Adjustment in Monthly Interest Rate to 3%

    


Advisory
Instead of the February 10, 2023 effectivity as recommended by BSP Circular 1165 adjusting the credit card monthly interest rate to 3% maximum, 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®.
 

Frequently Asked Questions

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. 

Click here to view details.
 
View BSP Circular No. 1165 here.

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

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. 
 

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.

Click here to view details.
 

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

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 PHP3,000 or USD200 to installment for as low as 0.49% monthly add-on rate.

    Promo runs until September 30, 2024.
  • Balance Convert
    Convert your outstanding balance of at least PHP20,000 or USD500 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, 2024. 
  • Balance Transfer
    Consolidate your other card balances of at least PHP5,000 to your BDO Credit Card and pay in easy installments for as low as 0.39% monthly add-on rate.

    Promo runs until August 31, 2024. 
  • Cash Installment
    Avail CASH NOW with your BDO Credit Card and pay in installments for as low as a 0.45% monthly add-on rate over a 12 to 24-month term.

    Promo runs until July 31, 2024. 

Yes. Unpaid outstanding credit card balances including Cash Advance transactions will be charged with the 3% monthly interest rate. However, the PHP200 processing fee for Cash Advance transactions will remain as is.   

Contact us

BDO Corporate Center

BDO Corporate Center:

7899 Makati Avenue Makati City 0726, Philippines Trunkline: (+632) 8840-7000

BDO Corporate Center

BDO Contact Center:

Metro Manila: (+632) 8631-8000

Outside Metro Manila

(PLDT): 1-800-10-631-8000

(Globelines): 1-800-8-631-8000
 

International Toll-Free:

(IAC)+800-8-631-8000

(See list of IAC here)

BDO Corporate Center

callcenter@bdo.com.ph

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