What are the Best Philippine Credit Cards With Zero Annual Fee 2022?

Who doesn’t want free stuff? Well, everyone loves anything that doesn’t come at a cost. And when it comes to credit cards, the same thing holds true.

So in this article, we will talk about credit cards that are issued by banks with a very attractive catch: there is no annual or monthly membership fee.

Credit card annual membership fee

A credit card is one of the cards given by banks (aside from prepaid cardsgift cards, etc.), and one of the different bank accounts aside from time depositsavings accountsavings account for kidschecking accounts, etc. However, having one is a privilege because not everyone who applies for one can get it. Thus it can be considered a privilege.

Credit card annual dues

That privilege comes with a cost in the form of the membership fee. Specifically, it is an annual or monthly recurring payment. Cardholders pay the bank in order to either start or continue using a credit card.

But it is also important to bear in mind that just because they come without this one particular string attached that they may be the right one for you.

Out of 183 cards (that were surveyed) out there, only 19 or about 10% of them offers zero annual fee so your choices can be limited.

More than that, the best fit for you may be a plastic card that may come with a fee but suits your need for credit and perks such as rewards, rebate, cash back, travel miles, etc.

How much is the membership fee?

credit card without annual fee
Image Source: Instagram

The membership fee ranges anywhere between ₱300 to ₱12,000.

Nonetheless, below are 19 credit cards in the market that waived this financial duty. The list is updated as February 15, 2021.

For a break-down and tips on how to avoid them, you can read credit card fees.

Banks may change their policies without prior notice. Please consider reaching out to the bank for the latest and most updated inforrmation.

