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Moneymax Reviews: How Rewarding is a UnionBank Rewards Credit Card?

Ricky Publico

Ricky Publico

Last updated August 08, 2023

What’s the one thing first-time and long-time cardholders have in common? Their affinity for rewards, of course.

One of the most popular rewards credit cards out there is the UnionBank Rewards Visa Platinum. You can't go wrong if you start your rewards journey with this one! 

In this in-depth look at this credit card, learn more about its features, fees, and perks. Check out our UnionBank Rewards Credit Card review below. 

UnionBank Rewards Card Features

Every credit card comes with a set of terms and conditions, and this one is no different. Study the features and fees before applying for any card out there.

unionbank rewards credit card review - features
  • Annual fee:
    • ₱2,500 for principal cardholders (free for the first year)
    • ₱1,250 for supplementary cardholders (free for the first year)
  • Interest rate: 3%
  • Minimum monthly income requirement: ₱15,000 
  • Cash advance fee: ₱200 per transaction
  • Late payment fee: ₱1,500 or the unpaid minimum amount due, whichever is lower
  • Overlimit fee: ₱1,500 or the highest overlimit amount during the billing period, whichever is lower
  • Foreign transaction fee: 3.525%
  • Card replacement fee: ₱400

unionbank rewards credit card review - apply now

Wondering how much is the UnionBank Rewards card credit limit? It depends on the applicant's income, credit score, and other factors, so it varies per cardholder. 

❓ What is the UnionBank Rewards Credit Card?

The UnionBank Rewards Visa Platinum, also known as the UnionBank Rewards Credit Card, is a rewards credit card from UnionBank. Use this card to quickly earn points, which you can then redeem for a variety of rewards.

❓ Who is the UnionBank Rewards Credit Card Ideal for?

If you want to make the most out of your spending by earning multiple points per purchase, consider applying for this credit card. 

Related article: How to Apply for a UnionBank Credit Card in 3 Easy Steps

What Can I Redeem with a UnionBank Rewards Credit Card?

UnionBank rewards credit card review - rewards to redeem

The UnionBank Rewards Credit Card has one of the fastest earn rates in the Philippines. Its program allows you to earn 1 rewards point for every ₱30 spend, regardless of the category. Triple your points if you use your card at shopping boutiques, department stores, and restaurants.

Your points have no cap and no expiry date, which is always a plus! You can redeem rewards any time you wish. 

Want to know how to use UnionBank rewards points? Exchange your points for cash credits, merchandise, gadgets, points transfers, free flights through selected Frequent Flyer Programs, and more. Visit the rewards redemption page[1] for more information.

What Perks Can I Enjoy with the UnionBank Rewards Credit Card?

But the variety of rewards isn't the only upside. Check out this card's other benefits below:

👍 No Annual Fee Forever Promo

Want to bid annual fees goodbye? Just apply for this card and get approved until August 31, 2023, and then meet the spend requirement.

Read more: Moneymax UnionBank Exclusive Promo: Enjoy No Annual Fee for Life!


🎁 Free Welcome Gift: No Annual Fee for Life Plus Maximum Rewards for U!

moneymax unionbank rewards credit card no annual fee promo

Eligible card: UnionBank Rewards Credit Card

Promo period: Until February 29, 2024

Say goodbye to annual fees forever and hello to next-level rewards with your new UnionBank Rewards Card! Just apply via Moneymax and get approved within the promo period, and then meet the ₱20,000 spend requirement within 60 days from your card approval date.

This Moneymax UnionBank Rewards Credit Card No Annual Fee Promo runs until February 29, 2024 only. Per DTI Fair Trade Permit No. FTEB-178773 Series of 2023.

Note: The promo is exclusive to applicants who do not have an existing principal credit card issued by UnionBank and/or Citi.


👍 Exclusive Deals with UnionBank's Partners

This credit card also gives you access to exclusive deals with UnionBank’s partner establishments. Get discounted deals at participating restaurants, hotels, resorts, airlines, and other establishments worldwide.

👍 User-Friendly UB Online App

Use UnionBank's mobile app to manage everything related to your credit card. Wondering how to redeem UnionBank rewards points in the Philippines? You can do so via the app.

You can also check your points, manage your card settings, pay your credit balances, and complete other credit card-related transactions. This app is known for its user-friendly interface, so you can easily manage it even if you don't consider yourself a techie. 

Download the UnionBank Online App Now!

The UnionBank Online Banking app is available on the App Store, Google Play Store, and Huawei App Gallery. You can download it via the links below:

Ready to apply for the UnionBank Rewards Credit Card? Click the banner below to get started: 

UnionBank Rewards Credit Card

Read more: Need a Card? Here’s a Guide to Credit Card Online Application

UnionBank Rewards Credit Card Alternatives

However, if you think this isn't the right credit card for you, there are plenty of alternatives to consider. Compare credit cards to ensure you get a card that suits your budget and needs.

