28 Best Credit Cards in the Philippines: Features, Benefits, and Fees

Now that more Filipinos are turning to cashless payments, having a credit card is no longer just a status symbol. Rather, it's a necessity.

Credit cards make payments more convenient, safe, and easy on the budget. 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, then you need to find the credit card that suits your needs best. Here's a comprehensive list of the best credit cards in the Philippines for different spending categories this 2023.

What is the Best Credit Card in the Philippines?

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, among others. Also, each credit card in the Philippines 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 for You

👉 Minimum Income and Other Requirements

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 certain 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 take a look at the foreign currency transaction fee.

These credit card fees may not seem much, but they add up over time. To save money, compare the fees and charges of different credit cards and go for 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.

👉 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?

Best Credit Cards in the Philippines for Beginners

💳 Citi Simplicity+ Card

• Annual fee: No annual fee for life
• Interest rate: 3%
• Minimum monthly income requirement:
  • For starters: ₱20,833.33
  • For existing cardholders: ₱15,000
• Other eligibility requirements:
  • 21 years old and above
  • Active landline or mobile number
  • Valid TIN, SSS, GSIS, or UMID number

Citibank makes owning a credit card simple for first-timers through the Simplicity+ Card. This beginner-friendly card doesn't charge annual fees, late payment fees, and overlimit fees.

Note: This product is sold by Union Bank of the Philippines, using certain trademarks temporarily under license from Citigroup Inc. and related group entities.

Read more: Citibank Promo 2022: Swipe Your Way Through the Best Credit Card Deals

💳 BPI Blue Mastercard

• Annual fee: ₱1,550 (free for the first year)
• Interest rate: 3%
• Minimum monthly income requirement: ₱15,000
• Other eligibility requirements:
  • 21 to 60 years old
  • Any government-issued and signed ID
  • Original Certificate of Employment and Income (COEI)
  • 2 months' worth of original pay slips

Looking for a credit card with a low income requirement, a low annual fee, and flexible installment plans? The BPI Blue Mastercard is the sensible choice for beginners. 

💳 AUB Classic Mastercard

• Annual fee: No annual fee for life
• Interest rate: 3%
• Minimum monthly income requirement: ₱21,000
• 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

All AUB credit cards' annual fees are waived for life. But the easiest to own are the Classic Mastercard and Easy Mastercard because of their lower income requirement. They're also the most flexible in terms of monthly payment frequency, due date, and minimum amount due.

💳 Metrobank M Free Mastercard

• Annual fee: No annual fee for life
• Interest rate: 3%
• Minimum monthly income requirement: ₱72,250

For first-timers, a credit card from one of the major banks in the Philippines is within reach. Case in point: the Metrobank M Free Mastercard with a waived annual fee for life and a low income requirement.

Best Rewards Credit Cards in the Philippines

🎁 Citi Rewards Card

• Rewards rate:
  • 1 point per ₱30 spend
  • 3x points on shopping and dining transactions
• Annual fee: ₱2,500 (free for the first year)
• Interest rate: 3%
• Minimum monthly income requirement:
  • For new cardholders: ₱20,833.33
  • For existing cardholders: ₱15,000

Points earned with the Citi Rewards Card don't expire, so you can keep accumulating them until you want to redeem your rewards.

Read more: Moneymax Reviews: How Rewarding is a Citi Rewards Card?

Note: This product is sold by Union Bank of the Philippines, using certain trademarks temporarily under license from Citigroup Inc. and related group entities.

🎁 BPI Platinum Rewards Mastercard

• Rewards rate:
  • 2x points for every ₱30 local spend
  • 2x points for every ₱20 foreign currency spend online and abroad
• Other notable perks: Up to ₱10 million free travel insurance, up to 180 days of purchase protection insurance, and up to four complimentary airport lounge passes to over 1,300 lounges worldwide when you meet the spend requirement
• Annual fee: ₱4,000 (free for the first year)
• Interest rate: 3%
• Minimum monthly income requirement: ₱83,333

If you're a frequent shopper both here and abroad, get the BPI Platinum Rewards Mastercard. Maximize its generous rewards program and enjoy 0% interest installment plans on airfares.

🎁 HSBC Red Mastercard

• Rewards rate:
  • 4x bonus points on online, dining, shopping, and overseas transactions
  • 1 bonus point per ₱20 spend on other categories
• Other notable perks: 6% rebate on the first Caltex fuel purchase plus 3% fuel rebate all year round
• Annual fee: ₱2,500 (free for the first year)
• Interest rate: 3%
• Minimum monthly income requirement: ₱16,666.67

The HSBC Red Mastercard is the best credit card in the Philippines for frequent shoppers. It lets you accumulate points fast. Use them to redeem gift certificates, air miles, and items. Check out our HSBC Red Mastercard review for more details about this card.

