Save Money With These No Annual Fee Credit Cards for 2023

Owning a credit card has many advantages: ease of purchase, an emergency line of credit, and exclusive rewards and perks, among others. Many people, however, don't want to get a credit card because of the fees that come with it.

Credit card fees are indeed discouraging. Then again, convenience comes with a price. However, if you need a card, you can avoid additional charges by getting credit cards with no annual fee in the Philippines.

What is a No Annual Fee Credit Card?

A credit card annual fee is a convenience fee that providers charge to their clients. Essentially, it’s the amount you pay to use your bank’s credit card services conveniently.

So when you see an offer for no annual fee credit cards in the Philippines this 2023, it means that the bank has waived its yearly card membership fees.

Types of Credit Cards with No Annual Fee in the Philippines

Credit cards typically have two types of no annual fee arrangements:

👉 No Annual Fee for Life

It means your annual fee is automatically waived forever, or you’ll receive it as a welcome gift through a no-annual-fee forever promo. You won’t have to worry about paying your membership fee every year. It’s common for most entry-level cards.

👉 Limited Annual Fee Waiver

If your card provider offers this arrangement, the annual fee is waived within a limited period, usually for a year. You can also find banks with a three-year waiver.

After the waiver period, the regular annual fee will apply. Alternatively, you might need to meet the required minimum spend for one year so you won’t have to pay the annual fee.

Why Choose a No Annual Fee Credit Card?

The benefit you’ll get from credit cards with no annual fee is plain and simple: you get to save money. Annual fees in the Philippines range from ₱1,000 to ₱5,000, or even more. Without an annual fee, you can save this money instead.

How to Choose a Credit Card with No Annual Fee

There are many credit cards without annual fees, and the options may overwhelm you. Narrow it down by considering these two essential things:

Lifestyle - Where will you use your credit cards? Are you going to use it for utilities, daily expenses, travel, or shopping? Not all credit cards are created equal, so choose one that suits your lifestyle.

Monthly income - Many credit cards with no annual fees usually have a minimum monthly income requirement. See to it that you meet this requirement.

At a Glance: Top Credit Cards with No Annual Fee in the Philippines

Credit Cards with No Annual Fee	Key Features and Benefits
UnionBank Rewards Credit Card*	Monthly income requirement: ₱15,000 Interest rate: 3% 1 rewards point per ₱30 spend 3x points when you shop and dine here and abroad * No annual fee promo extended until November 30, 2023
Metrobank Titanium Mastercard®*	Monthly income requirement: ₱15,000 Interest rate: 3% 1 rewards point for every ₱20 spend *No annual fee promo until February 29, 2024
Metrobank Platinum Mastercard®*	Monthly income requirement: ₱58,333 Interest rate: 3% 1 rewards point for every ₱20 spend *No annual fee promo until January 31, 2024
Metrobank World Mastercard®*	Monthly income requirement: ₱333,333 Interest rate: 3% 1 rewards point for every ₱20 spend *No annual fee promo until January 31, 2024
PNB Ze-Lo Mastercard	Monthly income requirement: ₱10,000 Interest rate: 2.5% No late payment or overlimit fees
AUB Classic Mastercard	Monthly income requirement: ₱21,000 Interest rate: 3% 1 reward point for every ₱50 spend
AUB Easy Mastercard	Monthly income requirement: ₱21,000 Interest rate: 3% Flexible credit card payment due date

Credit Cards with No Annual Fee for Life

Looking for the best no annual fee for life credit cards in the Philippines for 2023? Check out these options:

📌PNB Ze-Lo Mastercard

• Ideal for: First-time credit card users
• Minimum monthly income requirement: ₱10,000

Some people avoid credit cards like the plague because of the many fees to cover aside from the annual fee. These charges commonly include late payment and overlimit fees.

If it’s your first time using a credit card, you want to pay minimum fees. Go for the PNB Ze-Lo Mastercard, as it lets you experience the convenience of a credit card minus the extra charges.

