BPI Credit Card Bills Covered By 60-Day Grace Period Amid COVID-19 Pandemic
BPI CREDIT CARD BILLS – The bills for the Bank of the Philippine Islands credit cards are under a 60-day grace period.
A lot of households are financially struggling now due to the impact of the COVID-19 pandemic. This disease has affected more than 200 countries and territories across the globe.
In the Philippines, the whole nation is under community quarantine measures for several months now. Unfortunately, many businesses were not able to cope for the month-long limited operations.
Some of those businesses closed after incurring only expenses with no income for several months. Many employees lost their jobs amid the COVID-19 crisis following the closure of several companies.
To help the people in the fight against COVID-19, the government approved the Bayanihan 2. It includes loan moratoriums for those who have existing loans with entities like the government agencies and banks.
One of those which complied with the law is the Bank of the Philippine Islands. The BPI credit card bills are currently under a 60-day grace period now following the approval of the Bayanihan 2.
Those covered under the 60-day grace period are the BPI credit card bills of clients with updated accounts as of September 15, 2020. The bills covered are within the period of September 15 to October 19.
According to BPI, the charges waived under the 60-day grace period include the late-payment charges, the interest on interest, and the finance charges. For those who wanted to continue paying their bills, you may still do so.
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