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Getting More Reward Points

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The credit industry in the Philippines is at an all time high. Issuing banks are competing for your attention, and to get noticed, they have come up with different “rewards” schemes that give you everything from free movie tickets to free flights. As a consumer, you can take advantage of this and get more rewards points. Here are some tips:

  1. Choose the rewards card that is most useful to you. If you don’t travel frequently, for example, you have no use for a card that gives you airline miles. Be realistic and examine what kind of points are more practical for your current lifestyle. If you often do groceries, for instance, you may get more out of credit cards that give you extra points when you shop in certain supermarkets like SM or Rustan’s. If you are a bookworm, you may benefit more from a credit card that doubles your points whenever you shop in Fully Booked. If you eat out a lot, get a credit card that gives you free desserts or coffee in your favourite restaurants.
  2. Pay with your card, even if you have cash. If you are disciplined enough to handle your money, then go ahead and charge as much as you can on your card to get more reward points, BUT be sure to pay off the balance in full at the end of the month.

Do you have a friend who wants to make a substantial purchase with cash? Offer to pay for his/her purchase with your card, and he/she can just give you the money. This way, you get rewards for his purchase. Just be sure that you pay off the balance with the cash he gives you, or you’ll incur large interest charges.

3.   Carefully read the rewards system information the issuing bank gives you. You might be surprised at how many points you can earn just by knowing which merchants / shops are affiliated with your credit card company. For instance, you can get more points by simply getting your gas from Petron instead of Shell. You may even get more points if you pay before the due date.

Featured Credit Cards:

My Dream JCB


  • LOWEST annual fee of just Php800, compare and find out
  • Interest rate of only 2.75% per month
  • Cash advance of up to 2.5% of their account or Php500 whichever is higher.

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!

RCBC Bankard Diamond Card


  • Finance Charge: 2.75 %
  • Balance Transfer Rate: 1.488% (6months)
  • Annual fee of only Php2,500
  • Cash advance service fee 300% or 5%, whichever is higher



  • Avail of an Annual Membership fee that is absolutely FREE for the first year! Spend Php300000 per year and you get it FREE FOR A LIFETIME!
  • Enjoy a flexible credit limit where you can access anywhere you may be and use it on your own terms!
  • Purchase anything you want, anywhere you are and avail of the Dual Currency Feature!
  • Get Cash Advance Service of up to 50% of your credit limit during emergencies!
  • Enjoy worldwide recognition and acceptance with your BDO Titanium MasterCard on over 20 million territories and locations wherever MasterCard is accepted!
  • Relish on affordable Installment Plans that are exclusive only for BDO MasterCard Titanium cardholders!
  • Share your purchasing power for up to six times!
  • Travel anywhere you want and be at ease with the BDO Titanium MasterCard as it gives you Php20000000
  • Get 24/7 Concierge Service anywhere you are!

Featured Articles:

Should you let your kid have his own credit card?

Fact: there is already an increase of teens and college students who have their own credit cards. Credit card companies now aim on the two groups since they are the ones who spend more money than adults.

Educate your child on how to manage spending with a credit card. Parents an even use instances in the present state of affairs as an example to discuss to kids the pros and cons of credit cards.

Smaller credit limits are usual with these types of cards and while it may be easy to apply for one, credit card companies charge large interest rates and fees to the teenage credit card holders.

People who are below 18 are not legitimate in obtaining credit cards without the consent of their parents. Unfortunately, some kids fill out forms and receive credit cards without the knowledge of their parents. To avoid this, talk to them and help them realize the importance of beginning a solid credit history with their first card. Emphasize that it is of utmost importance to their future.

As a parent, start by reading the guidelines with your child. Make sure you call to attention all the terms written on the fine print. Avoid coming to the rescue if the bills get way out of control. This will teach him to be responsible in handling his money. A credit card spent by a teenager and paid by his parents initiates bad credit habits

Let the child bear in mind that his credit card sho uld be used in emergencies only. Monitor ALL his spending activities. Some credit cards even allow the parents to create their own credit limit for the supplementary cards. This is very logical especially if you are too busy with your career.

Parents can help their kids spend sensibly with the correct use of credit cards. At this early stage, it is better to prepare them in the reality of life by teaching them not to abuse its benefits.