Every financial expert often advises people to stay off credit card companies who have the annual fees. This they stress because those fees, over time, could mature into a large amount of money, thus soaking you in a constant stream of debt. Nevertheless, the good news is that some credit cards do actually exist without any annual fees / year-round charges. And that’s why today, we will be looking at 4 of the best credit cards without yearly fees in the Philippines.
EastWest Priority Visa Infinite
In terms of annual fees, this card makes no year-round charges, and also has a low-interest rate of 1.99%. All round, it has a rewards program where one rewards point, goes for every PHP10 purchase made using the card. It also has a travel insurance policy that is up to PHP 20 million in accident and inconvenience. And the rest will be, the rewards could be used in having access to VIP airport lounge, and Premium lifestyle privileges.
AUB Gold Mastercard
The AUB Gold Mastercard is a Philippine Credit Card that comes with a Zero charge on annual fees. It has its interest rate at 2.25%. Just like in the EastWest. Nevertheless, it comes with a minimum monthly income requirement of PHP50,833.33, a single rewards program, which states that for every one rewards point, there must be a PHP20 purchase. This reward includes airport lounge access, flexibility in terms of setting settlement due date and minimum amount due.
AUB Platinum Mastercard
This is another Philippine’s credit card that offers an Interest Rate as low as 2.25%, as usual, comes with no yearly dues to it. Still, it has a minimum monthly income requirement of PHP50,833.33, a rewards program where one rewards point goes for every PHP 20 purchase. The reward will cover airport lounge access, flexibility in terms of setting settlement due date and minimum amount due.
EastWest Platinum Mastercard
This card, like every other card on the list has no yearly charges but comes with an interest rate of 2.75%. It has a minimum monthly income requirement of PHP150,000, and a rewards program that entails one rewards point, for every PHP40 purchase made using the card.
It’s hard to come by these days, the Philippines credit card companies that are willing to offer you rewards with no expectation of extorting a yearly due from you. That is why, credit cards such as the AUB Platinum Mastercard, AUB Gold Mastercard, and EastWest Priority Visa Infinite, all deserve their place in this list.