Credit CardFeatures:
AUB Classic Mastercard– No interest on new purchases
– Earn 1 reward point for every P50 spent and redeem points for cash rebates, vouchers, and more.
– Option to choose how many times you can pay in a month and how much
– Suitable for online shopping
– 2% monthly rate interest
AUB Gold Mastercard– Every ₱50 earns 1 rewards point
Points can be converted to rewards, airline miles (Philippine Airlines, Cebu Pacific, Air Asia), gift certificates, rebates, travel vouchers, etc. with no expiry
– Special deals on dining, shopping, travel, and more.
– No interest on new purchases
– Complimentary airport lounge access
– Choose when to pay
AUB Platinum Mastercard– Every ₱50 earns 1 rewards point
– Points can be converted to rewards, airline miles (Philippine Airlines, Cebu Pacific, Air Asia), gift certificates, rebates, travel vouchers, etc.
– Special deals on dining, shopping, travel, and more.
– No interest on new purchases
– Complimentary airport lounge access
– Choose when to pay
Chinabank Freedom Mastercard– Every ₱20 earns 1 rewards point
– Points can be exchanged with either cash credit or Mabuhay Miles.
– Flexible payment options
– With 0% merchant installment for up to 36 months
– Worldwide acceptance
Citibank Simplicity+ Mastercard– No late payment fees
– No overlimit fees
– 10% interest back once paid on or before the due date
– Fast cash application through Citi Mobile App
– Discounts when online shopping and dining to partner merchants
EastWest Priority Visa Infinite– Every P10 earns 1 Infinite rewards point
– Rewards points can be converted to airline miles (Air Asia, KrisFlyer and Mabuhay Miles), electronic gifts and vouchers, etc.
– Travel insurance for up to P20 million
– Access to VIP airport lounge
– Exclusive Visa Infinite privileges.
Global privileges in shopping, dining, golf, airport
– Low foreign currency conversion rate
– Priority pass access to the finest airport lounges
EastWest Platinum Mastercard– Access to exclusive Platinum and Mastercard privileges
– Travel insurance
– Priority pass membership
– Rewards program
– Earn 1 reward point for every ₱40 spent
Comes with a free EastWest Platinum Virtual card ideal for shopping online
HSBC Premier Mastercard– Every ₱20 spent abroad earns 3x bonus points.
– Every ₱20 spent for shopping and dining locally earns 3 points.
– Every ₱25 to earn 1 air mile point
Points may be exchanged for Krisflyer or Mabuhay miles.
– Free travel accident and inconvenience insurance
– Exclusive premier privileges
– 6% rebate on first fuel purchase from Caltex and 3% rebate for the rest of the year
Maybank Visa Infinite– Every ₱25 earns 1 point.
– 1% cashback on items spent abroad
– Complimentary airport lounge access
– Low foreign conversion fee
– Points can be redeemed in exchange of cash credits and air miles (Air, AirAsia, PAL, KrisFlyer, and Enrich Miles).
– Travel and accident insurance.
– Access to worldwide golf locations.
– Exclusive Visa Infinite privileges for hotels and concierge.
Metrobank M Free Mastercard– Access to discounts, freebies, and deals with affiliated merchants
– Auto-charge utility bills
– Transfer your balance from other cards
– Enjoy Cash2Go where you can borrow and pay in installments
– Use your card to get cash via ATM through Cash Rush
PNB Ze-Lo Mastercard– Zero late payment fees, zero overlimit fees
– Zero % on purchases with participating businesses
– Low finance charge of 1.88%
– Bills payment in peso even with payments made in other countries
– Consolidate debts through balance transfer
– Get cash by converting to the credit limit and pay via installments
– Convert your transactions to installment repayments
PNB AAAIM Platinum Mastercard– Rewards program where points can be redeemed for cash credit or Mabuhay Miles.
– Free travel insurance.
– Purchase protection insurance against accidental damage and theft for up to 90 days from the date of purchase
– Dual currency billing
– Avail of balance transfer, convert to cash, and cash advance for up to 30% of credit limit
– 3% rebate on Caltex fuel
PNB AAXS Platinum Mastercard– Travel insurance
– Dual currency billing
– Purchase protection insurance
– Fraud transaction insurance where you can file claims for unauthorized charges on a card that is lost or stolen, or for fraudulent charges.
– Rewards points convertible to Mabuhay Miles and cash credit.
– Access to cash advance up to 30% of credit limit.
– Access to the following facilities: balance transfer, cash loan to be paid on installment, convert purchases and payments into installment, and zero % installment on transactions made with partner merchants.
– 3% rebate on Caltex fuel
PNB ICAAA Platinum Mastercard– Travel insurance
– Dual currency billing
– Purchase protection insurance
– Fraud transaction insurance where you can file claims for unauthorized charges on a card that is lost or stolen, or for fraudulent charges.
– Rewards points convertible to Mabuhay Miles and cash credit.
– Access to cash advance up to 30% of credit limit.
– Access to the following facilities: balance transfer, cash loan to be paid on installment, convert purchases and payments into installment, and zero % installment on transactions made with partner merchants.
– 3% rebate on Caltex fuel
PNB The Travel Club Platinum Mastercard– Rewards program where points can be redeemed for cash credit or Mabuhay Miles.
– Free travel insurance.
– Purchase protection insurance against accidental damage and theft for up to 90 days from the date of purchase
– Dual currency billing
– Avail of balance transfer, convert to cash, and cash advance for up to 30% of credit limit
– 3% rebate on Caltex fuel
– 0% Affordable Payment Plan
PSBank Credit Mastercard– Zero % interest on purchases at partner establishments to be paid on installment up to 24 months
– Apply for a supplementary card.
– Consolidate credit card debts and pay installment up to 24 months
– Get cash via ATM through Cash Rush.
RCBC Bankard Hexagon Club Platinum Mastercard– Convert your balance to installment
Balance transfer
– Convert purchases to installment
– Travel insurance
– Purchase protection
– 0% installment on international purchases
– Bonus travel limit
– Rewards program where points can be converted to air miles and cash rebate
– Cash loan
– Access to airport lounge

Asia United Bank Classic Mastercard

aub
AUB Classic Mastercard

Asia United Bank offers all their cards whose annual fees are free for life.

What are the requirements?

  • Be 21 – 65 years old
  • Be employed in a company, managing a profitable a business, or a practicing professional for at least one (1) year
  • Has contact details through mobile phone, office landline, and an email address
  • Submit a valid id card (government- or company-issued)
  • Submit income documents such as (for employed) latest income tax returns, proof of employment with stated compensation, one month pay slip; and (for self-employed) income tax return, financial statement, and business registration.

AUB Easy Mastercard, as well as the AUB Easy Mastercard, gives incredible flexibility. It allows you to choose how frequently, when, and how much you’d pay.

