Now that more Filipinos are turning to cashless payments, having a credit card is no longer just a status symbol but a necessity. Credit cards make payments more convenient, safe, and budget-friendly. They can also help you manage your finances, as long as you get the right one and use it responsibly. If getting your finances in order is one of your goals, you must find the best credit card that suits your needs. Here's a comprehensive list of the best credit cards in the Philippines in 2024 for different spending categories. There's no single credit card that works best for everyone. Your choice would still depend on your budget, needs, lifestyle, spending habits, priorities, and preferences. Moreover, each credit card is made for a specific type of cardholder. Consider these important factors so you can easily trim down your choices and decide on the best credit card in the Philippines to get. You should first check the eligibility and documentary requirements for the credit cards you're considering. For example, if you're earning below the minimum income requirement of a particular card you like, chances are the bank won't approve your application. Pay close attention to the annual fee, late payment fee, and overlimit fee. If you plan to use a credit card abroad, you must also look at the foreign currency transaction fee. These credit card fees may seem small but they add up over time. To save money, compare the fees and charges of different credit cards and choose the one that offers the best features with the lowest fees. Ideally, get a no annual fee for life credit card in the Philippines—it can save you up to ₱6,000 a year. Look for credit cards that offer the most attractive deals, such as rewards, rebates, discounts, and freebies for the categories you spend on the most, like dining, groceries, fuel, online purchases, and more gadgets. Find out how much and how fast you can earn such perks. This way, you can fully enjoy the benefits of a credit card. Because aside from payment convenience, that's what credit cards are for, right? Here's a quick look at some of the best credit cards in the Philippines: UnionBank Rewards Credit Card Rewards Metrobank Platinum Mastercard® Dining HSBC Platinum Visa Rebate Travel Security Bank Complete Cashback Mastercard Cashback BPI Rewards Card Beginners Petron BPI Card Fuel Purchases and Auto Services UnionBank Lazada Credit Card Online Shopping For more details and credit card options, keep reading! Looking for a credit card with a low income requirement, a low annual fee, and flexible installment plans? The BPI Rewards Card is the sensible choice for beginners. It’s also the best credit card in the Philippines this 2024 for newbies who want to earn rewards. For every ₱35 you spend, you earn 1 BPI point. You can redeem those points for air miles, gift vouchers, and shopping credits. For a first credit card, you want something that has a low income requirement and annual fee but all the excellent perks and benefits. You can get all that with the PNB Essentials Mastercard, which lets you earn rewards points for all your purchases. If shopping abroad, you also get billed in peso. Moreover, all supplementary cards have no annual fees for life. All AUB credit cards' annual fees are waived for life. Although the AUB Classic Mastercard has a relatively higher income requirement than most beginner credit cards, it's still one of the most flexible options out there in terms of monthly payment frequency, due date, and minimum amount due. Read more: Do More with Your Card: Top AUB Credit Card Promos This 2024 If you're looking for the best credit card to earn rewards, the UnionBank Rewards Credit Card is a foolproof option. Love traveling, shopping, and exploring new cuisines? You can earn 3x non-expiring reward points when you shop and dine here and abroad. Plus, you earn one non-expiring reward point for every other spend. Use your accumulated points to redeem merchandise, cash credits, points transfers, and other rewards. Read more: UnionBank Credit Card Promos for New Cardholders, Travelers, and More Eligible card: Any UnionBank credit card Promo period: Until March 31, 2024 Get a pair of Apple AirPods 2 worth ₱8,490, a JBL Tune 720BT worth ₱4,699, or a Giftaway eGift worth ₱4,000! Just apply for any UnionBank credit card via Moneymax,get approved within the promo period, and then meet the ₱10,000 spend requirement within 60 days from your card approval date. This Moneymax UnionBank welcome gift promo runs until March 31, 2024 only. Per DTI Fair Trade Permit No. FTEB-187582 Series of 2024. Note: The promo is exclusive to carded applicants who do not have an existing principal credit card issued by UnionBank and/or Citi. If you frequently shop online, the Metrobank Titanium Mastercard® will make the experience not just convenient but also secure. For instance, the card comes with e-commerce protection, which provides insurance coverage for your items in case they get lost or damaged. This feature even applies to international purchases. The Metrobank Titanium Mastercard® is the best credit card in the Philippines for those who usually pay for big-ticket purchases. It comes with 0% interest installment plans, which you can use for tuition and hospital bills.What is the Best Credit Card in the Philippines?
