BDO Platinum Mastercard™

About Credit Card

The BDO Platinum Mastercard™ is a credit card offered by BDO Unibank, one of the largest banks in the Philippines. As a Platinum Mastercard, it is designed to offer a higher level of benefits and rewards than a standard credit card.

BDO Platinum Mastercard™ provides the convenience and benefits of having a credit card. With this Mastercard, you take advantage of the rewards you earn from partner merchants like cash back rewards, travel perks, and a wide variety of cuisines at select premiere dining establishments. 

Key Features

Some of the key features and benefits of the BDO Platinum Mastercard™ include:

1. High credit limit. The BDO Platinum Mastercard™ offers a high credit limit, which makes it a good option for those who need to make large purchases.
2. Rewards program. The card offers a rewards program that allows cardholders to earn points for every transaction made using the card. These points can be redeemed for various rewards, including airline miles, shopping vouchers, and cash rebates.
3. Travel benefits. The card also offers a range of travel benefits, including free travel insurance, access to airport lounges, and discounts on hotel bookings and car rentals.
4. Purchase protection. Cardholders are also protected against fraudulent transactions and unauthorized purchases.
5. 0% installment plan. The BDO Platinum Mastercard™ also offers a 0% installment plan, allowing cardholders to spread the cost of their purchases over a period of time without incurring interest.

With the credit card's peso rewards program, you can earn one peso point for every ₱1,000 spent on eligible purchases. You can utilize your points by transferring them to your BDO Rewards card at any SM Retail Store. You can also exchange your peso points for cash credit to pay off the remaining balance on your credit card or to add to your spending budget. Additionally, when you use your BDO Platinum Mastercard to make online purchases, you can access E-Commerce Purchase Protection Insurance. 

You can also dine at certain restaurants and enjoy various cuisines. When you travel overseas, you do not have to worry about which currency to use. The credit card comes with a dual currency billing option, and you can pay in pesos or US dollars. However, this feature is not automatically available when you get the card. You have to enroll for the dual currency feature. Additionally, you benefit from up to ₱20 million in Travel Accident Insurance coverage. 

How to apply Card?

If you're interested in applying for a BDO Platinum Mastercard™, you can do so by following these steps:

1. Check the eligibility requirements. Before you apply for a BDO Platinum Mastercard™, make sure you meet the eligibility requirements. These may include being at least 21 years old, having a minimum income requirement, and having a good credit score.
2. Prepare the necessary documents. You will need to prepare certain documents to support your application. This may include a government-issued ID, proof of income, and other relevant documents that BDO may require.
3. Submit your application. You can submit your application online through the BDO website or by visiting a BDO branch. Make sure to fill out the application form completely and accurately, and provide all the required documents.
4. Wait for the application to be processed. Once you submit your application, BDO will review it and may ask for additional information or documents if needed. The processing time may vary, but typically takes a few business days to a week.
5. Receive your BDO Platinum Mastercard™. If your application is approved, you will receive your BDO Platinum Mastercard™ either by mail or through pick-up at the BDO branch you selected during the application process.

It's important to note that the application process may vary depending on the specific terms and conditions set by BDO Unibank. It's recommended to check the BDO website or contact BDO directly for more information on how to apply for a BDO Platinum Mastercard™

Rates and Fees

The rates and fees for the BDO Platinum Mastercard™ may vary depending on the specific terms and conditions set by BDO Unibank. However, here are some of the common fees and charges that you can expect:

1. Annual fee. The BDO Platinum Mastercard™ has an annual fee of PHP 4,500 for the primary cardholder, and PHP 2,250 for each supplementary cardholder.
2. Interest rate. The interest rate for the BDO Platinum Mastercard™ is 3.50% per month.
3. Cash advance fee. The cash advance fee for the BDO Platinum Mastercard™ is PHP 300 or 6% of the cash advance amount, whichever is higher.
4. Late payment fee. The late payment fee for the BDO Platinum Mastercard™ is PHP 750 or 6% of the minimum amount due, whichever is higher.
5. Foreign transaction fee. The foreign transaction fee for the BDO Platinum Mastercard™ is 3.50% of the converted amount in Philippine Peso.

Pros and Cons

Pros

1. High credit limit. The BDO Platinum Mastercard™ offers a high credit limit, which can be useful for those who need to make large purchases.
2. Rewards program. The card's rewards program allows cardholders to earn points for every transaction made using the card, which can be redeemed for various rewards.
3. Travel benefits. The card also offers a range of travel benefits, including free travel insurance, access to airport lounges, and discounts on hotel bookings and car rentals.
4. Purchase protection. Cardholders are protected against fraudulent transactions and unauthorized purchases, which can give peace of mind when using the card for online or in-person purchases.
5. 0% installment plan. The BDO Platinum Mastercard™ also offers a 0% installment plan, allowing cardholders to spread the cost of their purchases over a period of time without incurring interest.

