Reviews

Credit Cards Philippines

Reviews of Philippine credit cards. Compare annual fees, interest rates, rewards programs and cashback offers from BSP-supervised card issuers. Who Philippine credit cards suit A credit card suits Filipinos who want a revolving line of credit for e

Found 6 reviews

Bank of the Philippine Islands offers a personal loan with one of the lowest fixed monthly rates among major Philippine commercial banks at 1.20%, covering amounts from PHP 20,000 to PHP 2,000,000. Th…

  • One of the lowest fixed monthly add-on rates among Philippine commercial banks
  • Largely digital application process for existing BPI clients
4.5
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BDO Unibank offers one of the most widely accessible personal loan products in the Philippines, with loan amounts from PHP 10,000 to PHP 2,000,000 and a fixed monthly add-on rate of 1.30%. Application…

  • Funded by the Philippines' largest bank by assets, with branches in most cities and municipalities
  • Fixed monthly add-on rate gives a predictable installment for the full loan term
4.4
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Metropolitan Bank and Trust Company provides personal loans of up to PHP 2,000,000 with monthly add-on rates starting at 1.50%, targeting salaried employees and self-employed professionals with establ…

  • Loan amounts up to PHP 2,000,000 for qualified applicants
  • Wide nationwide branch and ATM network supports in-person service
4.2
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Security Bank Corporation offers personal loans from PHP 30,000 to PHP 2,000,000 with a monthly add-on rate range of 1.39% to 1.89% depending on loan tenor and borrower profile. Applications are accep…

  • Paperless application available for employees of Security Bank-accredited employers
  • Loan amounts scale up to PHP 2,000,000
4.2
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Maybank Philippines, a subsidiary of Malaysia's Maybank Group, offers personal loans from PHP 50,000 to PHP 1,000,000 with monthly add-on rates ranging from 1.30% to 1.80%, targeting employed professi…

  • Backed by Maybank Group, one of Southeast Asia's largest banking groups
  • Loan amounts up to PHP 1,000,000 for established borrowers
4.0
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Rizal Commercial Banking Corporation offers personal loans from PHP 50,000 to PHP 1,000,000 with monthly add-on rates from 1.30%, available to salaried employees and self-employed individuals who meet…

  • Minimum add-on rate starting at 1.30%, competitive among commercial banks
  • Over 500 branches and ATMs for in-person servicing
4.0
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Guide: Credit Cards Philippines

Reviews of Philippine credit cards. Compare annual fees, interest rates, rewards programs and cashback offers from BSP-supervised card issuers.

Who Philippine credit cards suit

A credit card suits Filipinos who want a revolving line of credit for everyday spending, online purchases or building a credit history, rather than a lump-sum loan for a specific large expense. Reviews on this page compare annual fees, interest rates on unpaid balances, rewards structures and cashback or installment offers across BSP-supervised card issuers.

Eligibility basics

Most Philippine credit card issuers require applicants to be at least 21 years old, with a minimum gross annual income typically starting around PHP 180,000 to PHP 250,000 depending on the specific card and issuer, though premium cards set significantly higher income thresholds. Applicants generally need a valid government-issued ID, proof of income such as a Certificate of Employment and payslips or an ITR for self-employed applicants, and proof of billing for address verification. All credit card issuers in the Philippines are supervised by the BSP, which under its Credit Card Industry Regulation Law caps certain fees and requires clear disclosure of the effective interest rate and finance charges.

A cost example

If a cardholder carries an unpaid balance of PHP 20,000 at a monthly finance charge of around 2% to 3% (a typical range for Philippine credit cards, subject to the BSP's regulatory ceiling in effect at any given time), the monthly interest charge would be roughly PHP 400 to PHP 600 if the full balance is not paid off, illustrating why paying only the minimum amount due each month can meaningfully increase the total cost of a purchase over time.

How to apply

First, decide what you primarily want from a card — cashback, travel rewards, a low annual fee, or installment access for big-ticket purchases — since issuers differentiate heavily on these features. Next, confirm you meet the minimum income requirement for the specific card and gather your ID, income documents and proof of billing. Then submit the application online or at a branch and wait for the issuer's credit decision, which typically takes about one to two weeks. Finally, once approved and the card is activated, set a personal rule to pay the statement balance in full each cycle where possible, since this avoids finance charges entirely and is the single biggest factor in keeping a credit card a low-cost convenience rather than an expensive debt.

FAQ about Credit Cards Philippines

Minimum gross annual income requirements typically start around PHP 180,000 to PHP 250,000 for entry-level cards, with premium or higher-limit cards requiring significantly higher documented income.
Finance charges typically apply only to any unpaid balance carried past the due date, calculated as a monthly percentage rate set by the issuer within limits established by the BSP; paying the full statement balance each cycle avoids these charges entirely.
Yes. The BSP regulates the credit card industry under the Credit Card Industry Regulation Law, which requires clear disclosure of interest rates and fees and sets limits on certain charges, though specific caps can be updated by the BSP from time to time.

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