Convert recent purchases on BDO Credit Card to installment at 0.49% monthly add-on rate!
Rates:
Eligibility is determined by BDO at the time of Purchase Convert application. Qualified Cardholders will receive Viber, SMS or email (from “BDO Deals”) about the Promo with the applicable rate.
If no promo ID has been received, kindly apply and log-in to BDO Online Banking>Credit Card Services>Select a Request>Purchase Convert.
| Term | Factor Rate | Add-On-Rate
Per Month | Effective Rate
Per Annum |
| 3 | 0.338234129 | 0.49% | 8.80% |
| 6 | 0.171571251 | 0.49% | 10.02% |
| 12 | 0.088237124 | 0.49% | 10.69% |
| 18 | 0.060458437 | 0.49% | 10.87% |
| 24 | 0.046570705 | 0.49% | 10.92% |
| | Sample Computation | PHP | USD | | Total Amount for Purchase Convert | PHP 20,000 | USD 800 | | Term (months) | 24 | 24 | | Factor Rate | 0.046570705 | 0.046570705 | | Fixed monthly amortization** | PHP 931.41 | USD 37.26 | Purchase Convert Amount x Factor Rate = Monthly Amortization**
**Above computation is presented as a guide to derive the monthly amortization. Quick access to Purchase Convert Special Rate Calculator
APPLICABLE FEES | Installment Availment Fee | P100 for PHP transaction or
USD5 for USD transaction | This will be charged for every approved Purchase Convert transaction. | | Installment Processing Fee | 5% of the total remaining balance or P300 for PHP-denominated transactions or USD10 for USD-denominated transactions, whichever is higher | This will apply only to Installment Acceleration requests and will be charged after request has been approved. | Transactions must meet the following conditions to qualify for the promo:
a) PHP transactions must be charged to a BDO Credit Card or BDO-issued American Express® Card.
b) USD transactions must be charged to a BDO Dual Currency Credit Card or BDO-issued American Express® Platinum International Dollar Cards.
c) All transactions must meet the minimum single-receipt purchase of P3,000 for PHP or USD200 for USD.
d) Availment must not be more than sixty (60) days from the transaction date. Processing time will take 5 banking days.
e) Supplementary and Virtual Card transactions may be converted to installment provided that application will be requested by the Principal Cardholder.
Qualified Cardholders may apply for multiple transactions for Purchase Convert, subject to individual form submission for every application.
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 sent to registered mobile number via SMS after five (5) banking days.
Click here for the complete Promo Mechanics of Purchase Convert Special Rate Promotion |
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