BPI
Family Savings Bank proudly presents its very first credit card: the BPI Family
Credit Card, in response to the demand for a low-rate, no-frills alternative to
cash. Powered by BPI, the card continues BPI Family Bank’s tradition of
offering low-price products, and comes with a 2% finance charge – the lowest in
today’s market.
The
BPI Family Credit Card will be available to those with a minimum income of
P15,000, for an annual fee of only Php1,000. It is intended for consumers who
are used to paying with cash and are intimidated by the high interest rate that
comes with the usual credit cards.
Moreover,
since the BPI Family Credit Card is licensed by leading global payments company
MasterCard, its holders will be able to use it in 35.9 million affiliated
merchants online and worldwide, and be assured of a safe, reliable, and widely
accessible payment solution.
“We
are pleased to offer a product that leverages on BPI Family Savings Bank’s
established low-price platform, and the secure system provided by BPI and
MasterCard. It is our way of striking at the opportunity of the growing number
of people who appreciate the convenience of paying with plastic, while
remaining committed to high standards for product and service quality,”
explained BPI Family Savings Bank president Jose Teodoro Limcaoco.
The
launch of the BPI Family Credit Card is aligned with a global trend of
migration from cash to electronic payments. Today, 85% of transactions
worldwide are still based on cash, but financial services companies like
MasterCard are facilitating the shift by forging partnerships with banks,
merchants, and the government.
BPI
Family Savings Bank, the country’s leading consumer bank, is a subsidiary of
the Bank of the Philippine Islands. Founded in 1985, it is known for accessible
and innovative retail banking products and services such as housing loans, auto
loans, and a wide range of savings products.
To
apply for a BPI Family Bank Credit Card, visit any branches or go to
www.bpicards.com.
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