BPI Platinum Rewards Card: fees, interest and requirements
The BPI Platinum Rewards Card has an annual fee of ₱4,000 a year, waived in the first year and charges 3% a month on unpaid balances.
Verdict: Worth it if you fly often enough that its miles or lounge access are worth more than ₱4,000 a year to you. The first year is free.
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 at 3% a month costs ₱1,212 in interest; add the ₱4,000 annual fee and a year comes to ₱5,212, 89th lowest of 127 cards open to the public (tied with 6).
BPI's closest card is the BPI Rewards Card. Against it, this card costs ₱4,000 a year instead of ₱1,550, earns rewards on different terms and has different perks.
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 Platinum Rewards Card gives you
- Earn two (2) BPI Rewards Points for every Php 30 local spend or for every Php20 foreign currency spend at merchants outside the Philippines, whether in-store and online. BPI card page
- Having the widest choice of airlines, redeem your points for miles at our various airline partners. same page
- Enjoy convenient travels and access airport lounges worldwide with a complimentary Priority Pass same page
- Be insured for free whenever you travel for up to Php 10 million when you book your flights using your card. same page
- 0% installment on airline tickets same page
Who should get the BPI Platinum Rewards Card
| If | Then |
|---|---|
| You pay in full every month and want a travel and miles card | The Maya Black Credit Card (Maya) needs ₱180,000 a year in income and costs ₱4,000 a year less as long as you use it monthly. Pick the BPI Platinum Rewards Card only if its rewards are worth more than that to you. |
BPI Platinum Rewards Card downsides, and what a late payment costs
- The ₱4,000 fee is charged every year after the waiver ends.
If you pay late: BPI charges up to ₱850, and 3% 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 Platinum Rewards Card annual fee, interest and charges
| Charge | BPI Platinum Rewards Card | When, and the rule |
|---|---|---|
| Annual fee | ₱4,000 a year Supplementary: ₱2,000 a year | Waived in the first year. First supplementary card free for life. BPI fee table, July 2026 |
| Interest | 3% a month | At the BSP ceiling of 3% a month (Circ. 1165). same table |
| Cash advance | ₱200 a withdrawal plus 3% a month interest | The BSP maximum (Circ. 1165). same table |
| Late payment | ₱850 | same table |
| Foreign transactions | 1.85% | 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
Apply with the button below. Channels, documents, status and hotline: BPI contact and requirements.
Interest on your own balance
- Interest you pay at 3% a month:
- ₱1,212
- Monthly payment:
- ₱7,071
- Total you pay:
- ₱21,212
Against similar cards from other banks
| Card | Annual fee | Interest a month | ₱20,000 over 3 months, plus fees | Minimum income |
|---|---|---|---|---|
| BPI Platinum Rewards Card BPI | ₱4,000 a year first year free | 3% | ₱5,212 | - |
| Security Bank Platinum Mastercard Security Bank | ₱4,000 a year first year free | 3% | ₱5,212 | ₱780,000 a year |
| BDO Visa Platinum BDO | ₱4,500 a year waived above a spend | 3% | ₱5,712 | ₱924,000 a year |
| BDO JCB Platinum BDO | ₱4,500 a year waived above a spend | 3% | ₱5,712 | ₱924,000 a year |