Manila, Nov. 12 -- The Bangko Sentral ng Pilipinas (BSP) has maintained the 3% monthly cap on finance charges for credit card loans while introducing adjustments to other credit card fees to provide issuers with greater flexibility amid rising operating costs.

Under BSP Circular No. 1242, issued on November 10, 2026, the monthly add-on rate ceiling for credit card installment loans has been increased from 1% to 1.5%. Meanwhile, the maximum one-time processing fee for cash advances has been raised from PHP200 to PHP300.

The new adjustments will take effect 15 calendar days after the circular's publication in the Official Gazette or a newspaper of general circulation. The revised ceilings will apply only to new transactions entered into f...