BPI Rewards Card and Gold Rewards Card: fees, interest and requirements
The BPI Rewards Card has an annual fee of ₱1,550 a year, waived in the first year and charges 3% a month on unpaid balances. The BPI Gold Rewards Card costs ₱2,250 a year; the table below sets the two side by side.
Verdict: Worth it if you fly often enough that its miles or lounge access are worth more than ₱1,550 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 ₱1,550 annual fee and a year comes to ₱2,762, 32nd lowest of 127 cards open to the public (tied with 1).
BPI's closest card is the Petron BPI Card. Against it, this card 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.
BPI Rewards Card and Gold Rewards Card: what differs
| Item | BPI Rewards Card | BPI Gold Rewards Card |
|---|---|---|
| Annual fee | ₱1,550 a year. Waived in the first year. First supplementary card free for life | ₱2,250 a year. Waived in the first year. First supplementary card free for life |
| Supplementary card | ₱775 a year | ₱1,125 a year |
| Only on this card |
|
|
Fees from the BPI credit card fees and charges, effective July 2026; perks from the card pages: BPI Rewards Card, BPI Gold Rewards Card.
What both cards give you
- Every Php 35 spend earns you 1 BPI Rewards Point. BPI card page
- You can redeem your accumulated, non-expiring points for shopping credits, shopping eGCs, dining eGCs or miles, and more. same page
Who should get the BPI 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 ₱1,550 a year less as long as you use it monthly. Pick the BPI Rewards Card only if its rewards are worth more than that to you. |
BPI Rewards Card downsides, and what a late payment costs
- The ₱1,550 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 Rewards Card annual fee, interest and charges
| Charge | BPI Rewards Card | When, and the rule |
|---|---|---|
| Annual fee | ₱1,550 a year Supplementary: ₱775 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 Rewards Card BPI | ₱1,550 a year first year free | 3% | ₱2,762 | - |
| PNB Essentials Mastercard PNB | ₱1,200 a year first year free | 3% | ₱2,412 | ₱120,000 a year |
| UnionBank Gold Visa UnionBank | ₱2,500 a year | 3% | ₱3,712 | ₱360,000 a year |
| EastWest JCB Gold EastWest | ₱2,500 a year first year free | 3% | ₱3,712 | ₱480,000 a year |