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See all top credit cards in the Philippines

Q: What are the general qualifications to get a credit card?

At least 21 years oldFilipino citizen or foreigner living in the PhilippinesHome, office, or business location near a branch of the issuing bankActive landline number or mobile phone numberAt least 1 year of regular employment status or at least 2 years of profitable business for self-employed individualsMinimum gross annual income ranging from ₱120,000 to ₱1 million

Know your options. Check out the credit cards offered by top banks in the Philippines.

Metrobank Titanium Mastercard®

Annual Fee

Free

info

Free on the first year. No annual fees for carded first-time Metrobank cardholders when you apply until August 31, 2024 and meet an annual spend of ₱180,000. After the No Annual Fee promo, annual fee is ₱2,500.

Min. Annual Income

₱ 180,000

info

₱15,000 Monthly

Monthly Effective Interest Rate

3 %

2 Offers Available

Moneymax Christmas Cheer Giveaway

WIN a Samsung Galaxy Z Flip 6!

+ 1 other gift options

Valid until

31 December 2024

Get THIS welcome gift!

₱2,500 eGift

Valid until

31 January 2025

Get THIS welcome gift!

JBL Go 4 Ultra-Portable Bluetooth Speaker

Valid until

31 January 2025

Get THIS welcome gift!

Xiaomi Redmi Soundbar

Valid until

31 January 2025

Get THIS welcome gift!

Dolce Gusto Genio S Basic

Valid until

31 January 2025

Get THIS welcome gift!

Jisulife Pro1s Handheld Fan

Valid until

31 January 2025

Things to consider for this product:

check

No annual fee

check

Dining points

check

Free reward points

Gift Options

WIN a Samsung Galaxy Z Flip 6!; or
WIN an Apple AirPods Gen 4!

Gift Options

₱2,500 eGift; or
JBL Go 4 Ultra-Portable Bluetooth Speaker; or
Xiaomi Redmi Soundbar; or
Dolce Gusto Genio S Basic; or
Jisulife Pro1s Handheld Fan

Terms and Conditions :

Step to Apply :

Credit Card Required: Required

Required Documents :

Regular Employee

Government-issued ID: Should contain your date of birth and a visible signature
Proof of income: For applicants without credit cards from other banks: copy of the latest ITR duly stamped as received by the BIR or bank/copy of BIR Form 2316 signed by employer, or copy of last 3 months' payslip.

Self-Employed

Government-issued ID: Should contain your date of birth and a visible signature.
Proof of income: For applicants without credit cards from other banks: copy of the latest ITR duly stamped as received by the BIR or AFS with BIR or bank stamp.

Eligibility :

Minimum Age: 21 years old

Maximum Age: 70 years old

Min. Annual Income: ₱ 180000

Landline Required: Not required

HSBC Red Mastercard

Annual Fee

₱ 2,500 per year

Min. Annual Income

₱ 200,000

Monthly Effective Interest Rate

3 %

2 Offers Available

Moneymax Christmas Cheer Giveaway

WIN an Apple iPhone 16 Pro!

+ 1 other gift options

Valid until

31 December 2024

Get THIS welcome gift!

₱3,000 eGift

Valid until

31 January 2025

Get THIS welcome gift!

JBL Flip 6

Valid until

31 January 2025

Get THIS welcome gift!

Nescafe Dolce Gusto Piccolo XS

Valid until

31 January 2025

Get THIS welcome gift!

Xiaomi Smart Band 9

Valid until

31 January 2025

Get THIS welcome gift!

JBL Tune 520BT

Valid until

31 January 2025

Things to consider for this product:

check

Accelerated rewards

check

Shopping points

check

Dining points

remove

Credit card required

Gift Options

WIN an Apple iPhone 16 Pro!; or
WIN an Apple AirPods Gen 4!

Gift Options

₱3,000 eGift; or
JBL Flip 6; or
Nescafe Dolce Gusto Piccolo XS; or
Xiaomi Smart Band 9; or
JBL Tune 520BT

HSBC Live+ Credit Card

Annual Fee

₱ 5,000 per year

info

Free on the first year

Min. Annual Income

₱ 200,000

Monthly Effective Interest Rate

3 %

2 Offers Available

Moneymax Christmas Cheer Giveaway

WIN an Apple iPhone 16 Pro!

+ 1 other gift options

Valid until

31 December 2024

Get THIS welcome gift!

₱3,000 eGift

Valid until

31 January 2025

Get THIS welcome gift!

JBL Flip 6

Valid until

31 January 2025

Get THIS welcome gift!

Nescafe Dolce Gusto Piccolo XS

Valid until

31 January 2025

Get THIS welcome gift!

Xiaomi Smart Band 9

Valid until

31 January 2025

Get THIS welcome gift!

JBL Tune 520BT

Valid until

31 January 2025

Things to consider for this product:

check

Generous cashback on all dining spend

check

Exciting cashback rates for fun

check

Exclusive deals in Southeast Asian countries

remove

Credit card required

Gift Options

WIN an Apple iPhone 16 Pro!; or
WIN an Apple AirPods Gen 4!

Gift Options

₱3,000 eGift; or
JBL Flip 6; or
Nescafe Dolce Gusto Piccolo XS; or
Xiaomi Smart Band 9; or
JBL Tune 520BT

Security Bank Gold Mastercard

Annual Fee

₱ 2,500 per year

Min. Annual Income

₱ 360,000

Interest Rate

3 %

Things to consider for this product:

check

Free rewards points

check

No Annual Fee

check

Nice card face

Terms and Conditions :

Step to Apply :

Credit card requirement: Not required

Required Documents :

Regular Employee

Government-issued ID
Valid TIN / SSS / GSIS or UMID number
Signed Certificate of Employment
Proof of income: 1 month payslip or ITR

Self-Employed

Government-issued ID
Valid TIN / SSS / GSIS or UMID number
Active landline / mobile phone number
Deposit account: Must be a Security Bank depositor for at least 1 year.
Audited Financial Statements: In the last 2 years
Business registration/permits: SEC/DTI Registration

Eligibility :

Minimum Age: 21 years old

Maximum Age: 60 years old

Min. Annual Income: ₱ 360000

Landline requirement: Required

RCBC Mango Mastercard

Annual Fee

₱ 1,200 per year

Min. Annual Income

₱ 180,000

info

₱15,000 Monthly

Monthly Effective Interest Rate

3 %

Things to consider for this product:

check

Shopping points

check

Installment

check

Exclusive discounts

check

Online shopping points

PNB Visa Gold

Annual Fee

₱ 600 per year

Min. Annual Income

₱ 600,000

info

₱50,000 Monthly

Monthly Effective Interest Rate

2 %

Things to consider for this product:

check

Travel insurance

check

Installment

check

Exclusive discounts

remove

No rewards

Terms and Conditions :

Step to Apply :

Credit Card Required: Required

Required Documents :

Regular Employee

Proof of income
Government-issued ID
Active landline / mobile phone number
Signed Certificate of Employment

Eligibility :

Minimum Age: 21 years old

Maximum Age: 65 years old

Min. Annual Income: ₱ 600000

Landline Required: Required

Security Bank Complete Cashback Platinum Mastercard

Annual Fee

₱ 3,000 per year

info

Free on the first year

Min. Annual Income

₱ 780,000

Monthly Effective Interest Rate

3 %

Things to consider for this product:

check

No-brainer rebate

check

Petrol rebate

check

Supermarket rebate

Terms and Conditions :

Step to Apply :

Credit Card Required : Not required

Required Documents :

Regular Employee

Government-issued ID
Valid TIN / SSS / GSIS or UMID number
Active landline / mobile phone number
Signed Certificate of Employment
Proof of income: 1 month payslip or ITR

Self-Employed

Government-issued ID
Valid TIN / SSS / GSIS or UMID number
Active landline / mobile phone number
Deposit account: Must be a Security Bank depositor for at least 1 year.
Audited Financial Statements: In the last 2 years.
Business registration/permits: SEC/DTI Registration.

