Transfer card balances from other banks to BDO Credit Card at 1% monthly add-on rate for up to 60 months installment term.
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 Program with the applicable rate.
| Term
(months) | Factor Rate | Add-On-Rate
Per Month | Effective Rate
Per Annum | | 3 | 0.343338077 | 1% | 17.92% | | 6 | 0.176667651 | 1% | 20.29% | | 9 | 0.121111407 | 1% | 21.11% | | 12 | 0.093334686 | 1% | 21.46% | | 18 | 0.065559120 | 1% | 21.65% | | 24 | 0.051670980 | 1% | 21.58% | | 36 | 0.037777833 | 1% | 21.20% | | 48 | 0.030836753 | 1% | 20.76% | | 60 | 0.026666667 | 1% | 20.31% | 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 0.051670980 = P1,033.42 per month for 24 months **Above computation is presented as a guide to derive the monthly amortization. APPLICABLE FEES | Installment Availment Fee | P250 | 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 Program Mechanics of Balance Transfer at 1%. NOTE: After the submission of online webform, Cardholder will receive an SMS from BDO to complete the application. Balance Transfer application will be processed in 5 to 7 banking days. SMS applications such as Google messages may add prefix "0" to the short code 225678 which may result to non-receipt of application. BDO System does not recognize responses from (02)25678. Click here for sample.
|
Print