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% |
UnionPay | 0.8% | 0.5%* |
Diners Club | 1% | No fee |
This supersedes previously communicated implementation date of March 1, 2022.
*UnionPay’s 0.5% Cross Border Fee for Cash Advance transactions implemented last March 1, 2022 will remain as is.