Best Cashback Credit Cards In The Philippines

Experience instant cash back & rebates on selected purchases. Choose and apply for top cashback credit cards here.

Best Cashback Credit Cards In The Philippines

All the best cash back credit cards in the Philippines are here

Take your pick of the best cash back credit cards in the Philippines from top credit card companies.

EastWest Bank - EastWest EveryDay Titanium Mastercard
  • Cash advance up to 70% of your credit limit
  • 0% installment plan for 3-24 months
Annual fee
2,800 PHP
Monthly interest rate
2 %
EastWest Bank - EastWest Platinum Mastercard
  • FREE Lifetime Membership
  • Cash advance up to 70% of your credit limit
Annual fee
0 PHP
Monthly interest rate
2 %
HSBC - HSBC Gold Visa Cash Back Credit Card
  • 0% Installment plan for 3-36 months
Annual fee
2,500 PHP
Monthly interest rate
3.5 %
Metrobank - Metrobank Rewards Plus Visa
  • With embedded CHIP CARD that protects you from credit card fraud due to cloning
Annual fee
2,500 PHP
Monthly interest rate
3.5 %
Metrobank - Metrobank Titanium Mastercard
  • With embedded CHIP CARD that protects you from credit card fraud due to cloning
Annual fee
2,500 PHP
Monthly interest rate
3.5 %
UnionBank - UnionBank Gold Mastercard
  • Worldwide Acceptance
  • Car Secure Auto-Insurance Plan
Annual fee
2,500 PHP
Monthly interest rate
2 %
UnionBank - UnionBank Gold Visa Card
  • Car Secure Auto-Insurance Plan
  • Bill Manager Auto-Charge facility
Annual fee
2,500 PHP
Monthly interest rate
2 %
UnionBank - UnionBank Lazada Credit Card
  • Car Secure Auto-Insurance Plan
  • Bill Manager Auto-Charge facility
Annual fee
3,000 PHP
Monthly interest rate
2 %
UnionBank - UnionBank Platinum Mastercard
  • Worldwide Acceptance
  • Car Secure Auto-Insurance Plan
Annual fee
3,000 PHP
Monthly interest rate
2 %
UnionBank - UnionBank PlayEveryday Visa Card
  • Car Secure Auto-Insurance Plan
  • Bill Manager Auto-Charge facility
Annual fee
1,500 PHP
Monthly interest rate
2 %

Cash back credit cards FAQ

A cashback credit card is a type of credit card that lets you earn cash rebates on purchases spent. There are several banks in the Philippines that offer cashback credit cards and we will discuss them further below. For now, it’s important that you realize that each bank has different terms and conditions and varies on rebates and redeeming process.

The process of redeeming cashback is pretty straightforward. You may receive them either direct deposit or through check. You also have the option to apply the cashback as a statement credit. These methods all depend on the issuing bank.

First, remember that there are are two types of a cashback credit card, which is variable and fixed rate.

A variable cashback offers tiered rewards, and this depends on certain categories. You get higher rebates for the category you often spend. For example, some cards offer a higher cashback for fuel purchases, while another might offer a higher cashback for dining purchases.

With a fixed rate cashback card, you earn a fixed rebate percentage on all purchases. This one is much simpler and straight forward then a variable rate cashback.

Before deciding which cashback credit card is right for you, make sure to check out what type of rate they offer. If, for example, you spend a lot on fuel purchases than a variable rate card that provides big rebates on fuel might be best for you. On the other hand, if your spending is pretty even across the board, a fixed rate card should work well for you.

Pros

  • You get to earn rebates while spending on purchases
  • You'll get a higher credit score which makes it easier for you to get approved when applying for other financial products in the future, be it for another type of credit card or a loan.

But it's not without cons:

  • Higher interest rates vs. non-cashback credit cards
  • These cards typically have annual fees
  • Some banks provide a cap of how much cashback you can earn. And some terms can be very complex
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