Get up to 12 months SIP with your BPI Credit Card.
Enjoy increased purchasing power with a bonus installment credit limit of up to 100% of their regular credit line
1. The Promo is open to all BPI cardholders in good standing with any of the following participating cards:
BPI Credit Cards
- Blue Mastercard
- Gold Mastercard
- Petron - BPI Mastercard
- Edge Mastercard
- eCredit Mastercard
- Corporate Mastercard
- Amore Cashback Card
- Amore Platinum Cashback Card
- Visa Signature Card
- BPI Family Credit Card
2. BPI cardholders can avail of up to 12 months SIP with low monthly add-on rate at Merchant.
|Low monthly add-on interest term||Terms||Factor Rates||Add-On Rate|
Sample computation (using factor rate for 3-month term):
Price x factor rate:
Php 25,000.00 x 0.343333 = Php 8,583.33
Php 8,583.33 x 3 months = Php 25,749.98
How to Avail Online
a. Visit CNX's website and selects the items to be purchased.
b. Add the preferred items to cart, proceed to the check-out page, and fill in required information.
c. On the check-out page, select “Payment Method”.
d. Select “Pay via BPI Special Installment Plan" as payment option.
e. Click the “Place Order” button.
f. You will be redirected to the Merchant’s Payment Gateway to input your preferred installment type, installment term, and BPI Credit Card details.
g. On the Merchant’s Payment Gateway page, tick “I agree” in terms and conditions.
h. Proceed to BPI Special Installment Plan
i. Select the installment type “BPI SIP Monthly Add-on” or “BPI Real 0% SIP”
j. Select the Payment Term of 3, 6, 9, or 12 months for SIP Monthly Add-on or 3 and 6 months for Real 0% SIP.
k. The monthly amortization will reflect on the screen.
l. Fill in the required information of your card details.
m. Click “Pay Now”.
n. You will receive a confirmation email from the Merchant about your purchase.
3. The cardholder shall review and agree to be bound by the terms and conditions of the Special Installment Plan (SIP):
Terms and Conditions
a. The SIP Real 0% installment terms are available for a minimum single-receipt purchase requirement of Php 3,000.
b. The terms may be available for select items only.
c. All installment transactions are subject to BPI approval.
d. Cardholder can also choose to avail of other SIP feature:
Up to 100% BONUS MADNESS LIMIT for qualified BPI Credit Cardholders
Subject to favorable credit history, qualified Credit cardholders will enjoy increased purchasing power with a bonus installment credit limit of up to 100% of their regular credit line. Approved installment transactions will automatically be deducted from the Madness limit. 100% Bonus Madness Limit is only applicable to installment transactions.
e. Should the Credit cardholder decide to terminate the SIP transaction prior to the first billing, BPI will charge an early termination fee of Php 550 plus an additional 2% on the principal amount. If pre-termination is done after 1st billing, the early termination fee is Php 550. The monthly payment shall first be applied to the interest charges then to the principal amount using the diminishing balance method.
4. To qualify for the Program, the cardholder must use his or her Participating BPI Card to pay for his or her purchases at the Participating Merchant.
5. Any dispute concerning the products and/or services related to the Program shall be settled directly between the cardholder and Merchant.
6. The terms and conditions governing the issuance of BPI Cards, reminders, and other provisions contained in card carrier, statement of account, charge slips, and other documents or instruments, which are made an integral part hereof by reference, shall likewise be resorted to in instances where they are applicable in this Program campaign.