Low Interest Credit Cards

Having a low interest rate on your credit card is important if you do not pay off your credit card balance each month. It allows you to spend and make payments whilst keeping your interest repayments to a minimum.

Banks and Card Issuers in the Philippines display the interest rate as a monthly finance charge. As it is displayed monthly, the differences between credit cards can seem minimal, however when you look at the effective annual rate the differences become quite substantial. Over the course of one year a 1% difference on your monthly finance charge is more than 10% annually. Therefore it is important not to overlook the finance charge and choose a low interest rate.

Low finance charges will normally only apply to purchases with your credit card and not to cash advances. Cash advances on low interest credit cards usually have a much higher finance charge attached for cash.

A key advantage of a low interest credit card is the lower finance charge. If you don't pay off your credit card balance regularly you will be paying less interest each month on purchases compared to a higher finance charge card.

 

EastWest Bank Practical Credit Card Card Type Finance Charge Annual Fee Cash Advance Balance Transfer Apply 2.25%* P1,000 5% N/A More Info

Metrobank M Lite MasterCard Card Type Finance Charge Annual Fee Cash Advance Balance Transfer Apply 2.49% P1,400 P300/3% 0.79% 12 months More Info

BDO MasterCard Platinum Card Type Finance Charge Annual Fee Cash Advance Balance Transfer Apply 2.50% P4,500 Free first year P300/5% N/A More Info

Citi Platinum Visa Card Type Finance Charge Annual Fee Cash Advance Balance Transfer Apply 2.75% P5,000 P500/3% N/A More Info

RCBC Bankard Diamond Card Card Type Finance Charge Annual Fee Cash Advance Balance Transfer Apply 2.75% P2,500 First Year Free P300/5% 1.488% 6 months More Info

RCBC Bankard myDream JCB Card Type Finance Charge Annual Fee Cash Advance Balance Transfer Apply 2.75% P800 1.488% 6 months More Info

Metrobank Platinum MasterCard Card Type Finance Charge Annual Fee Cash Advance Balance Transfer Apply 2.75% P5,000 P300/3% 0.79% 12 months More Info

BDO Titanium MasterCard Card Type Finance Charge Annual Fee Cash Advance Balance Transfer Apply 2.75% P3,500 Free for life* P300/5% N/A More Info

Citi PremierMiles Platinum Card Card Type Finance Charge Annual Fee Cash Advance Balance Transfer Apply 2.75% P5,000 P500/3% N/A More Info