Features:

  • Annual monthly requirement: ₱21,000
  • Every ₱20 earns 1 rewards point
  • Points can be converted to rewards, airline miles (Cebu Pacific, Air Asia), gift certificates, rebates, travel vouchers, etc.
  • Grab deals on dining, shopping, travel, and more.

Fees and Charges:

  • Interest rate: 2%
  • Card replacement fee: ₱500
  • Late payment fee: ₱750 or the unpaid minimum amount due, whichever is lower
  • Foreign transaction fee: 1.5% service fee added to the sum of peso conversion and Mastercard fees

Asia United Bank Gold Mastercard

aub united gold

AUB Gold Mastercard allows you to convert your rewards to travel miles with Philippine Airlines. You can redeem the minimum points to get Mabuhay Miles. On top of that, you can enjoy airport lounge access.

What are the requirements?

  • Annual gross income requirement: ₱601,000
  • Must be 21 to 65 years old
  • For employed individuals, you must be on a regular status for at least one year.
  • For licensed professionals, you must be practicing for at least one year.
  • For self employed individuals, your business should be operating for at least one year.
  • Must have a valid mobile phone and email address

Features:

  • Every ₱20 earns 1 rewards point
  • Points can be converted to rewards, airline miles (Philippine Airlines, Cebu Pacific, Air Asia), gift certificates, rebates, travel vouchers, etc.
  • Special deals on dining, shopping, travel, and more.
  • No interest on new purchases
  • Complimentary airport lounge access
  • Choose when to pay

Fees and charges:

  • Interest rate: 2%
  • Card replacement fee: ₱500
  • Late payment fee: ₱750 or the unpaid minimum amount due, whichever is lower
  • Foreign transaction fee: 1.5% service fee added to the sum of peso conversion and Mastercard fees

Asia United Bank Platinum Mastercard

aub platinum mastercard

AUB Platinum Mastercard gives you the ability to get Mabuhay Miles. Just redeem the required number of reward points and you can accumulate travel miles with Philippine Airlines. In addition, you are given access to airport lounge.

What are the requirements?

  • Annual income requirement: ₱601,000
  • Must be 21 to 65 years old
  • For employed individuals, you must be on a regular status for at least one year.
  • For licensed professionals, you must be practicing for at least one year.
  • For self employed individuals, your business should be operating for at least one year.
  • Must have a valid mobile phone and email address

Features:

  • Every ₱50 earns 1 rewards point
  • Points can be converted to rewards, airline miles (Philippine Airlines, Cebu Pacific, Air Asia), gift certificates, rebates, travel vouchers, etc.
  • Special deals on dining, shopping, travel, and more.
  • No interest on new purchases
  • Complimentary airport lounge access
  • Choose when to pay

Fees and Charges:

  • Interest rate: 2%
  • Card replacement fee: ₱500
  • Late payment fee: ₱750 or the unpaid minimum amount due, whichever is lower
  • Foreign transaction fee: 1.5% service fee added to the sum of peso conversion and Mastercard fees

Chinabank Freedom Mastercard

chinabank freedom mastercard

China Bank offers the Freedom Mastercard that comes with zero-membership fee. China Bank Freedom Mastercard lets you enjoy the privilege of paying purchases from participating merchants at 0%, request for balance transfer, and convert your transaction into installments for easier repayment.

Aside from giving you access to exclusive deals, you can have an option to apply for a Virtual Card which can be used solely for purchases made on the internet.

Requirements:

  • 21 to 55 years old
  • One-year holder of an active credit card
  • Employed and able to furnish income tax return, last three months pay-slips, and original certificate of employment
  • Or if self-employed, submit income tax and financial statement
  • Requires yearly income of ₱250,000

Features:

  • Every ₱20 earns 1 rewards point
  • Points can be exchanged with either cash credit or Mabuhay Miles.
  • Flexible payment options
  • With 0% merchant installment for up to 36 months
  • Worldwide acceptance

Fees and Charges:

  • Interest rate: 2%
  • Card replacement fee: ₱500
  • Late payment fee: ₱750 or the unpaid minimum amount due, whichever is lower
  • Foreign transaction fee: 2.5% service fee added to the sum of peso conversion and Mastercard fees

Citibank Simplicity+ Mastercard

citibank simplicity

Citibank’s Simplicity+ powered by Mastercard boasts of not only free membership fee for life, but also no late fees, no over-limit fees, and 10% on interest back when minimum due is paid on or before the due date.

