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Best Credit Cards for Millennials and Gen Zs in 2023

Princess Anaviso

Princess Anaviso

Last updated July 10, 2023

Credit cards are not only for high-earning and successful 40-somethings. According to the Credit Card Association of the Philippines (CCAP), young Filipinos—especially fresh college graduates—are a major force driving up numbers for the credit card industry.[1]

If you count yourself among that population, this list of the best credit cards for young professionals in the Philippines is for you.

We’ve laid out all your best options so you can make the right choice before you apply for a credit card. Use the Moneymax website to easily compare credit card perks, features, and fees. You can also directly apply for a credit card through the website.

14 Best Credit Cards for Young Professionals in the Philippines

Here are some of the top credit cards perfect for younger professionals like you:

Credit Card Key Benefits
UnionBank Rewards Credit Card
UnionBank Rewards Credit Card - Aug 2023
APPLY NOW
  • 1 point per ₱30 spend
  • 3x points for shopping and dining here and abroad
  • Non-expiring points can be redeemed for cash credits, gadgets, and more
HSBC Red Mastercard
hsbc red
APPLY NOW
  • 4x rewards points on online shopping, dining, and overseas spend
  • 1 rewards point for every ₱20 spend
  • 6% fuel rebate on your first purchase 3% rebate all year round at Caltex 
  • 0% interest installments up to 36 months at participating merchants
HSBC Gold Visa Cash Back
hsbc gold visa cashback
APPLY NOW

  • 5% cash back on dining transactions
  • 6% fuel rebate on first purchase, 3% rebate all year round at Caltex
  • 0.5% cash back on all other spend
  • 0% interest installments up to 36 months at participating merchants
Metrobank Titanium Mastercard®
METROBANK TITANIUM MASTERCARD
APPLY NOW

  • 1 rewards point (non-expiring) for every ₱20 spend
  • 2x rewards points when you spend online, on dining, or at department stores
  • 0% interest installments for up to 24 months
Metrobank Platinum Mastercard®
metrobank PLATINUM MASTERCARD
APPLY NOW
  • 1 rewards point for every ₱20 spend
  • Up to 50% off on dining offers
  • eCommerce purchase protection of up to US$200

Read more about them and other options below.

💳 UnionBank Rewards Credit Card

UnionBank Rewards Credit Card

Do you want to earn rewards with every swipe? The UnionBank Classic Visa Card can help! After all, accumulating points is one of the exciting perks of owning a credit card for young professionals.

With this UnionBank credit card, you can earn 1 rewards point for every ₱30 spend and 3x points for shopping and dining spend here and abroad. Redeem shopping GCs, travel rewards, cash rebates, annual fee waivers, and more with your accumulated non-expiring points.

Key Benefits and Features:

  • Minimum monthly income requirement: ₱15,000
  • Rewards: 1 rewards point for every ₱30 spend; 3x points for shopping and dining transactions in the Philippines and abroad

Fees and Charges:

  • Annual fee: ₱2,500 (Free for life when you apply and get approved on or before October 31, 2023)[2]
  • Interest rate: 3%
  • Cash advance fee: ₱200
  • Late payment fee: ₱1,000
  • Overlimit fee: ₱500

🎁 Free Welcome Gift: No Annual Fee for Life Plus Maximum Rewards for U!

moneymax unionbank rewards credit card no annual fee promo

Eligible card: UnionBank Rewards Credit Card

Promo period: Until February 29, 2024

Say goodbye to annual fees forever and hello to next-level rewards with your new UnionBank Rewards Card! Just apply via Moneymax and get approved within the promo period, and then meet the ₱20,000 spend requirement within 60 days from your card approval date.

This Moneymax UnionBank Rewards Credit Card No Annual Fee Promo runs until February 29, 2024 only. Per DTI Fair Trade Permit No. FTEB-178773 Series of 2023.

Note: The promo is exclusive to applicants who do not have an existing principal credit card issued by UnionBank and/or Citi.


💳 HSBC Red Mastercard

HSBC Red Mastercard

Are you a cardholder already looking for your next credit card? Consider one of the best credit cards for young professionals: the HSBC Red Mastercard. Earn points quickly with every ₱20 spend and quadruple your rewards points every time you dine and go shopping online or overseas. 

To learn more about this card, read our HSBC Red Mastercard review.

