Card membership fees
Incurred yearly or monthly after the first year of card ownership, upon the card's anniversary date, charged for the use of the card and the provision of its services.
| Card type | Principal card | 1st supplementary card | 2nd to 6th supplementary card |
|---|---|---|---|
| BPI Signature Card | Php 5,500/year | Free for Life | Php 2,750/year |
| BPI Amore Platinum Cashback Card | Php 5,000/year | Free for Life | Php 2,500/year |
| BPI Platinum Rewards Card | Php 4,000/year | Free for life | Php 2,000/year |
| BPI Gold Rewards Card | Php 2,250/year | Free for Life | Php 1,125/year |
| BPI Amore Cashback Card | Php 2,050/year | Free for Life | Php 1,025/year |
| BPI Rewards Card | Php 1,550/year | Free for Life | Php 775/year |
| Petron BPI Card | Php 1,550/year | Free for Life | Php 775/year |
| BPI Edge Card | Php 110/month | Free for Life | Php 55/month |
| BPI Family Credit Card | Php 1,350/year | Free for Life | Php 675/year |
| BPI Corporate Card | Php 1,700/year | Not applicable | Not applicable |
| BPI eCredit Card | Free | Free | Free |
Interest rates and charges
Types of Fees & Charges | Description | Fee |
|---|---|---|
Finance Charge or Nominal Interest Rate1 (Effective Interest Rate per month2) | A Cardholder has the option to pay the Total Amount Due, the Minimum Amount Due, or any amount in between. Finance Charges are incurred when Cardholder pays any amount less than, or does not pay on Payment Due Date, the Total Amount Due, applicable on regular purchases, billed monthly installment amortizations, fees, and interest charges, exclusive of those incurred during the current cycle. | 3% (2.73%) |
Cash Advance Finance Charge or Nominal Interest Rate1 (Effective Interest Rate per month2) | Incurred when the Cardholder avails a Cash Advance transaction, applicable on the cash advance transaction amount and cash advance fees, accrued from transaction posting date until full payment date. | 3% (3.16%) |
To understand how Finance Charges are computed, see Sample Interest Calculations.
1Finance Charge is the nominal rate computed by multiplying the applicable rate to the Average Daily Balance.
2Effective Interest Rate is the average monthly interest divided by the Average Principal Balance.
3Cash Advance Effective Interest Rate per month = Average Monthly Interest plus Cash Advance Fee of Php 200 divided by the Average Principal Balance.
Installment-Related Fees
Types of Fees & Charges | Description | Fee |
|---|---|---|
Special Installment Plan (S.I.P.) Add-on Rate | Incurred upon approval of a S.I.P. Loan, applied to the total loan principal amount monthly for the loan's duration. The specific rate applied is dependent on the loan type, offer, and term availed. | Up to 1% |
Special Installment Plan (SIP) Loan Service Fee | Incurred per approved S.I.P. Loan availment | Php 500 for each Balance Transfer, Credit to Cash, and Balance Conversion availment above Php 50,000.
Php 300 for all Balance Transfer, Credit to Cash, Balance Conversion up to Php 50,000 and all other S.I.P. Loans variants, per availment |
Special Installment Plan (S.I.P) Pre-termination Fee | Billed upon processing of a S.I.P. pre-termination request. | Php 550 pre-termination fee plus 2% of the loan principal amount if Installment is pre-terminated before the first billing.
|
Installment-Related Fees are not applicable for BPI eCredit Card.
Transaction fees
Types of Fees & Charges | Description | Fee |
|---|---|---|
Cash Advance Fee* | Incurred per Cash Advance transaction | Php 200 flat fee per transaction |
Foreign Transaction Service Fee | Incurred by transactions denominated in foreign currencies or originating from foreign merchants and/or acquirers | 0.85% plus the Mastercard / Visa assessment fee of 1% shall apply to the converted amount of foreign-denominated transactions, using the foreign exchange rate of Mastercard / Visa at the time the transaction is posted.
The Mastercard / Visa assessment fee of 1% shall also apply to: A. foreign currency transactions converted then billed in Philippine Peso at point-of-sale or; B. transactions charged in Philippine Peso by a foreign acquirer at point-of-sale. This fee applies whether the transaction is made in/outside the Philippines or online. |
Gaming Transaction Fee | Incurred by any gambling-related transaction | Php 500 or 3% of the gaming transaction, whichever is higher, shall be charged for every gaming transaction in casinos and/or online betting |
Service fees
Types of Fees & Charges | Description | Fee |
|---|---|---|
Card Replacement Fee | Incurred per replacement requested for lost, stolen or damaged cards | Php 400
|
Check Protect Fee | Incurred per check funded by the BPI Credit Card limit, for Cardholders enrolled in BPI Deposit's Check Protect service | Php 1,200 or 2% of the funded check amount by the BPI Credit Card, whichever is higher |
Statement of Account Fee
| Incurred per requested printed copy of the BPI Credit Card Statement of Account | Php 200 per statement of account
|
Account Maintenance Fee1 | If the account is inactive/closed/cancelled with an overpayment, a monthly fee shall be billed, until the balance is zeroed out.
| Php 200/month or the overpayment amount if less than Php 200, will be debited from: A) Closed credit card accounts with overpayment for more than one (1) month from the date of termination / cancellation B) Credit card accounts with overpayment with no activity for the past 12 months
|
Closed Account Maintenance Fee2 | If the account is inactive/closed/cancelled with an overpayment, a monthly fee shall be billed, until the balance is zeroed out. | Php 50/month will be charged to terminated/ cancelled card accounts with credit balances for more than one (1) month from the date of closing |
Express Start Cancellation Fee3 | Incurred if the first-issued BPI Credit Card enrolled under the Express Start program is cancelled before the first anniversary date, except if cancellation is due to non-delivery of such BPI Credit Card(s).
| Php 1,500 |
1Not applicable to BPI Family Credit Card
2Applies to BPI Family Credit Card only
3Express Start Cancellation Fee only applies to cardholders with accounts under deposit holdout. Terms and conditions apply.
Minimum amount due
Important Reminder: Paying less than the total amount due will increase the amount of interest and other charges you pay and the time it takes to repay your balance.
The computation for the Minimum Amount Due shall be as follows:
If your Total Outstanding Balance (TOB) is:
Less than or equal to Php 850 | Minimum Amount Due shall be equal to the TOB |
| More than Php 850 | Compute 3.57% of the difference of the TOB and the sum of new retail purchase, new cash advance transactions, and adjustments posted during the statement month. If the computed amount is:
|
Any amount past due forms part of the Minimum Amount Due and should be paid in full for each card type.
Penalty fees
Types of Fees & Charges | Description | Fee |
|---|---|---|
Late Payment Fee | Incurred if no payment is applied or payment applied to the BPI Credit Card is less than the Minimum Amount Due by the Payment Due Date | Php 850 or equivalent to the value of the unpaid minimum amount due, whichever is lower, will be charged per occurrence per card. |
Returned Check Fee | Incurred for every dishonored check issued by the Cardholder in payment of his / her account | Php 100 for every dishonored check and additional 6% of the check amount |
In case of default, cardholder shall pay the following in addition to penalty and charges:
Types of Fees & Charges | Description | Fee |
|---|---|---|
Attorney's Fee | Incurred if the Cardholder's account is referred to a lawyer or to a collection agency | 25% of the amount due |
Liquidated Damages | Incurred if the payment of the Cardholder's account is enforced through court action | 25% of the unpaid amount, plus litigation expenses and judicial costs |
Updated as of August 2024
Related information
| BPI is regulated by the Bangko Sentral ng Pilipinas