Transfer other card balances to your newly-issued BDO Credit Card at ZERO interest for 3 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 Promo with the applicable rate.
Balance Transfer Zero rates are exclusive for select cardholders who received the SMS with the 0% offer.
| | Term
(months) | Add-On-Rate
Per Month | Effective Rate
Per Annum | Factor Rate | | 3 | 0.00% | 0.00% | 0 | | 6 | 0.39% | 7.98% | 0.170567259 | | 9 | 0.39% | 8.35% | 0.115012591 | | 12 | 0.39% | 8.53% | 0.087233675 | | 18 | 0.39% | 8.69% | 0.059455662 | | 24 | 0.39% | 8.75% | 0.045570123 | | 36 | 0.39% | 8.74% | 0.031678864 | | 48 | 0.39% | 8.68% | 0.024733373 | | 60 | 0.39% | 8.61% | 0.020569588 | To compute for the monthly amortization of 3 months term, simply divide the Balance Transfer amount by the term. Sample Computation for a Balance Transfer amount of P30,000 for 3 months term: Balance Transfer amount / 3 months = Monthly Amortization** P30,000 / 3 = P10,000 per month for 3 months For other installment terms: Sample Computation for a Balance Transfer amount of P20,000 for 24 months term: Balance Transfer amount x Factor Rate = Monthly Amortization** P20,000 x 0.045570123 = P911.40 per month for 24 months
**Above computation is presented as a guide to derive the monthly amortization. Quick access to Balance Transfer Zero Calculator
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 Promo Mechanics of Balance Transfer ZERO.
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. To avoid duplicate processing of Balance Transfer, please ensure that request is made only through one application channel. Application status will be sent to registered mobile number via SMS after seven (7) banking days. Any availment made thru other channels may result to double processing and that the cancellation, if there's any, may be charged an Installment Processing fee of 5% of the total remaining balance or P300, whichever is higher. |
