12 Best Cashback Credit Cards in the Philippines (2019)

best cashback credit cards in the philippines

Excited about how much cash you can get from a cashback credit card? Before you get your hopes up, better read about how cashback credit cards work.

If you don’t like going through the long lists of rewards in rewards brochures or doing the math for air miles, this article can be a helpful guide for you. After all, money doesn’t grow on trees, and cash rebates that you can get can help pay for other more important things.

Explore and compare these cashback credit cards and see which one fits your spending habits. Keep in mind that some of them have higher minimum annual income requirements. Make sure you check your eligibility before applying for one, too.

12 best cashback credit cards in the Philippines you should check

Here’s a quick summary of cashback credit cards in the Philippines recommended for different types of spending.

Recommended for Best cashback credit cards
Day-to-day spending Citi Cashback Card; EastWest EveryDay Titanium Mastercard; Mercury Drug Citi Card; RCBC Bankard HBC Mastercard; RCBC Bankard The Landmark Anson’s Mastercard; Security Bank Complete Cashback; Shell Citi Card; UnionBank Gold Mastercard Cashback
Shopping (online and in-store) RCBC Bankard Fully Booked Mastercard, BDO Amex Cashback; Maybank Platinum Mastercard/Visa; Eastwest Bank Platinum Visa
Dining & going out HSBC Gold Visa Cashback Card; Eastwest Bank Platinum Visa

How do cashback credit cards in the Philippines work?

Don’t get too excited about that P12,000 cash rebate you can get every year. It’s definitely enticing, but remember that banks aren’t charities, either.

Be moneysmart and look into the T&Cs of the banks. Banks have minimum spend requirements and maximum cashback caps. These two can be found under the T&Cs but often get overlooked.

You need to have a budget and be consistent with your expenses so you won’t overspend to hit those tier bonuses.

The logic is simple. Cashback credit cards give you rewards for your purchases in the form of cash rebates. The more you spend using the cashback credit card, the more cash rebates you get.

If you spend at least P10,000, you get a 5% cash rebate. That’s P500, equivalent to 4 to 5 milk teas already.

But oftentimes, cash rebates are only credited to your card on the next billing cycle.

Cash rebates are an effective discount off your credit card bill, but T&Cs vary for each bank. Most banks don’t offer cash rebates to be converted into cash vouchers, but you can always check the T&Cs first.

Make sure to read up on these two restrictions:

  • The minimum spend – the amount you need to spend to qualify for a cash rebate
  • The maximum cap – the amount of cash rebate you can get per month or per year

Best cashback credit card for day-to-day spending

Cashback Card Cash Rebate Restrictions
Citi Cashback Card Up to 6% on supermarket; Up to 2% on Meralco bills paid via Citi One Bill; 0.20% on all other spending categories Spend at least P10,000 per month on other spending categories (fuel, medicine, dining bills) to enjoy the maximum rebates; P1,000 maximum cap per statement month
Shell Citi Card Up to 5% on Shell fuel purchases; up to 5% on NLEX/SLEX toll fees, 5% rebate on auto repairs, accessories, and services nationwide; Spend at least P10,00 per billing cycle on other spending categories aside from NLEX/SLEX toll (dining, medicine, supermarket, shopping) to enjoy the cash rebates
Mercury Drug Citi Card Up to 10% rebate on Mercury Drug transactions;

Up 10% rebate on hospital bills (with participating hospitals and partners); 0.25% on all other spending categories

Spend at least P10,00 per billing cycle on other spending categories aside Mercury Drug stores purchases (dining, fuel, supermarket, shopping) to enjoy up to 10% cash rebate; P800 maximum cap per billing cycle
EastWest EveryDay Titanium Mastercard Up to 5% cash rebate on essentials such as supermarket, gas, and drugstore purchases. Spend at least P10,000 on other spending categories considered as non-essentials (hotel accommodation, dining, shopping like clothes, shoes at department stores) per billing cycle to earn the cash rebates
RCBC Bankard HBC Mastercard Up to 10% cash rebate for purchases on HBC stores Minimum spend of P10,000; Retail transactions outside of HBC stores earn a standard rebate of 0.25%; no annual maximum cap to earn rebates
RCBC Bankard The Landmark Anson’s Mastercard 5% Rebate on your spend at Landmark Department Store, Landmark Supermarket and Anson’s Enjoy the rebate if you shop Mondays-Fridays only; must be a one-time charge purchase to your credit card as a single receipt; for Anson’s purchases, the maximum purchase of single receipt is P3,000; no annual maximum cap to earn rebates 
Security Bank Complete Cashback 5% on groceries; 4% on fuel, 3% on utilities, 2% on dining; 1% on shopping Applicable to local retail purchases and/or transactions; P1,000 maximum cap per statement month
UnionBank Gold Mastercard Cashback 1.5% on all purchases  Not indicated; not disclosed on the website. 

