BPI Free+ Card: fees, interest and requirements
The BPI Free+ Card has no annual fee and charges 2.5% a month on unpaid balances.
Verdict: Skip it if you are not in the group the bank issues it to or if you spend a lot abroad (3% foreign fee).
From BPI credit card fees and charges, dated July 2026. Interest cap, in force since 2023: BSP Circular No. 1165, s.2023.
₱20,000 repaid in 3 equal monthly payments, plus a year of fees: ₱1,008. Not ranked, because not everyone can apply for it.
BSP supervised: Bank of the Philippine Islands, universal and commercial bank, BSP institution ID 29, is on the BSP Verifier list dated Sep 28, 2026.
What the BPI Free+ Card gives you
- Earn 15% cashback on interest when you pay the Minimum Amount Due (MAD) on time. BPI card page
Who should get the BPI Free+ Card
| If | Then |
|---|---|
| You do not keep a deposit account with BPI | You cannot apply for it. Cards anyone can apply for are on the no annual fee list and the full comparison. |
| You expect to carry a balance | Its 2.5% a month is below the 3% ceiling most cards charge, which makes it one of the cheaper cards to carry a balance on. |
BPI Free+ Card downsides, and what a late payment costs
- BPI offers this card only to select BPI depositors.
- Foreign currency purchases cost 3% extra.
If you pay late: BPI charges up to ₱850, and 2.5% a month interest runs on what is unpaid. Safe action: pay at least the minimum due by the due date, or the full balance to pay no interest.
BPI Free+ Card annual fee, interest and charges
| Charge | BPI Free+ Card | When, and the rule |
|---|---|---|
| Annual fee | No annual fee | BPI fee table, July 2026 |
| Interest | 2.5% a month | 0.5% a month under the BSP ceiling (Circ. 1165). same table |
| Cash advance | Not offered | Cash advances are not yet available for BPI Omni and BPI Free+ cards. same table |
| Late payment | ₱850 | same table |
| Foreign transactions | 3% | same table |
Figures from BPI credit card fees and charges (dated July 2026). BSP ceilings: BSP Circular No. 1165, s.2023. How BPI words its late-fee, foreign-fee and minimum-due rules, the same on all its cards: BPI billing rules.
Requirements and how to apply
Who can get it: BPI offers this card only to select BPI depositors. bank page
BPI's hotline and branch channels for existing clients are on the BPI contact page.
Interest on your own balance
- Interest you pay at 2.5% a month:
- ₱1,008
- Monthly payment:
- ₱7,003
- Total you pay:
- ₱21,008
- Interest at the 36% cap:
- ₱1,212
- You save against the cap:
- ₱204