” said Arniel Vincent B. Ong, President & CEO, RCBC Bankard.

“As more Filipinos adopt cashless digital payments to enable how they live and work, it is critical that Mastercard together with partners like ZALORA and RCBC Bankard continue to bring digital-first user experiences to market. In addition, Mastercard credit cards are designed to be safe, simple and secure so consumers can have peace of mind that every transaction is protected. The ZALORA co-brand card brings many firsts to market, and Mastercard is excited to play a role in this priceless partnership,” said Simon Calasanz, Country Manager, Mastercard Philippines.

Irresistible Rewards

Shoppers who use the ZALORA Credit Card stand to enjoy an unprecedented array of shopping rewards. In addition to earning 6% ZALORA Cashback when shopping on ZALORA’s platform, they also earn up to 2% ZALORA cashback for all their online expenditures on other websites or apps, along with 0% installments. This gives discerning online shoppers significant savings, payment flexibility, and even more reason to continue shopping on ZALORA for all their fashion and lifestyle needs.

In addition, ZALORA Credit Card holders will receive 1 reward point for every P50 spent on all purchases, regardless of the platform. The accumulated reward points can be spent on a wide variety of quality products that ZALORA has to offer — from wardrobe and home essentials, household supplies, to special dresses and luxurious gifts for important occasions and celebrations with loved ones.

As a welcome gift, new cardholders will also receive a P5,000 ZALORA cashback, as well as an annual ZALORA Now subscription for free express shipping, which will be valid for 365 days. To top it off, the ZALORA Credit Card, which is a Mastercard Titanium card, will come with no annual fee for the first year. A P4,000 principal will apply for subsequent years.

Upon approval, card holders will be issued a separate virtual credit card to make their online shopping experience more seamless, along with exclusive ZALORA perks like priority access to brand launches and mega sale events, as well as exclusive discounts from top local and international brands on ZALORA that can be redeemed on top of the ZALORA Credit Card rewards.

Smart Shopping Experience

With the ZALORA Credit Card, shoppers will also be able to monitor their expenditures with ease via an SMS alert on transactions based on parameters that they can define and personalize according to their own needs. This will be tailored to every shopper’s list of expenses, encompassing factors like monthly budgets, supplementary card transactions, and more.

The ZALORA Credit Card makes it easier than ever for consumers to analyze their expenditures, as cardholders get to view categorized summaries of their transactions. This turns monthly credit statements into convenient and insightful budgeting tools for a truly smart shopping experience.

Sustainability in Your Hands

In line with ZALORA’s efforts to champion sustainability across the fashion ecosystem, the ZALORA Credit Card is set to be the first sustainably made credit card in the Philippines. ZALORA Credit Cards are made with 84% bio-sourced polylactic acid (PLA) derived from non-edible corn. Supplied by Thales, a top

leading EMV chip manufacturer and the world’s #1 payment card supplier, the unique, eco-friendly material is expected to set a precedent for a wider shift towards sustainability in the local banking sector.

As consumers in the Philippines turn rapidly towards online shopping as the norm, the ZALORA Credit Card promises to indulge their flair for fashion, beauty, luxury, as well as conscious and responsible consumption. Moreover, as the festive season approaches, card holders looking to share the joyous occasion with others can expect endless shopping treats on ZALORA, as they explore over 3,500 local and international brands across the platform’s Fashion, Beauty, Sports, Kids, Home, Luxury, and Earth Edit categories, with 100% product authenticity guaranteed.

Shoppers can apply now for the ZALORA Credit Card at zalora.com.ph/zaloracreditcard.

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