Metrobank M Free Mastercard: fees, interest and requirements
The Metrobank M Free Mastercard has no annual fee, charges 3% a month on unpaid balances and needs a minimum income of ₱446,000 a year.
Verdict: Worth it as a no-fee card you pay in full each month. Skip it if you earn under ₱446,000 a year or if you spend a lot abroad (3.5% foreign fee).
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 and there is no annual fee to add, 2nd lowest of 127 cards open to the public (tied with 12).
Metrobank's closest card is the PSBank Credit Mastercard. Against it, this card asks for ₱446,000 a year in income against ₱350,000 a year.
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.
Metrobank M Free Mastercard downsides, and what a late payment costs
- 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 M Free Mastercard annual fee, interest and charges
| Charge | Metrobank M Free Mastercard | When, and the rule |
|---|---|---|
| Annual fee | No annual fee | Fee table: Primary: Perpetually Waived; supplementary: Perpetually WaivedMetrobank 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 credit card comparison. 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
Income: at least ₱446,000 a year (about ₱37,167 a month). bank page
Apply with the button below. Channels, documents, status and hotline: Metrobank contact and requirements.
Apply for the Metrobank M Free Mastercard on Metrobank's site
Interest on your own balance
- Interest you pay at 3% a month:
- ₱1,212
- Monthly payment:
- ₱7,071
- Total you pay:
- ₱21,212