Key features and benefits:

• No annual fee for life
• No late payment and overlimit fees
• Lower minimum amount due
• Globally accepted

Fees and charges:

• Interest rate: 2.5%
• Late payment fee: None
• Overlimit fee: None
• Foreign currency transaction fee: 2.5%

📌AUB Classic Mastercard

• Ideal for: Individuals on a budget
• Minimum monthly income requirement: ₱21,000

AUB Classic Mastercard is one of the top credit cards with no annual fee in the Philippines in 2023. Besides having a low monthly income requirement, the AUB Classic Mastercard allows cardholders to choose how much and when to pay their credit card balances.

Key features and benefits:

• No annual fee for life (principal and two supplementary cardholders)
• Earn 1 rewards point for every ₱50 spend
• 0% interest on new purchases
• Payment flexibility allows you to choose how many times you want to pay per month

Fees and charges:

• Interest rate: 3%
• Card replacement fee: ₱500
• Late payment fee: ₱1,000 for monthly payments, ₱500 for semi-monthly, and ₱250 for weekly, or the unpaid minimum amount due, whichever is lower
• Foreign transaction fee: 1.5% service fee added to the sum of peso conversion and Mastercard fees

Related article: Moneymax Reviews: Comparing AUB’s Budget-Tier Credit Cards

📌 AUB Easy Mastercard

• Ideal for: Individuals who want more payment flexibility
• Minimum monthly income requirement: ₱21,000

Another free annual fee credit card is the AUB Easy Mastercard. It’s similar to the AUB Classic Mastercard, except it has more minimum amount due options. It’s perfect for those who struggle to keep up with credit card payments.

Key features and benefits:

• No annual fee for life
• Earn 1 rewards point for every ₱50 spend
• 0% interest on new purchases
• Payment flexibility allows you to choose how many times you want to pay per month

Fees and charges:

• Interest rate: 3%
• Card replacement fee: ₱500
• Late payment fee: ₱1,000 for monthly payments, ₱500 for semi-monthly, and ₱250 for weekly, or the unpaid minimum amount due, whichever is lower
• Foreign transaction fee: 1.5% service fee added to the sum of peso conversion and Mastercard fees

📌AUB Gold Mastercard

• Ideal for: Individuals who want more exclusive perks and privileges
• Minimum monthly income requirement: ₱50,000

As an everyday spending companion, the AUB Gold Mastercard makes an excellent choice. If you’re looking for a credit card that unlocks more exclusive perks and privileges, this credit card also fits the bill. 

Enjoy no annual fees for life. Plus, earn points with your spending and convert them to Mabuhay Miles. 

Key features and benefits:

• No annual fee for life
• Unlimited supplementary cards with waived annual fees 
• 1 rewards point for every ₱50 spend
• Transfer your AUB Rewards Points to your Mabuhay Miles Account for free flights on PAL

Fees and charges:

• Interest rate: 3%
• Card replacement fee: ₱500
• Late payment fee: ₱1,000 or the unpaid minimum amount due, whichever is lower
• Foreign transaction fee: 1.5% service fee added to the sum of peso conversion and Mastercard fees

📌AUB Platinum Mastercard

• Ideal for: Individuals looking for a higher credit limit, a wider range of offers, and payment flexibility
• Minimum monthly income requirement: ₱100,000

This top-tier AUB credit card also comes with waived annual fees forever. You can enroll as many supplementary cardholders as you want, and you won’t need to pay annual fees. 

If you’re a frequent traveler, you can quickly transfer your AUB reward points to your Mabuhay Miles Account to avail yourself of free flights or service upgrades on PAL. 

Key features and benefits:

• No annual fee for life
• Unlimited supplementary cards with waived annual fees 
• 1 rewards point for every ₱50 spend
• Complimentary lounge access
• Transfer your AUB Rewards Points to your Mabuhay Miles Account for free flights and upgrades on PAL

Fees and charges:

• Interest rate: 3%
• Card replacement fee: ₱500
• Late payment fee: ₱1,000 or the unpaid minimum amount due, whichever is lower
• Foreign transaction fee: 1.5% service fee added to the sum of peso conversion and Mastercard fees

📌 Metrobank M Free Mastercard^®

• Ideal for: Financially savvy millennials
• Minimum monthly income requirement: ₱15,000

If you’re the kind who uses a credit card to pay bills and utilities, Metrobank M Free Mastercard^® is the right credit card with no annual fee for you. With its Bills2Pay feature, you can enroll your bills online and automate monthly payments. You can enjoy 0% installment programs and convert your credit limit to cash. 

