The Bangko Sentral ng Pilipinas' Monetary Board has recently approved the 24% annual interest rate ceiling, or 2% monthly, on all credit card charges. Yesterday, I announced the ceiling on interest or finance charges for credit card receivables, which should not exceed two percent per month. Read more in our articles including "Bangko Sentral ng Pilipinas puts ceiling on credit card charges" and "HONOR 600 series launched, priced in the Philippines".
The Bangko Sentral ng Pilipinas’ Monetary Board has recently approved the 24% annual interest rate…
Sep 26, 2020
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May 14, 2026The Bangko Sentral ng Pilipinas' Monetary Board has recently approved the 24% annual interest rate ceiling, or 2% monthly, on all credit card charges. Yesterday, I announced the ceiling on interest or finance charges for credit card receivables, which should not exceed two percent per month.
Our coverage of Ceiling includes: "Bangko Sentral ng Pilipinas puts ceiling on credit card charges"; "HONOR 600 series launched, priced in the Philippines"; "Google unveils AI-powered pointer for Chrome". Each article provides unique insights and information.
Our article "Bangko Sentral ng Pilipinas puts ceiling on credit card charges" published on September 26, 2020 covers the latest information about Ceiling. Check it out for the most current details.