Choose a country
Philippines
Select a city
Select a city
Additional Information
English (PH)
Select country
Choose a country
Philippines
Canada
España
México
Philippines
United States
Việt nam
Казахстан
Россия
Україна

Credit cards for groceries for October 2022 in the Philippines

For groceries
Apply for a credit card for groceries from the banks verified by our specialists. On 02.10.2022 you have access to 94 credit cards. Increase your chances of getting money — fill out a multi-application with a free credit rating check.

Offers: 94

Updated:
30.09.2022
13:53
Citibank
Citi Rewards Mastercard®
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
Citibank
Citi Simplicity+ Visa Card®
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
Security Bank
Security Bank Next Mastercard®
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
Submit your credit card application online
Submit your credit card application online

Take advantage of our credit card selection system with a free credit check!

HSBC
HSBC Platinum Visa Rebate Credit Card®
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
Eastwest Bank
EastWest EveryDay Titanium Mastercard®
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
PNB
PNB Visa Gold®
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
PNB
PNB Platinum Mastercard®
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
PNB
PNB Visa Classic®
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
PNB
PNB Essentials Mastercard®
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
PNB
PNB Ze-Lo Mastercard®
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000

Calculate the credit card payment in the Philippines

Choose the amount and interest rate and you can calculate the monthly payment.

Best loan calculator
Loan amount
i

Enter the desired loan amount

PHP
PHP
10000 ₱
200000 ₱
Loan term
i

Specify the loan term for the calculation

months
days
1
60
Interest rate
i

Choose the interest rate on the loan

1 %
100 %
Type of payments
i

Specify the type of payment for calculating

Interest rates on credit cards in the Philippines

According to the guidelines for Bangko Sentral ng Pilipinas Circular No. 1133, Series of 2021, on the ceiling/s of interest rates and other fees charged by lending companies, financing companies, and their online lending platforms, the maximum nominal interest rate for unsecured loans is 6% per month (0,2% per day), and the maximum effective interest rate is 15% per month (0,5% per day). The caps apply to unsecured loans of no more than ₱10000 and payable within four months.

Credit card application in the Philippines

Credit card limit
i

Specify the credit card limit amount

10000 ₱
150000 ₱
Mark Levin
Your data is securely protected

Other types of credit cards

How to get a credit card

Fill out your application
Fill out your application
On our website you can fill out a short application form for a credit card.
Pass a credit check
Pass a credit check
We will offer you to check your credit score online for free.
Send your application online to the suggested companies
Send your application online to the suggested companies
After checking your credit rate, you will be able to send your loan application to the appropriate companies.
Wait for a response from the lender
Wait for a response from the lender
If necessary, the lender will contact you to clarify the details.
Get your credit card!
Get your credit card!
Sign the agreement and get the card.
Apply for a loan Your data is securely protected
Credit cards for groceries for October 2022

Credit cards allow users to pay for goods and services, settle utility bills, and access cash advances in times of emergency. Since different banks provide various cards to their customers based on their income, needs, age, and other factors, the credit card for groceries you select should meet your needs and be readily available.

What is a grocery credit card?

A grocery credit card is usually issued by banks and other financial institutions and allows you to pay for groceries in selected grocery stores. However, there are certain conditions that you must meet before they approve your credit card application, such as age, gross annual income, citizenship, and proof of residence. The credit card lets you track your grocery spending and manage your finances more effectively. You also earn cashback, prizes, discounts, and other credit card rewards when you use credit cards for groceries. Accordingly, different grocery stores accept different cards for grocery purchases. You will have to confirm which cards are accepted by which grocery stores before purchasing items from the stores.

The amount of money you spend in a month then accumulates to a balance you must repay on the agreed-upon date.

Important! You must refund the accrued amount on time, or else, it will attract other charges like late fees.

How can I borrow a loan using grocery credit cards?

You can access funding using your card, but the amount you borrow should not exceed your credit limit. Unlike other bank loans, which require a lot of documentation, a credit card loan is accessible without documents to cardholders, provided there is unutilized money in your credit line. You can access the loan in three ways.

  1. Visit the nearest branch and fill out an application form. After submitting your duly filled form, the bank disburses your loan instantly to your account.
  2. You can access a loan (also known as a cash advance) from ATMs. Using your credit, request an amount not exceeding your credit limit and access the cash.
  3. A more convenient way is an online application. You can borrow and access your loan by visiting the official website of your credit card provider in the following steps.
  • Fill out the loan application form and submit it with the required documents in PDF form.
  • The bank will verify your documents and approve your loan if you meet the requirements.
  • Then, they will disburse your loan to your account instantly after verification.

