College in the Philippines is a whirlwind of textbooks, late-night study sessions, and ramen-fueled adventures. But managing finances on top of it all? That’s another beast altogether. Enter the humble student credit cards – a powerful tool to build credit history, earn cool rewards, and level up your financial game. But with so many options out there, choosing the right one can feel like a quest for the Holy Grail. Fear not, young Padawan, for this blog is your ultimate guide to the top 5 student credit cards in the Philippines!
Best student credit cards in Philippines
Here are the top student credit cards in Philippines for 2024, based on factors like price, coverage, customer service, and ratings:
5. Metrobank M Free Mastercard:
Pros: No annual fee forever, easy online application, no minimum income requirement.
Cons: No rewards program, lower credit limit compared to others.
Price: No annual fee.
Website: https://www.metrobank.com.ph/cards/credit-cards
4. RCBC InstaCard:
Pros: Instant approval upon activation, no annual fee the first year, exclusive student discounts and promos.
Cons: Requires co-signer (parent or guardian), lower credit limit compared to others.
Price: Annual fee ₱500 (waived first year).
Website: https://rcbccredit.com/
3. BPI Amore Visa Classic:
Pros: 0.5% cash back on all purchases, free movie tickets and discounts, travel insurance.
Cons: Annual fee (₱800 first year, ₱500 succeeding years), higher minimum income requirement.
Price: Annual fee ₱800 (first year), ₱500 (succeeding years), minimum income ₱15,000.
Website: https://www.denvermart.com/can-you-use-your-american-express-card-in-the-philippines/
2. Security Bank Fast Track Secured Credit Card:
Pros: No annual fee, rewards points program redeemable for gadgets, travel insurance, builds credit history quickly.
Cons: Requires a deposit (₱15,000), lower credit limit compared to unsecured cards.
Price: No annual fee, ₱15,000 minimum deposit.
Website: https://www.securitybank.com/personal/credit-cards/fast-track-secured-credit-card/
1. UnionBank Mastercard Rewards:
Pros: Up to 5% cash back on groceries, dining, and online shopping, no annual fee for life, free travel insurance, high credit limit for responsible spenders.
Cons: Higher minimum income requirement (₱20,000).
Price: No annual fee, minimum income ₱20,000.
Website: https://www.unionbankph.com/unionbank-mastercard
Remember, young Padawan:
- Use your card wisely: Treat it like an extension of your budget, not a free ticket to ramen-fueled splurges.
- Pay your bills on time: Late payments are the dark side of the credit card force.
- Choose the card that fits your needs: Don’t chase rewards you won’t use. Focus on building a responsible credit history first.
With this wisdom in your pocket, you’re ready to choose the best student credit card in the Philippines and embark on your financial Jedi journey! May the rewards and responsible spending be with you!
| Card Name | Pros | Cons | Annual Fee | Minimum Deposit | Minimum Income | Website |
|---|---|---|---|---|---|---|
| UnionBank Mastercard Rewards | Up to 5% cash back, no annual fee, travel insurance, high credit limit | Higher minimum income requirement | None | None | ₱20,000 | https://www.unionbankph.com/unionbank-mastercard: https://www.unionbankph.com/unionbank-mastercard |
| Security Bank Fast Track Secured Credit Card | No annual fee, rewards points, travel insurance, builds credit quickly | Requires deposit, lower credit limit | None | ₱15,000 | None | https://www.securitybank.com/personal/credit-cards/fast-track-secured-credit-card/: https://www.securitybank.com/personal/credit-cards/fast-track-secured-credit-card/ |
| BPI Amore Visa Classic | 0.5% cash back, movie tickets, discounts, travel insurance | Annual fee, higher minimum income | ₱800 (first year), ₱500 (succeeding years) | None | ₱15,000 | https://www.denvermart.com/can-you-use-your-american-express-card-in-the-philippines/: https://www.denvermart.com/can-you-use-your-american-express-card-in-the-philippines/ |
| RCBC InstaCard | Instant approval, no annual fee first year, student discounts | Requires co-signer, lower credit limit | ₱500 (waived first year) | None | None | https://rcbccredit.com/: https://rcbccredit.com/ |
| Metrobank M Free Mastercard | No annual fee, easy application, no minimum income | No rewards, lower credit limit | None | None | None | https://www.metrobank.com.ph/cards/credit-cards: https://www.metrobank.com.ph/cards/credit-cards |
Disclaimer: This blog is for informational purposes only and does not constitute financial advice. Always conduct your own research and consult with a financial professional before applying for any credit card