Best credit card Philippines

        Best credit card Philippines

You have been pondering on this thought: that you are ready to have a credit card or add one to your collection. Sure, we can't deny that a credit card is a form of a debt. But if you do have a solid plan on how to pay your credit card debt, there is no risk that is too huge.

₱500,000
Loan amount ₱10,000 - ₱500,000
Interest 1.8 %
Maturity 3 - 60 months

Fast information

Properties of this loan

  • Cash loan
  • Term 3 - 60 months

Loan requirements

  • Must be a Philippine citizen
  • Must have a Philippine mailing address and active local mobile number

About company

More information about the company Rizal Commercial Building Corporation (RCBC)

Borrow from ₱10,000 with interest from the 1.8 % Moread
₱500,000
Loan amount ₱1,000 - ₱500,000
Interest 4.5 %
Maturity 1 - 12 months

Fast information

Properties of this loan

  • Variety of credit cards
  • Term 1 - 12 months

Loan requirements

  • Must be a Philippine citizen
  • Must have a Philippine mailing address and active local mobile number

About company

More information about the company Metrobank Card Corporation Inc.

Borrow from ₱1,000 with interest from the 4.5 % Moread
₱500,000
Loan amount ₱1 - ₱500,000
Interest 5 %
Maturity 1 - 12 mnths

Fast information

Properties of this loan

  • Variety of credit cards
  • Secure and premium cards
  • Term 1 - 12 months

Loan requirements

  • Must be a Philippine citizen
  • If employed, must be at least two years permanent work status with one year tenure in current employer
  • Must have a Philippine mailing address and active local mobile number

About company

More information about the company Rizal Commercial Building Corporation (RCBC)

Borrow from ₱1 with interest from the 5 % Moread
₱500,000
Loan amount ₱1 - ₱500,000
Interest 5 %
Maturity 1 - 12 months

Fast information

Properties of this loan

  • Variety of credit cards
  • Personal and business credit cards
  • Term 1 - 12 months

Loan requirements

  • 18 + years old
  • Employed individuals and selected professionals
  • Filipino residents

About company

More information about the company Asia United Bank

Borrow from ₱1 with interest from the 5 % Moread

        Best credit card Philippines

Often, when many people opt to go for a credit card, the big decision is hardly making up their mind about whether they want a credit card or not. Usually, it is the confusion that lurks in when trying to choose one that will suit their financial needs.

Credit card comes in all kinds of features and benefits. You will come across no annual fee cards, low-interest cards, zero-percent monthly installment cards, rewards cards, balance transfer cards, travel cards, dining and shopping cards – the list goes on and on. With innumerable options available in the Philippines market, choosing the best credit card in Philippines can be confusing.

Pause. While you may have huge desire to get this shiny plastic card soonest, you don’t want to pick your option without deliberate thinking. You want to do your research and analyze the characteristics of every card you come across. Evaluate whether it would suit your lifestyle, if you can keep up with the repayments, and if you meet the necessary requirements.

And that's why you are here; to simplify things for you. Let's get right into it now.

To begin with...

Which is the Best credit card in Philippines?

It’s hard to answer this question in a straightforward way. That's because there are variety of credit cards in the Philippines market. Each credit card comes with different perks, privileges, and features. For you to find what would suit you, your budget, lifestyle, and spending choices will significantly influence your choices.

Apart from that, instinctively, you will want to go for the most rewarding credit cards. Credit cards that come with the huge rewards and perks, incentives, bonuses, an extended 0% interest period, cash advances and cash rebates.

Here are the top 5 credit cards in the Philippines we’ve hand-picked for you. You can’t go wrong with any of the following products:

Citi Rewards Credit Card

Minimum monthly income: PHP 20800.

Interest rate: 3.5% p.m.

Annual fee: PHP 2500.

If you shop, and dine on the go, Citi Rewards Credit from Citibank, is one of the credit cards in the Philippines to pick. It is one of the top credit cards in the Philippines. You will love this credit card because of its generous rewarding system. Plus, with a starting salary as low as PHP 20800, many Filipinos are eligible to apply for this credit card.

Apart from shopping and dining, you can use your Citi Rewards card to book flights, refuel your tank, or buy groceries.

Features and benefits:

Earn 3x reward points for every P30 spent on your card.

