How To Withdraw Money From Bpi Credit Card

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e. Enter amount to be withdrawn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 Privacy Policy