Purchase Convert

 

Convert your recent purchases* to installment for as low as 0.88%
monthly add-on rate. Plus, pay up to 4 months later!

 

 

Promo Period:
September 9 to December 15, 2021
Extended until January 31, 2022 as approved by DTI FTEB 124087.

 

Qualified Cards:

Peso Conversion

Dollar Conversion

• BDO Mastercard, Visa, JCB, UnionPay and Diners Club Credit Cards
• BDO-issued American Express Cards
• Dual Currency BDO Mastercard, Visa, UnionPay and Diners Club Credit Cards 
• Dual Currency American Express Cards issued by BDO 
• American Express Cards International Dollar Cards issued by BDO
 

 

*Minimum Amount: P3,000 or USD200

 

Installment Term Options:

Choose the convenient term for you.

Term

Factor Rate

Add-on Rate Per Month

Effective Rate Per Annum

3

0.342138176

0.88%

15.78%

6

0.175470425

0.88%

17.89%

12

0.092137489

0.88%

18.96%

18

0.064360104

0.88%

19.16%

24

0.050466939

0.88%

19.12%

 

Sample Computation for Purchase Convert Monthly Amortization

Sample Computation for a Purchase Convert PHP amount of P20,000 for 24 months
Purchase Convert PHP Amount x Factor Rate = Monthly Amortization**
P20,000 x 0.050466939  = P1,009.34 per month for 24 months


Sample Computation for a Purchase Convert USD amount of $800 for 24 months
Purchase Convert USD Amount x Factor Rate = Monthly Amortization**
$800 x 0.050466939 = $40.37 per month for 24 months           


**Above computation is presented as a guide to derive the monthly amortization. Actual monthly amortization may vary slightly due to rounded values.

 

 

Two ways to avail:

Read the Step-by-Step Guide for Purchase Convert application via BDO Online Banking.

 

Not yet enrolled in BDO Online Banking? Enroll Now!

 

NOTE: To avoid duplicate processing of Purchase Convert request, please ensure that transaction conversion request is made only through one application channel. Application status will be available after 5 banking days.

 

Sample Payment Schedule with billing holiday

Monthly installment due on Purchase Convert applications with 3 months billing holiday together with monthly interest and penalty charge (if any) will be billed to the cardholder starting on the fourth statement cycle after the original transaction date and every month thereafter until the total amount payable is paid in full.
 

Complete Promo Mechanics

For Peso Application

  1. The BDO Purchase Convert (also known as EasyPay Convert) PHP Promotion (“Promo”) is open to all active Principal Credit Cardholders of MasterCard, Visa, UnionPay, Diners Club, JCB, and American Express® Credit Card issued by BDO. Excluded are International Dollar Cards, Tie-up Cards, Corporate Cards, Distribution Cards, Purchasing Cards, and Installment Cards.

  2. Promo is from September 9 to December 15, 2021. Extended until January 31, 2022 as approved by DTI FTEB 124087.

  3. PHP transaction must meet the following conditions to qualify for the promo:

  1. PHP transactions must be charged to a BDO or American Express® Credit Card

  2. All PHP transactions must meet the minimum single-receipt purchase of P3,000.

  3. Availment must not be more than SIXTY (60) days from the transaction posting date. Processing time will take 5 banking days.

  1. The following transactions/MCCs are disqualified from the Promo:

  1. Transactions associated with Gambling (7995 and 9754), money transfers or other similar cash transactions.

  2. Cash and other money transfer transactions (4821, 4829, 6010, 6011, 6012, 6050, 6051, 6211, 6532, 6533, 6536, 6537, 6538, 6540, and 7012) like Cash Advance, and any amortizing transaction

  3. Other BDO installment transactions like 0% interest, EasyPay Regular Installment, etc.

  1. Total add-on interest of the Purchase Convert PHP request will be deducted from and should be within the available credit limit. 

  2. The promo monthly add-on interest rates below shall apply.

    Term Factor Rate Add-on Rate Per Month Effective Rate Per Annum
    3 0.342138176 0.88% 15.78%
    6 0.175470425 0.88% 17.89%
    12 0.092137489 0.88% 18.96%
    18 0.064360104 0.88% 19.16%
    24 0.050466939 0.88% 19.12%

    Sample Computation for a Purchase Convert PHP amount of P20,000 for 24 months
    Purchase Convert PHP Amount x Factor Rate = Monthly Amortization**
    P20,000 x 0.050466939  = P1,009.34 per month for 24 months

    **Above computation is presented as a guide to derive the monthly amortization.  Actual monthly amortization may vary slightly due to rounded values.