How to choose a grocery credit card

With tons of credit cards in the market today, choosing the right credit card for groceries can be challenging. First, you should determine if you meet the minimum requirements and whether the card meets your financial needs.

Another thing to consider is the interest on cash advance, other charges, and the repayment period. If you have enough income to settle your loan within a month, you can go for a card with a short repayment period. On the other hand, low-income earners should go for cards where the loan is spread over a long period and paid in installments.

The following factors will help you choose the best credit card.

  1. Annual fee. Most banks charge an annual fee on credit cards. In some banks, you are exempted from the cost in the first year, while others offer you supplementary cards free of the annual fee. Premium cards charge the highest annual fee, while regular cards charge a lower fee. Note that late payment attracts interest, so you should choose a card whose annual fee is manageable.
  2. Cashback. Some cards have the cashback feature where you get a percentage of your spending back. Your purchases determine the payback percentage for a grocery card.
  3. Interest rate on loans. The cash advance and loans you access using a credit card attract a monthly interest. You should check out for a card that charges low interest on loans and other charges such as over-limit expenses.
  4. Rewards. Different cards come with different perks, such as discounts on specific purchases, a lifetime annual fee waiver on supplementary cards, and reward points for the money spent. You can also be enrolled in a loyalty program when you meet a set amount in a year. Therefore, choose a grocery credit card if the perks and rewards are relevant to you.
  5. Other charges. The annual fee and monthly interest on loans are not the only charges on credit cards. Additional charges include late payment penalties, loan processing fees, and changes in international payments. Before choosing a loan, check out the other costs you will incur besides loan repayment and interest.
  6. Accessibility. For your convenience, the best grocery credit card should be accessible wherever you go. It should also allow for online transactions and be used at your nearby ATM.
  7. Minimum repayment. If you are in a financial fix and cannot pay the amount due, the bank allows you to make a minimum payment, which is a percentage of the amount due. A low minimum repayment is manageable but comes with additional interest on the unpaid amount.
  8. Age limit. Some banks offer customers 18+ years old credit cards, while others set the minimum age at 21. The upper age limit for most banks is 65-71 years. When choosing a card, consider your age and choose the best fit for you.
  9. Annual gross income requirements. How much income do you make annually? Your application can quickly get approved if your income meets the bank's minimum requirements.

Where can I get credit cards for groceries?

These banks provide credit cards for groceries in the Philippines:

  1. Citibank
  2. Security Bank
  3. EastWest
  4. Robinsons Bank
  5. UnionBank
  6. HSBC
  7. RCBC Bankard
  8. AUB
  9. PNB

Credit cards for groceries in the Philippines

Credit cards are a great way to keep track of your spending and offer bonus rewards, but there are so many types out there that it is hard to choose the right one for your needs. Therefore, when looking for grocery rewards credit cards, it's crucial to find one that fits your lifestyle and needs. Here is a list of the best grocery credit cards in the Philippines.

Cashback credit cards

Citi Cashback Visa Card®

It offers discounts and freebies for local and international purchases. If you frequently shop for groceries for a large family, this is the ideal grocery credit card because its reward points do not expire and can be redeemed for different gifts.

Qualifications

  • The minimum monthly income for new cardholders is ₱20,000, and for existing holders is ₱ 15,000.

  • Applicants should have a good credit history.

  • The minimum age requirement is 18 years.

Benefits and features

  • You get a 6% rebate on groceries, a 2% discount on Meralco, and a 0.2% rebate on all other purchases.

  • A welcome gift and a ₱1250 monthly rebate.

  • Reward points do not expire and can be redeemed anytime.

EastWest Everyday Titanium MasterCard®

EastWest Bank offers this Mastercard with a 0.5-5% cashback rate. High-income earners who shop for essentials and other goods frequently qualify for this grocery credit card. The amount of rebate you get from fuel, groceries, and medicine purchases depends on the amount you spend.

Qualifications

  • To qualify for this card, your monthly gross income should be ₱40,000 or more.

  • The applicant must be a Filipino citizen or a foreign citizen with proof of local residence.

  • The principal applicant must be 21 years old.

Benefits and features

  • A ₱10,000 and above monthly spend attracts a 5% rebate, while expenditure between ₱5000-₱10,000 is awarded a 3% rebate.

  • A cash rebate is automatically credited to your account after spending on gas purchases and groceries from any supermarket.

  • The low foreign currency conversion fee of 1.7%

  • Year-round special discounts are given to cardholders from partner merchants.

