CASH ADVANCE TRANSACTION

1. How can I avail of Cash Advance?

You can go to any BPI ATM and do the ff:

a. Choose language

b. Select “Cash Advance/Withdraw”

c. Confirm if you want receipt

d. Enter Cash Advance PIN (CAPIN)

e. Enter amount to be withdrawn

2. Which ATMs can the Cardholder use to avail of Cash Advance?

 

BPI MasterCard Credit Card

BPI Visa Credit Card

 

Local

 

BPI ATM

MasterCard Cirrus ATM

BPI ATM

Visa Plus ATM

Abroad

MasterCard Cirrus ATM

Visa Plus ATM

 

CASH ADVANCE FEE, LIMIT, AND PAYMENT

1. What is the minimum amount that can be availed?

The minimum amount for Cash Advance transactions is P500.

2. How much cash can the Cardholder withdraw through Cash Advance?

The Cash Advance limit depends on the BPI Credit Card type the Cardholder has

100% of Total Credit Limit*

  BPI Skymiles Platinum MasterCard,

  BPI Amore Platinum Visa,

  BPI Visa Signature Card

70% of Total Credit Limit*   BPI Gold MasterCard

30% of Total Credit Limit*

  BPI Blue MasterCard,

  BPI Edge MasterCard,

  Petron-BPI MasterCard,

  BPI Family Credit Card,

  BPI Amore Visa,

  BPI Skymiles MasterCard

*subject to availability of credit limit

3. Is there a fee for availing Cash Advance?

Yes. A fee amounting to P200 will be charged for every Cash Advance transaction.

Note: Additional charges may be applied by other banks’ ATM per transaction.

4. When will the Cash Advance transaction reflect on the Cardholder’s Statement of Account?

Cash Advance transactions will be billed on the next statement date.

5. How much is the finance charge and interest rate applied in Cash Advance transactions?

The Finance charge and interest rate applied in Cash Advance transactions are the same with regular transactions.

 

BPI Credit Cards

BPI Family Credit Card

Finance Charge

2%

Effective Interest Rate per month

2.12%

*Cash Advance Effective Interest Rate per month = Average Monthly Insterest plus Cash Advance Fee divided by the Avergae Principal Balance.

6. What is the difference between Cash Advance and Credit-to-Cash?

Credit-to-Cash is a Special Installment Plan Loan, while Cash Advance is treated as a regular transaction. Please see table below for more details

 

Cash Advance

Credit-to-Cash

When to receive cash

On the transaction day itself

Next banking day

Transaction Channels

BPI Branches nationwide

BPI ATMs nationwide

MasterCard Cirrus ATMs worldwide

Visa Plus ATMs worldwide

BPI Branches nationwide

Payment Term

Full amount will be billed on next statement date

3 to 36 months

Interest Treated as a regular transaction Depends on tenor

7. How can the Cardholder compute for his Cash Advance Interest Charges?

The Cash Advance Interest Charges are computed as follows.

BPI MasterCard:  
Total Interest + Cash Advance Fee : P 4,386.12
Average Outstanding Balance : P 17,209.00
Finance Charge per month : 2.00%
Effective Interest Rate (per month) : 2.12%1

Month

Cash Advance

Total Payment

Interest

Cash Advance Fee

Outstanding Principal Balance

Total Outstanding Balance

1

20,000

0

417

2002

20,000

20,617

2

 

1,139

378

 

19,479

19,857

3

 

1,073

402

 

18,783

19,185

4

 

1,072

376

 

18,113

18,489

5

 

1,022

374

 

17,466

17,840

6

 

997

349

 

16,843

17,192

7

 

951

348

 

16,241

16,589

8

 

928

335

 

15,662

15,997

9

 

895

313

 

15,102

15,416

10

 

853

312

 

14,563

14,875

11

 

832

291

 

14,043

14,335

12

 

793

290

 

13,542

13,832

1Cash Advance Effective Interest Rate per month = Average Monthly Interest plus Cash Advance Fee of P200 divided by the Average Principal Balance.
2Cash Advance Fee is P200 per transaction.

8. How can the Cardholder free up his available Cash Advance Limit?

The available Cash Advance Limit is freed up every after payment subject to the hierarchy of the application of payment.


 

For inquiries and comments, please send us a message through www.bpi.com.ph/contactus or call our 24-hour BPI Contact Center at (+632) 889-10000.

Bank of the Philippine Islands is regulated by Bangko Sentral ng Pilipinas. https://www.bsp.gov.ph

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