As a PRINCIPAL Cardholder in good standing, you may apply for up to six (6) SUPPLEMENTARY Cards for immediate family members (parents, siblings, spouse, and children, 13 years old and above). With the sub-limit feature, you can manage your SUPPLEMENTARY Cards expenses by simply assigning a specific credit amount for each of the SUPPLEMENTARY Cardholders. As a PRINCIPAL Cardholder, you shall be liable for all purchase and cash advances made, including all interests and charges incurred through the use of the SUPPLEMENTARY Cards.
CARD VALIDITY AND RENEWAL
Unless terminated or canceled prior to expiry date, your Card is valid from the issue date up to the last calendar day of the month indicated on the face of your Card. Renewal of the Card will be at the sole discretion of BDO. If the Card is not renewed, BDO may demand payment of the obligation in full.
This is the regular statement cut-off date of all your BDO Credit Card transactions. If your statement date falls on a Friday, Saturday or a holiday, your statement date will be the preceding day or the following day after your official statement date.
You will get two separate billing statements. All your local transactions will be billed in Philippine Peso, while your international purchases will be billed in US Dollars. For your dollar billing, you have the option to pay the exact amount in Dollar or ask for the exchange rate during payment when you want to pay in Peso.
PAYMENT DUE DATE
Payment should be made on or before the Payment Due Date indicated in your Monthly Billing Statement (MBS) to keep your account active and to avoid late payment charges. If your Payment Due Date falls on a Saturday, Sunday or a “National” Holiday, payment due date is automatically moved to the next business day.
This is the minimum amount that must be paid on or before Payment Due Date. This is the sum of the following: (a) 3% of your Outstanding Balance (Less Installment Amortization, if any); (b) Installment Amortization; (c) Overdue Balance; (d) Over-Limit Amount. You pay the sum of (a), (b), (c) and (d) or P200 (or US$5 for Dollar transactions***), whichever is higher. In case of default, BDO may demand payment of the obligation in full.
This is your total outstanding obligation to BDO as of Statement Date.
If you choose to pay your Outstanding Balance in full on or before the Payment Due Date, no finance charge will be imposed. However, if you choose to pay only the Minimum Payment or any amount less than the Outstanding Balance on or before the Payment Due Date, you will be treated as borrower or a “revolver”. Hence, a finance charge* will be imposed on the outstanding balance stated in your previous MBS computed from cut-off date to payment date and all the unpaid balance from payment date to the next cut-off date. Outstanding balance is the statement balance as of cut-off date inclusive of previous unpaid balance, new retail purchases, cash advances, charges and fees.
* Monthly Interest Rates are reflected at the back of your Monthly Billing Statement (MBS).
Your Credit Limit is the maximum outstanding balance that you and your SUPPLEMENTARY Cardholders, if any, can maintain at any given time. Each principal Card has its own assigned Credit Limit. Please keep your outstanding balance within your assigned Credit Limit. BDO reserves the right to approve or disapprove any purchase or advance that exceeds your Credit Limit. Any amount in excess of the assigned Credit Limit becomes due for payment immediately.
CASH ADVANCE LIMIT
Cash advances may be availed of up to the extent of your Cash Advance Limit via over-the-counter at selected BDO branches or ATMs bearing the MasterCard and Cirrus logo or Visa and Visa Electron logo or UnionPay logo. Each cash advance transaction is subject to a 5% service fee or a minimum amount of P300, whichever is higher. Dollar cash advance service fee is 5% or US$6, whichever is higher***. Finance charges will also accrue from the date of cash advance until the same is completely settled.
This refers to the unpaid balance of the Minimum Payment Due after the Payment Due Date.
LATE PAYMENT CHARGES
If no payment is made on or before Payment Due Date or payment made is below the Minimum Payment, a Late Payment Charge of 5% of the Overdue Amount or P300, whichever is higher, will be charged to your account. For dollar transactions, a late payment charge of 4.5% of the overdue amount or US$6, whichever is higher***.