TERMS AND CONDITIONS GOVERNING THE ISSUANCE AND USE OF BPI CREDIT CARDS

1. THE BPI EXPRESS CREDIT CARD/BPI CREDIT CARD (“CARD”) – The CARD is the sole property of the
Bank of the Philippine Islands (BPI). It is issued for the personal use of the Cardholder and is non-
transferable. The privileges of the CARD may be terminated by BPI at any time and for whatever reason
or cause without need of prior notice to Cardholder. The Cardholder agrees to perforate his/her CARD
upon termination of the CARD. Continued use of the CARD after receipt of the written notice of
termination shall be deemed fraudulent and will subject the Cardholder to appropriate legal
proceedings. Delivery of the said written notice at the Cardholder’s latest reported mailing address shall
be considered sufficient receipt of the notice of termination. The issuance of the CARD shall not create
any other obligations on the part of BPI other
than those expressly stated herein.
The term "Cardholder" shall refer to the person to whom or for whose use a CARD is issued by BPI. It
shall likewise include the person to whom a Supplementary Card is issued upon the application of the
Cardholder (the “Supplementary”).

2. RESPONSIBILITY OF THE CARDHOLDER – The Cardholder, Supplementary, and surety(ies) shall be

jointly and severally liable for all purchases and cash advances made through the use of the CARD,
including all interests, penalties, fees, and all other charges without the necessity of proof of signed
charge slips. If the Cardholder avails of the cash advance feature at any BPI Automated Teller Machine
(ATM) and/or authorized network, he/she agrees to accept and pay for all cash advances including the
corresponding interests, penalties, fees, and other charges without the necessity of proof or ATM
withdrawal/transaction record. Subject to the provisions of Section 5 (Loss of the Card), 7 (Statement of
Account)* and 10 (Customer Service)** hereof, BPI shall not be liable for any fraudulent or unauthorized
use of the CARD including that which is caused or occasioned by receipt of the CARD by the Cardholder's
authorized representative or an adult receiving the CARD at the place of residence of the Cardholder.
The Cardholder agrees that all purchases and cash advances made using the CARD are conclusively
presumed to have been personally made or authorized by the Cardholder.

3. EXPIRY, RENEWAL AND REINSTATEMENT OF THE CARD – Unless earlier terminated by BPI, or
voluntarily cancelled by the Cardholder, the CARD shall be valid from date of issuance or renewal and
expires on the last day of the month indicated on the face of the CARD. Renewal of the CARD shall be at
the option of BPI. BPI shall likewise have the option of reinstating Cardholder’s privileges which have
been terminated for any reason whatsoever upon payment of an additional processing fee equivalent to
the annual fee.

4. ACCREDITED ESTABLISHMENTS – BPI has contracted with establishments to honor the CARD for
purchases of food, goods, merchandise, and services. Likewise, BPI has entered into an agreement with
Mastercard/Visa where the CARD issued bearing the Mastercard/Visa label shall be honored at all
Mastercard/Visa accredited establishments worldwide. Notwithstanding the preceding, however, BPI
shall not be responsible/liable to the Cardholder, if, for any reason, the CARD is not honored by the
accredited
establishments or Mastercard/Visa. Cardholder should always carry an alternative payment method and
not solely rely on the CARD to process payment of goods and/or services.
Cardholder's liability to BPI is absolute. The existence of any claim or dispute between Cardholder and
any accredited establishment shall not affect Cardholder’s obligation to pay the purchases, availments,
and cash advances together with all interests, penalties, fees, and other charges incurred thereon, if
any, arising from the Cardholder’s use of the CARD (the “Total Outstanding Balance” or “TOB”). In cases
of return of goods, tickets, and services obtained through the use of the CARD where the merchant
permits such return, the Cardholder agrees that (i) the refund shall not be in cash; and (ii) BPI shall credit
the Cardholder’s account for the refund.
5. LOSS OF THE CARD – It is the responsibility of the Cardholder to safeguard the CARD at all times
against loss, theft, fraudulent or unauthorized use. In case of loss or theft of the CARD, Cardholder
agrees to promptly report such fact to BPI by calling 889-10000 ( all areas with “02” area code), 1-800-
188-89100 (domestic toll free for PLDT) and 63+2+889-10000 (mobile phone and international calls) or
its toll free numbers in selected countries listed at www.bpi.com.ph (the “BPI Phonebanking”), giving
details of the place, date, time, and circumstances of the incident and the last purchase(s) made prior to
the loss or theft of the CARD. Any availment/transaction made or incurred prior to reporting to BPI of
such loss or theft of the CARD shall be for the sole account of the Cardholder. Prior to receipt of such
report by BPI Phonebanking, Cardholder expressly agrees to be held liable for all purchases, cash
advances, and charges made or incurred from the use of the lost or stolen CARD even if said
transactions were incurred without the knowledge or authority of the Cardholder. BPI and its merchant
partners shall be rendered free and harmless from any and all liabilities, claims, damages, and costs
arising from the fraudulent or unauthorized use of the CARD. A reasonable fee shall be charged by BPI
for replacement of the lost or stolen CARD.

