14 Credit Cards With No Annual Fee in the Philippines

Moneymax
·11 min read
Credit Cards With No Annual Fee Philippines 2021 | Moneymax
Credit Cards With No Annual Fee Philippines 2021 | Moneymax

There are many advantages to owning a credit card: ease of purchase, having an emergency line of credit and enjoying exclusive rewards and perks, among many others. Many people, however, are discouraged to get a credit card because of the fees that come with it.

Credit card fees are disheartening—it’s true. But like all things, convenience comes with a price. If you need a plastic card, you can avoid additional charges by getting one of the 14 credit cards with no annual fee in the Philippines.

What is a Credit Card Annual Fee?

A credit card annual fee is a convenience fee that providers charge to their clients. Basically, it’s the amount you pay for using your bank’s credit card services.

Pro tip: avoid annual fees so you can save more money. There are two kinds of credit cards with no annual fee: cards with no annual fee for life and those with a limited annual fee waiver (e.g., free annual fee for a limited period, a minimum annual spend, etc.).

Credit Cards with No Annual Fee for Life

CREDIT CARDS WITH NO ANNUAL FEE

FEATURES & BENEFITS

AUB CLASSIC MASTERCARD

credit cards with no annual fee - aub classic mastercard
aub classic mastercard - apply now

AUB EASY MASTERCARD

credit cards with no annual fee - aub easy mastercard
AUB Easy Mastercard - Apply Now

CITI SIMPLICITY+

credit cards with no annual fee - citi simplicity+
Citi Simplicity Card - Apply Now!

CITI REWARDS CARD

credit cards with no annual fee - citi rewards card
HSBC Gold Cash Back - Apply Now

METROBANK M FREE MASTERCARD

credit cards with no annual fee - metrobank m free mastercard
Metrobank Credit Cards - Apply Now

UNIONBANK CEBU PACIFIC GET GO

credit cards with no annual fee - unionbank cebu pacific get go
Union Bank Credit Cards - Apply Now

Know more about credit cards with no annual fee in the Philippines.

AUB Classic Mastercard

credit cards with no annual fee - aub classic mastercard
credit cards with no annual fee - aub classic mastercard

✅ Ideal for: Individuals on a budget

✅ Minimum monthly income requirement: PHP 21,000

AUB Classic Mastercard is one of the top credit cards with no annual fee in the Philippines. Other than having a low monthly income requirement, the AUB Classic Mastercard also allows their cardholders to choose how much they pay and when they can pay their credit card balances.

📌 Key features and benefits:

  • No annual fee for life (principal and two supplementary cardholders)

  • Earn 1 rewards point for every PHP 20 spent

  • Easy link to PayPal

  • 0% interest on new purchases

  • Cash rebates on 1,000 to 5,000 AUB rewards points

💳 Fees and charges:

  • Interest rate: 2%

  • Card replacement fee: PHP 500

  • Late payment fee: PHP 700 or the unpaid minimum amount due, whichever is lower

  • Foreign transaction fee: 1% service fee added to the sum of peso conversion and Mastercard fees

AUB Easy Mastercard

credit cards with no annual fee - aub easy mastercard
credit cards with no annual fee - aub easy mastercard

Ideal for: Individuals who want more payment flexibility

Minimum monthly income requirement: PHP 21,000

Another AUB credit card with no annual fee for life, the AUB Easy Mastercard is similar to the AUB Classic Mastercard except that it has more minimum amount due options. It’s perfect for those who find it difficult to keep up with credit card payments.

📌 Key features and benefits:

  • No annual fee for life (principal and two supplementary cardholders)

  • Earn 1 rewards point for every PHP 20 spent

  • Easy link to PayPal

  • 0% interest on new purchases

  • Cash rebates on 1,000 to 5,000 AUB rewards points

  • Flexible credit card payment frequency and due date

💳 Fees and charges:

  • Interest rate: 2%

  • Card replacement fee: PHP 500

  • Late payment fee: PHP 700 or the unpaid minimum amount due, whichever is lower

  • Foreign transaction fee: 1% service fee added to the sum of peso conversion and Mastercard fees

Bank of Commerce Platinum Mastercard

credit cards with no annual fee - boc platinum
credit cards with no annual fee - boc platinum

Ideal for: High-income earners

Minimum monthly income requirement: PHP 100,000

📌 Key features and benefits:

  • No annual fee for life for principal and supplementary cardholders

  • Earn 1 rewards point for every PHP 25 spent

  • 5x rewards points at select dining and shopping merchants

  • Up to PHP 2 million travel insurance coverage

  • Dual currency billing

💳 Fees and charges:

  • Interest rate: 2%

  • Late payment fee: PHP 700 (Peso billing) or USD 12 (Dollar billing) or the unpaid minimum amount due, whichever is lower

  • Cash advance fee: PHP 200 per transaction (Peso billing) or USD 4 per transaction (Dollar billing) plus prevailing finance charge

  • Foreign currency transaction fee: 2.50%

BPI eCredit Card

credit cards with no annual fee - bpi ecredit
credit cards with no annual fee - bpi ecredit

Ideal for: Online shoppers

Minimum monthly income requirement: PHP 15,000

BPI eCredit card is the first virtual credit line designed for online shopping. This credit card with no annual fee is perfect for individuals who regularly make online purchases and wish to separate bills payments from shopping payments.

