CREDIT CARD





MASTERCARD CLASSIC

Enjoy financial flexibility with a versatile and rewarding everyday credit card. Take care of your basic needs while enjoying the privileges you deserve. Charge your groceries, gas, utilities, or installment purchases and be rewarded on everyday spend.




MASTERCARD GOLD

Live a life without worries; take advantage of greater purchasing power with higher spending limits. Shop, dine, travel and enjoy more perks and rewards on all your spending.




MASTERCARD PLATINUM

Enjoy life’s luxuries and the freedom to purchase the finest things the world has to offer using your premium card. Use your card anywhere in the world and take advantage of exciting privileges, the exclusive benefits of Dual Currency Billing, and Waived Annual Membership Fees.




CARD FEATURES

  • Rewards Plus

    For every Php25 spent on your Bank of Commerce MasterCard Credit Card, card holders will earn one(1) Rewards point. Earn as much as 5x Rewards points when using the card at select dining and shopping establishments. Exchange points from a wide selection of rewards merchandise.

  • Installment Plus

    Shop at selected establishments and avail of installment offers as low as 0% interest payable in 3, 6, 12, 18, 24 and 36 months.

  • Installment Convert

    Low monthly interest rates and longer payment terms when converting to install big ticket purchases such as tuition fees, hospital bills, wedding reception, etc.

  • Dual Currency Billing (for Platinum Cardholders)

    Enjoy the convenience of two separate billing for local and international purchases. All local purchases will be billed and paid in Philippine Peso (PHP) while international purchases will be billed and paid in US Dollars (USD).



APPLICATION REQUIREMENTS

  1. Applicant must be between 21 to 65 years old for Principal Cardholder and at least 15 years old for Supplementary.
  2. Filipino resident or local resident foreigner.
  3. Minimum annual income requirement is Php120,000 for Classic MasterCard, Php455,000 for Gold MasterCard and Php1,200,000 for Platinum MasterCard.
  4. Must have an office or business landline and a residence landline or post paid mobile phone.
DOCUMENTS REQUIRED

  1. Completely filled out Bank of Commerce Credit Card application form
  2. Photocopy of one (1) valid ID with photo (for Principal and Supplementary)
  3. List of acceptable IDs:
    • Passport

    • Driver's License

    • Company ID

    • Voter’s ID

    • SSS ID

    • TIN ID

    • Postal ID

    • Philippine Regulation Commission (PRC)

    • Student ID issued and signed by the principal or head of the school for the current school year

    • Other government issued IDs

  4. Proof of Income
  5. EMPLOYED
    Any of the following:
    • Latest Certificate of Employment and Compensation

    • Latest 2316, W2 or ITR

    • 3 months payslip

    SELF-EMPLOYED
    • Copy of Business Papers (MANDATORY)

      1. Single Proprietorship – Certificate of Registration of Business Name issued by DTI

      2. Partnership – Articles of Partnership and Certificate of Registration issued by SEC

      3. Corporation – Latest Articles of Incorporation (AOI), By Laws (BL) and Certificate of Registration issued by SEC, Certificate of filing of AOI and BL, Board Resolution or Sec. Certificate and List of Elected Officers.

    • Latest ITR for the last 2 years duly stamped as received by BIR or authorized bank.

    • Latest Audited Financial Statement (AFS) for the last 2 years duly stamped as received by BIR or authorized bank.

    • Bank Statement for the last 6 months.

    PROFESSIONAL
    • Latest ITR for the last 2 years duly stamped as received by BIR or authorized bank. - (MANDATORY)

    • Latest Audited Financial Statement (AFS) for the last 2 years duly stamped as received by BIR or authorized bank

    • Bank Statement for the last 6 months

  6. Non-Filipino Citizen
    • Original and latest Certificate of Employment and Compensation (COEC) – (MANDATORY)

    • Deed of Assignment for hold-out on deposit - (MANDATORY)

    • Original Comfort Letter - (MANDATORY)