  3.  There may be a slight difference between the actual monthly installment amortization billed and the computed monthly installment amortization presented in the sample computation. Amounts may differ due to the rounded values.

  4. Approved Purchase Convert PHP applications can no longer be reversed/cancelled.

  5. Monthly installment due on Purchase Convert applications with 3 months billing holiday together with monthly interest and penalty charge (if any) will be billed to the cardholder starting on the fourth statement cycle after the original transaction date and every month thereafter until the total amount payable is paid in full.

  6. All transactions are subject to the Bank's approval and once approved shall be subject to the Terms and Conditions (“T&C”) of the Purchase Convert Program and the T&C governing the issuance and use of the BDO Credit Cards.

  7. BDO may, at its sole and absolute option, accommodate Cardholder’s request to accelerate the charging of the full amount of the remaining unbilled monthly amortization/s on the Purchase Convert PHP installment transactions, provided that the Cardholder's total outstanding balance due for the pertinent monthly billing cycle is paid in full. Further, a corresponding Installment Processing Fee of 5% of the total remaining balance or P300, whichever is higher, will be charged to the Cardholder’s account. After BDO has approved the Cardholder's acceleration, the total accelerated amount due and the corresponding Installment Processing Fee shall form part of the total outstanding amount due for the pertinent monthly billing cycle and must be paid in full.

 

For Dollar Application

  1. The BDO Purchase Convert (also known as EasyPay Convert) USD Promotion (“Promo”) is open to qualified Principal Dual Currency Credit Cardholders of MasterCard, Visa, UnionPay, Diners Club, American Express® Credit Card issued by BDO (“Cardholder”), whose accounts are active and current at the time of the application. Excluded are Corporate Cards, Distribution Cards, Purchasing Cards and Installment Card.

  2. Promo is from September 9 to December 15, 2021. Extended until January 31, 2022 as approved by DTI FTEB 124087.

  3. USD transaction must meet the following conditions to qualify for the promo.

  1. USD transactions must be charged to your BDO Dual Currency Credit Card or American Express® International Dollar Cards.

  2. All USD transactions must meet the minimum single-receipt purchase of USD200.

  3. Availment must not be more than SIXTY (60) days from the transaction posting date.  Processing time will take 5 banking days.

  1. The following transactions/MCCs are disqualified from the Promo:

  1. Transactions associated with Gambling (7995 and 9754), money transfers or other similar cash transactions.

  2. Cash and other money transfer transactions (4821, 4829, 6010, 6011, 6012, 6050, 6051, 6211, 6532, 6533, 6536, 6537, 6538, 6540, and 7012) like Cash Advance, and any amortizing transaction

  3. Other BDO installment transactions like 0% interest, EasyPay Regular Installment, etc.

  1. Total add-on interest of the Purchase Convert USD request will be deducted from and should be within the available credit limit. 

  2. The promo monthly add-on interest rates below shall apply.

    Term Factor Rate Add-on Rate Per Month Effective Rate Per Annum
    3 0.342138176 0.88% 15.78%
    6 0.175470425 0.88% 17.89%
    12 0.092137489 0.88% 18.96%
    18 0.064360104 0.88% 19.16%
    24 0.050466939 0.88% 19.12%

    Sample Computation for a Purchase Convert USD amount of $800 for 24 months
    Purchase Convert USD Amount x Factor Rate = Monthly Amortization**
    $800 x 0.050466939 = $40.37 per month for 24 months          

    **Above computation is presented as a guide to derive the monthly amortization.  Actual monthly amortization may vary slightly due to rounded values.

  3. There may be a slight difference between the actual monthly installment amortization billed and the computed monthly installment amortization presented in the sample computation. Amounts may differ due to the rounded values.

  4. Approved Purchase Convert USD applications can no longer be reversed/cancelled.

  5. Monthly installment due on Purchase Convert applications with 3 months billing holiday together with monthly interest and penalty charge (if any) will be billed to the cardholder starting on the fourth statement cycle after the original transaction date and every month thereafter until the total amount payable is paid in full.

