Money Back on Your Spending? UnionBank Cash Back Visa Platinum Review

Cash back credit cards are a must-have for any budget-savvy spender, and it’s pretty obvious why. These cards allow you to earn some of your money back when you spend on specific categories, such as everyday essentials. 

One such example is the UnionBank Cash Back Visa Platinum credit card, which earns rebates on supermarket purchases and Meralco payments. Find out if this card fits your needs in this UnionBank Cash Back Visa Platinum review.  

UnionBank Cash Back Visa Platinum: Key Features

• Annual fee: ₱4,500
• Interest rate: 3%
• Minimum monthly income requirement: ₱15,000
• Cash advance fee: ₱200
• Late payment fee: ₱1,000
• Overlimit fee: ₱500
• Foreign transaction fee: 3.525%
• Card replacement fee: ₱400 per card

❓ What is the Credit Limit of UnionBank Cash Back Visa Platinum? 

Credit card limits are determined by different factors, such as the type of card you applied for, your credit history, and your income. New credit cardholders usually start with a lower credit limit. 

This can be increased over time depending on your credit card usage or the income documents you submit with your limit increase request. 

❓ Who is the UnionBank Cash Back Visa Platinum Ideal for? 

This credit card is perfect for anyone who wants to save money by earning rebates. Because of its low income requirement, it’s also an excellent option for beginners.  

UnionBank Cash Back Visa Platinum Review: Advantages

What are the benefits of the UnionBank Cash Back Visa Platinum credit card? Here are some to take note of:

👍 0.20% Cash Back for Supermarket/Grocery Purchases

Save money when you shop at supermarkets or grocery stores using the UnionBank Cash Back Visa Platinum credit card. Get 0.20% cash back on your purchases—that’s as much as ₱15,000 in savings every year! 

👍 0.20% Cash Back for Meralco Payments 

Household utility bills eat up a huge portion of your monthly budget. Pay with the UnionBank Cash Back Visa Platinum via UnionBank Online to earn 0.20% cash back on your Meralco bill. 

👍 Up to 6% Cash Back for Other Spending 

You can also get up to 6% for non-supermarket purchases or non-Meralco spending. Just meet the minimum spend requirement of ₱10,000.  

👍 Hassle-Free Cash Back Redemption

Redeem your rebates for a minimum and in increments of ₱1 by logging in to your UnionBank Online app. Don’t worry—the cash back won’t expire. 

👍 Convenient Ways to Use Cash Back 

With your cash back, you can redeem cash credits to offset a portion or the full amount of your retail spend. This will apply to your last statement of account before your cash back redemption. 

Cash back earned can also be used to pay your annual membership fees. 

👍 Virtual Card for Online Shopping

Upon credit card approval, you can immediately activate your virtual credit card, which you can use to shop online. You don’t need to wait for your physical card. 

Convinced? Apply for the UnionBank Cash Back Visa Platinum below:

UnionBank Cash Back Visa Platinum Review: Limitations 

We’ve listed some limitations of this cash back credit card to help you manage your expectations: 

👎 Capped Rebates  

With your UnionBank Cash Back Visa Platinum card, you can earn rebates of up to ₱1,250 per statement cycle (up to ₱15,000 per year). Once you reach the rebate cap, you can only start earning cash back again at the start of the next statement cycle.  

👎 Rebates Can’t Be Used as Card Payment 

The cash back that you redeem also can’t be used to offset your credit card’s minimum amount due. You still need to settle at least the minimum amount due via UnionBank’s payment channels.  

Top Alternatives to UnionBank Cash Back Visa Platinum 

Check out these excellent alternatives if you want to explore other credit cards with cash back features: 

💳 HSBC Gold Visa Cash Back

Get a 5% cash back on all your dining spend with the HSBC Gold Visa Cash Back card. You also get a 3% rebate when you fuel up at Caltex stations nationwide and a 0.50% cash back on all other transactions. 

💳 HSBC Platinum Visa Rebate

Another excellent option is the HSBC Platinum Visa Rebate. Earn a 5% rebate on your travel and shopping transactions, a 1% rebate on insurance, and a 0.50% rebate on all other credit card spending. Plus, you get a 3% rebate on your Caltex fuel purchases all year round. 

Read more: HSBC Credit Card Application: 4-Step Guide for First-Timers

💳 Security Bank Complete Cashback Platinum Mastercard

Earn cash back and enjoy big savings with the Security Bank Complete Cashback Platinum Mastercard. Enjoy five-tiered rebates: 5% cash back on your grocery spending, 4% on fuel transactions, 3% on utilities, and 1% on shopping. Save as much as ₱12,000 per year on your most essential expenses!

Read more: Security Bank Credit Card Application in 5 Quick Steps

💳 BPI Amore Cashback Card

The BPI Amore Cashback Card is yet another great cash back credit card. Earn 4% cashback at supermarkets, 1% cashback for utilities and drugstore purchases, and 0.3% cash back for all other retail spend. 

Read more: BPI Credit Card Application: Requirements, Process, and More

💳 Metrobank Toyota Mastercard^®

What about fuel rebates instead of cash rebates? Metrobank Toyota Mastercard^® lets you earn up to ₱15,000 worth of fuel rebates at Petron. Aside from that, enjoy a 10% discount on parts, labor, and accessories at Toyota. You can also earn 2x rewards points for every ₱20 spent at your preferred Toyota dealerships.

Read more: How to Apply for a Metrobank Credit Card Online: An Updated 2024 Guide

UnionBank Cash Back Visa Platinum Review: Final Thoughts 

Cash back credit cards offer useful rewards through rebates. With the UnionBank Cash Back Visa Platinum card, you earn cash back from your most essential spending, such as supermarket and grocery purchases and Meralco payments. All other retail spending also earns cash back. 

Moreover, first-time or beginner credit cardholders can qualify for this card because of its low minimum monthly income requirement.

Lastly, if you apply for a UnionBank credit card via Moneymax and get approved, you can also receive a welcome gift. Compare UnionBank credit cards below and apply via Moneymax:

Credit Card	Annual Fee	Minimum Annual Income Requirement	Key Features
	Free for life	₱180,000	Zero late payment and overlimit fees 10% interest rebates
UnionBank Rewards Credit Card	₱2,500	₱180,000	1 point per ₱30 spend 3x points for shopping and dining locally and overseas Non-expiring points can be redeemed for cash credits, gadgets, merchandise, and more
UnionBank PlayEveryday	₱1,500	₱360,000	Gamified points system 1 PlayPoint for every ₱10 spend
UnionBank Lazada Credit Card	₱3,000	₱360,000	6x Lazada Credits for every ₱200 spent on the app 1x Lazada Credit for every ₱200 spent on other transactions  Free shipping and sale vouchers
UnionBank Go Rewards Gold Credit Card	₱3,000	₱360,000	1 Go Rewards points for every ₱200 spend Complimentary Go Rewards Black Membership Exclusive Go Rewards deals
UnionBank Cebu Pacific Gold Credit Card	₱3,000	₱360,000	1 Go Rewards point for every ₱100 spend at Cebu Pacific 1 Go Rewards point for every ₱200 spend
UnionBank Cash Back Platinum Visa	₱4,500	₱180,000	6% rebate on supermarket purchases 2% cash back on Meralco payments  0.20% cash back on all other purchases

Source: ^[1] UnionBank Cash Back Visa Platinum