Credit Card Master Card E-Credit Terms and Condition

TERMS AND CONDITIONS COVERING THE ISSUANCE AND USE OF
THE BPI E-CREDIT ACCOUNT

1.
BPI E-CREDIT ACCOUNT - The BPI E-Credit Account is a form of credit card account that has no physical presence. It is a payment mechanism for making transactions in virtual payment environments such as the Internet and mobile telephony (WAP). The BPI E-Credit Account is essentially a BPI MasterCard account number issued to a BPI MasterCard Cardholder solely for use in remote payment environments. The BPI E-Credit Account will be issued through a Reference Device. The device will carry information similar to a physical card. However, the Reference Device can not be used for purchasing in the physical environment or over the counter transactions that will require presentation of a physical credit card.

This new account is linked to the BPI MasterCard credit card's Regular Limit. A pre-assigned sub-limit linked to the BPI MasterCard's Regular Limit will be issued. Whenever the sub-limit is used, the corresponding amount is also reduced in the BPI MasterCard's Regular Limit. The Cardholder has the option to increase or decrease the pre-assigned sub-limit with a maximum cap equivalent to his/her existing Regular Credit Limit. However, the Cardholder hereby holds BPI Card free and harmless from any liability in such events where the credit limit of the BPI E-Credit Account has been hacked or copied fraudulently after the Cardholder initiates any credit limit adjustments.

2.
CARDHOLDER RESPONSIBILITY - The Cardholder agrees to be bound to the terms and conditions of the BPI E-Credit Account upon enrollment and/or receipt and/or use of the BPI E-Credit Account. The BPI E-Credit Account number is strictly confidential and the Cardholder agrees not to disclose this to any person. Any and all transactions done using the BPI E-Credit account number shall be conclusively presumed to be made or authorized by the Cardholder.

3.
CARDHOLDER LIABILITY - The Cardholder's liability to BPI Card is absolute. The existence of any claim or dispute between the Cardholder and any accredited establishment shall not affect the Cardholder's obligation to pay the purchases, availments and cash advances together with all interest, penalties, fees and other charges incurred thereon, if any, arising from the use of the BPI E-Credit Account.

4.
LOSS OF BPI E-CREDIT ACCOUNT NUMBER - The Cardholder agrees to immediately report to BPI Card in writing the loss or theft of the BPI E-Credit Account number, it's Reference Device or any device from which the BPI E-Credit Account number has been printed. Only transactions made after the receipt of the said written report shall be covered by BPI Card's Lost Card Insurance.

5.
SINGLE PURCHASE LIMIT FOR INTERNET PURCHASES - The Single Purchase Limit for Internet Purchases is the maximum cap that a Cardholder may spend using his/her BPI E-Credit Account. The Single Purchase Limit is/will be set by BPI Card. In the event that the Internet transaction has been disapproved because of the Single Purchase Limit, the Cardholder hereby holds BPI Card free and harmless from any liability arising from such transaction.

6.
ACCREDITED INTERNET ESTABLISHMENT - Upon execution of the agreement that BPI Card has entered into with MasterCard, the BPI E-Credit Account will be accepted at all MasterCard accredited Internet establishments worldwide. However, BPI Card is not responsible/liable to the Cardholder, if for any reason(s), the BPI E-Credit Account is not honored or accepted.

7.
CHARGE SLIPS AND SALES SLIPS FOR INTERNET TRANSACTIONS - For transactions using the BPI E-Credit Account, the Cardholder will not require BPI Card and the accredited Internet merchants of MasterCard to issue a charge/sales slip for any and all type of Internet transactions. Hence, the Cardholder acknowledges that the presentation of the charge/sales slips to prove the transactions/availments in the Statement of Account is not required.

8.
ERRORS OR DISPUTES ON STATEMENT OF ACCOUNT - The entries in the Statement of Account are presumed true and correct unless the Cardholder notifies BPI Card in writing of any error thereon fifteen (15) days from Statement Date. If no error is reported within said period, the entries in the Statement of Account are conclusively presumed to be true and correct.

I hereby agree to be governed by the terms and conditions covering the issuance and use of the BPI E-credit account. I hereby also acknowledge to have read and fully understood the said terms and conditions.

