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Philippines , Friday 17 April 2026

Credit card rates still pegged at 2% per month

Published on: Sunday 15 May 2022

Credit card rates still pegged at 2% per month MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is likely to keep the cap on credit card transactions at two percent per month or 24 percent per year amid the low-interest rate environment as the country continues to recover from the impact of the pandemic. Subject to the confirmation of the Monetary Board, the interest rate or finance charge ceiling on unpaid credit card balance approved more than a year ago would likely be...


News source: https://www.msn.com/en-ph/news/national/credit-card-rates-still-pegged-at-2percent-per-month/ar-AAXiAl9

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