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Credit Card Interest Rates in the Philippines

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There are many things to keep in mind when choosing the right credit card. Whether you are just applying for your first piece of plastic or contemplating on a second one, it is best to ask yourself some important questions to get the most out of your application.

The Kind of Credit Card You Want

There are different types of credit cards that you can avail of, and it is best to weigh the pros and cons of each before deciding on the best card that would suit your lifestyle and your purpose for getting one. If you intend to pay balances in full at the end of each moth, then a charge card is the best choice. If you need something for balance transfers, then look among credit cards with low rates on such transactions. A card with low interest rates is ideal for someone who plans on carrying a balance from one billing period to another.

The Annual Percentage Rate

The APR or the annual percentage rate is also important, as it applies to the balances that are carried beyond the allowed grace period. The higher the rate is, the higher the finance charge will also be. It is also better to get a credit card scheme with a longer grace period, so you won’t incur as much cost when you miss a payment.

The Applied Fees

There are also various kinds of fees that are incurred, including late fees, over the limit fees, annual fees, and others. It is best to assess the amount of these kinds of fees to avoid great costs on your monthly bill.

The Credit Limit

Your credit limit is also an important factor, as it determines your purchasing power. A low credit limit is ideal for someone who is just starting out, to familiarize himself with responsible handling and payment habits.

Comparing credit interest rates is also a wise move, especially when you want to get the best deal on the platter. There are many online sites and services that you can look into to help you with your decision when it comes to interest rates. These sites offer comprehensive listings and comparisons on every credit card type there is in the country, their finance charges, cash advances, annual fees, balance transfer rates, interest free dates, and things of the like.

Featured Credit Cards:



<li><span style="font-size: x-small;">Pay an annual fee of Php1500</span></li>
<li><span style="font-size: x-small;">Transfer your balance with just 1.25% to your new account</span></li>
<li><span style="font-size: x-small;">Avail of cash advance of up to 3.50%&nbsp;&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;</span></li>
<li><span style="font-size: 15px; line-height: 17px;"><span style="font-size: x-small;">Get finance charge of 3.50%</span></span></li>



<li>Finance charge of only 3.50% per month</li>
<li>Cash advance of 5% or Php300 whichever is higher</li>
<li>For transactions done in foreign currencies, pay only a conversion fee of 2.50%</li>
<li>&nbsp;Pay an annual fee of just Php1600</li>

Metrobank M Lite MasterCard


  • Pay an annual fee of just Php1400
  • Take advantage of Finance Charge Rate of just 2.49%!
  • Transfer your balance to your new Metrobank M Lite MasterCard with just 0.79%

RCBC Bankard MasterCard


  • Do anything you want, anywhere you want in any currency you want and pay them when your back home
  • Gain cash with RCBC Bankard MasterCard because it allows you as much as 30% of your credit limit.
  • Keep your mind at ease with 24/7 customer service anywhere from 20 countries in the globe

Featured Articles:

Featured Article 3

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…