Top Credit Cards for First Timers

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Top Credit Cards for First Timers

Thinking of applying for a credit card? One of the first things you should know is credit card companies will look at your credit history. This is because banks are after those who are consistent payers and are low-risk. Having a credit history shows that you can responsibly use your credit card and not go over your credit limit. This is good for banks but bad for first-timers. If you’re a fresh graduate starting your first job, you may have difficulty getting approved for a credit card, even more so if you don’t have billing statements proving your capacity to pay. Don’t let the stringent process for credit card approval dishearten you.

Suggested Credit Cards for First Timers


1. Metrobank Classic Visa

Metrobank Classic Visa

Annual Fee: Php 1,500 (waived for the first year)
Interest: 3.50% per month

Other Features:

Chip Card
Metrobank Card has an embedded chip that can protect you from credit card fraud due to cloning – an occurrence when your personal and account information are copied and transferred to a fake card.
Earn 1 point for every Php 20.00 that you spend using your Metrobank Credit Card. Use your points and redeem premium items or air miles from Philippine Airlines, Cathay Pacific Airlines, or Singapore Airlines.

2. EastWest Bank Classic Visa

EastWest Bank Classic Visa

Annual Fee: Php 1,500

Interest: 3.50% per month

Other Features:
Cardholders will have a travel insurance coverage of up to  Php 20 million. 1% of the cash advance amount or Php 500, whichever is higher; and 3.50% finance charge imposed on the cash advance amount, which shall accrue from the date of availing until full settlement or payment.

3. RCBC Bankard myDream JCB

RCBC Bankard myDream JCB

Annual Fee: Php 800 (waived for the first year)
Interest: 2.90% per month
Special Features: Lowest interest rate and annual fee among RCBC Bankard’s classic cards

Other Features:
MyDream JCB’s Pay-Easy-Plan is the best in payment flexibility. Cardholders can charge in various currencies abroad and pay in pesos when they get back home. Plus, they have the option to pay the minimum of 1/20 of their outstanding balance or Php 500, whichever is higher, at a very low effective revolving interest rate of 2.50% per month.

4. BPI Blue MasterCard

BPI Blue MasterCard

Annual Fee: Php 1,550 (waived for the first year)
Interest: 3.50% per month
Travel Insurance: Up to Php 2 million

Other Features:
Accepted in over 29 million establishments worldwide, the BPI Express Credit Blue MasterCard is your start-up international credit card. It gives you Php 2 million worth of travel insurance. Plus, it lets you withdraw cash of up to 30% of your credit limit in over 1 million Maestro or Cirrus ATMs globally.

5. BDO ShopMore Mastercard

BDO ShopMore Mastercard

Annual Fee: Php 900 (waived for the first year)
Interest: 3.5% per month

Other Features:

Get 1 point for every Php200 spend on SM Partner Retailers and an additional 0.5 points for your SM Advantage card. You will also get a 5% rebate on a minimum Php5,000.00 spend during the SM 3 Day Sale. 
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