Metrobank Rewards Plus Visa Card – MoneySmart Review 2021

Metrobank Rewards Plus Visa Card MoneySmart Review 2021

Looking for a rewards card for more points? Here comes the Metrobank Rewards Plus Visa card that offers double (2x) rewards points whenever you spend on gadgets, transportation, telecommunications, and online purchases.

Whether you are a first-time credit card holder or you are considering applying for a second card, this article will provide you with all the information you need about Metrobank Rewards Plus Visa card, including its features, how it works, and other perks you get from using it. Let’s get started.

Table of Contents
Metrobank Rewards Plus Visa key features
How does Metrobank Rewards Plus Visa work?
What are the other features of Metrobank Rewards Plus Visa?
Other options to Metrobank Rewards Plus Visa
Final thoughts

Metrobank Rewards Plus Visa key features

Annual Fee
  • Waived annual fee for the first year
  • P2,500 for principal cardholder
  • P1,500 for supplementary cardholder
Minimum Annual Income
  • P350,00
Monthly Interest Rate 
  • 2.00%
Cash Advance Fee
  • P600 or 3.75%, whichever is higher
Late Payment Fee
  • PHP850
Overlimit Fee
  • PHP750 per occurrence
Card Replacement Fee
  • P400
Card Network
  • Visa

How does Metrobank Rewards Plus Visa work?

Metrobank Rewards Plus Visa is a rewards card that lets you earn double points in specific spending categories. You earn 2x rewards points when you use it on your Grab transactions, electronics and gadgets purchases, telecommunication, and online shopping.

Its terms and conditions are pretty straightforward, where you earn double points as long as you spend in those categories. If you regularly Grab services and shop online, this is useful for everyday transactions.

One (1) rewards point is equivalent to P20 you spend on other categories, and once you have accumulated the points, you can redeem free flights, hotel stays, and other rewards, which you can choose from the Rewards Catalog.

If you plan to apply for this card, make sure you meet the minimum annual income requirement of P350,000. Additionally, the annual fee is P2,500, and if you have other family members who would like to be supplementary cardholders, you pay P1,500 for each account.

What are the other features of Metrobank Rewards Plus Visa?

Aside from the double points you get, this credit card also supports contactless payment, where you pay by tapping the card to any contactless-enabled card terminal. You don’t have to sign for your purchases if it’s worth P2,000 and below.

Get 0% installment if you need to pay for big-ticket items like appliances, electronics, tuition, hospital bills, travel expenses, and hotels from different merchants and retailers. Choose a payment term of 3, 6, 9, 12, 18, and 24 from the installment plan.

You may also use this card to pay your bills and opt-in for a balance transfer from your previous credit card to enjoy low-interest rates. On top of that, in case you are running out of cash, the Cash2Go option lets you withdraw some money in advance effortlessly.

To ensure your credit card is protected from fraudulent transactions, it also features an embedded chip to keep credit card thefts and opportunists from cloning your card. In addition, you also get discounts, gifts, and fantastic deals if you swipe the card at M Here partners and stores.

Other options to Metrobank Rewards Plus Visa

Not satisfied with what Metrobank Rewards Plus Visa has to offer? Don’t worry. We got you covered. Check out these other alternatives that provide similar (and more) benefits. Each card offers its own set of features and perks, so do your homework and find the one that best fits your needs.

Citi Bank Rewards Card (P30 = 1 rewards point, 3x points on shopping, dining, and booking flights)

The Citibank Rewards card is shoppers’ and travelers’ delight because it lets you earn 3X rewards points whenever you swipe the card for online shopping purchases, dining transactions, and flights on Cebu Pacific.

One (1) rewards point is equivalent to P30 you spend. Once you have accumulated your points, you can use Citi points to pay for purchases. Moreover, Citibank is generous when it comes to your welcome gift. As of this time of writing, your annual fee is waived for life if you apply now.

HSBC Red Mastercard (4x rewards point on shopping and dining)

Another option you might want to look at is HSBC Red Mastercard if most of your purchases are geared toward shopping and dining. One (1) rewards point is equivalent to P20 you spend.

When swiping your card in the shopping and dining categories, you earn 4x rewards points with the Accelerated Rewards program. But wait, there’s more! Redeem your points for gift certificates and airmiles as you wish. Aside from that, you earn 4x bonus points for your online and offline shopping, including your overseas transactions.

RCBC Bankard Flex Visa Rewards (2x rewards points with flexible categories)

Last but not least, if you like to earn points in different spending categories each month, then RCBC Bankard Flex Visa Rewards is an excellent option for Metrobank Rewards Plus Visa. Both offer your double rewards points, but RCBC gives you more flexibility to choose which spending categories you want to earn points for each billing cycle.

So, let’s say for this cycle, most of your spending is on dining and transportation. You can choose these two and then switch to other categories on your next cycle. RCBC offers a waived annual fee for life if you apply now as of this time of writing.

Final thoughts

The Metrobank Rewards Plus Visa card has quite a few features that make it an appealing option for those who want to earn rewards on their credit card spending. You can get more from your day-to-day purchases on Grab and online shopping with the points you make, and you can exchange the points for gift certificates and air miles.

If you’re looking for a new personal credit card, take a few minutes to compare the benefits of Metrobank Rewards Plus Visa against other cards mentioned above – we think they stack up nicely!

Are you delighted with what Metrobank Rewards Plus Visa has to offer? Which among the three other options do you think is much better? Let us know what you think in the comments below.