You may use the following BPI Credit Cards abroad to enjoy the low foreign currency rate of 1.85%:
• BPI Blue Mastercard
• BPI Gold Mastercard
• BPI Amore Cashback Card
• BPI Amore Platinum Cashback Card
• Petron-BPI Mastercard
• BPI Edge Mastercard
• BPI Corporate Mastercard
• BPI Corporate – Bank of America
• BPI Family Savings Credit Card
• BPI Visa Signature Card
• BPI eCredit Mastercard
BPI Corporate Credit Classic is not eligible for foreign transactions.
How can I enjoy BPI Credit Cards' low foreign currency conversion rate at 1.85%?
When making a payment with your BPI Credit Card abroad or in international websites, choose to have your transaction processed/billed in the foreign currency instead of being billed in Philippine Pesos.
This way, you will not be charged with an unfavorable rate from the country's local bank.
Let's make your credit card use safer and more convenient.
Which BPI Credit Cards can I use abroad to get the low foreign conversion rate?
How do I compute for my foreign transactions when I use my BPI Credit Card abroad?
You can compute the Peso equivalent of your purchases abroad by first checking Mastercard/Visa foreign exchange rate applicable on the posting date of the transaction. Afterwards, a 1.85% foreign exchange conversion rate will be applied, which are comprised of the 1% Mastercard/Visa assessment fee and the 0.85% BPI foreign exchange conversion fee.
Why does BPI have a better foreign conversion rate compared to other banks?
Compared with other banks’ service conversion fees which range from 2% to as high as 3.525%, BPI Credit Card rate is only at 1.85%. With your BPI Credit Card, you could save as much as Php 1,188 for every USD 1,500 purchase.
To see the computation, follow this formula:
Purchase amount (A) + Visa Cross Border Assessment Fee or Mastercard Currency Conversion Assessment Amount² and Cross Border Assessment Fee³ (B) + Bank’s Foreign Exchange Service Fee (C)
When using your BPI Credit Card, this is how your money will be converted:
e.g: How will you save as much as Php 1,188 for every USD 1,500 purchase?
First, convert the USD 1,500 into Peso via Visa Foreign Exchange Conversion Rate1. After conversion, USD 1,500 will be Php 72,000. This will be the Purchase Amount (A).
To get the Visa Cross Border Assessment Fee (B), multiply your (A) by 1%.
See sample computation below:
Php 72,000 X .01 = Php 720 is your (B) To get the Bank’s Foreign Exchange Service Fee (C), Multiply your Purchase amount (A) by 0.85%,
See sample computation below:
Php 72,000 X .0085 = Php 612 is your (C)
Now, following the initial formula, see sample computation below:
Php 72,000 - Purchase amount (A)
Php 720 - Visa or Mastercard Cross Border Assessment Fee (B)
Php 612 - Bank’s Foreign Exchange Service Fee (C)
Total Transaction Amount: Php 73,332
When using other bank’s Credit Card, this is how your money will be converted:
Php 72,000 - Purchase amount (A)
Php 720 - Visa or Cross Border Assessment Fee (B)
Php 1,800 - Bank’s Foreign Exchange Service Fee (C)
------------
Total Transaction Amount²: Php 74,520
The difference between BPI and other banks’s Foreign Exchange Service Fee (C) lets you save as much as Php 1,188 for every USD 1,500 purchase compared to other banks.
¹May vary based on the Visa or Mastercard’s daily conversion rates
²Purchase Amount plus Service Fee
³Assessment and Service Fees are multiplied by the Purchase Amount in Php of 72,000 (excluding Mastercard Currency Conversion Assessment Amount)
Does the 1.85% Foreign Exchange Service Fee include the assessment fees charged by Mastercard or Visa?
Yes, the 1.85% foreign conversion fee already includes the 1% assessment fee charged by Mastercard/Visa. This processing or service fee applies to all transactions involving foreign currencies converted to PHP at point of sale, whether executed abroad, in the Philippines or online.
Which foreign conversion rate will be applied if my foreign transaction is in US dollars?
Transactions not in Philippine Peso shall be converted to PHP based on Mastercard or Visa’s currency conversion rate at the time of posting.