Eligibility
2. The Promotion is open exclusively to PB World MasterCard Principal Credit
Cardmembers during the Promotion Period. (“Eligible Cardmembers”)
3. The following persons are excluded from participating in the Promotion :-
(a) All other PB Credit/Debit Cardmembers who are not holding PB World MasterCard
Credit Card;
(b) Cardmembers whose account(s) are terminated, suspended or cancelled within the
Promotion Period;
© Any accounts held with PB that are delinquent or unsatisfactorily conducted as
determined by PB at its sole and absolute discretion; and
(d) Persons who are or become insane, deceased, adjudicated bankrupt or have legal
proceedings of any nature instituted against them.
Participation Criteria – Offer 1 (Lifetime Annual Fee Waiver)
5. All Eligible Cardmembers whose cards are approved during Promotion Period shall be
entitled to lifetime annual fee waiver without condition.
Didn't you see some doubt here...
Only eligible card members entitled to lifetime annual fee waiver, but the eligibility is excluded all other PB credit card members who are not holding PB WMC...
Means the one that eligible for lifetime annual fee waiver is the one that doesn't hold any other PB credit/debit card members...
Ok, I get it now. Didnt read thru the exclusions list throughly. The key point is 3a. I was not an existing holder of any PBB cards. Maybe thats why I got the WMC with an un-conditional annual fee waiver for as long as I maintain the card. This is one of the ridiculous rules of PBB in offering their new stuff just like the requirement for "fresh funds" for special promo FD rates.
I didnt apply for the WMC, and wasn't even aware that it was one of the credit card products at PBB. If its free then just keep it as a spare back-up.