9 Best Credit Cards for Filipino Millennials on a Budget

Published: October 29, 2018 | Updated: June 15, 2020 | Posted by: Venus Zoleta | Credit Card


Credit Cards for Millennials in the Philippines | Moneymax

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

Credit Cards for Millennials - 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: 3.50%

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.

2. Citi Rewards Card

Credit Cards for Millennials - Citibank 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: 3.50%

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[1].

Read more: Credit Cards With No Annual Fees in the Philippines

3. Metrobank ON Internet Mastercard

Credit Cards for Millennials - Metrobank On Internet 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: 3.54%

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

Credit Cards for Millennials - HSBC Gold Visa Cash Back

  • Best for: Millennials who are conscious with their spending
  • Monthly income requirement: PHP 16,667
  • Annual fee: PHP 2,500
  • Interest rate: 3.50%

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

5. BPI Edge Mastercard

Credit Cards for Millennials - 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: 3.50%

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. Mango RCBC Mastercard

Credit Cards for Millennials - Mango RCBC 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: 3.50%

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.

7. Fully Booked RCBC Mastercard

Credit Cards for Millennials - Fully Booked RCBC Mastercard

  • Best for: Millennials who are book lovers or are loyal Fully Booked customers
  • Monthly income requirement: PHP 19,167
  • Annual fee: PHP 1,500
  • Interest rate: 3.50%

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.

8. BDO Forever 21 Mastercard

Credit Cards for Millennials - BDO Forever 21 Mastercard

  • Best for: Millennials who are frequent Forever 21 shoppers
  • Monthly income requirement: PHP 15,000
  • Annual fee: PHP 200 per month (free for the first year)
  • Interest rate: 3.25%

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:

  • Triple rewards points for every PHP 200 purchase at Forever 21 and one point or every PHP 200 local and overseas purchases
  • 10% daily discount and 21% discount on Fridays at Forever 21 branches
  • 10% rebate for any purchase of at least PHP 5,000 on the cardholder’s birthday
  • Priority access to sale events
  • Special lanes at the dressing rooms and payment counters in all Forever 21 stores

9. Metrobank Femme Visa

Credit Cards for Millennials - Metrobank Femme Visa

  • Best for: Millennials who splurge on beauty and wellness services
  • Monthly income requirement: PHP 15,000
  • Annual fee: PHP 2,000
  • Interest rate: 3.54%

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.

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!

Source: [1] Citi Paylite Installment Plan