7 Best Credit Cards for Filipino Millennials on a Budget

Venus Zoleta

Venus Zoleta

Last updated May 18, 2022

If you're in your 20s or 30s looking for your first credit card, then you're already one step ahead of other millennials who are wary of owning a plastic card. In itself, a credit card helps you manage your finances better than cash. Using one also helps build your credit history, which will come useful when you apply for a loan or another credit card in the future.

But then choosing the best credit cards for millennials can be quite overwhelming, what with the many choices available in the Philippines.

To trim down your options, look for credit cards with low annual fees (preferably cards that don't charge this fee), low income requirement (especially if you're earning PHP 15,000 or below), and rewards for the types of purchases you frequently make. Here are the top credit cards for millennials in the Philippines:

1. AUB Easy Mastercard

  • Best for: Millennials who want affordable and flexible credit card payments
  • Monthly income requirement: PHP 21,000
  • Annual fee: No annual fee for life
  • Interest rate: 2%

The AUB Easy Mastercard is one of the most inexpensive credit cards in the Philippines. Its annual fee is free for life, which means savings on your credit card payment.

This credit card helps you manage your credit card bills and payment according to your budget by letting you choose how often (weekly, semi-monthly, or monthly), when, and how much to pay. Such flexibility enables you to pay your bills in full and on time and to build a good credit history.

Read more: Get Them While They’re Hot: AUB Credit Card Promos This 2022

2. Citi Rewards Card

  • Best for: Millennials who frequently shop online
  • Monthly income requirement: PHP 20,833
  • Annual fee: Free for the first year, PHP 2,500 after
  • Interest rate: 2%

If you are the type who purchases your essentials online, then the Citi Rewards cards is one of the best credit cards for millennials you should consider. With this card, you get to earn one rewards point for every PHP 30 you spend which you can use to redeem discount offers from Citi partner merchants nationwide. You also get 3x points when you dine and shop online.

Read more: Enjoy the Citi Life: 17 Exciting Citibank Credit Card Promos This 2022

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

moneymax citibank marshall willen gcash promo

 

3. Metrobank ON Virtual Mastercard

  • Best for: Millennials who often make payments online
  • Monthly income requirement: PHP 15,000
  • Annual fee: PHP 500 (free for the first year)
  • Interest rate: 2%

Shopping and other financial transactions on the internet are secure with this Metrobank credit card. When you use it at participating online merchants, you'll receive a one-time password on your phone for completing your transaction. You won't have to worry about unauthorized online purchases using your credit card information.

The Metrobank ON Internet Mastercard is also ideal for millennials with a limited budget, with its low annual fee that's free for the first year. Definitely one the credit cards for millennials worth considering.

4. HSBC Gold Visa

  • Best for: Millennials who are conscious with their spending
  • Monthly income requirement: PHP 16,667
  • Annual fee: PHP 2,500
  • Interest rate: 2%

Do you think about your expenses all the time? Consider applying for an HSBC Gold Visa Cash Back. This cashback card is one of the top credit cards for millennials who enjoy rebates with every spend. Earn 5% cashback on all your dining transactions, 3% every time you fuel up at Caltex, and 0.5% on all other transactions.

Read more: Best Cashback Credit Cards to Help You Save Money on Every Swipe

moneymax hsbc gcash instax mini promo

5. BPI Edge Mastercard

  • Best for: Millennials who are hip and trendy yet money-savvy
  • Monthly income requirement: PHP 15,000
  • Annual fee: PHP 110 per month (free for the first year)
  • Interest rate: 2%

The BPI Edge Mastercard is designed for young adults who are always on the lookout for the latest trends in fashion, electronics, and events. Cardholders enjoy discounts, rewards (one point per PHP 50 spent), and other exclusive perks at shops, restaurants, and clubs. It is one of the best credit cards for millennials who are sophisticated but on a budget.

6. RCBC Mango Mastercard

  • Best for: Millennials who often shop at Mango stores
  • Monthly income requirement: PHP 15,000
  • Annual fee: PHP 100 per month (free for the first year)
  • Interest rate: 2%

If you're a frequent shopper at Mango stores, you might as well get a credit card that maximizes your purchases. This co-branded card from RCBC offers exclusive sale and 0% installment (three and six months) at any Mango store.

This RCBC credit card also allows you to earn non-expiring rewards points from grocery, medicine, and fuel, purchases that can be exchanged for shopping vouchers or credit to the cardholder's account.

Read more: 10 Advantages of Credit Cards for People Who Are Afraid to Get One

Final Thoughts

Which of these best credit cards for millennials are you considering? Eyeing something else? Make sure you compare your options well.

Compare and apply for a credit card with Moneymax!

Venus leads the blog content strategy and optimization at Moneymax as the Head of Editorial Content. She has 15+ years of experience in content marketing, corporate communications, and public relations. Venus graduated cum laude with a Journalism degree from the University of the Philippines Diliman. Before joining Moneymax, Venus had written informative guides and articles, specializing in personal finance and digital marketing. She also invests in stocks, mutual funds, VUL, and Pag-IBIG MP2. A hardcore Hallyu Tita, she enjoys bingeing K-dramas on Netflix while bonding with her rescued cats. Follow Venus on LinkedIn.