PSBank Credit Mastercard: fees, interest and requirements
The PSBank Credit Mastercard has no annual fee, charges 3% a month on unpaid balances and needs a minimum income of ₱350,000 a year.
Verdict: Worth it as a no-fee card you pay in full each month. Skip it if this would be your first credit card or if you earn under ₱350,000 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 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 Metrobank M Free Mastercard. Against it, this card asks for ₱350,000 a year in income against ₱446,000 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.
Who should get the PSBank Credit Mastercard
| If | Then |
|---|---|
| This would be your first credit card | Skip it for now: Metrobank says you must be a principal cardholder with another bank for at least 9 months with a credit limit of at least PHP 50,000. Start with one of the first cards that need no card history. |
PSBank Credit Mastercard downsides, and what a late payment costs
- Not a first card: you need a card from another bank already.
- 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.
PSBank Credit Mastercard annual fee, interest and charges
| Charge | PSBank Credit 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
Card history: Metrobank says you must be a principal cardholder with another bank for at least 9 months with a credit limit of at least PHP 50,000, so this cannot be your first card.
Income: at least ₱350,000 a year (about ₱29,167 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
Questions
What are the requirements for the PSBank Credit Mastercard?
At least ₱350,000 a year in income (about ₱29,167 a month). Metrobank says you must be a principal cardholder with another bank for at least 9 months with a credit limit of at least PHP 50,000. Metrobank's age and document rules are the same for all its cards.