Read more: HSBC Credit Card Promos You Should Not Miss

🎁 RCBC Flex Visa

• Rewards rate:
  • 2x rewards points on two preferred categories (options include dining, clothing, travel, or transportation)
  • Shopping vouchers, cash rebates, cash credit, or air miles for your rewards points
• Interest rate: 3%
• Annual fee: ₱1,500
• Minimum monthly income requirement: ₱15,000

Enjoy flexibility in spending and collect points that you can use to redeem your desired rewards. You also enjoy exclusive perks whenever you travel. Check out our RCBC Flex Visa Review.

🎁 Security Bank Gold Mastercard

• Rewards rate: 1 point per ₱20 spend
• Other perks:
  • Non-expiring rewards points and exclusive offers from select stores
  • SecureCode for safe online transactions
  • Unlimited access to the Marhaba Lounge at NAIA Terminals 1 and 3
• Interest rate: 3%
• Annual fee: ₱2,500 (waived for the first year)
• Minimum monthly income requirement: ₱40,000

With rewards points that don't expire, worldwide acceptance, an exciting rewards catalog, and more exclusive perks, the Security Bank Gold Mastercard is the perfect companion for all avid shoppers out there. 

Best Cashback Credit Cards in the Philippines

💸 Citi Cash Back Card

• Cashback rate:
  • Groceries: Up to 6%
  • Meralco bill payments: Up to 2%
• Maximum monthly rebate: ₱1,250
• Annual fee: ₱4,500 (free for the first year)
• Interest rate: 3%
• Minimum monthly income requirement:
  • For starters: ₱20,833.33
  • For existing cardholders: ₱15,000

Use the Citi Cash Back Card for your purchases in supermarkets to earn a high rebate rate of up to 6%. You can also save money when you use it to pay for your Meralco bills.

Read more: Moneymax Reviews: Save on Essentials with a Citi Cash Back Card

Note: This product is sold by Union Bank of the Philippines, using certain trademarks temporarily under license from Citigroup Inc. and related group entities.

💸 BPI Amore Cashback Card

• Cashback rate:
  • Supermarkets: 4% 
  • Drugstores and utilities: 1% 
  • Other local retail spend: 0.3%
• Maximum annual rebate: ₱15,000
• Annual fee: ₱2,050 (free for the first year)
• Interest rate: 3%
• Minimum monthly income requirement: ₱30,000

Although this BPI credit card is also one of the best credit cards in the Philippines for shopping, it's ideal for people who often spend on groceries, medicines, and utilities, since it offers a high cashback rate of up to 4%.

💸 Metrobank Cashback Visa

• Cashback rate:
  • Groceries, telecom, school, and bookstore spend: Up to 8%
  • All other purchases: 0.20%
• Maximum monthly rebate: ₱1,000
• Annual fee: ₱3,500 (free for the first year)
• Interest rate: 3%
• Minimum monthly income requirement: ₱29,166.67

This family-friendly credit card currently offers one of the highest cashback rates of up to 8% on essentials such as groceries, school tuition, and bills for mobile, internet, cable, and streaming services. You can maximize your savings with your essential spending using the Metrobank Cashback Visa credit card.

💸 Security Bank Complete Cashback Platinum Mastercard

• Cashback rate:
  • Groceries: 5%
  • Fuel: 4%
  • Utilities: 3%
  • Dining: 2%
  • Shopping: 1%
• Maximum monthly rebate: ₱1,000
• Annual fee: ₱3,000 (free for the first year)
• Interest rate: 3%
• Minimum monthly income requirement: ₱65,000

Security Bank offers a five-tiered rebate system on its cashback credit card. You can earn cashback on the five most essential expenses—groceries, gas, utility bills, dining, and shopping—as long as they're swiped transactions in the Philippines. The rebate rates apply no matter how much you spend. Your rebate gets immediately credited to your credit card balance.

💸 UnionBank Gold Mastercard

• Cashback rate: 1% cashback on all purchases
• Maximum monthly rebate: No cap and no expiry
• Annual fee: ₱2,500
• Interest rate: 3%
• Minimum monthly income requirement: ₱30,000

You don't need to keep track of a lot of spending categories because you get 1% cashback on any purchase anywhere. 

