There are lots of advantages to proudly proudly owning a financial institution card: ease of purchase, having an emergency line of credit score rating and having enjoyable with distinctive rewards and perks, amongst many others. Many people, nonetheless, are discouraged to get a financial institution card as a result of costs that embody it.
Financial institution card costs are disheartening—it’s true. Nonetheless like all points, consolation comes with a value. In case you desire a plastic card, chances are you’ll stay away from additional bills by getting certainly one of many 14 financial institution playing cards with out annual cost throughout the Philippines.
What’s a Credit score rating Card Annual Worth?
A financial institution card annual cost is a consolation cost that suppliers value to their consumers. Principally, it’s the amount you pay for using your monetary establishment’s financial institution card suppliers.
Skilled tip: stay away from annual costs so it may well prevent more money. There are two kinds of financial institution playing cards with out annual cost: taking part in playing cards with no annual cost for all occasions and other people with a restricted annual cost waiver (e.g., free annual cost for a restricted interval, a minimal annual spend, and lots of others.).
Credit score rating Taking part in playing cards with No Annual Worth for Life
CREDIT CARDS WITH FREE ANNUAL FEE |
FEATURES & BENEFITS |
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AUB CLASSIC MASTERCARD
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AUB EASY MASTERCARD
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CITI SIMPLICITY+
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CITI REWARDS CARD
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METROBANK M FREE MASTERCARD
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UNIONBANK CEBU PACIFIC GET GO
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Know additional about financial institution playing cards with no annual cost throughout the Philippines.
AUB Classic Mastercard
✅ Best for: Individuals on a funds
✅ Minimal month-to-month income requirement: PHP 21,000
AUB Fundamental Mastercard is among the many excessive financial institution playing cards with out annual cost throughout the Philippines. Aside from having a low month-to-month income requirement, the AUB Fundamental Mastercard moreover permits their cardholders to determine on how so much they pay and after they pays their financial institution card balances.
📌 Key choices and benefits:
- No annual cost for all occasions (principal and two supplementary cardholders)
- Earn 1 rewards stage for every PHP 50 spent
- Simple hyperlink to PayPal
- 0% curiosity on new purchases
- Cash rebates on 1,000 to 5,000 AUB rewards elements
💳 Expenses and bills:
- Price of curiosity: 2%
- Card various cost: PHP 500
- Late value cost: PHP 700 or the unpaid minimal amount due, whichever is lower
- Worldwide transaction cost: 1% service cost added to the sum of peso conversion and Mastercard costs
AUB Easy Mastercard
✅ Best for: Individuals who want additional value flexibility
✅ Minimal month-to-month income requirement: PHP 21,000
One different AUB financial institution card with free annual cost for all occasions, the AUB Simple Mastercard is very like the AUB Fundamental Mastercard apart from that it has additional minimal amount due decisions. It’s good for a lot of who uncover it troublesome to take care of up with financial institution card funds.
📌 Key choices and benefits:
- No annual cost for all occasions (principal and two supplementary cardholders)
- Earn 1 rewards stage for every PHP 20 spent
- Simple hyperlink to PayPal
- 0% curiosity on new purchases
- Cash rebates on 1,000 to 5,000 AUB rewards elements
- Versatile financial institution card value frequency and due date
💳 Expenses and bills:
- Price of curiosity: 2%
- Card various cost: PHP 500
- Late value cost: PHP 700 or the unpaid minimal amount due, whichever is lower
- Worldwide transaction cost: 1% service cost added to the sum of peso conversion and Mastercard costs
Monetary establishment of Commerce Platinum Mastercard
✅ Best for: Extreme-income earners
✅ Minimal month-to-month income requirement: PHP 100,000
📌 Key choices and benefits:
- No annual cost for all occasions for principal and supplementary cardholders
- Earn 1 rewards stage for every PHP 25 spent
- 5x rewards elements at select consuming and procuring retailers
- As a lot as PHP 2 million journey insurance coverage protection safety
- Twin international cash billing
💳 Expenses and bills:
- Price of curiosity: 2%
- Late value cost: PHP 700 (Peso billing) or USD 12 (Dollar billing) or the unpaid minimal amount due, whichever is lower
- Cash advance cost: PHP 200 per transaction (Peso billing) or USD 4 per transaction (Dollar billing) plus prevailing finance value
- Worldwide international cash transaction cost: 2.50%
BPI eCredit Card
✅ Best for: Net consumers
✅ Minimal month-to-month income requirement: PHP 15,000
BPI eCredit card is the first digital credit score rating line designed for on-line procuring. This financial institution card with out annual cost is right for individuals who repeatedly make on-line purchases and wish to separate funds funds from procuring funds.