What are the requirements?

  • You must be at least 21 years old,
  • Earning at least ₱180,000 annually
  • Valid GSIS, TIN, SSS or UMID number.
  • Active landline or mobile phone number

Features:

  • No late payment fees
  • No overlimit fees
  • 10% interest back once paid on or before the due date
  • Fast cash application through Citi Mobile App
  • Discounts when online shopping and dining to partner merchants

EastWest Bank Priority Visa Infinite

EastWest Bank Priority Visa Infinite

With the yearly fee waived, the EastWest Bank Priority Visa Infinite is loaded with a lot of privileges like travel, low foreign currency conversion fee, lifestyle privileges, and more!

What are the requirements?

  • Open to Filipinos or local resident foreigner
  • Must be at least 21 years old
  • Income of ₱208,333 monthly
  • Resides in any of the list of locations set by the bank
  • At least one valid ID with picture and signature
  • For employed: income tax, certificate of employment with stated compensation, letter of appointment/personal action memo, salary adjustment memo issued within the latest month, last three pay slips, credit card reference and SOA, and for government employee: latest service record
  • For self-employed: income tax, financial statement, credit card reference and SOA
  • For foreigners: Alien Certificate of Registration with Permanent Status, Visa, Special Investor’s Resident Visa, PEZA Visa, Embassy Certification (for diplomats and embassy personnel)

Features:

  • Every P10 earns 1 Infinite rewards point
  • Rewards points can be converted to airline miles (Air Asia, KrisFlyer and Mabuhay Miles), electronic gifts and vouchers, etc.
  • Travel insurance for up to P20 million
  • Access to VIP airport lounge
  • Exclusive Visa Infinite privileges.
  • Global privileges in shopping, dining, golf, airport
  • Low foreign currency conversion rate
  • Priority pass access to the finest airport lounges

Fees and Charges:

  • Interest rate: 2%
  • Card replacement fee: ₱500
  • Late payment fee: ₱1500 or the unpaid minimum amount due, whichever is lower
  • Foreign transaction fee: 1.70% service fee added to the sum of peso conversion and Mastercard fees
  • Overlimit Fee: ₱500

EastWest Bank Platinum Mastercard

EastWest Bank Platinum Mastercard

Another EastWest Bank offering that waives the annual fee is the Platinum Mastercard. See below required income and the perks

What are the requirements?

  • Annual income of ₱480,000
  • Resides in any of the list of locations set by the bank
  • At least one valid ID with picture and signature
  • For employed: income tax, certificate of employment with stated compensation, letter of appointment/personal action memo, salary adjustment memo issued within the latest month, last three pay slips, credit card reference and SOA, and for government employee: latest service record
  • For self-employed: income tax, financial statement, credit card reference and SOA
  • For foreigners: Alien Certificate of Registration with Permanent Status, Visa, Special Investor’s Resident Visa, PEZA Visa, Embassy Certification (for diplomats and embassy personnel)

Features:

  • Access to exclusive Platinum and Mastercard privileges
  • Travel insurance
  • Priority pass membership
  • Rewards program
  • Earn 1 reward point for every ₱40 spent
  • Comes with a free EastWest Platinum Virtual card ideal for shopping online

Fees and Charges:

  • Interest rate: 2%
  • Card replacement fee: ₱500
  • Late payment fee: ₱1500 or the unpaid minimum amount due, whichever is lower
  • Foreign transaction fee: 1.70% service fee added to the sum of peso conversion and Mastercard fees
  • Overlimit Fee: ₱500

HSBC Premier Mastercard

HSBC Premier Mastercard

HSBC Premier Mastercard is exclusive to the bank’s Premier customers. They can become one based on total balances of different accounts, credited income to the account, or availment of a home loan. And once they qualify, they can apply for this plastic card with zero fee every year.

What are the requirements?

  • Must be at least 21 years old
  • A premier customer who qualifies based on valid id
  • Proof of residence
  • Last three months of utility bills
  • Possess an active credit card for at least one (1) year
  • Monthly income of ₱300,000

And the following are the perks.

