The Bank of the Philippine Islands (BPI) offers a variety of credit card products, including the BPI Rewards Card, which provides cardholders with access to a range of promotional offers, discounts, and potential freebies. These benefits are structured through the bank's rewards program and ongoing promotional campaigns, which may include welcome gifts, annual fee waivers, and partner merchant discounts. The availability and specifics of these offers are subject to the terms and conditions set by BPI and its promotional partners.
BPI Rewards Card Overview
The BPI Rewards Card is a credit card product designed for consumers seeking to earn rewards on everyday spending. Cardholders earn BPI Points for their purchases, which can be redeemed for various rewards. According to source materials, the card offers specific benefits and features that are relevant to consumers interested in promotional value.
Core Benefits and Earning Structure
Cardholders of the BPI Rewards Card earn 1 BPI Point for every ₱35 spent. These points can be redeemed for shopping credits, gift vouchers, airline miles, and other options. The card also provides access to installment plans of up to 36 months for eligible purchases, which can help manage larger expenses.
Travel and Insurance Benefits
A notable benefit for travel-focused cardholders is the free travel insurance coverage of up to ₱2 million. This insurance is activated when flights are booked using the BPI Rewards Card.
Foreign Transaction Benefits
The card offers a competitive foreign exchange conversion rate of 1.85% for transactions made abroad or online in foreign currency, which is positioned as one of the lowest rates available.
Promotional Offers for New Cardholders
BPI frequently runs promotions to attract new cardholders, which often include welcome gifts and fee waivers. These offers are time-bound and come with specific eligibility requirements.
Welcome Gift Promotions
A specific promotion for new cardholders of the BPI Rewards Card, BPI Gold Rewards Card, and BPI Platinum Rewards Card offers an eGC welcome gift from Giftaway. The value of the welcome gift depends on the card type and is contingent on meeting a spend requirement within a specified period.
- BPI Rewards Card: A spend requirement of ₱30,000 entitles the new cardholder to a ₱5,000 Giftaway eGC.
- BPI Gold Rewards Card: A spend requirement of ₱30,000 entitles the new cardholder to a ₱10,000 Giftaway eGC.
- BPI Platinum Rewards Card: A spend requirement of ₱60,000 entitles the new cardholder to a ₱10,000 Giftaway eGC.
These promotional welcome gifts are available for a limited time. For example, one source indicates a promo period valid until June 30, 2024. Cardholders are advised to check the official promo page for full mechanics, including registration periods and approval dates.
Annual Fee Waiver Promotions
A common promotional offer for new BPI credit card applicants is a waived annual membership fee for the first year. This benefit applies to several BPI credit cards, including the BPI Rewards Card. The standard annual fee for the BPI Rewards Card is ₱1,550, which is waived for the first year under this promotion. The waiver applies to other cards as well, such as the Gold Rewards Card (₱2, O50), Platinum Rewards Card (₱4,000), and others. The promotion for a free annual fee on the first year is applicable to a list of participating BPI credit cards.
Ongoing Discounts and Partner Offers
Beyond welcome gifts, BPI cardholders can access year-round discounts and freebies through the "Oh My Deals" program and other partner promotions. These offers are typically available at retail shops, online stores, restaurants, appliance stores, and gadget shops.
Restaurant and Dining Discounts
BPI maintains ongoing partnerships with various dining establishments, offering cardholders discounts or complimentary dishes. These promotions are often valid for an extended period. For instance, several restaurant promotions are valid until June 15, 2026, including: * Seaking Garden Restaurant Promo: 20% off with a BPI or Robinsons Bank Card. * Cristoforo Promo: Up to 30% off with a BPI or Robinsons Bank Card. * Top View Restaurant & Bar Promo: 10% off with a BPI or Robinsons Bank Card. * Mr and Mrs B Promo: 10% off with a BPI or Robinsons Bank Card. * Pool Bar by bai Hotel Promo: 20% off with a BPI or Robinsons Bank Card. * Ume Japanese Cuisine by bai Hotel Promo: 25% off with a BPI or Robinsons Bank Card (valid until June 06, 2026).
Some dining promotions offer a free dish with a BPI or Robinsons Bank Card, such as the Tipulo by First Pacific Leadership Academy Promo and the Seaking Garden Restaurant Promo.
Other Service and Retail Discounts
Discounts are also available for other services and retail categories. For example, the First Pacific Leadership Academy (FPLA) Promo offers up to 41% off with a BPI or Robinsons Bank Card, valid until June 15, 2026. Manami Resort Promo offers 35% off on best available rates with a BPI or Robinsons Bank Credit or Debit Card.
Digital and VYBE App Offers
Promotions are also available through digital channels and the VYBE app. For example, a promotion for "Masaya sa But First, Coffee" offers a free Iced Caramel Coffee or Vietnamese Style when using VYBE to pay at least a specified amount, valid until March 31, 2026. Another promotion, "Masaya Maging VYBEkada," offers a free item, valid until January 31, 2026. Cardholders can also use their Rewards Points to pay the annual card membership fee through the VYBE app for 31,000 points.
Application Process and Eligibility
Access to these promotional offers is contingent upon being an approved cardholder of a qualifying BPI credit card. The application process involves meeting eligibility requirements, which include a minimum monthly income requirement.
Income and Fee Requirements
The BPI Rewards Card has a stated monthly income requirement of ₱15,000. However, other sources list a minimum annual income requirement of ₱180,000 for the BPI Rewards Card. Applicants should verify the current requirements directly with BPI. The standard annual fee is ₱1,550, waived for the first year under the promotional offer. The interest rate is 3%.
Application Steps
The application can be initiated through various channels. For example, applying via Lazada requires a 1 PHP payment to start the process, after which instructions are sent by email to complete the application. Approval can take up to 15 banking days. It is recommended to review BPI's official resources, such as a guide on how to open a BPI account, before applying.
Conclusion
The BPI Rewards Card provides a structured rewards program and access to a variety of promotional offers for cardholders. These include welcome eGC gifts for new applicants, a waived first-year annual fee, and ongoing discounts through the "Oh My Deals" platform and partner merchants. Specific offers, such as restaurant discounts and digital app promotions, are available with defined validity periods. Eligibility for these benefits is determined by BPI's application and approval process, which includes income and fee requirements. Cardholders should always refer to the official BPI promotional pages and terms and conditions for the most current and complete details on offer availability, eligibility, and redemption processes.