You know when they say credit cards are as good as gold these days? Well, credit card providers like UnionBank took it a little too literally with their Gold line of credit cards, the UnionBank Gold Visa and the UnionBank Gold Mastercard. But how will you choose the right credit card between the two? That’s what we’re going to find out in this UnionBank Gold credit card review.
At first glance, these two credit cards are almost identical. And as you’ll soon find out, they have more similarities than differences. But what makes them different will probably interest you. Mainly, do you prefer earning more rewards or do you prefer earning more cashback? Let’s get down to it in this brand new edition of Moneymax Reviews!
Table of Contents
- UnionBank Gold Credit Card Key Features
- Why Choose UnionBank Gold Visa?
- Why Choose UnionBank Gold Mastercard?
- What Perks Can I Expect from My UnionBank Gold?
- UnionBank Gold Credit Card Alternatives
- Final Thoughts
UnionBank Gold Credit Card Key Features
Whether you’re getting the Visa or Mastercard variant, these are the key features you can expect. So what’s the difference, you ask? We’ll discuss them all later. For now, check out if a UnionBank Gold credit card fits your budget and lifestyle before preparing your credit card requirements.
- Annual fee: PHP 2,500
- Interest rate: 2%
- Minimum monthly income requirement: PHP 30,000
- Cash advance fee: PHP 200
- Late payment fee: PHP 750
- Overlimit fee: PHP 500
- Foreign transaction fee: 3%
- Card replacement fee: PHP 400 per card
Why Choose UnionBank Gold Visa?
The difference between UnionBank Gold variants boils down to their main features. For instance, UnionBank Gold Visa is the perfect credit card for reward seekers because it earns you one reward point for every PHP 35 spend. Plus, your points will never expire, which means you can redeem anytime you want. So feel free to hoard those points!
And for frequent flyers out there, you can use your UnionBank Gold Visa to get access to Club Manila Lounge at NAIA Terminal 1. From there, you can kick back, relax, and indulge in a gourmet selection of meals and an assortment of beverages, wines, and liquor—all while you’re waiting for your flight.
Is the UnionBank Gold Visa the right card for you? Here’s a quick reminder of its key features.
Why Choose UnionBank Gold Mastercard?
If travel isn’t your cup of tea and you’d rather save money, you can choose the UnionBank Gold Mastercard. Starting July 1, 2021, this credit card will earn you 1% cashback on all purchases. It may not be a lot, but the fact that this cashback applies to any spend category means your cashback will eventually pile up to more savings.
And if that’s not enough, how about a welcome gift? Because if you apply and get approved for the UnionBank Gold Mastercard, you’ll receive a free Lazada voucher worth PHP 500. Because what better way to start spending using your newly-minted credit card than a generous online shopping voucher?
Convinced? Here’s a quick rundown of UnionBank Gold Mastercard’s key features.
What Perks Can I Expect from My UnionBank Gold?
Enough about the differences, let’s head down to that part of the UnionBank Gold credit card review where we talk about the perks. Admit it, you probably headed straight to this section of the article. Don’t worry, we don’t judge.
Earn one reward point for every PHP 35 spend
As mentioned earlier, your UnionBank Gold credit card earns you one reward point for every PHP 35 spend. The good news is that this perk isn’t exclusive to the Visa variant. So whichever card you choose, expect to build your rewards one PHP 35 spend at a time. And it’s not like you’ll run out of rewards to redeem—just check out their extensive rewards catalog.
Enjoy 0% interest installment payment plans
Are you the type of shopper who doesn’t enjoy paying in full when shopping and instead wisely divides your expenses to monthly payments? Then a UnionBank Gold credit card is perfect for you. Each Gold variant comes with 0% interest installment plans for wais shoppers like you.
Free life insurance coverage up to PHP 400,000
And since your life is as valuable as gold, a UnionBank Gold credit card can help protect it financially with its free life insurance coverage of up to PHP 400,000. Not only does it cover you from death due to illness or accident, this insurance also pays for your monthly minimum payment while you’re temporarily disabled.
Access to UnionBank Online
And once you get your UnionBank Gold credit card, you can download the UnionBank Online app and manage all your credit card transactions from there. As an award-winning digital bank innovator in the Philippines, UnionBank currently has one of the best online banking apps out there.
UnionBank Gold Credit Card Alternatives
Did neither of UnionBank’s Gold credit cards impress you? Don’t worry, we got some alternatives you can check out. You can even apply for a credit card online now so be sure to take advantage of that in this pandemic era.
AUB Gold Mastercard
What edges out the AUB Gold Mastercard from its Gold counterparts is its no annual fees feature. That’s pretty rare for premium credit cards in the Philippines. So if you want the same premium perks without paying every year, then you should try your luck applying for your first AUB credit card.
Citi PremierMiles Card
If you want more travel perks from your Mastercard and you don’t mind the annual fee, you should apply for a Citi PremierMiles Card. You don’t want to miss out on its rewards program of 1 PremierMile for every PHP 30 spend or the free travel insurance coverage of up to PHP 1 million.
RCBC Bankard Flex Gold Visa
If you want to stay loyal with Visa and you really want a golden credit card, you can also try looking at RCBC Flex Gold Visa. You’ll earn twice the rewards in three spend categories: you can choose from grocery, gas, department store, household appliances, or travel spend.
HSBC Gold Visa Cash Back
Need more cashback with your credit card? Maybe HSBC’s Gold Visa Cash Back’s rebate rate of up to 5% will convince you. That’s a pretty big case to get a credit card, especially in the new normal. Plus, your cashback credit goes straight to your account—no need for extra steps to redeem them.
And that’s another edition of Moneymax Reviews in the books! Did this UnionBank Gold Credit Card review convince you to pick one? Which Gold variant are you picking? Whether you pick Visa or Mastercard, just make sure it fits your budget and lifestyle. And as we always say, swipe responsibly!
Ricky is the zaniest Senior Content Writer at Moneymax, with over five years of writing experience in the digital marketing industry. He is a huge fan of pro wrestling, smartphones, and binge-watching. Follow Ricky on LinkedIn.