Philippines' Best Credit Cards: A Comprehensive Guide for Every Filipino

Philippines' Best Credit Cards: A Comprehensive Guide for Every Filipino

Navigate the diverse world of Philippine credit cards with our comprehensive guide. Discover top picks tailored to your lifestyle, from travel to shopping, and arm yourself with tips for making the best credit card choice. Dive deep into the evolution of credit in the archipelago and make informed financial decisions.


The Philippines, an archipelago of over 7,000 islands, is not only rich in natural beauty but also in its diverse financial landscape. Credit cards, an essential cog in this machinery, have transformed the way Filipinos shop, invest, and manage their finances. But how did the Philippines reach its current credit card landscape, and how can Filipinos navigate these waters effectively? Let’s journey through the history and intricacies of the nation's credit card system.

Historical Framework

The journey of credit cards in the Philippines is an amalgamation of economic development, evolving consumer needs, and globalization. It's essential to understand how credit cards became a pivotal financial instrument in a country where cash was once the dominant mode of transaction.

Pre-Credit Era

Before credit cards, Filipinos primarily relied on extended credit systems known as “pautang” or “utang” from local community stores or “sari-sari stores”. Here, trust was the primary currency, and repayments were often made in small, manageable amounts.

Economic Boom in the 70s and 80s

The Philippine economy underwent significant transformations in the late 20th century, embracing globalization and opening its doors to foreign investments. As urbanization progressed, there was a growing middle class with a disposable income looking for modern financial instruments.

First Forays into Credit

The late 1980s saw the entry of the first credit cards, primarily catering to the elite and business professionals. Initially, they were viewed as a status symbol, signifying economic affluence.

Government Regulation

The 90s brought about stricter banking regulations. The Bangko Sentral ng Pilipinas (Central Bank of the Philippines) introduced measures to protect consumers and maintain financial stability. It was during this era that credit cards began to gain wider acceptance, and rules were put in place to ensure transparency and fairness in lending.

Historical Facts

Early Banking

The "El Banco Español Filipino de Isabel II", established in 1851, is the precursor to what we know today as the Bank of the Philippine Islands (BPI). This was the beginning of formal banking in the country.

Credit Card Emergence

The 1980s and 1990s saw a surge in urban middle-class Filipinos embracing credit cards as a convenient payment system.


To protect consumers, the Philippines’ Central Bank has set out regulations and standards for credit card operations since the early 2000s.

Credit Score - How it works?

In the Philippines, the credit score plays a pivotal role in determining credit card approvals. Managed by the Credit Information Corporation (CIC), this score is based on credit history, loan repayments, and financial health. A good score can lead to higher credit limits and better interest rates. Financial institutions, including credit card issuers, reference this score before deciding on approvals.

Top Credit Card Picks in the Philippines

With numerous banks offering a plethora of credit cards tailored to different needs, choosing one can be daunting. Here’s a breakdown of some standout credit cards for different user profiles:

For the Avid Traveler

BPI SkyMiles MasterCard

Partnered with Delta Air Lines, this card allows users to earn miles for every spend, which can be redeemed for free flights.

Citi PremierMiles Visa Card

Offering a mile for every ₱30 spent, the accumulated miles can be used across various airlines with no expiry.

For the Shopaholic

EastWest Platinum MasterCard

It offers exclusive deals and discounts in various shopping establishments across the country.

HSBC Red MasterCard

Get 4x bonus points on various purchases and even avail of 0% installment plans at participating merchants.

For the Dining Enthusiast

Metrobank Femme Visa

Enjoy exclusive dining deals and discounts in restaurants all over the Philippines.

Security Bank Complete Cashback MasterCard

Earn cash back on dining, along with groceries, fuel, utilities, and shopping.

For the Business Professional

BDO Platinum MasterCard

This card offers travel insurance, airport lounge access, and high credit limits ideal for business-related expenses.

UnionBank Gold Visa Card

It provides a mix of travel and shopping benefits, making it a versatile choice for professionals.

For the Budget Conscious

AUB Classic MasterCard

Known for its flexibility, cardholders can choose when and how much they want to pay.

BPI Family Credit Card

One of the cards with the lowest interest rates in the market, it's perfect for those on a budget.



Credit cards offer Filipinos the convenience of cashless transactions, online shopping, and the ability to manage sudden expenses.


Many credit cards come with rewards programs, cash backs, or air miles, benefiting frequent users.

Installment Plans

Some cards provide 0% installment plans, allowing users to make big purchases and pay back in manageable monthly amounts.


Debt Trap

Unsustainable spending can lead users into significant debt due to high-interest rates.

Hidden Charges

Some cards come with hidden fees and charges, catching unsuspecting users off guard.

Security Concerns

Fraudulent transactions and data breaches are potential risks.

Digital Banking

With the rise of digital banking platforms like GCash and PayMaya, credit card usage is integrated for more effortless online transactions.

Contactless Payments

Many modern cards are now equipped with NFC, allowing for contactless payments.

Financial Literacy

As credit card usage grows, so does the emphasis on educating Filipinos about responsible card usage and financial health.


Understand Your Needs

Choose a credit card that aligns with your spending habits – be it travel, shopping, or dining.

Pay in Full

To avoid hefty interest, try to pay off the full amount due each month.

Protect Your Data

Be wary of phishing scams and only share your card details on trusted platforms.


First Credit Card

The Bank of the Philippine Islands (BPI) was among the first to introduce credit cards in the country.

Homegrown Cards

Apart from international brands like Visa and MasterCard, the Philippines also has homegrown credit card brands such as BDO and Metrobank.


The evolution of credit cards in the Philippines reflects the nation's socio-economic growth and its citizens' adaptability. As the country sails through the digital age, credit cards remain an essential tool in the financial journey of many Filipinos. However, like any powerful tool, it demands respect and responsible use. By understanding its history, workings, and potential, Filipinos can harness the power of credit cards to pave the way for a brighter, financially secure future.

This article was updated on 6 september 2023