Credit Card Interest Calculator Philippines 2026: BSP Rate
Credit card debt is one of the most expensive forms of borrowing in the Philippines. With monthly interest rates of up to 2% (capped by BSP Circular 1098), a ₱20,000 balance can balloon to over ₱35,000 if you only pay the minimum due each month. The Credit Card Interest Calculator Philippines 2026 shows you exactly how long it will take to pay off your balance and how much interest you'll pay in total, at both your planned payment amount and the minimum payment. Use this to decide how aggressively to pay down your credit card debt versus other financial priorities.
Calculator
How It Works
- 1
Enter your current outstanding credit card balance.
- 2
Select your card's monthly interest rate (BSP-capped at 2% for most Philippine cards).
- 3
Enter how much you plan to pay monthly.
- 4
The calculator simulates month-by-month balance reduction.
- 5
Compare your payment plan against paying only the minimum due.
- 6
If your monthly payment is less than the interest charged, the balance will never be paid off.
Frequently Asked Questions
The Bangko Sentral ng Pilipinas (BSP) capped credit card interest rates at 2% per month (24% per year) under BSP Circular 1098 issued in 2020. Finance charges and other fees are separate from the interest rate cap.