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The BPI Platinum Rewards Mastercard is a credit offering from the Bank of the Philippine Islands that provides a range of benefits aimed at enhancing the cardholder’s spending experience. With this card, holders are privy to a rewards program that enables faster reward redemptions, facilitating more travel and a heightened sense of exclusivity​.

Upon delving into the specifics, the BPI Platinum Rewards Mastercard showcases a robust rewards structure, where cardholders earn two BPI points for every Php 30 spent locally or Php 20 spent on foreign transactions, both online and abroad​​. Additionally, the card offers a complimentary Priority Pass membership, granting access to over 1,300 airport lounges worldwide, alongside up to four free lounge passes annually​​. Beyond travel-centric perks, the card extends a layer of security to purchases by offering protection against theft and accidental damage for up to 180 days post-purchase​.

With one Real Thrills prizes Premium Point gained for every Php 30 spent locally, the prizes obtained are also praised for their adaptability and longevity.  These points can be converted to air miles, with a choice from 54 airlines, thus broadening the horizon for the cardholders’ travel adventures​. There’s also an added benefit of free travel insurance coverage up to 10M, encapsulating a sense of security during your travels​​.

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Benefits of the BPI Platinum Rewards Mastercard

The BPI Platinum Rewards Mastercard stands out for its ability to offer a plethora of benefits that go a long way in enriching the cardholders’ financial and travel experiences. Designed with the discerning consumer in mind, this card encapsulates a blend of rewards, travel perks, and purchase protection, ensuring that each transaction is not only rewarding but also secure.

Here are some of the top benefits that come with owning a BPI Platinum Rewards Mastercard:

Accelerated Rewards Earning

With the BPI Platinum Rewards Mastercard, earning rewards is expedited. Cardholders earn two BPI points for every Php 30 spent domestically or Php 20 spent on foreign transactions online and abroad. This accelerated rate of earning rewards facilitates cardholders in amassing points faster, which can be redeemed for a variety of rewards including travel, shopping, and more.

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Complimentary Priority Pass Membership

Travel becomes more comfortable and luxurious with a complimentary Priority Pass membership, which grants cardholders access to over 1,300 airport lounges worldwide. Additionally, they receive up to four free lounge passes annually, making layovers and waiting times at airports a much more pleasant experience​.

Purchase Protection Insurance

The card provides a layer of security to purchases by offering protection against theft and accidental damage for up to 180 days post-purchase. This feature instills a sense of security in cardholders, ensuring that their purchases are safeguarded against unforeseen circumstances​.

Flexible Rewards Redemption

The rewards earned are not just easy to accumulate, but also flexible to redeem. The BPI Platinum Rewards Mastercard allows for the conversion of points to air miles with a choice from 54 different airlines, thereby providing an avenue for cardholders to travel farther and explore more destinations​.

Never-Expiring Rewards Points

One of the standout features of this card is the longevity of the rewards points earned. For every Php 30 spent locally, cardholders receive one Real Thrills Rewards Premium Point that never expires, making it possible for later redemptions to be more significant and meaningful.

Free Travel Insurance Coverage

Ensuring a sense of security during travels, the card comes with free travel insurance coverage of up to 10M. This coverage alleviates some of the common travel concerns and provides a safety net for cardholders during their journeys, making it a significant benefit for frequent travelers​.

Prerequisites to Obtain the BPI Platinum Rewards Mastercard

Applying for a BPI Platinum Rewards Mastercard necessitates the fulfillment of certain eligibility criteria and submission of specific documents to ensure a successful application. Here are the key prerequisites:

Age and Residency:

  • Applicants need to be at least 21 years old.
  • It’s essential for the applicants to be either Philippine residents or Filipino citizens​.

Income Requirements:

  • A minimum annual income of ₱180,000 is required, which translates to a monthly income of approximately ₱15,000​.
  • Alternatively, another source mentions a minimum monthly income requirement of ₱80,000 for the BPI Platinum Rewards Mastercard​.

Contact Information:

  • Applicants must provide a valid business or residence contact number​.

Documentation:

  • A filled-out application form is mandatory.
  • If employed, applicants need to submit a government-issued ID along with a photocopy of the latest BIR Form 2316​.

Credit History Check:

  • Before proceeding with the application, it’s advisable to check your credit history as part of the qualification process​.

These requirements are geared towards ensuring that the applicants have a steady income, verifiable identity, and a good credit history, which in turn minimizes the risk for the bank and paves the way for a smooth credit card application process.

About BPI Financial Institution

BPI, the Bank of the Philippine Islands (BPI), is a renowned institution in the Philippine banking landscape. It was the first bank in Southeast Asia and the Philippines when it opened its doors in 1851. BPI’s history includes its early establishment as “El Banco Español Filipino de Isabel II,” which was later changed to Banco Español-Filipino in 1869. The bank was granted the privilege to print Philippine currency, marking the inception of the Philippine peso. BPI’s growth narrative included geographic expansion, mergers and acquisitions, and modernization. In 1982, it became a universal bank, offering insurance services alongside traditional banking. In 1986, it established its own interbank network, Expressnet, and launched BPI Direct Savings Bank, marking its foray into digital banking. BPI has continued to modernize and engage with its customers effectively, exemplified by its “Make the Best Things Happen” campaign and its logo relaunch to “Ready Today, Ready Tomorrow.”

