Terms & Conditions

BUY NOW PAY LATER TERMS & CONDITIONS:

  1. The Promo is open to all active principal and supplementary Credit Cardholders of Mastercard, Visa, JCB, UnionPay, Diners Club and American Express Card issued by BDO (“the Cardholders”). Corporate Cards, Distribution Cards and Purchasing Cards are not eligible for installment transactions.

  2. Monthly installment due on Buy Now Pay Later (BNPL) transaction together with monthly interest and penalty charge (if any) will be billed to the cardholder starting on the third (3rd) statement cycle after the original transaction date and every month thereafter until the total amount payable is paid in full.

  3. The entire BNPL installment transaction amount shall be deducted from the Cardholder's available credit limit.                                                                               

  4. Qualified Cardholders may avail of the Zero Percent (0%) interest for a minimum installment purchase worth P3,000 subject to minimum installment amount agreement with partner merchant.

  5. Partner merchant has the sole discretion on the term/s applicable for the  Zero Percent (0%) offering.

  6. Zero Percent (0%) interest is applicable if the cardholder pays his / her monthly installment in full.

  7. For items not included in the 0% offer, the regular monthly add-on interest rates below shall apply:
     

    TENOR ADD ON RATE EFFECTIVE RATE FACTOR RATE
    3 1.00% 17.92% 0.3433381
    6 1.00% 20.29% 0.1766677
    9 0.75% 15.93% 0.1186158
    12 0.70% 15.16% 0.0903338
    18 0.75% 16.43% 0.0630599
    24 0.75% 16.43% 0.0491688
    36 2.00% 39.43% 0.0477781

     

Sample Computation:
Transaction Amount: P10,000
Installment Term: 12 months

 

Formula:
Transaction Amount x Factor Rate = Fixed Monthly Amortization
P10,000 x 0.0903338 = P903.34
 

  1. 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 BDO EasyPay In-store 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 pertinent BDO Credit Card. After BDO has approved the Cardholder’s request to charge the full amount of the remaining unbilled monthly amortizations on the installment transaction, 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.