Advisory on Minimum Amount Due

To help you manage your Card payments, effective December 1, 2020, the required Minimum Amount Due will be lowered from 5% to 3% of the Total Amount Due.

Please refer to computation below:

Minimum Amount Due = (Total Statement Balance - Amount Past Due – Current Late Charge) * 3% + (Amount Past Due + Current Late Charge + Current Over Limit Amount) OR Php500 whichever is higher. 

In addition, effective January 1, 2021, the Minimum Amount Due will exclude Transactions Posted on the Current Statement and will be rounded down to the nearest multiple, as follows:

Minimum Amount Due = (Total Statement Balance – Transactions Posted on the Current Statement - Amount Past Due – Current Late Charge) * 3% + (Amount Past Due + Current Late Charge + Current Over Limit Amount) OR Php500 whichever is higher. 

  • - For Minimum Amount Due between Php500 – Php1,000, the Minimum Amount Due will be rounded down to the nearest multiple of Php100.
  • - For Minimum Amount Due between Php1,000 – Php3,000, the Minimum Amount Due will be rounded down to the nearest multiple of Php500. 
  • - For Minimum Amount Due above Php3,000, the Minimum Amount Due will be rounded down to the nearest multiple of Php1,000.

We highly encourage you to pay more than the Minimum Amount Due for the billing cycle/ billing period, since payment of only the Minimum Amount Due or any amount less than the Total Amount Due would mean imposition of interest and other charges and a longer time to repay the balance.