The Bank of the Philippine Islands (BPI) revamped its current Amore Visa credit cards to BPI Amore Cashback and BPI Amore Platinum Cashback cards. The bank aims to enable more Filipinos to make online and in-store shopping more convenient and rewarding with enhanced payback features.
According to the Credit Card Association of the Philippines, credit card billings growth declined in 2020 across the industry due to the effects of the pandemic. As for the top three segments where credit cards were used, these included supermarkets, micropayments such as transportation and fast-food restaurants, and electronics.
BPI also noted that its customers are shopping more online and spending more on essentials. The bank sees this trend to most likely continue until 2021 and the years to come.
“The pandemic has resulted in certain challenges for Filipinos and BPI customers. We revamped the BPI Amore credit cards to let customers enjoy safe and secure cashless transactions while giving them the added value of cash rebates whenever and wherever they spend. These are the card features that are truly relevant and helpful at a time like this,” says Jenny Lacerna, group head of BPI unsecured lending and cards—product and sales.
Rewarding and safe
The BPI Amore Cashback card allows its cardholders to enjoy cashback for their day-to-day purchases, whether in-store or online. For every P1,000 worth of local spend anywhere, cardholders may get four percent cashback from supermarkets, 1 percent from drugstores and utilities, and 0.3 percent from another local spend.
True to its beginnings as a co-branded credit card with Ayala Malls, BPI Amore Cashback cardholders will continue to enjoy exclusive Ayala Malls privileges, such as free unlimited access to Ayala Malls’ Customers and Family Lounges.
BPI Amore Platinum Cashback cardholders can get four percent cashback from restaurants and food deliveries; 1 percent from supermarkets, department stores, and other retail stores; and 0.3 percent from other purchases, for every P1,000 worth of spending anywhere, be it here or abroad. They also get exclusive Ayala Malls privileges, including a five percent discount on their movie ticket, free unlimited access to Ayala Malls’ Customer and Family Lounges, and six complimentary parking tickets.
Cashless transactions and digital payments are seen as a safer way to help stop the spread of COVID-19. The revamped BPI AMORE Cashback cards are accepted by most online merchants, enabling safe and contact-free shopping at the comfort of one’s home. Customers can also tap or swipe the cards themselves at in-store credit card terminals to minimize physical contact when they need to go out to purchase essentials.
