Published: October 29, 2018 | Updated: July 14, 2020 | Posted by: Venus Zoleta | Credit Card
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:
Table of Contents
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.
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, and enjoy 0% interest with the Citi Paylite Installment Plan.
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.
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.
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.
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.
This RCBC-Fully Booked co-branded credit card is packed with treats for bookworms.
You can enjoy up to 10% rebate and 10% discount all year-round when you shop at Fully Booked stores using your card. Having this card also earns you access to private sale events at any branch.
Credit card payments are also made easier on the pocket with its 0% installment (three and six months) on selected Fully Booked items.
Being a true-blue fashionista doesn’t have to burn a hole in your pocket. With the BDO Forever 21 Mastercard, you’re in for the following shopping perks:
Nothing wrong with indulging in self-care at times, as long you don’t overspend. The Metrobank Femme Visa is a good tool for saving money while taking care of yourself. You can use it to get discounts on skin treatments, gym memberships, and other beauty and wellness services.
It’s also easy to rack up rewards points with this Metrobank credit card: every PHP 20 purchase earns you a point. Accumulated points can be redeemed for annual fee waivers, gift certificates, air miles, or donation to a charity.
The Femme Visa has a variant, the Metrobank Femme-ICanServe Visa, that allows cardholders to donate to ICanServe Foundation. If you support its programs for breast cancer patients, then this credit card suits you.
Which of these best credit cards for millennials are you considering? Eyeing something else? Make sure you compare your options well.
Source:  Citi Paylite Installment Plan