Metrobank Rewards Plus Visa: fees, interest and requirements
The Metrobank Rewards Plus Visa has an annual fee of ₱2,500 a year, waived in the first year, charges 3% a month on unpaid balances and needs a minimum income of ₱180,000 a year.
Verdict: Worth it if the points you redeem are worth more than ₱2,500 a year. The first year is free. Skip it if you earn under ₱180,000 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; add the ₱2,500 annual fee and a year comes to ₱3,712, 48th lowest of 127 cards open to the public (tied with 13).
Metrobank's closest card is the Toyota Mastercard. Against it, this card earns rewards on different terms, runs on Visa, not Mastercard 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 Rewards Plus Visa gives you
- 2x Rewards Points on all online, gadget, telco and delivery transactions; 2x rewards points on online, gadget, telco and transportation spend Metrobank page
Who should get the Metrobank Rewards Plus Visa
| If | Then |
|---|---|
| You pay in full every month and want a rewards points card | The PNB Essentials Mastercard (PNB) asks the same or a lower income and costs ₱1,300 a year less. Pick the Metrobank Rewards Plus Visa only if its rewards are worth more than that to you. |
Metrobank Rewards Plus Visa downsides, and what a late payment costs
- The ₱2,500 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 Rewards Plus Visa annual fee, interest and charges
| Charge | Metrobank Rewards Plus Visa | When, and the rule |
|---|---|---|
| Annual fee | ₱2,500 a year Supplementary: ₱1,500 a year | Waived in the first year. Supplementary: free for life on the 1st supplementary. Fee table: Primary: 2,500 (waived on 1st Year); supplementary: PHP 1,500 (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 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 ₱180,000 a year (about ₱15,000 a month). bank page
Apply with the button below. Channels, documents, status and hotline: Metrobank contact and requirements.
Apply for the Metrobank Rewards Plus Visa 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
Against similar cards from other banks
| Card | Annual fee | Interest a month | ₱20,000 over 3 months, plus fees | Minimum income |
|---|---|---|---|---|
| Metrobank Rewards Plus Visa Metrobank | ₱2,500 a year first year free | 3% | ₱3,712 | ₱180,000 a year |
| UnionBank Rewards Platinum Mastercard UnionBank | ₱2,500 a year | 3% | ₱3,712 | ₱180,000 a year |
| BDO Bench Mastercard BDO | ₱200 a month first year free | 3% | ₱3,612 | ₱180,000 a year |
| BDO Visa Classic BDO | ₱150 a month first year free | 3% | ₱3,012 | ₱180,000 a year |