Key features and benefits:

• No annual fee for life
• 0% installment on a wide range of establishments
• Discounts and exclusive offers at partner merchants

Fees and charges:

• Interest rate: 3%
• Cash advance fee: ₱200 per transaction
• Late payment fee: ₱1,000 or unpaid minimum amount due, whichever is lower

📌 PSBank Credit Mastercard

• Ideal for: Low income-earners who need to manage their expenses well
• Minimum monthly income requirement: ₱15,000

For credit card newbies to not be overwhelmed, they should go for straightforward and easy-to-use cards, such as the PSBank Credit Mastercard. Use this card for daily expenses, from groceries to bills. It also offers flexible payment schemes, exclusive privileges, and installment programs.

Key features and benefits:

• No annual fee for life
• Comes with an embedded EMV chip
• M TXT service for easy credit card balance monitoring

Fees and charges:

• Interest rate: 3%
• Late payment fee: ₱1,000 or unpaid minimum amount due, whichever is lower
• Cash advance fee: ₱200

📌 PNB The Travel Club Platinum Mastercard

 

• Ideal for: Frequent travelers and loyal The Travel Club (TTC) customers
• Minimum monthly income requirement: ₱10,000

Frequent fliers find a lot of convenience in using their credit cards―from booking tickets to purchasing souvenirs abroad. If you want a card you can maximize when it comes to discounts and rewards, go for the PNB Travel Platinum Mastercard.

Key features and benefits:

• No annual fee for life
• Earn 1 rewards point for every ₱40 spent at TTC and ₱70 elsewhere
• 15% birthday month discount on regular-priced TTC house brands
• 5% discount at all TTC branches
• 1% rebate on TTC installment transactions
• Waived repair service fee beyond the warranty period
• Up to ₱3 million travel insurance coverage
• Free purchase protection insurance
• Dual currency billing

Fees and charges:

• Interest rate: 3%
• Late payment fee: ₱1,000 or the unsettled minimum amount due, whichever is lower
• Cash advance fee: ₱200 
• Foreign currency transaction fee: 2.50%

Credit Cards with No Annual Fee Promo (for a Limited Time Only)

📌 UnionBank Rewards Credit Card

• No annual fee forever if you apply and get approved on or before October 31, 2023^[1]
• Maximum rewards benefits:
  • Earn 1 never-expiring point for every ₱30 spend
  • 3x points when you shop and dine here and abroad
  • Use your points to redeem cash credits, gadgets, merchandise, and more
• Worry-free payments with 0% interest installment plans
• Automatically charge your utility bills monthly via PayBill
• Free life insurance coverage up to ₱400,000 of your outstanding balance

Is there a credit card that’s perfect for everyday spending or travel expenses that also comes with no annual fees plus lots of rewards? Definitely! This UnionBank credit card offers maximum rewards, plus waived annual fees forever until September 30, 2023.

Metrobank Credit Cards

Looking to own a Metrobank credit card? Check out these Metrobank credit cards with no annual fee promos. 

📌 Metrobank Titanium Mastercard^®

• Ideal for: Frequent essential and lifestyle shoppers
• Minimum monthly income requirement: ₱15,000

Individuals who are looking for higher reward points on their spending can check out the Metrobank Titanium Mastercard^®. You earn 1 rewards point for every ₱20 spend and double rewards points when you spend on retail essentials, whether in-store or online. 

You also enjoy no annual fees forever when you apply until February 29, 2024, and meet the minimum annual spend requirement of ₱180,000. 

Key features and benefits:

• 1 rewards point (non-expiring) for every ₱20 spend
• Double your rewards points when you spend online, on dining, or at department stores

Fees and charges:

• Annual fee: Waived for life if you avail of the No Annual Fees for Life Promo until February 29, 2024, and meet the annual spend of ₱180,000; ₱2500 after
• Interest rate: 3%
• Late payment fee: ₱1,000 or unpaid minimum amount due, whichever is lower
• Cash advance fee: ₱200 per transaction
• Foreign currency transaction fee: 2.5%

📌 Metrobank Platinum Mastercard^®

• Ideal for Frequent travelers and lifestyle spenders
• Minimum monthly income requirement: ₱58,333

Do you frequently dine at trending restaurants and hang out at your favorite cafes? Are you always at a new travel destination here in the Philippines and abroad? Make sure to get the Metrobank Platinum Mastercard^® (formerly Peso Platinum Mastercard) as your credit card companion.  

