UnionBank Reserve World Elite Mastercard: fees, interest and requirements
The UnionBank Reserve World Elite Mastercard has an annual fee of ₱12,000 a year and charges 3% a month on unpaid balances.
Verdict: Worth it if you fly often enough that its miles or lounge access are worth more than ₱12,000 a year to you.
From UnionBank Table of Fees, as of July 2025. 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 ₱12,000 annual fee and a year comes to ₱13,212, 125th lowest of 127 cards open to the public (tied with 1).
UnionBank's closest card is the UnionBank Reserve Visa Infinite. Against it, this card earns rewards on different terms, runs on Mastercard, not Visa and has different perks.
BSP supervised: Union Bank of the Philippines, universal and commercial bank, BSP institution ID 3, is on the BSP Verifier list dated Sep 28, 2026.
What the UnionBank Reserve World Elite Mastercard gives you
- 1 never-expiring point per ₱30 spent, 5x on dining, shopping and foreign currency spend UnionBank page
- Use your points to redeem cash credits, merchandise, gadgets and more through UnionBank Online same page
- Access to a dedicated hotline and Global Concierge Service with in-country experts ready to assist you 24 hours a day, 7 days a week same page
- Enjoy a complimentary fourth night stay at any hotel booked through the Lifestyle Concierge up to 2X a year same page
- Get unlimited access to over 1,500 airport lounges worldwide through Priority Pass same page
Who should get the UnionBank Reserve World Elite Mastercard
| If | Then |
|---|---|
| You pay in full every month and want a travel and miles card | The Maya Black Credit Card (Maya) needs ₱180,000 a year in income and costs ₱12,000 a year less as long as you use it monthly. Pick the UnionBank Reserve World Elite Mastercard only if its rewards are worth more than that to you. |
UnionBank Reserve World Elite Mastercard downsides, and what a late payment costs
- The ₱12,000 yearly fee has no waiver on the fee table.
If you pay late: UnionBank charges up to ₱1,500, and 3% a month interest runs on what is unpaid. Safe action: pay at least the minimum due (₱800 on a ₱20,000 statement) by the due date, or the full balance to pay no interest.
UnionBank Reserve World Elite Mastercard annual fee, interest and charges
| Charge | UnionBank Reserve World Elite Mastercard | When, and the rule |
|---|---|---|
| Annual fee | ₱12,000 a year Supplementary: ₱6,000 a year | Cannot be waived. Supplementary card fee waived for up to 7 accounts. UnionBank fee table, July 2025 |
| Interest | 3% a month | At the BSP ceiling of 3% a month (Circ. 1165). same table |
| Cash advance | ₱200 a withdrawal | The BSP maximum (Circ. 1165). same table |
| Minimum due | ₱800 on a ₱20,000 first statement | Paying only the minimum, ₱20,000 takes about 109 months to clear and about ₱35,484 in interest. How UnionBank bills. same table |
| Late payment | ₱1,500 | same table |
| Foreign transactions | 1% | same table |
Figures from UnionBank Table of Fees, as of July 2025. BSP ceilings: BSP Circular No. 1165, s.2023. How UnionBank words its late-fee, foreign-fee and minimum-due rules, the same on all its cards: UnionBank billing rules.
Requirements and how to apply
Apply with the button below. Channels, documents, status and hotline: UnionBank contact and requirements.
Apply for the UnionBank Reserve World Elite Mastercard on UnionBank'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 |
|---|---|---|---|---|
| UnionBank Reserve World Elite Mastercard UnionBank | ₱12,000 a year | 3% | ₱13,212 | - |
| BDO Visa Platinum BDO | ₱4,500 a year waived above a spend | 3% | ₱5,712 | ₱924,000 a year |
| BDO JCB Platinum BDO | ₱4,500 a year waived above a spend | 3% | ₱5,712 | ₱924,000 a year |
| Security Bank Platinum Mastercard Security Bank | ₱4,000 a year first year free | 3% | ₱5,212 | ₱780,000 a year |