6. CREDIT LIMIT – Upon acceptance of Cardholder’s application, BPI, at its sole discretion, shall grant a
credit limit to the Cardholder expressed in local currency (Philippine Pesos) which is the maximum
amount available for use. The total credit limit, which can be used for regular purchases and Special
Installment Plan (S.I.P.), represents the maximum outstanding balance that a Cardholder and
Supplementary are allowed to share at any given time subject to the security requirements and credit
card management requisites which may be reasonably imposed by BPI from time to time (the “Credit
Limit”). Except in case of temporary increase in limit granted on promotional basis, in no event shall the
Cardholder and Supplementary exceed the Credit Limit. In case the Credit Limit shall be exceeded, BPI
reserves the right, at its sole and absolute discretion, to allow or decline any further transactions or to
suspend and/or terminate the credit card privileges of the Cardholder and Supplementary, without prior
notice. In any such events, the Cardholder agrees to pay in full the TOB, which shall immediately become
due and payable, without the necessity of notice and demand, all of which are waived by the Cardholder
and Supplementary. The Credit Limit shall be made available to the Cardholder and Supplementary on
the next business day following payment.
BPI may, at its sole option and at any time, change the Credit Limit of the Cardholder to an amount
which it deems appropriate based on its credit assessment, guidelines, policies, and procedures, as the
same may be amended from time to time. The Cardholder shall be duly notified of such changes to the
Credit Limit.

7. STATEMENT OF ACCOUNT – The Cardholder shall be issued a Statement of Account (SOA) every
month containing a summary of all his/her credit card transactions, fees, and charges. At BPI’s option,
the SOA may be sent via mail or courier, posting on BPI Online Banking, email to Cardholder’s registered
email address or such other means of delivery which BPI considers appropriate and effective.
a) Paper Statement of Account – The SOA shall be delivered to the Cardholder via mail to his/her
registered billing address.
b) Electronic Statement of Account (eSOA) - In lieu of receiving a printed copy of the SOA via mail or
courier, Cardholder may choose to enroll his/her CARD account in BPI Online Banking and view the SOAs
electronically through this facility (the "eSOA”). It is understood and agreed that when the eSOA is made
available for viewing, it shall be conclusively deemed received by the Cardholder.
c) Emailed Statement of Account (eStatement) – BPI may also send the SOA via email which will be sent
electronically to Cardholder’s email address registered with BPI (the “eStatement”). The Cardholder may
also choose to enroll to the eStatement (if available). It is understood and agreed that when the
eStatement is sent to the Cardholder, it shall be conclusively deemed received by the Cardholder.
The Cardholder and Supplementary recognize and acknowledge the integrity of the SOA as an electronic
document pursuant to the provisions of the Electronic Commerce Act and agree to pay the amount
thereon on Payment Due Date without need for presentation of the signed charge slips. It is the
Cardholder’s responsibility to update his/her contact information when necessary; otherwise, whatever
registered contact information appearing in the records of BPI will remain valid and binding on the
Cardholder. Notwithstanding the absence or lack of proof of service of the SOA upon the Cardholder, or
failure by the Cardholder to view the SOA after statement cut-off date, the latter agrees to pay any and
all statement balances on or before the Payment Due Date. In case the Cardholder does not receive the
SOA, it is the Cardholder’s responsibility to
inform BPI of the non-receipt of the SOA and to inquire about the amount due arising from the use of
the CARD and the Payment Due Date, by calling BPI Phonebanking.

8. FEES AND CHARGES

a. MEMBERSHIP FEES – The Cardholder shall pay to BPI a membership fee, payable either monthly,
annually or otherwise depending on the CARD type, in such amounts as may be fixed by BPI, to entitle
him/her to the privileges of membership and the use of the CARD. Upon suspension or cancellation of
the CARD privileges, all fees paid become non-reimbursable.
b. FINANCE CHARGES – Finance charge on regular purchases, fees, interest charges, monthly installment
amortization and cash advances is based on the aggregated total of the daily interest for of the
statement period. The daily interest is computed by multiplying the unpaid balance for each day with
the daily interest rate (monthly interest multiplied by 12 months and divided by 360 days).
The finance charge computation shall start from posting date until payment date for BPI Credit Card
Cash Advance transactions and cash advance fee, and the day after the Statement of Account (SOA) date
for retail purchases, unpaid finance charges and other fees, and monthly installment amortizations.
c. SPECIAL INSTALLMENT PLAN (S.I.P.) – Interest charges on Special Installment Plan (S.I.P.) is computed
by multiplying the total amount availed by the applicable interest rate, depending on the term. Monthly
payment shall first be applied to interest then to the principal using the diminishing balance method.
Unpaid monthly installment amortization shall be subject to finance charge. S.I.P. Loan transaction shall
be subject to applicable fees for every availment.
d. PAYMENT OF CHARGES – Cardholder agrees to pay the TOB or at least the Minimum Amount Due as
stated in the SOA on or before the last day for payment indicated in the said SOA (the "Payment Due
Date"). If the Payment Due Date falls on a Saturday, Sunday or a regular national holiday, the Payment
Due Date shall be moved to the next business day. The Payment Due Date may be changed (i) to an
earlier date if the Cardholder's account is considered overdue and/or with balances in excess of the
Credit Limit, or (ii) to such other date as may be deemed proper by BPI with notice to the Cardholder on
the same monthly SOA. Paying less than the TOB will increase the amount of interest the Cardholder
pays and the time it takes to repay the balance. Failure to pay the TOB on or before the Payment Due
Date shall result in imposition of finance charges, additional interest, and penalty fees based on the
amount due for every month of delay, a fraction of a month being considered as one month, on each
Card Type issued to the Cardholder. For cash advances, applicable finance charges shall apply based on
Section 8.b. Failure to pay at least the Minimum Amount Due on or before the Payment Due Date shall
result to the imposition of penalty fees based on the amount due for every month of delay, a fraction of
a month being considered as one month. All fees and charges shall apply to each Card type issued to the
Cardholder. Any CARD with TOB or outstanding amounts due that are unpaid after thirty (30) calendar
days from statement date shall automatically be suspended, and those with accounts unpaid after
ninety (90) calendar days from statement date shall automatically be cancelled, without prejudice to
BPI’s right to suspend or cancel the CARD any time and for whatever reason. Any overpayment by
Cardholder shall not earn interest and shall be applied to payment of the succeeding TOB or Minimum
Amount Due. In case of terminated or cancelled CARD accounts and an overpayment is unclaimed for
more than one (1) month from the date of termination or cancellation, a monthly Account Maintenance
Fee as stated in the Table of Rates and Fees, shall be charged on the account until the CARD balance is
zeroed out.
The rate of interest and/or penalty rate stipulated may be increased, decreased or otherwise changed
from time to time by BPI in the event of, among others, changes (for whatever reason) in the interest
rates prescribed by the Bangko Sentral ng Pilipinas (BSP) or in the international capital markets, in the
rediscount rate of member banks with the BSP, in the interest rates on savings or time deposits or on
bank’s borrowings, or in the market rates; or any law, circular, rule or regulation is enacted/issued, or
any circumstance has occurred, which has the effect of increasing or decreasing BPI’s costs of funds,
operating costs or intermediation costs, such as but not limited to reserve requirements, taxes, salaries
or charges. The Cardholder further authorizes BPI to increase or charge additional service fees as it may
deem necessary or advisable under the circumstances to maintain the service to the Cardholder. The
upward or downward adjustment of the interest, penalty rate, and/or service fees shall be binding on
the Cardholder on the date/s of effectivity as indicated in the notice from BPI.

