Change in Minimum Amount Due (MAD) rate for credit cards

In order to help you manage your finances and repay your balances faster, we have updated the computation of the Minimum Amount Due (MAD) for your credit card to 3.5% of the outstanding balance plus other amounts due or PHP 1,000 (for Peso denominated cards), USD 20 (for dollar denominated cards), whichever is higher. This will take effect on August 1, 2024.

MAD is computed as the sum of the following:

a. Outstanding balance (including monthly installment amortizations, if any) multiplied by 3.5%,
b. Any amount in excess of the approved credit limit, if any,
c. All past due amounts, if any

or

a required minimum amount imposed by Metrobank, whichever is higher.

Here are some scenarios that will help you understand the MAD better:

PESO Denominated Cards
Customer A-SOA with straight retail purchase only.

Credit Limit	PHP 26,000.00	Computation
a.) Outstanding Balance	PHP 10,000.00
b.) Overlimit Amount	PHP 0.00
c.) Past Due Amount	PHP 0.00
d.) Closing Balance	PHP 10,000.00	= (a)+(b)+(c)
e.) MAD Rate	3.5%
f. MAD Amount	PHP 350	= (a)*3.5%
Final MAD Amount	PHP 1,000	= PHP 1,000 or 3.5% of outstanding balance, whichever is higher for Peso account

Customer B-SOA has overlimit and past due amount.

Credit Limit	PHP 26,000.00	Computation
a.) Outstanding Balance	PHP 25,059.24
b.) Overlimit Amount	PHP 1,282.98
c.) Past Due Amount	PHP 940.76
d.) Closing Balance	PHP 27,282.98	= (a)+(b)+(c)
e.) MAD Rate	3.5%
f. MAD Amount	PHP 877.08	= (a)*3.5%
Final MAD Amount	PHP 3,100.82	= (f)+(b)+(c)

DOLLAR Denominated Card
Customer A – SOA with straight retail purchase only

Credit Limit	USD 1,000.00	Computation
a.) Outstanding Balance	USD 120.00
b.) Overlimit Amount	USD 0.00
c.) Past Due Amount	USD 0.00
d.) Closing Balance	USD 120.00	= (a)+(b)+(c)
e.) MAD Rate	3.5%
f. MAD Amount	USD 4.20	= (a)*3.5%
Final MAD Amount	USD 20.00	= USD 20 or 3.5% of outstanding balance, whichever is higher for Dollar account

Customer B – SOA has overlimit and past due amount

Credit Limit	USD 1,000.00	Computation
a.) Outstanding Balance	USD 940.76
b.) Overlimit Amount	USD 282.98
c.) Past Due Amount	USD 59.24
d.) Closing Balance	USD 1,282.98	= (a)+(b)+(c)
e.) MAD Rate	3.5%
f. MAD Amount	USD 32.93	= (a)*3.5%
Final MAD Amount	USD 375.15	= (f)+(b)+(c)

How much are late payment fees?

Late payment fee is PHP 1,000 (for Peso denominated cards), USD 20 (for dollar denominated cards) or the unpaid MAD, whichever is lower. This will only be charged if the MAD is not settled on or before the due date.

For more information, call us via our Customer Service Hotline at (02) 88-700-700.

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Frequently Asked Questions

• Why are you changing the MAD?
  The revision of the MAD was made to help you manage your finances and repay your balances faster.

• Who are affected by this change?
  All Metrobank cardholders.

• How is the new MAD computed?
  Please refer to the illustration above for the detailed computation of the MAD. Your MAD will be indicated in your monthly Statement of Account (SOA).

• Is the MAD all I have to pay each month?
  You have the option on how much you will pay per month. You can choose to make a full or partial payment of amounts outstanding, or just pay the Minimum Amount Due. By paying in full on or before the due date, you will not incur any finance charge. However, if you choose to pay only the MAD or any amount less than the total amount due, you will incur finance charges and it will take you longer to repay your balance. Please note that if you pay less than the MAD, your account will be charged with both finance and late charges.

• What will happen if I do not pay the MAD?
  A late payment fee will be charged to your account on your next bill. This is equal to PHP 1,000 (for Peso denominated cards), USD 20 (for dollar denominated cards) or the unpaid MAD, whichever is lower. Note that you will still be liable for the finance charges that you have incurred on your outstanding balance.