Toyota Mastercard: fees, interest and requirements
The Toyota Mastercard 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 cash back on your own spending comes to 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 Metrobank Rewards Plus Visa. Against it, this card earns rewards on different terms, runs on Mastercard, not Visa 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 Toyota Mastercard gives you
- 1 point for every PHP 20 spent, a 3% fuel rebate at Petron, and double points at preferred Toyota dealers Metrobank page
- 10% off parts, accessories and labour at Toyota same page
- Double rewards points at preferred Toyota dealers same page
Who should get the Toyota Mastercard
| If | Then |
|---|---|
| You pay in full every month and want a cash back card | No cash back card from another bank costs less a year for the same or a lower income. |
Toyota Mastercard 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.
Toyota Mastercard annual fee, interest and charges
| Charge | Toyota Mastercard | When, and the rule |
|---|---|---|
| Annual fee | ₱2,500 a year Supplementary: ₱1,250 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 1,250 (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.
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 |
|---|---|---|---|---|
| Toyota Mastercard 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 |
| PNB Cashback Titanium Mastercard PNB | ₱2,500 a year first year free | 3% | ₱3,712 | ₱120,000 a year |
| BDO Bench Mastercard BDO | ₱200 a month first year free | 3% | ₱3,612 | ₱180,000 a year |