See the best credit cards with no annual fee Philippines
Credit cards without annual fees are increasingly popular in the Philippines because they combine convenience with savings.
By removing yearly charges, these cards help Filipinos keep more money while still enjoying perks such as cashback, points, and travel benefits.
Several banks and financial institutions now provide fee-free options, either permanently or under promotional conditions.
Knowing the best choices available allows consumers to pick the right card for their lifestyle and budget.
🏦 UnionBank U Visa Platinum
One of the strongest contenders in the market is the UnionBank U Visa Platinum, which guarantees no annual fee for life. The minimum income requirement is ₱180,000 per year (around ₱15,000 per month).
Key benefits include:
- 10% rebate on interest charges when paying the minimum on time
- No late payment or over-limit fees
- Wide acceptance globally
Applicants must be between 21 and 70 years old and present proof of income, a valid government-issued ID, and for foreigners, a passport or Alien Certificate of Registration (ACR).
🎯 UnionBank Rewards Credit Card
The UnionBank Rewards Credit Card comes with a free annual fee until December 2025, provided that cardholders spend at least ₱20,000 in the first 60 days. After the promotional period, the annual fee is ₱2,500.
Benefits include:
- 1 reward point for every ₱30 spent
- Triple points on dining and overseas transactions
- Access to UnionBank’s reward redemption program
This product suits individuals who want to maximize points while benefiting from an initial waiver.
💼 Metrobank Titanium Mastercard®
The Metrobank Titanium Mastercard® offers a waiver of its ₱2,500 annual fee for the first year, with the condition that cardholders spend between ₱180,000 and ₱250,000 annually.
Key benefits include:
- 1 reward point for every ₱20 spent
- Double points for online shopping, dining, and department store purchases
- Flexible installment options
This card is attractive for higher spenders who can meet the promotional condition and enjoy the rewards program.
🛡️ PNB Ze-Lo Mastercard
The PNB Ze-Lo Mastercard is one of the most consumer-friendly choices because it has no annual fee for life without spending conditions.
Eligibility details:
- Minimum income: ₱10,000 per month
- Age range: 21 to 65 years
- Documents: payslips, Certificate of Employment, ITR, valid ID, and proof of address. Foreigners must present a passport, ACR, and residence proof.
Benefits include:
- No late payment or over-limit fees
- Reduced interest rate of 2.5%
- Supplementary cards also free of annual fees
This card is well-suited for first-time applicants or individuals seeking transparent terms.
📊 AUB Classic & AUB Easy Mastercard
Asia United Bank offers both the Classic and Easy Mastercard with permanent annual fee waivers.
Eligibility requirements:
- Minimum income: ₱50,000 per month
- Benefits:
- 1 reward point per ₱50 spent
- Flexibility in repayment schedules (Classic)
- Option to transfer points to Mabuhay Miles for travel rewards (Easy/Gold versions)
These cards serve customers who prefer flexibility and travel-related benefits.
🏦 China Bank Freedom Mastercard
The China Bank Freedom Mastercard is another lifetime no annual fee product.
Requirements and benefits:
- Minimum monthly income: ₱20,833
- 1 reward point for every ₱30 spent
- Free supplementary cards
- Virtual companion card for online transactions
This card targets users who want strong online shopping support combined with long-term savings.
✈ EastWest Platinum Mastercard
The EastWest Platinum Mastercard provides lifetime no annual fee and is notable for its premium perks.
Key advantages include:
- Free travel insurance coverage up to ₱20 million
- Low foreign currency conversion rate of 1.70%
- Global acceptance for frequent travelers
It appeals to professionals who travel regularly and want reliable coverage at no cost.
🔴 HSBC Red Mastercard
The HSBC Red Mastercard has an annual fee waiver for the first year, followed by a ₱2,500 fee.
Benefits include:
- Up to 4× rewards points for dining, online, or overseas spending
- Up to 6% rebate on fuel purchases
- 0% installment options for major purchases
With its strong rewards structure, it is suitable for active spenders looking for maximum returns.
💳 Security Bank Wave Mastercard
The Security Bank Wave Mastercard provides permanent annual fee exemption.
Benefits include:
- 1% cashback on online purchases (capped at ₱3,000 per year)
- Reduced interest rate of 2.5%
- Secure and convenient application process
Applicants must provide proof of income such as payslips, Certificate of Employment, or ITR.
🏆 Metrobank M Free Mastercard
The Metrobank M Free Mastercard also has a lifetime waiver.
Advantages include:
- 1 reward point for every ₱20 spent
- Global acceptance and installment flexibility
- Access to exclusive promotions
This card is highly versatile, offering everyday value without additional costs.
📌 Quick Comparison Table
| Card | Annual Fee | Minimum Income | Key Benefits |
|---|---|---|---|
| UnionBank U Visa Platinum | Free for life | ₱180,000/year | Rebate on interest, no late fees |
| UnionBank Rewards | Free until Dec 2025 | ₱180,000/year | Points + triple rewards dining/abroad |
| Metrobank Titanium | Free 1st year | ₱180,000/year | Points + double on select spending |
| PNB Ze-Lo | Free for life | ₱10,000/month | No fees, reduced interest |
| AUB Classic/Easy | Free for life | ₱50,000/month | Flexibility, travel points |
| China Bank Freedom | Free for life | ₱20,833/month | Rewards + virtual card |
| EastWest Platinum | Free for life | — | ₱20M travel insurance |
| HSBC Red | Free 1st year | ₱17,000/month | High rewards + fuel rebate |
| Security Bank Wave | Free for life | ₱360k–₱480k/year | Cashback + lower interest |
| Metrobank M Free | Free for life | — | Rewards + exclusive promos |
❓ FAQ on No Annual Fee Credit Cards Philippines
1. Which no annual fee card is best for beginners?
The PNB Ze-Lo Mastercard is highly recommended due to its low income requirement and lifetime free status.
2. Which card is best for travelers?
The EastWest Platinum Mastercard offers ₱20 million travel insurance and low foreign exchange rates.
3. Are promotional waivers permanent?
No. Cards like UnionBank Rewards and HSBC Red offer temporary waivers that may revert to standard annual fees after the promo period.
4. Do all cards require high income?
No. Requirements range from as low as ₱10,000 per month (PNB Ze-Lo) to higher brackets for premium cards.
5. Can foreigners apply?
Yes, but additional documentation such as a passport, ACR, and proof of residence are usually required.