What you need:

(a) P180,000 if you already own another card.

(b) P250,000 if you are applying for the first time.

Documents needed:

Principal cardholders: A valid government ID.

Non principal cardholders:

  1. Government ID.
  2. Proof of income; ITR or payslip.
  3. bank statement.
  4. certificate of employment.

2. Metrobank World Mastercard

Minimum monthly income: PHP 416700.

Interest rate: 3.5%

Annual fee: PHP 6000 (zero fees for first year).

Live it the way you like it – that first-class lifestyle with the Metrobank World credit card. With this exclusive card, you can experience exclusive deals, discounts, and incentives being offered by premium brands, either locally or abroad. This card hands it all to you – spend on entertainment, dining, shopping, fuel, and travel – while earning reward points.

Features and benefits:

What you need to apply:

3. RCBC Bankard Black Card Platinum Mastercard

Monthly income requirement: PHP 41,667.

Interest rate: 3.5%.

Annual fee: PHP 3600.

RCBC bank offers a wide range of credit cards. Each comes with different perks, and features. While the choice of a card will all come down to your preferences and financial needs, we think you would like the RCBC bankard platinum credit card.

Features and benefits:

What you need to apply:

  1. Minimum monthly income requirement: Php41,667.
  2. Minimum age: 21 years of age.
  3. Valid ID and documents: government-issued ID; COE; payslip, proof of billing.

4. HSBC Red Mastercard

Min monthly income: Php 16,667

Interest rate: 3.5%.

Annual fee: Php 1,500

The HSBC Red Mastercard lets you shop, travel, buy groceries, and even re-fill your gas tank at participating Caltex stations. As an avid shopper, you will enjoy the exclusive deals and bonus this credit card offers. If you choose to go Red, the fees charged are friendly. You don’t get to pay the annual fee for the first year. The annual fee, interest rate, and the late payment charges are quite friendly.

Features and benefits:

What you need:

5. Security bank Gold Mastercard

Minimum monthly income: PHP 36,666.67

Interest rate: 3.5%.

Annual fee: PHP 2,500 after the first year.

The Gold Mastercard from Security Bank is meant to pay for shopping, dining, entertainment, groceries, utility bills, and travel. This card offers cash advance. You can get up to 30-50% cash advance of existing credit limit. The bank charges a fee of 5% or PHP500.

Features and benefits:

What you need:

6. EastWest Bank Platinum Card

Minimum monthly requirement: 150,0000

Annual Fee: Free for life.

Interest rate: 2.75%.

The EastWest Platinum credit card is an all purpose credit card: Pay for air travel tickets, shopping, dining, and groceries – on top of that, you get insurance coverage for spending on travel tickets.

Features and benefits:

Eligibility requirements:

Documents: TIN, SSS, GSIS No.

7. AUB Easy Mastercard

Minimum monthly salary: Php 50,000.

Interest rate: 2.25%

Annual fee: Free for life.

The AUB Gold mastercard is yet another low-interest credit card. It’s an around credit card. With this specific card, you can shop, dine, buy groceries, travel and fill up your car. Wherever you fall on this scale, the AUB Gold Mastercard got you covered. The AUB credit card gives you the freedom to choose when to pay for your card bills and how much you want to

Features and benefits:

What you need:

Which bank is best for credit card?

It is hard to give a direct answer to this question. Your choice would depend on your exact needs. Your interest could be a rewards cards, air miles cards, or fuel rebate. We have many banks in the Philippines offering credit card services. Every product is unique to the bank offering it. The requirements, perks, and interest charges offered by one credit card provider may widely vary from bank to bank.

Even so, it is correct to say that getting a credit card in the Philippines can be simpler with some banks than others.

That said, while there are many banks in the Philippines offering credit cards services, it is easier to get a card with the following banks:

1. Citi Bank

If you are an avid shopper, Citibank is the place to look. At Citi Bank, you can get credit cards for travel, shopping, rewards, and cash back.

There is so much to enjoy at Citibank, depending on your credit card preferences. You get to enjoy discounts, cash backs, air miles, VIP lounges, and earn reward points. Among their top credit cards include Citi Rewards card, Citi Simplicity+ card, Citi PremierMiles card,and Citi Cash Back Card.

Citi bank is one of the places to get a credit card with less hassle. The application process is quite straightforward.

