There is no minimum number. The company can opt to issue just one (1) corporate card.

It is the company who assigns the credit limit per employee, depending on their individual requirements.

The increase in credit limit can be processed on the same day, as long as the request is received no later than 2pm.

The card can be cancelled on the same day, as long as the request is received no later than 2pm. For lost cards, please call our 24-hour BPI Contact Center at (+632) 889-10000 for immediate blocking.

The company should put in place the Policies and Procedures covering its Corporate Card Program. The best practice is to have the cardholder sign an agreement certifying that he/she has read and agrees to comply with the Terms and Conditions governing the use of his/her corporate card.

All purchases shall be billed and paid in Philippine Pesos.

The company can pay BPI via any of the following:
a. Auto-debit from the Company account
b. Corporate pay via Express Bills Presentment and Payment facility wherein the company pays online vs. its corporate deposit account the specific amounts for each of the cardholders;
c. Over-the-counter at any of the over 840 BPI or BPI Family Bank branches nationwide

For payments to be made directly to BPI by the employees, the payment options are:
a. Auto-debit from the cardholder's payroll account
b. BPI Online (enrollment required)
c. 24-hour BPI Contact Center (enrollment required)
d. Over-the-counter at any of the over 1,176 BPI or BPI Family Bank branches nationwide

The Bureau of Internal Revenue (BIR) requires top 20,000 private corporations to withhold and remit taxes on local purchases of goods (1%) and services (2%) made by its employees in the course of doing business. However, the BIR issued a Clarificatory Memo stating that if purchases were made using company-issued credit cards, said purchases would not be subject to any withholding tax. The use of corporate cards therefore allows companies to do away with the administrative difficulties associated with the process of withholding tax.

For inquires and comments, send us a message or call our 24-hour BPI Contact Center at ‎(+632) 889-10000.