BPI Corporate Credit Card: A Complete Guide for Philippine Businesses [2025]

For Philippine businesses looking for corporate credit card solutions, the Bank of the Philippine Islands (BPI) is often the first option. As the country’s oldest bank, BPI has built a solid reputation since 1851, and their corporate credit card offering includes a solid business expense management service.

But, whilst BPI’s corporate card covers the basics, it might not offer the smartest features on the market, particularly when it comes to international transactions. Foreign transaction fees can add up quickly, and the limited multi-currency support could slow you down if you’re working with international suppliers.

This guide covers everything you need to know about the BPI Corporate Credit Card - from fees and features to application requirements. We’ll also show you why Wise Business Card might be a better option for modern Philippine businesses looking to avoid unnecessary fees and manage the spending of their wider international teams.

How does a corporate credit card work?

Corporate credit cards are designed to make managing business-related expenses simpler, with the credit line based on your company’s financial statements rather than individual creditworthiness. Unlike personal credit cards, the company holds liability for the debt, not individual employees.

The main benefit of a corporate credit card is being able to control and monitor employee spending of company money. Rather than submitting receipts, employees can keep personal and business expenses separate from the get-go, saving everyone time (particularly your accounts department). They’re perfect for online purchases - booking flights, paying for software subscriptions, sorting utility bills - as well as in-person purchases on expensed work trips. Plus, corporate cards often come with expense management tools and rewards that actually benefit your business.

Crucially, corporate credit cards come with some controls, so you can make sure only the necessary expenses go through the company account. Many cards let you set spending limits for specific employees, as well as limits on the type of thing they can be used for - for example, not a coffee on the way to work. Corporate credit cards can be hugely useful; but, as with everything, some are more useful than others. So, how does the BPI corporate credit card stack up?

BPI Corporate Credit Card overview

BPI’s corporate credit card does what it says on the tin - manages business expenses with some helpful bells and whistles. You get up to 50 days of extended payment terms, which isn’t bad for cash flow management¹. Their Express Data Online (EDOL) system handles real-time transaction monitoring and expense approvals, so you can keep track of who’s spending what¹.

Express Data Online (EDOL) system

This secure web-based reporting and expense management system is probably BPI’s strongest feature. You can generate detailed reports, view transactions in real-time, and approve expenses online from anywhere. It’s particularly useful for companies with multiple cardholders since you can monitor all spending activity from a central dashboard.

Real 0% instalment plans

The Real 0% instalment plans are genuinely useful for spreading larger business purchases without interest charges¹. This works at participating merchants like Abenson and Power Mac Center, allowing you to break down significant equipment purchases into manageable monthly payments.

Real Thrills rewards programme

Your corporate spending earns Real Thrills Rewards points that can be redeemed for gift certificates, shopping credits, airline miles, or even charitable donations¹. Points earned by all cardholders in your company can be pooled and redeemed in bulk by your Authorised Company Administrator.

Company controls and security

From a control standpoint, it’s decent. Set individual credit limits per employee, block specific merchant categories, and get exemption from withholding tax on purchases per BIR RMC 72-2004¹. The card also includes BPI’s Credit Card Control feature, allowing real-time blocking and unblocking for security purposes.

Same-day processing is available for credit limit increases and card cancellations if requested before 2:00 PM¹. Lost cards can be blocked immediately through BPI's 24-hour contact centre.

One thing BPI gets right: no minimum employee requirements. You can issue just one corporate card if that’s all your business needs.

BPI Corporate Credit Card fees breakdown

Let’s talk numbers, because this is where things get interesting (and a little bit expensive). Here’s a breakdown of what you’ll actually pay:

*Details accurate as of 23rd September 2025.

The real cost of those “small” fees

Here’s where it gets painful. That 1.85% foreign currency transaction fee might seem negligible until you do the maths². If you’re spending PHP 50,000 monthly on foreign software subscriptions (like Shopify, Slack, Zoom), that’s PHP 925 just disappearing into fees every month.