Key Benefits and Features:

  • Minimum monthly income requirement: ₱16,667
  • Rewards:
    • 4x rewards points on online shopping, dining, and overseas spend
    • 1 rewards point for every ₱20 spend
  • Rebate: 6% fuel rebate on your first purchase 3% rebate all year round at Caltex 
  • 0% interest installments up to 36 months at participating merchants

Fees and Charges:

  • Annual fee: ₱2,500 (Free for the first year)[4]
  • Interest rate: 3%
  • Cash advance fee: ₱200
  • Late payment fee: ₱1,000 or unpaid minimum amount due, whichever is lower 
  • Overlimit fee: ₱800

💳 HSBC Gold Visa Cash Back

HSBC Gold Visa Cashback

If you’re a money-savvy Gen Zer who cares about rebates, HSBC has the perfect credit card for you: HSBC Gold Visa Cash Back. Earn 5% cash back on dining transactions, 3% rebate on Caltex fuel spend all year round, and 0.5% cash back on all other spend when you use this golden credit card. You can also enjoy plenty of other HSBC credit card promos.

Key Benefits and Features:

  • Minimum monthly income requirement: ₱16,667
  • Rebate:
    • 5% cash back on dining transactions
    • 6% fuel rebate on your first purchase, 3% rebate all year round at Caltex
  • 0.5% cash back on all other spend
  • 0% interest installments up to 36 months at participating merchants

Fees and Charges:

  • Annual fee: ₱2,500 (Free for the first year)
  • Interest rate: 3%
  • Cash advance fee: ₱200
  • Late payment fee: ₱1,000 or unpaid minimum amount due, whichever is lower 
  • Overlimit fee: ₱800

🎁 Free Gift from Moneymax: Giftaway Credits, Infinity Audio Clubz 250, or JBL Tune 520 BT

moneymax hsbc credit card promo - giftaway infinity jbl

Eligible cards: HSBC Red Mastercard, Gold Visa Cash Back, and Platinum Visa Rebate

Promo period: Until February 29, 2024

Not an HSBC credit cardholder yet? Apply for an HSBC card through Moneymax during the promo period (and get approved subsequently) to receive an exciting free welcome gift! Choose from free Giftaway credits worth ₱2,500, Infinity Audio Clubz 250 worth ₱2,599, and JBL Tune 520 BT worth ₱3,349. 

This Moneymax HSBC Giftaway/Infinity Audio/JBL promo runs until February 29, 2024 only. So hurry and apply now!

Per DTI Fair Trade Permit No. FTEB-184120 Series of 2024. Terms and conditions apply. 


💳 Metrobank Titanium Mastercard®

Metrobank Titanium

Looking for more bang for your buck? If you want points on your lifestyle spending, consider the Metrobank Titanium Mastercard®. Earn up to 2x rewards points when you spend at restaurants, department stores, or online shops. 

Key Benefits and Features:

  • Minimum monthly income requirement: ₱29,167 
  • Rewards:
    • 1 rewards point (non-expiring) for every ₱20 spend
    • 2x rewards points when you spend online, on dining, or at department stores
  • 0% interest installments for up to 24 months
  • Exclusive credit card features from Metrobank

Fees and Charges:

  • Annual fee: ₱2,500 (Free for life when you apply until December 31, 2023, and meet the minimum annual spend requirement of ₱180,000)
  • Interest rate: 3%
  • Cash advance fee: ₱200
  • Late payment fee: ₱1,000 or unpaid minimum amount due, whichever is lower

💳 Metrobank Platinum Mastercard®

Metrobank Peso Platinum Mastercard

If you enjoy leading a premium lifestyle as a young professional, get the Metrobank Platinum Mastercard®. Shop from your favorite shops to earn rewards points for every ₱20 spend and enjoy eCommerce purchase protection of up to US$200. Or explore new restaurants and enjoy up to 50% off on dining deals! 

Key Benefits and Features:

  • Minimum monthly income requirement: ₱58,333
  • Rewards: 1 rewards point for every ₱20 spend
  • Up to 50% off on dining offers
  • eCommerce purchase protection of up to US$200

Fees and Charges:

  • Annual fee: ₱5,000 (Free for life when you apply until February 29, 2024, and meet the minimum annual spend of ₱400,000)
  • Interest rate: 3%
  • Cash advance fee: ₱200
  • Late payment fee: ₱1,000 or unpaid minimum amount due, whichever is lower

🎁 Free Gift from Moneymax: ₱2,500 eGift, Xiaomi Redmi Soundbar, or JBL Wave Beam True Wireless Earbuds 

moneymax metrobank credit card promo - giftaway egift xiaomi redmi soundbar jbl wireless earbuds

Eligible cards: Metrobank Titanium Mastercard®, Platinum Mastercard®, and World Mastercard®

Promo period: Until February 29, 2024

How do you get a Metrobank credit card welcome gift? Simple! Just apply and get approved for any eligible card through the Moneymax website.

Choose from a ₱2,500 eGift voucher via Giftaway, a Xiaomi Redmi Soundbar (worth ₱2,499), or JBL Wave Beam True Wireless Earbuds (worth ₱3,799) as your free special gift.

This Moneymax Metrobank eGift/Xiaomi/JBL promo runs until February 29, 2024 only. So hurry and apply now!