Read more: UnionBank Credit Card Promos: Exciting Deals and Discounts This 2022

💸 UnionBank Platinum Mastercard

• Cashback rate: 1% on all purchases
• Maximum monthly rebate: None
• Other notable perks: Free lounge access at NAIA Terminals 1 and 3
• Annual fee: ₱3,000
• Interest rate: 3%
• Minimum monthly income requirement: ₱50,000

Unlike most cashback credit cards in the Philippines, UnionBank offers a fixed rebate rate of 1% regardless of the spending category. Another unique feature of this cashback credit card is that there's no limit to how much rebate you can earn in a month or year. Cashback earned doesn't expire, so it can be redeemed anytime you want.

Best Credit Cards in the Philippines for Online Shopping

🛒 Metrobank ON Virtual Mastercard

• Rewards rate: 1 point per ₱20 spend
• 0% installment program: Pay for big-ticket purchases in 3, 6, 9, 12, 18, or 24 monthly installments
• Flexible credit limit: Transfer the credit limit of your physical card to your ON virtual card
• Other perks: Discounts, gifts, and other deals at M Here partner establishments
• Annual fee: ₱500 (free for the first year)
• Interest rate: 3%
• Minimum monthly income requirement: ₱15,000

Metrobank's ON Virtual Mastercard is the best credit card in the Philippines for online shopping because it provides security and flexibility. Cardholders are protected against product and/or delivery issues such as incomplete, damaged, or wrong items.

The ON virtual card earns points quickly for all online transactions. Use them to redeem air miles, Lazada and Shopee vouchers, Globe/Smart prepaid load, GrabPay credits, and more.

When you need to spend more on your online purchases, transfer the credit limit of your physical Metrobank credit card to your virtual card.

Get the Metrobank ON Virtual Mastercard as a companion card when you apply and get approved for a regular Metrobank credit card. Receive the virtual card as fast as 24 hours after approval.

🛒 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^[1]
• 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 (free 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.

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.

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 can be accessed through the UnionBank Online app) with a different card number for online transactions.

🛒 BPI eCredit Card

• Rewards rate: 1 point per ₱35 spend
• Annual fee: Free for life
• Interest rate: 3%
• Minimum monthly income requirement: ₱15,000

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 that's designed for online use and added security.

Best Credit Cards in the Philippines for Travel

✈️ BPI Visa Signature

• Air miles earn rate: ₱50 spend = 1 mile
• Other travel perks:
  • Up to ₱20 million free travel accident and inconvenience benefit
  • Complimentary access to the PAGSS international lounges in NAIA 1 and NAIA 3
  • 50% off deals on hotels, resorts, and more
• Annual fee: ₱5,500
• Interest rate: 3%
• Minimum monthly income requirement: ₱100,000

BPI Visa Signature offers the lowest credit card points to miles conversion in the market at ₱50 = 1 mile. You can also earn rewards fast: 2 BPI Points per ₱20 spend.

Use this BPI credit card to enjoy travel insurance, complimentary access to airport lounges, exclusive discounts, and low forex conversion rates of just 1.85%—perfect for when you shop for pasalubong abroad.

✈️ HSBC Platinum Visa Rebate

• Travel rebate rate: 5% cashback on travel and shopping (including online) transactions
• Other travel perks: Free travel insurance
• Other notable perks:
  • 1% rebate on insurance and 0.50% on all other spend
  • 6% rebate on the first Caltex fuel purchase plus a 3% fuel rebate all year round
• Annual fee: ₱5,000 (free for the first year)
• Interest rate: 3%
• Minimum monthly income requirement: ₱41,666.67

This HSBC credit card suits frequent travelers because of its high cashback rate for travel and shopping spend, plus plenty of other exciting perks.

✈️ Security Bank Platinum Mastercard

• Air miles earn rate: 2x points per ₱25 spend 
• Other travel perks:
  • Dual currency billing
  • Complimentary airport lounge access in over 500 airports worldwide
• Annual fee: ₱4,000
• Interest rate: 3%
• Minimum monthly income requirement: ₱65,000

Earn points quickly with the Security Bank Platinum Mastercard. You earn two points for every ₱25 spend. You can also pay bills easily with its dual currency billing feature.

✈️ RCBC AirAsia Credit Card

• Air miles earn rate: 1 AirAsia point per ₱22 spend
• Other travel perks:
  • Welcome gift: Up to 8,000 BIG Points
  • Access to world-class airport lounges
  • 0% installment on purchases abroad
  • Bonus travel limit
  • Accepted globally
• Annual fee: ₱300 per month (free for the first year)
• Interest rate: 3%
• Minimum monthly income requirement: ₱20,833.33

Powered by RCBC, the AirAsia Credit Card allows you to quickly earn points from your local and international purchases. Accumulated points can be redeemed for free AirAsia flights or vouchers from Lazada, SM Gift Pass, Grab, and more. It also comes with perks that make your pre-departure and in-flight experiences more convenient.

