Balance Transfer

 

Enjoy a low 0.59% monthly add-on rate when you transfer your other card
balances to your BDO Credit Card. Plus, pay up to 2 months later!

 

 

Promo Period: 
January 1 to April 30, 2022

 

Qualified Cards:

  • BDO Mastercard, Visa, JCB, UnionPay and Diners Club Credit Cards
  • BDO-issued American Express Cards

Minimum Amount: P10,000

 

Installment Term Options:

Choose the convenient term for you.

Term Factor Rate Add-on Rate Per Month Effective Rate Per Annum
3 0.339233897 0.59% 10.59%
6 0.172568133 0.59% 12.04%
9* 0.117011399 0.59% 12.57%
12 0.089237537 0.59% 12.83%
18 0.061456925 0.59% 13.02%
24 0.047570010 0.59% 13.06%
36* 0.033679504 0.59% 12.97%

*9 and 36 months installment terms are not available for BDO Online Banking application.

 

Sample Computation for Balance Transfer Monthly Amortization

Sample Computation for a Balance Transfer amount of P20,000 for 24 months
Balance Transfer Amount x Factor Rate = Monthly Amortization*
P20,000 x 0.047570010 = P951.40 per month for 24 months

 

*Above computation is presented as a guide to derive the monthly amortization. Actual monthly amortization may vary slightly due to rounded values.

 

Three ways to avail


 

Read the Step-by-Step Guide for Balance Transfer application via BDO Online Banking.

 

Not yet enrolled in BDO Online Banking? Enroll Now!

 

Applicable Fees
Installment
Availment Fee 
P250 This will be charged for every approved Balance Transfer application.
Installment Processing Fee 5% of the total remaining balance or P300, whichever is higher This will apply only to Installment Acceleration requests and will be charged after request has been approved.

 

Sample Payment Schedule with billing holiday

Monthly installment due on Balance Transfer applications with one (1) month billing holiday together with monthly interest and penalty charge (if any) will be billed to the cardholder starting on the second statement cycle after the original transaction date and every month thereafter until the total amount payable is paid in full.

Complete Promo Mechanics

2022 Balance Transfer Promotion 

  1. The BDO Balance Transfer Promotion (“Promo”) is open to Principal Credit Cardholders of Mastercard, Visa, UnionPay, Diners Club, JCB, and American Express® Credit Card issued by BDO (“Cardholder”), who are not prohibited by applicable laws, regulations and policies from participating in and/or qualifying for this Promo, on his/her own Non-BDO Credit Card Balances. Provided that the Non-BDO Credit Card Balances are issued by a major card issuer and/or bank in the Philippines and is/are at least six months old; active and current at the time of application. Excluded from this Promo are Distribution Cards, Purchasing Cards, Corporate Cards, Simple Cards, Tie-Up Cards, Installment Cards and International Dollar Cards.

  2. Promo Period is from January 1 to April 30, 2022.

  3. Qualified cardholders may transfer his Non-BDO credit card or personal/salary loan account balances to his BDO Credit Card for a minimum Balance Transfer amount of P10,000 charged on 3, 6, 9, 12, 18, 24 or 36-month installment term.

    Term Factor Rate Add-on Rate Per Month Effective Rate Per Annum
    3 0.339233897 0.59% 10.59%
    6 0.172568133 0.59% 12.04%
    9* 0.117011399 0.59% 12.57%
    12 0.089237537 0.59% 12.83%
    18 0.061456925 0.59% 13.02%
    24 0.047570010 0.59% 13.06%
    36* 0.033679504 0.59% 12.97%

    Note: 9 and 36 month installment terms are not available for BDO Online Banking application.

    Sample Computation for a Balance Transfer amount of P20,000 for 24 months
    Balance Transfer Amount x Factor Rate = Monthly Amortization*
    P20,000 x 0.047570010 = P951.40 per month for 24 months

    *Above computation is presented as a guide to derive the monthly amortization. Actual monthly amortization may vary slightly due to rounded values.

  4. The Principal Cardholder can apply for the Promo via BDO Branches, BDO Online Banking and BDO Customer Contact Center. Table below shows ways on how to avail and minimum requirements to apply.

    Application
    Channel
    Ways to Avail Requirements
    BDO Online 
    Banking
    Click here for the Step-by-Step Guide on how to apply for Balance Transfer via BDO Online Banking. Upload valid ID
    BDO Branches1
     
    Visit any BDO branch and apply over-the-counter
     
    1. Balance Transfer application form with Principal Cardholder's signature
    2. Copy of two (2) valid IDs of Principal Cardholder with signature
    BDO Customer Contact Center Call (02) 8631-8000 or 1-800-10-6318000 (Domestic Toll Free)  

     

  5. The required minimum Balance Transfer amount may come from a maximum of two (2) non-BDO2 credit card or personal/salary loan account balances that is/are at least six (6) months old; active and current at the time of application.  The Balance Transfer amount per Non-BDO credit card or personal/salary loan account balance(s) must be at least P5,000, charged on one (1) installment term, and issued by a major card issuer and/or bank in the Philippines.