OTHER CHARGES
Failure of the Cardholder to pay the TOB or at least the Minimum Amount Due on the relevant Payment
Due Date stated in the SOA, or failure of the Cardholder to pay any other obligations (including interests,
charges, taxes, such as but not limited to Value Added Tax (VAT) and other disbursements allowed by
law) which the Cardholder may now or hereafter owe to BPI or to any member of the BPI Group of
Companies, whether singly or jointly with another, or as principal or as surety/guarantor, shall render
Cardholder in default under these Terms and Conditions, without necessity of demand from BPI which
the Cardholder expressly waives. In case of default in his/her obligation as provided herein, the
Cardholder agrees to perforate his/her CARD and to pay, in addition to the interest and penalty charges
aforementioned, the following additional charges, without prejudice, however, to BPI’s other rights and
remedies: (a) attorney’s fees of twenty five percent (25%) of the amount due if the account is referred
to a
lawyer or to a collection agency, (b) a service fee for every dishonored check issued by the Cardholder in
payment of his/her account, (c) liquidated damages equivalent to twenty five percent (25%) of the
unpaid amount, plus litigation expenses and judicial costs, if the payment of the account is enforced
through court action, and (d) costs for demanding payment or advising cancellation of membership.
e. CASH ADVANCE FEE – Each Cash Advance is subject to a cash advance fee per transaction/availment.
It can be availed at any BPI branch or BPI ATMs nationwide and through the Cirrus (for Mastercard credit
cards) and Visa/Plus (for Visa credit cards) networks worldwide. Cash Advance shall be earmarked
against the Cardholder’s Credit Limit and is not an additional line of credit. To avail of Cash Advance via
ATM, the Cardholder and/or Supplementary must have a Cash Advance PIN (CAPIN). A CAPIN may be
provided to each of the Cardholder and/or Supplementary which upon receipt, must immediately be
changed by the Cardholder and/or Supplementary. If the Cardholder and/or Supplementary is not
provided with a CAPIN, the Cardholder and/or Supplementary may visit selected BPI branches or call BPI
Phonebanking, to request for his/her CAPIN. The Cardholder and/or Supplementary must not disclose
his/her CAPIN to any person or compromise its confidentiality under any circumstance.

f. ISSUER’S SERVICE FEE ON FOREIGN CURRENCY TRANSACTIONS – All charges including those incurred
abroad through the use of the CARD shall be billed and be payable in Philippine currency, subject to a
foreign conversion fee on top of Mastercard/Visa’s foreign exchange rate on the date the transaction is
posted.

g. EXPRESS START CANCELLATION FEE – Cancellation fees shall apply on accounts acquired through the
Express Start route – that is, cards under deposit hold out. A non-waivable cancellation fee shall apply if
the Cardholder cancels all his/her BPI Credit Card(s), except if cancellation is due to non-delivery of such
BPI Credit Card(s), before the first anniversary date of the first-issued BPI Credit Card.
h. OTHER FEES – Charge slip retrieval fee, card replacement fees, check protect fee, Special Installment
Plan (S.I.P.) pre-termination fees, statement of account copy, and other fees are charged to the
Cardholder’s account, when applicable. All fees shall be charged per CARD per occurrence or request,
unless otherwise stated.
i. TABLE OF RATES AND FEES – For the complete and updated list of the applicable rates and fees, please
see the Table of Rates and Fees at www.bpicards.com or www.bpi.com.ph. BPI reserves the right to
change the fees from time to time.
j. MINIMUM AMOUNT DUE – The Minimum Amount Due (MAD) is equivalent to 3.57% of the TOB or
P850, whichever is higher; provided, however, that if the TOB is less than P850, the MAD is the
TOB. Any amount past due, amounts over credit limit and billed monthly installment amortizations form
part of the Minimum Amount Due and should be paid in full when billed for each Card type.
Cardholder is required to pay at least the Minimum Amount Due on or before Payment Due Date.
Failure to pay at least the Minimum Amount Due shall result in imposition of finance charges, additional
interest, and penalty fees.

9. APPLICATION OF CARD PAYMENT – Any CARD payment shall be applied in the following order (as
applicable):
a. Monthly Installment Amortization (subject to Section 8.c)
b. Late Payment Charges
c. Finance Charges
d. Membership Fee
e. Cash Advance Fee
f. Service Fee
g. Cash Advance unpaid from previous month
h. Retail balance unpaid from previous month
i. Cash Advance billed for the month
j. Retail balance billed for the month, and
k. Such other amount as may be due or payable to BPI.
If Cardholder is issued two or more CARDS and the payment is not sufficient to cover the Total
Outstanding Balance due on all the CARDS, the Cardholder authorizes BPI, at its sole discretion and
without need of prior notice, to choose which CARD to apply the payment (or overpayment) received in
the order mentioned above.

