Pilipinas to retain the existing ceilings on credit card transactions to give consumers continued access to credit card financing.
Meanwhile, the maximum processing fee on the availment of credit card cash advances stayed at P200.00 per transaction. The ceilings on credit card transactions are subject to review following a six-month period. CCAP, the umbrella organization of 17 credit card issuers, said it collaborated with the BSP in assessing the interest rate ceilings.