  6. The Balance Transfer principal amount with interest will be deducted from and should be within the available credit limit.

  7. The Cardholder must continue to pay the minimum amount due on his Non-BDO credit card or personal/salary loan account balance while the Balance Transfer application is still in process.

  8. All transactions are subject to the Bank's approval and once approved shall be subject to the Terms and Conditions (“T&C”) of the Balance Transfer Program and the T&C governing the issuance and use of the BDO Credit Cards.

  9. If approved, BDO will issue a check or make a fund transfer directly to the Non-BDO card issuer/bank.  The check or fund transfer amount will be equivalent to the approved Balance Transfer amount.

  10. Balance Transfer transactions applied thru BDO Online Banking are subject to five (5) working days processing time.

  11. An Installment Availment Fee of P250 will be charged for every approved Balance Transfer application. The Installment Availment Fee is non-refundable and will be due/payable even if Cardholder decides to pay the entire remaining balance before the end of the payment term. 

  12. Approved Balance Transfer applications can no longer be reversed/cancelled.

  13. Monthly installment due on Balance Transfer applications with one (1) month billing holiday together with monthly interest and penalty charge (if any) will be billed to the cardholder starting on the second statement cycle after the original transaction date and every month thereafter until the total amount payable is paid in full.

  14. There may be a slight difference between the actual monthly installment amortization billed and the computed monthly installment amortization presented in the sample computation. Amounts may differ due to the rounded values.

  15. BDO may, at its sole and absolute option, accommodate Cardholder’s request to accelerate the charging of the full amount of the remaining unbilled monthly amortization/s on the Balance Transfer installment transactions, provided that the Cardholder's total outstanding balance due for the pertinent monthly billing cycle is paid in full. Further, a corresponding Installment Processing Fee of 5% of the total remaining balance or P300, whichever is higher, will be charged to the Cardholder’s account. After BDO has approved the Cardholder's acceleration, the total accelerated amount due and the corresponding Installment Processing Fee shall form part of the total outstanding amount due for the pertinent monthly billing cycle and must be paid in full. 

 

1Balance Transfer applications can be processed in over 1,000 BDO branches nationwide. 
2All other banks’ credit cards applied through BDO branches shall be processed while-you-wait except for Asia United Bank, BPI, Metrobank, Security Bank and Union Bank credit cards which will be processed within 5 banking days.

Terms and Conditions

2022 Balance Transfer Program

  1. The Balance Transfer program/facility of BDO allows a Cardholder in good credit standing to transfer to his/her BDO Credit Card his/her other outstanding balances with his/her Non-BDO credit card.

  2. BDO shall have the absolute and exclusive right to approve or reject applications for Balance Transfer.  The Balance Transfer principal amount with interest and applicable fees will be deducted from and should be within the available credit limit. BDO has the sole discretion to approve only a portion of the amount applied for.  In case of rejection of the application, BDO is under no obligation to notify the Cardholder of the said rejection and of the reason thereof.

  3. Prior to the approval of the Cardholder's application for Balance Transfer, the Cardholder shall continue to pay the minimum amount due on his/her Non-BDO credit card/s. The Cardholder agrees and understands that payment by BDO to Non-BDO Credit Card company/ies may be remitted days after the posting of the  Balance Transfer amount to his/her BDO Credit Card to allow BDO reasonable time for processing. In the event of delay in payment by BDO to the Non-BDO Credit Card company/ies for whatever reason/s, or rejection/non-acceptance of payment by the Non-BDO Credit Card company/ies, the Cardholder hereby absolutely holds BDO free from any liability for penalties, charges and damages, if any, which may be imposed by the Non-BDO Credit Card Company/ies upon the Cardholder as a result of the said delay, rejection or non-acceptance of payment by the Non-BDO Credit Card Company/ies.

  4. Upon approval of the Balance Transfer application, BDO will send the check payment directly to the Non-BDO Credit Card Company/ies. Receipt of payment by the Non-BDO Credit Card Company/ies shall be deemed as receipt of the proceeds of Balance Transfer by the Cardholder himself/herself, and a credit availment from BDO to the extent of the amount of the Balance Transfer. Approved Balance Transfer applications can no longer be reversed/cancelled. It is understood that the Cardholder shall have the obligation to contact BDO for confirmation of the status of his/her Balance Transfer application (whether approved or disapproved), and that payment made by the Cardholder to the Non-BDO Credit Card Company/ies of the amount applied for the  Balance Transfer prior to or without such confirmation, shall be at Cardholder’s own risk and account. Thus, in case of double payment of the Balance Transfer amount to the Non-BDO Credit Card Company/ies (i.e., payment by BDO and payment by the Cardholder), the Cardholder shall continue to be liable to BDO for reimbursement/payment of such Balance Transfer amount under the Balance Transfer program/facility.

