By March 13, BPI will raise its charge from 2 to 3%.

BPI Credit Card users there will be an increase of interest rate On March 13, 2023, the credit card charge will increase from 2% to 3%. If you have not get the email well here is what you need to know

According to BSP Circular No. 1165, finance charges will be adjusted as follows beginning March 13, 2023:

Finance Charge or Nominal Interest Rate (Effective Interest Rate per month) will increase to 3% (2.73%) from 2% (1.82%).

The Cash Advance Finance Charge or Nominal Interest Rate (Effective Interest Rate per month) will increase to 3% (3.16%) from 2% (2.12%).

These modifications, which will take effect on March 13, will affect:

-All new interest accrued on BPI customers' unpaid balances, including Cash Advance transactions

-Billed but unpaid Special Installment Plan (S.I.P.) amortization balances

-BPI emphasizes that the new rate will have no effect on unbilled SIP amortizations for BPI customers.