When it comes to finding the right rewards credit card in the Philippines, UnionBank has emerged as a strong player in the market. With the recent transition of Citi’s credit card portfolio to UnionBank, Filipino cardholders now have access to an enhanced suite of credit card offerings tailored to their needs. Among these, the UnionBank Rewards Platinum Mastercard stands out as an excellent option, especially for beginners looking to maximize their spending with valuable rewards. This card offers a range of benefits designed to enhance your spending power and provide valuable rewards and is perfect for shopping and dining purchases.
Key Features:
- Reward Points: Earn 1 point for every PHP 30 spent on purchases, including online shopping and food delivery. There’s no cap on the points you can earn, allowing you to maximize rewards on all your spending. These points can be redeemed for a variety of rewards, including gift certificates, merchandise, travel perks, and even cashback. This flexibility makes it ideal for those new to credit cards who want versatile redemption options.
- Accelerated Points on Shopping and Dining: Enjoy 3x points when you shop and dine, making it especially beneficial for those who frequently spend in these categories.
- No Expiry on Points: Your reward points do not expire, giving you the flexibility to accumulate and redeem them at your convenience.
- VIP Lounges Access. VIP lounge access at select lounges here and abroad with FREE DragonPass Membership and two (2) complimentary visits per membership year.
- Annual Fee: The card comes with an annual fee of PHP 2,500, which is competitive for a platinum card offering such benefits.
- Income Requirement: An annual income of PHP 180,000 is required to be eligible for this card, making it accessible to a wide range of applicants. This low annual income requirement by UnionBank makes it accessible to first-time credit card users.
Application Process:
Applying for the UnionBank Rewards Platinum Mastercard is straightforward. You can visit UnionBank’s official website or contact their customer service for detailed information on the application requirements and process.
Minimum Qualifications and Requirements to apply:
- You are at least 21 years old.
- You are a resident of the Philippines, with a valid Philippine billing address.
- You have a postpaid line or postpaid mobile phone.
- You have a Tax Payer’s Identification Number (TIN) and SSS/GSIS/UMID Number.
- Your credit card account with other banks (if any) is current and in good credit standing.
Document Requirements (as applicable)
Please submit a photocopy of the following with your fully accomplished application form:
- One (1) photo-bearing, government-issued ID with identification number or date of birth.
- Proof of Income (i.e. Pay Slip, BIR Form 2316, Original Certificate of Employment, Latest ITR (1700 or 1701) with BIR or Bank Stamp.
Foreign Nationals:
Please submit a photocopy of the following:
- Valid passport or ACR, and
- Any of the following proofs of local residency:
- Immigrant Certificate of Residency (ICR)
- ACR-I-Card with Visa status “Permanent”, otherwise, should be valid for more than 1 year
- Visa and Work Permit/Alien Employment Permit (AEP) with validity of more than 1 year
- Special Resident Investors Visa (SRIV)
- Special Resident Retirement Visa (SRRV)
- For top 2000 companies, employment contract or letter from company HR printed on company letterhead with name, position and confirmation of term.
Why Choose the UnionBank Rewards Platinum Mastercard?
For beginners, navigating the world of credit cards can be daunting, but the UnionBank Rewards Platinum Mastercard simplifies this journey with user-friendly features. Its rewards program incentivizes everyday spending, while its accessible income requirement ensures that more Filipinos can qualify.
Additionally, UnionBank’s reputation for excellent service and its integration of Citi’s credit card expertise mean that cardholders can expect a seamless experience. Whether you’re dining out, shopping for essentials, or planning a vacation, this card provides value for your spending.
Additional Features and Benefits of UnionBank Rewards Platinum Mastercard
- In-house Installment.
- Convert your available credit limit to cash for emergency expenses and pay in monthly installments with EasyCash
- Manage payments for your monthly credit card bill when you convert a portion of your billed balances into installments with EasyBill
- Enjoy lighter payments when you turn your recent unbilled transactions into installments with EasyConvert
- Transfer your other credit card balances to your UnionBank credit card and pay in monthly installments through EasyTransfer
- All inhouse installment requests are subject to approval
- Credit Insurance. U-Shield Premier is your blanket of protection against financial burden. It covers your credit card balances in case of unforeseen events, and protects yourself and your family at a reasonable premium.
- Pays up to P2,500,000* of your outstanding UnionBank Credit Card balance plus 300% or sum of 3 consecutive months immediately before untimely death or diagnosis of a critical illness
- Pays 100% of your outstanding UnionBank credit card balance in the event of confinement with up to P625,000 hospitalization benefit per year
- Covers burial benefit of 100% of your outstanding UnionBank credit card balance including unbilled installment of up to P300,000
- Takes only 0.76% of your outstanding UnionBank credit card balance to shield your family from financial burden
- Renewable coverage up to 69 years old
- 30-day FREE* look up period
- No paper works or medical test required
Tips for Beginners Using the UnionBank Rewards Platinum Mastercard
- Pay Your Balance in Full. Avoid interest charges by paying off your balance in full each month. This practice helps you build good credit while maximizing rewards.
- Monitor Your Spending. Use the UnionBank mobile app to track your transactions and reward points.
- Take Advantage of Promotions. Keep an eye out for exclusive UnionBank deals with partner merchants to maximize your savings and rewards.
- Redeem Points Wisely. Plan your redemptions to get the most value from your points, such as choosing travel perks or cashback options.
Final Thoughts
The UnionBank Rewards Platinum Mastercard is a fantastic choice for beginners in the Philippines who want a reliable and rewarding credit card experience. With its flexible rewards, accessible requirements, and seamless integration of Citi’s credit card features, it’s a card that offers excellent value for money. Whether you’re a first-time cardholder or looking to upgrade your financial tools, the UnionBank Rewards Credit Card is worth considering.
