CREDIT CARD: Banks In The Philippines W/ Easy Credit Card Approvals

Here’s Where You Can Quickly Apply For A Secured Credit Card

CREDIT CARD – Here is the list of banks in the Philippines that issue credit cards quickly.

Shopping, making payments, and planning trips can all be done without fuss by using various credit cards. Since many credit cards offer rewards in the form of cash, points, or miles, using one might help you save money. Additionally, regular credit card use can help you create and build a solid credit score, which is a major asset when you apply for a loan for a house and lot in the Philippines.

The companies that frequently provide secured credit cards are mentioned below. Thankfully, some credit cards are much easier to accept than others.

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Photo Source: GOBankingRates

Where Can I Quickly Apply in PH for a Secured Credit Card?

We’ve listed not just three main credit bureaus but also five banks that offer secured credit cards in the Philippines if you’re a first-time applicant and want your credit card application to be approved quickly:

A. AUB

AUB Easy Mastercard

The requirements for getting an AUB Easy Mastercard are not very difficult. You can choose to make payments on these credit cards on a monthly, bimonthly, weekly, or any schedule that works for you. The due date is flexible. You also have the option to decide on a fixed sum based on how frequently you pay off your credit card bill.

AUB Classic Mastercard

If you want a Mastercard with the same simple application process and no yearly or hidden fees, the AUB Classic Mastercard is a worthwhile upgrade. In contrast to the Easy Mastercard, you can sign up for an unlimited number of extra cards with the Classic Mastercard and never have to pay an annual fee.

Both Easy and Classic Mastercards have the following features. Annual fee: No annual fee (lifetime) | Interest rate: 3% | Monthly income requirement: Php 21, 000

AUB Platinum Mastercard

The requirements for this platinum-secured credit card are simple and simple to meet, despite the fact that the income level is higher than for the other cards listed. Your lifetime membership fee will also be reimbursed. Due to benefits like no interest on purchases, points that can be transferred to the Mabuhay Miles frequent flyer program, and free use of airport lounges, this platinum credit card is also perfect for frequent travelers and those who want to avoid international transaction fees. Additionally, additional cards may be added as often as you like.

Annual fee: Free | Interest rate: 3% | Monthly income requirement: Php 100, 000

B. Bank of the Philippine Islands (BPI)

BPI Edge Mastercard

Of all of BPI’s regular credit cards, the Edge Mastercard features the lowest annual fees and income requirements. BPI only needs a valid government-issued ID and evidence of income. Additionally, this card gives users access to a huge range of advantages. For every $50 you spend, you’ll receive one BPI point, which you can then redeem for merchandise or benefits.

Interest rate: 3% | Monthly fee: Php 110 (Free for the first year) | Monthly income requirement: Php 15, 000

BPI Blue Mastercard

The BPI Blue Mastercard is the best option for new cardholders because of its low annual income criteria. This card makes purchases easier to manage by providing easy interest-free financing alternatives for up to 36 months. Additionally, you will receive one BPI point, redeemable for exclusive savings, for every 35 you spend.

Annual fee: Php 1, 550 | Interest rate: 3% | Monthly income requirement: Php 15, 000

Petron-BPI Mastercard

The Petron-BPI Mastercard, which is comparable to the BPI Blue Mastercard in terms of yearly income and application requirements, is one of the most practical credit cards in the Philippines. However, if you are always on the run, the Petron-BPI credit card is your best bet.

Purchase this card to receive a 200-gallon gasoline coupon, a 3% discount on gasoline purchases made at participating Petron stations, and additional perks linked to vehicles.

Annual fee: Php 1, 550 | Interest rate: 3% | Monthly income requirement: Php 15, 000

BPI Amore Cashback Card

Although there is a very low-income requirement for this card, the advantages are substantial. You will have exclusive access to all Ayala Malls nationwide with this card. A cash rewards credit card is available that offers 4% on groceries and 1% on utilities and prescription drugs. The BPI Amore Cashback Card, which has one of the lowest foreign exchange rates among major credit cards at 1.85%, is also excellent for people who enjoy shopping abroad.

In addition to the cash advance of up to 30% of your credit limit, you may also convert your credit line into cash and repay it in 36 monthly installments.

Annual fee: Php 2, 050 | Interest rate: 3% | Monthly income requirement: Php 15, 000

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Photo Source: Consolidated Credit

C. Philippine National Bank (PNB)

PNB Ze-Lo Mastercard

There is a low monthly income requirement and little documentation to submit for the PNB Ze-Lo Mastercard. Its attraction is increased by the lack of annual fees, over limit fines, and late payment fees. You’ll be relieved to learn that this card is widely recognized if you frequently travel abroad.

A maximum of 30% of your available credit may be borrowed as a cash advance. In addition, if you make purchases through the bank’s retail partners, the Zero% Affordable Payment Plan offers 0% interest for 24 months.

Annual fee: Zero annual fees for life | Interest rate: 3% | Monthly income requirement: Php 10, 000

PNB Visa Classic

One of the easiest credit cards to get is this. The PNB Visa Classic has affordable pricing and no annual fee for the first year.

Annual fee: Php 300 (Free for the first year) | Monthly income requirement: Php 10, 000 | Interest rate: 3%

PNB Essentials Mastercard

Safe contactless transactions are made possible by the Card Protect Feature of the PNB Essentials Mastercard. Free vacation, purchase, and fraud insurance are all offered. If you enjoy traveling, this credit card is really helpful. You may use it everywhere that accepts Visa, including online, pay in Philippine Pesos for transactions made outside of the country, and exchange it for rewards like Mabuhay Miles or Cash Credits.

Annual fee: Php 1, 200 | Interest rate: 3% | Monthly income requirement: Php 10, 000

D. RCBC

RCBC Classic Mastercard

The RCBC Classic Mastercard shows the effectiveness of tried-and-true strategies. Due to a low-income requirement and a condensed list of required documents, it is one of the easiest credit cards to obtain in the Philippines.

Earning points toward free flights, cash back, and other great incentives starts at just 36 per purchase. You also get access to a no-cost budget tracking tool.

Annual fee: Php 1, 500 | Interest rate: 3% | Monthly income requirement: Php 15, 000

RCBC Flex Visa

In terms of requirements, the RCBC Flex Visa is comparable to the Classic Mastercard, but it offers more incentive options. Each billing cycle, you can pick two categories to receive double rewards points. Your points can be exchanged for gift cards or cash savings.

With this card, frequent flyers can benefit from free airport lounge access, Travel Plus Lite travel insurance, and purchase security.

Annual fee: Php 1, 500 | Interest rate: 3% | Monthly income requirement: Php 15, 000

E. Security Bank

Security Bank Fast Track Secured Credit Card

You might wish to look into the secured Fast Track program credit card if you’re a new or existing Security Bank customer in the Philippines and you need a credit card despite having poor credit. By creating a bank deposit account and making the necessary minimum hold-out deposit, which is ideal for student credit cards, you can get this card without having to provide proof of income.

It also boasts one of the shortest approval turnaround rates in the Philippines, taking only three days after the required paperwork is submitted.

Annual fee: Php 2, 000 to Php 4, 000 (Depending on your Security Bank credit card; free for the first year) | Interest rate: 3% | Monthly income requirement: None

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READ ALSO: CREDIT CARD TIPS: Useful Tips in Handling Credit Cards Responsibly

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