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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:

GOLD CARD ! The BPI Credit Card for the Exec!


  • Pay an annual fee of just Php2250 for your BPI Express Credit Gold MasterCard!
  • Avail of a finance charge of 3.4%
  • Travel anywhere you want ad get FREE travel insurance of up to Php1000000 once you charge your fare to your BPI Express Gold Credit Card!
  • Shop in more than 30 million establishments here and abroad and enjoy lots of discounts and perks!
  • Convert your foreign purchases into pesos with no processing fees
  • Purchase high ticket item with no worries with the S.I.P. facility available with your BPI Express Credit Gold MasterCard!

RCBC Black Card


  • Highest credit limit
  • Peso Payment convenience (gives cardholders the option to purchase in any currency abroad and then pay in pesos when they get back home)
  • Revolving Facility (allows cardholders to pay the minimum of 5% of their total outstanding balance or P500, whichever is higher.
  • Get Cash Advance of up to 50% of your credit Limit or Php250000
  • Annual fee of Php3,600

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

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!

Featured Articles:

The Power Within You

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…