How to Apply for a Credit Card in the Philippines

How to Apply for a Credit Card in the Philippines

It’s relatively simple for you to understand how to apply for a credit card in the Philippines. Under the simplicity of it all, there are a few important pointers that will almost ensure that your credit card application gets approved.

We’ve created this simple guide to applying for a credit card, but first, here are a few things that you should know beforehand.

Basic Requirements

In order for anyone to apply for a credit card in the Philippines, they should first have all of the basic requirements in check.

These requirements are usually the same for most, if not all of the banks in the country.

Keep in mind that the first step in getting a credit card is knowing whether or not you’re qualified to get one. here are the most basic credit card requirements:

  • You should be at least 21 years of age.
  • You should be a Filipino citizen, or a foreigner that is legally living within the Philippines.
  • You should have a home, office, or business address that is near a branch of the specified bank.
  • You should have at least one landline and mobile phone.
  • You should have been working as a regular employee for 1 year, or at least 2 years of profitable business for self-employed individuals.
  • You should provide your gross annual income. This would usually need to be at least PHP 120,000.

Aside from these principal qualifiers, you should also have a number of important documents at the ready as these may differ from bank to bank.

  • Completed and signed credit card application form.
  • Valid ID bearing credit card applicant’s recent photo and signature.
  • Certificate of Employment
  • Latest BIR form 2316 or Income Tax Return.
  • Pay slips for the past two to three months.
  • The latest BIR Form 1701 and latest financial statements (this is for self-employed applicants).
  • Alien Certificate of Registration or Immigrant Certificate of Registration and Work Permits (for foreign residents).

Now that you know the basics, here’s a short guide on how you can apply for credit cards in the Philippines based on the bank that you’ll be choosing.

Bear in mind that by now, you should already know what kind of credit card you’re going to choose. You can check out our article on the different types of credit cards here if you haven’t checked it out yet!

Citibank

With 7 different cards to choose from, Citibank boasts credit card types that fit different budgets and spending habits.

Qualifications

  • Must be at least 21 years old.
  • Must have an annual gross income of PHP180,000
  • Must have an active landline and/or mobile phone number
  • Must have a valid TIN and SSS/GSIS number

Required Documents

If this is your first principal credit card:

  • Government-issued ID
  • Proof of income (e.g. Payslip, ITR)
  • Bank statement of your payroll account showing your one-month salary
  • Signed Certificate of Employment.

If you already have another principal credit card:

  • Government issued ID.

Credit Card Fees

We’ll be using the Citi Premier Miles Card as a basis for their credit card fees.

Credit Card Fee Cost
Annual Fee (Principal) PHP5,000
Annual Fee (Supplementary) PHP2,500
Card Replacement Fee PHP400
Sales Slip Retrieval Fee PHP250
Late Payment Fee PHP850
Cash Advance Charge PHP500 or 3% of Cash Advance Amount

Application Process

Citibank does their credit card applications primarily online. Here’s a link to their credit card application page.

Since it’s all done within a browser, the process is fairly easy.

  1. The credit card application page lists their credit cards, you can choose to display them by popularity, or ease of use.
  2. Click on the “Apply Now” button next to your chosen Citi credit card. Once you do this, you’ll be redirected to the online application form for that specific card.
  3. Answer the questions truthfully and tick the appropriate responses to their questions.
  4. You’ll also be asked to provide information such as your contact details, personal information, and employment data.
  5. Once you’re done with this application and are deemed qualified for a Citibank credit card, you’ll be tasked to upload images of your income documents to the Citibank online application facility.

PNB (Philippine National Bank)

Right now, PNB is popular for one credit card, and that is the PNB-PAL Mabuhay Miles World Mastercard. It’s one of the best travel credit cards in the country, especially if you frequently fly with Philippine Airlines.

Qualifications

  • Must be a Filipino Citizen and a Philippine Resident.
  • Must be at least 21 years of age.
  • Must be Employed as a Regular Employee for at least one year OR self-employed profitably for at least 2 years.
  • Must have a Gross Annual Income of at least PHP120,000

Required Documents

  • Government-issued, photo-bearing ID (Driver’s License, Passport, TIN, SSS ID, Unified Multi-Purpose ID) OR a Company ID issued by private entities or institutions registered with or supervised or regulated either by BSP, SEC, or IC.

For Employed Individuals

  • Certificate of Employment stating your date hired, position, and gross income; OR Latest Income Tax Return; OR Latest 3 months pay slips.

