Every time you swipe your credit card, you get rewarded because each peso spent can be converted. Credit card rewards are similar to shopping mall rewards card or a privilege card to encourage frequent usage.
General credit card rewards
Credit cards earn points which can be converted to either
Points work the same as your SM Advantage or your Mercury Drug rewards card – you get a point for every swipe.
How much you spend to earn one point differs greatly on your bank and the purchase. You may earn one point every time you spend ₱10 to ₱200. It also depends on the purchase. For instance, your credit card earns one point for every ₱36 spent, but that doesn’t include purchases from supermarkets, drugstores, and gas stations, which may require higher spending of about ₱125 to earn the same point.
Some banks offer up to 5 times more credit card points if you’ve spent at least ₱10,000 in their partner establishments. Some banks offer 3 times bonus points for local shopping and dining. That can be 4 times bonus points for overseas spending.
Credit card reward #1: Cashback
Credit cards offer refunds after making certain purchases in supermarkets, gas stations, drug stores, restaurants as well as department store purchases.
These are called cashback credit cards which offer refunds
Credit card reward #2: Airmiles
If you’ve been shopping around to compare credit cards, you’ve probably seen miles, frequent flyer or airline miles credit card too often. Those are called airline miles credit cards, or
Instead of earning
If you are geared towards
What kind of card is best for you?
Haven't decided yet? Compare credit cards with GoBear Philippines to see the credit card rewards on each card and help you decide on which card suits you best.