📌 Key choices and benefits:
- No annual cost for all occasions (principal and supplementary cardholders)
- Earn 1 rewards stage for every PHP 35 spent
- Convert purchases from confederate retailers to 0% installment plan
- eCredit perform[1] protects cardholders by assigning a lower credit score rating prohibit and a definite financial institution card amount
💳 Expenses and bills:
- Price of curiosity: 2%
- Finance value: 2%
- Cash advance cost: PHP 500 or 3% of the cash advance amount, whichever is elevated
- Late value cost: PHP 500 or 6% of the overdue amount, whichever is elevated
Citi Simplicity+ Card
✅ Best for: Widespread financial institution card clients
✅ Minimal month-to-month income requirement: PHP 15,000 in case you might have one different financial institution card, PHP 20,833 if none
As compared with completely different financial institution playing cards with no annual cost on the market, this Citi Simplicity+ card affords additional versatile value phrases to their consumers. Cardholders who pay not lower than the minimal due on or sooner than their due date will get a ten% rebate on curiosity bills.
📌 Key choices and benefits:
- No annual cost for all occasions (principal and supplementary cardholders)
- No late costs and no over prohibit costs
- As a lot as 50% low value on collaborating resorts and lodges[2]
- As a lot as 50% low value on collaborating consuming locations[3]
💳 Expenses and bills:
- Price of curiosity: 2%
- Cash advance cost: PHP 200 or 2.04% of cash advance amount, whichever is elevated
- Card various cost: PHP 400
EastWest Platinum Mastercard
✅ Best for: Executives and businesspeople
✅ Minimal month-to-month income requirement: PHP 150,000
Little doubt, in all probability probably the most sought-after financial institution playing cards with free annual cost throughout the Philippines is the EastWest Platinum Mastercard. Whatever the extreme annual income requirement, cardholders get to benefit from one-of-a-kind rewards [1] resembling 24/7 worldwide concierge suppliers and lighter value phrases.
📌 Key choices and benefits:
- No annual cost for all occasions (principal and supplementary cardholders)
- Earn 1 rewards stage for every PHP 40 spent
- Entry to over 950 VIP airport lounges
- Free journey insurance coverage protection as a lot as PHP 20 million
- Free EastWest Platinum Digital Card for on-line procuring
💳 Expenses and bills:
- Price of curiosity: 2%
- Cash advance cost: PHP 200 per transaction
- Worldwide international cash transaction cost: 1.70%
- Late value cost: 8% of the minimal amount due
Metrobank M Free Mastercard
✅ Best for: Financially savvy millennials
✅ Minimal month-to-month income requirement: PHP 15,000
In case you’re the kind who makes use of a financial institution card to pay funds and utilities, Metrobank M Free Mastercard is among the many correct financial institution playing cards with no annual cost for you. With its Bills2Pay perform, chances are you’ll enroll your funds on-line and automate month-to-month funds. You possibly can even confirm your credit score rating steadiness by SMS with MTXT.