Robinsons cashback credit card®

It is a cash rewards credit card for users who shop at Robinson's supermarket. The cash rebate for the supermarket is 3%, while that for purchases in other supermarkets is 1%. Loyal users of this grocery rewards credit card save up to ₱20,000 annually.

Qualifications

  • To qualify for this cash reward credit card, your monthly income should be ₱15,000 if you are single. For married customers, a monthly income of ₱20,000 is required for this credit card.

  • Applicants must be aged 21-65 years.

  • An applicant must be a Filipino citizen or a foreigner with proof of local residence for the last two years.

Benefits and features

  • Cardholders get a 3% rebate on purchases amounting to ₱3500 or more

  • Cardholders are exempted from the annual fee if they transact more than 12 times in a year

  • A cash advance on this card attracts a 2% per month interest monthly and a ₱2500 annual fee.

  • If you spend beyond your limit, you pay a ₱750 penalty and a ₱750 interest rate for late payment.

UnionBank Gold Mastercard®

A credit card for grocery shopping that offers a 1% reward percentage on purchases. The UnionBank Gold Mastercard has no maximum rebate, and your additional earnings do not expire.

Qualifications

  • The minimum monthly income required to qualify is ₱30,000.

  • Applicants must be aged 18-70 years

  • An applicant must be a Filipino citizen or a foreign citizen with proof of residence in the Philippines

Benefits and features

  • A 1% rebate on all purchases

  • Gifts and rewards for loyal card users, including movie tickets

  • With the UnionBank Gold Mastercard, you will pay a ₱2500 annual fee and a 2% interest on loans. The over-limit charge is ₱500, while the late payment fee is ₱1000.

Security Bank Complete CashBack MasterCard®

It offers users a 5% grocery cashback rate for all grocery purchases, gas, utility payments, dining, and shopping transactions. The cashback on gas is 4%, dining is 2%, utility payments are 3%, and other shopping transactions are 1%. This card is only offered as a supplementary card free of the annual fee for the first year and at a ₱3500 annual fee from the second year.

Qualifications

  • You are eligible for this card if you have an existing card at least one year old.

  • You must be a Filipino citizen or Philippine resident with a landline or email.

  • You must be 21-65 years old.

  • You must be employed for at least two years or self-employed with a profitable business for at least three years old.

Benefits and features

  • Cardholders get a 5% cashback on all grocery purchases, utility bills, and fuel purchases.

  • The card is free of an annual fee.

  • Cash advance attracts a 2% per month interest rate and a ₱1000 late payment fee. If you spend beyond your credit limit, the bank charges you ₱500.

Rewards credit cards

HSBC Red Mastercard®

With this reward card, for every ₱20 you spend in the grocery stores, you earn a point and 4x points on online grocery shopping. These reward points make Red Mastercard one of the best grocery rewards credit cards.

Qualifications

  • You must be a Filipino citizen or a Philippine resident.

  • You must be 21-65 years old.

  • You are eligible for this card if you have a credit card issued in the Philippines for at least one year.

  • You must have a ₱17,000 minimum gross monthly income.

Benefits and features

  • A 1% cashback on all purchases, including grocery and other general purchases

  • Exclusive privileges when shopping for household items and groceries for cardholders

  • Perks for dining, grocery, and fuel purchases

  • The annual charge is ₱1500, and the interest rate is 3.5% per month. The bank also offers a welcome gift to new applicants and a 6% rebate on all Caltex fuel purchases.

Citi Rewards MasterCard®

Citi Rewards Mastercard earns cash rewards for all grocery stores, supermarkets, online stores, and food delivery app purchases. The card issuer does not offer a bonus rewards cap and waives the annual fee for the first year. Dining and grocery store purchases receive 3x points, while other expenditures earn one point for every ₱30 spent.

Qualifications

  • You must be 21 years old and above.

  • You must be a Filipino citizen or Philippine resident.

  • You must have a ₱15,000 minimum monthly gross income.

Benefits and features

  • A 2% cash advance interest rate each month.

  • 0% intro APR on cash transfers for the first 15 months.

  • The annual charge for this card is ₱2500 after the first year, and a ₱1500 late payment fee. Spending more above your credit limit incurs a ₱1500 interest charge.

RCBC Bankard Flex Gold Visa®

You receive 2x points for every 50 dollars you spend using the RCBC Bankard Flex Gold Visa for supermarket shopping. Your points are doubled if you buy groceries at a supermarket, and you may adjust to your preferred billing cycle if your spending patterns change.

Qualifications

  • A minimum annual income of ₱50,000.

  • Applicants must be 21-65 years old for a primary card and 13-65 years old for a supplementary card.

