Tired of calling customer support every year to request for a waiver of your credit card annual fees? Don’t worry, because these credit cards with no annual fees will spare you from the frustration.
We have listed down credit cards from AUB, Bank of Commerce, BDO, China Bank, and Citibank, just to name a few.
But before you get excited, make sure you’re eligible to apply for a credit card and have the requirements ready.
Credit cards with no annual fees at a glance
|Credit Card||Minimum Annual Income||Monthly Interest Rate|
|AUB Classic Mastercard||P252,000||3.50%|
|AUB Easy Mastercard||P252,000||3.50%|
|AUB Gold Mastercard||P600,000||3.50%|
|AUB Platinum Mastercard||P1,200,000||3.50%|
|Bank of Commerce Mastercard Platinum||P1,200,000||2.95%|
|BDO Gold Mastercard *||P420,000||3.25%|
|China Bank Freedom Mastercard||P500,000||3.50%|
|Citi Rewards Mastercard **||
|EastWest Platinum Mastercard||P1,200,000||2.75%|
|HSBC Gold Visa Cashback||P200,000||3.50%|
|HSBC Red Mastercard||P200,000||3.50%|
|HSBC Platinum Visa||P500,000||3.50%|
|Metrobank M Free Mastercard||P180,000||3.50%|
|PNB-The Travel Club Platinum Mastercard||P480,000||3.25%|
* Enjoy the automatic annual membership fee waiver with BDO Gold Mastercard if you meet the minimum spending of P300,000 per year.
** Citi Rewards Mastercard offers an annual membership free for life for new credit card applications from now until July 31, 2020.
AUB Mastercard (all credit cards)
AUB (Asia United Bank) offers four types of Mastercard credit cards with flexible payment terms. You also get rewards points for every P20 you spend.
Enjoy great deals on shopping, dining, travel, entertainment, and more. All of these AUB Mastercard credit cards have waived annual fees for life.
AUB Classic Mastercard and AUB Easy Mastercard key features
- Choose how many times to pay per month (1x a month, 2x a month, or weekly)
- Choose exactly when to pay your due date
- Choose how much to pay
You decide how much you pay for your minimum amount due. But if you pay less than the total amount due, you incur interest and other charges.
AUB Gold and Platinum Mastercard key features
For Gold and Platinum Mastercard, you can choose your due date to fall on the 15th or 30th of the month, or on your exact payday.
You can also transfer your rewards points to Mabuhay Miles Frequent Flyer Program and enjoy complimentary airport lounge access whenever you travel.
There’s also an option to link your AUB credit card to Alipay for your payment transactions in China.
If you’re feeling generous, you can also buy e-gifts for family and friends.
Supplementary cards have waived annual fees for life.
For new AUB credit cardholders, there are no interest charges on new purchases.
To compare each card, you can also read MoneySmart’s review on the Best AUB Credit Cards in the Philippines.
Bank of Commerce Mastercard Platinum
Bank of Commerce Mastercard Platinum offers one of the lowest monthly interest rates in the market at 2.95% and a waived annual membership fee for life.
However, the minimum annual income requirement is P1,200,000.
You earn 1 reward point for every P25 you spend, plus get 5x rewards points if you use your card at selected dining and shopping establishments. Redeem GetGo points using your rewards points.
The Mastercard Platinum is perfect for travelers and shoppers who want to take advantage of the perks and privileges when traveling overseas.
It has dual currency billing to cover both local and overseas transactions in Philippine Peso and US Dollars.
The Mastercard Platinum also offers up to 2 million pesos in travel insurance, medical expenses, and inconvenience benefits whenever you use your card to book airline tickets and travel abroad.
BDO Gold Mastercard
As BDO put it, the Gold Mastercard is “the card that fulfills your lifestyle upgrades.”
Enjoy the annual membership fee waiver if you spend at least P300,000 per year as a principal cardholder. BDO Gold Mastercard requires a minimum amount of annual spending to earn the waived fee. If your expenses exceed the required minimum amount of spending every year, you can save P2,400 in annual fees.
The monthly interest rate is 3.25%, and you can use the EasyPay Installment to purchase appliances, gadgets, or furniture. Avail flexible payment terms of 3, 6, 9, 12, 18, 24, and 36 monthly installments for a minimum purchase of P3,000 in a single receipt.
If you’re not satisfied with BDO Gold Mastercard’s features, you may also check other BDO credit cards.
- BDO Gold UnionPay – MoneySmart Review 2019
- BDO Visa Gold – MoneySmart Review 2019
- BDO Forever 21 Mastercard – MoneySmart Review 2019
China Bank Freedom Mastercard
Enjoy waived membership fees for life with the China Bank Freedom Mastercard for principal or supplementary cardholders.
Earn 1 reward point for every P20 you spend. And if you feel like travelling or shopping, you may exchange your accumulated rewards points for Cash Rewards or Mabuhay Miles.
China Bank Freedom offers a monthly interest rate of 3.50%. You can also avail of installment programs, like 0% merchant installment (minimum purchase of P3,000 in a single receipt), balance transfer, and transaction conversion available for principal cardholders.
