7SPIN Debit and Credit Cards — Limits, Fees & Settlement
Debit and Credit Cards is a Philippine payment rail — regulation: Bangko Sentral ng Pilipinas, following Circular No. 1003, the Manual of Regulations for Banks and Republic Act No. 10870.
Key facts and contents
- Operator
- Visa and Mastercard operate internationally, and BancNet operates domestically for debit. Rather than the networks, individual BSP-supervised banks carry out card issuance
- Regulator
- Bangko Sentral ng Pilipinas, following Circular No. 1003, the Manual of Regulations for Banks and Republic Act No. 10870
- Wallet limit
- Not published
- Per-transaction cap
- Not published
- Settlement
- Not published
- Figures as of
- 2026-09
This page treats Debit and Credit Cards as a Philippine payment rail in its own right — limits, settlement behaviour and published fees — leaving any casino’s cashier aside.
Debit and Credit Cards at a glance
| Field | Value |
|---|---|
| Operated by | Visa and Mastercard operate internationally, and BancNet operates domestically for debit. Rather than the networks, individual BSP-supervised banks carry out card issuance |
| 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 credit card interest and finance charges for revolving balances no longer applies, since BSP Circular No. 1165 of 2023 raised it to 36 per cent a year, or 3 per cent a month. Under that same circular, a flat PHP 200 per transaction is both the ceiling and the entirety of the cash advance processing fee. Commercial negotiation between acquirer and merchant sets merchant discount and interchange rates free of any BSP cap, while this page skips the widely quoted percentages for them given their absent primary source. |
The numbers on this page date to 2026-09 and reflect that moment only. No notice accompanies changes payment providers make to limits and fees, so the provider’s own page is the only place with current numbers.
How Debit and Credit Cards frames gambling transactions
On the subject of gambling transactions, nothing Philippine-specific from BSP, Visa, or Mastercard surfaced. Industry-wide, gambling merchants sit under the restricted merchant category code 7995, which requires explicit acquirer approval and which many issuing banks are said to reject automatically. Neither the networks nor the regulator made a Philippine statement behind this description, which instead comes from general payments explainers and is included only to explain a gambling-merchant card decline with no published rule, not as a sourced fact about Philippine cards.
Paying with Debit and Credit Cards at 7SPIN
- Sign in at 7SPIN and open the cashier.
- Scan the payment methods the cashier lists for your account and settle on Debit and Credit Cards.
- Make sure the name on your 7SPIN account matches the name on your Debit and Credit Cards account.
- Pull up the cashier screen, note the minimum, maximum and any fee, and confirm the amount after.
Check the cashier screen ahead of a first deposit with any new method — the live limits for your account are shown there.
FAQ
Does Debit and Credit Cards charge fees?
Published fees: The 24 per cent cap set in 2020 on credit card interest and finance charges for revolving balances no longer applies, since BSP Circular No. 1165 of 2023 raised it to 36 per cent a year, or 3 per cent a month. Under that same circular, a flat PHP 200 per transaction is both the ceiling and the entirety of the cash advance processing fee. Commercial negotiation between acquirer and merchant sets merchant discount and interchange rates free of any BSP cap, while this page skips the widely quoted percentages for them given their absent primary source.. Providers revise these without notice.
How do I pay with Debit and Credit Cards at 7SPIN?
Head to the cashier once signed in, and choose Debit and Credit Cards from the options it shows for your account. Names on both accounts should align, and the limits the cashier shows deserve a check before you confirm.
Who regulates Debit and Credit Cards?
Debit and Credit Cards — regulation: Bangko Sentral ng Pilipinas, following Circular No. 1003, the Manual of Regulations for Banks and Republic Act No. 10870. That covers the rail, not the casino.
Is Debit and Credit Cards quick, and how quick exactly?
Debit and Credit Cards has no settlement time on the public record.