  • Applicants must be Filipino citizens or Philippines residents.

Benefits and features

  • Cardholders are rewarded 2x points for every 50 dollars spent on groceries.

  • Reward points are doubled if you buy groceries from a supermarket.

  • A ₱250 annual charge, a ₱600 over-limit fee, and a 2% loan interest rate are among the fees associated with this card. If your monthly spending exceeds your credit limit, the bank will charge you ₱850 or the minimum amount payable if it's less.

No annual fee grocery credit cards

AUB Easy Mastercard®

You will enjoy flexible payment terms besides the annual fee waiver. The card also earns you one point for every ₱20 you spend on grocery purchases and other eligible purchases.

Qualifications

  • You must be at least 21 years old to apply for this card.

  • Your monthly gross income should be ₱21,000 or more.

  • You must be a Filipino citizen or a Philippines resident.

Benefits and features

  • No annual fee.

  • No interest in new purchases.

  • Cardholders have the freedom to choose when to repay their loans and the method of payment they prefer.

  • The cash advance on this card attracts a 2% monthly interest and a ₱750 late payment fee.

PNB Ze-Lo MasterCard®

It is the go-to credit card for people on low incomes who make at least ₱21,000 a month in gross income. The bank charges a low-interest rate on loans, and there are no late payments or over-limit costs in addition to waived annual fees.

Qualifications

  • You must be 21-65 years old.

  • You must be employed with relevant documents to show the date of employment and gross income.

  • Or you must be self-employed with an income tax return certificate to show your gross income.

  • You must must have a good credit history.

Benefits and features

  • No annual fee.

  • No late payment fee.

  • Lower finance charge.

  • Lower minimum due date.

Citi Simplicity+®

Citi Simplicity+ is an interest-bearing secured credit card with no annual fee.

Qualifications

  • For the secured MasterCard, you must be above 21.

  • You should earn at least 180,000 per year.

  • You must be employed and have relevant documents for proof of income.

  • Or you must be self-employed with relevant documents such as tax returns certificate to prove your income.

Benefits and features

  • Zero annual fee and low interest on loans.

  • A ₱1500 reward for your grocery shopping when you hit the required amount.

  • Citibank will not charge you late fees or over-limit penalties if you do not pay the minimum amount by the deadline if you use this secured grocery credit card and exceed your credit limit.

How to apply for a credit card for groceries?

Before applying for a credit card to use at the grocery stores, ‌do extensive research on the requirements, features, and benefits of different cards and choose the most ideal. Here are the general requirements for new and existing cardholders.

Prequalification

Different banks have different prequalification requirements for a credit card to use at grocery stores. The common ones include:

  • Age. You must be aged 18-71 years. The minimum age requirement for banks ranges from 18-21, while the maximum age is between 65-71.

  • Annual income. Your gross annual income determines whether you qualify for a credit card. Different banks have different minimum yearly income requirements for grocery cards. Before applying for a card, you must provide proof of income, such as payslips, bank statements, and business records.

  • Citizenship and residency. Some banks operate within specific geographical regions, such as countries or continents, while others operate globally. When applying for a credit card in the Philippines, your national ID or any other photo-bearing ID such as a driving license is required to prove your identity. If you are a foreign citizen, you must have proof of residency, such as visa and employment letters.

  • Identification documents. They should contain your birth date, legal name, and address. A social security number is also required to confirm your credit status.

Application

You can apply for your credit card online, in a bank, by mail, or on the phone through the mobile app. If you want to apply to a bank, you should visit the nearest branch, fill out an application form, and attach copies of all required documents. The good thing about bank applications is getting direct advice from the customer care personnel.

Applying on the phone, through email, or on the bank's website is more convenient because you can do it remotely. Here are the steps to follow.

  1. Access the bank's site and click on Apply. An application form pops up, which you should fill out. All the required details must be correct to avoid disqualification.

  2. Submit your application. Once you have filled out all the required fields and uploaded the required documents, you can submit your application, and the bank will assess it.

  3. Wait for approval. Your application will be approved if you meet all the requirements and fill out the form correctly. The approval time for different banks differs, but you should expect a response within 1-10 days.

  4. After the bank notifies you of your application approval, you can collect your card from your branch.

How to repay a credit card loan debt?

You can pay back your loans by depositing them into your account at the ATM, payment center, or branch closest to you. You can pay back your loan online if the lender authorizes your account for the mobile app. The most typical method of repaying your loan is through an automatic debit arrangement, in which the bank directly deducts the amount you owe.

