Credit Cards With No Annual Fee in the Philippines (2026): For Life vs Conditional

The shortlist

Choose the PNB Ze-Lo Mastercard (PNB) if you want no fee and no conditions on the lowest income.
₱120,000 a year stated minimum. PNB Credit Card Application Form (PNBCardsOmnibusAF_JUN2026) Fee: No annual fee PNB fee table, June 2026
Choose the EastWest Platinum Mastercard (EastWest) if you want travel perks without a fee.
Priority Pass membership; the US$27 lounge fee is credited back for every ₱100,000 accumulated spend. EastWest Platinum Mastercard pageNot for: earners under ₱1,800,000 a year; carrying a balance (3% a month).
Choose the Security Bank Wave Mastercard (Security Bank) if you want cash back without a fee.
1% cash back on online purchases, minimum ₱1,000 online spend, capped at ₱250 a month and ₱3,000 a year. Security Bank Wave Mastercard page Fee: No annual fee Security Bank fee table, 29 August 2025Not for: earners under ₱480,000 a year; carrying a balance (3% a month).

Ranked with cards free for life and with no conditions first, then cards free while you use them, then by the lowest income the bank asks.

Cheapest here to carry a balance: the PNB Ze-Lo Mastercard. ₱20,000 repaid in 3 equal monthly payments at 2.5% a month is ₱1,008 of interest with no yearly fee on top, 1st of 127 cards open to the public.

