How does BPI compute interest charges?

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BPI calculates the finance charge by multiplying your card’s interest rate with the average daily balance (ADB).

You may refer to BPI’s sample interest computation.

To compute the ADB, BPI does the following:

  1. Multiplying the previous credit card statement balance with the number of days the amount is unchanged.
  2. Deducting any payment made from the statement balance and multiplying the resulting amount with the number of days from the payment date until the next billing statement date.
  3. Getting the total balances and dividing the sum by the number of days from the previous to the current billing statement.

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