There is a good number of banks present here in the Philippines. And the truth is, while they may all seem to be efficient, not every one of them is equal to each other, at least not in the quality of credit card issuance. Speaking of equality, we are not here to judge these banks based on their level of banking services but just in the aspect of credit cards. And yes, most of them do offer credit cards, but which banks provide the best?
Well, that’s why we are here today to discuss the banks that produce the best credit cards.
Union Bank, formerly known as Union Savings and Mortgage Bank, was founded on August 16, 1968, in Manila, Philippines, with headquarters at Pasig, Philippines. It has his Chairman and CEO to be Jon Ramon M. Aboitiz and Vice-Chairman Edwin R. Bautista.
The outstanding thing about this bank is not only in their banking service delivery but in the top-quality credit cards they make, such as the Union Bank Miles + Platinum Visa Card, which is the best in regards to traveling. In using this card, every Php25 you spend is equal in rate to 1 point. In other words, if the cost of anything you spend on using this credit card is travel-related, in every Php25, you earn 1.5x pts.
Formerly known as Robinsons Savings Bank (1997-2011), the bank was founded in November 1997; 21 years ago. It has its headquarters stationed at Quezon City, Philippines, with Lance Gokongwei as the Chairman, and Frederick D. as Vice Chairman.
They have over the years produced good credit cards in terms of rewards and shopping, mainly. An example of this is Robinsons Bank DOS Platinum Mastercard, which is the best Credit Card in terms of online shopping.
This card goes at an interest rate of 3.5% (for online payments under the total amount due or least amount owing), a cash advance fee of 9% on the amount withdrawn, a late payment fee of P600, and an account maintenance of P50/month, thus making it an ideal credit card for shopping.
Security Bank Corporation is a universal bank in the Philippines. It was established on June 18, 1951, as Security Bank and Trust Company and was the first private and Filipino-controlled bank of the post-World War II period.
Now, not only was Security Bank publicly listed with the Philippine Stock Exchange in 1995, they have since been one of the best producers of good quality and family beneficial credit cards, such as the Security Bank Complete Cashback Mastercard, which is known for its great rebates bonuses.
These rebates cover, 5% on your grocery shopping using the card, 4% on gas purchases (5% if your gas is being filled up on Sea Oil), 3% on utility payments, 2% of these rebates on dining, 1% on shopping.
So, in case you’ve been out there searching for Philippines bank that offers the best credit cards, above lies your answer!