Metrobank Cashback Visa: fees, interest and requirements
The Metrobank Cashback Visa has an annual fee of ₱3,500 a year, waived in the first year, charges 3% a month on unpaid balances and needs a minimum income of ₱480,000 a year.
Verdict: Worth it if the cash back on your own spending comes to more than ₱3,500 a year. The first year is free. Skip it if this would be your first credit card or if you earn under ₱480,000 a year.
From Metrobank credit card rates and fees, dated 15 June 2026. Interest cap, in force since 2023: BSP Circular No. 1165, s.2023.
₱20,000 repaid in 3 equal monthly payments at 3% a month costs ₱1,212 in interest; add the ₱3,500 annual fee and a year comes to ₱4,712, 79th lowest of 127 cards open to the public (tied with 4).
Metrobank's closest card is the Metrobank Rewards Plus Visa. Against it, this card costs ₱3,500 a year instead of ₱2,500, asks for ₱480,000 a year in income against ₱180,000 a year, earns rewards on different terms and has different perks.
BSP supervised: Metropolitan Bank and Trust Company, universal and commercial bank, BSP institution ID 33, is on the BSP Verifier list dated Sep 28, 2026.
What the Metrobank Cashback Visa gives you
- Get up to PHP 12,000 rebate per year; Up to 5% rebate on groceries, telecom, school and bookstore spend, if outstore spend of PHP 12,000 is met; 0.2% Rebate on other purchases Metrobank page
Who should get the Metrobank Cashback Visa
| If | Then |
|---|---|
| You pay in full every month and want a cash back card | The Security Bank Wave Mastercard (Security Bank) asks the same or a lower income and costs ₱3,500 a year less. Pick the Metrobank Cashback Visa only if its rewards are worth more than that to you. |
| This would be your first credit card | Skip it for now: Metrobank asks for minimum annual income of PHP 480,000, at least 6 months employed as a regular employee, and a principal cardholder with another bank for at least 9 months. Start with one of the first cards that need no card history. |
Metrobank Cashback Visa downsides, and what a late payment costs
- Not a first card: you need a card from another bank already.
- The ₱3,500 fee is charged every year after the waiver ends.
- Foreign currency purchases cost 3.5% extra.
If you pay late: Metrobank charges up to ₱1,000, and 3% a month interest runs on what is unpaid. Safe action: pay at least the minimum due (₱1,000 on a ₱20,000 statement) by the due date, or the full balance to pay no interest.
Metrobank Cashback Visa annual fee, interest and charges
| Charge | Metrobank Cashback Visa | When, and the rule |
|---|---|---|
| Annual fee | ₱3,500 a year Supplementary: ₱1,750 a year | Waived in the first year. Supplementary: free for life on the 1st supplementary. Fee table: Primary: 3,500 (waived on 1st Year); supplementary: PHP 1,750 (Free for life on the 1st Supplementary)Metrobank fee table, 15 June 2026 |
| Interest | 3% a month | At the BSP ceiling of 3% a month (Circ. 1165). same table |
| Cash advance | ₱200 a withdrawal plus 3% a month interest | The BSP maximum (Circ. 1165). same table |
| Minimum due | ₱1,000 on a ₱20,000 first statement | Paying only the minimum, ₱20,000 takes about 31 months to clear and about ₱10,999 in interest. How Metrobank bills. same table |
| Late payment | ₱1,000 | same table |
| Foreign transactions | 3.5% | same table |
Figures from Metrobank credit card rates and fees (dated 15 June 2026), Metrobank Cashback Visa page. BSP ceilings: BSP Circular No. 1165, s.2023. How Metrobank words its late-fee, foreign-fee and minimum-due rules, the same on all its cards: Metrobank billing rules.
Requirements and how to apply
Card history: Metrobank asks for minimum annual income of PHP 480,000, at least 6 months employed as a regular employee, and a principal cardholder with another bank for at least 9 months, so this cannot be your first card.
Income: at least ₱480,000 a year (about ₱40,000 a month). bank page
Apply with the button below. Channels, documents, status and hotline: Metrobank contact and requirements.
Interest on your own balance
- Interest you pay at 3% a month:
- ₱1,212
- Monthly payment:
- ₱7,071
- Total you pay:
- ₱21,212
Against similar cards from other banks
| Card | Annual fee | Interest a month | ₱20,000 over 3 months, plus fees | Minimum income |
|---|---|---|---|---|
| Metrobank Cashback Visa Metrobank | ₱3,500 a year first year free | 3% | ₱4,712 | ₱480,000 a year |
| China Bank Velvet Visa Signature China Bank | ₱3,500 a year first year free | 3% | ₱4,712 | ₱250,000 a year |
| China Bank Platinum Mastercard China Bank | ₱3,500 a year first year free | 3% | ₱4,712 | ₱250,000 a year |
| China Bank Cash Rewards Mastercard China Bank | ₱299 a month first year free | 3% | ₱4,800 | ₱250,000 a year |
Questions
What are the requirements for the Metrobank Cashback Visa?
At least ₱480,000 a year in income (about ₱40,000 a month). Metrobank asks for minimum annual income of PHP 480,000, at least 6 months employed as a regular employee, and a principal cardholder with another bank for at least 9 months. Metrobank's age and document rules are the same for all its cards.