📌 Key choices and benefits:
- No annual cost for all occasions
- Comes with an embedded EMV-chip
- 0% installment on quite a lot of establishments
💳 Expenses and bills:
- Price of curiosity: 2%
- Cash advance cost: PHP 200 per transaction
- Late value cost: PHP 850 or unpaid minimal amount due, whichever is lower
PNB – The Journey Membership Platinum Mastercard
✅ Best for: Frequent vacationers and fixed The Journey Membership (TTC) shoppers
✅ Minimal month-to-month income requirement: PHP 10,000
📌 Key choices and benefits:
- No annual cost for all occasions
- Earn 1 rewards stage for every PHP 40 spent at TTC and PHP 55 elsewhere
- 20% birthday month low value on regular-priced TTC residence producers
- 5% low value the least bit TTC branches
- 1% rebate on TTC installment transactions
- Waived restore service cost previous the assure interval
- As a lot as PHP 3 million journey insurance coverage protection safety
- Free purchase security insurance coverage protection
- Twin international cash billing
💳 Expenses and bills:
- Price of curiosity: 2%
- Late value cost: PHP 300 or USD 10
- Cash advance cost: 5% of cash advance amount
- Worldwide international cash transaction cost: 2.50%
PSBank Credit score rating Mastercard
✅ Best for: Low income-earners who must deal with their payments properly
✅ Minimal month-to-month income requirement: PHP 15,000
📌 Key choices and benefits:
- No annual cost for all occasions for every principal and supplementary cardholders
- M TXT service for easy financial institution card steadiness monitoring
💳 Expenses and bills:
- Price of curiosity: 2%
- Late value cost: PHP 700 or 7.5% of the minimal amount due, whichever is elevated
- Cash advance cost: PHP 500 or 3% of cash advance amount, whichever is elevated, plus PHP 500 for over-the-counter transactions
- Worldwide international cash transaction cost: 2.50%
Credit score rating Taking part in playing cards with No Annual Worth Promo (Restricted Time Solely)
Citi Rewards Card
✅ Best for: Customers and reward seekers
✅ Minimal month-to-month income requirement: PHP 15,000 in case you might have one different financial institution card, PHP 20,833 if none
Looking for a card allows you to earn rewards elements every time you retailer and dine? Get a Citi Rewards financial institution card. Except for the free annual cost promo that runs until July 31, 2021, this card moreover earns you 1 reward stage on every PHP 30 spent and 3x elements on procuring and consuming transactions.
📌 Key choices and benefits:
- 3x elements on procuring and consuming transactions
- 50% low value on confederate lodges, resorts, and airways
- Non-expiring elements
💳 Expenses and bills:
- Price of curiosity: 2%
- Annual cost with out the promo: PHP 2,500
- Cash advance cost: PHP 200 or 2.04%, whichever is lower
PNB-PAL Mabuhay Miles NOW Mastercard
✅ Best for: Loyal PAL consumers
✅ Minimal month-to-month income requirement: PHP 10,000
📌 Key choices and benefits:
- Waived annual cost for 3 years
- Earn 1 rewards stage for every PHP 55 spent
- 1,000 Mabuhay Miles welcome reward for model new cardholders
- 5% low value on select PAL worldwide flights booked on-line
- As a lot as PHP 1 million journey insurance coverage protection safety
- As a lot as PHP 250,000 purchase security insurance coverage protection safety
💳 Expenses and bills:
- Annual cost (for the fourth 12 months onwards): PHP 6,000
- Price of curiosity: 2%
- Late value cost: PHP 300 or USD 10
- Cash advance cost: 5% of cash advance amount
- Worldwide international cash transaction cost: 2.50%
Robinsons Monetary establishment DOS Mastercard
✅ Best for: Low-income earners
✅ Minimal month-to-month income requirement: PHP 15,000 (single) / PHP 20,000 (married)
📌 Key choices and benefits:
- No annual cost for all occasions when the Robinsons Monetary establishment financial institution card is used 12 events or additional inside a 12 months, yearly
- Earn 1 rewards stage for every PHP 50 spent
- Automated conversion of all straight purchases to two-month 0% installment
💳 Expenses and bills:
- Annual cost (for cardholders who use their taking part in playing cards decrease than 12 events a 12 months): PHP 100 per 30 days (Fundamental) / PHP 3,000 (Platinum)
- Price of curiosity: 2%
- Late value cost: PHP 600
- Overlimit cost: PHP 500
UnionBank Cebu Pacific GetGo
✅ Best for: Frequent vacationers who’re premium UnionBank consumers
✅ Minimal month-to-month income requirement: PHP 50,000
📌 Key choices and benefits:
- Considered one of many financial institution playing cards with no annual cost for all occasions supplied to pick UnionBank shoppers solely
- Earn 1 GetGo stage for every PHP 30 spent
- Early seat sale alerts
💳 Expenses and bills:
- Annual cost (for regular UnionBank shoppers): PHP 3,000
- Price of curiosity: 2%
- Late value cost: PHP 750 per event
- Cash advance cost: PHP 300 or 6% of the cash advance amount, whichever is elevated, plus PHP 500 for over-the-counter transactions
- Worldwide international cash transaction cost: 3%