10. CUSTOMER SERVICE – For any concerns, Cardholder may call BPI Phonebanking at 889-10000 (all
areas with “02” area code), 1-800-188-89100 (domestic toll-free for PLDT), 63+2+889-10000 (mobile
phone and international calls) or BPI’s International Toll-Free Numbers (refer to Contact Us in
www.bpi.com.ph for details), e-mail help@bpi.com.ph or visit any BPI branch. BPI will provide timely
feedback after it records and investigates such issue, concern, and clarification raised. Cardholder agrees
to fully cooperate in any investigation to be conducted in relation to his/her complaint by providing BPI
the required information and documents. Should the Cardholder need further assistance, he/she may
choose to approach any officer of the branch concerned or send an email to help@bpi.com.ph. BPI is
regulated by the Bangko Sentral ng Pilipinas (BSP) with email address at consumeraffairs@bsp.gov.ph.
Except as otherwise provided under Section 5 (Loss of the Card), the Cardholder must notify BPI
immediately for any issue, complaint or billing error. If no SOA error is reported within thirty (30)
calendar days from the statement date indicated in the SOA, the SOA shall be considered correct and
binding upon the Cardholder and Supplementary.
In the event the Cardholder no longer wants to participate in any product, business or customer
offerings of BPI and/or any of its Affiliates, or in any Marketing Initiative, as provided under this
Agreement, he/she must inform BPI by calling BPI Phonebanking clearly stating said intention. Should
Cardholder wish to renew his/her participation in any such product, business and customer offerings or
Marketing Initiative, he/she may call BPI Phonebanking indicating his/her agreement to participate in
BPI's and its Affiliates' product, business and customer offerings and Marketing Initiative.

11. DEPOSIT/PLACEMENT ACCOUNT – Unless otherwise agreed, the Cardholder agrees to maintain a
current or savings deposit/placement account(s) with BPI or BFSB or any of their subsidiaries or affiliates
(collectively, the “Bank”). Should the Cardholder fail to pay his/her TOB or any amount due and payable
under the CARD on the Payment Due Date, the amount thereof shall be debited from his/her
deposit/placement account(s), without the necessity of a notice from BPI, or such amount as may be
sufficient to be applied as payment of his/her TOB or any amount due, upon presentation of his/her SOA
to said Bank by BPI. For this purpose, Cardholder hereby grants BPI full power and authority to debit or
cause the Bank to debit, without notice, from Cardholder’s deposit account(s) such amount as may be
sufficient to pay his/her TOB or any amount due and payable. BPI and the Bank, their directors, officers,
employees, and representatives shall not be held accountable for any liability, charge, cost, and expense
arising from any resulting returned/dishonored check drawn against Cardholder’s
deposit/placement/account with the Bank or for any penalty and fee that may be imposed as a
consequence of the foregoing. Should his/her TOB or any amount due under the CARD exceed the
amount debited from Cardholder’s deposit/account with the Bank, such excess shall immediately
become due and payable and the Cardholder shall be considered in default of his/her obligations to pay
the same.

12. RIGHT OF SET OFF – Effective upon his/her failure to pay his/her obligation arising from the use of
the CARD, the Cardholder and/or Supplementary do hereby assign and transfer to BPI, without need of
demand, and by these presents have assigned and transferred to BPI, any money, security, property
(real or personal) and thing of value which are now or may hereafter be in the possession, custody or
control of BPI or any member of the BPI Group of Companies, on deposit or collateral or otherwise to
the credit of and belonging to the Cardholder and/or Supplementary (the “Assigned Properties”). For
this purpose, the Cardholder and/or Supplementary do hereby consent, authorize, appoint, and
irrevocably constitute, and by these presents have appointed and constituted, BPI as its ATTORNEY-IN-
FACT with full power and authority (a) to inquire about, or to assert its lien or legal claim on, any of such
Assigned Properties, and/or (b) to sell at public or private sale any of such Assigned Properties and to
apply the proceeds thereof, in whole or in part, to such obligations. In the absence of such monies,
securities, properties (real or personal) or things of value, or if the Cardholder’s TOB exceeds the
proceeds of the sale, the Cardholder and/or Supplementary hereby agree to assign and deliver any
deposit or fund the Cardholder and/or Supplementary may have with any other banks or financial
institutions to the extent of said Cardholder’s and/or Supplementary’s obligations to BPI. For this
purpose, the Cardholder and/or Supplementary do hereby consent and authorize said bank or financial
institution to disclose to BPI or its duly authorized representative any information relative to any
deposit/placement the Cardholder and/or Supplementary may have with any such banks or financial
institutions.

13. SUPPLEMENTARY CARDS – The Cardholder may apply for supplementary CARD(s) (the
“Supplementary Card”) which BPI may approve on a case to case basis. The use of the CARD, as well as
the Supplementary CARD(s), shall be governed by these Terms and Conditions and secured by the
Suretyship undertaking hereto. Any reference in these Terms and Conditions to the CARD issued to
Cardholder shall also apply to Supplementary CARD(s) and/or any renewal thereof. Should
Supplementary CARD(s) be issued to a Supplementary, the Cardholder shall be responsible for all the
TOB, if any, made or incurred through the CARD and the Supplementary CARD(s). In the event, the
Supplementary is the Cardholder’s spouse and there is separation of the spouses, legal or otherwise, the
Cardholder shall continue to be responsible for all such amounts incurred through the use of the
Supplementary CARD(s) unless Cardholder requests in writing that the privileges of such Supplementary
be terminated and all the TOB incurred shall have been fully paid and satisfied at the time of said
request. In case of death of the Cardholder, the Supplementary shall be jointly and severally liable to
settle the TOB incurred.

