Best Credit Cards in the Philippines for Beginners and Low Income-Earners

It’s the start of a new year again. If getting your finances in order is among your resolutions for 2020, then one of the things you need to do is to find the best credit card for your needs. With the right choice and responsible use, a credit card can be a helpful tool in financial management.

Metrobank M Free Mastercard

• Annual fee: No annual fee for life

• Interest rate: 3.50%

• Minimum monthly income requirement: PHP 15,000

For first-timers, a credit card from one of the major banks in the Philippines is within reach. Case in point: the Metrobank M Free Mastercard with waived annual fee for life and low income requirement.

PNB Classic Visa

• Annual fee: PHP 300

• Interest rate: 3.25%

• Minimum monthly income requirement: PHP 10,000

• Other eligibility requirements:

  • Filipino citizen

  • 21 to 65 years old

One of the best credit cards for beginners and low-income earners, the PNB Classic Visa has a low annual fee and low income requirement. For a basic card, it offers generous perks like up to PHP 1 million travel insurance and up to PHP 250,000 purchase protection insurance.

Security Bank Complete Cashback

Benefits of Security Bank Complete Cashback Card:

• Year-round cashback

• 5-tiered rebates

• Worldwide acceptance

• Exclusive promos

• SeaOil Rebate

• Free annual fee waived on the first year

EASTWEST VISA CLASSIC

• FREE Comprehensive Travel Accident & Inconvenience Insurance up to PHP20M

• Cash advance up to 50% of your credit limit

• 0% installment plan for 3-24 months

RCBC BANKARD CLASSIC MASTERCARD

Reasons to get this credit card

• FREE accident, inconvenience & medical insurance of more than PHP500,000.00 for local travel and PHP1M for international travel

• Pay in peso when you charge in various currencies abroad

• Cash advance of up to 30% of your credit limit