    • Special Investor’s Resident Visa

    • Visa issued by PEZA

    • Certified True Copy of Passport

    • Certified True Copy of Alien Certificate of Registration or Work Permit






MASTERCARD FEES AND CHARGES
FEES/CHARGES
CLASSIC
GOLD
PLATINUM
Annual Membership Fee
FREE for the 1st Year
FREE for the 1st Year
WAIVED
Principal Card
Php1,200
Php2,500
WAIVED
Supplementary Card
Php600
Php1,250
WAIVED
Finance Charge / Effective Interest Rate per Month
3.25%
3.25%
2.95%(Regular)
2.5%(Priority Access)
Finance Charge/Interest Rate Computation
Interest charge is computed based on the average daily balance (ADB) computed from the transaction date for retail transactions, monthly installments, fees, credits/payments and cash advance until the next statement date. Any finance charge due but unpaid will form part of the principal balance and will continue to earn finance charge.
Minimum Amount Due
5% of the Total Outstanding Balance or Php500 whichever is higher (Peso billing); or 3% of the Total Outstanding Balance or USD50 whichever is higher (Dollar billing). The minimum amount due consists of the following: (a) a % of the Total Outstanding Balance inclusive of all fees and charges, (b) past due amount, (c) monthly installment amount and (d) any amount in excess of the credit limit. The minimum amount due is the sum of (a), (b), (c) & (d) or P500/USD50, whichever is higher.
Late Payment Fee
5% of minimum amount due or Php500 whichever is higher.
5% of minimum amount due or
Php500 whichever is higher (Peso billing); or
5% of minimum amount due or
USD10 whichever is higher (Dollar billing].
Cash Advance Fee & Interest
5% of the amount withdrawn or Php300 whichever is higher plus prevailing interest rate which will be computed from the date of transaction until full settlement of the cash advance amount.
5% of the amount withdrawn or Php300, whichever is higher (Peso billing); or 2% of the cash advance amount or USD2, whichever is higher (Dollar billing) plus prevailing interest rate which will be computed from the date of transaction until full settlement of the cash advance amount.
Cash Advance Service Charge (Over-the-counter)
Php100
Foreign Currency Conversion Fee
Purchases in foreign currencies will be converted automatically to Philippine Peso at Mastercard’s currency conversion rate plus foreign currency conversion fee of 2.5% (consists of Mastercard’s assessment fee and Bank of Commerce Service Fee)
Purchases in third currencies (non-dollar) will be converted automatically to US dollar at Mastercard’s currency conversion rate plus foreign currency conversion fee of 2.5% (consists of Mastercard’s assessment fee and Bank of Commerce Service Fee)
Charge Slip Retrieval Fee
Php200 for local and Php300 for International purchases
Card Replacement Fee
Php300 for lost card and Php200 for damaged card
Returned Check Fee
Php1,000
Installment Acceleration Fee
Php 1,000
Closed Account Maintenance Fee
Php200
Gaming Service Transaction Fee
3% of the transaction amount



SAMPLE INTEREST RATE COMPUTATION

A. Retail Transaction

Principal amount: 20,000
Payment amount due: 5% of the outstanding balance or P500 whichever is higher
Payment timing: 1 day after statement date
Monthly Effective Interest Rate: 3.25%
Month Retail Purchase Total Payment Interest O/B Principal Total Statement Balance
1 20,000 20,000.00 20,000.00
2 1,000.00 650.00 19,000.00 19,650.00
3 982.50 638.63 18,667.50 19,306.13
4 965.31 627.45 18,340.82 18,968.27
5 948.41 616.47 18,019.85 18,636.32
6 931.82 605.68 17,704.51 18,310.19
7 915.51 595.08 17,394.68 17,989.76
8 899.49 584.67 17,090.27 17,674.94
9 883.75 574.44 16,791.19 17,365.63
10 868.28 564.38 16,497.35 17,061.73
11 853.09 554.51 16,208.64 16,763.15
12 838.16 544.80 15,924.99 16,469.79
Assumptions:
a. Retail purchases made on the statement cycle date
b. No other purchases/cash advance/installment transactions made for 12 months.
c. No other charges/fees incurred during the 12 months period.

