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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:

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!

RCBC Bankard JCB Credit Card


  • Worldwide Acceptance in more than 180 countries on all major establishments
  • Shop, dine and travel anywhere and pay in any currency required
  • Convert your outstanding balance to your new RCBC Bankard JCB Credit Card.
  • Enjoy 24/7 customer service wherever you are.
  • Get as much as 30% of your credit limit anywhere you may be!

BPI Credit Card – PETRON MasterCard


  • Pay an annual fee of Php1550 for your primary card. Plus you get FREE Php200 worth of fuel once you receive your Petron-BPI MasterCard!
  • Get FREE Full Tank every year with its 3% fuel rebate!
  • Avail of a finance charge of just 3.4%
  • Get 24-hour Roadside Assistance and Towing Service wherever and whenever you need it!
  • Relish on very exclusive privileges and discounts on car dealerships and car accessory merchants only with your Petron-BPI MasterCard!

HSBC Classic and Gold Credit Card


  • No worries with your annual fees because the initial year will be for free for both the primary and supplementary card holders.
  • Get 1 Rewards point for every Php10 you make!
  • Pay less as you buy more with HIP!
  • Need assistance at the middle of the night? Relax as HSBC Classic and Gold Credit Card has 24/7 customer service ready to help you with everything you need.

Featured Articles:


With all the offers you get form credit card companies, you may feel a little overwhelmed about what kind of credit card suits you best. Here, at, have a few tips for you in choosing the appropriate credit card for you before you say the big “yes” to any credit card company or get carried away with solicitations over the phone or via mail.

Find out your basic goals. Ask yourself; Why do I need a credit card? You can’t just go and apply for a credit card just to be “in” with another crowd.

Next, determine how much you are prepared to pay for the annual fees and how much you plan to spend every month. This will help you start selecting a credit card that is within your budget.

Now do the research. Go to online resources (like to find out everything you need. If you have free time, drop by at the banks to inquire personally about all the things you need to find out. These should include the following:

  • The annual fee
  • Required minimum period
  • Finance charges
  • The credit card issuer providing the credit line and its size
  • The extension period (interest free days) before the payment should be made.

Review all the credit cards your have researched. Base your choice of credit card to the one that bests suits your lifestyle and personality. Always remember to choose the credit card that proposes the BEST DEAL for you. For example, don’t go for a credit that offers you free miles if you don’t have any plans of traveling abroad! Get the point?

Now that you know what to do, start looking up your resources and find out the best credit card suited for you.