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Which bank issues credit cards with the lowest interest rate and fees?

jaolave23 · 25 · 8420


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i have 2 CC

Citibank mastercard 3.25% monthly int rate
Rcbc Bankard Mastercard 3.50% naman

advantages of having 2 or more CC:
1. bigger accumulated credit limits for big purchases & expenses (downpayment for cars, h&l, hospital expenses that requires surgery or the use of O.R.)

2. different cut-off dates for the statement of account for you to time your spendings wisely
3. expense segregation

1 card for bills, fuel, utilities, groceries & other home expenses
1 card for emergencies with untouched credit limit or kung meron man minimal lang

cut-off date ng CB ko every 15th of the month, bankard ko naman 28th of the month

so if i'll buy or pay for something now using a CC. i'll use my bk since any purchases made after the cut-off date won't be reflected in my next billing statement. i'll be charged on the next billing after that pa. if i'll used my CB, it would already be reflected on my next billing statement

i think you have 51 days to pay for it, whenever you charge something to your cc a day after your cut-off date. not so sure though about the exact days.

i'm a member of CB since '95. 2 years for the bankard

« Last Edit: Oct 01, 2011, 11:16 AM by Bp22estafa »


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guys, how about HSBC CC dyan sa pinas?
dito sa UAE free for life, no annual fee and tied up with plenty of products/brands naka
flexi installament plan w/ zero interest.


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^ sir bibihira ang promo ng hsbc dito unlike citibank, BDO etc. 


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....take note lahat yan walang utang, para you always have the upper hand to cancel the card anytime as you wish, so macancel man yung iba (luckily wala pa naman) meron ka pa iba...
thanks for the tip! :D
i have 2 CC
advantages of having 2 or more CC...
ah, na-gets ko na diskarte mo sa paggamit ng 2 CC. salamat!


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For bpi, if you reach ten years with them with good credit history, waive na annual fee for life.

This isn't always true. My dad has been a BPI credit cardholder since 1989. Because of his good credit history, his card was upgraded twice--from Maroon to Blue and recently to Gold, yet he is still paying for membership fee annually.


Advantage of two credit cards: you have one for backup in case your main card gets declined. This can happen randomly even with no apparent reason. I've experienced this with my BPI credit card. It was declined in a Watson Drug Store even when my card was active, in good standing and with sufficient balance. It would have been a very embarrassing experience if I didn't have another card at that time.


AFAIK there are only three locally-issued credit cards with absolutely no annual fees (no conditions, no spending requirement, etc.). These are the Metrobank M Card, EastWest Bank Platinum MasterCard, and HSBC Premier World MasterCard.
« Last Edit: Nov 27, 2011, 07:45 PM by Mr_Rony »


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This isn't always true. My dad has been a BPI credit cardholder since 1989. Because of his good credit history, his card was upgraded twice--from Maroon to Blue and recently to Gold, yet he is still paying for membership fee annually.


I thought this applies to all BPI cardholders. Mine was the basic BPI express credit maroon card which was never upgraded. I received the letter for the waiver of annual fee for life though.


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This isn't always true. My dad has been a BPI credit cardholder since 1989. ..., yet he is still paying for membership fee annually.

AFAIK there are only three locally-issued credit cards with absolutely no annual fees (no conditions, no spending requirement, etc.). These are the Metrobank M Card, EastWest Bank Platinum MasterCard, and HSBC Premier World MasterCard.
thanks for the info about no annual fee

bakit hindi nya subukan magrequest na i-waive yung annual fee? sayang rin yun.


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Tama po sir Ferrari, i-waive na ang lahat ng membership fee.., ang sama kasi kahit hindi mo gamitin, obligado kang bayaran agad ang membership fee.. or else naka hodl ang credit card mo..


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Actually, interest rates are not a concern if you will payoff your balance each month, which by the way is the best way of using your credit card. If you will only pay the minimum, that is the time that interest rates should be of a concern. However, based on my experience, even if the interest rate is fair enough, you will still incur heavy indebtedness because of too much charges if you pay only the minimum each month. Personally, I would rather look for credit cards with no annual fees and offer rewards programs.


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Choosing a card used to be a straightforward process; after all there were only a handful of banks that were willing to provide the same. Today the choice of cards is staggering with more and more places offering their own version. In fact it is even possible to get a stores own cards which comes with its own benefits tied into the store. With so much choice in the market anyone looking for a one can easily feel confused, and this is where a comparison is invaluable. Get the list of the credit cards and choose the one which will match your requirements like good structure, low interest rates etc.
« Last Edit: May 25, 2012, 11:23 AM by FutureGizmo »


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