Transfer card balances from other banks to BDO Credit Card at 0.45% monthly add-on rate for 12 to 36-month installment terms.
Rates:
Eligibility is determined by BDO at the time of Balance Transfer application. Qualified Cardholders will receive Viber, SMS or email (“from BDO Deals”) about the Promo with the applicable rate.
| | Term
(months) | Factor Rate | Add-On-Rate
Per Month | Effective Rate
Per Annum | | 3 | 0.338837224 | 0.55% | 9.88% | | 6 | 0.172168067 | 0.55% | 11.23% | | 9 | 0.116612092 | 0.55% | 11.73% | | 12 | 0.087836841 | 0.45% | 9.83% | | 18 | 0.060057080 | 0.45% | 10.00% | | 24 | 0.046168007 | 0.45% | 10.05% | | 36 | 0.032281274 | 0.45% | 10.03% | |
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• Sample Computation for a Balance Transfer amount of P20,000 at 24 months term: | Balance Transfer Amount | x Factor Rate | = Monthly Amortization** | | P20,000 | x 0.046168007 | = P923.36 per month for 24 months |
**Above computation is presented as a guide to derive the monthly amortization. Quick access to Balance Transfer Special Rate Calculator APPLICABLE FEES | Installment Availment Fee | P200 | This will be charged for every approved Balance Transfer application. | | Installment Processing Fee | 5% of the total remaining balance or P300, whichever is higher | This will apply only to Installment Acceleration requests and will be charged after request has been approved. | Click here for the complete Promo Mechanics of 2023 Balance Transfer Special Rate Promotion. |
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