All 20 compared: fee, income, earn rate and interest

No annual fee credit cards in the Philippines: annual fee and waiver, income needed, earn rate, interest and who each card is not for
#	Card	Annual fee and waiver, with the fee table's date	Income needed	Earn rate	Interest a month	Not for	Source
1	PNB Ze-Lo Mastercard PNB	No annual fee effective June 2026 For life, no conditions	₱120,000 a year	-	2.5% 0.5% under the BSP cap	earners under ₱120,000 a year	PNB fee table, June 2026 income: PNB Credit Card Application Form (PNBCardsOmnibusAF_JUN2026)
2	China Bank Freedom Mastercard China Bank	No annual fee effective February 2023 For life, no conditions	₱250,000 a year	1 rewards point for every ₱30 qualified spend	3% at the cap, BSP Circ. 1165	a first card: it needs another bank's card; earners under ₱250,000 a year	China Bank fee table, February 2023 income and earn rate: card page
3	PSBank Credit Mastercard Metrobank	No annual fee effective 15 June 2026 For life, no conditions	₱350,000 a year	-	3% at the cap, BSP Circ. 1165	a first card: it needs another bank's card; earners under ₱350,000 a year	Metrobank fee table, 15 June 2026 income: Metrobank credit card comparison
4	Metrobank M Free Mastercard Metrobank	No annual fee effective 15 June 2026 For life, no conditions	₱446,000 a year	-	3% at the cap, BSP Circ. 1165	earners under ₱446,000 a year; heavy spending abroad (3.5% foreign fee)	Metrobank fee table, 15 June 2026 income: Metrobank credit card comparison
5	Security Bank Wave Mastercard Security Bank	No annual fee effective 29 August 2025 For life, no conditions	₱480,000 a year	1% cash back on online purchases, minimum ₱1,000 online spend, capped at ₱250 a month and ₱3,000 a year	3% at the cap, BSP Circ. 1165	earners under ₱480,000 a year; carrying a balance (3% a month)	Security Bank fee table, 29 August 2025 income and earn rate: card page
6	EastWest Platinum Mastercard EastWest	No annual fee For life, no conditions	₱1,800,000 a year	1 Platinum Rewards Point for every ₱40 spent	3% at the cap, BSP Circ. 1165	earners under ₱1,800,000 a year; carrying a balance (3% a month)	EastWest credit card fees and charges income and earn rate: card page
7	EastWest Priority Visa Infinite EastWest	No annual fee For life, no conditions	-	1 Infinite Rewards Point for every ₱10 qualified spend, convertible to Asia Miles, KrisFlyer Miles and Mabuhay Miles	3% at the cap, BSP Circ. 1165	carrying a balance (3% a month)	EastWest credit card fees and charges income and earn rate: card page
8	PNB Cart Mastercard PNB	No annual fee effective June 2026 For life, no conditions	-	-	3% at the cap, BSP Circ. 1165	carrying a balance (3% a month)	PNB fee table, June 2026
9	PNB-Alumni Association of Xavier School Platinum Mastercard PNB	No annual fee For life, no conditions	-	PHP 70 = 1 rewards point = 1 Mabuhay Mile (redeemable in blocks of 2,000 points); 4 rewards points = P1 Cash Credit (redeemable in blocks of 500 points)	3% at the cap, BSP Circ. 1165	carrying a balance (3% a month)	PNB-Alumni Association of Xavier School Platinum Mastercard page
10	PNB-The Travel Club Platinum Mastercard PNB	No annual fee For life, no conditions	-	1 rewards point for every P40 spend at The Travel Club and P70 spend elsewhere. Redeem for Mabuhay Miles (1 point = 1 mile, blocks of 2,000) or Cash Credits (4 rewards points = P1 Cash Credit, blocks of 500).	3% at the cap, BSP Circ. 1165	carrying a balance (3% a month)	PNB-The Travel Club Platinum Mastercard page
11	UnionBank U Platinum Mastercard UnionBank	No annual fee effective July 2025 No annual fee for life on principal and supplementary cards, with no conditions	-	-	3% at the cap, BSP Circ. 1165	carrying a balance (3% a month)	UnionBank fee table, July 2025
12	UnionBank U Visa Platinum UnionBank	No annual fee effective July 2025 No annual fee for life on principal and supplementary cards, with no conditions	-	-	3% at the cap, BSP Circ. 1165	carrying a balance (3% a month)	UnionBank fee table, July 2025
13	Maya Black Credit Card Maya	No annual fee No annual fee as long as you use the card at least once a month; a ₱50 inactivity fee applies from the 7th month in any month without a transaction	₱180,000 a year	1 Maya Mile per ₱40 spent, up to 10x at Maya Black Preferred merchants.	3% at the cap, BSP Circ. 1165	earners under ₱180,000 a year; a card you leave unused	Maya Black Credit Card page income: Maya credit card eligibility
14	UnionBank Rewards Secured Credit Card UnionBank	No annual fee No annual fee for life if you use the card at least once within 60 days of approval (promo terms apply)	Deposit	1 never-expiring point per ₱30 spent, 3x on dining and shopping	3% at the cap, BSP Circ. 1165	a card you leave unused; carrying a balance (3% a month)	UnionBank Rewards Secured Credit Card page income and earn rate: card page
15	Landers Cashback Everywhere Credit Card Maya	No card fee effective 23 June 2026 The card fee is waived, but the Landers membership fee is charged to the card every year	₱180,000 a year	1% cashback everywhere, 2% on dining and 3% at Landers (base rate), paid as Landers cashback points. 1 point = ₱1 at Landers.	3% at the cap, BSP Circ. 1165	earners under ₱180,000 a year; carrying a balance (3% a month)	Maya fee table, 23 June 2026 income: Maya credit card eligibility
16	UnionBank S&R Visa Platinum UnionBank	No card fee effective July 2025 No card fee, but the S&R membership fee is charged to the card on renewal	₱180,000 a year	3% rebate at S&R, 1% on dining and shopping, 0.5% on everything else	3% at the cap, BSP Circ. 1165	earners under ₱180,000 a year; heavy spending abroad (3.525% foreign fee)	UnionBank fee table, July 2025 income: UnionBank card comparison
17	HSBC Premier Mastercard HSBC	₱6,000 a year Free for life for HSBC Premier account holders. ₱6,000 a year (supplementary ₱3,000) if you do not keep the Premier Total Relationship Balance	-	For every PHP20 spent, earn 4 bonus points on overseas purchases, and 3 bonus points on local shopping and dining transactions.	3% at the cap, BSP Circ. 1165	heavy spending abroad (3.5% foreign fee); carrying a balance (3% a month)	HSBC Credit Card Fees and Charges income and earn rate: card page
18	HSBC Premier Travel Card HSBC	₱12,500 a year Waived if customer has at least PHP5Mn Total Relationship Balance (TRB)	-	Earn 4 bonus points for every PHP20 spent on overseas purchases.	3% at the cap, BSP Circ. 1165	carrying a balance (3% a month)	HSBC Credit Card Fees and Charges income and earn rate: card page
-	MariCard Credit MariBank By invitation, not ranked	No annual fee For life, no conditions	₱120,000 a year	1% unlimited cashback on local in-store and local online spend; supermarket, drug store and fuel spend share a ₱3,000 monthly cashback cap.	3% at the cap, BSP Circ. 1165	anyone the bank has not invited; earners under ₱120,000 a year	MariBank Card Product Disclosure Sheet income: MariBank Help Center
-	BPI Free+ Card BPI Depositors only, not ranked	No annual fee effective July 2026 For life, no conditions	-	Earn 15% cashback on interest when you pay the Minimum Amount Due (MAD) on time.	2.5% 0.5% under the BSP cap	anyone who is not a depositor of the bank; heavy spending abroad (3% foreign fee)	BPI fee table, July 2026 income and earn rate: card page

Fees and rates are effective as of the date each bank prints on its fee table (Source column); income and earn rates are from each card's own page. Interest is capped at 36% a year (3% a month) by the Bangko Sentral ng Pilipinas under BSP Circular No. 1165, s.2023, in force since 2023. A dash means the bank does not print that figure.

