Are rewards points better than cashback?

Cashback is simpler and more predictable — a flat percentage back. Rewards points can be worth more if you redeem them well (e.g. for airline miles), but their value varies by redemption and is often lower than a good cashback card for everyday spending.

Which rewards credit card has the lowest income requirement?

Among these, the Metrobank Titanium Mastercard has the lowest income requirement at around ₱350,000 a year, followed by HSBC Red (₱400,000) and RCBC Flex (~₱500,000).

Best Rewards Credit Cards in the Philippines

Points cards compared on what matters — the earn rate, the real point value, the fee, and the income you need. Ordered by accessibility. Rates as of June 2026.

Note: links go to each provider's official site. We don't currently earn a commission from them, and rankings are ordered on the merits, not on payouts.

Rewards vs cashback — which should you get?

Cashback is simpler and more predictable (a flat % back). Rewards points can be worth more if you redeem them well (especially for airline miles), but their value varies. If you just want money back with no effort, see the best cashback cards instead.

Metrobank Titanium Mastercard

Metrobank · Mastercard

1 point per ₱20; 2× points on dining, department stores, and online

✅ Lowest income bar — everyday dining/department/online spenders
💎 Value: ~₱0.03 per point (≈0.15% base, ~0.3% on bonus categories)
💳 Annual fee: ₱2,500/yr (first year often waived)
💼 Income: ₱350,000/yr
As of June 2026 · confidence: high

View Metrobank Titanium Mastercard →

HSBC Red Mastercard

HSBC · Mastercard

1 point per ₱20; 4× points on online, dining, shopping & overseas (cap applies)

✅ Online, dining and overseas spenders who want the highest points multiplier
💎 Value: ~₱0.05 per point (≈0.25% base, ~1% on bonus categories)
💳 Annual fee: ₱2,500/yr, waived the first year
💼 Income: ₱400,000/yr
As of June 2026 · confidence: high

View HSBC Red Mastercard →

RCBC Flex Visa Gold

RCBC · Visa

1 point per ₱50; 2× points on 3 self-selected categories

✅ Those who want to choose their own 2× categories
💎 Value: ~₱0.15 per point (≈0.3% base, ~0.6% on chosen categories)
💳 Annual fee: ₱3,000/yr
💼 Income: ~₱500,000/yr
As of June 2026 · confidence: high

View RCBC Flex Visa Gold →

Rewards cards earn points whose value depends on how you redeem them. If you'd rather get a straightforward percentage back, see the best cashback cards instead.

How to choose a rewards card

Match the bonus categories to your spending — HSBC Red rewards online/dining/overseas; Metrobank rewards dining/department/online; RCBC lets you pick your own.
Know your point value. A high "points per peso" means little if each point is worth very little — check the redemption rate (shown above).
Weigh the annual fee against how much you'll realistically earn.
Pay in full every month. Card interest (~3%/month) dwarfs any rewards.

Prefer guaranteed cash back? See the best cashback credit cards. Budgeting your spend? Start from your take-home pay.

Rates as of June 2026. Card terms and point values change — confirm with the issuer before applying. Researched and cross-checked; informational only, not financial advice.