Aside from earning rewards points with every ₱20 you spend, enjoy up to 50% off on dining deals. Waive your annual fees if you apply until October 31, 2023, and meet the minimum annual spend of ₱400,000.

Key features and benefits:

• 1 rewards point for every ₱20 spend 
• No annual fees for the first supplementary card
• Up to 50% off on exclusive dining deals
• Up to US$200 eCommerce Purchase Protection

Fees and charges:

• Annual fee: None for existing cardholders from other banks who will apply until October 31, 2023, and meet the annual spend of ₱400,000; ₱5,000 after
• Interest rate: 3%
• Late payment fee: ₱1,000 or unpaid minimum amount due, whichever is lower
• Cash advance fee: ₱200 per transaction
• Foreign currency transaction fee: 2.5%

📌 Metrobank World Mastercard^®

• Ideal for: Individuals who frequently travel and shop abroad
• Minimum monthly income requirement: ₱333,333

Ready to level up with a credit card that offers premium lifestyle and travel benefits? The Metrobank World Mastercard^® lets you earn 1 rewards point for every ₱20 you spend and double rewards points for all your international spending. 

If you’re looking for a second credit card, apply for the Metrobank World Mastercard^® until October 31, 2023, and meet the minimum annual spend of ₱600,000 to waive your annual fees. 

Key features and benefits:

• 1 rewards point for every ₱20 spend 
• 2x rewards points for every ₱20 international spend
• 1 mile = ₱25 foreign currency spend
• Up to 50% off on dining deals
• Free airport lounge membership
• No annual fees for the first two supplementary cards

Fees and charges:

• Annual fee: None for existing cardholders of other banks who will apply until October 31, 2023, and meet the annual spend of ₱600,000; ₱6,000 after
• Interest rate: 3%
• Late payment fee: ₱1,000 or unpaid minimum amount due, whichever is lower
• Cash advance fee: ₱200 per transaction
• Foreign currency transaction fee: 2.5%

HSBC Credit Cards

HSBC offers free annual fees for the first year only for its lineup of credit cards. 

📌 HSBC Red Mastercard

• Ideal for: Online shoppers
• Minimum monthly income requirement: ₱16,666

Love shopping online? Make it more convenient and rewarding with HSBC’s Red Mastercard. When you shop online using this card, you get to earn one bonus point for every ₱20 you spend. 

Key features and benefits:

• 1 bonus point for every ₱20 spend
• Exclusive travel deals with over 27,000 establishments in 160 countries
• 6% rebate on your first fuel purchase at Caltex and 3% rebate all year round
• 0% interest installment deals of up to 36 months

Fees and charges

• Annual fee: Waived for the first year, ₱2,500 after
• Interest rate: 3%
• Late payment fee: ₱1,000 or unpaid minimum amount due, whichever is lower
• Overlimit fee: ₱800
• Foreign currency transaction fee: 2.5%
• Cash advance fee: ₱200 per transaction

Read more: Moneymax Reviews: 4X the Fun with HSBC Red Mastercard

📌 HSBC Gold Visa Cash Back

• Ideal for: Those who love dining out
• Minimum monthly income requirement: ₱16,666

Dining out can be more rewarding when you use your HSBC Gold Visa Cash Back credit card. Each time you eat at an HSBC-accredited restaurant, you earn a 5% cashback. 

Key features and benefits:

• 5% cash back on dining transactions and 0.5% cash back on other transactions
• Exclusive travel deals with over 27,000 establishments in 160 countries
• 3% rebate on fuel purchases at Caltex

Fees and charges:

• Annual fee: Waived for the first year; ₱2,500 afterward
• Interest rate: 3%
• Late payment fee: ₱1,000 or unpaid minimum amount due, whichever is lower
• Overlimit fee: ₱800
• Foreign currency transaction fee: 2.5%
• Cash advance fee: ₱200 per transaction

📌 HSBC Platinum Visa Rebate

• Ideal for: Frequent online shoppers and travelers
• Minimum monthly income requirement: ₱41,666

Want to save money on your shopping and travel expenses? Look no further with the HSBC Platinum Visa Rebate Credit Card. It offers a high cashback rate of 5% on shopping and essential travel spend, among other rebates.

