• No Annual Fee Credit Cards

    Paying annual fees can be a downer. You wouldn't want to justify the annual fees just because your rewards program pays you. If you do not like paying annual fees, you will find many credit card providers in the Philippines that offer credit card without an annual fee.

    Types of No Annual Fee Credit Cards

    When you are shopping around for a credit card that doesn’t charge an annual fee, you will find 22 options. They are:

    • No fee ever: This is straightforward and you will not be charged an annual fee for as long as you have the credit card.
    • No fee for the introductory period: There are credit cards that do not charge an annual fee for the first year, but this will change for the following years.

    Therefore, it is important that you read through the terms and conditions carefully. If you don’t want to pay any annual fees ever, you must confirm with the credit card provider that you will not be charged for it.

    Reward Program Offered With a No Annual Fee Credit Card

    The most common rewards program offered with no annual fee credit card is cashback rewards program. No fee annual credit card offers simple rewards. If you want to earn air miles or more complex rewards then you will have to pay an annual fee. But, if you are happy with a simple rewards program, you can choose the no annual fee credit card. The cashback credit cards can be used for groceries, gas, and at restaurants. Some cashback credit cards also offer bonus amount if you spend an allotted amount within the first few months.

    If you want travel cards, you will have to pay an annual fee. Make sure that the rewards are more than the annual fee you are paying. Keep in mind that when you are choosing a travel credit card, you will not be charged any foreign transaction fee.

    Tips for Negotiating Rewards Cards Annual Fees

    If you already have a credit card for which you are paying an annual fee, you can get it reduced by following these tips:

    • Use the card: If you are using the card frequently, the credit card providers will see you as the best customer and would want to retain you at all costs. Credit card providers look for a customer that make them money. It needn’t be a lot, but it should be steady.
    • Be polite: Be respectful of the person you are communicating with. When you are negotiating with a representative, be clear that you want to pay a lesser annual fee or none at all. There is a good chance that they cannot meet your demands, but they may throw in some other perks which will be just as good.
    • Talk over the phone: This gives you enough time to present your case and you will also know where you stand and if you stand a chance to get your annual fee reduced. This will save you time as you wouldn’t have gone all the way to the bank to negotiate. You can call them back to back and the result may vary. You may walk out of the call with a better rewards program.
    • You can call and negotiate about the annual fee at any time: You needn’t worry about when you have to pay the annual fee. You can negotiate 6 months in advance and this gives you enough negotiating time and time for the representative to come up with a better deal for you.

    Best No Annual Fee Credit Cards in Philippines

    Following are the best no annual fee credit cards you can get in the Philippines:

    1. Eastwest Bank Platinum Card
    2. This is a platinum MasterCard that offers premium perks and benefits.

      • Reward type: Travel, groceries, insurance, dining, shopping, and premium.
      • Other perks: You get the following benefits:
          • MasterCard moments.
          • Platinum perks.
          • Acts as a free virtual card for an online transaction.
          • You get free access to over 600 VIP Airport Lounges.
          • You get EMI options.
          • Supplementary cards are offered at no charge.
          • You can auto-pay your bills.
          • Efficient customer service.
    3. PNB Travel Club Platinum MasterCard
    4. This card is tailor-made for those who love to travel.

      • Reward type: Travel, insurance, and shopping.
      • Other perks: You get the following benefits:
        • Travel insurance.
        • Insurance against purchase protection.
        • Insurance against fraud transaction.
        • Facility for dual billing.
        • You get Mabuhay Miles, Travel Club Perk, and cash credits.
        • You can also get a cash advance.
        • 0% installment plan.
        • Balance transfer.
        • Efficient customer service.
    5. Metrobank M Free MasterCard
    6. This is a co-branded card and you get the best deals, gifts, and discounts at ‘M here!.

      • Reward type: Travel, dining, insurance, and shopping.
      • Other perks: You get the following benefits:
        • Insurance against purchase protection.
        • Insurance against fraud transaction.
        • You get supplementary cards with the benefits of Metrobank credit card.
        • Cash advance.
        • Balance transfer.
        • Auto pay your utility bills.
        • Efficient customer service.
        • You can also design your own card.
    7. BDO UnionPay Gold
    8. This card lets you pay in peso and in dollar. This card doesn’t charge a annual fee for the first 3 years.

      • Reward type: Travel, dining, insurance, utilities, and shopping.
      • Other perks: You get the following benefits:
        • Travel insurance.
        • 4 supplementary cards offered and the annual fee is waived for them for 3 years.
        • Billing in dual currency.
        • Easy installment option.
        • Balance transfer.
        • Delights program.
        • Auto pay your utility bills.
        • Efficient customer service.
        • Multiple payment channels.
    9. HSBC Premier MasterCard
    10. This card for those who love to travel.

      • Reward type: Travel, dining, insurance, premium, and shopping.
      • Other perks: You get the following benefits:
        • EMI facility.
        • Auto charge facility.
        • Balance transfer.
        • Reward points.
        • Travel insurance.
        • Bonus points.
        • Travel accident insurance coverage.
        • Free flights offer redemption.
        • Premier privileges.
        • Worldwide security and safety.
        • Efficient customer service.
    11. Citi Rewards Card
    12. This card is free for the first year.

      • Reward type: Travel, dining, gas, groceries, and shopping.
      • Other perks: You get the following benefits:
        • Supplementary cards.
        • Citi World Privileges.
        • Citi Dining Privileges.
        • Cash advance.
        • Credit shield.
        • Credit card protection.
        • EMI options.
        • Mobile banking.
        • Overseas payment in pesos.
        • Efficient customer service.

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