I Agree
I Disagree

Member PDIC: Bank of the Philippine Islands

TERMS AND CONDITIONS COVERING THE ISSUANCE AND USE OF THE BPI E-CREDIT ACCOUNT
1.	BPI E-CREDIT ACCOUNT - The BPI E-Credit Account is a form of credit card account that has no physical presence. It is a payment mechanism for making transactions in virtual payment environments such as the Internet and mobile telephony (WAP). The BPI E-Credit Account is essentially a BPI MasterCard account number issued to a BPI MasterCard Cardholder solely for use in remote payment environments. The BPI E-Credit Account will be issued through a Reference Device. The device will carry information similar to a physical card. However, the Reference Device can not be used for purchasing in the physical environment or over the counter transactions that will require presentation of a physical credit card. This new account is linked to the BPI MasterCard credit card's Regular Limit. A pre-assigned sub-limit linked to the BPI MasterCard's Regular Limit will be issued. Whenever the sub-limit is used, the corresponding amount is also reduced in the BPI MasterCard's Regular Limit. The Cardholder has the option to increase or decrease the pre-assigned sub-limit with a maximum cap equivalent to his/her existing Regular Credit Limit. However, the Cardholder hereby holds BPI Card free and harmless from any liability in such events where the credit limit of the BPI E-Credit Account has been hacked or copied fraudulently after the Cardholder initiates any credit limit adjustments.
2.	CARDHOLDER RESPONSIBILITY - The Cardholder agrees to be bound to the terms and conditions of the BPI E-Credit Account upon enrollment and/or receipt and/or use of the BPI E-Credit Account. The BPI E-Credit Account number is strictly confidential and the Cardholder agrees not to disclose this to any person. Any and all transactions done using the BPI E-Credit account number shall be conclusively presumed to be made or authorized by the Cardholder.
3.	CARDHOLDER LIABILITY - The Cardholder's liability to BPI Card is absolute. The existence of any claim or dispute between the Cardholder and any accredited establishment shall not affect the Cardholder's obligation to pay the purchases, availments and cash advances together with all interest, penalties, fees and other charges incurred thereon, if any, arising from the use of the BPI E-Credit Account.
4.	LOSS OF BPI E-CREDIT ACCOUNT NUMBER - The Cardholder agrees to immediately report to BPI Card in writing the loss or theft of the BPI E-Credit Account number, it's Reference Device or any device from which the BPI E-Credit Account number has been printed. Only transactions made after the receipt of the said written report shall be covered by BPI Card's Lost Card Insurance.
5.	SINGLE PURCHASE LIMIT FOR INTERNET PURCHASES - The Single Purchase Limit for Internet Purchases is the maximum cap that a Cardholder may spend using his/her BPI E-Credit Account. The Single Purchase Limit is/will be set by BPI Card. In the event that the Internet transaction has been disapproved because of the Single Purchase Limit, the Cardholder hereby holds BPI Card free and harmless from any liability arising from such transaction.
6.	ACCREDITED INTERNET ESTABLISHMENT - Upon execution of the agreement that BPI Card has entered into with MasterCard, the BPI E-Credit Account will be accepted at all MasterCard accredited Internet establishments worldwide. However, BPI Card is not responsible/liable to the Cardholder, if for any reason(s), the BPI E-Credit Account is not honored or accepted.
7.	CHARGE SLIPS AND SALES SLIPS FOR INTERNET TRANSACTIONS - For transactions using the BPI E-Credit Account, the Cardholder will not require BPI Card and the accredited Internet merchants of MasterCard to issue a charge/sales slip for any and all type of Internet transactions. Hence, the Cardholder acknowledges that the presentation of the charge/sales slips to prove the transactions/availments in the Statement of Account is not required.
8.	ERRORS OR DISPUTES ON STATEMENT OF ACCOUNT - The entries in the Statement of Account are presumed true and correct unless the Cardholder notifies BPI Card in writing of any error thereon fifteen (15) days from Statement Date. If no error is reported within said period, the entries in the Statement of Account are conclusively presumed to be true and correct.
	I hereby agree to be governed by the terms and conditions covering the issuance and use of the BPI E-credit account. I hereby also acknowledge to have read and fully understood the said terms and conditions.