Access to emergency cash

Get emergency cash for as low as
0.60% monthly rate with your BDO Installment Card

Promo Mechanics:

1. The BDO Installment Card Low Rate Promo (“Promo”) is open to BDO Installment Cardholders (“Cardholders”) who receive the promo SMS/electronic direct mail from BDO within the Promo Period.

2. The Promo will be available from June 1 to August 31, 2020 (“Promo Period”).

3. The Promo is applicable to Cash Availment transactions with 6, 12, 18, 24 and 36-month terms.

4. To qualify, Cardholder must submit a Cash Availment application through any of the following channels, within the Promo Period:

   • Call the Cash Availment Hotline: 02 8688-1212
     (8:30am – 5:30pm, from Mondays to Fridays, except holidays)

   • Visit any BDO Branch*

   • Email BDO-InstallmentCard@bdo.com.ph* with the subject: “BDO Installment Card Promo”

   • Text “INST” and send to 225678 for Globe/Smart/Sun/TM**
     List of options will appear, reply with “INST<space>IC<space>Last Name, First Name, Middle Name/Contact Number” to 225678
     Sample: INST<space>IC<space> Dela Cruz, Juan, Santos/09179876543

*Cardholder must submit a duly-accomplished Cash Availment Form and photocopies of 2 valid government-issued IDs (original IDs must be presented).
**SMS is free of charge.

5. Cardholder must have an existing BDO Peso Checking or Savings Deposit Account where the Cash Availment proceeds may be credited.

6. The minimum Cash Availment amount is P10,000 per transaction.

7. Cardholders may perform multiple Cash Availments within the Availment Period, subject to the approved and available credit limit of the Cardholder’s BDO Installment Card.

8. An optional Payment Holiday bundle is available to qualified Cash Availment transaction under the Promo.  Cardholder should indicate in his/her Cash Availment application whether he/she wishes to avail of the Payment Holiday bundle.  Monthly installment due on such transactions will be billed to the Cardholder starting on the second statement cycle after the Cash Availment posting date and every month thereafter until the total amount payable is paid in full.

9. If the Cardholder does not choose to avail of the Payment Holiday bundle, the first amortization of the Cash Availment will be billed on the first credit card statement cycle from the Cash Availment posting date.

10. Qualified Cash Availments shall be subject to the following Interest Rates:

    Term (months)	Monthly Add-on Rate	Effective Interest Rate per Annum	Factor Rate
    6	0.99%	20.09%	0.176567737
    12	0.60%	13.04%	0.089336043
    18	0.60%	13.24%	0.061559627
    24	0.60%	13.27%	0.047668742
    36	0.60%	13.18%	0.033780717

     

11. The following Regular Rates will apply for Cardholders and Cash Availment transactions not qualified under the Promo:

    Tenor (months)	Add-on Rate per Month	Effective Interest Rate per Annum	Factor Rate
    6	1.30%	26.27%	0.179667192
    12	1.25%	26.63%	0.095836960
    18	1.25%	26.76%	0.068058532
    24	1.25%	26.58%	0.054167533
    36	1.25%	25.98%	0.040279967

     

12. All BDO Installment Card and Cash Availment applications submitted are subject to the final credit approval of BDO. Once approved, the Terms and Conditions Governing the Issuance and Use of BDO Installment Card, the Cash Availment Terms and Conditions and the prevailing fees and charges shall apply.

13. Promo is not valid in conjunction with other promotions, unless otherwise stated.

14. The decisions of BDO on all matters relating to the Promo shall be final and binding on all Cardholders.
     

Sample Cash Availment Computation:
Cash Amount: P100,000
Installment Term: 12 months

Formula:    Cash Amount    x    Factor Rate       =     Monthly Amortization
                    P100,000            x    0.089336043    =     P8,933.61

Per DTI Fair Trade Permit No. FTEB 06396, Series of 2020.