AUB Credit Cards does not charge interest on new purchases made after the statement cut-off even if only the minimum amount due was settled on the previous month's balance.
FAQs
How does No Interest on New Purchases work?Easy/Classic
Given:
| Credit Limit: | Php15,000 |
| Statement Date: | June 10 |
| Previous Balance: | Php10,000 |
| Due Date: | July 1 |
| New Purchase: | Php2,000 (June 12) |
| Minimum Amount Payment: | Php1,500 (July 1) |
| Interest Rate: | 2% |
AUB Credit Cards
NO INTEREST ON NEW PURCHASES
How to compute:
{(10,000 x 20 days)
+ [(10,000 – 1,500) x 10 days]}
÷ 30 days
ADB = Php9,500.00
20 days = Day after Statement Date to Day before Payment (June 11 – June 30)
10 days = Payment Date to Statement Date (July 1 – July 10)
ADB x Monthly Interest Rate
Php9,500.00 x 2%
Interest Charge = Php190
Note: New purchase amount of Php2,000 is not included in the ADB computation.
Gold/Platinum
Given:
| Credit Limit: | Php200,000 |
| Statement Date: | June 10 |
| Previous Balance: | Php100,000 |
| Due Date: | July 1 |
| New Purchase: | Php30,000 (June 12) |
| Minimum Amount Payment: | Php20,000 (July 1) |
| Interest Rate: | 2% |
AUB Credit Cards
NO INTEREST ON NEW PURCHASES
How to compute:
{(100,000 x 20 days)
+ [(100,000 – 20,000) x 10 days]}
÷ 30 days
ADB = Php93,333.33
20 days = Day after Statement Date to Day before Payment (June 11 – June 30)
10 days = Payment Date to Statement Date (July 1 – July 10)
ADB x Monthly Interest Rate
Php93,333.33 x 2%
Interest Charge = Php1,866.67
Note: New purchase amount of Php30,000.00 is not included in the ADB computation.
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For inquiries, concerns and complaints, you may contact AUB Customer Service at (632) 8282-8888 or send an email to creditcards@aub.com.ph.
AUB is regulated by the Bangko Sentral ng Pilipinas.
https://www.bsp.gov.ph/
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