What Is A Credit Card?

A credit card is a payment card issued by a financial entity (i.e. the card issuer), which allows a card holder to purchase goods and services on credit.

How Do Credit Cards Work In The Philippines

Credit cards work similarly to personal loans. When you make a payment using a credit card, you are essentially “borrowing” money from the card issuer. By the end of each month, you are expected to repay the amount you’ve “borrowed”. If you don’t pay it in full, you’ll be charged interest on the unpaid amount.

What’s The Difference Between A Credit Card And A Debit Card?

A simple and straightforward description would be “pay now” or “pay later”, the former pertaining to debit whereas the latter for credit cards. A debit card is linked to your bank account so that every transaction is automatically deducted from your account. As for credit cards, the issuer or the bank, provides a credit limit which is the maximum amount that you can “borrow” for your purchases.

Different Categories Of Credit Cards Available In The Philippines

There are a variety of credit card categories, each with their own corresponding benefits and privileges. In the Philippines, here are the major classification of credit cards you can consider:

  • Shopping Credit Cards: If you love to shop, then these are the right cards for you. Centered on shopping purchases, you get reward points and exclusive discounts when purchasing from distinct merchants using the specified card.
  • Travel Miles Credit Cards: Get to receive mile points on select transactions and redeem them for free flights. You also enjoy travel-related privileges such as exclusive access to VIP lounges, free travel insurance and seats upgrades with participating airlines.
  • Gas Credit Cards: For those who drive and travel a lot, these cards offer gas discounts and other related benefits such as discount on car services, free roadside assistance, and up to 5% rebate on fuel purchases.
  • Cashback Credit Cards: If you want to get your money back as you spend, then cashback credit cards are for you. Using these cards let’s you receive cash rebates of up to 6% on what you spend on the most.
  • Groceries Credit Cards: Using these cards to purchase your groceries can give you better reward points and higher cashback of up to 6%.
  • Dining Credit Cards: Is eating out your thing? Unleash the foodie in you while you enjoy exclusive discounts and privileges from your favorite restaurants.
  • Entertainment Credit Cards: Enjoy your night out with friends or family as you get exclusive mall privileges, free movie tickets, special discounts and more.
  • Rewards Credit Cards: Most cards offer reward points for every purchase made using your credit card. You can redeem your reward points for gift items, vouchers and other freebies as indicated in the bank’s reward catalogue.
  • Low Interest Credit Cards: These cards offer lower interest rates compared to conventional credit cards.
  • Premium Credit Cards: Premium credit cards have promotions and privileges that cater to offer higher-end products and services such as overseas spending perks, access to select clubs and golf courses, as well as exclusive dining and shopping privileges.

How To Choose The Best Credit Card For You

We aim to help you find the best card for your lifestyle. With the SmartSearch feature, we can easily provide a list of featured cards that fit your specific need. You just need to go through a simple process via our online tool and our system will automatically show a list of recommended credit cards specifically for you.

Alternatively, you can also use the features on top of this page where you can select which category suits you or use the filter to narrow down your search via salary range, features, or specific bank.

How To Apply For Credit Card Online

You will find that both our SmartSearch tool and Credit Card Comparison page lets you compare credit cards conveniently by showcasing their main features and benefits. You can then select your preferred card and apply online directly in just a few clicks!

Credit Card Interest Rates In The Philippines

In the Philippines, banks usually charge interest of around 3.5% per month on the unpaid outstanding portion of your credit card bill. This may vary depending on the particular card of the issuing bank. Some card issuers may also have higher or lower interest rates depending on their operating policies. In general, the higher your unpaid outstanding balance, the greater interest charge you’ll have to pay.

Minimum Monthly Repayments Of Credit Cards In The Philippines

In the Philippines, credit card holders are generally required to make a minimum payment of 5% of the credit card bills on the due date every month. Failure to do so may result in penalties, which differ from bank to bank.

Will I Go to Jail If I Don’t Pay My Credit Card Debt In The Philippines?

Not paying credit card debt is not a criminal case under the Philippine Law. However, the creditor may file a civil case against you to collect the money. Also, be aware that banks share information with each other; you may find it difficult to apply for loans or other financial products with other banks once one of them tags you as a delinquent payer.

