How to Get Approved for a Credit Card

1. Check if You Meet the Eligibility Criteria

Most banks in the Philippines require applicants to be at least 21 years old, with a stable source of income and a minimum monthly salary (often ₱15,000 or higher, depending on the card). Some cards, especially those for low-income earners or freelancers, may accept alternative documents.

2. Gather the Required Documents

These typically include a valid ID, proof of income (such as payslips, ITR, or bank statements), and a certificate of employment. OFWs can present remittance slips and job contracts, while students may apply for supplementary cards with their parent or guardian’s credentials.

3. Choose Your Application Method

You can apply through a bank branch, official website, or a financial comparison platform like Moneymax. Online applications are faster, especially for digital banks or fintech credit card providers.

4. Submit Your Application

Ensure all information is accurate and complete. Submitting incorrect or incomplete documents is one of the top reasons credit card applications are denied.

Tips on How to Get Approved

Applying is one thing, but getting approved is another. Banks and issuers assess your creditworthiness¹ before giving you access to a credit line. Knowing what they look for—and how to present yourself as a trustworthy borrower—can make a big difference.

1. Maintain a Good Credit Score

Your credit score reflects your financial behavior, especially your repayment habits. Paying bills on time, avoiding debt, and limiting loan applications can all help boost your score.

2. Apply for the Right Card Based on Your Income

Don’t apply for high-tier cards if your income doesn’t match. Instead, look for entry-level credit cards with low income requirements or no annual fees.

3. Avoid Submitting Multiple Applications

Each application creates a hard inquiry² on your credit report, which may lower your credit score and signal financial desperation to lenders.

4. Make Sure Your Documents Are Clear and Up-to-Date

Blurry photos or outdated payslips may delay your approval. Double-check your application before sending it in.

How to Choose the Right Credit Card for You

Not all credit cards are created equal. Choosing the right one depends on your income level, lifestyle, spending habits, and financial goals.

To get the most out of your credit card—and avoid unnecessary debt—it’s important to match your choice to your specific profile.

1. Identify Your Purpose for Getting a Card

Are you trying to build credit, earn rewards, manage cash flow, or gain convenience in paying bills? Narrowing down your reason will help you select a card that truly meets your needs.

2. Compare Cards by User Type

Different credit cards cater to different user profiles. Here are some tips based on your financial situation and life stage:

For Freelancers

A credit card for freelancers should offer flexibility and accept alternative income proofs. Look for:

• Cards that accept PayPal, GCash, or invoicing history
• Low or waived annual fees
• Virtual or secured credit card options if you're just starting out

Tip: Choose a card that doesn’t penalize irregular income and offers financial tools to manage your cash flow.

For OFWs

The best credit card for OFWs is one that supports local family needs and accepts overseas documentation. Consider:

• Providers that accept remittance receipts and overseas employment proof
• Cards with useful local perks (e.g., utility rebates, grocery discounts)
• E-wallet payment compatibility for easier management from abroad
• Low foreign transaction or conversion fees

Tip: Some banks and fintechs allow remote applications—perfect for OFWs who want to support loved ones back home.

For Students

Credit cards for students are often supplementary cards linked to a parent or guardian. Look for:

• Cards with no annual fee or student discounts
• Low credit limits to prevent overspending
• Simple rewards or cashback for everyday school-related purchases

Tip: Use your card to build early financial discipline. Pay in full and on time each month.

For Entrepreneurs and Small Business Owners

Entrepreneurs need a card that helps separate personal and business expenses. Prioritize cards with:

• Low interest rates or flexible installment terms
• Cashback or rebates on common small business expenses (e.g., fuel, utilities, office supplies)
• Higher credit limits with proper business documentation

Tip: Choose a card that supports your cash flow cycle, especially if you manage inventory or invoices.

For Seniors

Seniors can benefit from credit cards that are simple to manage and offer essential perks. Look for:

• Cards that accept pension documents as proof of income
• No annual fee or senior discounts at pharmacies and supermarkets
• Emergency features like auto-insurance or health-related coverage

Tip: Opt for user-friendly cards with mobile apps that are easy to navigate and understand.

For Low-Income Earners

Credit cards for low income earners are typically entry-level cards that don’t require a huge salary. Choose one that:

• Has no or low annual fees
• Offers rebates or cashback on groceries, bills, and transport
• Allows e-wallet or over-the-counter payments

Tip: Keep credit usage low and always pay more than the minimum to build your credit score.

For Young Adults and First-Time Cardholders

If you're starting your financial journey, your first credit card should be easy to manage. Look for:

• Cards with simple reward systems and no annual fees
• Entry-level credit limits to encourage responsible use
• Digital-first cards with mobile apps, alerts, and smart budgeting tools
• Compatibility with your lifestyle—like perks on food delivery, streaming, or ridesharing

Tip: Use your credit card to build a positive credit history early. Even small purchases paid on time help.

3. Review Fees, Rewards, and Interest Rates

Don’t just chase rewards—check the full cost of owning the card. Compare:

• Annual and hidden fees
• Interest rates (APR)
• Penalty charges for late or missed payments
• Actual value of cashback or rewards programs
  
  

4. Consider Digital and Non-Traditional Credit Card Options

If you're unbanked or don't meet traditional requirements, explore:

• Virtual credit cards from fintech platforms
• Prepaid cards with credit features
• Secured cards backed by a deposit

Tip: These are especially helpful if you’re building or rebuilding your credit profile.

Build Your Credit the Smart Way

Ready to take control of your finances and enjoy the convenience of a credit card? Start by comparing credit cards that match your profile through Moneymax.

Whether you’re a student, OFW, freelancer, or someone looking for their first card, there’s a credit card out there that’s right for you.

Be smart—apply strategically, manage your spending, and build your credit the right way.