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iO by BCP Refiere y Gana review

Updated September 28, 2026 · DebitCue Editorial Team · Facts checked September 26, 2026

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Our verdict

iO by BCP Refiere y Gana suits Peru-based users who want cashback with no annual fee and want to manage everything in an app. Rewards run at 1% cashback on all purchases, unlimited, but the 33% to 111.9% and 3% make it a weak fit for revolving balances or overseas spending.

Key facts

Best for
Peru-based users who want cashback without an annual fee and prefer managing the card in an app.
Annual fee
PEN 0 (Source, checked September 26, 2026)
APR
33% to 111.9% (Source, checked September 26, 2026)
Currency conversion fee
3% (Source, checked September 26, 2026)
Rewards type
Cashback (Source, checked September 26, 2026)
Rewards rate
1% cashback on all purchases, unlimited (Source, checked September 26, 2026)
Perks
Up to S/80 cashback on first purchases (25% cashback promo), Google Pay and Apple Pay compatible, Seguro de desgravamen 0.3% of average daily balance, capped at S/20 per month, Spending categorisation in the app, Levels programme with extra benefits by usage, No branch visits required, card obtained in the app (Source, checked September 26, 2026)
Cashback rate
1% (Source, checked September 26, 2026)
Card kind
Credit (Source, checked September 26, 2026)
Legal entity
Banco de Credito del Peru (Source, checked September 26, 2026)
Headquarters
Peru (Source, checked September 26, 2026)
Support channels
Email, Chat, Phone, Help-centre (Source, checked September 26, 2026)
Pricing model
No annual fee
Features
Rewards
Official website
io.pe

Apps and profiles

Elsewhere
LinkedIn

Pros and cons

Pros

  • Cashback of 1% cashback on all purchases, unlimited on all purchases, with unlimited rewards.
  • Annual fee is PEN 0, making the card attractive for users avoiding recurring card fees.
  • The card is obtained in the app and no branch visits are required.
  • Support is available through email, chat and phone.

Cons

  • The APR is 33% to 111.9%, which is high for a credit card.
  • Currency conversion costs 3%, a disadvantage for frequent international spending.
  • The card is issued as credit, so it is not a debit or prepaid card.

Ready to try iO by BCP Refiere y Gana?

Scored 8.7 / 10 by DebitCue.

See alternatives

Who it suits

  • Peru-based users who want cashback on purchases.
  • Users comfortable managing a credit card through an app.
  • People who want Google Pay and Apple Pay compatibility.

Who should look elsewhere

  • Varo Believe Secured Credit Card may suit users considering a secured credit card instead of an unsecured credit card.
  • Chime Card (Secured Visa Credit Card) is the alternative to consider if secured credit is preferred.
  • Bitpanda may be preferable for users who want a different provider and currency context.

Fees and currency costs

The credit card has an annual fee of PEN 0. Its APR is 33% to 111.9%, which is a significant borrowing cost for anyone who does not pay balances in full. Currency conversion costs are 3%, so the card may be less suitable for frequent overseas spending. The rewards rate is 1% cashback on all purchases, unlimited, with a cashback rewards type of cashback.

Who runs it

The card is run by Banco de Credito del Peru, with a headquarters country of PE. Customer support is available through email, chat and phone, including email, chat, phone and a help centre. The card can be obtained in the app, and no branch visits are required. The app provides spending categorisation and access to the card's rewards features.

How iO by BCP Refiere y Gana compares

Where iO by BCP Refiere y Gana is available

Available
Peru

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What cashback does iO by BCP Refiere y Gana offer?+

iO by BCP Refiere y Gana offers 1% cashback on all purchases, unlimited as cashback on purchases. The rewards type is cashback, and the app also includes spending categorisation and a levels programme with extra benefits by usage.

What are the main costs?+

The annual fee is PEN 0 for the credit card. Its APR is 33% to 111.9%, so borrowing costs should be checked carefully before balances are carried or revolving credit is used.

Is there a currency conversion fee?+

Currency conversion costs are 3%, and that rate ranks at 147 among 181 brands. For a card built around local spending, it means overseas purchases cost more than with a card carrying a lower conversion fee.

Who runs the card and how can customers get help?+

The legal entity behind the card is Banco de Credito del Peru, and its headquarters country is PE. Support runs through email, chat and phone, so help is available by email, chat and phone as well as in the help centre.

How does the card work in practice?+

The card is obtained in the app, and no branch visits are required. The app also supports spending categorisation, while Google Pay and Apple Pay compatibility is listed among the card features.

Is this a credit, debit or prepaid card?+

iO by BCP Refiere y Gana is a credit card rather than a debit or prepaid card. It is aimed at users who want cashback rewards and do not mind using credit.

Sources

  • io.pe checked September 26, 2026

    Backs: Cashback rate, Perks, Rewards type

  • io.pe/nuestra-app checked September 26, 2026

    Backs: Rewards rate

  • io.pe/politicas-privacidad checked September 26, 2026

    Backs: Headquarters, Legal entity

  • io.pe/preguntas-frecuentes checked September 26, 2026

    Backs: Support channels

  • io.pe/tarjeta-de-credito checked September 26, 2026

    Backs: Annual fee, APR, Card kind, Features, Currency conversion fee, Pricing model

    “Costo de membresia anual S/ 0.00 - No cobramos membresia mensual, ni anual.”

Compiled from 5 source pages, checked September 26, 2026. We did not open an account.

Related by the facts

iO by BCP Refiere y Gana

Peru-based users who want cashback without an annual fee and prefer managing the card in an app.

8.7/10See alternatives