See list of banks offering no annual fee credit cards

Credit cards with no annual fee are highly valued in the Philippines because they combine the flexibility of credit with the benefit of saving money.

Instead of paying yearly charges, cardholders can focus on using their credit lines for purchases, rewards, and travel perks.

Many banks and financial institutions now offer cards with permanent waivers or promotional lifetime waivers.

Knowing the list of banks and their specific products helps applicants make the best choice.

🏦 UnionBank of the Philippines

UnionBank is one of the leading banks when it comes to fee-free credit card options.

• Card Offered: UnionBank U Credit Card
• Annual Fee: Lifetime free for both primary and supplementary cards
• Minimum Income: ₱180,000 per year (about ₱15,000 per month)
• Other Features: Simple approval process, global acceptance, and straightforward terms

UnionBank also runs promotional campaigns on other products, where annual fees are waived if certain spending requirements are met within the first months of approval.

💼 Metrobank

Metrobank provides a strong option for Filipinos seeking a card without recurring fees.

• Card Offered: Metrobank M Free Mastercard
• Annual Fee: Lifetime waiver
• Minimum Income: ₱180,000 per year
• Other Features: Worldwide acceptance, installment plans, and exclusive promotions

This card is practical for budget-conscious consumers who want consistent long-term value.

🛡 Philippine National Bank (PNB)

PNB is well known for its consumer-friendly credit card lineup.

• Card Offered: PNB Ze-Lo Mastercard
• Annual Fee: Lifetime free, no minimum spend required
• Minimum Income: ₱10,000 per month
• Other Features:
  • No late payment fees
  • No over-limit charges
  • Lower interest rate of 2.5%
  • Supplementary cards also permanently free

PNB’s Ze-Lo is one of the most accessible and transparent cards in the country, making it an excellent choice for first-time applicants.

📊 Asia United Bank (AUB)

AUB offers multiple credit cards that remove annual fees completely.

• Cards Offered: AUB Classic Mastercard and AUB Easy Mastercard
• Annual Fee: Free for life
• Minimum Income: ₱50,000 per month
• Other Features:
  • Classic: flexible repayment terms
  • Easy: points convertible to Mabuhay Miles for travel rewards

These cards are designed for Filipinos who want repayment flexibility and travel benefits without additional costs.

💳 China Bank

China Bank provides a straightforward product that fits digital lifestyles.

• Card Offered: China Bank Freedom Mastercard
• Annual Fee: Lifetime waiver for primary and supplementary cards
• Minimum Income: ₱20,833 per month
• Other Features:
  • 1 reward point for every ₱30 spent
  • Virtual companion card for safer online shopping
  • Global acceptance

This card is especially appealing to frequent online shoppers.

🔐 Security Bank

Security Bank adds extra value to its fee-free option.

• Card Offered: Security Bank Wave Mastercard
• Annual Fee: Lifetime waiver
• Minimum Income: ₱480,000 per year for new clients; ₱360,000 per year for existing cardholders
• Other Features:
  • 1% cashback on online purchases (up to ₱3,000 annually)
  • Reduced interest rate of 2.5%
  • Secure transactions with additional documentation for self-employed applicants

The Wave Mastercard is ideal for mid-level earners who want a combination of cost savings and cashback rewards.

🏦 PSBank (Philippine Savings Bank)

PSBank, part of the Metrobank Group, offers its own fee-free card.

• Card Offered: PSBank Credit Mastercard
• Annual Fee: Lifetime waiver
• Other Features:
  • Flexible payment options
  • Chip technology for enhanced security
  • Free supplementary cards

This card is simple, reliable, and accessible for everyday financial needs.

📌 Rizal Commercial Banking Corporation (RCBC)

RCBC offers no annual fee cards under special promotional campaigns.

• Cards Offered: Platinum cards (Visa, Mastercard, JCB, UnionPay), Flex Gold Visa, Flex Visa, and co-branded cards
• Annual Fee: Lifetime waiver under promo conditions
• Requirements: New cardholders must spend ₱30,000–₱60,000 within the first 60 days after approval
• Other Features: Wide range of card types for different spending habits

Although conditional, these promotions are attractive for active spenders.

📊 Quick Comparison Table

Bank	Card(s)	Annual Fee	Notes
UnionBank	U Credit Card	Free for life	Covers primary + supplementary
Metrobank	M Free Mastercard	Free for life	Global acceptance, promos
PNB	Ze-Lo Mastercard	Free for life	No fees, low interest, supplements free
AUB	Classic & Easy Mastercard	Free for life	Flexibility + travel rewards
China Bank	Freedom Mastercard	Free for life	Rewards + virtual card
Security Bank	Wave Mastercard	Free for life	Cashback online + low interest
PSBank	Credit Mastercard	Free for life	Flexible payments, chip tech
RCBC	Platinum/Flex cards	Promo-based	Spend ₱30k–₱60k in 60 days

🌟 Why This List Matters

These banks highlight a consistent trend: transparency, savings, and accessibility. By offering no annual fee credit cards, they respond to the growing demand of Filipinos who want practical financial tools without hidden costs.

Whether through lifetime waivers or promotional campaigns, each bank gives applicants a chance to enjoy rewards while maintaining financial control.

The repetition of benefits—saving money, gaining rewards, and simplifying credit—shows why no annual fee cards remain among the most requested products today.

❓ FAQ on Banks Offering No Annual Fee Cards

1. Which bank offers the easiest approval?
PNB is widely seen as the most accessible because of its low income requirement.

2. Are all cards lifetime free?
Not all. RCBC and some UnionBank cards link waivers to spending conditions.

3. Do supplementary cards also get waivers?
Yes. Banks like PNB, China Bank, and PSBank include supplementary cards for free.

4. Which card is best for online shopping?
China Bank Freedom and Security Bank Wave are strong choices due to cashback and virtual card features.

5. Do I need high income to apply?
Not necessarily. Requirements vary, from as low as ₱10,000 monthly (PNB Ze-Lo) to higher amounts for premium cards.