  5. An Installment Availment Fee of P250 will be charged for every approved Balance Transfer application. The Installment Availment Fee is non-refundable and will be due/payable even if Cardholder decides to pay the entire remaining balance before the end of the payment term. 

  6. BDO may, at its sole and absolute option, accommodate Cardholder's request to accelerate the charging of the remaining unbilled monthly amortization/s, but the total remaining balance after the acceleration must be paid in full. The Cardholder will be charged an installment processing fee of 5% of the total remaining balance or P300, whichever is higher.  After BDO has approved the Cardholder's acceleration, the total accelerated amount and the installment processing fee shall form part of the total outstanding amount due for the pertinent monthly billing cycle and must be paid in full.

  7. The Cardholder acknowledges liability to BDO for any Balance Transfer request that has been implemented and the amount of Balance Transfer together with interest and penalty charges, if any, will form part of the Cardholder’s payment obligation to his/her BDO Credit Card.

  8. Monthly installments due on the Balance Transfer transactions is comprised of monthly principal and interest components computed based on diminishing balance.  Interest and principal components of the monthly installments due may not be equal from month to month.
    Monthly installment due on Balance Transfer applications with one (1) month billing holiday together with monthly interest and penalty charge (if any) will be billed to the cardholder starting on the second statement cycle after the original transaction date and every month thereafter until the total amount payable is paid in full.

  9. The Cardholder acknowledges that there may be a slight difference between the actual monthly installment amortization billed and the monthly installment amortization presented in a sample computation.  Amounts may differ due to the rounded values.
    Notwithstanding the foregoing, the Cardholder acknowledges that the agreed periodic amortization computed using the corresponding factor rate may differ from the amortization computed and generated by BDO System due to rounding off of the corresponding factor rate, which is automated in BDO’s system. Cardholder hereby consents and authorizes BDO to round off the corresponding factor rate in the computation of the agreed periodic amortization and hereby accepts any change in the factor rate, including the amortization amount as a result thereof.

  10. In case of partial payment of the amount due on the Balance Transfer, the unpaid balance shall be charged the applicable penalty, interest and/or late payment charges imposed by BDO.

  11. In cases of suspension, cancellation and/or non-renewal of the BDO Credit Card due to non-payment or breach of any of the Terms and Conditions Governing the Issuance and Use of BDO Credit Cards, the same shall automatically render all the outstanding obligations of the Cardholder under the Balance Transfer Program of BDO due and demandable without need of a prior notice.

  12. The monthly interest rates, late payment penalty and other charges on the Balance Transfer are determined by BDO and may be subject to change in accordance with the prevailing market rates for similar transactions to be availed by the Cardholder.

  13. It is understood that payment made by BDO on behalf of the Cardholder to the Non-BDO Credit Card Company/ies pursuant to the Balance Transfer facility shall not constitute a novation (substitution of debtors) within the meaning of the Civil Code of the Philippines. Hence, the Cardholder shall remain to be liable to the Non-BDO Credit Card Company/ies for any outstanding obligation to the latter, and the Non-BDO Credit Card Company/ies shall have no right whatsoever to collect and enforce the same against BDO.

  14. Approved Balance Transfer applications shall not be eligible to earn rewards points, rebates or miles.

  15. The Terms and Conditions governing the issuance and use of the BDO Credit Cards shall continue to apply to the Balance Transfer Program and to the Cardholder’s availment of such Program and shall be deemed incorporated with and made inegral parts of these Terms and Conditions.  In case of conflict between the above stated provisions and the BDO Credit Card Terms and Conditions, the latter shall prevail.

  16. The Cardholder’s use/availment of the Balance Transfer Program constitutes the Cardholder’s agreement to the above Terms and Conditions.

  17. The above Terms and Conditions may be amended and supplemented by BDO with DTI's consent from time to time upon notice to the Cardholder. 

Applicable Fees

Installment
Availment Fee 
P250 This will be charged for every approved Balance Transfer application.
Installment Processing Fee 5% of the total remaining balance or P300, whichever is higher This will apply only to Installment Acceleration requests and will be charged after request has been approved.

 

 

SAMPLE DIMINISHING BALANCE COMPUTATION 
FOR BALANCE TRANSFER TRANSACTIONS

 

 

Please ensure that the BDO Credit Card (including card replacement/renewal) used for your application is ACTIVE and enrolled in BDO Online Banking.

 

 

Per DTI Fair Trade Permit No. FTEB 134529, Series of 2021.