UnionBank Lazada Mastercard Rewards Card Review 2021


Heads up to all the shopaholics and points collectors out there! UnionBank Lazada rewards card gives you access to great deals, discounts, and promos when you shop online. Get more points and save more from monthly double-digit shopping deals like 5.5 and 6.6 and payday sales on Lazada, Shopee, and other online stores.

This article will walk you through the UnionBank Lazada Mastercard key features, benefits, how to redeem points, and more. So, let’s get started, shall we?

Annual Fee
  • Waived annual fee for the first year
  • P3,000 for principal cardholder 
  • P1,500 for supplementary cardholder
Minimum Annual Income
  • P360,00
Monthly Interest Rate 
  • 2.00%
Cash Advance Fee
  • P200 flat fee
Late Payment Fee
  • PHP750
Overlimit Fee
  • PHP500 if the card account is overlimit on the cut-off date
Card Replacement Fee
  • P400
Card Network
  • Mastercard

How does UnionBank Lazada Mastercard work?

The UnionBank Lazada Mastercard offers cardholders 6x Lazada credits for every P200 spend at Lazada, LazMall, and Lazada’s strategic merchants. It has a physical card and a virtual card that you can manage on UnionBank mobile app. As a result, you can transact conveniently online without bringing the card with you.

This credit card has a contactless payment feature and offers a paperless electronic statement of account straight to your email address. The minimum annual income requirement is P360,000 with a yearly fee of P3,000, and the first year is automatically waived.

What are the other features of the UnionBank Lazada Mastercard?

Aside from the 6X Lazada credits, you still earn credits whenever you use this card on other online stores and on-site retail stores. For successful transactions at other merchants, you earn 1X Lazada credit for every P200.

Reward Points to Redeem Website
P200 P6 Lazada wallet credits Lazada, LazMall, and other merchant partners
P200 P1 Lazada wallet credit Other online stores and transactions

If you are a newly approved credit cardholder, you have a welcome gift of P5,000 worth of Lazada wallet credits. You are entitled to receive this if you use the card within 60 days from its approval for a single or accumulated retail spend of P20,000 at Lazada. Bills payment, recurring bills, and non-Lazada related purchases are not considered for earning credits.

Other shopping benefits you will enjoy are the free P50 monthly shipping voucher, free P250 discount vouchers for five Lazada sales all year round, exclusive discounts from LazMall sellers, and access to the latest Lazada sales.

Redeeming your Lazada credits is super easy. You should register and log in to UnionBank mobile app and transfer those credits to your active Lazada wallet.

Other options to UnionBank Lazada Mastercard

Not satisfied with UnionBank Lazada Mastercard offers? Well, we thought you’d find these options helpful. If you want to apply for a rewards credit card, you might want to explore Citibank, HSBC, and Security Bank cards.

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

You earn 1 reward point for every P30 spend with the Citibank rewards card. It is also a shopper’s delight because you earn 3X points when you spend it on shopping, dining, and booking flight tickets on Cebu Pacific.

Use your rewards points to pay merchants that accept Citi points. Citibank is generous in giving a welcome gift to new credit cardholders — as of this time of writing, if you apply for a Citi Rewards Card, your annual fee is waived for life.

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

HSBC Red Mastercard lets you earn 1 reward point for every P20 spend, and if you use this card for shopping and dining transactions, you earn 4X rewards points with its Accelerated Rewards program.

Earn 4X bonus points for your online and offline purchases, dining, and transactions overseas. HSBC also lets you trade your rewards points for gift certificates and air miles. Use your accumulated rewards to redeem Lazada and Zalora gift certificates. If you apply from now, you get a P2,500 cash rebate as your welcome gift.

Security Bank Classic Rewards Mastercard (P20 = 1 reward point)

Security Bank Classic Rewards card is an entry-level credit card ideal for people who want to earn points from their transactions, regardless of the spending category. You earn 1 reward point for every P20, and those accumulated points can be used to redeem air miles, gift certificates, or waive the annual fee.

The rewards points don’t expire, so you can collect as many points as you like and then exchange them for gift certificates worth P500, P1,000, or more. If you’re feeling generous, you may also donate your points to charitable organizations like Philippine Red Cross, Bantay Bata 163, and World Vision.

Final Thoughts

UnionBank Lazada Mastercard rewards card is for folks who love to save more by earning points and transferring them to Lazada wallet. The 6X Lazada credits and exclusive deals you earn are enticing for anyone who regularly shops online — but again, everything else is within the ecosystem of Lazada. Use this card to earn points and use those credits to shop again. It’s simple as that.

However, suppose you’re looking for a functional credit card that lets you earn points in different spending categories and merchants. In that case, you are better off with other options like Citi Rewards Mastercard or HSBC Red Mastercard.

What do you think of this card? Do you think it will help you save more or spend more when you shop online? Let us know in the comments below.