Per DTI Fair Trade Permit No. FTEB-184526 Series of 2024. Terms and conditions apply.

Note: Applicant must be an existing credit cardholder in good standing for at least nine months.


💳 Security Bank Gold Mastercard

Security Bank Gold Mastercard

Another golden entry on the list of best credit cards for young professionals is the Security Bank Gold Rewards Mastercard. Earn rewards points quickly with its one point per ₱20 spend conversion rate. Use this credit card to redeem exciting freebies, gain access to the Marhaba Lounge in NAIA Terminals 1 and 3, and avail of credit card promos.

Key Benefits and Features:

  • Minimum monthly income requirement: ₱30,000
  • Reward: 1 rewards point for every ₱20 spend
  • Secure online shopping with SecureCode

Fees and Charges:

  • Annual fee: ₱2,500 (Free for the first year)
  • Interest rate: 3%
  • Cash advance fee: ₱200
  • Late payment fee: ₱1,000 or unpaid minimum amount due, whichever is lower
  • Overlimit fee: ₱500

💳 Security Bank Complete Cashback Mastercard

Security Bank Complete Cashback Platinum Mastercard

If you're a young professional just starting out, saving your hard-earned money is most likely a big priority for you. With the Security Bank Complete Cashback Mastercard, you can enjoy up to 5% cash back on groceries, 4% on fuel, 3% on bill payments, 2% on dining expenses, and 1% on shopping.

Key Benefits and Features:

  • Minimum monthly income requirement: ₱65,000
  • Up to 5% rebate on essential spend categories
  • Exclusive access to Marhaba Lounge at NAIA 1 and 3

Fees and Charges:

  • Annual fee: ₱3,000 (Free for the first year)
  • Interest rate: 3%
  • Cash advance fee: ₱200
  • Late payment fee: ₱1,000 or unpaid minimum amount due, whichever is lower
  • Overlimit fee: ₱500

🎁 Free Gift from Moneymax: ₱2,500 eGift, Sony Wireless Headphones, or Nescafe Dolce Gusto Mini Me

security bank welcome gift - egift sony wireless headphones nescafe dolce gusto mini me

Eligible cards: Select Security Bank credit cards

Promo period: Until February 29, 2024

Want a credit card from Security Bank? You're in for a treat if you apply and get approved for an eligible card through Moneymax and meet the minimum spend requirement. Pick your free Security Bank welcome gift: a ₱2,500 Giftaway eGift voucher; Sony WH-CH520 wireless headphones worth ₱3,299; or a Nescafe Dolce Gusto Mini Me Coffee Machine (worth ₱6,990).

This Moneymax Security Bank Giftaway/Sony/Nescafe credit card promo runs until February 29, 2024 only. Apply now!

Per DTI Fair Trade Permit No. FTEB-183905 Series of 2024.  Terms and conditions apply


💳 BPI Amore Cashback Card

BPI Amore Cashback Card

Do you frequently shop at Ayala Malls in the Philippines? Don’t come empty-handed. If you’re looking for cashback opportunities, take the BPI Amore Cashback Card with you.

It’s considered one of the best credit cards for millennials and Gen Zs, since you can earn a 4% rebate for every ₱1,000 supermarket spend, a 1% rebate on drugstore and utility bill payments, and a 0.30% rebate on everything else.

Key Benefits and Features:

  • Minimum monthly income requirement: ₱15,000
  • Rebates:
    • 4% cashback on supermarkets and department store spend
    • 1% cashback on drugstore and bills payment spend
  • 0% interest installments up to 36 months
  • Exclusive privileges at any Ayala Malls nationwide

Fees and Charges:

  • Annual fee: ₱2,050
  • Interest rate: 3%
  • Cash advance fee: ₱200
  • Late payment fee: ₱850 or unpaid minimum amount due, whichever is lower

💳 Petron BPI Card

Petron BPI Card

Rising fuel prices can get troublesome for a young professional like you. If you’re getting a credit card, you might as well go for the Petron BPI Card, which gives you a 3% rebate on fuel at participating Petron stations nationwide.

Aside from fuel savings, this credit card also gives you access to all available BPI credit card promos in 2023

Key Benefits and Features:

  • Minimum monthly income requirement: ₱15,000
  • Rebates: 3% rebate on fuel (Maximum of ₱15,000 per year)
  • Welcome gift: Free ₱200 fuel voucher
  • 0% interest installments for up to 36 months

Fees and Charges:

  • Annual fee: ₱1,550
  • Interest rate: 3%
  • Cash advance fee: ₱200
  • Late payment fee: ₱850 or unpaid minimum amount due, whichever is lower

💳 UnionBank Lazada Credit Card

Unionbank Lazada

Here’s something every age group can agree on: online shopping is life. For your next budol find, get the UnionBank Lazada Credit Card, one of the best credit cards for young adults. Get six times the Lazada credits for every ₱200 spent on Lazada and enjoy exclusive discounts from select merchants. 

