PK111 Debit and Credit Cards — Limits, Fees & Settlement

Debit and Credit Cards, the payment rail, is what this page covers. Nothing about a particular operator’s cashier shows up here on purpose, and the last section explains why.

Debit and Credit Cards at a glance

Field	Value
Operated by	BancNet operates domestic debit, alongside the international schemes of Visa and Mastercard. The networks don’t issue the cards — individual BSP-supervised banks do
Regulated by	Bangko Sentral ng Pilipinas, by virtue of the Manual of Regulations for Banks, plus Republic Act No. 10870 and Circular No. 1003
Wallet limit	Not applicable to this rail
Per-transaction cap	Not applicable to this rail
Settlement	Not applicable to this rail
Published fees	Under BSP Circular No. 1165 of 2023, the 24 per cent cap set in 2020 on credit card interest and finance charges for revolving balances gave way to a higher limit of 36 per cent a year, equal to 3 per cent a month. No other fee is permitted on top, since the same circular caps cash advance processing at a flat PHP 200 per transaction. These rates, merchant discount and interchange, come from commercial negotiation between the acquirer and the merchant rather than any BSP cap, and this page skips the commonly quoted percentages since they lack a primary source.

These are snapshot figures, recorded 2026-09. Fees and limits can change without notice at any payment provider, so its own page remains the only current source.

What gambling transactions look like according to Debit and Credit Cards

No source surfaced any Philippine-specific statement from BSP, Visa, or Mastercard addressing gambling transactions. Because gambling merchants fall under the restricted merchant category code 7995 industry-wide, explicit acquirer approval is required, and many issuing banks reportedly turn it down by default. No Philippine networks or regulator have made this statement — it comes from broader payments explainers instead, and its purpose here is limited to explaining a potential decline of a card payment at a gambling merchant, since no published rule exists to cite, not to assert a fact about Philippine cards.

Paying with Debit and Credit Cards at PK111

1. Sign in at PK111 and open the cashier.
2. The cashier lists payment methods for your account — pick Debit and Credit Cards from them.
3. Make sure the name on your PK111 account matches the name on your Debit and Credit Cards account.
4. Confirm the amount only after checking the minimum, maximum and any fee on the cashier screen.

Check the cashier screen before a first deposit with a new method, since it shows your account’s live limits.