Here are some UnionBank alternatives:

Credit Card
Annual Fee
Minimum Annual Income Requirement
Key Features
UnionBank Rewards Credit Card
UnionBank Rewards Credit Card - Aug 2023
APPLY NOW
₱2,500
₱180,000
  • 1 point per ₱30 spend
  • 3x points for shopping and dining in the Philippines and overseas
  • Non-expiring points can be redeemed for cash credits, gadgets, merchandise, and more
UnionBank PlayEveryday
unionbank playeveryday
APPLY-NOW
₱1,500
₱360,000

Gamified rewards system

  • Setting up a profile - 500 points
  • Spending - 1 point for every ₱10 spent
  • Referral - 100 points
UnionBank Lazada Credit Card
UnionBank-Lazada-Credit-Card-e1641292471634
APPLY-NOW
₱3,000
₱360,000
  • 6x Lazada Credits for every ₱200 spent on the app
  • 1x Lazada Credit for every ₱200 spent on other transactions
  •  Free shipping and sale vouchers
UnionBank Go Rewards Gold Credit Card
unionbank go rewards gold
APPLY-NOW
₱3,000
₱360,000
  • 1 Go Rewards points for every ₱200 spend
  • Complimentary Go Rewards Black Membership
  • Exclusive Go Rewards deals
UnionBank Cebu Pacific Gold Credit Card
UnionBank-Cebu-Pacific-Gold-1-e1641362718317
APPLY-NOW
₱3,000
₱360,000
  • 1 Go Rewards point for every ₱200 spend
  • 1 Go Rewards point for every ₱100 spend at Cebu Pacific
UnionBank Miles+ Platinum Visa Card
UnionBank Miles+ Platinum Visa
APPLY-NOW
₱3,000
₱600,000
  • 1 point for every ₱25 spend
  • 1.5 points for every ₱25 travel spend
  • Access to exclusive airport lounges 
  • Travel insurance coverage of up to ₱10 million
UnionBank Platinum Visa Card
UnionBank-Platinum-Visa-Card-e1641375874553
APPLY-NOW
₱3,000
₱600,000
  • Dedicated Visa Platinum 24/7 concierge service
  • Access to exclusive airport lounges 
  • Travel insurance coverage of up to ₱10 million
UnionBank Cash Back Visa Platinum
unionbank cashback visa platinum
APPLY-NOW
₱4,500
₱180,000
  • 6% cash back on groceries
  • Up to 2% cash back on Meralco bill payments 
  • Up to 0.20% cash back on all other purchases

 

Not quite what you're looking for? Here are options from other banks:

💳 Metrobank Titanium Mastercard

Metrobank Titanium

If you find UnionBankbank’s rewards program lacking, try other rewards credit cards. Earn points more quickly with the Metrobank Titanium Mastercard. Get one point for every ₱20 spend and up to 2x points on dining, department store, and online purchases. 

Plus, you can waive your annual fees if you apply for this card until February 29, 2024 and meet the required annual spend of ₱180,000.

💳 HSBC Red Mastercard 

HSBC Red Mastercard

The HSBC Red Mastercard also has a robust rewards program. Earn 1 point per only ₱20 spend and up to 4x points on shopping, dining, online, and overseas spend. Plus, you can earn a 3% rebate when you gas up at Caltex.

💳 HSBC Platinum Visa Rebate

HSBC CC Blog Visual CTA - HSBC Platinum Visa Rebate

Prefer cashback over rewards? This cashback credit card from HSBC is suited for shoppers and travelers. It earns a high rebate of 5% on travel and shopping (including online) transactions, plus 1% on insurance and 0.50% on all other transactions.

💳 BPI Platinum Rewards Mastercard

BPI Platinum Rewards Card

Do you travel a lot? The most rewarding BPI credit card for you would be the Platinum Rewards Mastercard. Earn two BPI Points per ₱30 local spend and ₱20 per foreign transaction.

This card also offers up to ₱10 million travel insurance coverage and free Priority Pass membership (upon meeting the spend requirement).

💳 BPI Amore Cashback Card

BPI Amore Cashback Card

Consider BPI's Amore Cashback card if you want rebates on essential spending. For every ₱1,000 local spend, enjoy 4% cashback on supermarkets, 1% on drug stores and utilities, and 0.3% on other local spend. 

Related reading: 2 Simple Steps to Find the Best Credit Card for You

UnionBank Rewards Credit Card Review: Final Thoughts

That concludes our UnionBank Rewards Credit Card review! If you’re looking to make shopping more rewarding, this card will help you do that and more. With its wide range of rewards and other value-added perks, this card is a noteworthy addition to your card options.

Compare credit cards with Moneymax

Source: [1] Rewards | UnionBank of the Philippines

Ricky is the zaniest Product Marketing Manager at Moneymax, with over six years of writing experience in the digital marketing industry. He had written for SEO, cybersecurity, and other related industries prior to joining Moneymax. He also specializes in content writing, copywriting, and email marketing. He is a huge fan of pro-wrestling, One Piece, and smartphones in general. Follow Ricky on LinkedIn.

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