Buy Now and Pay Later

For worry-free budgeting, you can avail of Buy Now, Pay Later on your Special Installment Plan transactions at participating merchants nationwide.

From the date of purchase, you can start paying the installment amortization up to 90 days later. Succeeding monthly charges will be billed every month thereafter until full transaction amount is paid in full. Buy Now, Pay Later is only applicable to installment transactions.

Sample schedule

Promo Period is from June 6, 2022 to September 30, 2022.

Program Mechanics

1. The Program is open to BPI Credit cardholders in good standing with any of the following participating cards:

BPI Credit Cards

• eCredit Mastercard
• Amore Cashback Card
• Amore Platinum Cashback Card
• BPI Family Credit Card
• Blue Mastercard
• Corporate Mastercard
• Gold Mastercard
• Edge Mastercard
• Petron-BPI Mastercard
• Platinum Rewards Mastercard
• Visa Signature Card

Note: eCredit Mastercard is available only for installment purchases made online at participating merchants.

2. BPI Credit cardholders are entitled to the following installment Program:

Sample computation (using factor rate for 3-month term):
Price                      x     factor rate        
Php 25,000.00      x     0.343333    = Php  8,583.33
    
Total Installment:  
Php 8,583.33         x    3 months     = Php  25,749.98

3. The cardholder shall review and agree to be bound by the terms and conditions of the Special Installment Plan (SIP):

Term and Conditions

a. The SIP Real 0% installment and monthly add-on interest terms are available for a minimum single-receipt purchase requirement of Php 3,000 or higher depending on the merchant.  

b. The terms may vary per merchant and may be available for select items only.

c. All installment transactions are subject to BPI approval.

d. Cardholder can also choose to avail of the 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 transaction will automatically be deducted from the Madness limit. 100% Bonus Madness Limit is only applicable to installment transactions.

Buy Now Pay up to 3 months Later

First monthly amortization will be posted to the BPI Credit cardholder’s account up to 3 months later from date of purchase. Succeeding amortizations shall be billed every month thereafter until full transaction amount is paid in full.

e. The monthly payment shall first be applied to the interest charges then to principal amount using the diminishing balance method

e.1. BPI will charge an early termination fee of Php 550 + 20% on the principal amount should the cardholder decide to terminate the SIP transaction prior to the 1^st billing.

e.2. BPI will charge an early termination fee of Php 550 for SIP transactions terminated after the first billing.

4. To qualify for the Program, the cardholder must use his or her participating BPI Credit 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 Credit 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.

Participating Merchants:

BPI

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

Per DTI Fair Trade Permit No. FETB-144263, Series of 2022