11 Credit Cards with Low Interest Rate in the Philippines

Published: August 21, 2019 | Updated: June 8, 2020 | Posted by: Venus Zoleta | Credit Card


Credit Cards with Low Interest Rate in the Philippines | Moneymax

A common credit card myth that Filipinos believe is that all cards charge high interest rates. However, if you’re sure that you can make credit card payments in full and on time, the interest rate shouldn’t matter as much as the annual fee when choosing a card for you. However, if you tend to carry a balance every month, it’s practical to switch to a credit card with low interest rate.

While it’s true that many cards have finance charges as high as 3.50%, you won’t be hard-pressed to find credit cards with low interest rate. All it takes is doing your research (and comparing your options to determine the best card).

Lucky for you, here’s a quick list of credit cards with low interest rate in the Philippines that can help you save money on your credit card bill.

Read more: Credit Card Myths Filipinos Should Stop Believing

Credit Cards with Low Interest Rate in the Philippines

1. EastWest Priority Visa Infinite

Interest Rate: 1.99%

Credit Cards with Low Interest Rate in the Philippines - EastWest Priority Visa Infinite

EastWest Priority Visa Infinite key features and benefits:

  • Annual fee: No annual fee for life
  • Rewards program: 1 rewards point for every PHP 10 purchase
  • Minimum monthly income requirement: PHP 208,333
  • Among other credit cards with low interest rate, this card is the only one below 2%.
  • Up to PHP 20 million travel accident and inconvenience insurance
  • VIP airport lounge access
  • Premium lifestyle privileges

2. AUB Gold Mastercard

Interest Rate: 2.25%

Credit Cards with Low Interest Rate in the Philippines - AUB Gold Mastercard

AUB Gold Mastercard key features and benefits:

  • Annual fee: No annual fee for life
  • Minimum monthly income requirement: PHP 50,833.33
  • Rewards program: 1 rewards point for every PHP 20 purchase
  • Complimentary airport lounge access
  • Flexibility in terms of setting payment due date and minimum amount due

3. AUB Platinum Mastercard

Interest Rate: 2.25%

Credit Cards with Low Interest Rate in the Philippines - AUB Platinum Mastercard

AUB Platinum Mastercard key features and benefits:

  • Annual fee: No annual fee for life
  • Minimum monthly income requirement: PHP 50,833.33
  • Rewards program: 1 rewards point for every PHP 20 purchase
  • Complimentary airport lounge access
  • Flexibility in terms of setting payment due date and minimum amount due

4. Metrobank M Lite Mastercard

Interest Rate: 2.49%

Credit Cards with Low Interest Rate in the Philippines - Metrobank M Lite Mastercard

Metrobank M Lite MasterCard key features and benefits:

  • Annual fee: PHP 1,500
  • Minimum monthly income requirement: PHP 16,666.67
  • Rewards program: None
  • Discounts, freebies, and other great deals at M Here partner merchants

5. PNB-PAL Mabuhay Miles World Mastercard

Interest Rate: 2.70%

Credit Cards with Low Interest Rate in the Philippines - PNB PAL Mabuhay Miles World Mastercard

PNB-PAL Mabuhay Miles World Mastercard key features and benefits:

  • Annual fee: PHP 6,000
  • Minimum monthly income requirement: PHP 40,000
  • Rewards program: 1 Mabuhay Mile for every PHP 33 local or overseas purchase
  • 2,000 Mabuhay Miles as a welcome gift
  • 10,000 bonus Mabuhay Miles upon reaching PHP 100,000 worth of PAL transactions
  • 5% off select PAL international flights when booked at the PAL website
  • Priority check-in at PAL Business Class counters at NAIA Terminals 1, 2, and 3
  • Up to PHP 10 million travel insurance
  • Up to PHP 250,000 purchase protection insurance
  • Concierge services
  • 24/7 emergency medical and travel assistance
  • Dual currency billing option

6. BDO Platinum Mastercard

Interest Rate: 2.75%

Credit Cards with Low Interest Rate in the Philippines - BDO Platinum Mastercard

BDO Platinum Mastercard key features and benefits:

  • Annual fee: PHP 4,500 (free for the first year)
  • Minimum monthly income requirement: PHP 100,000
  • Rewards program: 1 rewards point for every PHP 40 local purchase or USD 1 overseas purchase
  • Up to PHP 20 million travel accident and inconvenience insurance
  • Exclusive perks on international travels
  • 50% discount at select dining establishments
  • Dual currency billing option
  • VIP airport lounge access

7. BDO Diamond UnionPay

Interest Rate: 2.75%

Credit Cards with Low Interest Rate in the Philippines - BDO Diamond UnionPay

BDO Diamond UnionPay key features and benefits:

  • Annual fee: PHP 5,000 (free for the first three years)
  • Minimum monthly income requirement: PHP 100,000
  • Rewards program: 1 rewards point for every PHP 40 local purchase or USD 1 overseas purchase
  • Up to 30% discount from participating stores via u•plan
  • UnionPay exclusive promos
  • Dual currency billing option
  • UnionPay concierge service[1]
  • Medical assistance worldwide
  • VIP healthcare assistance in mainland China
  • Global travel assistance

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

8. EastWest Platinum Mastercard

Interest Rate: 2.75%

Credit Cards with Low Interest Rate in the Philippines - EastWest Platinum Mastercard

EastWest Platinum Mastercard key features and benefits:

  • Annual fee: PHP 2,750
  • Minimum monthly income requirement: PHP 150,000
  • Rewards program: 1 rewards point for every PHP 40 purchase
  • Complimentary EastWest Platinum Virtual Card
  • Up to PHP 20 million travel accident and inconvenience insurance
  • Exclusive airport lounge access
  • 24/7 Mastercard worldwide concierge service

9. BPI Family Savings Credit Card

Interest Rate: 3%

Credit Cards with Low Interest Rate in the Philippines - BPI Family Savings Credit Card

BPI Family Credit Card key features and benefits:

  • Annual fee: PHP 1,350 (free for the first year)
  • Minimum monthly income requirement: PHP 15,000
  • Rewards program: None
  • Cash advance of up to 30% of your credit limit
  • Contactless technology

10. HSBC Premier Mastercard

Interest Rate: 3.10%

Credit Cards with Low Interest Rate in the Philippines - HSBC Premier Mastercard

HSBC Premier Mastercard key features and benefits:

  • Annual fee: No annual fee for life
  • Minimum total relationship balance requirement: PHP 3 million (including deposits and investments)
  • Rewards program: 4 rewards points for every PHP 20 purchase
  • Travel accident and inconvenience insurance
  • Free unlimited Wi-Fi access
  • HSBC Premier privileges worldwide

11. Maybank Gold Visa

Interest rate: 3%

Credit Cards with Low Interest Rate in the Philippines - Maybank Gold Visa

Maybank Gold Visa key features and benefits:

  • Annual fee: PHP 2,000
  • Minimum monthly income requirement: PHP 300,000
  • Rewards program: Earn 1 point for every PHP 25 you spend
  • 0% interest installment payment plans at all partner merchants

Final Thoughts

Do you feel like you’re paying too much for owning your credit card because of its high interest rate? You can cut down on your credit card costs if your card has a low interest rate. So make that switch as soon as possible. Compare the credit cards with low interest rate listed above to see which one suits your needs best.

However, if you like to keep your existing card but want to lower its finance charge, check this article to learn the different ways to reduce your card’s interest rate.

Get the right loan for you.

Source: UnionPay Premium Card Concierge