BPI Blue MasterCard: activation, fees, credit limit, requirements (2020)

BPI Blue MasterCard: activation, fees, credit limit, requirements (2020)

In a rapidly changing business world, almost every sector of the economy is doing all it can to ensure that it meets the ever-changing demands. The Bank of the Philippines Islands has made BPI Blue MasterCard that has significantly changed financial transactions within and outside the Philippines.

BPI Blue MasterCard

Image: facebook.com, @bpi
Source: UGC

Whenever you use the card, you earn points. The points can be converted to some cool items or services. There are some promos too that give you bonuses just for using the card, and judging from BPI Blue MasterCard review online, this is no doubt a must-have card.

What is BPI Blue MasterCard

It is your start-up international credit card, which is accepted by various establishments worldwide. With the card, you are entitled to P2 million free travel insurance. Additionally, it allows you to withdraw money up to 30% of your credit limit in over 1 million ATMs around the world.

BPI Blue MasterCard: the sensible card

GSIS loan application, requirements, approval, different loan types

It is regarded as a sensible card because the holders earn reward points and receive gifts whenever they use it. The card is not only perfect for a first credit card but also for your everyday spending. It also has more perks and privileges.

READ ALSO: How to open account in BDO: a detailed step-by step-guide (2020)

What is the cost of possessing the card

As a holder, it means that you are a member of the credit card company. Therefore, an annual membership fee is charged. The charges are as follows.

  • BPI Blue MasterCard annual fee: P 1,550
  • First supplementary annual fee: Free for life
  • 2nd to 6th supplementary annual fee: P775
  • Finance charge: 3.50%
  • Annual minimum income requirement: P180,000
  • Cash advance: 3% of the cash advance amount or P500, whichever is higher
  • Foreign currency conversion: 0.85% of the converted amount plus a 1% MasterCard assessment fee.
Pag IBIG housing loan 2020: Requirements, process, application

BPI Blue MasterCard requirements

The following are the requirements if you wish to be a holder of this particular card.

  • You must have a Tax Identification Number (TIN) and SSS/GSIS number.
  • You must have a postpaid account.
  • Have a minimum monthly income of $15000.00.
  • The minimum age for principal holders must be 21 years and above, while that of the supplementary holders must be 13 years and above.

What is the BPI Blue MasterCard interest rate?

The holders are charged interests as follows.

  • Finance charges: 3.50% per month
  • Cash advance charge: 3% of the cash advance amount or P500.00 whichever is higher
  • Cash advance interest charge: It varies, and is calculated as follows. {(total interest + cash advance fee)÷(Average outstanding principal balance)}
BPI Blue MasterCard interest rate

Image: facebook.com, @bpi
Source: UGC

How to use BPI Blue MasterCard

There are various ways you can use this particular MasterCard. For example, if you want to pay your travel fare through contactless technology, the following steps apply.

BDO Installment Card 2020: FAQs about application and utilisation
  1. Look for the contactless indicator in the Point-Of-Sale (POS) terminal.
  2. Tap the card on the POS terminal.
  3. Once the transaction is approved, you can choose to print the receipt.

READ ALSO: Paymaya card: how to get one? Explaining step-by-step (2020)

How to activate BPI Blue MasterCard

Like any other credit card, the BPI Blue credit card must be activated first before you can start using it. There are two ways to go about the activation process.

If you are enrolled in the BPI Express Online, log in to your account and check the credit card details (credit limit and customer numbers).

If the card details are included in your profile, it means that it is already pre-activated.

If the details are not included, then it is not active, and you will have to request for activation.

The following steps are to be followed.

  1. Call the 24-hour customer service hotline. Metro Manila: (02) 89-100, Domestic toll-free: 1-800-188-89100, Mobile phone and international: (632) 89-100
  2. Press 2 for credit cards.
  3. Press 2 for credit card activation.
  4. As you do so, have it ready with you because you will be asked for details on your card for activation.
The complete process for BPI credit card application

How much is the credit limit of BPI Blue MasterCard

The credit limit of BPI Blue MasterCard varies. There are many factors considered before the credit limit is arrived at. Some of these factors include credit history, income, and debt-to-income ratio.

However, there are two steps you can follow if you want to increase the credit limit of the card.

You can do so through BPI Express Online. The steps are as follows.

  1. Click Other Services.
  2. Then Credit Card Services.
  3. Tab on Increase in Credit Limit.

Alternatively, you may request to increase it after a year by calling the customer service hotline, which is 89-100.

BPI may ask you to submit income documents such as ITR or payslips to process your request.

What are the benefits of having BPI Blue MasterCard?

There are myriad benefits enjoyed by holders. They include;

  • An annual membership fee for the first year is waived
  • A holder is eligible to earn Real Thrill Reward Points with their groceries, shopping, and dining spending. (1 point = P35)
  • They can book their travel with the card and will receive free travel insurance with coverage of up to P2 million.
  • Holders can borrow up to 30% of their credit limit by using the cash advance feature.
An easy guide on how to open BPI account

What can you redeem with your Real Thrills Rewards points?

As long as you have the required number of Real Trill Rewards points, you can redeem different items from the reward catalogue at any time.

You can redeem the BPI Blue MasterCard reward points to cater for the following expenses.

  • Shopping
  • Leisure and relaxation
  • Dining
  • Travel
  • Membership fees
  • Charities

You can find out the number of Real Thrills Rewards Points required under each category.

BPI Blue MasterCard credit card review

Different people have found it easy and convenient to use the card. For example, Steven Se has been a BPI Blue MasterCard holder for more than a year.

The 24-year-old network support engineer said that it allowed him to claim free food from various outlets (Jollibee, Starbucks, and Chowking) when he spent more than P3,000. What excited him was how easy it was to settle the credit card bill online.

Everything you need to know about PNB branches

He advises that the annual fees on credit cards can be waived depending on how one uses his card and settles his bills.

This is all about the BPI Blue MasterCard you need to know. It comes with a lot of benefit for their holders. It is, without a doubt, a card that everyone should have.

READ ALSO: BPI open account: step-by-step guide (2020)

Source: Kami.com.ph

Online view pixel