Best Credit Cards in the Philippines for High Cashback and Low Annual Fees

Choosing the right rewards credit card can significantly boost your savings through cashback, but navigating the myriad of options can be daunting. Here's a curated list of the top 11 rewards cards in the Philippines, ranked by their low annual fees, high cashback rates, and minimal spending required to offset those fees.

1. EastWest Priority Visa Infinite

EastWest Priority Visa Infinite

  • Cashback Rate: 0.500%
  • Annual Fee: Php 0
  • Details: Earn Php 10: 1 point, with 10,000 points converting to Php 500 cashback. This card is exclusive to EastWest Priority Clients who maintain a total relationship balance of P2.5 million with EastWest.

2. RCBC Hexagon Club MasterCard

RCBC Hexagon Club MasterCard

  • Cashback Rate: 0.421%
  • Annual Fee: Php 0
  • Details: Earn Php 36: 1 point, with 3,300 points converting to Php 500 cashback. Available to RCBC Hexagon Club members maintaining a deposit of Php 100,000.

3. UnionBank PlayEveryday

UnionBank PlayEveryday

  • Cashback Rate: 0.500%
  • Annual Fee: Php 1,500
  • Details: Earn Php 10: 1 point, with 20 points converting to Php 1 cashback. Requires Php 25,000 in monthly spending to recoup the annual fee. Minimum monthly income requirement is Php 30,000.

4. BDO Diners Club International

BDO Diners Club International
  • Cashback Rate: 1.000%
  • Annual Fee: Php 3,000
  • Details: Earn Php 50: 1 mile, with 500 miles converting to Php 250 cashback. Requires Php 25,000 in monthly spending to earn enough miles to cover the annual fee. Minimum monthly income requirement is Php 33,000. Note that Diners Club International is accepted primarily at BDO POS terminals in the Philippines.

5. BDO Diners Club Premiere

BDO Diners Club Premiere
  • Cashback Rate: 1.667% (1.667% for local spend, 2.000% for dual currency)
  • Annual Fee: Php 4,500
  • Details: Earn Php 30: 1 mile (or USD 1: 2 miles), with 500 miles converting to Php 250 cashback. Requires Php 22,500 in monthly spending to earn enough miles to cover the annual fee. Minimum monthly income requirement is Php 77,000. Similar acceptance limitations as the Diners Club International.

6. Bank of Commerce Classic

Bank of Commerce Classic
  • Cashback Rate: 1.600% (for department store, dining, and travel expenses), 0.320% for other spend
  • Annual Fee: Php 1,500
  • Details: Earn Php 25: 5 points on selected categories, or Php 25: 1 point on other spend. Requires a minimum monthly income of Php 10,000.

7. HSBC Red Mastercard

HSBC Red Mastercard

  • Cashback Rate: 1.000% (for shopping, dining, online, and overseas spend), 0.250% for other spend
  • Annual Fee: Php 2,500
  • Details: Earn Php 20: 4 points on selected categories, or Php 20: 1 point on other spend. Requires a minimum monthly income of Php 16,667.

8. UnionBank Lazada Mastercard

UnionBank Lazada Mastercard
  • Cashback Rate: 3% (for Lazada spend), 0.5% for other spend
  • Annual Fee: Php 3,000
  • Details: Earn Php 200: 6 Lazada credits for Lazada spend, or Php 200: 1 Lazada credit for other spend. Requires a minimum monthly income of Php 30,000.

Special Mention: Cashback Cards with No Caps, Any Categories

These cashback cards are notable for their unrestricted earning potential across all categories.

A. BDO American Express Cashback

BDO American Express Cashback

  • Cashback Rate: 1% on local spend, 2% on overseas spend (including GrabPay/GrabWallet)
  • Annual Fee: Php 3,000
  • Details: Requires Php 25,000 in local monthly spending or Php 12,500 in overseas spending to break even. Minimum annual income requirement is Php 396,000.

B. UnionBank Gold/Platinum Mastercard

UnionBank Platinum Mastercard

  • Cashback Rate: 1% on all categories
  • Annual Fee: Php 2,500 (Gold), Php 3,000 (Platinum)
  • Details: Requires Php 20,833.33 (Gold) or Php 25,000 (Platinum) in monthly spending to break even. Minimum annual income requirement is Php 240,000 (Gold), Php 600,000 (Platinum).

Honorable Mentions

These cards offer higher-than-average cashback rates and low to no annual fees, though not as high as our top 11:

  • EastWest Platinum Mastercard: 0.375% cashback rate, no annual fee.
  • PNB The Travel Club Mastercard: 0.357% cashback rate, no annual fee.
  • PNB Essentials: 0.357% cashback rate, Php 1,200 annual fee.
  • UnionBank Visa Classic: 0.357% cashback rate, Php 1,500 annual fee.

Travel Cards with High Cashback Rates

While these travel cards offer competitive cashback rates, they require higher spending to offset their annual fees:

  • Security Bank World Mastercard: 0.900% cashback rate, Php 5,000 annual fee.
  • Security Bank Platinum: 0.600% cashback rate, Php 4,000 annual fee.
  • UnionBank Miles+ Platinum Visa: 0.500% cashback rate, Php 3,000 annual fee.

Choosing the right rewards card depends on your spending habits and income. This list provides a comprehensive overview to help you make an informed decision and maximize your savings.

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