Key features and benefits:

• 5% cash back on shopping transactions, including online purchases and essential travel spend
• 1% cash back on insurance transactions
• 0.50% cash back on all other transactions, including groceries and food delivery
• 6% rebate on your first Caltex transaction and 3% rebate on Caltex fuel purchases year-round
• Free Purchase Protect insurance coverage

Fees and charges:

• Annual fee: Waived for the first year; ₱5,000 afterward
• Interest rate: 3%
• Late payment fee: ₱1,000 or unpaid minimum amount due, whichever is lower
• Overlimit fee: ₱800
• Foreign currency transaction fee: 2.5%
• Cash advance fee: ₱200 per transaction

Security Bank Credit Cards

The annual fee for the following Security Bank cards are waived for the first year:

📌 Security Bank Gold Mastercard

• Ideal for: Essential and lifestyle spenders 
• Minimum monthly income requirement: ₱30,000
  

Key features and benefits: 

• 1 rewards point for every ₱20 spend 
• Non-expiring rewards points
• Worldwide acceptance and exclusive Mastercard promos 
• Up to five supplementary cards (the annual fee for the first supplementary card is waived for life)
• Unlimited Marhaba Lounge access at NAIA 1 and 3

Fees and charges: 

• Annual fee: Waived for the first year; ₱2,500 afterward
  
• Interest rate: 3%
• Late payment fee:  ₱1,000 or the unpaid minimum amount due, whichever is lower

📌 Security Bank Complete Cashback Mastercard

• Ideal for: Savvy spenders looking for a practical option for purchasing household needs
• Minimum monthly income requirement: ₱65,000

Key features and benefits: 

• Immediate cashback of up to 5% on five essential expenses: groceries, gas, utilities, dining, and shopping 
• As much as ₱12,000 cashback annually 
• Exclusive Mastercard promos and discounts

Fees and charges: 

• Annual fee: Waived for the first year; ₱3,000 afterward
  
• Interest rate: 3%
• Late payment fee: ₱1,000 or the unpaid minimum amount due, whichever is lower

📌 Security Bank Platinum Mastercard

• Ideal for: Frequent travelers
• Minimum monthly income requirement: ₱65,000
  

Key features and benefits:

• Free travel insurance 
• Access to airport lounges worldwide via LoungeKey
• Mastercard E-Commerce Purchase Protection of up to US$200
• 1 rewards point for every ₱20 spend

Fees and charges: 

• Annual fee: Waived for the first year; ₱4,000 afterward
• Interest rate: 3%
• Late payment fee: ₱1,000 or the unpaid minimum amount due, whichever is lower

📌 Security Bank World Mastercard

• Ideal for: Luxury travelers 
• Minimum monthly income requirement: ₱250,000
  

Key features and benefits:

• Membership to more than 1,000 lounges in over 500 airports worldwide
• Free travel insurance coverage up to ₱10 million
• Dining, spa, and retail offers from select exclusive airport merchants
• Mastercard E-Commerce Purchase Protection of up to US$200

Fees and charges: 

• Annual fee: Waived for the first year; ₱5,000 afterward
• Interest rate: 3%
• Late payment fee: ₱1,000 or the unpaid minimum amount due, whichever is lower

Read more: Secure These Deals: Top Security Bank Credit Card Promos to Enjoy

BPI Credit Cards

Want to get a BPI credit card with no annual fee? By default, all BPI cards have waived annual fees for the first year.

But if you're looking for BPI credit cards with waived annual fees for another year, you’re in luck! BPI offers an annual fee waiver program^[2] on select cards (Gold Rewards, Amore Platinum Cashback, and Signature) to eligible customers who meet the minimum annual spend requirement using their card.

📌 BPI Rewards Card

• Ideal for: Money-savvy shoppers looking to go cashless
• Minimum monthly income requirement: ₱15,000

Online shoppers, this one's for you! Use this card to earn points when you shop and get discounts on future purchases. You can also use flexible installment plans so as to not deplete your budget. 