Looking at this list and picking one cashback credit card can be overwhelming. What they usually have in common is that you need to spend on other categories to earn cash rebates.

Citi Cashback Card offers rebates on supermarket purchases and Meralco bill payments. But you still need to use the card on other spending categories like dining, fuel, and medical bills. A combination of purchases over P10,000 earns you the corresponding cash rebates.

Citi cashback cards like Mercury Drug Citi and Shell Citi have similar T&Cs. But if you’re spending as a motorist, you also need to check if you’re spending at least P10,000 per billing cycle to be eligible for the 5% cash rebates.

The Security Bank Complete Cashback credit card covers almost all the common spending categories. It has a specific cash rebate for each category.

But there’s a caveat. The rebates are only applicable to local retail purchases or transactions. And this is where the EastWest EveryDay Titanium Mastercard gets an edge.

You earn cash rebates on both local and international transactions. For any hard working professional who likes to shop, dine, or travel, this cashback card will certainly come handy.

If you’re a heavy spender, the UnionBank Gold Mastercard cashback credit card earns you 1.5% rebate on any type of spending.

Best cashback credit card for shopping (online and in-store)

Cashback Card Cash Rebate Restrictions
RCBC Bankard Fully Booked Mastercard 10% rebate at Fully Booked stores; 0.25% rebates for transactions outside Fully Booked stores You need to spend at least P20,000 per month on other spending categories (fuel, medicine, dining bills) to enjoy the maximum rebates at Fully Booked stores; P1,000 maximum cap per statement month
BDO Amex Cashback Card 1% cashback on your local purchases and 2% cashback on your overseas purchases No minimum cap, no rebate cap
Maybank Platinum Mastercard/Visa 1% rebate on overseas purchases Php 12,000 cap on retail transactions
EastWest Visa Platinum Up to 3% cash rewards; 0.3% cash rewards on other establishments The transaction must be a single receipt; charge to the card as a single purchase at department stores and dining establishments

BDO Amex Cashback Card has one of the most enticing offers among all the local cashback credit cards for shopping.

With no minimum cap and rebate cap on spending, it’s a credit card worth having and keeping. Although it has a lower rate for rebates, you can use it for travelling and for your online/in-store purchases overseas.

EastWest Visa Platinum also offers cash rewards. But the caveat is that you need to have a single-receipt transaction charged to your card. For example, if you spend P12,000 and charge it as a single-receipt transaction at affiliated department stores, you earn P360 cash rewards.

Or if you spend P12,000 on a family buffet at any merchant partners, you also earn rebates.

Best cashback credit card for dining and going out

Cashback Card Cash Rebate Restrictions
HSBC Gold Visa Cashback 5% cashback on dining transactions; 1% on back-to-school transactions and overseas purchases; 0.5% on other transactions  P1,200 maximum cap per statement month
EastWest Visa Platinum Up to 3% cash rewards; 0.3% cash rewards on other establishments The transaction must be a single receipt; charge to the card as a single purchase

HSBC Gold Visa Cashback and EastWest Visa Platinum offer up to 5% cashback rebates for dining. If you’re always on the go and prefer dining outside, these cards are a must-have.

Just make sure that you dine at partner restaurants so you can enjoy the maximum cash rebates.

Which cashback credit card should you get?

Categorising these cashback credit cards based on your spending habits will help you decide which one you should get.

It’s also good to note that most of these credit cards have waived annual fees for the first year.

For your everyday spending, shopping, and dining, there’s a cashback credit card that’s just right for you. If you’re looking for one that does not have a minimum spend requirement and rebate cap, check out the BDO Amex cashback credit card.

RCBC Bankard HBC Mastercard and The Landmark Anson’s don’t have an annual maximum cap. But according to their T&Cs, RCBC may set a maximum cap should they deem it necessary.

If you don’t mind doing a little bit of math every month to earn cash rebates, go for a cashback credit card. If not, you can try exploring rewards or air miles credit cards in the Philippines as well.