Credit cards have become more than just plastic—they’re a lifeline. They speed up transactions, unlock perks, and even help build your financial reputation. But here’s the catch: those annual fees, sometimes hitting ₱5,000 or more, can be pretty costly.
This is where the best credit cards in the Philippines with no annual fees prove their worth. These cards allow users to enjoy all the benefits of a credit card without worrying about recurring charges. Whether you’re a first-time applicant or someone looking to cut costs, no annual fee credit cards are worth considering.
What Are No Annual Fee Credit Cards?
A no-annual-fee credit card is exactly what it sounds like: a card that does not charge its holder an annual maintenance fee. Unlike premium cards that ask for hefty yearly fees in exchange for travel perks or fancy extras, these cards stick to the basics. They give you what you need—convenience and credit—without the extra cost.
For many Filipinos, especially young professionals and those watching their budget, that’s the kind of balance that just makes sense.
Why Filipinos Prefer Credit Cards with No Annual Fees
Credit cards with no annual fees are growing in popularity in the Philippines for several reasons:
- Affordability: You avoid unnecessary yearly charges.
- Flexibility: You can keep the card even if you don’t use it often.
- Accessibility: Great for students, first-time users, and individuals with modest incomes.
Benefits of Choosing Credit Cards with No Annual Fees
Cost Savings and Financial Flexibility
One of the biggest advantages is the money you save. Instead of paying ₱2,000–₱6,000 every year just to keep a card active, you get to use that money for actual purchases.
Ideal for First-Time Credit Cardholders
Zero-annual-fee credit cards are excellent entry points. They’re easier to manage, and you won’t feel pressured to use them to “get your money’s worth” from annual charges.
Access to Rewards, Cashback, and Perks
Contrary to popular belief, many no-annual-fee credit cards still offer rewards, cashback rebates, and installment programs.
Things to Consider Before Applying for a No-Annual-Fee Credit Card
Before applying, keep these in mind:
Interest Rates and Finance Charges
Some no-annual-fee cards may compensate for the waived fee by charging slightly higher interest rates.
Minimum Income Requirements
Banks often require proof of stable income. For example, some cards require at least ₱15,000 monthly income, while others may demand ₱20,000 or more.
Foreign Transaction and Service Fees
Even if there’s no annual fee, charges for overseas transactions and late payments still apply.
Rewards vs. Cashback Programs
Choose whether you’d rather earn points for rewards or enjoy instant cashback on everyday spending.
Best Credit Cards in the Philippines with No Annual Fees (2025 Edition)
Here are some of the top-performing no-annual-fee credit cards in the Philippines that can be used both locally and abroad:
1. Security Bank Wave Mastercard
At the very top of my list of the best credit cards in the Philippines with no annual fees is the Security Bank Wave Mastercard. It strips away the extras you don’t need—like annual charges—and gives you what matters: everyday convenience, low interest, flexible installments, and global acceptance. Simple, practical, and built to fit real life.
What’s unique about it?
- 1% cashback on online spend
- Local airport lounge access
- The wave isn’t just a pattern — it’s symbolic. The card waves goodbye to annual fees, steep rates, and unsustainable materials.
2. UnionBank U Platinum Credit Card
The UnionBank U Platinum Credit Card, available in both Visa and Mastercard, is built for those who value everyday convenience with premium perks. From worldwide acceptance and travel protection to dining and lifestyle rewards, it blends practicality with privilege—giving Filipinos more ways to spend smart without over-complicating things.
What’s unique about it?
- No late payment fees and over-limit fees
- 10% interest rebates when you pay at least the minimum amount due
- It’s available for both Visa and Mastercard brands
3. PNB Ze-Lo Mastercard
The PNB Ze-Lo Mastercard lives up to its name with zero annual fees for life, zero late payment fees, and zero overlimit fees. It puts control back in your hands, allowing you to manage expenses confidently while avoiding unexpected penalties.
What’s unique about it?
- Zero late payment and overlimit fees
- Lowest interest rate in the country (2.5%)
- Free annual fee for life for all supplementary credit cards
- Get a cash advance of up to 30% of your credit limit
- 0% installment programs
4. HSBC Premier Mastercard
The HSBC Premier Mastercard turns every purchase into travel potential. With 1 air mile earned for every ₱25 spent, everyday expenses become steps toward your next flight. It’s more than a credit card—it’s a passport to experiences, designed for Filipinos who want their spending to take them further.
What’s unique about it?
- Earn 4 Bonus Points for every ₱20 spent
- Get 1 air mile for every ₱25 spent
- Earn 3 Bonus Points on card purchases
5. Metrobank M Free Mastercard
The Metrobank M Free Credit Card makes credit simple, with no annual fees to think about. For existing Metrobank account holders, applying is quick and convenient—almost effortless. It’s a card built for everyday use, giving you the essentials and exclusive promos without the extra hurdles that usually come with credit.
What’s unique about it?
- Convert your credit limit to cash
- 0% installment programs
- Balance transfer
6. PSbank Credit Mastercard
The PSBank Credit Mastercard keeps banking and spending under one roof, making money management more seamless. With flexible installment options, secure online transactions, and worldwide acceptance, it’s designed for Filipinos who want straightforward credit that works with their lifestyle—no frills, no fuss, just reliable support wherever life takes you.
What’s unique about it?
