Best Credit Cards for Gadget Shopping in the Philippines

by Venus Zoleta, on category "Credit Card"

September 18, 2019


Best Credit Cards for Gadget Shopping Philippines | Moneymax

The ber month season is here, and so is the mad rush for holiday gift shopping. If you plan to buy anything tech this year, you might already be anticipating how complicated it can be. Paying in cash for large purchases is great, but it would take months (or even years) to save up for a mid-range or high-end gadget that could cost more than your monthly salary.

This is why using a credit card to pay for big-ticket items such as mobile phones, laptops, cameras, and speakers makes a sensible choice. It lets you rack up more rewards points and make your payments more manageable.

Here’s a simple guide to help you find the perfect card for your tech shopping needs.

4 Features to Look for in a Credit Card for Gadget Shopping

Best Credit Cards for Gadget Shopping - Credit Card Features

1. Zero-Percent Installment Plan

The best credit cards for gadget shopping offer flexible installment terms at 0% interest, making payments easier on the budget. Instead of being charged the full price for the next billing cycle, you may have it divided into more affordable installments over a period ranging from three to 36 months.

2. Credit Card Rewards

It’s easy to maximize credit card rewards if you use your card mostly for large purchases such as smartphones, tablets, cameras, and laptops. So get a card that lets you earn rewards points for every purchase you make.

3. Free Purchase Protection Insurance

A useful credit card feature, purchase protection insurance gets you covered when a gadget you bought using your card is stolen or accidentally damaged within 90 days from the date of purchase.

4. Credit Card Promos for Gadget Purchases

Every now and then, credit card providers (usually Metrobank, BDO, BPI, Citibank, PNB, EastWest Bank, RCBC, and Security Bank) offer exclusive promos such as discounts, rebates, freebies, and extended warranties to cardholders. An extended warranty, in particular, is a great promo to avail, as the bank will reimburse you when something goes wrong with your purchased item.

Read More: Don’t Miss These EastWest Bank Credit Card Promos for 2019

7 Best Credit Cards for Gadget Shopping

1. Metrobank World Mastercard

Best Credit Cards for Gadget Shopping - Metrobank World Mastercard

Metrobank’s most premium credit card is a good choice among the best credit cards for shopping if you often purchase products from your favorite electronics brands—and your income is enough to afford them.

Packed with the right features for tech enthusiasts, the Metrobank World Mastercard offers purchase protection coverage against theft or accidental damage for 90 days from purchase date. Cardholders can get extended warranty if the original manufacturer’s warranty is two years or less.

The World Mastercard also has a high credit card limit that allows large purchases such as high-end smartphones, laptops, and cameras. Paying for gadgets bought using this Metrobank credit card is made easy through 3, 6, 9, 12, 18, or 24 monthly installment terms.

Read more: Credit Card Limit: What is It and How Do Banks Determine It?

Metrobank World Mastercard Key Features and Benefits

  • Annual fee: PHP 6,000 (free for the first year)
  • Interest rate: 3.54%
  • Minimum monthly income requirement: PHP 333,333.33
  • Rewards program: 1 rewards point for every PHP 20 purchase
  • 0% Installment program: Up to 24 monthly installments at zero interest
  • High credit limit
  • Extended warranty for up to one year
  • Up to PHP 250,000 purchase protection insurance
  • Up to PHP 5 million travel accident insurance
  • 24-hour concierge service

2. Metrobank ON Internet Mastercard

Best Credit Cards for Gadget Shopping - Metrobank ON Internet Mastercard

Do you buy gadgets online? Consider the Metrobank ON Internet Mastercard, which is one of the best credit cards for gadget shopping on e-commerce stores.

Designed for online shoppers, this Metrobank credit card allows a more secure transaction over the internet compared to traditional cards. Each time you use it to pay for your online purchase, you’ll automatically receive a one-time password (OTP) on your mobile phone, which you’ll input during checkout to complete your transaction. This OTP feature deters fraudsters from making unauthorized transactions using your credit card details.

Like other Metrobank credit cards, the ON Internet Mastercard enables the cardholder to earn 1 rewards point for every PHP 20 charged to the card. PHP 500 online shopping credits can be redeemed for every 10,100 points earned.

Metrobank ON Internet Mastercard Key Features and Benefits

  • Annual fee: PHP 500 (free for the first year)
  • Interest rate: 3.54%
  • Minimum monthly income requirement: PHP 15,000
  • Rewards program: 1 rewards point for every PHP 20 purchase

3. HSBC Red Mastercard

Best Credit Cards for Gadget Shopping - HSBC Red Mastercard

HSBC allows Red Mastercard cardholders to easily rack up rewards points using their card. Every PHP 20 charged to the card earns one point.

Online, overseas, dining, and shopping transactions earn 4 bonus points per PHP 20 spend. Imagine how fast you can accumulate points when you use your card for big-ticket items like gadgets.

Another notable feature of the HSBC Red Mastercard is the Card Installment Plan. Using the card, you can pay for purchases in 3, 6, 9, 12, 18, or 36 monthly installments at partner merchants such as Abenson, Automatic Centre, Camerahaus, PC Express, Powermac, Villman, Western Appliances, and more.