📌 Key features and benefits:

  • No annual fee for life (principal and supplementary cardholders)

  • Earn 1 rewards point for every PHP 35 spent

  • Convert purchases from partner merchants to 0% installment plan

  • eCredit feature[1] protects cardholders by assigning a lower credit limit and a different credit card number

💳 Fees and charges:

  • Interest rate: 2%

  • Finance charge: 2%

  • Cash advance fee: PHP 500 or 3% of the cash advance amount, whichever is higher

  • Late payment fee: PHP 500 or 6% of the past due amount, whichever is higher

Citi Simplicity+ Card

credit cards with no annual fee - citi simplicity+
credit cards with no annual fee - citi simplicity+

Ideal for: Regular credit card users

Minimum monthly income requirement: PHP 15,000 if you have another credit card, PHP 20,833 if none

Compared to other credit cards with no annual fee in the market, this Citi Simplicity+ card offers more flexible payment terms to their clients. Cardholders who pay at least the minimum due on or before their due date will get a 10% rebate on interest charges.

📌 Key features and benefits:

  • No annual fee for life (principal and supplementary cardholders)

  • No late fees and no over limit fees

  • Up to 50% discount on participating resorts and hotels[2]

  • Up to 50% discount on participating restaurants[3]

💳 Fees and charges:

  • Interest rate: 2%

  • Cash advance fee: PHP 200 or 2.04% of cash advance amount, whichever is higher

  • Card replacement fee: PHP 400

EastWest Platinum Mastercard

credit cards with no annual fee - eastwest platinum
credit cards with no annual fee - eastwest platinum

Ideal for: Executives and businesspeople

Minimum monthly income requirement: PHP 150,000

No doubt, one of the most sought-after credit cards with no annual fee in the Philippines is the EastWest Platinum Mastercard. Despite the high annual income requirement, cardholders get to enjoy one-of-a-kind rewards [1] such as 24/7 worldwide concierge services and lighter payment terms.

📌 Key features and benefits:

  • No annual fee for life (principal and supplementary cardholders)

  • Earn 1 rewards point for every PHP 40 spent

  • Access to over 950 VIP airport lounges

  • Free travel insurance up to PHP 20 million

  • Free EastWest Platinum Virtual Card for online shopping

💳 Fees and charges:

  • Interest rate: 2%

  • Cash advance fee: PHP 200 per transaction

  • Foreign currency transaction fee: 1.70%

  • Late payment fee: 8% of the minimum amount due

Metrobank M Free Mastercard

credit cards with no annual fee - metrobank m free
credit cards with no annual fee - metrobank m free

Ideal for: Financially savvy millennials

Minimum monthly income requirement: PHP 15,000

If you’re the kind who uses a credit card to pay bills and utilities, Metrobank M Free Mastercard is one of the right credit cards with no annual fee for you. With its Bills2Pay feature, you can enroll your bills online and automate monthly payments. You can also check your credit balance through SMS with MTXT.

📌 Key features and benefits:

  • No annual fee for life

  • Comes with an embedded EMV-chip

  • 0% installment on a wide range of establishments

💳 Fees and charges:

  • Interest rate: 2%

  • Cash advance fee: PHP 200 per transaction

  • Late payment fee: PHP 850 or unpaid minimum amount due, whichever is lower

PNB – The Travel Club Platinum Mastercard

credit cards with no annual fee - pnb travel club
credit cards with no annual fee - pnb travel club

Ideal for: Frequent travelers and loyal The Travel Club (TTC) customers

Minimum monthly income requirement: PHP 10,000

📌 Key features and benefits:

  • No annual fee for life

  • Earn 1 rewards point for every PHP 40 spent at TTC and PHP 55 elsewhere

  • 20% birthday month discount on regular-priced TTC house brands

  • 5% discount at all TTC branches

  • 1% rebate on TTC installment transactions

  • Waived repair service fee beyond the warranty period

  • Up to PHP 3 million travel insurance coverage

  • Free purchase protection insurance

  • Dual currency billing

💳 Fees and charges:

  • Interest rate: 2%

  • Late payment fee: PHP 300 or USD 10

  • Cash advance fee: 5% of cash advance amount

  • Foreign currency transaction fee: 2.50%

PSBank Credit Mastercard

credit cards with no annual fee - psbank credit mastercard
credit cards with no annual fee - psbank credit mastercard

Ideal for: Low income-earners who need to manage their expenses well

Minimum monthly income requirement: PHP 15,000

📌 Key features and benefits:

  • No annual fee for life for both principal and supplementary cardholders

  • M TXT service for easy credit card balance monitoring

💳 Fees and charges:

  • Interest rate: 2%

  • Late payment fee: PHP 700 or 7.5% of the minimum amount due, whichever is higher

  • Cash advance fee: PHP 500 or 3% of cash advance amount, whichever is higher, plus PHP 500 for over-the-counter transactions

  • Foreign currency transaction fee: 2.50%

Credit Cards with No Annual Fee Promo (Limited Time Only)

BDO UnionPay Gold

credit cards with no annual fee - bdo unionpay gold
credit cards with no annual fee - bdo unionpay gold

Ideal for: Frequent flyers

Minimum monthly income requirement: PHP 35,000

Do you fly regularly? Consider applying for BDO UnionPay Gold to enjoy exclusive discounts on shopping and travel. This dual currency credit card with no annual fee is widely accepted in China and key cities in Asia, making international purchases a breeze.