Who is the BPI Platinum Rewards Mastercard for?

The BPI Platinum Rewards Mastercard is tailored for individuals who lead a lifestyle interspersed with travel, appreciate a rapid rewards accumulation scheme, and value added layers of security on their purchases. The accelerated rate of earning rewards, coupled with perks like complimentary Priority Pass membership and Purchase Protection Insurance, makes this card well-suited for frequent travelers, discerning spenders, and those with a preference for premium perks. Moreover, the flexibility in rewards redemption and the provision of free travel insurance coverage further enhance its appeal to a demographic that seeks to amalgamate financial prudence with a touch of luxury and peace of mind in their spending habits.

How to Apply for the BPI Platinum Rewards Mastercard

Here’s a step-by-step guide on how to apply for the BPI Platinum Rewards Mastercard:

  1. Eligibility Check:
    • Ensure you meet the eligibility criteria, as stated in the section above.
  2. Online Application:
    • Visit the official BPI Platinum Rewards Mastercard page and click on the “APPLY NOW” button​.
    • Fill out the online application form with your personal, financial, and employment details.
  3. Branch Application:
    • Alternatively, you can visit a BPI branch near you to apply in person​​.
  4. Document Submission:
    • Prepare and submit the necessary documents, which may include a government-issued ID and proof of income.
  5. Application Review:
    • Once submitted, BPI will review your application, which may include a credit history check.
  6. Approval and Card Issuance:
    • Upon approval, you will be notified and your BPI Platinum Rewards Mastercard will be mailed to you, or you can pick it up from the branch of your choice.
  7. Card Activation:
    • After receiving your card, follow the instructions to activate it and set up your PIN.
  8. BPI Mobile App:
    • For a streamlined banking experience, download the BPI Mobile app available on Google Play for Android or App Store for iOS to manage your card and other BPI accounts on the go.

Note: The specifics of the application process may change, so it’s advisable to check the official website or contact BPI for the most up-to-date information.

APPLY TO BPI PLATINUM REWARDS MASTERCARD CREDIT CARD HERE

Positives and Negatives of the BPI Platinum Rewards Mastercard

Based on the gathered information, here are the positives and negatives of the BPI Platinum Rewards Mastercard presented in a table format:

Pros

  • Rich rewards program with no minimum spend required, enabling one reward point for every ₱30 spent locally​​.
  • Fast accumulation of BPI points by earning 2 points for every ₱30 local spend and ₱20 overseas spend, with the option to convert points to air miles across 54 airlines​
  • The card may be used globally, making it ideal for emergencies or vacations​​.
  • Helps in building credit score when used responsibly​​.
  • Provides various benefits such as cash back rewards and easy access to funds​​.
  • No annual fee for the first supplementary cardholder

Cons

  • Spending limit determined by payment ability and credit score​​.
  • International transactions will incur a 0.85% conversion fee plus a 1% Mastercard assessment fee, based on the current foreign exchange rate.
  • 2% finance charge and nominal interest rate​.
  • Minimum amount due cannot be less than ₱850
  • Late Payment ₱850

This card is well-suited for individuals who wish to enjoy premium benefits and rewards on their spending while having the flexibility to use it worldwide. However, potential cardholders should be mindful of the annual fees, the interest rates, and the impact on credit score if payments are not made on time.

Fees and Tariffs for the BPI Platinum Rewards Mastercard

Here are the main costs associated with the BPI Platinum Rewards Mastercard:

Fee Type

Amount

Description

Annual Membership Fee

₱4,000

The annual membership fee is waived for the first year, and from the second year onwards, it's ₱4,000​.

Interest Rate

2% per month

The card has a monthly interest rate of 2%​.

Supplementary Card Fee

2% (Free for 1st supplementary)

There is a 2% charge for supplementary cards, although the fee for the first supplementary card is waived​.

Cash Advance Fee

₱200 fixed fee for each transaction

A fee is charged for cash advances, the amount of which depends on the amount withdrawn​.

Penalty Fees

Php 850 minimum of the past due amount

Per occurrence, each card will be charged Php 850 or the lesser of the unpaid minimum amount owing or the equivalent amount in other currency.

How to Contact BPI Platinum Rewards Mastercard Customer Service

For assistance or inquiries regarding the BPI Platinum Rewards Mastercard, you can reach out to BPI through the following channels:

  • Phone: (+632) 7791-0077 (BPI Preferred Dedicated Line), or 1-800-188-89-100 (Domestic Toll-free Number using PLDT and calling outside Metro Manila)​.
  • Official Website: Bank of the Philippine Islands
  • Address: Bank of the Philippine Islands, Ayala Triangle Gardens Tower 2, Paseo de Roxas corner Makati Avenue, Makati City 1226​.

These channels can provide the necessary guidance or information concerning the BPI Platinum Rewards Mastercard.