Eligibility :

Minimum Age: 21 years old

Maximum Age: 65 years old

Min. Annual Income: ₱ 780000

Landline Required : Required

HSBC Red Mastercard

Annual Fee

₱ 2,500 per year

Min. Annual Income

₱ 200,000

Monthly Effective Interest Rate

3 %

2 Offers Available

Moneymax Christmas Cheer Giveaway

WIN an Apple iPhone 16 Pro!

+ 1 other gift options

Valid until

31 December 2024

Get THIS welcome gift!

₱3,000 eGift

Valid until

31 January 2025

Get THIS welcome gift!

JBL Flip 6

Valid until

31 January 2025

Get THIS welcome gift!

Nescafe Dolce Gusto Piccolo XS

Valid until

31 January 2025

Get THIS welcome gift!

Xiaomi Smart Band 9

Valid until

31 January 2025

Get THIS welcome gift!

JBL Tune 520BT

Valid until

31 January 2025

Things to consider for this product:

check

Accelerated rewards

check

Shopping points

check

Dining points

remove

Credit card required

Gift Options

WIN an Apple iPhone 16 Pro!; or
WIN an Apple AirPods Gen 4!

Gift Options

₱3,000 eGift; or
JBL Flip 6; or
Nescafe Dolce Gusto Piccolo XS; or
Xiaomi Smart Band 9; or
JBL Tune 520BT

Metrobank Platinum Mastercard®

Annual Fee

Free

info

Free on the first year. No annual fees for carded first-time Metrobank cardholders when you apply until October 31, 2024 and meet an annual spend of ₱400,000. After the No Annual Fee promo, annual fee is ₱5,000.

Min. Annual Income

₱ 700,000

info

₱58,333 Monthly

Monthly Effective Interest Rate

3 %

2 Offers Available

Moneymax Christmas Cheer Giveaway

WIN a Samsung Galaxy Z Flip 6!

+ 1 other gift options

Valid until

31 December 2024

Get THIS welcome gift!

₱2,500 eGift

Valid until

31 January 2025

Get THIS welcome gift!

JBL Go 4 Ultra-Portable Bluetooth Speaker

Valid until

31 January 2025

Get THIS welcome gift!

Xiaomi Redmi Soundbar

Valid until

31 January 2025

Get THIS welcome gift!

Dolce Gusto Genio S Basic

Valid until

31 January 2025

Get THIS welcome gift!

Jisulife Pro1s Handheld Fan

Valid until

31 January 2025

Things to consider for this product:

check

No Annual Fee

check

Free reward points

check

Dining discount

remove

High income requirement

Gift Options

WIN a Samsung Galaxy Z Flip 6!; or
WIN an Apple AirPods Gen 4!

Gift Options

₱2,500 eGift; or
JBL Go 4 Ultra-Portable Bluetooth Speaker; or
Xiaomi Redmi Soundbar; or
Dolce Gusto Genio S Basic; or
Jisulife Pro1s Handheld Fan

Terms and Conditions :

Step to Apply :

Credit Card Required: Required

Required Documents :

Regular Employee

Government-issued ID: Should contain your date of birth and a visible signature.
Proof of income: For applicants without credit cards from other banks: copy of the latest ITR duly stamped as received by the BIR or bank/copy of BIR Form 2316 signed by employer, or copy of last 3 months' payslip.

Self-Employed

Government-issued ID: Should contain your date of birth and a visible signature.
Proof of income: For applicants without credit cards from other banks: copy of the latest ITR duly stamped as received by the BIR or AFS with BIR or bank stamp.

Eligibility :

Minimum Age: 21 years old

Maximum Age: 70 years old

Min. Annual Income: ₱ 700000

Landline Required: Not required

Security Bank World Mastercard

Annual Fee

₱ 5,000 per year

Min. Annual Income

₱ 3,000,000

Monthly Effective Interest Rate

3 %

Things to consider for this product:

check

Shopping points

check

Travel insurance

check

Airport lounge

remove

High income requirement

Terms and Conditions :

Step to Apply :

Credit Card Required: Not required

Required Documents :

Regular Employee

Government-issued ID
Valid TIN / SSS / GSIS or UMID number
Active landline / mobile phone number
Signed Certificate of Employment
Proof of income: 1 month payslip or ITR

Self-Employed

Government-issued ID
Valid TIN / SSS / GSIS or UMID number
Active landline / mobile phone number
Deposit account: Must be a Security Bank depositor for at least 1 year
Audited Financial Statements: In the last 2 years
Business registration/permits: SEC/DTI Registration

Eligibility :

Minimum Age: 21 years old

Maximum Age: 65 years old

Min. Annual Income: ₱ 3000000

Landline Required: Required

Metrobank Titanium Mastercard®

Annual Fee

Free

info

Min. Annual Income

₱ 180,000

info

₱15,000 Monthly

Monthly Effective Interest Rate

3 %

2 Offers Available

Moneymax Christmas Cheer Giveaway

WIN a Samsung Galaxy Z Flip 6!

+ 1 other gift options

Valid until

31 December 2024

Get THIS welcome gift!

₱2,500 eGift

Valid until

31 January 2025

Get THIS welcome gift!

JBL Go 4 Ultra-Portable Bluetooth Speaker

Valid until

31 January 2025

Get THIS welcome gift!

Xiaomi Redmi Soundbar

Valid until

31 January 2025

Get THIS welcome gift!

Dolce Gusto Genio S Basic

Valid until

31 January 2025

Get THIS welcome gift!

Jisulife Pro1s Handheld Fan

Valid until

31 January 2025

Things to consider for this product:

check

No annual fee

check

Dining points

check

Free reward points

Gift Options

WIN a Samsung Galaxy Z Flip 6!; or
WIN an Apple AirPods Gen 4!

Gift Options

₱2,500 eGift; or
JBL Go 4 Ultra-Portable Bluetooth Speaker; or
Xiaomi Redmi Soundbar; or
Dolce Gusto Genio S Basic; or
Jisulife Pro1s Handheld Fan

Terms and Conditions :

Step to Apply :

Credit Card Required: Required

Required Documents :

Regular Employee

Government-issued ID: Should contain your date of birth and a visible signature
Proof of income: For applicants without credit cards from other banks: copy of the latest ITR duly stamped as received by the BIR or bank/copy of BIR Form 2316 signed by employer, or copy of last 3 months' payslip.

Self-Employed

Government-issued ID: Should contain your date of birth and a visible signature.
Proof of income: For applicants without credit cards from other banks: copy of the latest ITR duly stamped as received by the BIR or AFS with BIR or bank stamp.

