BPI Installment Madness

INSTALLMENT MADNESS TERMS AND CONDITIONS

Installment Madness is available in all participating S.I.P. stores nationwide from May 15 to July 15, 2014.
Installment Madness is exclusively available to all existing BPI Credit cardholders in good credit standing.
BPI Credit Card offer Real 0% interest and reduced rates on select items and terms for a minimum purchase of P3,000 (Minimum purchase requirement and installment terms may vary per merchant).
To avail of the products and services, cardholder must personally present his BPI Credit Card to the participating merchant and sign the BPI chargeslip when the transaction is approved.
If a cardholder decides to pre-terminate his Special Installment Plan (S.I.P.) transaction prior to the first billing, BPI Credit Card shall charge a pre-termination fee of Php550 plus an additional 2% interst on the principal amount. If pre-termination is done after the first billing, monthly payment shall first be applied to interest then to the principal using the diminishing balance method plus a pre-termination fee of Php550.
The terms and conditions governing the issuance of the BPI Credit Card and the reminders and other provisions contained in the card carrier, statement of account, charge slips and other documents or instruments, which are made an integral part hereof by reference, shall likewise be resorted to in instances where they are applicable.

BUY NOW, PAY LATER PROMO MECHANICS

The Buy Now, Pay Later (BNPL) facility is offered in the participating merchants nationwide from May 15 to July 15, 2014.
The posting of a Buy Now, Pay Later (BNPL) transaction’s first amortization will start 60 days from the date of purchase. The suceeding amortization shall be billed every month thereafter, until the full transaction amount is paid in full.
BNPL is only available on S.I.P. transactions (Straight charge transactions are not qualified).
The cardholder should advise cashier/store personnel if he will avail of Regular 0% installment otherwise, the BNPL scheme will be applied.
The approved installment transaction is automatically deducted from the cardholder’s total regular/ bonus madness limit.

Per DTI-NCR Permit No. 4304, Series of 2014