100% Bonus Madness Limit

Terms and conditions

a. The SIP Real 0% installment terms are available for a minimum single-receipt purchase requirement of Php 3,000 or higher. Minimum purchase requirement may vary per merchant and per tenor.

b. The terms and spend requirement may vary per Merchant and may be available for select items/services only.

c. All installment transactions are subject to BPI’s approval.

d. Cardholder can also choose to avail of other SIP feature:

Up to 100% Bonus Madness Limit for qualified BPI Credit Cardholders

Qualified Credit Cardholders with good credit standing will enjoy increased purchasing power with a bonus installment credit limit of up to 100% of their regular credit line. Approved installment transaction will automatically be deducted from the Madness limit. 100% Bonus Madness Limit is only applicable to installment transactions.

e. The monthly payment shall first be applied to the interest charges then to principal amount using the diminishing balance method.

e.1. BPI will charge an early termination fee of Php 550 + 20% on the principal amount should the cardholder decide to terminate the SIP transaction prior to the 1st billing.  

e.2. BPI will charge an early termination fee of Php 550 for SIP transactions terminated after the first billing.

3. To qualify for the Program, the Cardholder must use his or her Participating BPI Credit Card to pay for his or her purchases at the Participating Merchant.

4. Any dispute concerning the products and/or services related to the Program shall be settled directly between the Cardholder and Merchant.

5. The terms and conditions governing the issuance of BPI Credit Cards, reminders and other provisions contained in card carrier, statement of account, charge slips, and other documents or instruments, which are made an integral part hereof by reference, shall likewise be resorted to in instances where they are applicable in this Program campaign.

How to avail

1. Subject to favorable credit history, qualified credit cardholders can enjoy increased purchasing power with a bonus installment credit limit of up to 100% of their regular credit line. Approved installment transactions will automatically be deducted from the Madness limit.

Sample:

• Regular credit limit: Php 150,000.00
• Outstanding balance: Php 31,005.94
• Available credit limit: Php 118,994.06
• Bonus Madness Limit: P150,000.00 (subject to favorable credit history)
• Total available credit limit for installment: Php 268,994.06

2. Inform the merchant that you wish to avail of your Bonus Madness Limit. The installment transaction amount should be equal to or less than the approved Bonus Madness Limit. 

3. Should the installment transaction amount exceed the Bonus Madness Limit, credit card must be swiped once to use the Bonus Madness Limit and again for the remainder of the amount against your regular credit limit. 

To illustrate:

• Regular credit limit: Php 150,000.00
• Outstanding balance: Php 31,005.94
• Available credit limit: Php 118,994.06
• Bonus Madness Limit: Php 150,000.00 (approved Madness Limit is subject on credit history)
• Desired purchase amount: Php 160,000
• First swipe: Php 150,000 (deducted from the Bonus Madness Limit)
• Second swipe: Php 10,000 (deducted from regular credit limit)