📌 Key features and benefits:

  • No annual fee for life for first supplementary cardholder; Waived annual fee for three (3) years for principal cardholder and succeeding four (4) supplementary cardholders

  • Earn 1 rewards point for every PHP 50 local transaction or USD 1 for international transactions

  • Separate billing statements; one in PHP and one in USD

  • Free travel insurance up to PHP 5 million

💳 Fees and charges:

  • Interest rate: 2%

  • Foreign currency transaction fee: 2.00%

  • Late payment fee: 5% of minimum amount due or PHP 300, whichever is higher (for PHP billing); 5% of minimum amount due or USD 6, whichever is higher (for USD billing)

Citi Rewards Card

credit cards with no annual fee - citi rewards card
credit cards with no annual fee - citi rewards card

Ideal for: Shoppers and reward seekers

Minimum monthly income requirement: PHP 15,000 if you have another credit card, PHP 20,833 if none

Looking for a card lets you earn rewards points every time you shop and dine? Get a Citi Rewards credit card. Apart from the no annual fee promo that runs until February 28, 2021, this card also earns you 1 reward point on every PHP 30 spent and 3x points on shopping and dining transactions.

📌 Key features and benefits:

  • 3x points on shopping and dining transactions

  • 50% discount on partner hotels, resorts, and airlines

  • Non-expiring points

  • 0% interest with Citi Paylite Installment Plan

💳 Fees and charges:

  • Interest rate: 3.50%

  • Annual fee without the promo: PHP 2,500

  • Cash advance fee: PHP 200 or 2.04%, whichever is lower

PNB-PAL Mabuhay Miles NOW Mastercard

credit cards with no annual fee - pnb pal mabuhay miles now
credit cards with no annual fee - pnb pal mabuhay miles now

Ideal for: Loyal PAL clients

Minimum monthly income requirement: PHP 10,000

📌 Key features and benefits:

  • Waived annual fee for three years

  • Earn 1 rewards point for every PHP 55 spent

  • 1,000 Mabuhay Miles welcome gift for new cardholders

  • 5% discount on select PAL international flights booked online

  • Up to PHP 1 million travel insurance coverage

  • Up to PHP 250,000 purchase protection insurance coverage

💳 Fees and charges:

  • Annual fee (for the fourth year onwards): PHP 6,000

  • Interest rate: 2%

  • Late payment fee: PHP 300 or USD 10

  • Cash advance fee: 5% of cash advance amount

  • Foreign currency transaction fee: 2.50%

Robinsons Bank DOS Mastercard

credit cards with no annual fee - robinsons bank dos
credit cards with no annual fee - robinsons bank dos

Ideal for: Low-income earners

Minimum monthly income requirement: PHP 15,000 (single) / PHP 20,000 (married)

📌 Key features and benefits:

  • No annual fee for life when the Robinsons Bank credit card is used 12 times or more within a year, every year

  • Earn 1 rewards point for every PHP 50 spent

  • Automatic conversion of all straight purchases to two-month 0% installment

💳 Fees and charges:

  • Annual fee (for cardholders who use their cards less than 12 times a year): PHP 100 per month (Classic) / PHP 3,000 (Platinum)

  • Interest rate: 2%

  • Late payment fee: PHP 600

  • Overlimit fee: PHP 500

UnionBank Cebu Pacific GetGo

credit cards with no annual fee - unionbank get go
credit cards with no annual fee - unionbank get go

Ideal for: Frequent travelers who are premium UnionBank clients

Minimum monthly income requirement: PHP 50,000

📌 Key features and benefits:

  • One of the credit cards with no annual fee for life offered to select UnionBank customers only

  • Earn 1 GetGo point for every PHP 30 spent

  • Early seat sale alerts

💳 Fees and charges:

  • Annual fee (for regular UnionBank customers): PHP 3,000

  • Interest rate: 2%

  • Late payment fee: PHP 750 per instance

  • Cash advance fee: PHP 300 or 6% of the cash advance amount, whichever is higher, plus PHP 500 for over-the-counter transactions

  • Foreign currency transaction fee: 3%

Read more articles to help you with your credit card application:

Final Thoughts

Owning one of the many credit cards with no annual fee frees you from additional credit card charges. Get a credit card that suits not only your lifestyle but also your budget. Remember that credit cards should not be a burden; they should provide convenience to your everyday life.

Compare and apply for a credit card today!
Compare and apply for a credit card today!

Sources:

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