Cons

1. Annual fee. The BDO Platinum Mastercard™ has an annual fee, which may not be suitable for those who are looking for a no-fee credit card.
2. High interest rate. The card has a relatively high interest rate, which can result in significant interest charges if the balance is not paid in full each month.
3. Eligibility requirements. The BDO Platinum Mastercard™ has specific eligibility requirements, which may exclude some people from being able to apply.
4. Supplementary card fee. There is a fee for each supplementary card issued, which can add to the cost of using the card for family members or additional cardholders.
5. Foreign transaction fee. The card has a foreign transaction fee, which can make using the card for purchases outside of the Philippines more expensive.

Overall, the BDO Platinum Mastercard™ offers a range of benefits and rewards for those who are looking for a high-end credit card. However, the fees and interest rates associated with the card may make it less suitable for some people. It's important to carefully review the terms and conditions of the card to determine if it's the right fit for your needs

Requirements

The specific requirements for applying for a BDO Platinum Mastercard™ may vary depending on the policies and procedures of BDO Unibank. However, here are some of the common requirements that you may need to meet:

1. Age. You must be at least 21 years old to apply for the BDO Platinum Mastercard™.
2. Income. You must have a minimum income requirement to be eligible for the card. The income requirement may vary depending on the specific terms and conditions set by BDO Unibank.
3. Employment. You may be required to provide proof of employment or other sources of income to support your application.
4. Identification. You must provide a valid government-issued ID, such as a passport or driver's license, as part of the application process.
5. Credit history. BDO may check your credit history to assess your creditworthiness and to determine if you meet their standards for credit card approval.
6. Other documents. Depending on the specific policies and procedures of BDO Unibank, you may be required to provide additional documents to support your application, such as proof of billing address, tax identification number, or other relevant information.

It's recommended to check the BDO website or contact BDO directly for the most up-to-date information on the requirements for applying for a BDO Platinum Mastercard™.

Issue and repayment

Here's how the issue and repayment process for the BDO Platinum Mastercard™ typically works:

1. Application. To get a BDO Platinum Mastercard™, you need to apply for the card through BDO Unibank. You can apply online, in person at a BDO branch, or through other channels, depending on what options are available.
2. Approval. Once you submit your application, BDO Unibank will review your information and determine whether or not you are eligible for the card. If approved, you will receive your BDO Platinum Mastercard™ in the mail within a few weeks.
3. Activation. When you receive your card, you will need to activate it by following the instructions provided by BDO Unibank. This typically involves calling a phone number or going online to confirm your card information and set up a PIN.
4. Use. Once your card is activated, you can start using it for purchases and cash advances, as long as you stay within your credit limit.
5. Billing. BDO Unibank will send you a billing statement each month, which will show your balance, minimum payment due, due date, and other important information about your account.
6. Repayment. You are required to the minimum payment due by the due date indicated on your billing statement. You can pay your bill through various channels, such as BDO branches, online banking, or automatic debit arrangements. It's important to pay your bill on time to avoid late payment fees and potential damage to your credit score.
7. Interest. If you don't pay your balance in full each month, you will be charged interest on the remaining balance. The interest rate for the BDO Platinum Mastercard™ may vary depending on the specific terms and conditions set by BDO Unibank.
8. Rewards. If you participate in the BDO Platinum Mastercard™ rewards program, you can earn points for every transaction you make using the card. You can then redeem your points for various rewards, such as cash back, merchandise, or travel vouchers.
9. Monitoring. It's important to monitor your BDO Platinum Mastercard™ account regularly to ensure that you are not exceeding your credit limit, missing payments, or experiencing any fraudulent activity. You can check your account balance and transaction history through various channels, such as BDO online banking, mobile banking, or by calling the customer service hotline.

How to lock for missing or stolen cards?

If your BDO Platinum Mastercard™ has been lost or stolen, it's important to take action immediately to prevent any unauthorized transactions on your account. Here's what you can do to lock your card:

1. Call BDO Unibank. Contact BDO Unibank's customer service hotline immediately to report your lost or stolen card. You can call the 24-hour BDO Customer Contact Center at (+632) 8631-8000. BDO will then block your card to prevent any unauthorized transactions.
2. Request a replacement card. If your card is lost or stolen, you may need to request a replacement card. BDO will issue a new card to you, which you can then activate and use as a replacement for the lost or stolen card.
3. Monitor your account. It's important to monitor your BDO Platinum Mastercard™ account regularly to ensure that there are no unauthorized transactions. You can check your account balance and transaction history through various channels, such as BDO online banking, mobile banking, or by calling the customer service hotline.
4. Update your account information. If you have changed your address or contact information, make sure to update your account information with BDO Unibank to ensure that you receive your replacement card and any other important notifications.

By following these steps, you can help protect your account from any unauthorized activity and ensure that your BDO Platinum Mastercard™ is safe and secure.