HSBC Red Mastercard Key Features and Benefits

  • Annual fee: PHP 1,500 (free for the first year)
  • Interest rate: 3.50%
  • Minimum monthly income requirement: PHP 16,666.67
  • Rewards program: 1 rewards point for every PHP 20 purchase and 4 bonus points for every PHP 20 spent on overseas, online, dining, or shopping transaction
  • Card Installment Plan: 0% interest on up to 36 monthly installments
  • Balance transfer

4. Citi Rewards Visa

Best Credit Cards for Gadget Shopping - Citi Rewards Visa Card

The Citi Rewards Card has one of the best credit card rewards program in the Philippines, making it a great choice in our list of best credit cards for gadget shopping. It’s easy to accumulate points (1 point per PHP 30 spend) using the card, more so if it’s for buying electronics and gadgets.

You also get triple rewards points when you shop and dine. There’s no limit on the points you can earn. Because points never expire, you can use them anytime to pay for purchases at participating establishments.

Citibank’s rewards credit card also comes with the Citi PayLite Installment Plan with 0% interest on 3, 6, 9, 12, 18, or 24 monthly installments. Cardholders can avail of this privilege for a minimum single or accumulated purchase of PHP 3,000.

Citi Rewards Visa Key Features and Benefits

  • Annual fee: PHP 2,500
  • Interest rate: 3.50%
  • Minimum monthly income requirement:
    • PHP 15,000 (for those with an existing credit card for at least six months)
    • PHP 20,833.33 (for first-timers and those with an existing credit card for less than six months)
  • Rewards program: 1 rewards point for every PHP 30 purchase
  • Citi Paylite Installment Plan: 0% interest or low monthly interest rates on up to 24 monthly installments
  • Welcome gift worth PHP 5,000 for new Citibank credit cardholders

5. PNB Platinum Mastercard

Best Credit Cards for Gadget Shopping - PNB Mastercard Platinum

PNB is one of the few credit card providers in the Philippines that offer purchase protection insurance. Gadgets bought using the PNB Platinum Mastercard are covered against theft and accidental damage for 90 days from purchase date.

For a minimal fee of PHP 120 per year, PNB cardholders can avail of fraud transaction insurance that will protect them against unauthorized charges when their card is lost/stolen, or used to make fraudulent transactions.

Rewards points earned from the Platinum Mastercard can be used to redeem either cash credits or Mabuhay Miles.

Paying for gadget purchases is easy and affordable through flexible payment terms of 3, 6, 9, 12, 18 up to 24 months.

Key Features and Benefits

  • Annual fee: PHP 3,000
  • Interest rate: 3.25%
  • Minimum monthly income requirement: PHP 10,000
  • Rewards program: 1 rewards point or 1 Mabuhay Mile for every PHP 50 purchase / PHP 1 cash credit for every PHP 200 purchase
  • Zero % Affordable Payment Plan: 0% interest on installment up to 24 months
  • Up to PHP 3 million travel insurance
  • Fraud transaction insurance
  • Dual billing
  • Balance transfer

6. BDO Gold Mastercard

Best Credit Cards for Gadget Shopping - BDO Gold Mastercard

For a minimum single purchase of PHP 3,000, cardholders can opt to pay in installments of 3, 6, 9, 12, 18, 24, or 36 months using the BDO Gold Mastercard at more than 11,000 partner merchants in the Philippines.

When you spend at least PHP 300,000 per year with this BDO credit card (which is very likely if you often use the card for gadget shopping), you’ll automatically get an annual fee waiver.

Read more: Save on Your Credit Card Bill: Avoid These 7 Credit Card Fees

BDO also has an ongoing promo for Gold Mastercard owners that gives up to PHP 10,000 cash rebate for online and other types of purchases (groceries, fuel, medicines, and dining). This BDO credit card promo is valid until November 15, 2019.

BDO Gold Mastercard Key Features and Benefits

  • Annual fee: PHP 2,400 (free for the first year)
  • Interest rate: 3.25%
  • Minimum monthly income requirement: PHP 35,000
  • Rewards program: 1 rewards point for every PHP 50 purchase
  • EasyPay Installment program: 0% interest on up to 36 monthly installments
  • EasyPay Convert Program: Convert any online purchase into monthly installments
  • 0% Interest and Buy Now, Pay Later installment schemes
  • Comes with a free BDO Virtual Card for secure online shopping

7. UnionBank Gold Mastercard

Best Credit Cards for Gadget Shopping - Unionbank Gold Mastercard

This UnionBank card is the best cashback credit card for gadget shopping, as it lets cardholders earn a 1.5% rebate on all purchases. There’s no limit on how much cashback you can earn in a year.

The 0% installment plan is available on the UnionBank Gold Mastercard. For at least PHP 3,000 purchase using the card, you can choose to pay in installments for up to 36 months at 0% interest from partner stores, including Abensons, Automatic Centre, Dell, Acer, Sony, Digital Walker, Octagon, OPPO, iStudio, Canon, and more.

UnionBank Gold Mastercard Key Features and Benefits

  • Annual fee: PHP 2,500
  • Interest rate: 3.50%
  • Minimum monthly income requirement: PHP 50,000
  • 1.5% cashback on all purchases, including electronics and gadgets
  • 0% interest on up to 36 monthly installments

Final Thoughts

These best credit cards for gadget shopping makes paying for your favorite tech products easier on the budget while letting you maximize the perks of owning your card. You can further protect yourself financially when your newly purchased gadget gets broken or stolen by getting a smartphone insurance plan.

Get a credit card that suits your budget and needs!