Top 5 Credit Cards with Highest Rebates in the Philippines

November 23, 2017


Credit Cards with Highest Rebates | MoneyMax.ph

Cashback credit cards are a practical choice for Filipinos who want to save money while maximizing the benefits from their cards. They allow earning cash rebates at 0.20% up to 6% of a cardholder’s monthly purchases.

With a cashback credit card, you can get as much as P12,000 worth of rebates in a year. Know your options and compare the various rebate credit cards to find the one that will help you get the highest savings.

Here are the five credit cards with the highest rebates in the Philippines:

Citi Cash Back

Cashback rates:

  • 6% on groceries (minimum spend of P10,000 per month on non-grocery and non-Meralco expenses)
  • 2% on Meralco bill payments (minimum spend of P10,000 per month on non-grocery and non-Meralco expenses)
  • 0.20% on all other purchases

Maximum rebate: P1,000 monthly
Annual fee: P3,500
Interest rate: 3.50%

Will you often use your cashback credit card for buying groceries and paying your electricity bills? The Citi Cash Back is a great option for these expenses.

Citibank’s cashback credit card offers up to 6% rebate on supermarket purchases and up to 2% on Meralco bill payments. To enjoy that, you have to spend at least a total of P10,000 on non-grocery and non-Meralco expenses in a given month.

If your total grocery purchases and Meralco payments in a month falls below the P10,000 minimum, you’ll get only 0.20% rebate on your grocery and Meralco expenses.

Going over the P1,000 monthly rebate limit means you’ll start earning rebates again at the beginning of the next cycle.

Cash rebates can be redeemed via Citibank’s website or SMS. Citibank takes up to seven business days to credit rebates to the cardholder’s account.

Security Bank Complete Cashback MasterCard

Cashback rates:

  • 5% on groceries
  • 4% on fuel
  • 3% on utilities
  • 2% on dining
  • 1% on shopping

Maximum rebate: P1,000 monthly
Annual fee: P3,000
Interest rate: 3.50%

Security Bank’s cash back program allows earning rebates on five most frequent spending categories: groceries, gas, utilities, dining, and shopping. Medicine purchases are likely to earn a 1% rebate since most pharmacies are categorized under the shopping category.

Cash rebates are automatically credited to the cardholder’s balance without having to redeem them.

Comprehensive as it may be, this cashback credit card has certain limitations. Unlike other rebate cards, online and overseas transactions (even those charged in Philippine pesos) don’t earn rebates. The Security Bank Complete Cashback MasterCard is also exempted from the bank’s credit card rewards program.

HSBC Gold Visa Cash Back

Cashback rates:

  • 5% on dining transactions
  • 0.50% on all other transactions

Maximum rebate: P1,200 monthly
Annual fee: P2,500
Interest rate: 3.50%

The HSBC Gold Visa Cash Back is ideal for those who often use their credit card when dining in restaurants. This card also offers seasonal 1% rebate on department store transactions in months when classes begin (May, June, July, and August), as well as peak spending periods for overseas transactions (January, April, May, and December.)
HSBC also has a tie-up with Caltex, allowing Gold Visa Cash Back cardholders to save on fuel. The card comes with 10% rebate on the first Caltex gas purchase and 3% rebate throughout the year.

The total rebates earned in a month will be credited to the cardholder’s account by the fourth week of the next month.

EastWest Bank EveryDay Titanium MasterCard

Cashback rates:

  • 5% on groceries, fuel, and medicines (P10,000 minimum spend on all other purchases)
  • 3% on groceries, fuel, and medicines (P5,000 to below P10,000 minimum spend on all other purchases)
  • 0.5% on groceries, fuel, and medicines (below P5,000 spend on all other purchases)

Maximum rebate: P1,000 monthly
Annual fee: P2,800
Interest rate: 3.50%

The cash rebate rate you’ll get from EastWest Bank’s cash back credit card depends on the total amount spent on non-essentials (purchases other than groceries, fuel, and medicines) per month. If you meet the P10,000 minimum spend on non-essential purchases, you’ll enjoy the maximum 5% rebate on your purchases in supermarkets, gas stations, and drug stores.

When you earn P200 in rebates, your cash back credits are automatically posted to the cardholder’s account, so there’s no need to redeem your rebates.

Read More: Don’t Miss These EastWest Bank Credit Card Promos for 2019

UnionBank Platinum MasterCard

Cashback rate:

1.50% on all purchases
Maximum rebate: No limit
Annual fee: P3,000
Interest rate: 3.50%
Of all the best rebate credit cards on this list, only the UnionBank Platinum MasterCard offers a fixed cashback rate on all purchases, regardless of spending category. There’s also no limit on how much rebate you can earn in a month or year.

Comparing credit cards with the highest rebates

The best rebate credit card provides the highest cashback rate on where you spend the most.
For instance, if you’ll use your card mostly for groceries and Meralco payments, the Citi Cash Back is your best bet. If you’re less likely to spend frequently on a specific category, then it makes sense to own a UnionBank Platinum MasterCard.
Here is a table that summarizes the cashback rates per spending category and per cashback credit card.

Cash rebate rates comparison
Spending categoriesCiti Cash BackSecurity Bank Complete Cashback MasterCardHSBC Gold Visa Cash BackEastWest Bank EveryDay Titanium MasterCardUnionBank Platinum MasterCard
Groceries6%5%0.50%5%, 3%, or 0.50% (depending on non-essential spend)1.5%
Fuel0.20%4%0.50%5%, 3%, or 0.50% (depending on non-essential spend)1.5%
Medicines0.20%1%0.50%5%, 3%, or 0.50% (depending on non-essential spend)1.5%
Dining0.20%2%5%N/A1.5%
Shopping0.20%1%0.50%N/A1.5%
Utilities2%3%0.50%N/A1.5%
Other purchases0.20%N/A0.50%N/A1.5%

Final Thoughts

To get the most out of your cashback credit card purchases, remember that it doesn’t start and end with just choosing the right card. You must also use it responsibly—make sure that you understand your card’s terms and conditions and pay off your balances on time.
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