B. Cash Advance Transaction
Principal amount: 20,000
Payment amount due: 5% of the outstanding balance or P500 whichever is higher
Payment timing: 1 day after statement date
Monthly Effective Interest Rate: 3.25%
Month Retail Purchase Total Payment Interest Cash Advance Fee O/B Principal Total Statement Balance
1 20,000 500.00 20,000.00 20,500.00
2 1,025.00 658.93 21,158.93 20,133.93
3 1,006.70 647.16 19,127.23 19,774.39
4 988.72 635.61 18,785.67 19,421.28
5 971.06 624.26 18,450.22 19,074.47
6 953.72 613.11 18,120.75 18,733.86
7 936.69 602.16 17,797.16 18,399.32
8 919.97 591.41 17,479.36 18,070.76
9 903.54 580.85 17,167.23 17,748.07
10 887.40 570.47 16,860.67 17,431.14
11 871.56 560.29 16,559.58 17,119.87
12 855.99 550.28 16,263.88 16,814.16
Assumptions:
a. Cash advance made on ther statement cycle date.
b. No other purchases/cash advance/installment transactions made for 12 months.
c. No other charges/fees incurred during the 12 months period.
d. Initial payment is sufficient to pay-off the Cash Advance Fee.

C. Installment Loan
Installment Loan Amount: 3,000
Installment Term: 12 months
Monthly Add-on Rate: 1.45%
Monthly Effective Interest Rate: 2.559%
Monthly Factor Rate: 0.097833
Month Installment Principal Interest Outstanding Balance
3,000.00
1 293.50 216.74 76.76 2,783.26
2 293.50 222.29 71.21 2,560.97
3 293.50 227.98 65.52 2,332.99
4 293.50 233.81 59.69 2,099.19
5 293.50 239.79 53.71 1,859.39
6 293.50 245.93 47.57 1,613.47
7 293.50 252.22 41.28 1,361.25
8 293.50 258.67 34.83 1,102.58
9 293.50 265.29 28.21 837.29
10 293.50 272.08 21.42 565.21
11 293.50 279.04 14.46 286.18
12 293.50 286.18 7.32 0.00

PAYMENT CHANNELS / METHODS

Cardholders may pay in cash, check or by giving instructions to transfer funds from their Bank of Commerce bank account. All payment due must be received and posted on or before the Payment Due Date stated on your Statement.

Check payment should be made payable to “Bank of Commerce.” Payment by check shall be considered made after the prescribed clearing period. Please allow normal banking clearing period for check payments. For check payments to be posted, funds must be cleared and available on or before the Payment Due Date.

Pay your credit card bill via any of the following channels:

Bank of Commerce
    • Over-the-counter payment at any of Bank of Commerce branches nationwide
      • Click here for the complete list of the Bank's branches
    • Auto Debit Arrangement
      • Open an account with Bank of Commerce and enroll in the Auto Debit Arrangement (ADA) facility
    • Bank of Commerce bCommerce (Retail Internet Banking)
      • Enroll your account to pay online
      • Click here to go to bCommerce portal
BDO
    • Over-the-counter payment at any of BDO branches nationwide
    • Automated Teller Machine (ATM)
    • Online Banking
    • Mobile Banking



E-Statement Facility Important Advisory

· Starting January 1, 2017, Cardholders who are currently enrolled in the E-Statement Facility will no longer receive a printed copy of their monthly Statement of Account.

· Cardholders who wish to enroll in the E-Statement Facility, may call Customer Care at 623 2265, Domestic Toll Free numbers: (PLDT) 1800-10-982-6000, (Globe Lines) 1-800-8-982-6000.

· By signing up for and/or using the E-Statement Facility, the Cardholder accepts and agrees to be bound by all operational rules and general terms and conditions governing the Bank of Commerce Credit Card E-Statement, which can be found at the Bank’s website at bankcom.com.ph.


