Interest rate refers to the price you pay for the money you borrow when you used the credit card. Usually, interest rate varies from 2% to 3.5%, depending on the banks. Apart from the interest rate, fees, such as annual fee, transaction fee, and penalty fee will also be charged to you, subject to the credit card you choose. Interest Rate: 2.50 % per month Metrobank gives you the option to choose from two of the best credit cards in the Philippines; M Free gets you the benefit of not paying for any annual membership fee for life and M Lite gives you the lowest interest rate in the market today with only 2.49 %. To determine which credit cards have the lowest interest rates and offer the best value, CNBC Select analyzed 234 of the most popular credit cards offered by the biggest banks, financial companies The best overall low-interest rate credit cards are ones that tend to offer solid intro APR offers and low ongoing rates to consumers with average credit or better (typically a credit score of 670 or higher). These picks should be available to the majority of applicants since the national average FICO Score is over 700. Interest Rates: Banks offer as low as 1% interest rate for using your plastic card to get cash from a bank provider. With BDO website, I found out they only give 0.99% interest while others would give 1.3%. List of Low Interest and APR Credit Cards Below is a list of credit cards with ongoing low interest rates and low APR (notice that many of them are Credit Unions). We define a low interest rate as below 10.99% and have also avoided listing credit cards with a range of APR because it can be deceptive. A low interest credit card could help save you money on monthly payments. A low interest credit card is generally a good fit for someone who carries a balance from month to month. Some low interest credit cards come with a 0% introductory rate while others have a low, ongoing rate.
Compare the best credit cards in the Philippines before you apply. View latest promos and choose benefits and features from no annual fee, shopping, 0% interest rate.
8 Feb 2018 Find out the differences & compare credit cards today! Therefore, the interest rates, rewards, annual fees, and all other charges are issued by Credit card interest rates in the Philippines. The interest rate is the fee you pay for using the bank’s money. Credit cards place these charges when the balance is not paid in full. In Philippine banks, the interest rates can go as high as 3.50 percent and this rate can incur a great amount if not settled. A common credit card myth that Filipinos believe is that all cards charge high interest rates. In the 2018 Moneymax survey, respondents cited “interest fees” as their top reason for not having a credit card.. If you’re sure that you can make credit card payments in full and on time, the interest rate shouldn’t matter as much as the annual fee when choosing a card for you. As one of the largest banks in the Philippines, Metrobank features credit cards that have a wide range of exclusive privileges and promotions. Featuring a non-platinum card with the lowest monthly interest rate of 2.49% with free annual fee for life, the M Free/Lite MasterCard is one of the best cards in the market to date. PNB While credit cards in Philippines typically have interest rates that range from 2% and 3.54% per month, low interest rate cards offer standard variable rates as low as 1.6% per month. Some cards even offer introductory 0% interest rates on purchases for a fixed period of time. A number of Filipinos have a severe problem with credit card usage — leading to piles of debt which, when remain unpaid, continue to balloon month after month. The primary culprit, of course, is the credit cardholder’s negligence to pay his or her obligations. Worse, some even deliberately attempt to run away from their debt. What they don’t … Compare: Credit Card Interest Rates in the While a higher income raises the chance of getting approved for a credit card, it doesn't mean that low-income earners can't get a credit card too. If you have a low monthly income, apply for a credit card online with the following features: low annual income requirement, zero to low annual fee, and low interest rate.
1 Mar 2020 So does its relatively low interest rate, though paying any interest on debt is a bad habit, so avoid it if at all possible. Note that you'll have to have
21 Aug 2019 All it takes is doing your research (and comparing your options to determine the best card). Lucky for you, here's a quick list of credit cards with Interest Rates (Finance Charges) of Credit Cards in the Philippines. Banco de Oro (BDO) Credit Cards, Interest Rate per month. 1, BDO Titanium MasterCard;