34 Best Credit Cards in the Philippines: Features and Fees

Now that more Filipinos are turning to cashless payments, 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.

What is the Best Credit Card in the Philippines?

best credit cards in the philippines - what is the best credit card

There's no single credit card that works best for everyone. Your choice would 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.

3 Things to Consider When Choosing the Best Credit Card

👉 Minimum Income and Other Requirements

You should first check the eligibility and documentary requirements for the card 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.

👉 Credit Card Fees and Charges

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 at 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.

👉 Credit Card Rewards, Cashback, and Other Perks

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:

Credit Card	Best For	Key Features
UnionBank Rewards Credit Card	Rewards	1 point per ₱30 spend 3x points for shopping and dining locally and abroad
Metrobank Platinum Mastercard^®	Dining	Up to 50% off on dining deals 1 rewards point for every ₱20 spend
HSBC Platinum Visa Rebate	Travel	5% cashback on travel transactions Free travel insurance 6% rebate on the first Caltex fuel purchase; 3% all year round
Security Bank Complete Cashback Mastercard	Cashback	5% cashback on groceries 4% on fuel 3% on utilities 2% on dining 1% on shopping
BPI Rewards Card	Beginners	Low income requirement of ₱15,000 Low annual fee of ₱1,550 (waived for the first year)
UnionBank Lazada Credit Card	Online Shopping	₱6 Lazada Credits per ₱200 spend at Lazada ₱1 Lazada Credit per ₱200 spend elsewhere Welcome gift: ₱5,000 Lazada Wallet Credits Free monthly shipping of up to ₱50 Free discount vouchers worth ₱500
Petron BPI Card	Fuel Purchases and Auto Services	3% fuel rebate at participating Petron stations nationwide Free ₱200 fuel voucher for first-time cardholders

For more details and credit card options, keep reading!

Best Credit Cards in the Philippines for Beginners

💳 BPI Rewards Card

Annual fee: ₱1,550 (waived for the first year)
Interest rate: 3%
Minimum monthly income requirement: ₱15,000
Other eligibility requirements:
- At least 21 years old
- Any government-issued and signed ID
- Proof of income

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.

💳 BPI Edge Card

Monthly fee: ₱110 (waived for the first year)
Interest rate: 3%
Minimum monthly income requirement: ₱15,000
Other eligibility requirements:
- At least 21 years old
- Any government-issued and signed ID
- Proof of income

With a low monthly fee of ₱110, the BPI Edge Card is one of the best credit cards for beginners.

Earn 1 BPI Point for every ₱50 spend. You also have several installment options at your disposal: Real 0% installment, Buy Now Pay Later, and Bonus Madness Limit.

💳 PNB Essentials Mastercard

Annual fee: ₱1,200
Interest rate: 3%
Minimum monthly income requirement: ₱10,000
Other eligibility requirements:
- 21 to 65 years old
- Proof of income
- Proof of billing
- Valid ID

For a first credit card, you want one with a low income requirement and annual fee— but with excellent perks and benefits as well. You can get all that with the PNB Essentials Mastercard, which lets you earn rewards points. If you go shopping abroad, you also get billed in peso.

Moreover, all supplementary cards have no annual fees for life.

💳 AUB Classic Mastercard

Annual fee: No annual fee for life
Interest rate: 3%
Minimum monthly income requirement: ₱50,000
Other eligibility requirements:
- 21 to 65 years old
- Mobile number and home or office landline number
- Active email address
- At least one-year regular employment status/profitable business operation/practice of a profession
- Identification and income documents

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 and beginner-friendly options out there in terms of monthly payment frequency, due date, and minimum amount due.

Best Rewards Credit Cards in the Philippines

🎁 UnionBank Rewards Credit Card

Rewards rate:
- 3x non-expiring reward points when you shop and dine here and abroad
- 1 non-expiring reward point for every ₱30 spend
Interest rate: 3%
Annual fee: ₱2,500 (waived for life if you apply and get approved by June 30, 2024 and meet the spend requirement within the spend period)
Minimum monthly income requirement: ₱15,000

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 1 non-expiring reward point for every other spend.

Use your accumulated points to redeem merchandise, cash credits, points transfers, and other rewards.

🎁 Free Gift from Moneymax: E-Gift, Wireless Earbuds, or Headphones

Eligible card: Any UnionBank credit card

Promo period: Until April 30, 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 April 30, 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.

🎁 Metrobank Titanium Mastercard^®

Rewards rate:

1 rewards point for every ₱20 spend
2x rewards points on dining, department store, and online purchases

Interest rate: 3%
Annual fee: ₱2,500 (waived for carded first-time Metrobank cardholders who apply and get approved by April 30, 2024 and meet the spend requirement within the spend period)
Minimum monthly income requirement: ₱15,000

If you frequently shop online, the Metrobank Titanium Mastercard^® will make the experience not just convenient but also secure. The card comes with e-commerce protection, which provides insurance coverage for your items—including international purchases—in case they get lost or damaged.

The Metrobank Titanium Mastercard^® is the best credit card in the Philippines for those who usually pay for big-ticket purchases, as it comes with 0% interest installment plans.

🎁 Free Gift from Moneymax: ₱2,500 eGift, Dolce Gusto Piccolo XS, or JBL Wave Beam True Wireless Earbuds

Eligible cards: Metrobank Titanium Mastercard^®, Platinum Mastercard^®, and World Mastercard^®

Promo period: Until April 30, 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 between a ₱2,500 eGift voucher via Giftaway, a Dolce Gusto Piccolo XS worth ₱5,199, or a JBL Wave Beam worth ₱3,799 as your free special gift.

This Moneymax Metrobank eGift/Dolce Gusto/JBL promo runs until April 30, 2024 only. So hurry and apply now!

Per DTI Fair Trade Permit No. FTEB-187470 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

UnionBank Cash Back Visa Platinum Credit Card

Rebates:
- 5% rebate on dining all year round
- 1% rebate on department store spend and overseas transactions during 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 earns rebates when you gas up at Caltex. And with its installment plan, you can buy gadgets, furniture, and appliances without wrecking your budget.