The additional 1% cross-border PHP fee that kicked in during February 2024 makes it even worse. This applies to any PHP transaction processed by foreign merchants, which includes most of the software subscriptions Philippine businesses rely on daily.

BPI Annual corporate credit card fee

PHP 1,700 per year, per card². Not the end of the world for one card, but multiply that by your team size and it adds up. Five cards? That’s PHP 8,500 yearly before you even factor in transaction fees.

BPI calls their foreign transaction fees "competitive” compared to other banks. And that may be true. But next to the modern banking alternatives available to Philippine businesses, like Wise Business, it makes more sense for companies to check out the alternatives on the market to see what makes the most sense for their spending needs.

Card Management Benefits

Managing your BPI card is fairly simple, which means the fees take centre-stage when comparing the BPI corporate offering against competitors. Same-day processing is available for credit limit increases if requested before 2:00 PM. Cards can also be cancelled the same day upon company request. The automatic billing updater feature through Mastercard’s ABU service ensures seamless recurring payments.

Wise Business Card: A great corporate card for Philippine businesses

While BPI’s corporate card offers solid basic features, Philippine businesses dealing with international transactions or managing team expenses may find better value with Wise Business.

• Get your first Wise Business card for free when you open a Wise Business account.
• Give your team their own corporate debit cards to keep expense management clean.
• Receive instant spending notifications and track expenses in the Wise app.
• Approve payments, set spending limits, and freeze your card if you've lost it.
• Always get the mid-market rate with transparent conversion fees starting from 0.57%.
• Say goodbye to monthly fees and foreign transaction fees.

➡️Get your Wise Business Card today

How to apply for a BPI Corporate Credit Card

If you’ve weighed the costs and decided that BPI’s corporate card fits your business needs, here’s how to navigate the application process.

The application process must be initiated by your company rather than individual employees. This isn’t something you can do online like personal credit cards - it requires working directly with BPI's institutional banking team.

Required documentation and eligibility

Before starting the application, ensure your company meets these basic requirements:

• Registered or incorporated business entity in the Philippines
• Valid business registration documents
• Recent financial statements and tax returns
• Designated company administrator for card management

Step-by-step application process

1. Contact BPI’s institutional banking team - Reach out to BPI’s corporate banking division or visit a BPI branch to express interest in a corporate credit card program.
2. Submit initial company documentation - Provide business registration papers, recent audited financial statements, tax returns, and corporate authorisation documents.
3. Complete the corporate credit card application form - Fill out BPI’s corporate card application, designating which employees will receive cards and their respective credit limits.
4. Set up company policies and procedures - BPI requires your company to establish policies covering the Corporate Card Program, including cardholder agreements and usage guidelines.
5. Designate authorised company administrators - Appoint primary and alternate Card Administrators who will manage the program and handle inquiries.
6. Submit individual cardholder information - Provide details for each designated employee who will receive a card, including their personal information and assigned credit limits.
7. Credit assessment and approval - BPI reviews your company’s financial position and creditworthiness. This process can take several weeks, depending on the complexity of your business structure.
8. Receive cards and access to EDOL system - Once approved, cards are issued to designated employees and your company gains access to the Express Data Online expense management system.

Is the BPI Corporate Credit Card a good choice for Philippine businesses?

The BPI Corporate Credit Card does its job if you need basic business expense management and mostly operate within the Philippines. The Real 0% instalment feature is handy, and if you’re already deep in BPI's banking ecosystem, it might make sense to stick with what you know.

But there are some real downsides - namely, the high foreign transaction fees and the PHP 1,700 annual fee per card. Over the course of the year, that’s a lot of money incurred in fees.

If you’re ready to reduce your international transaction costs and streamline your team's expense management, consider exploring Wise Business for your financial setup.

➡️Get your Wise Business Card today.

Sources:

1 - BPI Corporate Credit Card

2 - BPI Credit Card Rates and Fees

3 - BPI Institutional Banking - Corporate Credit Card

Sources checked on 23rd September 2025.