Updates on the Minimum Amount Due (MAD) computation for Credit Cards
Please be advised that effective July 2022, the computation of the Minimum Amount Due billed in BPI and BFSB Credit Card monthly statements shall be revised as follows.
If your Total Outstanding Balance (TOB) is:
- Less than or equal to Php 850, MAD shall be equal to the TOB
- More than Php 850: Compute 3.57% of the difference of the TOB and the sum of new retail purchase, new cash advance transactions, and adjustments posted during the statement month.
If the computed amount is:
Less than or equal to Php 850
Minimum Amount Due is Php 850 plus 100% of past due amount, if any.
More than Php 850
Minimum Amount Due is equal to the computed amount, plus 100% of past due amount, if any.
Frequently Asked Questions
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 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.
For inquiries and comments, send us a message or call our 24-hour BPI Contact Center at (+632) 889-10000.
Updated as of July 2022
Originally published on May 2022