The VPBank Platinum Mastercard is designed for customers in Vietnam who want a reliable international credit card with rewards.
It combines VPBank’s digital banking tools with Mastercard’s global acceptance, making it suitable for daily spending, travel, and online purchases.
This guide explains the card’s main features, how to apply, the documents you need, interest rates, and fees.
Overview of the VPBank Platinum Mastercard
The VPBank Platinum Mastercard is positioned as a mid- to high-tier credit card for customers with stable income and a clean credit history.
Applicants usually need a minimum monthly income of around 15 million VND, and credit limits may reach up to 1 billion VND.
VPBank also promotes up to 45 days of interest-free credit for customers who pay their full statement balance on time.
Points reward system
12 reward points per 1,000 VND spent on selected categories such as convenience stores, cafes, dining, spas, and transportation.
6 reward points per 1,000 VND spent on all other eligible spending.
Reward points may be redeemed for vouchers, gifts, or services based on VPBank’s reward catalogue.
Eligibility and Required Documents
VPBank uses several criteria to evaluate applications for the Platinum Mastercard.
While exact requirements may vary, customers generally must:
- Be at least 18 years old.
- Have a stable monthly income, commonly listed as 15 million VND or higher.
- Pass VPBank’s internal credit history and risk assessment.
- You should prepare the following documents:
- National ID card or passport.
- Proof of income (salary slips, employment contract, or bank statements showing salary deposits).
- Proof of residence if requested (household registration or temporary residence confirmation).
Self-employed applicants may be asked for additional documents, such as business registration or tax records.
Requirements may differ for existing VPBank customers since the bank may already have some information on file.
How to Apply for the VPBank Platinum Mastercard
VPBank allows applications through two main channels: online and at a branch.
1. Apply Online
VPBank’s website supports online credit card applications. Select the VPBank Platinum Mastercard as your preferred card.
Fill out the online application with your full name, contact details, and ID information. Provide your employment and income information.
Submit scanned or photographed documents (ID, salary proof, etc.). Review your application and submit it for processing.
2. Apply at a VPBank Branch
Bring your original ID and income documents to any VPBank branch. Request the VPBank Platinum Mastercard application form.
Complete the form with your personal and financial details. Submit the form and documents for review.
Branch staff can explain current promotions, annual fees, repayment schedules, and benefits.
Interest Rates, Annual Fees, and Key Charges
Publicly available financial platforms list the following typical pricing for the VPBank Platinum Mastercard.
Interest Rate
Approximately 2.99% per month on outstanding balances.
This equals roughly 35.88% per year if the balance is carried throughout the year.
Interest does not apply when you pay your balance in full during the interest-free period.
Annual Fees
699,000 VND for the primary card (exclusive of VAT).
First supplementary card: Free for the first year.
Additional supplementary cards: Around 250,000 VND each (exclusive of VAT).
Other Possible Fees
Late payment fees if you miss your due date. Cash advance fees and higher interest for ATM withdrawals.
Foreign transaction fees for transactions in non-VND currencies.
Because banks update fees periodically, customers should verify the latest fee schedule directly with VPBank before applying.
VPBank Contact Details and Head Office Information
If you need help during the application process, VPBank provides multiple support channels.
Head Office (Hanoi)
Address: 89 Lang Ha Street, Dong Da District, Hanoi, Vietnam
Telephone: (84 24) 3928 8869
Customer Care Hotline
1900 545 415 (available 24/7)
This hotline is recommended for assistance with credit card applications, lost cards, card activation, or general banking inquiries.
VPBank also accepts written complaints or support documents by mail sent to the head office address listed above.
Tips for Using the VPBank Platinum Mastercard Responsibly
The VPBank Platinum Mastercard offers useful benefits, but it’s important to manage your spending carefully.
- Pay your balance in full each month to avoid high interest charges.
- Track your spending through VPBank NEO to avoid overspending.
- Use the card mainly for planned purchases to qualify for reward points in beneficial categories.
- If traveling abroad, ask VPBank about foreign currency fees.
- Set payment reminders so you never miss a due date.
Using the card responsibly helps you maintain a strong credit record and make the most of VPBank’s reward program.
VPBank Platinum Mastercard – Pros and Cons
Consider:
| Pros | Cons |
|---|---|
| Strong rewards program, offering higher points on categories like supermarkets, dining, transport, and beauty services. | High interest rate (around 2.99% per month) if the balance is not paid in full. |
| High potential credit limit, often suitable for customers with strong income and spending needs. | Annual fee of 699,000 VND, which may be high for low-usage customers. |
| Up to 45 days interest-free when paying the full statement balance on time. | Rewards and promotions change frequently, requiring users to stay updated. |
| Accepted worldwide through the Mastercard network, making it useful for travel and online purchases. | May require additional documents or stricter screening for self-employed applicants. |
| Can apply online via VPBank NEO, making the process fast and convenient. | Foreign transaction fees apply for purchases in non-VND currencies. |
| Includes supplementary card options, with the first supplementary card often free in Year 1. | Cash advances come with higher fees and interest compared to regular purchases. |
Conclusion: Should You Apply for the VPBank Platinum Mastercard?
The VPBank Platinum Mastercard is a practical choice for individuals who want a rewarding, widely accepted credit card.
Before applying, always verify the latest requirements, interest rates, and fee schedule directly with VPBank, as details may change.
If you meet the eligibility criteria and want a versatile payment tool for daily spending and travel, this card may be a strong option.
Disclaimer: This article is for informational and educational purposes only. Card features, fees, and eligibility requirements may change, and VPBank may update terms without prior notice. Always check VPBank’s official website or contact the bank directly for the most accurate and current information before applying.
