MEIR-2023

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 ₱3,000 or US$200 to installment for as low as 0.49% monthly add-on rate.

Promo runs until September 30, 2023.

Balance Convert
Convert your outstanding balance of at least ₱20,000 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 December 31, 2023.

Balance Transfer
Consolidate your other card balances of at least ₱5,000 to your BDO Credit Card and pay in easy installments for as low as 0.45% monthly add-on rate for up to 36 months term.

Promo runs until December 31, 2023.

Cash Installment
CASH NOW for as low as 0.45% 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 October 31, 2023.

Yes. Unpaid outstanding credit card balances including Cash Advance transactions will be charged with the 3% monthly interest rate. However, the ₱200 processing fee for Cash Advance transactions will remain as is.