14. DELINQUENCY – The Cardholder is liable for all charges, fees, and other obligations incurred through
the use of the CARD and all Supplementary CARD(s) and in the event of any delinquency, the Cardholder
authorizes BPI to report and/or include the names of the Cardholder, as well as the Supplementary, in
negative listings of any credit information bureau or institution.
15. SOLIDARY LIABILITY – The Cardholder’s spouse: (i) who is a Supplementary, shall automatically
become a surety and shall be jointly and severally liable with the Cardholder for all obligations and
charges incurred through the CARD and the Supplementary Card(s) including any renewal thereof; and,
(ii) in all other cases, shall be jointly and severally liable for all obligations and charges incurred herein
including (but not limited to) all availments, advances, and charges using the CARD and the
Supplementary CARD(s) and any renewal thereof.
16. SURETY – Without prejudice to Sections 13 (Supplementary Cards) and 15 (Solidary Liability) and at
BPI’s request, the Cardholder agrees to furnish such other or additional surety(ies) acceptable to BPI
who shall be jointly and severally liable with the Cardholder and/or the Supplementary to pay BPI all the
obligations and charges incurred through the CARD and the Supplementary CARD(s) including any
renewal thereof. In the event the surety(ies) furnished by the Cardholder is (are) discharged, if required
by BPI, the Cardholder must furnish new surety(ies) acceptable to BPI within thirty (30) calendar days
from discharge. Failure to do so shall constitute prima facie evidence of intent to defraud on the part of
Cardholder and the Cardholder’s privileges shall be automatically terminated without notice. It is agreed
that the surety(ies) can be discharged by BPI only when all TOB have been fully paid.

17. TERMINATION BY BPI – Without limiting the generality of Section 1 (The BPI Express Credit Card/BPI
Credit Card), in the event (i) Cardholder fails to comply with any of the Terms and Conditions governing
the use of the CARD as determined by BPI, or (ii) Cardholder fails to observe any of the terms or
conditions of any document or agreement which the Cardholder executed in connection with any loan
and/or credit facility granted, or any product or service extended by, BPI or any member of the BPI
Group of Companies, or (iii) the Credit Limit shall be exceeded, or (iv) the Cardholder fails to renew the
CARD for any reason or the CARD is not renewed by BPI, or (v) in case of closure by BPI or any member
of the BPI Group of Companies, of Cardholder's deposit account/s in accordance with the terms and
conditions governing said deposit account/s, or (vi) Cardholder dies or is separated from employment,
or (vii) Cardholder becomes bankrupt, insolvent, or undergoes receivership, or his/her property(ies)
is/are levied on execution, garnished or attached, or (viii) Cardholder is convicted for a criminal offense
with final judgment carrying with it the penalty of civil interdiction,
or (ix) any of the cases covered by Article 1198 of the New Civil Code (however evidenced) occur, or (x)
Cardholder is charged with, convicted of or under investigation by competent government authority for
violation of Republic Act 8484 otherwise known as the "Access Devices Regulation Act of 1998", or (xi)
Cardholder defaults in the performance of any obligation, covenant, or condition under any agreement
for borrowed money with any third party by which he/she or any of his/her assets may be bound, the
right to use the CARD as well as Supplementary CARD(s) may forthwith be terminated by BPI with or
without notice and the aggregate unpaid TOB of the Cardholder and Supplementary for which
Cardholder is liable shall immediately become due and demandable, without the necessity of demand,
which Cardholder waives. In case of termination by BPI pursuant to this Section, BPI is entitled to
exercise the appropriate rights and remedies provided under these Terms and Conditions and shall not
in any way be responsible for any liability, claim or demand of whatever kind and nature in connection
with or arising from the termination of the CARD.

18. NOTIFICATION PRIOR TO ENDORSEMENT OF ACCOUNT TO A COLLECTION AGENCY/LAW OFFICE –

Cardholder shall be notified in writing by BPI of the name and contact details of the Collection
Agency/Law Office at least seven (7) days prior to the actual endorsement of the Cardholder's account
to the Collection Agency/Law Office. Written notification shall be sent/delivered to the latest reported
mailing address and/or electronic mail address of the Cardholder as appearing in the records of BPI.

19. CANCELLATION/TERMINATION BY CARDHOLDER – Voluntary cancellation of the CARD must be done

by the Cardholder through phone by calling BPI Phonebanking or in writing duly received by BPI, subject
to the immediate payment or settlement of the TOB. The Cardholder must perforate said CARD(s) to
avoid unauthorized use.

20. UPDATE AND CHANGE OF CONTACT DETAILS AND CARDHOLDER INFORMATION – Cardholder shall
update annually or whenever required by BPI, his/her contact details such as residence, office and/or
mailing address, telephone numbers and/or electronic mail address, civil status, and such other data
previously indicated in the CARD application (the “Contact Details and Cardholder Information”).
Cardholder shall likewise notify BPI immediately, in writing, of any change in Contact Details and
Cardholder Information. The printed SOA and the renewal/replacement CARD shall be sent to the latest
reported mailing address of the Cardholder and delivery of the same shall be effective and conclusively
deemed to be sufficient receipt of said SOA and/or renewal/replacement CARD. The Cardholder agrees
to hold BPI free and harmless from any liability arising from Cardholder's failure to update his/her
contact details or from any communication/correspondence/parcel being viewed and/or accessed by
any person other than the
Cardholder.

