BPI Credit Card Fees and Charges

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

bpi-logo-210x125We know that it is expensive to maintain a credit card, so we want you to be aware of all fees and charges, so you’ll know how to manage your credit card!

Here is a summary of fees and charges that apply to all BPI and BPI Family Savings Bank credit cards.

Bank of the Philippine Islands (BPI) and BPI Family Credit Cards

Annual Membership Fees and Finance Charges

Classic CardBlue MasterCardGold MasterCardPetron-BPI MasterCardSkyMiles MasterCardSkyMiles Platinum MasterCard
Annual Fee - Principal CardholdersP1,250P1,550P2,250P1,550P2,050P5,000
Annual Fee - 1st Supplementary CardholdersFREE for lifeFREE for lifeFREE for lifeFREE for lifeFREE for lifeFREE for life
Annual Fee - 2nd to 6th Supplementaty CardholdersP625P775P1,125P775P1,025P2,500
Finance Charges per month/ Effective Interest Rate per month2.75% / 2.49%3.40% / 3.09%3.40% / 3.09%3.40% / 3.09%3.40% / 3.09%3.40% / 3.09%
Edge MasterCardMini-Edge MasterCardAmore VisaAmore Visa Platinume-CreditBPI Family Credit Card
Annual Fee - Principal CardholdersP110/monthP400P2,050P5,000FREE for lifeP1,000
Annual Fee - 1st Supplementary CardholdersFREE for lifeFREE for lifeFREE for lifeFREE for lifeFREE for lifeFREE for life
Annual Fee - 2nd to 6th Supplementaty CardholdersP55/monthP400P1,025P2,500FREE for lifeP500
Finance Charges per month/ Effective Interest Rate per month3.40% / 3.09%3.40% / 3.09%3.40% / 3.09%3.40% / 3.09%3.40% / 3.09%2.00%

Other Fees

For all BPI and BPI Family Savings Bank Credit Cards
Penalty Fees6% of the past due amount
Returned Check Penalty FeeP100 for every dishonored check plus 6% of the check amount
Cash Advance FeeFor withdrawals up to P7,500: P300 per transaction. For withdrawals more than P7,500: 4% of amount withdrawn
Issuer's Service Fee for Foreign Currency Transactions0.75% of MasterCard/Visa's foreign exchange rate at the time the transaction is posted
Charge Slip Retrieval FeeP300
Card ReplacementP400 per card
Check Protect FeeP1,000 plus P200 for every P40,000 or fraction thereof
Special Installment Plan (S.I.P.) Pre-terminationIf pre-termination is done prior to the first billing: P550 plus an additional 2% on the principal amount. If pre-termination is done after the first billing: P550
In case of default, cardholder shall pay the following in addition to penalty and charges:
Attorney's Fee25% of the amount due
Liquidated Damages25% of the unpaid amount, exclusive of litigation expenses and judicial costs

Credit Card terms explained:

  • FINANCE CHARGE — the nominal rate computed by multiplying the applicable rate to the Average Daily Balance.  The current month’s purchases are free from interest. Finance charges are imposed only on the previous month’s unpaid balance.
  • EFFECTIVE INTEREST RATE — total interest divided by the Average Outstanding Principal Balance.
  • CASH ADVANCE EFFECTIVE INTEREST RATE PER MONTH — Total Interest plus Cash Advance Fee divided by Average Outstanding Principal Balance

Take note: it is expensive to maintain a credit card, so make sure you manage your finances properly! Use your credit cards wisely!

Must read these other awesome posts!

About the Author

PSEi support seen at 6,200 and 6,000 amid weaker Peso

In a not-so-surprising move, the U.S. Federal Reserve (Fed) yesterday raised interest rates by 75 basis points (bps) or 0.75% in a bid to tame rising inflation in the United States. This was the third consecutive 0.75% rate hike by the Fed, which brings the federal funds rate, the central bank’s benchmark interest rate, to ... Read more

Official SWIFT Code of BDO, BPI, Metrobank, Philippine banks

When sending cash remittances or wire transfer to a bank account in the Philippines (such as BDO, BPI, Metrobank, Landbank, DBP, etc.), you’ll surely need the SWIFT Code of the bank. Look no further because you can find all the SWIFT Codes you need in this list! Make sure you’re using the right bank code ... Read more

How to Waive your Credit Card Annual Fee (BDO, BPI, Metrobank, RCBC, Citibank, UnionBank)

Without a doubt, one of the most annoying fees that credit cardholders have to pay is the annual fee. Majority of cardholders are familiar with this fee and majority of us likely pay this grudgingly year after year after year. In the case of my credit card with BPI (Bank of the Philippine Islands), I’m ... Read more

Why Filipinos do not become business owners or entrepreneurs

For a majority of Filipinos, entrepreneurship does not seem to be a typical, expected path. This is not surprising, considering that in school, students are primarily taught to become employees after graduation. Students train for years to become staff workers, reporting to a supervisor, and just waiting to receive their wages or salaries every month. ... Read more

My experience investing in Mutual Funds in the Philippines

I started investing in mutual funds when I was 22 years old. As an Overseas Filipino Worker (OFW) then, I was fortunate to be able to save some money at that young age because of my work abroad. One time while I was on vacation in the Philippines, I saw a large billboard in EDSA ... Read more

Income Tax Tables in the Philippines (2022)

The Philippines’ new tax reform bill, known as TRAIN or Tax Reform for Acceleration and Inclusion, was signed into law on December 19, 2017 and its implementation began on January 1, 2018. What are the new income tax rates under the TRAIN law? How will TRAIN affect income taxes of individuals and corporations? How is the ... Read more

PSE Stocks Performance under each Philippine President (1987-2021)

Did you know that Philippine stocks were able to achieve an astounding growth of 800% in a span of 30 years? From 1987 until 2018, the Philippine Stock Exchange index (PSEi) rose from 1,000 points to a peak of 9,000 points — generating a return of 800% over 30 years. (The PSEi is an index ... Read more

SSL 2022: Salary Increases for Teachers, Nurses, Gov’t Employees

Good news to all government employees! There’s a new round of salary increases beginning January 1, 2022! Millions of employees of the Philippine government — including public school teachers, nurses and staff of government hospitals, and workers in local and national government agencies, etc. — will be getting an automatic salary adjustment this 2022 under ... Read more

PSE Trading Hours in 2022: What time open, when closed?

Before you take the plunge into stock trading and investing, make sure you understand what stocks are and how the Philippine Stock Exchange (PSE) operates. Unlike other investments that are relatively safe, stock trading is risky and loss of money is a possibility. So before you deep dive into the exciting world of stock trading, ... Read more

Price Floor and Price Ceiling of PSE Stocks

Trading bands in the PSE come in two forms: Price Ceiling, or the upper price limit, and Price Floor, or the lower price limit.

3 thoughts on “BPI Credit Card Fees and Charges”

  1. Thanks a bunch for sharing this with all folks you actually realize what you’re talking about!
    Bookmarked. Kindly additionally seek advice from my web site
    =). We may have a link alternate agreement among us

  2. Hi genuinely superior study.I should admit aim pretty new to using WordPress well basically very new. Just starting for getting the hang of it. Reading your put up has been pretty informative. I must admit still not totally 100 percent clear in my head. So have just put your blog on my desktop so I can go straight to it and have another search later.

  3. Hi the informations stated in here still not 100% percent clear in my head. What about putting informations if there will be insterests even if the customer never use the money on the card?


Leave a Comment