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Complete Guide to Credit Card Reward Points in the Philippines

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Complete Guide to Credit Card Reward Points in the Philippines

If you’re planning to get your first credit card in the Philippines, one of the most exciting benefits you’ll encounter is reward points. Every time you spend using your credit card, you earn points that can be redeemed for freebies, cashback, air miles, gift certificates, and more.

Pero bago ka ma-excite, it’s important to understand how reward points work and how to maximize them so you can get the most out of your credit card without falling into debt.

This guide will break down everything you need to know about credit card reward points, from basics to strategies.

What Are Credit Card Reward Points?

Credit card reward points are a loyalty program offered by banks. For every transaction, you earn points based on how much you spend. Later, you can redeem these points for:

  • Gift certificates
  • Cashback
  • Travel miles
  • Shopping vouchers
  • Gadgets or appliances

Example:
If your bank gives 1 point for every ₱30 spent and you spend ₱15,000 per month, that’s 500 points monthly or 6,000 points a year.

How Do Credit Card Reward Points Work?

The process is simple:

  1. Spend using your credit card → Earn points
  2. Points accumulate automatically in your account
  3. Redeem your points for rewards via your bank’s app or website

However, not all transactions earn points. For example, cash advances and certain bills payments may be excluded.

Types of Credit Card Rewards in the Philippines

1. Standard Reward Points

Earn fixed points for every peso spent.
Best for: Everyday spenders

Example:

  • BPI Amore Cashback Card → 1 point per ₱35 spend

2. Cashback Rewards

Instead of collecting points, you earn instant cash rebates credited to your account.
Best for: Practical users

Example:

  • Citi Cash Back Card → Up to 6% cashback on groceries

3. Travel Miles Rewards

Convert your points into airline miles for free flights or seat upgrades.
Best for: Frequent travelers

Example:

  • HSBC Platinum Visa → Points convertible to Asia Miles & KrisFlyer

4. Lifestyle & Partner Rewards

Some banks partner with restaurants, shopping malls, and brands to give exclusive discounts and freebies.

Example:

  • BDO Rewards Card → Redeemable for SM gift certificates

Benefits of Credit Card Reward Points

BenefitWhy It Matters
Freebies & SavingsRedeem points for shopping vouchers, flights, and cashback
Flexible OptionsChoose between gadgets, gift cards, or travel miles
Lifestyle PerksAccess to exclusive promos, discounts, and VIP events
Encourages Smart SpendingMaximize everyday purchases for rewards

How to Maximize Credit Card Reward Points

1. Choose the Right Card

  • If you travel a lot, get a miles rewards card
  • If you shop online, go for cashback or shopping points
  • If you dine out often, pick a restaurant rewards card

2. Focus on One Primary Card

Using one card for most of your purchases lets you accumulate points faster.

3. Take Advantage of Bonus Promos

Banks often run double points or triple points promos. Check your bank’s app or email announcements regularly.

4. Redeem Before Expiry

Most points expire after 2–3 years. Always check your balance and redeem before losing them.

5. Use a Credit Card Cost Calculator đź’ˇ

Before choosing a credit card, understand potential fees, interests, and repayments using this free Credit Card Cost Calculator.
This ensures you enjoy rewards without overspending.

Common Mistakes Beginners Make

MistakeWhy It’s a ProblemSolution
Focusing only on rewardsLeads to overspendingTrack expenses and set a budget
Ignoring annual feesHigh fees can offset rewardsChoose a ₱0 annual fee card
Letting points expireWasted rewardsSet reminders to redeem
Using too many cardsSlower points accumulationStick to 1–2 cards for efficiency

Best Credit Cards in the Philippines for Reward Points

Bank & CardReward TypeEarn RateAnnual Fee
BPI Amore CashbackCashback + Points1 point / ₱35 spent₱0 (first year)
Citi Rewards CardLifestyle Points1 point / ₱30 spent₱2,500
HSBC Platinum VisaTravel Miles1 point / ₱20 spent₱3,000
UnionBank Rewards+Cashback + Shopping1 point / ₱25 spent₱0 (first year)

Step-by-Step Guide to Applying for Your First Credit Card

Step 1 — Check Your Eligibility

  • At least 18 years old
  • Valid ID
  • Minimum monthly income (varies per bank)

Step 2 — Choose the Right Card

Match your lifestyle: shopping, travel, or cashback.

Step 3 — Submit Your Application

  • Apply online or via branch
  • Submit valid IDs and income documents

Step 4 — Activate & Start Earning Points

Once approved, activate your card and start spending responsibly.

TL;DR (Quick Summary)

  • Credit card reward points let you earn freebies, cashback, and miles
  • Choose a card based on your lifestyle and spending habits
  • Focus on one card to maximize points
  • Use the Credit Card Cost Calculator to manage costs
  • Always redeem your points before they expire

FAQs

1. How do I earn credit card reward points?

Use your card for purchases — points are automatically credited based on your spend.

2. Do all credit cards in the Philippines have reward points?

No, some offer cashback instead. Always check the benefits before applying.

3. How can I redeem my points?

Log in to your bank’s app or website → Check rewards catalog → Redeem instantly.

4. Do credit card reward points expire?

Yes, most expire after 24–36 months. Always track your balance.

5. Are rewards worth it for beginners?

Yes, especially if you pay your balance in full each month to avoid interest.

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