21. COMMUNICATION – BPI may send any communication/correspondence through any or all of the
following means: mail or courier, by electronic mail, by facsimile transmission, by short messaging
service (SMS), through any of BPI’s electronic channels including (but not limited to) posting on BPI's
website, or by such other means (electronic or otherwise) which BPI, at its option, considers appropriate
and effective. Any communication/correspondence sent by BPI to the Cardholder shall be deemed to
have been received by the Cardholder himself/herself.
22. LIMITATION OF LIABILITY – The Cardholder agrees to indemnify and hold BPI, its directors, officers,
employees, authorized representatives, agents, service providers, and assigns, free and harmless from
and against any and all liabilities, causes of action or suits of whatever kind and nature, claims, dispute,
losses, damages, costs, fees, and expenses that may arise as a result of or in connection with the use of
the CARD including all availments, purchases, cash advances, and/or transactions made or incurred
using the CARD. In the event of any action which the Cardholder may file against BPI for any cause
whatsoever, Cardholder agrees that BPI's liability, if any, shall not exceed the amount of Pesos: Three
Thousand (P3,000.00) or the damages actually proven to have been suffered by the Cardholder,
whichever is lesser. In no event shall BPI be liable for any special, consequential, exemplary or indirect
damages suffered by the Cardholder including but not limited to lost opportunities or lost profits.
The foregoing provisions shall survive termination, cancellation or suspension of the CARD or right to
use the CARD.

23. AMENDMENTS – BPI may, at any time and for whatever reason it may deem proper, amend, revise
or modify these Terms and Conditions, and any such amendments, revisions, or modifications shall bind
the Cardholder upon notice (personal, by publication or otherwise) or on the date of effectivity as
specified in the notice, whichever is earlier. If the Cardholder objects or is not amenable to any such
amendments, revisions or modifications, the Cardholder agrees to terminate the use of his/her CARD by
sending a written notice thereof to BPI and perforating his/her CARD, within fifteen (15) calendar days
from notice of amendment, without prejudice to his/her payment of any outstanding obligation to BPI.
Failure to notify BPI of Cardholder’s intention to terminate his/her membership shall be construed as
acceptance by the Cardholder of any such
amendments, revisions or modifications to these Terms and Conditions.

24. SEPARABILITY CLAUSE – The enforceability and validity of these Terms and Conditions, in whole or in
part, shall not be affected by the unenforceability or invalidity, whether temporary or permanent, of any
particular provision hereof because of restrictive laws, regulations, or judicial or administrative
determinations obtained
during any period hereof or for any other causes.

25. NON-WAIVER OF RIGHTS – No failure or delay on the part of BPI in exercising any right or power
hereunder shall operate as a waiver thereof nor shall any partial or single exercise of any such rights or
powers preclude any further exercise thereof or the exercise of any other rights or powers hereunder.
No waiver by BPI of any of its rights or powers herein shall be deemed to have been made unless
expressed in writing and signed by its duly authorized representative(s). All remedies afforded BPI under
these Terms and Conditions, by law or otherwise shall be cumulative and not alternative.

26. ASSIGNMENT/TRANSFER OF RIGHTS – All rights and interests of BPI under these Terms and
Conditions may be assigned or transferred by BPI without the consent of the Cardholder, Supplementary
or surety(ies), if any.

27. CONSENT TO PROCESSING AND DISCLOSURE OF INFORMATION – The Cardholder acknowledges and
agrees that updated information relating to him/her and the Supplementary (including personal data),
their respective transactions, business and credit relationships, deposit account(s) or account
information or records, provided by the Cardholder or made available to or in the possession of BPI or
any member of the BPI Group of Companies (collectively, the “Cardholder Information”) may be
collected, obtained, used, stored, consolidated, processed, profiled, benchmarked, disclosed, and
shared to by BPI or any member of the BPI Group of Companies, or by and between BPI and another
member of the BPI Group of Companies, or by and among BPI and other members of the BPI Group of
Companies, for any or all of the following (the
“Purposes”):
(1) To approve, manage, facilitate, administer, implement, and provide the products, services,
transactions, and facilities availed of and/or selected by the Cardholder and/or Supplementary;
(2) To comply (i) with BPI’s and/or the relevant member of the BPI Group of Companies’ operational,
audit, administrative, credit and risk management processes, policies and procedures, (ii) these Terms
and Conditions and the Other Terms and Conditions, (iii) BSP’s rules and regulations, and (iv) legal and
regulatory requirements of government regulators, judicial or supervisory bodies, tax authorities or
courts of competent jurisdiction, as the same may be amended or supplemented from time to time ;
(3) To comply with applicable laws of the Philippines and those of other jurisdictions including the
United States Foreign Account Tax Compliance Act (FATCA), the laws on the prevention of money
laundering and terrorism activities, and the implementation of know your customer and sanction
screening checks;
(4) To develop and enhance the product, business and customer offerings of BPI and/or any member of
the BPI Group of Companies, which may include the conduct of product, system, statistical or business
analysis, surveys, schemes, profiling, benchmarking, planning and research;
(5) To pursue marketing, sales, promotional, advertising, and business initiatives (the “Marketing
Initiatives”), which may include the development, formulation, dissemination, distribution and rollout of
Marketing Initiatives information, materials, documents or brochures, relating to the products, services,
events, promotions, programs, and offers, of BPI or of any member of the BPI Group of Companies or by
third parties with which BPI or any member of the BPI Group of Companies, under a duty of
confidentiality, has contracted with (the “Program Partners”), whether such Marketing Initiative is
undertaken individually by BPI or by any member of the BPI Group of Companies or pursued together
with any member of the BPI Group of Companies or with Program Partners under a joint venture
initiative, servicing agreement,
cross-selling arrangement, loyalty or promo program or any project undertaking on a collective or tie-up
basis;

