Enjoy more with a credit card with no annual fee!

A credit card should not be a burden but should provide convenience. But many are still disheartened to get a credit card because of its annual fees, which is just one of the many fees being charged. But did you know that there are credit cards that have no annual fee? Find out more.

What Is a Credit Card Annual Fee?

The annual fee on a credit card is the cost that you pay each year to allow you to keep the account open. This fee is automatically charged to your account, whether you use it or not. Annual fee range in price –some credit cards have higher annual fees in exchange for exclusive offers and more valuable benefits.

Tip: So if you are one who does not like to pay an annual fee, look for a credit card with no annual fee.  

Credit Cards with No Annual Fee

There are 2 types of credit card with no annual fee: cards with no annual fee for life and card with limited annual fee waivers such as no annual fee for the 1st year, minimum annual spending, etc.)

Credit Cards with No Annual Fee for Life

Citi Simplicity +

Features and Benefits:

• No annual fee every single year
• No late payment fees
• No over-limit fees when you go over your credit card limit
• 10% interest back when you pay at least the minimum due on or before the due date
• Up to 50% off on dining

Source:Citi Simplicity +

Metrobank M Free Mastercard

Features and Benefits:

• No annual fee for life
• 0% installment on a wide range of establishments
• The contactless card that enables secure and faster payments on the contactless-enabled card terminal

Source:Metrobank M Free Mastercard

AUB Mastercard

Features and Benefits:

• No annual fee for life
• No interest in new purchases
• Earn rewards point for every Php 20 spend
• Enjoy Mastercard’s local and global shopping promotional offers for travel, shopping, dining, and more
• Link to Paypal

Source: AUB Mastercard

EastWest Platinum Mastercard

Features and Benefits:

• No annual fee for life
• 0% installment on selected items and installment terms at participating merchants
• Option to convert high-ticket shopping & travel expenses to installment payable in 6, 12, 18, and 24 easy payment terms
• Enjoy the latest promo of Mastercard
• Free EastWest Platinum Virtual Card for a more secure online shopping

Source: EastWest Platinum Mastercard

Security Bank World Mastercard

Features and Benefits:

• No annual fee for life
• High credit limit
• Exclusive Mastercard promos
• Earn 1 point for every Php 20 spend

Source： Security Bank World Mastercard

Credit Cards with No Annual Fee For a limited time

Security Bank Mastercard Classic

Features and Benefits:

• No annual fee for 1^st year
• Earn 1 point for every Php 20 spend
• 0% Balance Transfer promo
• Pay big purchases using installments with lower rates
• Apply for a higher card limit online

Source： Security Bank Mastercard Classic

BDO Visa

Features and Benefits:

• No annual fee for 1^st year
• Earn 1 point for every Php 50 spend
• Free Virtual Card for a more secure online shopping
• Easy Pay Convert feature that allows any online transaction into monthly installment

Source: BDO Visa

 Metrobank  Toyota Mastercard

Features and Benefits

• No annual fee for 1^st year
• Discount on Toyota accessories
• Double rewards points for every Php 20 spend at your preferred Toyota dealer
• 24/7 roadside assistance
• Earn 1 point for every Php 20 spend
• 0% installment on a wide range of establishments
• The contactless card that enables secure and faster payments on the contactless-enabled card terminal

Source: Metrobank  Toyota Mastercard

Final Thoughts

Owning a credit card with no annual fee can help you save money too. So choose the right credit card that will suit your budget and your lifestyle.