Eligibility :

Minimum Age: 21 years old

Maximum Age: 70 years old

Min. Annual Income: ₱ 180000

Landline Required: Not required

Security Bank Platinum Mastercard

Annual Fee

₱ 4,000 per year

Min. Annual Income

₱ 780,000

Monthly Effective Interest Rate

3 %

Things to consider for this product:

check

Travel insurance

check

Airport lounge

check

Shopping points

remove

High income requirement

Terms and Conditions :

Step to Apply :

Credit Card Required: Not required

Required Documents :

Regular Employee

Government-issued ID
Valid TIN / SSS / GSIS or UMID number
Active landline / mobile phone number
Signed Certificate of Employment
Proof of income: 1 month payslip or ITR

Self-Employed

Government-issued ID
Valid TIN / SSS / GSIS or UMID number
Active landline / mobile phone number
Deposit account: Must be a Security Bank depositor for at least 1 year
Audited Financial Statements: In the last two years
Business registration/permits: SEC/DTI Registration

Eligibility :

Minimum Age: 21 years old

Maximum Age: 65 years old

Min. Annual Income: ₱ 780000

Landline Required: Required

Metrobank World Mastercard®

Annual Fee

Free

info

Free on the first year. No annual fees for carded first-time Metrobank cardholders when you apply until October 31, 2024 and meet an annual spend of ₱800,000. After the No Annual Fee promo, annual fee is ₱6,000.

Min. Annual Income

₱ 1,500,000

info

₱125,000 Monthly

Monthly Effective Interest Rate

3 %

2 Offers Available

Moneymax Christmas Cheer Giveaway

WIN a Samsung Galaxy Z Flip 6!

+ 1 other gift options

Valid until

31 December 2024

Get THIS welcome gift!

₱2,500 eGift

Valid until

31 January 2025

Get THIS welcome gift!

JBL Go 4 Ultra-Portable Bluetooth Speaker

Valid until

31 January 2025

Get THIS welcome gift!

Xiaomi Redmi Soundbar

Valid until

31 January 2025

Get THIS welcome gift!

Dolce Gusto Genio S Basic

Valid until

31 January 2025

Get THIS welcome gift!

Jisulife Pro1s Handheld Fan

Valid until

31 January 2025

Things to consider for this product:

check

No Annual Fee

check

Free reward points

check

Fine dining

remove

High income requirement

Gift Options

WIN a Samsung Galaxy Z Flip 6!; or
WIN an Apple AirPods Gen 4!

Gift Options

₱2,500 eGift; or
JBL Go 4 Ultra-Portable Bluetooth Speaker; or
Xiaomi Redmi Soundbar; or
Dolce Gusto Genio S Basic; or
Jisulife Pro1s Handheld Fan

Terms and Conditions :

Step to Apply :

Credit Card Required: Required

Required Documents :

Regular Employee

Government-issued ID: Should include date of birth and visible signature.
Proof of income: For applicants without credit cards from other banks: a copy of the latest ITR duly stamped as received by the BIR or bank/copy of BIR Form 2316 signed by employer, or copy of last 3 months' payslip.

Self-Employed

Government-issued ID: Should include date of birth and visible signature.
Proof of income: For applicants without credit cards from other banks: copy of the latest ITR duly stamped as received by the BIR or AFS with BIR or bank stamp.

Eligibility :

Minimum Age: 18 years old

Maximum Age: 70 years old

Min. Annual Income: ₱ 1500000

Landline Required: Not required

RCBC Flex Gold Visa

Annual Fee

₱ 3,000 per year

Min. Annual Income

₱ 600,000

Monthly Effective Interest Rate

3 %

Things to consider for this product:

check

Airport lounge

check

Travel insurance

check

Free reward points

remove

High income requirement

Terms and Conditions :

Step to Apply :

Credit Card Required: Required

Required Documents :

Regular Employee

Government-issued ID
Valid TIN / SSS / GSIS or UMID number
Signed Certificate of Employment
Proof of income

Self-Employed

Government-issued ID
Valid TIN / SSS / GSIS or UMID number
Audited Financial Statements
Business registration/permits

Eligibility :

Minimum Age: 21 years old

Maximum Age: 65 years old

Min. Annual Income: ₱ 600000

Landline Required: Required

RCBC Unionpay Diamond Card

Annual Fee

₱ 3,000 per year

Min. Annual Income

₱ 1,200,000

Monthly Effective Interest Rate

3 %

Things to consider for this product:

check

Free reward points

check

Bonus air miles

check

Travel insurance

remove

High income requirement

Bank of Commerce Gold Mastercard

Annual Fee

₱ 3,000 per year

Min. Annual Income

₱ 455,000

Monthly Effective Interest Rate

3 %

Things to consider for this product:

check

Installment

check

Dining points

check

Shopping points

check

Exclusive discounts

Terms and Conditions :

Step to Apply :

Credit Card Required: Not required

Required Documents :

Regular Employee

Government-issued ID
Signed Certificate of Employment
Active landline / mobile phone number
Proof of income

Self-Employed

Audited Financial Statements
Business registration/permits
Active landline / mobile phone number

Eligibility :

Minimum Age: 21 years old

Maximum Age: 65 years old

Min. Annual Income: ₱ 455000

Landline Required: Required

Robinsons Bank DOS Mastercard

Annual Fee

₱ 3,000 per year

Min. Annual Income

₱ 180,000

Monthly Effective Interest Rate

3 %

Things to consider for this product:

check

Free reward points

check

Free reward points

check

Exclusive discounts

check

Good for beginners

Terms and Conditions :

Step to Apply :

Credit Card Required: Not required

Required Documents :

Regular Employee

Government-issued ID
Signed Certificate of Employment
Active landline / mobile phone number
Proof of income

Self-Employed

Audited Financial Statements
Business registration/permits
Government-issued ID
Active landline / mobile phone number

Eligibility :

Minimum Age: 21 years old

Maximum Age: 65 years old

Min. Annual Income: ₱ 180000

Landline Required: Required

RCBC Gold Mastercard

Annual Fee

₱ 3,000 per year

Min. Annual Income

₱ 600,000

Monthly Effective Interest Rate

3 %

Things to consider for this product:

check

Free reward points

check

Travel insurance

remove

High income requirement

remove

Credit card required

Terms and Conditions :

Step to Apply :

Credit Card Required: Not required

Required Documents :

Regular Employee

Government-issued ID
Valid TIN / SSS / GSIS or UMID number
Active landline / mobile phone number
Signed Certificate of Employment
Proof of income

Self-Employed

Government-issued ID
Valid TIN / SSS / GSIS or UMID number
Active landline / mobile phone number
Audited Financial Statements
Business registration/permits

Eligibility :

Minimum Age: 21 years old

Maximum Age: 65 years old

Min. Annual Income: ₱ 600000

Landline Required: Required

UnionBank Lazada Credit Card

Annual Fee

₱ 3,000 per year

Min. Annual Income

₱ 360,000

Monthly Effective Interest Rate

3 %

Things to consider for this product:

check

Online shopping points

check

Online shoppping discount

check

Exclusive discounts

Terms and Conditions :

Step to Apply :

Credit Card Required: Not required

Required Documents :

Regular Employee

Government-issued ID
Valid TIN / SSS / GSIS or UMID number
Signed Certificate of Employment
Proof of income

Self-Employed

Government-issued ID
Valid TIN / SSS / GSIS or UMID number
Audited Financial Statements
Business registration/permits

Eligibility :

