BDO Credit Card Fees and Interest Charges

James Ryan Jonas

We continue our Credit Card series here in PinoyMoneyTalk with a listing of fees and charges for all local credit cards.BDO Credit Card Fees

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 CardPrincipal CardSupplementary Card
Shop MoreP75 per monthP50 per month
Classic Card *P1,500 per yearP750 per year
Gold CardsP2,400 per yearP1,200 per year

Monthly Effective Interest Rate (EIR)

BDO Credit CardPesoDollar
Shop More3.50%N.A.
Classic Card *3.25%N.A.
Gold Cards3.00%2.50%

Cash Advance Fee / Late Payment Charge / Returned Check Fee

Fees and ChargesPesoDollar
Cash Advance Fee **5% of amount withdrawn or P300.00, whichever is higher5% of amount withdrawn or US$6.00, whichever is higher
Late Payment Charge5% of the overdue amount or P300.00, whichever is higher4.5% of the overdue amount or US$6.00, whichever is higher
Returned Check Fee / ADA Return FeeP500.00US$25.00

Other Fees

Other FeesApplies to all BDO Credit Cards
Minimum Amount DueThe 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 FeeP250 for each sales slip retrieved for local transactions or P450 each for international transactions
Lost Card ReplacementP250 for each card
Foreign Exchage Conversion RateAssessment 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 Fee5% of the total remaining balance or P300 whichever is higher


* 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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James Ryan Jonas teaches business management, investments, and entrepreneurship at the University of the Philippines (UP). He is also the Executive Director of UP Provident Fund Inc., managing and investing P3.2 Billion ($56.4 Million) worth of retirement funds on behalf of thousands of UP employees.