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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

Who will be affected by this update?

All BPI and BFSB Credit Cardholders.

How will this update affect my Credit Card Statement of Account?

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

How do you compute for the new 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.

How will the new Minimum Amount Due computation impact my Finance Charge?

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

What happens when I pay only Minimum Amount Due on my Credit Card Statement of 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. 

Can I still pay more than the Minimum Amount Due?

Yes, you can pay more than the Minimum Amount Due billed on your statement.  Minimum Amount Due is the minimum amount you can pay on the due date to avoid late payment fees. 

Who can I contact if I have questions regarding Minimum Amount Due computation for my account?

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