Benefits:

Cons:

2. Bank of Commerce

If you want to go with a bank that has established reputation in the industry, the Bank of Commerce is one institutions to get check out it. It is one of the oldest banks in the country with experience spanning decades of years – the bank has offered financial services since 1963. It is possible almost every city you will travel in the Philippines, you will find a Bank of Commerce branch. It has around 125 branches worldwide.

Benefits:

3. HSBC

HSBC bank is yet another leading credit card provider in the Philippines. With their collection of cards, you get to enjoy exciting rewards and privileges. Apart from offering credit card services, the bank offers loans, investing, and insurances to Filipinos. The bank offers five different types of credit cards.

Benefits:

4. RCBC

RCBC is among the largest banks in the Philippines with over 332 branches and 1117 ATMs in operation. For three consecutive years, AsiaMoney has picked RCBC as the best domestic private bank in Ph. And World Finance has rated RCBC as the “Best Commercial Bank”. RCBC offers a wide range of credit cards, including premium cards, Gold and Classic cards, Co-branded cards, and Secured Card.

Benefits:

5. Eastwest

EastWest Bank is one of the largest financial institutions in the Philippines. It was among the first banks in the Philippines to integrate an online banking system to help serve Filipinos. Over the years, the bank has received several awards, best website award. Although research highlights that many Filipinos don’t have access to a bank account, EastWest bank is one of the banks with a wide-coverage. It has over 100 branches across the country with 145 ATMs.

EastWest offers around eight types of cards. Apply for cards dedicated to shopping and dining, entertainment and event, fuel rebates, travel. On top that, all the cards are affiliated with Mastercard except for one.

What is the best card for beginners?

The best credit card for beginners is probably a card with minimal requirements, a low APR, and minimal costs. Of course, such a card would come with exciting rewards, plus it is likely you will not require a credit history for you to qualify. Here are five best credit cards you can check out:

1. Citi Simplicity+ Card

Minimum monthly requirements: PHP 15,000

Interest rate: 2.5% p/m.

Annual fee: Free for life.

You don’t need to have a deposit account to get the city simplicity card.

Features and benefit:

Eligibility Requirements:

(a). P180,000 if you already own another card.

(b). P250,000 if you are applying for the first time.

Documents needed:

A valid government ID (For principal cardholders).

Non principal cardholders:

  1. Government ID.
  2. Proof of income; ITR or payslip.
  3. bank statement.
  4. certificate of employment.

2. Metrobank M Free Mastercard

Overview:

Month income requirement: Php15000.

Interest rate: 3.54%.

Annual fee: Free for life.

Metrobank M free credit card is one of the cards that will enable you to save as there is no payment of annual membership fees. Channel your savings to cover extra expenses without having to worry about end-of-year card.

For dining, shopping, travel, and other utilities like money management. With this credit card, you pay no annual fees as the provider has waived the fees for life.

Apart from waived fees, you are also eligible for exclusive discounts, deals, and freebies.

Features and benefits:

Enjoy no annual for life.

Transfer your balances to Metrobank credit card at a low interest rate, 0.68% p.m.

What you need:

Documents needed:

3. EastWest Bank Classic Visa

Minimum monthly requirements: PHP 15,000

Interest rates: 3.5% p.m.

Annual fee: PHP 1,500

Another credit card that is easy to apply for is the EastWest Bank Classic Card – the “No Frills credit card”.

Eligibility requirements:

Documents required:

4. Metrobank classic visa

Overview:

Minimum monthly requirement: PHP 1,500

Interest rate: 3.54% p/m.

Annual fee: PHP 1,500. Annual fee waived for the first year.

Metrobank offers a vast assortment of credit cards. The Classic visa is one of them. However

Features and benefits:

Requirements:

5. RCBC bankard myDream JCB

Overview:

Minimum monthly salary: PHP 15,000.

Interest rate: 2.9% p/m.

Annual fee: PHP 800.

RCBC bankard myDream JCB is yet another standard credit card that is easy to get approved. This card, offered by It charges a low interest at 2.9% per month, and the annual fee is waived for the first year.

Features and benefits:

Requirements:

• Be at least

Documents needed:

• None

Who has the lowest interest rate credit card?