Minimum Age: 18 years old

Maximum Age: 70 years old

Min. Annual Income: ₱ 360000

Landline Required: Not required

Robinsons Cashback

Annual Fee

₱ 2,500 per year

Min. Annual Income

₱ 180,000

info

₱15,000 Monthly

Monthly Effective Interest Rate

3 %

Things to consider for this product:

check

No-brainer rebate

check

Department store rebate

check

Installment

check

Exclusive discounts

Terms and Conditions :

Step to Apply :

Credit Card Required: Not required

Required Documents :

Regular Employee

Government-issued ID
Proof of income
Active landline / mobile phone number
Signed Certificate of Employment

Self-Employed

Audited Financial Statements
Business registration/permits
Government-issued ID
Active landline / mobile phone number

Eligibility :

Minimum Age: 21 years old

Maximum Age: 65 years old

Min. Annual Income: ₱ 180000

Landline Required: Required

Maybank Gold Visa

Annual Fee

₱ 2,500 per year

info

Free for the first year

Min. Annual Income

₱ 420,000

Monthly Effective Interest Rate

3 %

Things to consider for this product:

check

Free reward points

check

Overseas rebate

check

Exclusive discounts

remove

High income requirement

UnionBank Platinum Mastercard

Annual Fee

₱ 3,000 per year

Min. Annual Income

₱ 600,000

Monthly Effective Interest Rate

3 %

Things to consider for this product:

check

No-brainer rebate

check

Overseas rebate

check

Airport lounge

remove

High income requirement

Terms and Conditions :

Step to Apply :

Cash Advance Monthly Effective Interest Rate: Not required

Required Documents :

Regular Employee

Government-issued ID
Valid TIN / SSS / GSIS or UMID number
Signed Certificate of Employment
Proof of income

Self-Employed

Government-issued ID
Valid TIN / SSS / GSIS or UMID number
Audited Financial Statements
Business registration/permits

Eligibility :

Minimum Age: 18 years old

Maximum Age: 70 years old

Min. Annual Income: ₱ 600000

Landline Required: Not required

UnionBank Cebu Pacific Gold

Annual Fee

₱ 3,000 per year

Min. Annual Income

₱ 360,000

Monthly Effective Interest Rate

3 %

Things to consider for this product:

check

Travel points

check

Nice card face

check

Exclusive discounts

Terms and Conditions :

Step to Apply :

Credit Card Required: Not required

Required Documents :

Regular Employee

Government-issued ID
Valid TIN / SSS / GSIS or UMID number
Signed Certificate of Employment
Proof of income

Self-Employed

Government-issued ID
Valid TIN / SSS / GSIS or UMID number
Audited Financial Statements
Business registration/permits

Eligibility :

Minimum Age: 18 years old

Maximum Age: 70 years old

Min. Annual Income: ₱ 360000

Landline Required: Not required

Maybank Standard Mastercard

Annual Fee

₱ 2,000 per year

info

Free for the first year

Min. Annual Income

₱ 195,000

info

₱16,250 Monthly

Interest Rate

3 %

Things to consider for this product:

check

Free reward points

check

No Annual Fee

check

Exclusive discounts

check

Dual currency

Maybank Visa Classic

Annual Fee

₱ 2,000 per year

info

Free for the first year

Min. Annual Income

₱ 195,000

info

₱16,250 Monthly

Interest Rate

3 %

Things to consider for this product:

check

Free reward points

check

No Annual Fee

check

Exclusive discounts

check

Dual currency

PNB Diamond UnionPay

Annual Fee

₱ 3,000 per year

Min. Annual Income

₱ 120,000

Monthly Effective Interest Rate

2 %

Things to consider for this product:

check

Bonus air miles

check

Free reward points

check

Installment

check

Exclusive discounts

Terms and Conditions :

Step to Apply :

Credit Card Required: Not required

Required Documents :

Regular Employee

Proof of income
Government-issued ID
Signed Certificate of Employment

Eligibility :

Minimum Age: 21 years old

Maximum Age: 65 years old

Min. Annual Income: ₱ 120000

Landline Required: Not required

PNB-PAL Mabuhay Miles Platinum Mastercard

Annual Fee

₱ 3,000 per year

Min. Annual Income

₱ 1,200,000

Interest Rate

2 %

Things to consider for this product:

check

Bonus air miles

check

Free reward points

check

Installment

remove

High income requirement

Terms and Conditions :

Step to Apply :

Credit card requirement: Not required

Required Documents :

Regular Employee

Proof of income
Government-issued ID
Signed Certificate of Employment

Eligibility :

Minimum Age: 21 years old

Maximum Age: 65 years old

Min. Annual Income: ₱ 1200000

Landline requirement: Not required

PNB Platinum Mastercard

Annual Fee

₱ 3,000 per year

Min. Annual Income

₱ 600,000

Monthly Effective Interest Rate

2 %

Things to consider for this product:

check

Bonus air miles

check

Free reward points

check

Installment

remove

High income requirement

Terms and Conditions :

Step to Apply :

Credit Card Required: Not required

Required Documents :

Required Documents

Regular Employee
Proof of income
Government-issued ID
Signed Certificate of Employment

Eligibility :

Minimum Age: 21 years old

Maximum Age: 65 years old

Min. Annual Income: ₱ 600000

Landline Required: Not required

Maybank Platinum Mastercard

Annual Fee

₱ 3,500 per year

info

Free for the first year.

Min. Annual Income

₱ 650,000

Monthly Effective Interest Rate

3 %

Things to consider for this product:

check

Free reward points

check

Overseas rebate

check

Exclusive discounts

remove

High income requirement

RCBC Flex Visa

Annual Fee

₱ 1,500 per year

Min. Annual Income

₱ 180,000

info

₱15,000 Monthly

Interest Rate

3 %

Things to consider for this product:

check

Dining points

check

Shopping points

check

Travel insurance

check

Airport lounge

Terms and Conditions :

Step to Apply :

Credit card requirement: Required

Required Documents :

Regular Employee

Government-issued ID
Valid TIN / SSS / GSIS or UMID number
Signed Certificate of Employment
Proof of income

Self-Employed

Government-issued ID
Valid TIN / SSS / GSIS or UMID number
Audited Financial Statements
Business registration/permits

Eligibility :

Minimum Age: 21 years old

Maximum Age: 65 years old

Min. Annual Income: ₱ 180000

Landline requirement: Required

Maybank Platinum Visa

Annual Fee

₱ 3,500 per year

info

Free for the first year.

