UnionBank Rewards Platinum Mastercard: fees, interest and requirements
The UnionBank Rewards Platinum Mastercard has an annual fee of ₱2,500 a 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. Skip it if you earn under ₱180,000 a year or if you spend a lot abroad (3.525% foreign fee).
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 ₱2,500 annual fee and a year comes to ₱3,712, 48th lowest of 127 cards open to the public (tied with 13).
UnionBank also issues this card on Visa as the UnionBank Rewards Visa Platinum, with identical fees, rate and 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 Rewards Platinum Mastercard gives you
- 1 point per ₱30 spent, 3x points on shopping and dining here and abroad UnionBank page
- Use your points to redeem cash credits, merchandise, gadgets, and more same page
Who should get the UnionBank Rewards Platinum Mastercard
| 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 UnionBank Rewards Platinum Mastercard only if its rewards are worth more than that to you. |
UnionBank Rewards Platinum Mastercard downsides, and what a late payment costs
- The ₱2,500 yearly fee has no waiver on the fee table.
- Foreign currency purchases cost 3.525% extra.
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 (₱500 on a ₱20,000 statement) by the due date, or the full balance to pay no interest.
UnionBank Rewards Platinum Mastercard annual fee, interest and charges
| Charge | UnionBank Rewards Platinum Mastercard | When, and the rule |
|---|---|---|
| Annual fee | ₱2,500 a year Supplementary: ₱1,250 a year | 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 | ₱500 on a ₱20,000 first statement | How UnionBank bills. same table |
| Late payment | ₱1,500 | same table |
| Foreign transactions | 3.525% | UnionBank card page |
Figures from UnionBank Table of Fees, as of July 2025, UnionBank card comparison. 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
Income: at least ₱180,000 a year (about ₱15,000 a month). bank page
Apply with the button below. Channels, documents, status and hotline: UnionBank contact and requirements.
Apply for the UnionBank Rewards Platinum 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 Rewards Platinum Mastercard UnionBank | ₱2,500 a year | 3% | ₱3,712 | ₱180,000 a year |
| Toyota Mastercard Metrobank | ₱2,500 a year first year free | 3% | ₱3,712 | ₱180,000 a year |
| Metrobank Rewards Plus Visa Metrobank | ₱2,500 a year first year free | 3% | ₱3,712 | ₱180,000 a year |
| BDO Bench Mastercard BDO | ₱200 a month first year free | 3% | ₱3,612 | ₱180,000 a year |