✈️ RCBC Visa Platinum

• Air miles earn rate: 1 Asia Mile/PAL Mabuhay Mile/Cebu Pacific GetGo Point/AirAsia BIG Point for each of the following transactions:
  • ₱25 overseas spend
  • ₱48 local spend
  • ₱125 supermarket/fuel/drugstore purchase
  • ₱250 utility bills payment
• Other travel perks:
  • 100% temporary increase in credit limit during the cardholder's travel period
  • Up to ₱5 million travel insurance and purchase protection insurance
  • Unlimited free lounge access at NAIA Terminals 1 and 3
  • Free access to more than 1,300 airport VIP lounges worldwide
  • 24/7 concierge service for trip planning, hotel/flight/car rental/restaurant reservations, etc.
• Annual fee: ₱5,000 (free for the first year)
• Interest rate: 3%
• Minimum monthly income requirement: ₱100,000

The RCBC Visa Platinum is the best credit card in the Philippines for travelers who fly with different airlines such as PAL, AirAsia, Cebu Pacific, and Cathay Pacific. You can earn air miles particularly quickly when you use this card for overseas spending. This RCBC credit card also comes with a lot of travel benefits.

Best Credit Cards in the Philippines for Fuel Purchases and Auto Services

🚘 Shell Citi Card

• Rebates: Up to 5% on Shell fuel purchases, Autosweep RFID and Easy Trip tollway load purchases, and car repairs, accessories, and services nationwide
• Annual fee: ₱2,500 (Gold) / ₱2,800 (Platinum)
• Interest rate: 3%
• Minimum monthly income requirement:
  • For starters: ₱20,833.33
  • For existing cardholders: ₱15,000

If you often gas up at Shell gas stations, you can save money through rebates on your fuel purchases, toll fee payments, and auto services with this Citibank credit card.

Note: This product is sold by Union Bank of the Philippines, using certain trademarks temporarily under license from Citigroup Inc. and related group entities.

🚘 Petron-BPI Mastercard

• Rebates: 3% fuel rebate at participating Petron stations nationwide
• Other notable perks: Free ₱200 fuel voucher for first-time cardholders
• Annual fee: ₱1,550 (free for the first year)
• Interest rate: 3%
• Minimum monthly income requirement: ₱15,000

The Petron-BPI Mastercard is the practical motorist's choice. Earn 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.

🚘 Metrobank Toyota Mastercard

• Discount: 10% off on genuine accessories, parts, and labor at all Toyota dealerships
• Rebates: 3% fuel rebate at participating Petron stations nationwide
• Rewards:
  • 2x points per ₱20 spend at the cardholder's preferred Toyota dealer
  • 1 point per ₱20 spend on all other transactions
• Other notable perks: 24/7 roadside assistance
• Annual fee: ₱2,500 (free for the first year)
• Interest rate: 3%
• Minimum monthly income requirement: ₱15,000

Metrobank claims that the Toyota Mastercard is the first complete motorist credit card in the Philippines. True enough, it lets cardholders enjoy discounts, rewards, rebates, and other perks.

Best Credit Cards in the Philippines for Dining

🍽️ BPI Amore Platinum Cashback

• Rebates:
  • 4% cash back on dining and online delivery
  • 1% cash back on supermarkets and department store
  • Up to 0.3% cash back on other international and local retail purchases 
• Annual fee: ₱5,000 (free for the first year)
• Interest rate: 3%
• Minimum monthly income requirement: ₱83,333

Love discovering new restaurants? Use BPI Amore Platinum Cashback to earn as much as 4% cashback on restaurants and online food deliveries—whether you're dining locally or internationally! 

🍽️ HSBC Gold Visa Cash Back

• Rebates:
  • 5% rebate on dining all year round
  • 0.50% rebate on all other transactions all year round
  • 1% rebate on overseas and back-to-school purchases on select months of the year
  • 6% rebate on the first Caltex fuel purchase plus a 3% fuel rebate all year round
• Annual fee: ₱2,500 (free for the first year)
• Interest rate: 3%
• Minimum monthly income requirement: ₱16,666.67

HSBC offers a high cashback rate of 5% on dining transactions with its Gold Visa Cash Back card, so you can save money when you pay for your dining bill in restaurants. Cashback earned using this card gets automatically credited to your account.

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.

Source: ^[1] UnionBank Lazada Credit Card page