Min. Annual Income

₱ 650,000

Monthly Effective Interest Rate

3 %

Things to consider for this product:

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Free reward points

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Overseas rebate

check

Exclusive discounts

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High income requirement

RCBC Black Card Platinum Mastercard

Annual Fee

₱ 3,600 per year

Min. Annual Income

₱ 1,200,000

Monthly Effective Interest Rate

3 %

Things to consider for this product:

check

Shopping points

check

Online shopping points

check

Travel insurance

remove

High income requirement

Bank of Commerce Classic Mastercard

Annual Fee

₱ 1,500 per year

Min. Annual Income

₱ 120,000

info

₱10,000 Monthly

Interest Rate

3 %

Things to consider for this product:

check

Shopping points

check

Dining points

check

Installment

check

Exclusive discounts

Terms and Conditions :

Step to Apply :

Credit card requirement: Required

Required Documents :

Regular Employee

Government-issued ID
Signed Certificate of Employment
Active landline / mobile phone number
Proof of income

Self-Employed

Audited Financial Statements
Business registration/permits

Eligibility :

Minimum Age: 21 years old

Maximum Age: 65 years old

Min. Annual Income: ₱ 120000

Landline requirement: Required

PNB-PAL Mabuhay Miles World Mastercard

Annual Fee

₱ 6,000 per year

Minimum Annual Income

₱ 2,400,000

Monthly Effective Interest Rate

2 %

Things to consider for this product:

check

Bonus air miles

check

Installment

check

Exclusive discounts

remove

High income requirement

Terms and Conditions :

Step to Apply :

Credit Card Required: Not required

Required Documents :

Regular Employee

Proof of income
Government-issued
Signed Certificate of Employment

Eligibility :

Minimum Age: 21 years old

Maximum Age: 65 years old

Minimum Annual Income : ₱ 2400000

Landline Required: Not required

PNB Essentials Mastercard

Annual Fee

₱ 1,200 per year

Min. Annual Income

₱ 120,000

info

₱10,000 Monthly

Monthly Effective Interest Rate

2 %

Things to consider for this product:

check

Bonus air miles

check

Free reward points

check

Installment

check

Good for beginners

Terms and Conditions :

Step to Apply :

Credit Card Required: Not required

Required Documents :

Regular Employee

Proof of income
Government-issued ID
Signed Certificate of Employment

Eligibility :

Minimum Age: 21 years old

Maximum Age: 65 years old

Min. Annual Income: ₱ 120000

Landline Required: Not required

RCBC Landmark Anson's Mastercard

Annual Fee

₱ 960 per year

Min. Annual Income

₱ 180,000

info

₱15,000 Monthly

Monthly Effective Interest Rate

3 %

Things to consider for this product:

check

No-brainer rebate

check

Supermarket rebate

check

Installment

check

Exclusive discounts

Terms and Conditions :

Step to Apply :

Credit Card Required: Not required

Required Documents :

Regular Employee

Government-issued ID
Signed Certificate of Employment
Proof of income

Eligibility :

Minimum Age: 21 years old

Maximum Age: 65 years old

Min. Annual Income: ₱ 180000

Landline Required: Required

AUB Platinum Mastercard

Annual Fee

Free

info

No annual fee for life

Min. Annual Income

₱ 1,200,000

info

₱100,000 Monthly

Monthly Effective Interest Rate

2 %

Things to consider for this product:

check

No Annual Fee

check

Shopping points

check

Bonus air miles

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High income requirement

PNB Visa Classic

Annual Fee

₱ 300 per year

Min. Annual Income

₱ 120,000

info

₱10,000 Monthly

Monthly Effective Interest Rate

2 %

Things to consider for this product:

check

Installment

check

Good for beginners

check

Exclusive discounts

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No rewards

Terms and Conditions :

Step to Apply :

Credit Card Required: Not required

Required Documents :

Regular Employee

Proof of income
Government-issued ID
Active landline / mobile phone number
Signed Certificate of Employment

Eligibility :

Minimum Age: 21 years old

Maximum Age: 65 years old

Min. Annual Income: ₱ 120000

Landline Required: Required

AUB Easy Mastercard

Annual Fee

Free

info

No annual fee for life

Min. Annual Income

₱ 252,000

info

₱21,000 Monthly

Monthly Effective Interest Rate

2 %

Things to consider for this product:

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No Annual Fee

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Exclusive discounts

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Choose your annual fee

check

Choose your due date

PNB-PAL Mabuhay Miles NOW Mastercard

Annual Fee

₱ 1,000 per year

Min. Annual Income

₱ 120,000

info

₱10,000 Monthly

Monthly Effective Interest Rate

2 %

Things to consider for this product:

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Bonus air miles

check

Air ticket rebate

check

No Annual Fee

remove

High income requirement

Terms and Conditions :

Step to Apply :

Credit Card Required: Required

Required Documents :

Regular Employee

Proof of income
Government-issued ID
Active landline / mobile phone number
Signed Certificate of Employment

Eligibility :

Minimum Age: 21 years old

Maximum Age: 65 years old

Min. Annual Income: ₱ 120000

Landline Required: Required

AUB Classic Mastercard

Annual Fee

Free

info

No annual fee for life

Min. Annual Income

₱ 252,000

info

₱21,000 Monthly

Monthly Effective Interest Rate

2 %

Things to consider for this product:

check

No Annual Fee

check

Shopping points

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Exclusive discounts

check

Choose your annual fee

Maybank Gold Mastercard

Annual Fee

₱ 2,500 per year

info

Free for the first year

Min. Annual Income

₱ 420,000

Monthly Effective Interest Rate

3 %

Things to consider for this product:

check

Free reward points

check

No Annual Fee

check

Exclusive discounts

check

Dual currency

AUB Gold Mastercard

Annual Fee

Free

info

No annual free for life

Min. Annual Income

₱ 600,000

info

₱50,000 Monthly

Monthly Effective Interest Rate

2 %

Things to consider for this product:

check

No Annual Fee

check

Shopping points

check

Bonus air miles

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High income requirement

RCBC Visa Infinite

Annual Fee

₱ 3,600 per year

Min. Annual Income

₱ 3,600,000

Monthly Effective Interest Rate

3 %

Things to consider for this product:

check

No-brainer rebate

check

Retail rebate

check

Travel insurance

remove

High income requirement

RCBC YGC Rewards Plus Platinum Mastercard

Annual Fee

₱ 3,600 per year

info

₱3,600 for Platinum Mastercard, ₱3,000 for Gold Visa, ₱1,500 for Classic Visa.

Min. Annual Income

₱ 230,000

Monthly Effective Interest Rate

3 %

Things to consider for this product:

check

Shopping points

check

Airport lounge

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Exclusive discounts

check

Good for beginners

PNB Ze-Lo Mastercard

Annual Fee

Free

Min. Annual Income

₱ 120,000

info

₱10,000 Monthly

Monthly Effective Interest Rate

2 %

Things to consider for this product:

check

No Annual Fee

check

Installment

check

Good for beginners

check

Exclusive discounts

Terms and Conditions :

Step to Apply :

Credit Card Required: Required

Required Documents :

Regular Employee

Proof of income
Government-issued ID
Active landline / mobile phone number
Signed Certificate of Employment

Eligibility :

Minimum Age: 21 years old

Maximum Age: 65 years old

Min. Annual Income: ₱ 120000

Landline Required: Required

RCBC World Mastercard

Annual Fee

₱ 3,600 per year

Min. Annual Income

₱ 3,600,000

Monthly Effective Interest Rate

3 %

Things to consider for this product:

check

Shopping points

check

Travel insurance

check

Airport lounge

remove

High income requirement

AirAsia Credit Card

Annual Fee

₱ 3,600 per year

info

Monthly charge of ₱300

Min. Annual Income

₱ 250,000

Monthly Effective Interest Rate

3 %

Things to consider for this product:

check

Travel points

check

Bonus air miles

check

Airport lounge

check

Exclusive discounts

RCBC JCB Platinum

Annual Fee

₱ 3,600 per year

Min. Annual Income

₱ 1,200,000

Monthly Effective Interest Rate

3 %

Things to consider for this product:

check

Free reward points

check

Travel insurance

check

Airport lounge

remove

High income requirement

RCBC Zalora Credit Card

Annual Fee

₱ 4,000 per year

Min. Annual Income

₱ 300,000

Monthly Effective Interest Rate

3 %

Things to consider for this product:

check

Online shopping points

check

Online shopping rebate

check

Travel insurance

check

Exclusive discounts

Terms and Conditions :