For Self Employed Individuals

  • Latest Audited Financial Statement OR Latest Income Tax Return OR Copy of Registration Papers with DTI or SEC

Credit Card Fees

We’ll be using the PNB-PAL Mabuhay Miles World Mastercard as a basis for their credit card fees.

Credit Card Fee Cost
Annual Fee (Principal) PHP6,000
Annual Fee (Supplementary) WAIVED
Card Replacement Fee PHP400
Sales Slip Retrieval Fee PHP400
Late Payment Fee PHP300
Cash Advance Charge 5% of Cash Advance Amount + PHP100

Application Process

PNB has a more old school way application process wherein you have to literally write on a form and send it to them.

  1. Download their application form and print it out.
  2. Fill out the form completely and clearly. The cleaner the form is, the better.
  3. After filling it all out, you can choose whether to have it scanned and send the accomplished form via email to PNBCreditCards@pnb.com.ph together with a copy of one of your Valid IDs and your most recent pay slip. Or you may also submit the accomplished form to the nearest PNB branch.

Metrobank

This bank has 15 types of credit cards. So you will surely get one that is more in line with what your spending habits are with just enough research.

Qualifications

  • Must be 18 to 70 years old to apply for a Principal card.
  • Must have a Gross Annual Income of at least PHP180,000.
  • Must have a valid TIN, SSS, GSIS, or UMID number.
  • Must have a Business or Residence Landline number.
  • Must have a Mobile Number

For Employed Individuals

  • Must be a Regular Employee or at least 6 months tenure of the current employer.

For Self-Employed Individuals

  • Must have spent at least 2 years in the current business.

Required Documents

  • Proof of Identification (any of the following items listed below)
    • Passport
    • Driver’s License
    • SSS/GSIS ID
    • Unified Multipurpose ID
    • BIR/TIN ID
    • PRC ID
    • Company ID is issued by a private entity or institution registered with, supervised, or regulated by the BSP, SEC, or IC.
    • All other valid IDs issued by the Philippine government and its instrumentalities per BSP Circular No. 608.
  • Proof of Income

For Employed Individuals, any of the following:

  • Copy of the latest Income Tax Return duly stamped as received by the BIR or its authorized agent; OR employee’s copy of BIR Form 2316 duly signed by the employer.
    • Copy of at least 3 months pay slip from date of application.
    • Original copy of Certificate of Employment (only for top 1,000 corporations. Must contain name, position, date of employment, and Gross Annual Income)

For Self Employed, any of the following:

  • Copy of latest Audited Financial Statement with bank or BIR stamp.
    • Copy of the latest Income Tax Return duly stamped as received by the BIR or its authorized agent.

For individuals with existing credit cards from other banks

  • Latest billing statement of Credit card/s with at least one year as a principal holder.

For Foreigners

  • Proof of Income or Employment AND a copy of Alien Certificate of Registration/Immigrant’s Certificate of Residence or VISA

Credit Card Fees

We’ll be using the Metrobank Travel Platinum Visa as a basis for their credit card fees.

Credit Card Fee Cost
Annual Fee (Principal) PHP5,000
Annual Fee (Supplementary) PHP2,500
Card Replacement Fee PHP400
Sales Slip Retrieval Fee n/a
Late Payment Fee PHP850 or the unpaid minimum amount due
Cash Advance Charge 5% Cash Advance Amount + PHP100

Application Process

Same as Citibank, Metrobank also facilitates their credit card applications primarily online.

  1. Visit their credit card application page.
  2. Make sure that you fill out the online form completely, read the terms and conditions, and don’t forget about the captcha.
  3. Submit all of the required documents as soon as possible to allow the application to commence.

BDO

BDO provides a very lucrative way of providing you with the most optimal credit card for you. With just a few questions, they’ll be able to pinpoint which of their credit cards is the best fit for you!

Qualifications

  • Must be 21 to 70 years of age for Principal cardholder.
  • Must be a Filipino Citizen or a foreigner who has been a permanent resident in the Philippines for the last 2 years.
  • Must have a Gross Fixed Annual Income of at least PHP180,000.
  • Must be a regular employee or a self-employed individual with a business operating for at least 2 years.
  • Must have a residence or office that is near or within any area where a BDO branch is located.

Required Documents

  • Proof of Identification

For Filipino Citizens

  • Any valid photo-bearing identification document.
    • Company ID, if the company is SEC, IC, or BSP supervised/registered.
    • Government Issued IDs such as Passports, Driver’s License, SSS ID, etc.