For purposes of these Terms and Conditions, “BPI Group of Companies” means, collectively, BPI and its
Affiliates and their respective subsidiaries and affiliates, such as, but not limited to, BPI Family Savings
Bank, Inc. (BFSB), BPI Direct Banko, Inc., BPI Capital Corporation, BPI Asset Management and Trust
Corporation, BPI/MS Insurance Corporation, BPI Century Tokyo Lease & Finance Corporation, BPI
Century Tokyo Rental Corporation, and BPI Securities Corporation. "Affiliate" means any corporation,
partnership or other form of association which is directly or indirectly controlled by, or is under common
control with, or controls BPI. The term “control” (including with correlative meanings, the term
“controlling”, “controlled by”, and “common control”) shall mean (i) ownership of at least twenty
percent (20%) of the
total issued and outstanding capital stock in such corporation or association, or (ii) the right to elect at
least twenty percent (20%) of the number of directors in the corporation or association, or (iii) the right
to cause the direction of the management and policies of such corporation, partnership or other form of
association, whether through the ownership of shares, directorship, management, community of
interest or contract or otherwise.
(6) In compliance with regulatory requirements, to verify or validate the Cardholder Information in any
reasonable manner from any and all sources including (but not limited to) the (i) Bureau of Internal
Revenue (BIR) to establish the authenticity of the Cardholder’s income tax return which he or she (may
have) submitted to BPI or any member of the BPI Group of Companies, or (ii) courts, government
agencies or arbitral tribunals on the status of any case or proceeding to which the Cardholder or
Supplementary may be a party;
(7) To carry out, fulfill and complete the transactions authorized by the Cardholder or Supplementary in
connection with BPI’s performance of the services, facilities and channels contemplated under these
Terms and Conditions.
Pursuant to the relevant Purpose(s), BPI may share and disclose Cardholder Information, whether within
or outside the Philippines, under a duty of confidentiality:
(i) to any other member of the BPI Group of Companies;
(ii) to BPI’s directors, officers, employees, professional advisers, legal counsels, auditors, agents,
representatives, service providers, and third parties providing services to BPI on a “need to know” basis;
(iii) to merchants and promotional, network, loyalty program and joint venture partners, and their
respective service providers, in order to carry out, fulfill and/or complete the transactions authorized by
the Cardholder or Supplementary;
(iv) to credit information companies, credit bureaus, the Credit Information Corporation (CIC) (pursuant
to RA No. 9510 and its implementing rules and regulations), financial institutions, banking, and credit
industry associations, credit protection provider or guarantee institutions, brokers, insurers, and
underwriters, in relation to Cardholder’s or Supplementary’s availment of the products, services and
facilities of BPI (collectively, the “Credit Entities”);
(v) to any judicial, governmental, regulatory or supervisory body of the Philippines or those of other
jurisdictions, including exchange of information among tax authorities in compliance with FATCA, as the
same may be amended or supplemented from time to time ;
(vi) to any potential transferee or assignee of BPI’s rights and/or obligations under the relevant contracts
or agreements or in connection with any sale, acquisition, merger or consolidation of any member of the
BPI Group of Companies;
(vii) to representatives, agents or service providers engaged by BPI or by any member of the BPI Group
of Companies to perform (whether within or outside the Philippines ) data processing, collection,
consolidation, storage and such other services in connection with the products, services, and facilities
availed of by the Cardholder or Supplementary (the “Outsourced Service Providers”);
(viii) to representatives, agents or service providers engaged by BPI, or by any member of the BPI Group
of Companies or by Program Partners, in connection with the Marketing Initiatives; and,
(ix) to such other persons or entities that BPI or any member of the BPI Group of Companies or the
Credit Entities, if applicable, or the Outsourced Service Providers may engage or contract with to
facilitate or carry out any or all of the foregoing Purposes.
The foregoing constitutes the express consent and waiver of the Cardholder and the Supplementary
under the applicable bank secrecy, confidentiality and data privacy laws of the Philippines and other
jurisdictions and the Cardholder and the Supplementary agree to hold BPI, each member of the BPI
Group of Companies, and their respective directors, officers, employees, authorized representatives,
agents and service providers free and harmless from any and all liabilities, claims, damages, suits, costs,
and expenses resulting from or in connection with the implementation of the Purposes and authorities
conferred under these Terms and Conditions.
For the avoidance of doubt, to the extent that applicable confidentiality, bank secrecy or other laws
impose non-disclosure requirements on certain relevant information but permits a party to waive such
requirements by written consent, the express consent provided herein shall constitute the Cardholder’s
and the Supplementary’s written consent and waiver for purposes of such applicable laws. Any
agreement between the Cardholder/Supplementary and BPI or any member of the BPI Group of
Companies to maintain confidentiality of information shall continue to be observed to the extent that
such agreement is not otherwise inconsistent with the consent to disclosure of Cardholder Information
authorized under these Terms and Conditions.
28. SUBMISSION OF INCOME DOCUMENTS – Before issuance of the CARD or upon renewal or extension
thereof or whenever required during the CARD’s effectivity, the Cardholder agrees to submit income
documents such as, but not limited to, payslips for at least three (3) months immediately preceding the
date of CARD application, or Employer's Certificate of Compensation Payment/Tax Withheld (BIR Form
2316), or Income Tax Return (ITR) and financial statements (if engaged in business) and other relevant
documents (collectively the "Income Documents"). Further, the Cardholder agrees to provide his/her
TIN upon request of BPI. The Cardholder hereby irrevocably authorizes BPI to conduct random
verification with his/her employer or the BIR to establish authenticity of the Income Documents. For this
purpose, the Cardholder authorizes his/her employer or the BIR to disclose any information relevant to
said verification and to give copies of his/her Income Documents to BPI. Cardholder likewise waives any
right of confidentiality on Cardholder information in such Income Documents.

