Updates on the Minimum Amount Due (MAD) computation for Credit Cards

All BPI and BFSB Credit Cardholders.

Cardholders with a Total Outstanding Balance (TOB) greater than Php 850 will see a lower amount computed for their Minimum Amount Due.

The Minimum Amount Due shall be computed based on the following:

A. Scenario 1 – If the Total Outstanding Balance is less than Php 850, Minimum Amount Due is equal to the Total Outstanding Balance.

B. Scenario 2 – If the Total Outstanding Balance is greater than Php 850, the computation of the Minimum Amount Due shall be as follows:

Resulting Minimum Amount Due computed is Php 850.

C. Scenario 3 – If the Total Outstanding Balance is greater than Php 850, compute Minimum Amount Due. Resulting Minimum Amount Due computed is greater than Php 850.

Paying more than the Minimum Amount Due will reduce the Finance Charge to be billed on your account.

Paying only the Minimum Amount Due will increase the Finance Charges billed and the time that it takes to pay your balance.

Cardholders are required to pay at least the Minimum Amount Due on or before the payment due date to avoid late payment fees.

Finance Charges will apply if payment is less than the Total Amount Due or if payment is made after the payment due date.