If you are repaying online, follow these steps:

  1. Visit your lender's website

  2. Enter your name, email address, phone number, or any other authorization details required by the lender.

  3. Select the account to credit.

  4. Select the loan to pay and enter the amount. You will receive a reference number instantly.

  5. Enter the one-time pin sent to your email and approve.

  6. You will receive a confirmation message once your payment is received.

Pros and cons of using a credit card for groceries

Credit cards make transactions fast and convenient and save time because you can access their services remotely. If not used responsibly, however, they can make you sink into huge debts or lose your good credit rating. Before you apply for a credit card, check out the advantages and disadvantages of using them.

Pros

  1. They enable you to make payments and purchases and repay the loan later.

  2. You can access fast cash through cash advance to your phone or from your nearest ATMs for emergencies.

  3. They enable users to invest at home and abroad without leaving their country.

  4. There are many rewards for different card users.

  5. Credit card loans get approved faster than other bank loans.

  6. Interest on credit cards is lower than on other loans.

Cons

  1. If used irresponsibly, they can lead to huge debts.

  2. Some banks charge high penalties for late payment and over-limit use.

  3. Low-income earners are not eligible for most credit cards.

Legal regulation of the credit card loan market in the Philippines

All banks and lending bodies are registered by the Securities and Exchange Commission (SEC). The lending company regulation act (R.A. No. 9474) and the Bangko Sentral Ng Pilipinas (BSP) regulate the lending companies to protect customers against unreasonable interest rates. Before registering a bank or other lenders, the SEC ensures adherence to the set rules and requirements. The latter include written lending terms, which clearly state the interest and additional charges to prevent lenders from enticing borrowers with attractive perks with hidden exorbitant charges. SEC plays the role of regulating the market by keeping lenders with a get-rich-quick scheme at bay.

The Lending Company Regulation Act (R.A. No. 1974). Also known as the lending and regulation act of 2007, the R.A. was signed by the president to regulate the establishment of lending companies. The act places its operations in a sound, efficient and stable condition to offer optimum advantages to borrowers. It also lays down the minimum requirements and standards under which the companies should operate to mitigate undue advantage on the borrowers by the lenders through unreasonable interest rates.

Among other things, the act:

  • Explains what a lending company is and list the institutions that qualify as lenders.

  • States how a lending company should be organized

  • States that the minimum capital requirement for lending companies is ₱1,000,000.

  • Stipulates that the citizenship requirement of lenders is that Filipino citizens should own at least 51% of the stocks.

  • States that the interest rate on loans can be agreed upon by the lending body and the borrower but must comply with Republic Act No. 3765, also known as the "Truth in Lending Act."

The Bangko Sentral Ng Pilipinas (BSP). BSP is the central bank of the Philippines, with a board that controls the financial system in the country. It ensures price stability and efficiency in the payment system; PSP protects the borrowers by performing the following duties.

  1. Formulates and implements the policy in banking and credit businesses to maintain price stability.

  2. Oversees payment and settlement systems and financial infrastructures to foster prudent practices by lenders.

  3. Ensures banks and other lending bodies only collect what they state in their terms from borrowers.

  4. Sets the fees and interest a lender should get if they are found operating outside the set regulations.

The real cost of a credit card loan

Credit card loans are convenient and enable you to make purchases, access cash, invest, and pay later. Other than the monthly or annual fee on loans borrowed, there are more charges on different credit cards. Investing in all the costs you will incur while using your credit cards for groceries and other purchases is essential. Here are some of the expenses you may encounter.

  1. Annual fees. Different grocery store credit card types attract different annual fee amounts. Most cards offer a waiver on the annual fee for the first year, while others have it waived for life. When choosing a credit card, consider a no-annual-fee card if it meets your shopping needs.

  2. Balance transfer fee. You can transfer funds and balances from one credit card to another. The balance transfer attracts foreign transaction fees for international transfers.

  3. Late payment and over-limit fee. Your credit card provider will charge you an interest rate for exceeding your credit limit or paying your loan late. However, there are some credit cards for groceries whose late payment and over-limit fees are zero.

Conclusion

Credit cards are a convenient way of investing, settling bills, and accessing loans for emergencies. With many cards in the market, it is crucial to analyze your options extensively and understand the real cost of using a credit card. You should also only make necessary purchases and borrow when in need to avoid unnecessary charges on loan interests and penalties. Usually, a credit card for groceries does not allow you to make other purchases. You can only make eligible purchases from groceries that accept certain credit cards. Besides, you can always check your eligible spend category to ascertain how much you can spend. Also, while some credit cards for groceries charge an annual fee, others have a fixed monthly plan fee which you have to pay at the end of a billing cycle.