Credit Cards In Philippines W/ Zero Annual Fees In 2023

Most Popular Zero Annual Fee Credit Card In The Philippines

CREDIT CARDS – Here are the most popular zero annual fee credit cards in the Philippines.

Owning a credit card and using it responsibly enables you to cover your expenses and bills while earning rewards. However, not all credit cards come with no annual fees; some require you to pay costly yearly charges.

In this article, we will discuss the best credit cards in the Philippines that do not have annual fees. We will also provide insights on how to avoid paying the annual fee whenever it appears on your credit card statement.

Credit Cards in the Philippines with Zero Annual Fees

1.Citi Simplicity+ Card

The Citi Simplicity+ Mastercard is an excellent choice, especially for newcomers to credit cards, as it comes with no annual fee every year. This is a suitable selection if you prefer to avoid annual fees. This credit card is also popular due to its “no late payment fees” feature.

Furthermore, the Citi Simplicity+ Card does not impose over-limit fees. However, it’s important to spend within your credit limit to ensure you have enough funds to fully repay your credit card balance.

Credit Card Requirements:

Minimum annual income of ₱180,000
Age of 21 or older
One photo-bearing government-issued ID
Valid TIN, SSS, GSIS, or UMID number
Active landline or mobile phone number
Bank statement from your Payroll Account displaying one month’s salary
Proof of income: most recent one-month pay slip or the latest BIR income tax return (BIR 2316)

2. AUB Classic Mastercard

Asia United Bank provides several credit card options, among which the AUB Classic Mastercard stands out. It offers a lifetime waiver of the annual membership fee.

Promoting credit cards with convenient payment terms, the AUB Classic Mastercard uniquely allows you to decide when and how much you want to pay. You have the flexibility to select your payment frequency and monthly payment amount.

You even have the option to determine your fixed monthly payment, although the terms might be a bit intricate.

It’s essential to note that making payments below the total amount due will result in higher interest and additional charges, prolonging the time required to settle your outstanding balance.

Credit Card Requirements:

Minimum annual income of ₱252,000
Age must be between 21 and 65 years
Must hold regular status employment with a registered Company/Corporation for a minimum of one (1) year
If self-employed, must be operating a registered business that has been profitable for at least one (1) year
Active landline or mobile phone number
Bank statement from Payroll Account displaying one month’s salary
Latest one-month pay slip or the most recent income tax return (BIR 2316)

3. RCBC Mastercard

RCBC Mastercard is another credit card option with a lifetime exemption from annual fees. It’s a preferred choice for travel due to its benefits, including unlimited free access to the Skyview Airport Lounge. Moreover, the RCBC Platinum Mastercard offers free travel insurance up to ₱1,000,000 when used to pay for flight tickets.

In addition to the no annual fee feature, the RCBC Mastercard allows enrollment of up to 5 supplementary credit cards at no extra cost. This feature is advantageous for adding family members or trusted friends to the account.

Credit Card Requirements:

Age range of 21 to 65 years
Minimum annual income of ₱1,200,000
Active mobile number and landline at your workplace
One valid photo ID with signature (e.g., UMID, Passport, Driver’s License)
Original Certificate of Employment (COE) issued by authorized Human Resources personnel, with annual income details and not older than 6 months

4. PNB Ze-Lo Mastercard

For those seeking a credit card without annual fees and lower finance charges, the PNB Ze-Lo Mastercard could be the ideal choice. This credit card also provides benefits such as no late payment fees and no over-limit fees.

Additionally, if you decide to include supplementary cardholders, the annual fee remains waived. Freelancers in the Philippines often prefer this card due to these advantages.

Credit Card Requirements:

Age range of 21 to 65 years
Minimum annual income of ₱120,000
Recent one-month payslip or Certificate of Employment (including Gross Income, Date Hired, and Position) or Income Tax Return (ITR) or active principal credit card number (with at least 1-year membership)
Government-issued photo ID with signature (e.g., Driver’s License, Passport, TIN (Ecard only), SSS, UMID, or Company ID)

5. EastWest Platinum Mastercard

Crafted to be a premium credit card, the EastWest Platinum Mastercard offers a permanent waiver of the annual membership fee for both principal and supplementary card users.

Geared towards those who enjoy travel, this card stands out with its minimal foreign currency conversion charges and the inclusion of a complimentary Priority Pass membership.

However, it distinguishes itself from other cards listed by imposing fees for late-payments and surpassing credit limits. It’s essential to keep these charges in mind while making use of this card.

Credit Card Requirements:

Age 21 to 65 years old
Minimum annual income of ₱1,500,000
Employment tenure of at least 1 year is required.
Alternatively, one must demonstrate profitability in business operations for a minimum of 1 year.
A functioning landline or mobile phone number is necessary.
Proof of income: Either the most recent monthly payslip or the latest income tax return (BIR 2316) is mandatory.

6. Metrobank M Free Mastercard

Boasting the slogan “no annual fee for life,” the Metrobank M Free Mastercard emerges as the ultimate choice for young professionals seeking to maximize the benefits of their credit cards.

This card presents a “balance transfer” functionality, enabling you to shift balances from other cards for a mere 1% per month.

Similar to RCBC credit cards, it also introduces 0% installment plans that simplify payments for substantial purchases.

Credit Card Requirements:

Age requirement: 18 to 70 years
Minimum yearly income: ₱867,000
Employment duration: At least 6 months as a regular employee
Alternatively, applicants should have been principal cardholders with another bank for a minimum of 9 months.
Essential documents: Valid TIN, SSS, GSIS, and UMID Number.