3 Things to Consider When Choosing the Best Credit Card
👉 Minimum Income and Other Requirements
👉 Credit Card Fees and Charges
👉 Credit Card Rewards, Cashback, and Other Perks
Credit Card Best For Key Features Best Credit Cards in the Philippines for Beginners
💳 BPI Rewards Card
💳 PNB Essentials Mastercard
💳 AUB Classic Mastercard
Best Rewards Credit Cards in the Philippines
🎁 UnionBank Rewards Credit Card
🎁 Free Gift from Moneymax: E-Gift, Wireless Earbuds, or Headphones!
🎁 Metrobank Titanium Mastercard®
🎁 Free Gift from Moneymax: ₱2,500 eGift, Xiaomi Redmi Soundbar, or JBL Wave Beam True Wireless Earbuds
Eligible cards: Metrobank Titanium Mastercard®, Platinum Mastercard®, and World Mastercard®
Promo period: Until March 15, 2024
How do you get a Metrobank credit card welcome gift? Simple! Just apply and get approved for any eligible card through the Moneymax website.
Choose from a ₱2,500 eGift voucher via Giftaway, a Xiaomi Redmi Soundbar worth ₱2,499, or JBL Wave Beam True Wireless Earbuds worth ₱3,799 as your free special gift.
This Moneymax Metrobank eGift/Xiaomi/JBL promo runs until March 15, 2024 only. So hurry and apply now!
Per DTI Fair Trade Permit No. FTEB-184526 Series of 2024. Terms and conditions apply.
Note: Applicant must be an existing credit cardholder in good standing for at least nine months.
🎁 HSBC Red Mastercard
- Rebates:
- 5% rebate on dining all year round
- 1% rebate on department store spend and overseas transactions in select months
- 0.50% rebate on all other transactions all year round
- 6% rebate on the first Caltex fuel purchase plus a 3% fuel rebate all year round
- Annual fee: ₱2,500 (waived for the first year)
- Interest rate: 3%
- Minimum monthly income requirement: ₱16,667
HSBC offers a high cashback rate of 5% on dining transactions with its Gold Visa Cash Back card. It also lets you earn rebates when you gas up at Caltex. And with its installment plan, you can buy gadgets, furniture, and appliances while earning bonus points.
🍽️ BPI Amore Platinum Cashback Card
- Rebates:
- 4% cashback on dining and online delivery
- 1% cashback on supermarkets and department stores
- Up to 0.3% cashback on other international and local retail purchases
- Annual fee: ₱5,000 (waived for the first year)
- Interest rate: 3%
- Minimum monthly income requirement: ₱83,333
Love discovering new restaurants? Use a BPI Amore Platinum Cashback Card to earn as much as 4% cashback on restaurants and online food deliveries—whether you're dining locally or internationally!
This premium cashback card also comes with Ayala Mall perks. These include complimentary parking tickets (as a welcome gift), access to family and customer lounges, and a 5% discount on movie tickets.
Best Credit Cards in the Philippines for Installment Payments
💻 AUB Gold Mastercard
- Installment terms: 0% interest on new purchases
- Interest rate: 3%
- Other notable perks:
- Rewards points are transferable to Mabuhay Miles Frequent Flyer Program
- Supplementary cards with no annual fees forever
- Annual fee: No annual fees forever
- Minimum monthly income requirement: ₱50,000
The AUB Gold Mastercard entitles you to 0% interest on new purchases. Also, another of the most appealing features of the AUB Gold Mastercard is that its membership fee is waived for life. You also get to choose your payment due date, giving you more control over your monthly budget.
