We continue our Credit Card series here in PinoyMoneyTalk with a listing of fees and charges for all local credit cards.
We know that it is expensive to maintain a credit card. That’s why we want you to be aware of all fees and charges, so you’ll realize the need to manage your credit card!
Here is a summary of fees and charges that apply to your Banco de Oro (BDO) credit cards.
BDO Credit Cards
Annual Membership Fees
| BDO Credit Card | Principal Card | Supplementary Card |
|---|---|---|
| Shop More | P75 per month | P50 per month |
| Classic Card * | P1,500 per year | P750 per year |
| Gold Cards | P2,400 per year | P1,200 per year |
Monthly Effective Interest Rate (EIR)
| BDO Credit Card | Peso | Dollar |
|---|---|---|
| Shop More | 3.50% | N.A. |
| Classic Card * | 3.25% | N.A. |
| Gold Cards | 3.00% | 2.50% |
Cash Advance Fee / Late Payment Charge / Returned Check Fee
| Fees and Charges | Peso | Dollar |
|---|---|---|
| Cash Advance Fee ** | 5% of amount withdrawn or P300.00, whichever is higher | 5% of amount withdrawn or US$6.00, whichever is higher |
| Late Payment Charge | 5% of the overdue amount or P300.00, whichever is higher | 4.5% of the overdue amount or US$6.00, whichever is higher |
| Returned Check Fee / ADA Return Fee | P500.00 | US$25.00 |
Other Fees
| Other Fees | Applies to all BDO Credit Cards |
|---|---|
| Minimum Amount Due | The sum of the following: a) 3% of the outstanding balance (less installment amortization, if any); b) installment amortization; c) overdue amount; d) over-limit amount . You pay the sum of a, b, c and dor P200 or US$5 for Dollar transactions, whichever is higher |
| Sales Slip retrieval Fee | P250 for each sales slip retrieved for local transactions or P450 each for international transactions |
| Lost Card Replacement | P250 for each card |
| Foreign Exchage Conversion Rate | Assessment fee of 1% plus service fee of 1% of the converted amount will be charged by MasterCard/Visa/JCB/UnionPay and BDO respectively, and shall be imposed at the sole and absolute discretion of BDO and may be subjected to change. |
| Installment Acceleration Fee | 5% of the total remaining balance or P300 whichever is higher |
Notes:
* Includes BDO Visa Classic and JCB Lucky Cat
** Effective Interest Rate (EIR) for Cash Advance will vary depending on the amount of transaction made within the statement cycle. If you don’t pay full amount, it will incur additional charges on the next cycle date.
Take note: it is expensive to maintain a credit card, so make sure you manage your finances properly! Use your credit cards wisely!
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