How to apply, bank by bank

Where to apply for each bank's cards on this list, and its card hotline
Bank	Apply	Card hotline	Requirements and status
BPI	BPI online application Apply online on BPI's website	(+632) 889-10000	BPI documents contact and application status
Metrobank	Metrobank online application Apply online at apply.metrobank.com.ph, or submit an application at any Metrobank branch	(02) 88-700-700	Metrobank documents contact and application status
Security Bank	Security Bank credit cards page	(02) 8887-9188	Security Bank documents contact and application status
UnionBank	UnionBank online application Apply online at apply.cc-pl.unionbankph.com and pick your card	(+632) 8841-8600	UnionBank documents contact and application status
EastWest	EastWest online application Apply online through EastWest's ESTA chatbot; every Apply Now button on EastWest's card pages opens it	(632) 8888-1700	EastWest documents contact and application status
HSBC	HSBC online application Apply online or at an HSBC branch	(02) 8858-0000	HSBC documents contact and application status
China Bank	China Bank online application Email the application form and documents to cbccardsales@chinabank.ph, or submit them at any China Bank branch	+632 888-55-888	China Bank documents contact and application status
Maya	Maya online application Apply only in the Maya app (Cards tab), with an upgraded Maya account; the Landers card also needs an active Landers membership number	+632 8845 7788	Maya documents contact and application status
MariBank	MariBank online application Apply only in the MariBank app. The card is a limited pilot for selected MariBank customers; log in to see if you are eligible	(+632) 8424 8050	-
PNB	PNB online application Apply online with the Apply Now button on each card page at pnb.com.ph, which opens PNB's online application form	(+632) 8818 9818	PNB documents contact and application status

For life, while used, or with a membership: the difference

No fee, no conditions means the bank's fee table prints zero or "free for life" for the principal card. Free while you use it means the bank waives the fee as long as you make a transaction each month (or within a set time after approval); miss it and a fee applies. No card fee, membership charged means the card itself is free but a Landers or S&R membership fee is billed to it every year.

Cards that waive only the first year are not on this list, because the fee comes back from year two. 79 cards open to the public work that way. 14 more waive the fee once you spend a set amount a year, for example the BDO Visa Platinum and BDO Platinum Mastercard.

Interest still applies

No annual fee does not mean no cost. If you leave part of the bill unpaid, interest runs at the card's monthly rate, and most cards here charge the legal maximum of 3% a month. Pay the full statement balance and you pay no interest at all.

Questions

Which credit cards have no annual fee for life in the Philippines?

With no conditions and open to anyone: PNB Ze-Lo Mastercard (PNB), China Bank Freedom Mastercard (China Bank), PSBank Credit Mastercard (Metrobank), Metrobank M Free Mastercard (Metrobank), Security Bank Wave Mastercard (Security Bank), EastWest Platinum Mastercard (EastWest), EastWest Priority Visa Infinite (EastWest), PNB Cart Mastercard (PNB), PNB-Alumni Association of Xavier School Platinum Mastercard (PNB), PNB-The Travel Club Platinum Mastercard (PNB), UnionBank U Platinum Mastercard (UnionBank), UnionBank U Visa Platinum (UnionBank).

Does BDO offer a credit card with no annual fee for life?

Not on its fee tables. BDO cards carry a fee; some BDO cards waive it for life on a yearly spend the bank sets, which the BDO credit cards page lists card by card.

Is a no annual fee credit card really free?

There is no yearly card fee, but interest, late fees and cash advance fees still apply, and some cards need a monthly transaction or charge a membership fee. Pay the full balance each month and meet the stated condition, and the card costs nothing to hold.

Can I deduct credit card fees and interest from my taxes?

Not against a salary: Section 34 of the Tax Code allows no deductions against compensation income. A self-employed person who elects the 40% optional standard deduction takes it in place of itemized expenses, so card charges do not reduce tax there either.

Scope: The other 6 on this list charge a membership fee to the card, need a deposit balance, or are limited to a group of clients; the table says which.

No annual fee credit cards in the Philippines