Find out more about this online shopping essential by checking out our UnionBank Lazada Credit Card review.

Key Benefits and Features:

  • Minimum monthly income requirement: ₱30,000
  • Rewards:
    • 6x Lazada credits for every ₱200 Lazada spend
    • 1 Lazada credit for every ₱200 spend on all other spend
    • Free ₱50 monthly shipping vouchers at Lazada
    • Free ₱500 discount vouchers for 5 Lazada Sales all-year-round
  • Welcome gift: Free ₱5,000 Lazada credits when you spend ₱40,000 within 60 days of approval[3]
  • Get exclusive discounts from select Lazada merchants

Fees and Charges:

  • Annual fee: ₱3,000 (Free for the first year)
  • Interest rate: 3%
  • Cash advance fee: ₱200
  • Late payment fee: ₱1,000
  • Overlimit fee: ₱500

💳 UnionBank PlayEveryday Credit Card

UnionBank PlayEveryday

The UnionBank PlayEveryday is a credit card for millennials and Gen Zs alike because it has a gamification feature that younger people can enjoy. Customize your avatar, earn badges, and join leaderboards on the UnionBank Online app. Plus, earn rewards points for every ₱10 spend and get access to all available UnionBank credit card promos

Find out more about this card through our UnionBank PlayEveryday review.

Key Benefits and Features:

  • Minimum monthly income requirement: ₱30,000
  • Reward: 1 rewards point for every ₱10 spend
  • Earn badges, join leaderboards across UnionBank Online users

Fees and Charges:

  • Annual fee: ₱1,500
  • Interest rate: 3%
  • Cash advance fee: ₱200
  • Late payment fee: ₱1,000
  • Overlimit fee: ₱500

💳 RCBC Flex Visa

RCBC Flex Visa

Looking to flex your financial independence as a new member of the workforce? Consider getting one of the top credit cards for young professionals, the RCBC Flex Visa.

Avail of RCBC credit card promos any time of the year, earn one rewards point for every ₱50 spend, and earn double the points on any of your two preferred spend categories (choose between dining, clothing, travel, and transportation). 

Key Benefits and Features:

  • Minimum monthly income requirement: ₱15,000
  • Rewards:
    • 2x rewards points on any of your two preferred spend categories: dining, clothing, travel, or transportation
    • 1 rewards point for every ₱50 spend
  • 0% interest installments for up to 36 months
  • Free travel insurance and purchase protection coverage

Fees and Charges:

  • Annual fee: ₱1,500 (Free for the first year)
  • Interest rate: 3%
  • Cash advance fee: ₱200
  • Late payment fee: ₱850 or unpaid minimum amount due, whichever is lower 
  • Overlimit fee: ₱600

💳 RCBC AirAsia Credit Card

RCBC AirAsia Credit Card

One of the best credit cards for young professionals who prioritize travel is the RCBC AirAsia Credit Card. Right off the bat, you get 8,000 AirAsia BIG points for free when you spend at least ₱20,000 (single or accumulated) within 60 days of approval.

After that, you can earn more BIG points quicker for every spend as low as ₱22. Plan your revenge travel with this air miles credit card!

Key Benefits and Features:

  • Minimum monthly income requirement: ₱20,833
  • Rewards:
    • 2 AirAsia BIG points for every ₱25 AirAsia spend
    • 1 AirAsia BIG point for every ₱28 domestic retail spend
    • 1 AirAsia BIG point for every ₱22 international retail spend
  •  Welcome gift: Free 8,000 BIG points when you spend ₱20,000 within 60 days of approval
  • 0% interest installments for up to 36 months
  • Free access to world-class lounges worldwide

Fees and Charges:

  • Annual fee: ₱3,600 (Free for the first year)
  • Interest rate: 3%
  • Cash advance fee: ₱200
  • Late payment fee: ₱850 or unpaid minimum amount due, whichever is lower 
  • Overlimit fee: ₱600

Final Thoughts

There you have it—the best credit cards for young professionals that will allow you to unlock new financial possibilities. Whether you’re in the market for every credit card dining promo in 2023 or the best credit card welcome gift, don’t forget to do your research and compare your options.

And when you officially become a cardholder, make sure to swipe responsibly!

Compare credit cards with Moneymax

Sources:

Princess is a seasoned writer with over seven years of experience in digital marketing and corporate communications. She took master's degree units in Creative Writing at the University of the Philippines Diliman and graduated with a bachelor's degree in English Language and Literature from Saint Louis University. Beyond writing, she enjoys reading novels, watching series, and crocheting. Follow Princess on LinkedIn.

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