  • Every ₱20 spent abroad earns 3x bonus points.
  • Every ₱20 spent for shopping and dining locally earns 3 points.
  • Every ₱25 to earn 1 air mile point
  • Points may be exchanged for Krisflyer or Mabuhay miles.
  • Free travel accident and inconvenience insurance
  • Exclusive premier privileges
  • 6% rebate on first fuel purchase from Caltex and 3% rebate for the rest of the year

Fees and Charges:

  • Interest rate: 2%

Maybank Visa Infinite (for Premier)

Maybank Visa Infinite (for Premier)

Premier customers of the bank can get the fee of the Maybank Visa Infinite waived. And that is worth about ₱5,000 saved every year.

What are the requirements?

  • Between 21 and 65 years old
  • An annual income of ₱300,000
  • Contact details include cell phone number and landline number
  • Valid ID
  • Proof of income: income tax, certificate of employment (employed)
  • DTI/SEC registration for self-employed applicants and audited financial statement (self-employed)
  • For foreigners: Alien Certificate of Registration

Features:

  • Every ₱25 earns 1 point.
  • 1% cashback on items spent abroad
  • Complimentary airport lounge access
  • Low foreign conversion fee
  • Points can be redeemed in exchange of cash credits and air miles (Air, AirAsia, PAL, KrisFlyer, and Enrich Miles).
  • Overseas spending is eligible for 1% cashback.
  • Travel and accident insurance.
  • Access to worldwide golf locations.
  • Exclusive Visa Infinite privileges for hotels and concierge.

Fees and Charges:

  • Interest rate: 2%
  • Card replacement fee: ₱400
  • Late payment fee: ₱850 or the unpaid minimum amount due, whichever is lower
  • Overlimit Fee: ₱750

Metrobank M FREE MASTERCARD

Metrobank M FREE MASTERCARD

Without any annual fees, the Metrobank M Free Mastercard is one of the many great options for your plastic card.

What are the requirements?

  • 18 to 70 years of age
  • Annual income of ₱180,000
  • Valid ID
  • Employed: income tax, certificate of employment (of the top 1000 companies only), and 3 months of payslip
  • Self-employed: financial statement and income tax
  • Aliens: proof of income/employment and Copy of Alien Certificate of Registration/Immigration’s Certificate of Residence or VISA

Features:

  • Access to discounts, freebies, and deals with affiliated merchants
  • Auto-charge utility bills
  • Transfer your balance from other cards
  • Enjoy Cash2Go where you can borrow and pay in installments
  • Use your card to get cash via ATM through Cash Rush

Fees and charges:

  • Interest rate: 2%
  • Cash advance fee: ₱200 per transaction
  • Late payment fee: ₱1,000 or unpaid minimum amount due, whichever is lower

PNB ZeLo Mastercard

PNB ZeLo Mastercard

PNB ZeLo Mastercard promises to “experience more with less fees.” It has waived membership fee, and if you are interested just need to be eligible based on:

  • Must be between 21-65 years old
  • Yearly income at least ₱120,000
  • Valid ID
  • Proof of billing: utility bills or credit card Statement of Account
  • Employed: 1 month payslip orCertificate of Employment or income tax or credit card number active for 1 year,
  • Self-employed: income tax, financial statement
  • Alien: passport, Alien Certificate of Residence, or Unexpired Philippine Retirement Authority ID (PRA) or Special Resident Retiree’s Visa (SRRV), Bureau of Immigration Approved Order, Certificate of Deposit issued by the Bank where the PRA/Visa is deposited

Features:

  • Zero late payment fees, zero overlimit fees
  • Zero % on purchases with participating businesses
  • Low finance charge of 1.88%
  • Bills payment in peso even with payments made in other countries
  • Consolidate debts through balance transfer
  • Get cash by converting to the credit limit and pay via installments
  • Convert your transactions to installment repayments

Fees and charges:

  • Interest rate: 2%
  • Late payment fee: None
  • Overlimit fee: None
  • Foreign currency transaction fee: 2.5%

PNB AAAIM Platinum Mastercard

PNB AAAIM Platinum Mastercard

PNB AAAIM Platinum Mastercard (AAAIM stands for Alumni Association of Asian Institute of Management) is one of the four co-branded credit cards offered by the Philippine National Bank. Aside from the waived annual fee, as cardholder you can enjoy the following benefits:

  • Rewards program where points can be redeemed for cash credit or Mabuhay Miles.
  • Free travel insurance.
  • Purchase protection insurance against accidental damage and theft for up to 90 days from the date of purchase
  • Dual currency billing
  • Avail of balance transfer, convert to cash, and cash advance for up to 30% of credit limit
  • 3% rebate on Caltex fuel
  • 0% Affordable Payment Plan

PNB AAXS Platinum Mastercard

PNB AAXS Platinum Mastercard

PNB AAXS Platinum Mastercard is another PNB co-branded card bearing the name of the Alumni Association of Xavier School with zero fee for membership.