  6. All transactions are subject to the Bank's approval and once approved shall be subject to the Terms and Conditions (“T&C”) of the Purchase Convert Program and the T&C governing the issuance and use of the BDO Credit Cards.

  7. BDO may, at its sole and absolute option, accommodate Cardholder’s request to accelerate the charging of the full amount of the remaining unbilled monthly amortization/s on the Purchase Convert USD installment transactions, provided that the Cardholder's total outstanding balance due for the pertinent monthly billing cycle is paid in full. Further, a corresponding Installment Processing Fee of 5% of the total remaining balance or USD10, whichever is higher, will be charged to the Cardholder’s account. After BDO has approved the Cardholder's acceleration, the total accelerated amount due and the corresponding Installment Processing Fee shall form part of the total outstanding amount due for the pertinent monthly billing cycle and must be paid in full.

Terms and Conditions

2021 Purchase Convert / EasyPay Convert for PHP Transactions

  1. BDO shall have the absolute and exclusive right to approve or reject applications for Purchase Convert.  The Purchase Convert principal amount with interest will be deducted from and should be within the available credit limit. If the Cardholder has no sufficient credit limit, BDO has the sole discretion to approve only a portion of the amount applied for. In case of rejection of the application BDO is under no obligation to notify the Cardholder of the said rejection and of the reason thereof.

  2. The Cardholder acknowledges liability to BDO for any Purchase Convert transaction request that has been implemented and the amount of Purchase Convert transaction together with interest and penalty charges, if any, will form part of the Cardholder's payment obligation to his BDO Credit Card.

  3. Monthly installments due on the Purchase Convert transactions is comprised of monthly principal and interest components computed based on diminishing balance.  Interest and principal components of the monthly installments due may not be equal from month to month.
    Monthly installment due on Purchase Convert applications with 3 months billing holiday together with monthly interest and penalty charge (if any) will be billed to the cardholder starting on the fourth statement cycle after the original transaction date and every month thereafter until the total amount payable is paid in full.

  4. The Cardholder acknowledges that there may be a slight difference between the actual monthly installment amortization billed and the monthly installment amortization presented in a sample computation.  Amounts may differ due to the rounded values.
    Notwithstanding the foregoing, the Cardholder acknowledges that the agreed periodic amortization computed using the corresponding factor rate may differ from the amortization computed and generated by BDO System due to rounding off of the corresponding factor rate, which is automated in BDO’s system. Cardholder hereby consents and authorizes BDO to round off the corresponding factor rate in the computation of the agreed periodic amortization and hereby accepts any change in the factor rate, including the amortization amount as a result thereof.

  5. In cases of suspension, cancellation and/or non-renewal of the BDO Credit Card due to non-payment or breach of any of the Terms and Conditions Governing the Issuance and Use of BDO Credit Cards, the same shall automatically render all the outstanding obligations of the Cardholder under the Purchase Convert Program of BDO due and demandable without need of a prior notice.

  6. Approved Purchase Convert applications can no longer be reversed/cancelled. BDO may, at its sole and absolute option, accommodate Cardholder's request to accelerate the charging of the remaining unbilled monthly amortization/s, but the total remaining balance after the acceleration, must be paid in full. The Cardholder will be charged an installment processing fee of 5% of the total remaining balance or P300, whichever is higher.  After BDO has approved the Cardholder's acceleration, the total accelerated amount and the installment processing fee shall form part of the total outstanding amount due for the pertinent monthly billing cycle and must be paid in full.

  7. Approved Purchase Convert applications shall not be eligible to earn rewards points, rebates or miles.

  8. The Terms and Conditions governing the issuance and use of the BDO Credit Cards shall continue to apply to the Purchase Convert Program and to the Cardholder’s availment of such Program and shall be deemed incorporated with and made integral parts of these Terms and Conditions.  In case of conflict between the above stated provisions and the BDO Credit Card Terms and Conditions, the latter shall prevail.

  9. The Cardholder’s use/availment of the Purchase Convert Program constitutes the Cardholder’s agreement to the above Terms and Conditions.

  10. The above Terms and Conditions may be amended and supplemented by BDO with DTI's consent from time to time upon notice to the Cardholder. 
     

