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Annual Fee
Interest Rate

All the Fees

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A significant portion of the income generated by credit card issuing banks comes from all the fees charged to you, the cardholder. Banks are legally obliged to give you a detailed explanation of all these fees once you sign up. Here’s a summary of the most common credit card fees imposed on Filipino borrowers, based on Citibank:

  1. Annual membership fee. This varies depending on the bank and your credit limit. Generally, the higher the limit, the higher the membership fee tends to be. For instance, the current annual membership for a Classic Citibank Visa/MasterCard is P1,500, but for a Platinum Visa, you can expect to pay P5,000.
  2. Supplementary card fee. If you would like to give your parents, spouse, or kids a supplementary card so that they, too, can use your credit line, you need to pay anywhere from P750 to P2,500 to Citibank, depending on the kind of card you have.
  3. Monthly Late Charge. Again, this varies from bank to bank. If Citibank is a good benchmark, then you can expect to pay a minimum of P500 or 6% percentage of your minimum amount due (whichever is higher) every time you fail to pay on time.
  4. Monthly interest rate. The higher your credit limit, the lower the interest. For a Classic Citibank Visa, the prevailing charge is 3.5% a month, bit for Platinum, it’s only 2.5%.
  5. Overlimit fees. If you end up owing more than your limit (because of interest) by statement date, you incur about P500 in overlimit fees.
  6. Card replacement fee. In case you lose your card because of carelessness or theft, you pay a certain amount for replacement. Citibank charges P400.
  7. Payment processing fee. If you pay your card more than four times a month, Citibank starts to charge a payment processing fee of P40.

These are just some of the most common fees associated with having and maintaining a credit card. Your bank may also charge you pre-termination or cancellation handling fees, sales slip retrieval fees, and even rewards handling fees.

Be sure to read the fine print in the terms and conditions before you activate your card. If you have questions, call the customer service hotline right away. You may even be able to get them to waive some fees completely, especially if you have been a loyal client.

Featured Credit Cards:



  • Enjoy FREE membership for both your primary card and supplementary card for the initial year!
  • Earn rewards points on every Php50 worth of transactions on your BDO MasterCard Black!
  • Get special assistance whenever you travel with BDO Travel Desk!
  • Stay in the comfort of your homes and let BDO Black MasterCard do the payment of your monthly utility bills!
  • Supervise your finances with simplicity as you get lots of savings and discounts!
  • Avail of 24/7 customer service whenever you need it!

Unionbank Omni Pass


  • Pay an annual fee of just Php1500 for the primary card!
  • Transfer your old account to your new Union Bank OmniPass with just 1.25%!
  • Avail of Cash Advance service Fee of Php300 or 6%, whichever is higher!
  • Get Cash Advance rate of just 3.50%
  • Travel by sea or plane with the Union Bank OmniPass rewards!
  • Get loads of discounts and bonuses with every transaction charged with your Union Bank OmniPass!

EastWest Bank Practical Card


  • Enjoy the lowest finance monthly charge of 2.25%  to 2.75% for different purchases
  • Relax with the 24-hour Customer service hotline for EastWest Bank Cardholders.


Share your spending power to love ones for up to 9 times


  • Get cash advances of up to 50% of your credit limit!
  • Avail of the Flexible Membership Fee Payment Option that will allow you to choose how you want to pay your membership fee.
  • Get rewards points in every transaction made with EastWest Bank Practical card
  • Pay an annual fee of Php2000



  • Relish on a FREE annual membership for the first year!
  • Request for up to 6 supplementary cards for your loved ones and each card will get a FREE annual membership FOR LIFE!
  • Have the power of 2 currencies in just one card with the BDO MasterCard Platinum’s Dual Currency Feature!
  • Access your account anywhere you are and spend on your own terms! Have the assurance of a high credit limit that is available in both Philippine peso and US Dollar in just one card!
  • Avail up to 50% cash advance of your credit limit during any emergencies
  • Choose how to pay for your outstanding balance in the Minimum Payment Options!
  • Go and do anything you want with the BDO MasterCard Platinum and enjoy international recognition and acceptance in over 20 million locations wherever MasterCard is accepted!
  • Get very exclusive discounts on dining, shopping and travel with partner merchants!
  • Travel abroad with your love ones and be worry free with the Travel Accident and Inconvenience Insurance coverage of up to Php20000000!

Featured Articles:

Featured Article

Ever thought of getting a credit card but don’t know where to start? For majority of cardholders we know, credit cards are terrific tools that certainly have very great advantages.

We at have surveyed many customers and here is what came out…

Its very handy payment. That’s the big thing, right? You don’t have to worry about being robbed or something because you don’t have that big cash with you. Even if you’re just making small purchases, it’s a big help. Plus, the fact that we are in the on-line shopping age, it’s a total must have.

On the spot loans. When you’re short of cash, a credit card will be there to save you from the embarrassment of not being able to pay as it will help you make up for your purchase. To avoid any fees, just pay your balance in full.

You have no idea as to where you’re spending your money? People have the tendency to say they don’t know where half of their money went. With a credit card, you can easily track your purchases on your monthly payments. So if you think your wife spent too much for the month, check on your bill, who knows, it might even be you…

It’s easier to pay off. It’s easy to pay credit card bills. All you have to do is find an ATM with your checking or an easy account transfer. Good news is you don’t have to wait a month to pay it off. And guess what, some even lets cardholders pay their bills ONLINE. So say goodbye long lines; Hello to convenience!

You get rewards.

Every time you make transactions you earn point or “rewards” that you can exchange for either gift checks, vouchers, exclusive items or maybe the cash back system. We’re not saying that you use your credit card non-stop to avail of these, but as a matter of fact, it is a nice bonus.

Very exclusive deals. How would you spell exclusive? Its “c-r-e-d-i-t-c-a-r-d”. Why? Because you get a lot of high class services that are only available for those people who hold the cards. Sometimes its discounts on products, dining and traveling first class. Remember the times when you really wanted to buy something and you were able to buy it because of the discount my credit card was able to give me.

We can go on and on with these, but nothing is really important than learning it by experience. Everything has its ups and downs. It’s up to you, as the card holder, to become responsible in how you manage your money. Look into the bigger picture of how credit cards make life easier and who knows you might just even love it. Just be responsible and a word of advice, pay your dues on time, all the time…