Key features and benefits:

• 1 BPI Point for every ₱35 spend
• Installment plans with terms up to 36 months
• Free travel insurance of up to ₱2 million
• Year-round discounts and perks

Fees and charges:

• Annual fee: Waived for the first year; ₱1,550 afterward
• Interest rate: 3%
• Late payment fee: ₱850
• Cash advance fee: ₱200
• Foreign currency transaction fee: 1.85%

📌 BPI Amore Cashback Card

• Ideal for: Cardholders who love saving while shopping
• Minimum monthly income requirement: ₱15,000

Love malling? If you frequent Ayala Malls, you might as well get this BPI credit card. Use it to avail of exclusive lounge access in Ayala Malls. You also get to save while shopping since you can earn up to 4% cashback with this card. 

Key features and benefits:

• Up to 4% cash back on supermarket and department store spend
• Up to 1% cash back on drugstore spend and bills payments
• Up to 0.3% cash back on all other local retail spend
• Unlimited access to exclusive customer and family lounges in Ayala Malls

Fees and charges:

• Annual fee: Waived for the first year; ₱2,050 after
• Interest rate: 3%
• Late payment fee: ₱850
• Cash advance fee: ₱200
• Foreign currency transaction fee: 1.85%

📌 BPI Gold Rewards Card

• Ideal for: Cardholders looking for premium perks
• Minimum monthly income requirement: ₱40,000

If you put a premium on lifestyle privileges, get the BPI Gold Rewards credit card. Enjoy exclusive year-round discounts and rewards with this card.

It's perfect for frequent travelers since it offers free travel insurance worth up to ₱10 million. Like all other BPI credit cards, it offers one of the lowest foreign transaction fees. 

Key features and benefits:

• 1 BPI Point for every ₱35 spend
• Installment plans with terms up to 36 months
• Free travel insurance of up to ₱10 million
• Year-round discounts 

Fees and charges:

• Annual fee: Waived for the first year; ₱2,250 afterward
• Annual spend requirement for the annual fee waiver: ₱240,000
• Interest rate: 3%
• Late payment fee: ₱850
• Cash advance fee: ₱200
• Foreign currency transaction fee: 1.85%

📌 BPI Amore Platinum Cashback Card

• Ideal for: Those who want premium perks and the best value for their money
• Minimum monthly income requirement: ₱83,333.33

This BPI credit card is the ultimate shopping partner in the Philippines and overseas, both for online and offline purchases. 

With every ₱1,000 you spend, get 4% cashback at restaurants or online food delivery services. Also earn 1% cashback when you use it at department stores, supermarkets, and other shopping stores and 0.3% cashback for all other local and international retail spend. 

Key features and benefits:

• Cashback for every ₱1,000 spend anywhere: 4% on restaurants, 1% on supermarkets and other shopping stores, 0.3% on everything else
• Up to 36 months installment terms

Fees and charges:

• Annual fee: Waived for the first year; ₱5,000 after
• Annual spend requirement for the annual fee waiver: ₱600,000
  
• Interest rate: 3%
• Late payment fee: ₱850
• Cash advance fee: ₱200
• Foreign currency transaction fee: 1.85%

📌 BPI Signature Card

• Ideal for: Affluent consumers looking for premium rewards and luxury travel perks
• Minimum monthly income requirement: ₱100,000

This premium BPI air miles credit card lets you unlock signature rewards and exclusive privileges.

Get a 50% discount on your dining, travel, health, and wellness spending all year round. Save when you shop abroad with BPI’s low forex conversion rate. This is all on top of other premium travel perks using the Visa Signature card.

Key features and benefits:

• Earn 2 BPI Points for every ₱20 spend
• 50% off Signature deals
• Free travel insurance up to ₱20 million
• Free annual membership fee for three years for Preferred Clients

Fees and charges:

• Annual fee: Waived for the first year; ₱5,500 after
• Annual spend requirement for the annual fee waiver: ₱1.2 million
  
• Interest rate: 3%
• Late payment fee: ₱850
• Cash advance fee: ₱200
• Foreign currency transaction fee: 1.85%

RCBC Credit Cards

RCBC waives annual fees on its cards for the first year. However, you can enjoy waived annual fees forever if you apply for a qualified credit card until December 31, 2023, get approved after, and meet the spend requirement within 60 days from card delivery.

