UnionBank Rewards Secured Credit Card: fees, interest and requirements
The UnionBank Rewards Secured Credit Card has no annual fee while you use it and charges 3% a month on unpaid balances.
For UnionBank savings depositors who have no credit card yet. You place ₱20,000 to ₱165,000 from your UnionBank peso savings account, locked for at least 12 months, and your limit is 90% of it (₱18,000 on ₱20,000). No income documents are needed; an unpaid balance can be taken from the deposit. UnionBank secured card page
Verdict: Worth it if you redeem the points it earns; with no annual fee it costs nothing to hold when you pay in full. Skip it if you would leave it unused.
From UnionBank's card page, dated 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 and there is no annual fee to add, 2nd lowest of 127 cards open to the public (tied with 12).
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 Secured Credit Card gives you
- 1 never-expiring point per ₱30 spent, 3x on dining and shopping UnionBank page
- Just use your savings account as a security deposit for your card starting at P20,000 same page
- Enjoy 0% installment up to 24 months at select merchants same page
Who should get the UnionBank Rewards Secured Credit Card
| If | Then |
|---|---|
| You pay in full every month and want a rewards points card | No rewards points card from another bank costs less a year for the same or a lower income. |
UnionBank Rewards Secured Credit Card downsides, and what a late payment costs
- The no-fee terms depend on use: no annual fee for life if you use the card at least once within 60 days of approval (promo terms apply).
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 by the due date, or the full balance to pay no interest.
UnionBank Rewards Secured Credit Card annual fee, interest and charges
| Charge | UnionBank Rewards Secured Credit Card | When, and the rule |
|---|---|---|
| Annual fee | No annual fee | No annual fee for life if you use the card at least once within 60 days of approval (promo terms apply). UnionBank card page |
| Interest | 3% a month | At the BSP ceiling of 3% a month (Circ. 1165). UnionBank fee table, July 2025 |
| Cash advance | ₱200 a withdrawal | The BSP maximum (Circ. 1165). same table |
| Late payment | ₱1,500 | same table |
Figures from UnionBank card page, 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
Deposit: For UnionBank savings depositors who have no credit card yet. You place ₱20,000 to ₱165,000 from your UnionBank peso savings account, locked for at least 12 months, and your limit is 90% of it (₱18,000 on ₱20,000). No income documents are needed; an unpaid balance can be taken from the deposit.
Apply with the button below. Channels, documents, status and hotline: UnionBank contact and requirements.
Apply for the UnionBank Rewards Secured Credit Card 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 Secured Credit Card UnionBank | No annual fee if used monthly | 3% | ₱1,212 | - |
| EastWest Puregold Always Panalo Visa EastWest | ₱1,200 a year waived above a spend | 3% | ₱2,412 | ₱480,000 a year |
| PNB Essentials Mastercard PNB | ₱1,200 a year first year free | 3% | ₱2,412 | ₱120,000 a year |
| EastWest Privilege Mastercard EastWest | ₱1,500 a year first year free | 3% | ₱2,712 | ₱480,000 a year |