BPI Credit Cards' Low Foreign Exchange Conversion Rate

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

• BPI Rewards Card
• BPI Gold Rewards Card
• BPI Platinum Rewards Card
• BPI Edge Card
• BPI eCredit Card
• BPI Corporate Card
• BPI Signature Card
• BPI Amore Cashback Card
• BPI Amore Platinum Cashback Card
• Petron BPI Card

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 Rate1. 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.