Discontinuance of Travel Insurance Coverage

Please be informed that the Travel Insurance Coverage feature of Bank of Commerce Gold and Platinum cards will be discontinued effective October 30, 2016. Please call our Customer Care at 632-2265 or Domestic Toll-Free numbers: (PLDT) 1800-10-982-6000 and (Globe Lines) 1800-8-982-6000; or send us an email at customerservice@bankcom.com.ph for any clarification.


Installment Acceleration Fee

Effective October 3, 2016, Installment Acceleration Fee will be P1,000 for every installment pre-termination request.


New Foreign Currency Conversion Fee

For Classic and Gold MasterCard: Purchases in foreign currencies will be converted automatically
to Philippine Peso at MasterCard's currency conversion rate plus foreign currency conversion fee of 2.5%
(consists of MasterCard's assessment fee and Bank of Commerce’s service fee).

For Platinum MasterCard: Purchases in third currencies (non-dollar) will be converted automatically to US
dollar at MasterCard's currency conversion rate plus foreign currency conversion fee of 2.5% (consists of
MasterCard's assessment fee and Bank of Commerce’s service fee).


Bangko Sentral ng Pilipinas Circular 706: Updating of Personal Information

In compliance with Bangko Sentral ng Pilipinas Circular 706, all principal and supplementary
cardholders are required to regularly update their personal information. To update, please call our
Customer Care Hotline at (02) 632 2265 or email the information to customerservice@bankcom.com.ph
together with a copy of 2 valid IDs within 30 days from receipt of this notice.



Credit Information System Act

Bank of Commerce is mandated to submit your basic credit data (as defined in R.A. 9510 and its IRR), as
well as any regular updates or correction thereof, to the Credit Information Corporation (CIC) for
consolidation and disclosure as may be authorized by the CIC, in compliance with CIC Circular 2015-01
and Republic Act (R.A) No. 9510 or the Credit Information System Act. Consequently, your basic
credit data may thus be shared with other lenders authorized by the CIC, and other reporting agencies
duly accredited by the CIC, for the purpose of establishing a client's creditworthines

For more information, visit http://creditinfo.gov.ph/frequently-asked-questions to view the Frequently
Asked Questions from the CIC website.


July 7,2015

Land Bank MOA Signing

Present during the awarding of the Swipe Your Way to Your SUV grand prize (Toyota Fortuner)
were President & CEO Roberto C. Benares and cardholder-winner Mr.Nicanor L. Uy Jr. and wife

BOC Credit Cards announces the winners of the Swipe Your Way to a New SUV promo.
The promo was launched in order to attract new cardholders and encourage usage from among its loyal cardbase. The raffle was held last April 10, 2017 at the Bank of Commerce Head Office in the presence of BOC Officers and DTI Representative. Winners of the promo were notified via email and phone call. Promo Period was from November 7, 2016 to March 31, 2017.

Grand Prize:
Name of Winner
Toyota Fortuner 4x2 G DSL AT
Nicanor L. Uy Jr.
2nd Prize:
10,000 Mabuhay Miles
Andrea M. So
Rolando Anibal G. Alvarado
Precious P. Bunag
3rd Prize (10 winners):
Petron Value Card worth P5,000
Geraldine M. Alano
Melanie S. Montillo
Mark Anthony C. Sideco
Marlon Rei Mutuc
Digna S. Santos
Marides G. Bautista
John Rudolf M. Bautista
Aldrin D. Linas
Marco A. Dayrit
Joseph A. Granjo

Land Bank MOA Signing

(From left): SVP Anna Marie A. Cruz, Division Head-PDMSD-CCU; and Mr. and Mrs. Nicanor L. Uy, Jr.        

Land Bank MOA Signing

Present during the raffle draw of the Swipe Your Way to Your SUV promo were (from left)
DTI Representative Manuel Abadilla Jr; AM Mafeth M. Molina, Card Usage Promo Officer;
SVP Violeta M. Tirol, Division Head-South Division; and AM, Carina R. Ruego, Business Systems Analyst.




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