In the Philippines, credit card can charge an interest rate ranging between 2%, and 3.5% per month. Low interest rate cards can have a variable rate starting as low as 1.6% per month. Some cards provide customers with introductory 0% interest rates for purchases made/ balance transfers. The 0% interest rate expires after a limited time, after which you are likely to start paying the standard interest rate.

Some cards can charge an interest rate as high as 3.5%. but if you look harder, you will find low interest rate credit cards. A low interest rate card will enable you to save money “on your credit card bills”.

A low interest card rate could enable you to save a few hundred pesos on your credit card debt. That’s because a lower percentage means only a small percentage goes into servicing your debt. Every new purchase you incur with your credit card, you pay lower payments to service the debt compared to what you would spend with standard credit cards.

“Interest payable towards your balance is lower compared to credit cards charging a high interest rate”.

Advantages: easier to manage your credit debt as your new purchases attract a less interest rate. Low annual fees for most credit cards.

Now, to answer the question, “who has the lowest interest rate card” – there is no specific answer to question. That’s because there many credit card providers offering low interest rates in the Philippines. Not only that, each individual card comes with different features. Best is relative. Your circumstances will determine which card you choose.

Here are five credit card providers with the lowest rates:

1. EastWest Priority Visa Infinite

Overview:

Minimum monthly requirement: You must meet the bank's "Total Relationship Balance".

Interest rate: 1.99%

Annual fee: Annual fee waived perpetually.

The major downside to this credit card is that only Exclusive clients can apply it. The credit card targets high-income clients. For you to qualify as a priority client, you need to meet the bank’s minimum “Total Relationship Balance”. That means: your combined deposits and investments with the bank should have a minimum value of PHP 2.5 million.

Features and benefits:

Requirements:

For you to get this credit card, you must:

Documents you need:

2. Bank of Commerce Platinum Mastercard

Overview:

Minimum monthly requirement: PHP 100,000.

Interest rate: 2.95% p.m.

Annual fee: Free for life.

Bank of Commerce Platinum Mastercard is yet another low interest card. With this particular card, you get to shop and dine at select dining and shopping outlets. Apart from shopping and dining, you can also use this card to spend on groceries, gas, and Air travel.

Features and benefits:

Requirements:

Documents:

3. Security Bank World Mastercard

Minimum monthly requirement: Php 250,0000.

Interest rate: 2.95%

Annual Fee: Php 5000.

There is so much you can do this low-interest credit card from Security Bank. From shopping, travel, dining, entertainment, shopping for groceries, and even ease of payment when it comes to utility bills. Although we did not mention this product in the best credit card list, this yet another you ought to review. The catch: it’s a low interest card.

Features and benefits:

Requirements:

Documents:

4. AUB GOLD mastercard

Overview:

Minimum monthly salary: Php 50,000.

Interest rate: 2.25%

Annual fee: Free for life.

The AUB Gold mastercard is yet another low-interest credit card. It’s an around credit card. With this specific card, you can shop, dine, buy groceries, travel and fill up your car. Wherever you fall on this scale, the AUB Gold Mastercard got you covered. The AUB credit card gives you the freedom to choose when to pay for your card bills and how much you want to

Features and benefits:

What you need:

Documents:

5. Metrobank M Lite Mastercard

Overview:

Minimum monthly salary: PHP 16700

Interest rate: 2.49% p.m.

Annual fee: PHP 1500.

With the Meterobank M Lite Mastercard you can shop and dine in many spot across the globe. That because

Metrobank M lite Mastercard lets you save on your balances as the card charges a low interest rate. As a cardholder, you will get to enjoy exclusive deals, gifts, and discounts.

Cash2Go feature allows to access fast cash “even when your credit limit is maxed out”.

Features and benefits:

1. Enjoy 0% monthly installment with a flexible payment scheme.

2. Enjoy multiple payment options.

3. Enjoy cool deals, special privileges, and discounts.

4. Card is integrated with EMV chip to secure it from fraud and being cloned.

5. Card comes with exclusive discounts, freebies, deals.

6. Conveniently pay bills using the Bill2Pay feature.

7. Balance transfer available at low interest rate; 0.68% p.m.

8. Free Accident and Medical insurance covers available.

9. Customer service hotline open 24 hours.

Requirements:

Documents:


Best credit card Philippines rating: 4.5/5 from 803 votes.
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