BSP Circular

Advisory

Instead of the February 10, 2023 effectivity as provided by BSP Circular 1165 adjusting the credit card monthly interest rate to 3%, BDO will provide additional reprieve by extending the adjustment date to March 12, 2023.

Convert your transactions or outstanding balances via our low interest rate installment offers. Click here to view available installment offers.

*Not applicable to The American Express^® Green Card, The American Express^® Gold Card, and The Platinum Card^®.

BDO Credit Cards - Frequently Asked Questions

1. What is the BSP Circular No. 1165?

The BSP Circular No. 1165, Series of 2023 issued by the Bangko Sentral ng Pilipinas (BSP) is an amendment adjusting the maximum credit card interest rate or Finance Charge to 36% annual interest rate or 3% monthly interest rate.

View BSP Circular No. 1165 here.

CREDIT CARD	EXISTING MONTHLY INTEREST RATE Retail and Cash Advance Transactions	NEW MONTHLY INTEREST RATE Retail and Cash Advance Transactions
CORE - STANDARD / CLASSIC/GOLD
BDO Standard Mastercard	2.00%	3.00%
BDO Visa Classic	2.00%
BDO JCB Lucky Cat	2.00%
Diners Club International	2.00%
BDO Installment Card	2.00%
BDO Gold Mastercard	2.00%
BDO Visa Gold	2.00%
BDO JCB Gold	2.00%
BDO Gold UnionPay	2.00%
Blue from American Express^®	2.00%
American Express^® Credit Card	2.00%
American Express^®Gold Credit Card	2.00%
American Express^® Explorer™ Credit Card	2.00%
American Express^® Cashback Credit Card	2.00%
CO-BRAND
BDO ShopMore Mastercard	2.00%	3.00%
BDO Bench Mastercard	2.00%	3.00%
ELITE
BDO Titanium BDO Platinum Mastercard	2.00%	3.00%
World Elite^TM Mastercard	2.00%
BDO Visa Platinum	2.00%
BDO JCB Platinum	2.00%
BDO Diamond UnionPay	2.00%
Diners Club Premiere	2.00%
American Express^® Platinum Credit Card	2.00%

*Not applicable to The American Express® Green Card, The American Express® Gold Card, and The Platinum Card^®.

2. When will the 3% monthly interest rate take effect?

Starting March 12, 2023 statement date and onwards, the new monthly interest rate of 3% will apply to all unpaid outstanding credit card balances and shall be subject to review every six (6) months.

Existing rates will still be applied to all BDO Credit Card unpaid outstanding balances before the March 12, 2023 statement date.

3. Will the new rate apply only to transactions made starting March 12, 2023?

No. The 3% monthly interest rate will apply to all unpaid outstanding credit card balances starting with the March 12, 2023 statement. Please refer to the sample computation below using the new rate.

Example 1

Statement Date	Jan 30, 2023
Payment Due Date	Feb 24, 2023
Unpaid Balance	15,000.00
Finance Charge to reflect on the February 28, 2023 Statement of Account
Period Covered	Balance subject to Finance Charge	# of Days	Monthly Interest Rate to Apply	Finance Charge
Jan 31 - Feb 9	15,000.00	10	2%	100.00
Feb 10 - Feb 28	15,000.00	19	2%	190.00
Total Finance Charge				290.00

Example 2

Statement Date	Feb 12, 2023
Payment Due Date	Mar 9, 2023
Unpaid Balance	15,000.00
Finance Charge to reflect on the March 12, 2023 Statement of Account
Period Covered	Balance subject to Finance Charge	# of Days	Monthly Interest Rate to Apply	Finance Charge
Feb 13 - Mar 12	15,000.00	28	3%	420.00

4. How about for installment transactions, will the new rate apply?

No. For installment transactions, interest rate on monthly installment due remains at 1% maximum.

5. What are the BDO Credit Card installment offers with lower interest rates that I can take advantage of?

Take advantage of the following BDO Credit Card Installment offers where the interest rate
on monthly installment due remains at 1% maximum.

• Purchase Convert
Convert recent BDO Credit Card purchases of at least P5,000 to installment for as low as 0.49%
monthly add-on rate.
Promo runs until May 31, 2023.

• Balance Convert

Convert your outstanding balance of at least P20,000 on your BDO Credit Card to installment
and enjoy as low as 0.79% monthly add-on rate for up to 60 months term.
Promo runs until June 30, 2023.

• Balance Transfer

Consolidate your other card balances of at least P5,000 to your BDO Credit Card and pay in
easy installments for as low as 0.39% monthly add-on rate for up to 36 months term.
Promo runs until April 30, 2023.

• Cash Installment

CASH NOW for as low as 0.49% monthly add-on rate with your BDO Credit Card and enjoy
lighter payments of up to 36 months. PLUS, pay up to 2 months later.
Promo runs until April 30, 2023.

Terms & Conditions apply. To know more installment offers, visit the BDO website, click Cards,
Credit Cards and select Installment Programs.

6. Is the new rate applicable to Cash Advance transactions?

Yes. Unpaid outstanding credit card balances including Cash Advance transactions will be charged with the 3% monthly interest rate. However, the P200 processing fee for Cash Advance transactions will remain as is.

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