Step to Apply :

Credit Card Required: Not required

Required Documents :

Regular Employee

Government-issued ID
Valid TIN / SSS / GSIS or UMID number
Signed Certificate of Employment
Proof of income

Self-Employed

Valid TIN / SSS / GSIS or UMID number
Audited Financial Statements
Business registration/permits

Eligibility :

Minimum Age: 21 years old

Maximum Age: 65 years old

Min. Annual Income: ₱ 300000

Landline Required: Required

Bank of Commerce Platinum Mastercard

Annual Fee

₱ 5,000 per year

Min. Annual Income

₱ 1,200,000

Monthly Effective Interest Rate

3 %

Things to consider for this product:

check

Shopping points

check

Dining points

check

Travel insurance

remove

High income requirement

Terms and Conditions :

Step to Apply :

Credit Card Required : Not required

Required Documents :

Regular Employee

Government-issued ID
Signed Certificate of Employment
Active landline / mobile phone number
Proof of income

Self-Employed

Audited Financial Statements
Business registration/permits
Active landline / mobile phone number

Eligibility :

Minimum Age: 21 years old

Maximum Age: 65 years old

Min. Annual Income: ₱ 1200000

Landline Required : Required

RCBC Visa Platinum

Annual Fee

₱ 5,000 per year

Min. Annual Income

₱ 1,200,000

Monthly Effective Interest Rate

3 %

Things to consider for this product:

check

Bonus air miles

check

Travel insurance

check

Airport lounge

remove

High income requirement

UnionBank Rewards Credit Card

Annual Fee

Free

info

No annual fees for carded first-time UnionBank cardholders when you apply until June 30, 2024 and spend at least ₱20,000 within 60 days from the card approval date. After the No Annual Fee promo, the annual fee is ₱2,500.

Min. Annual Income

₱ 180,000

info

₱15,000 Monthly

Monthly Effective Interest Rate

3 %

2 Offers Available

Moneymax Christmas Cheer Giveaway

WIN an Apple iPad Air 2024!

+ 1 other gift options

Valid until

31 December 2024

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No annual fees for life!

Valid until

31 December 2024

Things to consider for this product:

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No annual fee

check

Free reward points

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Accelerated rewards

Gift Options

WIN an Apple iPad Air 2024!; or
WIN an Apple AirPods Gen 4!

Gift Options

No annual fees for life!

Terms and Conditions :

Step to Apply :

Credit Card Required: Not required

Required Documents :

Regular Employee

Government-issued ID: Passport
Signed Certificate of Employment
Valid TIN / SSS / GSIS or UMID number
Proof of income: BIR Form 2316, your latest ITR (1700 or 1701) with a BIR or Bank Stamp, or your latest payslip.

Eligibility :

Minimum Age: 21 years old

Maximum Age: 70 years old

Min. Annual Income: ₱ 180000

Landline Required: Not required

UnionBank Cebu Pacific Platinum

Annual Fee

₱ 5,000 per year

Min. Annual Income

₱ 600,000

Monthly Effective Interest Rate

3 %

Things to consider for this product:

check

Travel points

check

Travel insurance

check

Airport lounge

remove

High income requirement

Terms and Conditions :

Step to Apply :

Credit Card Required: Not required

Required Documents :

Regular Employee

Government-issued ID
Valid TIN / SSS / GSIS or UMID number
Signed Certificate of Employment
Proof of income

Self-Employed

Government-issued ID
Valid TIN / SSS / GSIS or UMID number
Audited Financial Statements
Business registration/permits

Eligibility :

Minimum Age: 18 years old

Maximum Age: 70 years old

Min. Annual Income: ₱ 600000

Landline Required: Not required

Bank of Commerce World Mastercard

Annual Fee

₱ 6,000 per year

Min. Annual Income

₱ 1,200,000

Monthly Effective Interest Rate

3 %

Things to consider for this product:

check

Shopping points

check

Travel points

check

Travel insurance

remove

High income requirement

Terms and Conditions :

Step to Apply :

Credit Card Required: Not required

Required Documents :

Regular Employee

Government-issued ID
Signed Certificate of Employment
Active landline / mobile phone number
Proof of income

Self-Employed

Audited Financial Statements
Business registration/permits
Active landline / mobile phone number

Eligibility :

Minimum Age: 21 years old

Maximum Age: 65 years old

Min. Annual Income: ₱ 1200000

Landline Required: Required

RCBC Diamond Card Platinum Mastercard

Annual Fee

₱ 2,500 per year

Min. Annual Income

₱ 1,200,000

Monthly Effective Interest Rate

3 %

Things to consider for this product:

check

Free reward points

check

Travel insurance

check

Exclusive discounts

remove

High income requirement

UnionBank PlayEveryday

Annual Fee

₱ 1,500 per year

Min. Annual Income

₱ 360,000

info

₱30,000 Monthly

Interest Rate

3 %

Things to consider for this product:

check

Free reward points

check

Good for beginners

check

Exclusive discounts

RCBC JCB Classic

Annual Fee

₱ 1,500 per year

Min. Annual Income

₱ 180,000

info

₱15,000 Monthly

Interest Rate

3 %

Things to consider for this product:

check

Free reward points

check

Travel insurance

check

Exclusive discounts

check

Good for beginners

RCBC Classic Mastercard

Annual Fee

₱ 1,500 per year

Min. Annual Income

₱ 180,000

info

₱15,000 Monthly

Interest Rate

3 %

Things to consider for this product:

check

Free reward points

check

Travel insurance

check

Exclusive discounts

check

Good for beginners

UnionBank Go Rewards Gold Visa

Annual Fee

₱ 3,000 per year

Min. Annual Income

₱ 180,000

info

₱180,000 for carded individuals; ₱250,000 for non-carded individuals

Interest Rate

3 %

Things to consider for this product:

check

Free reward points

check

Exclusive discounts

check

Shopping points

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Good for beginners

Terms and Conditions :

Step to Apply :

Credit card requirement: Not required

Required Documents :

Regular Employee

Government-issued ID
Valid TIN / SSS / GSIS or UMID number
Proof of income: Signed Certificate of Employment, BIR 2316, latest 3 months payslips or ITR, 3 months copy of your Bank Statement of Account from another bank, proof of pension

Eligibility :

Minimum Age: 18 years old

Maximum Age: 70 years old

Min. Annual Income: ₱ 180000

Landline requirement: Not required

UnionBank Go Rewards Platinum Visa

Annual Fee

₱ 5,000 per year

Min. Annual Income

₱ 180,000

info

₱180,000 for carded individuals; ₱250,000 for non-carded individuals

Interest Rate

3 %

Things to consider for this product:

check

Free reward points

check

Airport lounge

check

Travel insurance

remove

Shopping points

Terms and Conditions :

Step to Apply :

Credit card requirement: Not required

Required Documents :

Regular Employee

Government-issued ID
Valid TIN / SSS / GSIS or UMID number
Proof of income: Signed Certificate of Employment, BIR 2316, latest 3 months payslips or ITR, 3 months copy of your Bank Statement of Account from another bank, proof of pension

Eligibility :

Minimum Age: 18 years old

Maximum Age: 70

Min. Annual Income: ₱ 180000

Landline requirement: Not required

UnionBank Miles+ Visa Signature

Annual Fee

₱ 5,000 per year

Min. Annual Income

₱ 360,000

Interest Rate

3 %

Offer Available

Get THIS welcome gift!