29. COMPLIANCE – The Cardholder agrees to fully comply and abide by (i) these Terms and Conditions,
(ii) laws, statutes and regulations and BSP Circulars relevant to credit cards and credit accommodations
and (iii) the provisions of Republic Act 8484 governing the use of the credit card and other access
devices in
commercial transactions.

30. AUTHENTICATION – The CARD issued to the Cardholder may have a contactless feature which may
be used by tapping or waving the CARD against an applicable contactless Point-Of-Sale (POS) terminal.
Notwithstanding that some contact and contactless transactions would not require any signature,
Personal Identification Number (PIN), or other authentication on the part of the Cardholder (such as for
transactions not exceeding two thousand Philippine pesos (Php2,000.00) or such other transaction
amount as BPI and Mastercard or Visa may set from time to time), these transactions are still considered
as authorized by the
Cardholder.
The Cardholder acknowledges that BPI may from time to time prescribe verification procedures,
including, where a merchant is 3D Secure-enabled or where warranted, the use of the One-Time
Password (OTP) as additional security feature to authenticate online CARD transactions. For this
purpose, the Cardholder may be required to provide the OTP in accordance with BPI's prescribed
verification procedures before a transaction is completed. The Cardholder shall ensure that his/her
electronic mail address and/or mobile number are updated at all times. He/She further acknowledges
that the OTP is strictly confidential and agrees not to disclose said OTP or his/her Contact Details and
Cardholder Information to any person. In no case shall BPI be liable or responsible for any loss or
damage incurred by the Cardholder resulting from his/her disclosure of
the OTP or any Contact Details and Cardholder Information. The Cardholder agrees to hold BPI free and
harmless from any liability, claim, cost and suit in connection with the administration and
implementation of the OTP authentication process or such other BPI-prescribed verification procedures.

31. GOVERNING LAW AND VENUE OF ACTION – These Terms and Conditions shall be governed by and
construed in accordance with the laws of the Republic of the Philippines. Venue of all suits directly or
indirectly arising from the relationship between the parties herein, shall be in the proper courts of the
City of Makati or in
other courts at the option of BPI.

32. DATA PRIVACY STATEMENT – In the course of providing the services contemplated under these
Terms and Conditions, BPI will be collecting information (including personal information) relating to the
Cardholder. BPI’s Data Privacy Statement explains how BPI collects, protects, uses, shares and stores the
personal information of the Cardholder and is deemed incorporated herein by reference. To learn more
about BPI’s Data Privacy Statement, Cardholder may visit BPI’s website. The Cardholder's continued
access into BPI's network of websites or use of the CARD will constitute acceptance of the BPI Data
Privacy Statement as the same may be revised or updated from time to time. In the event the
Cardholder submits any information about an individual (including personal information) to BPI, the
Cardholder represents and warrants that all necessary
authorization and consent as may be required in compliance with applicable confidentiality and data
privacy laws have been obtained to enable BPI to use and process such information.
33. OTHER TERMS AND CONDITIONS – The reminders and other provisions contained in the CARD, the
SOA, Installment Plan Contract, charge slips, Suretyship Agreements, Card Carrier, other Card
documents, related instruments or documents, such other rules and regulations promulgated by BPI
from time to time relating to the use of the CARD, as well as the Terms and Conditions of the Bank of
the Philippine Islands governing PRODUCTS, SERVICES, FACILITIES, AND CHANNELS (collectively, the
"Other Terms and Conditions"), are made integral parts of these Terms and Conditions by reference and
shall likewise be resorted to in instances where they are applicable. It is agreed that these Terms and
Conditions, as well as the aforementioned Other Terms and Conditions, constitute the agreement
between BPI and the Cardholder and shall govern the use of the CARD and the Supplementary CARD(s)
issued hereunder.
Any alteration, amendment, exception, reservation or scribbling herein made by the Cardholder or in
the Other Terms and Conditions, not duly approved in accordance with BPI’s appropriate procedures,
shall not be valid and binding upon BPI.
The Cardholder’s signature on the Application form, or the Cardholder and the Supplementary’s
signature on the CARD and the Supplementary CARD, respectively, or their respective use or continued
use of the CARD and the Supplementary CARD, constitutes Cardholder's and the Supplementary’s
agreement to, and acceptance of, these Terms and Conditions as well as the Other Terms and
Conditions.

Notes:
* Section 7 , last paragraph, states that it is the Cardholder's responsibility to update his/her contact
information, otherwise, whatever registered contact information appearing in the records of BPI will
remain valid and binding on the Cardholder: "xxx It is the Cardholder’s responsibility to update his/her
contact information when necessary; otherwise, whatever registered contact information appearing in
the records of BPI will remain valid and binding on the Cardholder. Notwithstanding the absence or lack
of proof of service of the SOA upon the Cardholder, or failure by the Cardholder to view the SOA after
statement cut-off date, the latter agrees to pay any and all statement balances on or before the
Payment Due Date. In case the Cardholder does not receive the SOA, it is the Cardholder’s responsibility
to inform BPI of the non-receipt of the SOA and to inquire about the amount due arising from the use of
the CARD and the Payment Due Date, by calling BPI Phonebanking."

** Section 10 provides for the procedure to be followed for customer complaint, including the period
within which the Cardholder may dispute or raise any billing error in the SOA (second paragraph):
"Except as otherwise provided under Section 5 (Loss of the Card), the Cardholder must notify BPI
immediately for any issue, complaint or billing error. If no SOA error is reported within thirty (30)
calendar days from the statement date indicated in the SOA, the SOA shall be considered correct and
binding upon the Cardholder and Supplementary.