SAMPLE DIMINISHING BALANCE COMPUTATION
FOR PURCHASE CONVERT TRANSACTIONS
(WITH 3 MONTHS BILLING HOLIDAY)

 

 

 

2021 Purchase Convert / EasyPay Convert for USD Transactions

  1. BDO shall have the absolute and exclusive right to approve or reject applications for Purchase Convert.  The Purchase Convert principal amount with interest will be deducted from and should be within the available credit limit. If the Cardholder has no sufficient credit limit, BDO has the sole discretion to approve only a portion of the amount applied for. In case of rejection of the application BDO is under no obligation to notify the Cardholder of the said rejection and of the reason thereof.

  2. The Cardholder acknowledges liability to BDO for any Purchase Convert transaction request that has been implemented and the amount of Purchase Convert transaction together with interest and penalty charges, if any, will form part of the Cardholder's payment obligation to his BDO Credit Card.

  3. Monthly installments due on the Purchase Convert transactions is comprised of monthly principal and interest components computed based on diminishing balance.  Interest and principal components of the monthly installments due may not be equal from month to month.
    Monthly installment due on Purchase Convert applications with 3 months billing holiday together with monthly interest and penalty charge (if any) will be billed to the cardholder starting on the fourth statement cycle after the original transaction date and every month thereafter until the total amount payable is paid in full.

  4. The Cardholder acknowledges that there may be a slight difference between the actual monthly installment amortization billed and the monthly installment amortization presented in a sample computation.  Amounts may differ due to the rounded values.
    Notwithstanding the foregoing, the Cardholder acknowledges that the agreed periodic amortization computed using the corresponding factor rate may differ from the amortization computed and generated by BDO System due to rounding off of the corresponding factor rate, which is automated in BDO’s system. Cardholder hereby consents and authorizes BDO to round off the corresponding factor rate in the computation of the agreed periodic amortization and hereby accepts any change in the factor rate, including the amortization amount as a result thereof.

  5. In cases of suspension, cancellation and/or non-renewal of the BDO Credit Card due to non-payment or breach of any of the Terms and Conditions Governing the Issuance and Use of BDO Credit Cards, the same shall automatically render all the outstanding obligations of the Cardholder under the Purchase Convert Program of BDO due and demandable without need of a prior notice.

  6. Approved applications for Purchase Convert can no longer be reversed/cancelled. BDO may, at its sole and absolute option, accommodate Cardholder's request to accelerate the charging of the remaining unbilled monthly amortization/s, but the total remaining balance after the acceleration, must be paid in full. The Cardholder will be charged an installment processing fee of 5% of the total remaining balance or USD10, whichever is higher.  After BDO has approved the Cardholder's acceleration, the total accelerated amount and the installment processing fee shall form part of the total outstanding amount due for the pertinent monthly billing cycle and must be paid in full.

  7. Approved Purchase Convert applications shall not be eligible to earn rewards points, rebates or miles.

  8. The Terms and Conditions governing the issuance and use of the BDO Credit Cards shall continue to apply to the Purchase Convert Program and to the Cardholder’s availment of such Program and shall be deemed incorporated with and made integral parts of these Terms and Conditions.  In case of conflict between the above stated provisions and the BDO Credit Card Terms and Conditions, the latter shall prevail.

  9. The Cardholder’s use/availment of the Purchase Convert Program constitutes the Cardholder’s agreement to the above Terms and Conditions.

  10. The above Terms and Conditions may be amended and supplemented by BDO with DTI's consent from time to time upon notice to the Cardholder. 

SAMPLE DIMINISHING BALANCE COMPUTATION
FOR PURCHASE CONVERT TRANSACTIONS
(WITH 3 MONTHS BILLING HOLIDAY)


 

 

Please ensure that the BDO Credit Card (including card replacement/renewal) used for your application is ACTIVE and enrolled in BDO Online Banking.

 

Additional Reminders

  • Total add-on interest should be within the cardholder's available credit limit.

  • Transaction should be single-receipt purchase of at least Php3,000 or USD200.

  • Transactions not allowed for Purchase Convert: 

  • Any transaction associated with Gambling

  • Cash Advance transactions

  • Money Transfers or any similar cash transaction

  • Other BDO installment transactions like 0% Interest, EasyPay Regular Installment, etc.

 

 Per DTI Fair Trade Permit No. FTEB 124087, Series of 2021.