Your credit card transactions are interest-free if you settle your statement balance in full or on or before the payment due date.
You may also check the following China Bank credit cards we have reviewed previously:
- Best China Bank Credit Cards Philippines Review (2019)
- China Bank Platinum Mastercard – MoneySmart Review 2019
- China Bank Prime Mastercard Review (2019) – Rewards Card for Day-to-Day Spending
- China Bank Cash Rewards Credit Card Review 2019 – Get Rewarded with Your Daily Spend
Citibank credit cards (Citi Rewards Mastercard & Simplicity+)
Citi Rewards and Simplicity+ are the only Citibank credit cards offering waived annual membership fees for life.
Originally, the Citi Rewards card has an annual fee of P2,500, and the first year is waived. But it has an ongoing promo where you can get the annual membership free for life if you apply from now until 31 July 2020.
The Citi Simplicity+, on the other hand, comes with no annual fee for life. You also get 10% interest back if you settle your bill on or before its due date. It has no late payment and overlimit fees, too.
Both credit cards offer a monthly interest rate of 3.50%.
To explore the key features of these two cards, check out these MoneySmart reviews:
- Best Citibank Credit Cards in the Philippines – Credit Cards Review (2019)
- Citi Simplicity+ Card Review 2019 – No Annual Fee Card for Life
- Citi Rewards Card Review 2019 – Shopaholics Delightful Treats
Eastwest Bank Platinum Mastercard
Eastwest Bank Platinum Mastercard offers a free lifetime annual membership fee, unlocking more luxurious benefits, promos, and discounts from shopping to travelling and more.
The card is perfect for jetsetters or frequent travellers who enjoy special privileges from a roster of renowned establishments.
The key features of this card include free comprehensive travel, accident, and inconvenience insurance of up to P20 million.
Enjoy free priority pass membership and earn 1 Platinum Rewards point for every P40 you spend. Exchange your accumulated points for premium rewards from selected establishments and partners.
The Platinum Mastercard has the lowest monthly interest rate among the cards mentioned above at 2.75%.
But to enjoy Platinum rewards and benefits, you must have a minimum annual income of P1,200,000.
Looking for other Eastwest Bank credit cards? Check out these reviews below:
HSBC credit cards (Red Mastercard, Gold Visa & Platinum Visa)
If you apply for a new Red Mastercard, Gold Visa Cashback, or Platinum Visa, you can choose “Free Annual Fees for Life” as your free welcome gift.
Apply through HSBC’s online application to qualify for this promo.
The Red Mastercard offers up to 4x bonus points on your local and overseas shopping and dining transactions. Earn 1 Bonus Point for every P20 you spend using this card.
The Gold Visa Cashback, on the other hand, offers 5% cashback on dining transactions and 0.50% cashback on other spending categories.
The Platinum Visa offers both bonus points and air miles on top of travel perks and privileges.
Still undecided? You can read more about HSBC credit cards here:
- Best HSBC Credit Cards Philippines Review (2019)
- HSBC Advance Credit Card – MoneySmart Review 2019
- HSBC Premier Mastercard – MoneySmart Review 2019
- HSBC Gold Visa Cashback Review – When Food is Life (2019)
- HSBC Red Mastercard Review – Lifestyle Rewards Card with 4X Earning Points (2019)
Metrobank M Free Mastercard
Enjoy the benefits of having a credit card without paying the annual fee with Metrobank M Free Mastercard.
This card is ideal for online shopping. You can also avail the 0% instalment program for your big purchases which can accommodate 3, 6, 9,12,18, and 24 monthly installment terms.
If you want to learn more about other Metrobank credit cards available, check out these MoneySmart reviews:
- Best Metrobank/PSBank Credit Cards in the Philippines – Credit Card Reviews 2019
- Metrobank Femme Signature Visa – MoneySmart Review 2019
PNB-The Travel Club Platinum Mastercard
PNB-The Travel Club Platinum Mastercard offers a waived annual fee for life and 20% discount on all regular-priced The Travel Club house brands on your birthday.
For jetsetters, travellers, and adventure junkies, enjoy rewards points and Mabuhay Miles when you use this card whenever you shop, travel, or dine.
Other key features of this card include Card Protect where cardholders enjoy free travel insurance worth P3 million when you use the credit card to book roundtrip tickets.
You also enjoy Purchase Protection for items covered against accidental damage and theft within 90 days from the date of purchase.
Also earn 1 reward point for every P40 you spend at The Travel Club. For purchases elsewhere, earn 1 reward point for every P70 you spend.
Once you accumulate points, you can redeem Mabuhay Miles (1 point + 1 mile) or Cash Credits (4 points = P1.00).
Which of these credit cards with no annual fee is for you?
If you’re a new credit cardholder, it’s best to apply for a credit card that matches your financial capacity and spending habits.
The Metrobank M Free Mastercard, Citi Rewards, Citi Simplicity+, HSBC Red Mastercard, and HSBC Gold Visa Cashback have low annual income requirements, ranging from P180,000 to P200,000.
But the Platinum cards offer more benefits and exciting promos compared to the others.
Let us know which of these credit cards with no annual fee is worth having in your wallet. Drop us a comment below!