Best Credit Cards To Own This 2020

The new year ahead is an opportunity to make your finances grow through credit cards. These financial tools can help you access more funds by providing enhanced purchasing power and accessible cash opportunities. Owning the right credit card can lead you to a better 2020, so here are the best credit cards you can own for more improved finances in 2020.

Citi Rewards

Strength: 3x points for dining and shopping that don’t expire

Weakness: Rigorous screening process

With your Citi Rewards credit card, your chances of earning more points are intensified at 1 point for every Php30 spend. You can use the points to pay for purchases with Citi’s partner merchants, redeem the points through a wide range of offers, and get discounts in 90 other countries.

HSBC Red Mastercard

Strength: Get 4x bonus points on both local and overseas dining and shopping transactions

Weakness: Best for carded individuals

The HSBC Red Mastercard lets you earn accelerated points for your transactions here and abroad. You can also get a 6% rebate on your first purchase of fuel from any participating Caltex stations. Plus a 3% rebate on succeeding purchases. You can use the credit on your card like cash and pay at the lowest interest rate possible through HSBC’s cash installment plan.

HSBC cardholders can access unique offers from 27,000 establishments worldwide. When overseas, you can enjoy 20% off on Dusit available rate, 15% discount car rental at all Europcar locations, and 7% off on reservations when made via the Agoda website.

AUB Easy Mastercard

Strength: Choose how many times a month to pay, when to pay and how much to pay

Weakness: Not focused on rewards

The AUB Easy Mastercard is perfect for expensive purchases, which you can settle in several installments. AUB gives you the chance to choose how many times to pay when to pay and how much you can pay each payment schedule.

Here’s what makes it a convenient choice:

1. Choose whether to pay once a month, twice a month or weekly
2. Choose your due date from the 1st to the 30th of each month. You can also opt for two payments like 1st and 6th, 6th and 21st or 11th and 16th of each month.
3. Choose exactly how much to pay, depending on what you can afford. You can pay as low as Php250 weekly.

Aside from these perks, the UAB Easy Mastercard annual membership fee is waived for life, and you get no interest on new purchases.

Robinsons Dos

Strength: All purchases are automatically converted to 2 monthly installments

Weakness: Not offering many rewards

The Robinsons Dos is a favorite to those who do not want to worry about paying off purchases all at once in one billing cycle. Yes, Robinsons Dos gives you the chance to split the total purchase amount into two automatically. You don’t need to call the bank for installment plans. The two installments won’t come with added interest, and there will be no minimum amount required.

You also don’t need to worry about the annual fee because it is waived for life when you use the credit card to purchase 12 times each year, every year.

HSBC Gold Visa Cash Back

Strength: Earn 5% cashback on dining transactions and 0.50% cashback on other transactions

Weakness: Requires a locally issued primary credit card owned for at least one year

The HSBC Cashback credit card is perfect for those who want an upgrade of rewards and earnings from their previous locally issued card. HSBC’s Gold cashback features a card packed with benefits. You can get automatic crediting of your cashback to your account. This means you don’t need to wait or make a call for confirmation because the money earned will be automatically sent back to your account.

You can use your HSBC Gold Visa Cash Back to grab exclusive privileges at over 27,000 merchants in 160 countries worldwide.

Mercury Drug Citi Card

Strength: Earn 5x points on up to Php320,000 total worth of purchase from Mercury Drug each month

Weakness: Requires Php200 spend to earn one point

The Mercury Drug Citi Card if your chance to earn 5x points every time you buy from Mercury Drug Store and 3x points on foreign currency spend. Using your credit card on beauty, wellness, spa, salon, gym, and all hospitals can get you to earn 3x points, too.

Cebu Pacific GetGo Platinum Credit Card

Strength: Exclusive benefits when you fly via Cebu Pacific

Weakness: You may still need to request an annual fee waiver

Cebu Pacific GetGo Platinum Credit Card is your chance to fly for free faster and get exclusive travel benefits. With your card, you can earn 1 GetGo point for every Php30 spend, and you’ll get priority check-in and free extra 5kg of baggage allowance. Travel has never been this rewarding before because, through your GetGo Platinum card, you can also access airport lounges for free. You also don’t need to worry about securing your travel because you get free travel insurance for up to Php10 million when you book your flight using the GetGo platinum card.

Final thoughts:

Each year, we hope for better things in life. Aside from a slimmer body and a prettier face, a leaner wallet might compose a considerable portion of your new year’s resolution. Please take advantage of financial tools like credit cards by choosing the ones that best suit your needs and applying for it via trusted websites like Finder.