For Foreigners

  • Copy of Employment Contract or Certificate of Employment
    • Letter from the Embassy (for embassy officials)
    • Any of the following documents:
      • Valid visa and work permit
      • Alien Certificate of Registration or Immigrant Certificate of Registration or ACR-I
      • Valid Passport with either Special Investors Resident VISA/Special non-immigrant visa for PEZA investors and employees
      • VISA with EO226
  • Proof of Income

For Employed Individuals

  • Copy of the Latest Income Tax Return duly stamped as received by the Bureau of Internal Revenue or BIR Form 2316 signed by employer’s authorized representative (mandatory).
    • Latest full-month’s pay slip/s; Original Certificate of Employment indicating status, service tenure, and compensation breakdown; or if with existing credit cards, copy of the last 2 months statement of account of your credit card that is at least 1 year on the books.

For Self-Employed Individuals

  • Copy of the latest Income Tax Return duly stamped as received by the Bureau of Internal Revenue and Audited Financial Statements for at least 2 years (mandatory).
    • Photocopy of registration of Business Name (Mandatory): DTI Registration for single proprietorship or SEC Registration for Partnership/Corporation.

Credit Card Fees

We’ll be using the BDO Cathay Pacific American Express Elite as a basis for their credit card fees.

Credit Card Fee Cost
Annual Fee (Principal) PHP5,000
Annual Fee (Supplementary) PHP2,500
Card Replacement Fee PHP400
Sales Slip Retrieval Fee PHP300
Late Payment Fee 7% of the Overdue Amount
Cash Advance Charge 5% of Cash Advance Amount or PHP500

Application Process

BDO is known as one of the best credit card providers in the country thanks to their many additional advantages apart from the standard credit card benefits.

  1. You can let BDO suggest a credit card for you or just choose one you want to apply for.
  2. Next, you can choose go for an online application or you can download an application form that you can fill out as seen here.
  3. By now, you should know whether or not you’re eligible for the credit card you’re applying for. Completely fill out the form.
  4. Make sure you submit all of the required documents along with your application form to a BDO Branch of your choice.
  5. You can find out whether your application is approved or not by checking it’s status right here.

AUB

The credit cards provided by the Asia United Bank are known for their flexibility of payment. They let their customers choose when and how much they’re willing to pay from a list of preapproved amounts.

Qualifications

  • Must be within 21 to 65 years of age.
  • Must have a Gross Annual Income of PHP252,000 to PHP1,200,000
  • Must be a regular employee with a registered Company/Corporation for at least 1 year.
  • If self-employed, must be in a registered business, operating profitably for at least 1 year.
  • If a licensed professional, must be practicing for at least 1 year.
  • Must have a mobile phone and an office landline.
  • Must have an active email address.

Required Documents

  • Copy of Any Government Issued ID with photo or employment ID
  • Documents stating your incoming such as:

For Employed Individuals,

  • Latest Income Tax Return (BIR Form 2316)
    • Certificate of Employment or Compensation
    • Latest 1 month pay slip

For Self-Employed Individuals

  • Income Tax Return (Form 1701, 1701Q)
    • Latest Financial Statements; and
    • DTI Registration (preferably under the individual’s name

Credit Card Fees

We’ll be using the BDO Cathay Pacific American Express Elite as a basis for their credit card fees.

Credit Card Fee Cost
Annual Fee (Principal) Free
Free PHP2,500
Card Replacement Fee PHP500
Sales Slip Retrieval Fee PHP250
Late Payment Fee PHP700
Cash Advance Charge n/a

Application Process

AUB has a simple application process that is straight to the point and relatively easy to do.

  1. First you should visit the cards page of their website. This is divided between the easy and classic, gold and platinum, and secured cards. Choose which one you would like to apply for.
  2. The perks and benefits are laid out there. once you’ve chosen, click on “Apply Now”. This should prompt a popup detailing all the requirements for every card.
  3. Review them and click the “Apply Now” button at the bottom.
  4. If you’re eligible, you’ll be sent various verification procedures.
  5. Afterwards, you’ll be provided with an online form that you should fill out and eventually submit along with a copy of your required documents.

It’s best to make sure that your credit card application is done smoothly. Double check all of your documents and keep in mind exactly what you’re getting with your credit card.

Be careful when following up on a card application. A lot of credit card issuers treat this as you needing money badly possibly affecting your credit score negatively.

Be patient with your credit card application. don’t rush the process. Think carefully about whether or not you need it, or if there are better options and alternatives.

Was this helpful?

Close Menu