Cashback Credit Cards

There are two kinds of cashback credit cards. The general kind which gives a certain amount of credit per amount spent and the more specific kind which gives rebates for specific items and specific places.

General Cashback Cards

The broader kind of cashback cards calculate what amount of money to credit to your account from a specific percentage of your money spent. For example:

HSBC's Gold Cashback Visa

Cashback rates:
5% for dining
3% for gas from Caltex (only)
0.5% for everything else

To calculate:
PhP2000.00 was spent for dining, PhP5000.00 was spent for gas from Caltex, and PhP5000.00 was spent on everything else for this credit cycle.
Calculated cashback:
-5% of PhP2000.00 = PhP100.00
-3% of PhP5000.00 = PhP150.00
-0.5% of PhP5000.00 = PhP25.00
-Total cashback amount = PhP275.00

You can see that a greater amount was from dining, which has a 5% cashback offer. That is why it is best to know the cashback percentage rates if you use a cashback card. I can personally say that this is a preferred credit card of mine. I enjoy using it because it not only gives a good cashback rate but also has many, many exclusive offers from HSBC for airline tickets, discounts, and special promos. More importantly though, HSBC offers an amazing installment plan with partner merchants.

Requirements:
Annual income of PhP200000

Other good examples are:

Security Bank Cashback

Cashback rates:
1% for shopping
2% for dining
3% for utility spends
4% for gas
5% for groceries and gas from Seaoil branches

You can see that the cashback percentage is higher for the HSBC card, but this one has more cashback options

Requirements:
Annual income of PhP360000

Citi Visa Cashback

Cashback rates:
0.2% for gas, travel, shopping, and dining
2% for Meralco bills
6% for groceries

Even more visible here is how the Citi card would be a better choice for groceries

Requirements:
Annual income of PhP180000

Partner-Specific Cashback Cards

These cards will give you even better cashback or discounts for transactions done with the issuing bank's partner merchants. BDO and RCBC in particular have several.

*There is still a conclusion down below. These are quite a lot of cards

East West Bank Hyundai Mastercard

Rates:
10% discount on Hyundai parts and services
5% rebate (cashback) for gas purchases
0.5% rebate (cashback) for all other purchases

Requirements:
Annual income of PhP180000

Metrobank Toyota Mastercard

Rates:
3% rebate (cashback) for gas from Petron
10% discount for Toyota services

Requirements:
Annual income of PhP180000

Metrobank Robinsons Classic Mastercard

Rates:
10% rebate (cashback) when buying from Robinsons Department Stores during the payday weekends

Requirements:

Annual income of PhP180000

Metrobank Robinsons Gold Mastercard

Rates:
10% rebate (cashback) when buying from Robinsons Department Stores during the payday weekends

Requirements:

Annual income of PhP480000

BPI Ayala Malls Amore Visa

Rates:
1% rebate (cashback) for groceries in Ayala Malls
1% discount from bookstores, electronics centers, appliance stores in Ayala Malls
3% rebate (cashback) for shopping in Ayala Malls (maximum PhP15000)
4% rebate (cashback) for dining in Ayala Malls
5% discount for cinema tickets in Ayala Malls

Requirements:
Annual income of PhP180000

BPI Ayala Malls Amore Visa Platinum

Rates:
1% rebate (cashback) for groceries in Ayala Malls
1% discount from bookstores, electronics centers, appliance stores in Ayala Malls
3% rebate (cashback) for shopping in Ayala Malls (maximum PhP25000)
4% rebate (cashback) for dining in Ayala Malls
5% discount for cinema tickets in Ayala Malls

Requirements:
Annual income of PhP1000000

BDO Bench Mastercard

Rates:

20% discount on Bench merchandise on your birthday month (minimum purchase of PhP1500)
10% discount when buying Bench merchandise online (minimum purchase of PhP1500)
Discounts from Bench partner merchants

Requirements:
Annual income of PhP180000

BDO Forever 21 Mastercard

Rates:
10% discount on Forever 21 merchandise (minimum purchase of PhP3000)

Requirements:
Annual income of PhP180000

BDO ShopMore Mastercard

Rates:
5% cashback for spending during SM 3 Day Sales

Requirements:
Annual income of PhP180000

BDO Laus Autogroup Mastercard

Rates:
10% discount for parts and services from Laus Autogroup dealerships

Requirements:
Annual income of PhP180000

Citi Mercury Drug Card

Rates:
10% rebate (cashback) for Mercury Drug purchases and hospital bills from participating hospitals
0.25% rebate (cashback) for groceries and gas

Requirements:
Annual income of PhP180000

Citi Shell Card

Rates:
5% rebate (cashback) for gas from Shell stations, all auto repairs and services nationwide, and
NLEX and SLEX toll fees.

Requirements:
Annual income of PhP180000

RCBC Bankard Mango Mastercard

Rates:
No rebates but exclusive sales and 0% installment options

Requirements:

Annual income of PhP180000

RCBC Bankard Landmark Mastercard

Rates:
5% rebate for purchases from Anson's, Landmark Department Store, and Landmark Supermarket

Requirements:

Annual income of PhP180000

RCBC Bankard Wilcon Mastercard

Rates:
No rebates, but 3x reward points and zero interest installment rates for purchases from Wilcon

Requirements:

Annual income of PhP

RCBC Bankard Fully Booked Mastercard

Rates:
0.5% rebate (cashback) for purchases from Fully Booked of <PhP10000
5% rebate (cashback) for purchases from Fully Booked of  PhP10000-19000
10% rebate (cashback) for purchases from Fully Booked of PhP20000 and up

Requirements:

Annual income of PhP180000

RCBC Bankard LJC Mastercard

Rates:
Year round 10% discount in restaurants of the LJC Group
Birthday discount (amount depends on the size of the party)

Requirements:

Annual income of PhP180000

RCBC Bankard Sta. Lucia Mall Mastercard

Rates:
1% discount at the Sta. Lucia Supermarket
5% rebate (cashback) for retail transactions with participating merchants

Requirements:

Annual income of PhP180000

RCBC Bankard Phoenix Mastercard

Rates:
5% rebate (cashback) for gas from Phoenix stations
5% discount on Phoenix motor lubricants

Requirements:
Annual income of PhP180000

RCBC Bankard HBC Mastercard

Rates:
10% rebate (cashback) for purchases from HBC and partner merchants


Requirements:
Annual income of PhP180000

CONCLUSION

So it is clear now. If you have certain shopping habits, one of these cards will greatly benefit you. Therefore, it is now a must to be aware of what would best benefit you. If you want the rewards mentioned here, you should know yourself and what you buy. Only you can find that out.

If you want these cards, you can apply at one of these websites. I did, and they all work!

https://www.moneymax.ph/credit-card

https://www.imoney.ph/credit-card

https://www.ecomparemo.com/credit-card

Thank you for reading my blog. Feel free to comment. I read all my comments.

*All images here were just taken from the internet with the assumption that they are in the public domain. This blog was written with no intention of damaging anyone's public image, just sharing my opinion.

Philippine Credit Cards