Learn more about the AUB Gold Mastercard in this review.
💻 RCBC Gold Mastercard
- Installment terms: Unli-installment where you can convert your straight purchases to installments for up to 36 months
- Other notable perks:
- Non-expiring rewards points
- Free travel insurance
- Access to Marhaba or Skyview Airport lounge
- Interest rate: 3%
- Annual fee: ₱3,000 (waived for the first year)
- Minimum monthly income requirement: ₱50,000
The Gold Mastercard allows you to convert your straight purchases to installments for up to 36 months. You can exchange the non-expiring points you earn from your purchases for cash rebates, air miles, shopping vouchers, and cash credit.
💻 RCBC Visa Infinite Card
- Installment terms: Unli-installment where you can convert your straight purchases to installments for up to 36 months
- Other notable perks:
- 100,000 rewards points for first-time RCBC credit cardholders
- 5x rewards points for online and international in-store purchases
- 3x rewards points for local online purchases
- Access to world-class airport lounges
- Up to nine free supplementary cards
- Interest rate: 3%
- Annual fee: ₱6,000 (waived for the first year)
- Minimum monthly income requirement: ₱300,000
The RCBC Visa Infinite Card offers a rewarding spending experience. It’s perfect for cardholders who always pay in installments since this card has an unli-installment feature.
Get peace of mind whenever you shop online with this card’s e-Commerce Purchase Protection. With this feature, your online purchases with your RCBC Visa Infinite card are covered in case of damage, loss, and non-delivery.[1]
Read more: Thrilling Rewards for You: 16 Best RCBC Credit Card Promos for 2024
💻 Robinsons Bank DOS Mastercard
- Installment terms: Two-month installment for purchases
- Interest rate: 3%
- Other notable perks:
- 1 point for every ₱50 spend
- Waive your annual fees if you use use your card at least 12 times a year.
- Annual fee: ₱3,000
- Minimum monthly income requirement: ₱15,000 for single cardholders / ₱20,000 for married cardholders
Automatically convert your Robinsons Dos Mastercard purchase into two monthly installments without calling or emailing customer care. The great thing about this credit card feature is that you don’t need to meet a minimum spend, and the installment plan has no additional interest.
You can also waive your annual fees if you use your credit card at least 12 times a year.
Read more: Promo Alert: Don’t Miss These 10 Robinsons Bank Credit Card Promos
🛒 UnionBank Lazada Credit Card
- Rewards rates:
- ₱6 Lazada Credits per ₱200 spend at Lazada
- ₱1 Lazada Credit per ₱200 spend elsewhere
- Welcome gift: ₱5,000 Lazada Wallet Credits[2]
- Other notable perks:
- Free monthly shipping of up to ₱50 for a minimum purchase of ₱2,500
- Free discount vouchers worth ₱500 for a minimum purchase of ₱5,000 at Lazada during its Mega Sales (birthday sale, mid-year sale, 9.9, 11.11. 12.12)
- Annual fee: ₱3,000 (waived for the first year)
- Interest rate: 3%
- Minimum monthly income requirement: ₱30,000
The first e-commerce credit card in the Philippines, the UnionBank Lazada Credit Card provides a secure payment option for online purchases.
If you get approved for the UnionBank Lazada Mastercard, you'll receive a physical card for face-to-face, point-of-sale transactions and a virtual card (which you can access through the UnionBank Online app) with a different card number for online transactions.
This credit card for online shopping offers generous, exclusive shopping benefits to loyal Lazada customers. Read more about it in our Unionbank Lazada Credit Card review.
🛒 BPI eCredit Card
- Rewards rate: 1 point per ₱35 spend
- Annual fee: Free for life
- Interest rate: 3%
If you love to shop online, the BPI e-Credit Card is a must-have. It's a free companion card to your BPI credit card designed for online use and added security.