30,000 Miles

Valid until

31 December 2024

Things to consider for this product:

check

No expiry miles

check

Travel insurance

check

Airport lounge

Terms and Conditions :

Step to Apply :

Credit card requirement: Not required

Required Documents :

Regular Employee:

- Government-issued ID

- Valid TIN / SSS / GSIS or UMID number

- Signed Certificate of Employment

- Proof of income

Self-employed:

- Government-issued ID

- Valid TIN / SSS / GSIS or UMID number

- Audited Financial Statements

- Business registration/permits

Eligibility :

Minimum Age: 21 years old

Maximum Age: 70 years old

Min. Annual Income: ₱ 360000

Landline requirement: Not required

EastWest Dolce Vita Titanium Mastercard

Annual Fee

₱ 2,000 per year

Min. Annual Income

₱ 300,000

Interest Rate

3 %

Things to consider for this product:

check

Shopping points

check

Good for beginners

check

Low foreign currency conversion fee

remove

Exclusive discounts

Terms and Conditions :

Step to Apply :

Credit card requirement: Not required

Required Documents :

Regular Employee

-Valid TIN / SSS / GSIS or UMID number

- Photocopy of the latest BIR Form 2316 or W2

- Original Certificate of Employment and Income (COEI)

- 3 months original pay slip

Self-Employed

-Valid TIN / SSS / GSIS or UMID number

-Audited Financial Statements (if applicable)

Eligibility :

Minimum Age: 21 years old

Maximum Age: 65 years old

Min. Annual Income: ₱ 300000

Landline requirement: Not required

EastWest Platinum Mastercard

Annual Fee

Free

info

No annual fee for life

Min. Annual Income

₱ 1,800,000

Interest Rate

3 %

Things to consider for this product:

check

No Annual Fee

check

Travel insurance

check

Airport lounge

check

Shopping points

Terms and Conditions :

Step to Apply :

Credit card requirement: Not required

Required Documents :

Regular Employee

-Valid TIN / SSS / GSIS or UMID number

- Photocopy of the latest BIR Form 2316 or W2

- Original Certificate of Employment and Income (COEI)

- 3 months original pay slip

Self-Employed

-Valid TIN / SSS / GSIS or UMID number

-Audited Financial Statements (if applicable)

Eligibility :

Minimum Age: 21 years old

Maximum Age: 65 years old

Min. Annual Income: ₱ 1800000

Landline requirement: Not required

EastWest Gold Mastercard

Annual Fee

₱ 2,500 per year

Min. Annual Income

₱ 480,000

Interest Rate

3 %

Things to consider for this product:

check

Shopping points

check

Travel insurance

check

Contactless payment

remove

Exclusive discounts

Terms and Conditions :

Step to Apply :

Credit card requirement: Not required

Required Documents :

Regular Employee

-Valid TIN / SSS / GSIS or UMID number

- Photocopy of the latest BIR Form 2316 or W2

- Original Certificate of Employment and Income (COEI)

- 3 months original pay slip

Self-Employed

-Valid TIN / SSS / GSIS or UMID number

-Audited Financial Statements (if applicable)

Eligibility :

Minimum Age: 21 years old

Maximum Age: 65 years old

Min. Annual Income: ₱ 480000

Landline requirement: Not required

UnionBank Cash Back Visa Platinum

Annual Fee

₱ 4,500 per year

Min. Annual Income

₱ 180,000

info

₱250,000 for non-carded applicants

Interest Rate

3 %

Offer Available

Get THIS welcome gift!

₱5,000 cash credits

Valid until

31 December 2024

Things to consider for this product:

check

Supermarket rebate

check

Exclusive discounts

check

Good for beginners

check

Rebate cap applied

Terms and Conditions :

Step to Apply :

Credit card requirement: Not required

Required Documents :

Any government-issued & signed identification document
Photocopy of the latest BIR Form 2316 or W2
Original Certificate of Employment and Income (COEI)
1 month original pay slip

Eligibility :

Minimum Age: 21 years old

Maximum Age: 70 years old

Min. Annual Income: ₱ 180000

Landline requirement: Not required

UnionBank U Visa Platinum

Annual Fee

Free

info

No annual fees for life!

Min. Annual Income

₱ 180,000

Interest Rate

3 %

Offer Available

Moneymax Christmas Cheer Giveaway

WIN an Apple iPad Air 2024!

+ 1 other gift options

Valid until

31 December 2024

Things to consider for this product:

check

No Annual Fee

check

Nice card face

check

Good for beginners

check

Insurance payment rebate

Terms and Conditions :

Step to Apply :

Credit card requirement: Not required

Required Documents :

-Government-issued ID

- Proof of income: payslip, BIR Form 2316, Original Certificate of Employment, Latest 1700 or 1701 ITR with bank or BIR stamp

Foreign Nationals:

- ACR or valid passport

- Proof of local residency: ICR, ACR-I-Card with Permanent Visa status or more than 1 year validity, AEP with more than 1 year validity, SRIV, or SRRV

Eligibility :

Minimum Age: 21 years old

Maximum Age: 70 years old

Min. Annual Income: ₱ 180000

Landline requirement: Not required

HSBC Live+ Credit Card

Annual Fee

₱ 5,000 per year

info

Free on the first year

Min. Annual Income

₱ 200,000

Monthly Effective Interest Rate

3 %

2 Offers Available

Moneymax Christmas Cheer Giveaway

WIN an Apple iPhone 16 Pro!

+ 1 other gift options

Valid until

31 December 2024

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₱3,000 eGift

Valid until

31 January 2025

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JBL Flip 6

Valid until

31 January 2025

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Nescafe Dolce Gusto Piccolo XS

Valid until

31 January 2025

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Xiaomi Smart Band 9

Valid until

31 January 2025

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JBL Tune 520BT

Valid until

31 January 2025

Things to consider for this product:

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Generous cashback on all dining spend

check

Exciting cashback rates for fun

check

Exclusive deals in Southeast Asian countries

remove

Credit card required

Gift Options

WIN an Apple iPhone 16 Pro!; or
WIN an Apple AirPods Gen 4!

Gift Options

₱3,000 eGift; or
JBL Flip 6; or
Nescafe Dolce Gusto Piccolo XS; or
Xiaomi Smart Band 9; or
JBL Tune 520BT

How does a credit card work in the Philippines?

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A credit card is a small plastic card that allows you to spend money via credit to pay for goods or services at local and international stores. It is one of the more convenient, more flexible, and safer payment alternatives to cash and checks. But how exactly can this piece of plastic give you credit?

The process begins when you swipe or tap your credit card on the payment terminal. This will transmit your credit card information to the store’s acquiring bank for validation. If the store’s acquiring bank deems your credit card valid, it will approve your purchase and add it to your overall credit.

The payment terminal will print the receipt containing the transaction data. Usually, you’ll be asked to sign the receipt but some cards don’t require a signature if your purchases are below ₱2,000. Signing on the receipt means you agree to pay the amount you owe to your issuing bank.

Your issuing bank will consolidate the credit card charges you made into a statement and send it to you every month. You can pay the minimum amount due, but it is better to pay your credit in full before the due date to avoid extra fees.

The same process applies when you provide your credit card credentials to online shops. In a nutshell, using a credit card means paying with the money you don’t yet have. It’s the concept of “buy now, pay later,” if you will.