  • Travel insurance
  • Dual currency billing
  • Purchase protection insurance
  • Fraud transaction insurance where you can file claims for unauthorized charges on a card that is lost or stolen, or for fraudulent charges.
  • Rewards points convertible to Mabuhay Miles and cash credit.
  • Access to cash advance up to 30% of credit limit.
  • Access to the following facilities: balance transfer, cash loan to be paid on installment, convert purchases and payments into installment, and zero % installment on transactions made with partner merchants.

PNB ICAAA Platinum Mastercard

The PNB ICAAA Platinum Mastercard (ICAAA stands for Immaculate Conception Academy Alumnae Association) can be had without worrying about the annual membership fee.

  • Travel insurance
  • Dual currency billing
  • Purchase protection insurance
  • Fraud transaction insurance where you can file claims for unauthorized charges on a card that is lost or stolen, or for fraudulent charges.
  • Rewards points convertible to Mabuhay Miles and cash credit.
  • Access to cash advance up to 30% of credit limit.
  • Access to the following facilities: balance transfer, cash loan to be paid on installment, convert purchases and payments into installment, and zero % installment on transactions made with partner merchants.

17. PNB The Travel Club Platinum Mastercard

PNB The Travel Club Platinum Mastercard

With zero fee on yearly dues, PNB The Travel Club Platinum Mastercard offers the following perks:

  • Discounts, rebates and rewards point in Travel Club stores
  • Rewards points program
  • Free service repairs beyond warranty (excluding spare parts)
  • Travel insurance
  • Dual currency billing
  • Purchase protection insurance
  • Fraud transaction insurance where you can file claims for unauthorized charges on a card that is lost or stolen, or for fraudulent charges.
  • Rewards points convertible to Mabuhay Miles and cash credit.
  • Access to cash advance up to 30% of credit limit.
  • Access to the following facilities: balance transfer, cash loan to be paid on installment, convert purchases and payments into installment, and zero % installment on transactions made with partner merchants.

PSBank Credit Mastercard

PSBank Credit Mastercard

The PSBank Credit Mastercard is available through PSBank and Metrobank. You can avail of its zero membership fees for life by being eligible based on the following:

  • Yearly income of ₱180,000
  • Employed: income tax return or payslip for the past 3 months
  • To fast-track the application, you may also submit certificate of employment (of the top 1,000 companies only) and billing statement of other bank’s credit cards held for at least 1 year
  • Self-employed: financial statement, SEC or DTI business registration

With it comes along the benefits stated below.

  • Zero % interest on purchases at partner establishments to be paid on installment up to 24 months
  • Apply for a supplementary card.
  • Consolidate credit card debts and pay installment up to 24 months
  • Get cash via ATM through Cash Rush.

RCBC Bankard Hexagon Club Platinum Mastercard

RCBC Bankard Hexagon Club Platinum Mastercard

Bankard Hexagon Club Platinum Mastercard is exclusive to premium accountholders, who belong to the Hexagon Club. They have a deposit account with a balance of at least ₱100,000.

  • Convert your balance to installment
  • Balance transfer
  • Convert purchases to installment
  • Travel insurance
  • Purchase protection
  • 0% installment on international purchases
  • Bonus travel limit
  • Rewards program where points can be converted to air miles and cash rebate
  • Cash loan
  • Access to airport lounge

Key Takeaways

We hope that you choose the best credit card suitable for you and your lifestyle! Indeed, having a credit card with annual fees waived perpertually saves you a lot of money. We’ll be continuously updating you with other on going promotions about these credit cards above!

Read More:

Credit Card Fees and How You Can Avoid Them

What are the Best Credit Cards for Students in the Philippines?

What are the Best Savings Accounts in the Philippines 2022


Please be informed that this article is originally from this Site.

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