Advisory on Cross Border Fee Charging

ADVISORY ON CROSS BORDER FEE CHARGING

 

Effective September 1, 2022, a Cross Border Fee charged by the Card Brand will be applied to foreign currency (USD or non-USD) purchases and cash advance transactions converted to Philippine Peso at point-of-sale (POS), whether done in the Philippines, abroad or online. The corresponding fee will be applied on the converted amount which are as follows:

 

Card Brand Purchases Cash Advance
Mastercard 1% 1%
Visa 1% 1%
JCB 1% 1%
Diners Club 1% No fee

 

 

This supersedes previously communicated implementation date of March 1, 2022.