When making a payment with your BPI Credit Card abroad or in international websites, choose to have your transaction processed/billed in the foreign currency instead of being billed in Philippine Pesos.

This way, you will not be charged with an unfavorable rate from the country's local bank.

You may use the following BPI Credit Cards abroad to enjoy the low foreign currency rate of 1.85%:


BPI Blue Mastercard
BPI Gold Mastercard
BPI Amore Cashback Card
BPI Amore Platinum Cashback Card
Petron-BPI Mastercard
BPI Edge Mastercard
BPI Corporate Mastercard
BPI Corporate – Bank of America
BPI Family Savings Credit Card
BPI Visa Signature Card
BPI eCredit Mastercard

BPI Corporate Credit Classic is not eligible for foreign transactions.

You can compute the Peso equivalent of your purchases abroad by first checking Mastercard/Visa foreign exchange rate applicable on the posting date of the transaction. Afterwards, a 1.85% foreign exchange conversion rate will be applied, which are comprised of the 1% Mastercard/Visa assessment fee and the 0.85% BPI foreign exchange conversion fee.

Compared with other banks’ service conversion fees which range from 2% to as high as 3.525%, BPI Credit Card rate is only at 1.85%. With your BPI Credit Card, you could save as much as Php 1,188 for every USD 1,500 purchase.

To see the computation, follow this formula:

Purchase amount (A) + Visa Cross Border Assessment Fee or Mastercard Currency Conversion Assessment Amount² and Cross Border Assessment Fee³ (B) + Bank’s Foreign Exchange Service Fee (C)

When using your BPI Credit Card, this is how your money will be converted:
e.g: How will you save as much as Php 1,188 for every USD 1,500 purchase?

First, convert the USD 1,500 into Peso via Visa Foreign Exchange Conversion Rate^1.  After conversion, USD 1,500 will be Php 72,000. This will be the Purchase Amount (A).

To get the Visa Cross Border Assessment Fee (B), multiply your (A) by 1%.
See sample computation below:

Php 72,000 X .01 = Php 720 is your (B) To get the Bank’s Foreign Exchange Service Fee (C), Multiply your Purchase amount (A) by 0.85%,

See sample computation below:
Php 72,000 X .0085 = Php 612 is your (C)

Now, following the initial formula, see sample computation below:

Php 72,000 - Purchase amount (A)
Php 720 - Visa or Mastercard Cross Border Assessment Fee (B)
Php 612 - Bank’s Foreign Exchange Service Fee (C)

Total Transaction Amount: Php 73,332

When using other bank’s Credit Card, this is how your money will be converted:

Php 72,000 - Purchase amount (A)
Php 720 - Visa or Cross Border Assessment Fee (B)
Php 1,800 - Bank’s Foreign Exchange Service Fee (C)
------------
Total Transaction Amount²:  Php 74,520

The difference between BPI and other banks’s Foreign Exchange Service Fee (C) lets you save as much as Php 1,188 for every USD 1,500 purchase compared to other banks.

¹May vary based on the Visa or Mastercard’s daily conversion rates
²Purchase Amount plus Service Fee
³Assessment and Service Fees are multiplied by the Purchase Amount in Php of 72,000 (excluding Mastercard Currency Conversion Assessment Amount)

Yes, the 1.85% foreign conversion fee already includes the 1% assessment fee charged by Mastercard/Visa. This processing or service fee applies to all transactions involving foreign currencies converted to PHP at point of sale, whether executed abroad, in the Philippines or online.

Transactions not in Philippine Peso shall be converted to PHP based on Mastercard or Visa’s currency conversion rate at the time of posting.

All BPI Mastercard and Visa Credit Cards are accepted in various establishments worldwide. Inform us of your travel plans to ensure that the card transactions made within and outside the country are valid and authorized by you. Call our customer service hotline (889-1000) prior to your departure so we can assist you in all your travel-related card transaction inquiries.

In case of non-USD currency transactions, these will be first converted to US dollars prior to converting to Philippine Peso.

To see the computation, follow this formula:

Step 1: Purchase amount (In other foreign currency)  + Mastercard Foreign Exchange Conversion Rate  = Purchase amount (In USD Dollar) (A)

Step 2: Purchase amount (In USD Dollar) (A) X 1.002 = Mastercard Currency Conversion Assessment Amount² + Purchase amount (In USD Dollar) =  Purchase Amount after Currency Conversion Fee (B)

Step 3: Convert Purchase Amount after Currency Conversion Fee (B) to Peso by (B) X ₱48 = Settlement Amount ³ (C)

Step 4: Settlement Amount ³ (C) X .08% = Mastercard Cross Border Assessment Fee⁴ (D)
Settlement Amount ³ (C) X .85% = Bank’s Foreign Exchange Service  Fee⁴ (E) Step 5: Add Settlement Amount ³ (C) +  Mastercard Cross Border Assessment Fee⁴ (D) + Bank’s Foreign Exchange Service  Fee⁴ (E) = Total Transaction Amount⁵

See sample computation below:

If you were to spend JPY 1,500 using your BPI Mastercard Credit Card, it will be computed as seen in the steps below:
Step 1: Convert Yen to US Dollars = JPY 1,500  / 114 = USD 13.16 (A)

Step 2: Compute for the Mastercard Foreign Exchange Conversion Rate: USD 13.16 X 1.002 = USD 13.18 (B)

Step 3: Convert to Philippine Peso  USD 13.18 x Php 48 = Php 632 (C)

Step 4: Compute for Mastercard Cross Border Assessment Fee and Bank’s Foreign Exchange Service  Fee:Php 632 X 0.008 = Php 5.05 (D) Php 632  X .0085 = Php 5.37 (E)

Step 5: Compute for the Total Transaction Amount by getting the sum of C, D, and E  Php 632 +  Php 5.05 + Php 5.37 = Php 642.42

¹ May vary based on the Mastercard daily conversion rates
² 1.002 Mastercard Currency Conversion Assessment fee multiplied by the purchase Amount in USD ($13.16)
³ Mastercard Currency Conversion Assessment Amount of $13.18 multiplied by P48 USD to Php conversion rate
⁴ Assessment and Service Fees are multiplied by the Purchase Amount in Php ($13.16 x Php 48) excluding Mastercard Currency Conversion Assessment Amount
⁵ Purchase amount plus total Assessment and Service fees

The foreign exchange rates are available from Mastercard and Visa websites and are updated daily. You may access it through these links:
Mastercard Currency Conversion
Visa Currency Conversion

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