- Balance transfer
- ‘M TXT facility (lets you know your available credit limit, statement balance through text message)
- Secure online shopping
7. Chinabank Freedom Mastercard
With the Chinabank Freedom Mastercard, affordability comes first. No annual fees mean more room for real spending, not maintenance costs. It’s a straightforward entry into credit—safe, globally accepted, and practical. For Filipinos taking their first step into credit, it delivers freedom without the baggage of extra costs.
What’s unique about it?
- Earn one Rewards Point for every ₱30 qualified spent
- Exclusive deals and promos
- Convert your rewards points to Miles
8. Maya Black Credit Card
The Maya Black Credit Card proves simplicity can be powerful. With no annual fees (as long as you use your card at least once a month) and seamless app integration, it makes managing money feel less like a chore and more like second nature. For Filipinos living cashless, it’s a sleek companion that blends digital ease with everyday practicality.
What’s unique about it?
- It’s a Black Card
- Earn miles when you spend
- Can be upgraded to metal
9. Security Bank Next Mastercard
The Security Bank Next Mastercard is a no-annual-fee card designed for the digital age, with an auto-installment feature and cashless convenience. It’s built to adapt to your spending habits—though personally, I would not want to use the automatic installment plan because it adds 1% rate monthly.
What’s unique about it?
- Auto-convert to an installment of at least ₱5,000 purchases (with a monthly add-on rate of 1%)
- Up to USD200 purchase protection online
Comparison Table of the Best No Annual Fee Credit Cards
Here’s a quick comparison of the top 9 best credit cards in the country with zero annual fees:Credit Card Best For Key Perks Security Bank Wave Mastercard Everyday users 1% cashback on online spend UnionBank U Platinum Credit Card Young professionals Available for both Visa and Mastercard brands PNB Ze-Lo Mastercard Everyone Lowest rate (2.5%) among all credit cards HSBC Premier Mastercard Travelers Get 1 air mile for every ₱25 spent Metrobank M Free Mastercard Online users Convert credit limit to cash PSbank Credit Mastercard Families Balance transfer Chinabank Freedom Mastercard Shoppers Earn 1 Rewards Point for every ₱30 qualified spent Maya Black Credit Card Digital bank clients Black Card Security Bank Next Mastercard Experienced users Auto-installment plan
Who Should Get a Zero-Annual-Fee Credit Card?
Not all cards fit everyone’s lifestyle. Here’s who benefits most:
- Budget-Conscious Spenders – If you want the convenience of a credit card without worrying about yearly costs, this is perfect.
- Students and Young Professionals – These cards are easier to apply for and help in building a credit score from scratch.
- Frequent Online Shoppers – Online payments, subscriptions, and e-commerce purchases are more convenient and safer with a card.
Tips for Maximizing Your Zero-Annual-Fee Credit Cards
Pay Balances in Full and On Time
Avoid interest charges by settling the total due each month.
Use Cards for Everyday Purchases
Groceries, gas, and bills are great ways to maximize rewards or cashback.
Take Advantage of Promos and Cashback
Banks often provide exclusive promotions, such as dining discounts, shopping vouchers, or 0% installment plans.
Potential Drawbacks of No Annual Fee Credit Cards
While these cards are great, they do have some limitations:
Higher Interest Rates
Some cards may charge slightly higher finance fees to balance out the waived annual fee.
Limited Rewards Options
Compared to premium cards, perks like travel miles or luxury benefits may be limited.
Stricter Approval Criteria
Banks may be selective in approving applicants for lifetime-free cards.
Alternatives to No Annual Fee Credit Cards in the Philippines
Low Annual Fee Cards with Higher Rewards
Some cards offer more generous cashback or points systems but charge a small annual fee.
Prepaid and Debit Card Options
For those who want to control spending, prepaid and debit cards are safer alternatives without the risk of debt.
Frequently Asked Questions (FAQs)
1. Which bank offers the best no-annual-fee credit card in the Philippines?
PNB offers the best benefits, features, and rewards system among all the no-annual-fees credit cards in the Philippines right now. Its PNB Ze-Lo Mastercard has the lowest finance charge (2.5%) in the country, too.
2. Can I upgrade later to a premium credit card?
Yes. Many banks allow cardholders to upgrade to premium cards with higher perks once income requirements are met. They usually offer free upgrades to eligible account holders when they see their excellent credit scores.
3. Do no-annual-fee cards still have hidden charges?
They don’t charge annual fees, but late payment penalties, interest, and foreign transaction fees still apply.
4. Are these cards accepted internationally?
Yes, most no-annual-fee credit cards in the Philippines are powered by Visa or Mastercard, making them globally accepted.
5. Is it easy to get approved for a no-annual-fee card in the Philippines?
Approval depends on income, credit history, and the bank’s criteria. Some are easier to apply for than others. If you have a regular job and an existing bank client, you’re more likely to get approved quickly.
6. Can I own multiple no-annual-fee credit cards?
Yes, you can own more than one account in different banks, as long as you meet their banking requirements and can manage payments responsibly.
Conclusion: Finding the Best No Annual Fee Credit Card for Your Lifestyle
The best credit cards in the Philippines with no annual fees let you enjoy the perks of having a card without worrying about yearly charges. From cashback to rewards to safer online shopping, they keep things convenient and affordable.
Whether you’re a student, a young professional, or just someone who wants to stretch every peso, there’s a no-annual-fee card out there for you. The key is simple: compare your options, check the details, and pick the one that fits your lifestyle.
Don’t miss reading: Top 35 Best Credit Cards in the Philippines