What are the different types of credit cards?

expand_more

There are many types of credit cards in the Philippines, each with its features and perks. Here are just some of the most common types out there so you can start to compare credit cards.

No Annual Fee Credit Cards are perfect for first-time credit cardholders because these cards don’t require annual fees to use. Apply for a credit card with no annual fees if you don't want the additional hassle that comes with owning one.
Rewards Credit Cards offer incentives in the form of exciting rewards. These cards earn you rewards points for every purchase you make with your credit card.

Cash Back Credit Cards offer rebates as an incentive for using your credit card. You can then use your rebates to save money or pay off your credit card balance. Out of all the credit card types, cash back credit cards are the most suitable for money-savvy shoppers.

Air Mile Credit Cards earn you air miles for every purchase made with your credit card. Apply for this credit card if you want to use air miles to book free flights here and abroad.

Travel Credit Cards offer exclusive travel perks aside from earning you air miles. The usual perks include free travel insurance, airport lounge access, and others.

What are the general qualifications to get a credit card?

expand_more

At least 21 years old
Filipino citizen or foreigner living in the Philippines
Home, office, or business location near a branch of the issuing bank
Active landline number or mobile phone number
At least 1 year of regular employment status or at least 2 years of profitable business for self-employed individuals
Minimum gross annual income ranging from ₱120,000 to ₱1 million

What are the credit card application requirements?

expand_more

Before you can start your credit card comparison in the Philippines, make sure you have your documents ready. The exact requirements may vary depending on the credit card provider, but here are the most common credit card requirements:

Completed and signed credit card application form
Valid ID with credit card applicant’s photo and signature
Employed applicants:
- Latest BIR form 2316
- Certificate of Employment
- Latest payslips of up to 3 months
Self-employed applicants
- Latest BIR form 1701
- Latest financial statements
Foreign residents:
- Alien Certificate of Registration or
- Immigrant Certificate of Registration
- Work Permits

How do I apply for a credit card in the Philippines?

expand_more

When you’re applying for a credit card for beginners, expect a straightforward process. You can apply in person at a branch of the issuing bank. For your convenience, you can also apply online from your chosen credit card provider’s website.

Pick the best credit card for your needs, lifestyle, and budget.
Go to the nearest branch of your chosen credit card provider.
Fill out and sign an application form.
Submit photocopies of the required documents. The bank staff may ask you to present the original copies for verification.

Processing of a credit card application, which includes credit history checks and verifications, can take two to three weeks. Feel free to contact your bank for a follow-up or check your credit card application status online. Upon approval, your new credit card will be delivered to your home or work address.

How do I get approved for a credit card?

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Before you can start to compare the credit card you want to others, know that you can increase your chances of approval by keeping these helpful tips in mind:

Settle Outstanding Debts

When you apply for a credit card, you're essentially borrowing money, which means it’s best to eliminate any outstanding debts under your name. Make a good impression on credit card providers by proving you’re a responsible applicant who can maintain a good credit score.

Prove that You Have a Stable Source of Income

You may have the impression that having a big, fat paycheck warrants easy approval of a credit card application. It’s true to some extent. But what banks check is the stability of your income stream.

You can prove that you have a stable source of income by presenting these essential documents: Certificate of Employment for employed applicants and business registration and ITR for self-employed applicants.

Open a Savings Account

This is ideal for anyone without a stable source of income, particularly freelancers and students. Open a savings account with the bank where you’re planning to apply for a credit card so you can easily get approved for a secured credit card.

Review the Requirements

Before you apply for a credit card online, make sure you’re eligible for it. Review all requirements and be ready for any additional documents the bank might ask from you. Go above and beyond and prepare the documents you think can help you get approved.

Choose a Cheaper Credit Card

If you apply for a cheaper credit card, there’s a big chance the requirements are a lot easier as well. Aim for a credit card that your budget can maintain. If possible, compare credit cards with lower interest rates or waived annual fees.

Learn How Not to Get Rejected

You can also increase your chances of getting approved by knowing the common reasons for rejection and trying your best to avoid them. Learn from the mistakes of others and adjust your strategy accordingly.

What is the best use for a credit card?

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Apart from the printed monthly statement of account, you can check your credit card bill via online banking, mobile banking, and e-mail. As for credit card payment, you can pay your credit card balance over the counter, online, or via payment centers like Bayad Center, Cebuana Lhuillier, and SM Bills Payment.

What credit card fees should I know about?

Credit cards come with corresponding fees, but you can avoid some of them when you use your credit card responsibly. Here are the most common fees to remember before you apply for a credit card online:

Annual Fee - the yearly charge for using your credit card
Finance Charge - the interest rate added to your credit card expenses
Late Payment Fee - additional charge for late credit card payments
Over the Limit Fee - the payment when you max out your credit card
Cash Advance Fee - additional charge for taking out a cash advance

What happens if I don't pay my credit card bill?

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Many things could happen if you don't pay your credit card bill. First, you can easily build up credit card debt. When you skip a payment, your unpaid balance will go over to the next billing cycle, which will then include a finance charge and a late payment fee. This can also lead to a bad credit score, which will jeopardize your chances of getting a new credit card. And more importantly, you’ll end up losing your credit card perks.

How do banks determine my credit card limit?

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Banks conduct credit evaluations when deciding an applicant's credit limit. To accurately determine your creditworthiness, banks consider a variety of factors such as your income, credit history, and debt-to-income ratio.

What should I do after receiving my credit card?

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Sign the back of your card. This is for your security and convenience.

Activate your credit card. Your new card comes with instructions to activate your credit card. It usually involves calling the bank’s hotline or sending an SMS.

Link your credit card to your banking app. Monitor your credit card transactions and view your monthly billing statements on the go with your preferred banking app. You can also schedule your credit card payments online to avoid missing a due date.

Read the terms and conditions. Make sure to read and understand the fine print before using your new card. Take note of the credit limit, rewards, and other benefits, as well as the annual fee, finance charge, and other credit card fees.

Store it in a safe place. Put your card in your wallet if you’ll use it often. You can also place it in a secure drawer at home if you’ll only use it for emergencies.

My credit card application was denied. What should I do?

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Just because you were denied a credit card doesn't mean you can't be approved the next time. To increase your chances of approval, wait at least three months to re-apply. This is to avoid hurting your credit score and also give you enough time to compare credit cards until you find the right one for you.

Can I make only the minimum payment on my credit card?

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Making only the minimum payment is not the best way to pay the bills! If you just make the minimum payment on the credit card, the bank would charge you compound interest, which means you might owe more and more money and carry long-term debt. Cardholders are recommended to assess their repayment ability before using their credit cards, and pay off all outstanding debt as soon as possible.

How many credit cards should I own?

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In the past, most people think we should not own too many credit cards, as it might lead to over-consumption or missing payment. With the development of modern society and more credit card offers, many of us own several credit cards for various purposes, such as one for overseas spending, one for earning Asia Miles, and the other one for monthly instalments.

Please note that if you always pay your credit card bill after the due date while owning many credit cards, your credit score could drop, which is likely to affect your credit card, mortgage and loan application.

How to prevent credit card fraud?

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To protect yourself from credit card fraud, you should keep your credit card and personal information (including credit card numbers and security code) safe and never disclose your passwords or personal information to anyone. You should also keep record of all credit card transactions and check bank statements regularly. Report any suspicious transactions to your financial institution or bank immediately to avoid financial loss.

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