Process And Documentation Needed To Apply For A Credit Card

After selecting your preferred credit card and applying directly online, you need to prepare the specific documents needed in processing your application. The documents needed for a credit card application differ from card issuer to card issuer, but commonly include:

Driver’s License, Passport, Company ID, etc.
Proof Of Income:
Income Tax Return, Pay Slips, Certificate Of Employment.

List Of Banks Providing Credit Cards In The Philippines


AUB Easy Mastercard is the only card that lets you enjoy payment flexibility like no other. Get to choose how many times to pay per month, when to pay, and how much. With low minimum monthly income requirement and free for life annual membership fee, you cannot go wrong with AUB.

Bank of Commerce

Bank of Commerce Philippines have been serving the Filipino people since 1963 and is one of the more progressive financial institutions in the country. In 2008, they have successfully partnered with San Miguel Group, further strengthening their operations in providing a variety of products and services across 125 branches nationwide.


Being one of the premier banks in the Philippines, BPI offers a wide range of credit cards that showcase shopping, travel, and gas privileges. Get free travel insurance package of up to ₱20 million, use your points for free plane tickets, plus enjoy entertainment, gas, and dining discounts up to 5%.


Chinabank has a card for every lifestyle. From basic to a more premium way of life, there are perks, discounts, and promotions lined up for your shopping and leisure needs nationwide.


As a world renowned bank, Citibank has a credit card that fits every lifestyle. Whether it’s for reward points, cashback, travel, or gas benefits, you won’t run out of exclusive perks and privileges. Get up to 6% rebate on groceries spending and 3x non-expiring rewards points.

EastWest Bank

With a variety of credit cards to choose from, EastWest Bank has one that caters to your way of life. You can enjoy up to 65% savings on premium perks and privileges, as well as 5% cash rebate on your regular everyday purchases.


Apply now for an HSBC credit card and start to enjoy up to 4x accelerated reward points. You can also get 3% rebate plus rewards on Caltex gas stations and 0% installment plan with select merchants nationwide.


Maybank credit cards offers first class convenience that’s beneficial for everyone with their ‘EzyPlans’. Get flexible installment plans from 3 to 24 months with EzyPay, consolidate your other card balances for a lower interest using EzyTransfer, and optimize payment of your outstanding balances with EzyConvert.


As one of the largest banks in the Philippines, Metrobank features credit cards that have a wide range of exclusive privileges and promotions. Featuring a non-platinum card with the lowest monthly interest rate of 2.49% with free annual fee for life, the M Free/Lite MasterCard is one of the best cards in the market to date.


When it comes to dining, travelling, or shopping payment convenience, PNB offers the ultimate rewards program as you earn rebates while you spend, as well as Mabuhay Miles points with a very low conversion of only ₱33. Whether you’re enjoying various perks and discounts or paying for basic necessities, PNB credit cards provide reliability you can count on.


Enjoy the convenience as you apply online for an RCBC credit card. Choose from a wide array of benefits and exclusive privileges that caters to your specific lifestyle. If you like dining out, or reading a book, RCBC has the card that is perfect for you. From groceries and shopping, to travel and dining, they have your needs covered.

Security Bank

If you need quick cash, Security Bank offers cash advance of up to 50% of your credit limit. You can also enjoy up to 5% rebate on your everyday, essential expenses, while taking advantage of exclusive benefits such as worldwide airport lounge access, ₱10M worth of free travel insurance, and international coverage with non-expiring reward points that can be exchanged for air miles, hotel loyalty points, shoppings GCs and more!

Standard Chartered Bank

As one of the world’s top multinational banking and financial services provider with outlets in more than 70 countries worldwide, get instant recognition on your commercial transactions whether local or abroad. You can also avail of a multi-purpose cash loan of up to 90% of your credit limit with Smart Cash program plus, you can use your points to redeem air miles, gift certificates, pay off annual fees, or even get cash rebates with their 360° Rewards programme.


UCPB offers 2 credit cards, choose from either Classic or Gold MasterCard. Enjoy an extensive rewards program where you earn 1 point for every ₱30 spent, plus a low monthly interest rate of 3.25%.

Union Bank

With a huge list of cards that offers travel, leisure, shopping, groceries, dining privileges and more, you will never have a problem finding the right one for you. Get free birthday treats, exclusive perks and special discounts that’s perfect for your lifestyle. Aside from the wide variety of cards you can choose from, UnionBank offers a unique feature of getting an unlimited number of supplementary cards whether for your immediate family, relatives, or friends.

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