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High Priced Reward Cards

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Have you ever wondered if it’s worth it to pay a higher annual fee for higher (or better) credit card rewards? The answer is this: It depends. Paying more in annual fees for a card that promises better rewards can save you more money if:

(a) you use the card often enough to get as many rewards as possible, and

(b) the rewards are actually useful to your current lifestyle.

Let’s say that a Card A has an annual membership fee of P3,500 and offers one travel mile for every P150 spent. If you are a heavy user and can charge as much as P400,000 on your card monthly, you get over 2,600 miles a month. In one year, you will have more than enough points to get multiple free flights, or at least very good upgrades.

This credit card is obviously better than Card B, which has a lower annual fee of only P1,500 but only offers one travel mile for every P300 spent. Even if you charge P400,000 monthly on this card, you only get 1,300 miles a month – half the number of miles you will get from Card A.

In the end, the P2,000 difference in the annual fees of Card A and Card B is more than offset by the number of redeemable miles you get from using Card A.

Of course, getting this many miles only makes sense if you actually like to travel. Remember that most miles do expire; you have to use them within a certain period, or they will be confiscated. Before you even apply for a miles-earning card with better rewards conversion but a higher annual fee, be sure you actually have travel plans. Determine if you have time and resources to go on a trip by the time you have enough miles to redeem. Otherwise, all your points will just go to waste.

If you are not an avid traveller, then scout for a card that offers other perks, such as restaurant discounts or grocery rebates. Use the same comparison we did above to determine whether the higher annual fee is worth paying for the points or rewards you can get.

Featured Credit Cards:

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



  • Pay just Php900 for the initial year!
  • Avail of a cash advance fee of 5% or Php300 whichever is higher
  • Have a finance charge of 3.50%
  • Avail of up to 30% Cash Advance of your credit limit!
  • Get rewards points each time you purchase items at SM by the Peso Payback Rewards Program
  • Get up to 5 supplementary cards on your first year!
  • Relish on exciting freebies and discounts through SM Exclusive programs and BDO Delights!
  • Avail of the ongoing installment promos for as low as 0% interest in different electronics ad appliance stores, furniture shops, health and beauty services, restaurants, jewelry shops, travel packages and more.

BDO Shop More MasterCard has wide recognition and acceptance on major establishments throughout the Philippines and plus 20 million locations in 275 territories and countries wherever MasterCard is accepted.



  • Pay an annual fee of only Php3000 for the Principal card and Php1200 for the supplementary cards. But
  • worry not because the first year is actually FREE.
  • Cash advance limit of 30% of assigned credit limit in both the Peso and Dollar currency.
  • Pay only an interest rate of 3.25% a month



  • Pay an annual fee of Php1500 for your primary card!
  • Go over your credit limit and pay for just Php500 or 3% whichever is higher!
  • Enjoy a finance charge rate of 3.50%
  • Earn rewards points with every Php30 spent with your Silver Card!
  • Travel with comfort with Travel Inconvenience Insurance provided by your Silver Card when you buy your plane ticket!

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Once used properly and efficiently, credit cards are handy and suitable devices for just about anyone who is of age. It can even assist you with upcoming activities like buying a house, getting another degree and sometimes going for a leisure trip somewhere abroad with family and friends. Before you allow your teenager or yourself to get a credit card, know some of its advantages and understand some of its procedures.

A credit card can allow you to bUy products or services which you need right now but can’t afford to pay all of it at once. Sometimes it’s often the single way to pay for hotel accommodations, car rental fees or airline tickets.

Credit cards also allow it holders to purchase items over the phone or sometimes in the internet. You can shop and pay your monthly bills in the convenience of your very home! Some credit card companies offer virtual banking that lets you shop and transact business online.

It is also safer to carry a credit card than to carry cash around wherever you go. For the most part, credit cards are very useful in instant emergencies like accidents, car breakdowns or calamities.

You could actually even give anything you purchase protection, avail of travel insurances, free miles and even cash back bonuses if you charge your transactions with your credit card.

One fact is for sure; having a credit card is convenient at times but also remember that a credit card tempts you to spend money you don’t have. Always have the sense to follow up on your credit card to avoid overspending which can give you a big headache in the future. Use your credit cards in ways that you benefit from them, not them benefiting from you!

Understand what you’re getting into before you start building up credit card balances. Once used wisely, they are an absolute help in budgeting. But if not, they will turn up to be your greatest nightmare.