Promo Mechanics

1. The Special Installment Plan (S.I.P.) facility is open to existing Credit Card cardholders:

Blue Mastercard BPI SkyMiles Mastercard
Gold Mastercard SkyMiles Platinum Mastercard
Petron-BPI Mastercard    
Amore Visa
BPI Family Credit Card Amore Visa Platinum
Edge Mastercard Visa Signature Card
Corporate Mastercard  

2. Cardholder should avail of Special Installment Plan (S.I.P.) using his BPI Credit card at VW Dermatology clinic up to 3 months Real 0% installment.

3. BPI Credit Card’s Real 0% interest and add-on rates on S.I.P. are available on select items and terms for a minimum purchase of P3,000.

4. The approved installment transaction is automatically deducted from the cardholder’s available credit limit.

5. Offer is applicable to installment credit card transactions only.

6. During promo period, BPI shall offer Special Installment Plan (SIP) Real 0% interest terms and Add-on interest terms on select items for a minimum purchase of P3,000 for credit cardholders only. All transactions are subject to BPI Authorizations approval. 

Add-on Interest Rate Terms and Computation

  Term     Factor Rate 
Monthly Add-On Rate
24 0.049167 0.75%
18 0.063056 0.75%
12 0.090833 0.75%
9 0.121111 1.00%
6 0.176667 1.00%
3 0.343333 1.00%

To illustrate, the monthly amortization for a transaction amount of P20,000 on 24-month installment term is computed as follows:

Monthly amortization       = Loan amount x Factor rate
    = 20,000 x 0.049167
    = P983.34

7. If a cardholder decided to pre-terminate his (S.I.P.) transaction prior to the first billing, BPI Express Credit or BPI Family Credit will charge a pre-termination fee of P550 plus an additional 2% interest on the principal amount. If the pre-termination is done after the first billing, monthly payment shall first be applied to the interest then to the principal using the diminishing balance method plus a pre-termination fee of P550.

8. Any dispute concerning the reward and service related to the reward shall be settled directly between the Cardholder and merchant.

9. Terms and conditions governing issuance of BPI Cards and 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 instances where they are applicable in this offer.