Here are some of the eligible cards for RCBC's No Annual Fee for Life promo^[3] in 2023:

📌 RCBC Classic Mastercard

• Ideal for: Money-savvy consumers and frequent travelers
• Minimum monthly income requirement: ₱15,000

With the RCBC Classic Mastercard, earn rewards points for as low as ₱36 per spend. It also comes with free travel insurance—handy if you want to convert your accumulated points to air miles! 

This card also comes with free budget monitoring tools so you can stay on track with your finances.

Key features and benefits:

• Earn points for as low as ₱36 per spend
• Convert your points to air miles and other rewards
• Free travel insurance and purchase protection
• Free budget monitoring tools 

Fees and charges:

• Annual fee: Waived for the first year; ₱1,500 after
  
• Interest rate: 3%
• Late payment fee: ₱850
• Cash advance fee: ₱200
• Foreign currency transaction fee: 1.68% until November 15, 2023

📌 RCBC Flex Visa

• Ideal for: Shoppers who want financial flexibility 
• Minimum monthly income requirement: ₱15,000

The aptly named Flex Visa gives you flexibility—you can earn 2x rewards points on two of your preferred categories (dining, clothing, travel, or transportation), which you can change once every billing cycle. You can then use your points to redeem shopping vouchers or cash rebates.

Key features and benefits:

• Earn 2x rewards points on two preferred categories
• Change your preferred categories once every billing cycle
• Redeemable shopping vouchers or cash rebates
• Free travel insurance
• Purchase protection
• Access to the Marhaba/Skyview Airport Lounge

Fees and charges:

• Annual fee: Waived for the first year; ₱1,500 after
  
• Interest rate: 3%
• Late payment fee: ₱850
• Cash advance fee: ₱200
• Foreign currency transaction fee: 1.68% until November 15, 2023

📌 RCBC Flex Gold Visa

• Annual fee: ₱3,000
• Features: 2x rewards on your three preferred categories from the following: Household Appliances, Department Store, Travel, Gas, and Grocery
• Minimum monthly income: ₱50,000
• Ideal for: Cardholders who prioritize premium rewards and benefits 

📌 PNB-PAL Mabuhay Miles NOW Mastercard

• Ideal for: Loyal PAL clients
• Minimum monthly income requirement: ₱10,000

Who says earning travel miles is only for executives and jet-setters? If you’re a frequent flyer with Philippine Airlines, you can earn Mabuhay Miles even with a low monthly income, thanks to the PNB-PAL Mabuhay Miles NOW Mastercard. And when you charge your entire round trip―land, air, or sea―to your card, you get free travel insurance.

PNB's PNB-PAL Mabuhay Miles NOW Mastercard also waives principal cardholders' annual fees for the first three years.

Key features and benefits:

• 1,000 Mabuhay Miles welcome gift for new cardholders
• 1 rewards point = 1 Mabuhay Mile
• Exclusive year-round PAL online discount
• Card Protect for secure shopping
• Accepted globally

Fees and charges:

• Annual fee: Waived for the first three years for the principal card; waived for life for supplementary cards
• Interest rate: 3%
• Late payment fee: ₱1,000 or US$20 or the unpaid minimum amount due,
  whichever is lower
• Cash advance fee: ₱200 or US$4
• Foreign currency transaction fee: 2.50%

Final Thoughts

Owning a credit card comes with multiple kinds of convenience, but that convenience comes with a price.

You only have to cover the credit card’s annual fee once a year. Still, the privilege of not having to settle it is a big deal—you get to save a bit of extra money. 

When choosing the right credit card with no annual fee, consider two important things: your lifestyle and your budget. However, finding the right card can be challenging, so we recommend using Moneymax’s credit card comparison tool. Our free and easy-to-use platform lets you compare the features and rates of different credit cards and allows you to apply for a card right away.

Click the banner to get started! 

Source:

• ^[1] UnionBank Rewards Credit Card No Annual Fee Promo
• ^[2] BPI Annual Fee Waiver Programs for Gold Rewards, Amore Platinum Cashback, and Signature Cards
• ^[3] RCBC Credit Cards No Annual Fee For Life Promo