🛒 China Bank Prime Mastercard
- Rewards rates:
- 1 rewards point for every ₱25 spend
- 1 rewards point for every ₱200 spend at service merchants
- Other notable perks:
- China Bank credit card exclusive deals
- Companion virtual card
- Cimplimentary SMAC membership
- Annual fee: ₱1,500 (waived for the first year)
- Interest rate: 3%
- Minimum monthly income requirement: ₱20,833
With its reasonable annual fees and income requirement, the China Bank Prime Mastercard is another great option for online shopping credit cards.
It has a companion virtual card that you can use solely for online shopping. You can assign a sub-limit for a secure and more controlled shopping experience. Once you reach the required minimum accumulated spend, you're also entitled to a complimentary China Bank-SMAC membership.
Read more: Don’t Miss These 12 Exclusive China Bank Credit Card Promos This 2024
Best Credit Cards in the Philippines for Fuel Purchases and Auto Services
🚘 Petron BPI Card
- Rebates: 3% fuel rebate at participating Petron stations nationwide
- Other notable perks: Free ₱200 fuel voucher for first-time cardholders
- Annual fee: ₱1,550 (waived for the first year)
- Interest rate: 3%
- Minimum monthly income requirement: ₱15,000
The Petron BPI Card is the practical motorist's choice. Earn a 3% rebate on fuel, get a free ₱200 fuel voucher if you're a first-time cardholder, and convert your credit limit to cash in case of emergencies. You can also use this co-branded BPI credit card to avail of 0% interest installment plans.
🚘 Metrobank Toyota Mastercard®
- Rewards:
- 3% fuel rebate at participating Petron stations
- Other notable perks:
- 1 rewards point for every ₱20 spend
- 2x rewards points at your preferred Toyota dealer
- 10% discount at Toyota on accessories, parts, and labor
- 24/7 roadside assistance
- Annual fee: ₱2,500
- Interest rate: 3%
- Minimum monthly income requirement: ₱15,000
If you own a Toyota, then you should have a credit card that will complement your Toyota vehicle. Get the Metrobank Toyota Mastercard®, which you can use to earn 2x rewards points and enjoy a 10% discount on labor, parts, and accessories at Toyota dealerships. You also get 24/7 roadside assistance with this credit card and your Petron Value Card.
🚘 RCBC Flex Gold Visa
- Rewards: 2x points in 3 preferred categories, including gas, grocery, travel, household appliances, and department store
- Other notable perks: Travel insurance coverage of up to ₱50,000, free Purchase Protection, and access to the Marhaba/Skyview Airport Lounge at NAIA Terminal 3
- Annual fee: ₱3,000 (waived for the first year)
- Interest rate: 3%
- Minimum monthly income requirement: ₱50,000
Do you drive to work every day? Make the most of the money you spend on fuel with the RCBC Flex Gold Visa. Choose gas as one of your preferred categories to earn 2x rewards points per spend.
You can also choose among grocery, travel, household appliances, or department stores as your other preferred categories for the double points.
Final Thoughts
This list of the best credit cards in the Philippines is only meant to guide you through making that all-important decision. Your final choice will boil down to the credit card features and benefits that are most important to you.
As much as possible, research your options and their features before choosing a credit card. Why do you have to compare credit cards? It's much like shopping online when you compare prices and features to find the best deal, according to Munmun Nath, former Moneymax Co-General Manager.
"You should compare and see where you can get the best deal. This idea applies to financial products even more because, unlike clothes or gadgets, the number of times we might be applying for a financial product, like a credit card, can be much less. It's important to do all our research to ensure that we are applying for something that's right for us," Munmun said.
Still can't make up your mind about the best credit card in the Philippines? Confused about which credit card to get? Use the Moneymax credit card comparison tool for free to receive recommendations based on your financial capacity.
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