Moneymax Reviews: How Rewarding is a UnionBank Rewards Credit Card?

What’s the one thing first-time and long-time cardholders have in common? Their affinity for rewards, of course.

One of the most popular rewards credit cards out there is the UnionBank Rewards Visa Platinum. You can't go wrong if you start your rewards journey with this one! 

In this in-depth look at this credit card, learn more about its features, fees, and perks. Check out our UnionBank Rewards Credit Card review below. 

UnionBank Rewards Card Features

What is the UnionBank Rewards Credit Card? Otherwise known as UnionBank Rewards Visa Platinum, this is a rewards credit card from UnionBank. Use this card to quickly earn points, which you can then redeem for a variety of rewards.

Before we delve into its benefits, check out the features and fees first:

• Annual fee:
  • ₱2,500 for principal cardholders (free for the first year)
  • ₱1,250 for supplementary cardholders (free for the first year)
• Interest rate: 3%
• Minimum monthly income requirement: ₱15,000 
• Cash advance fee: ₱200 per transaction
• Late payment fee: ₱1,500 or the unpaid minimum amount due, whichever is lower
• Overlimit fee: ₱1,500 or the highest overlimit amount during the billing period, whichever is lower
• Foreign transaction fee: 3.525%
• Card replacement fee: ₱400

Wondering how much is the UnionBank Rewards card credit limit? It depends on the applicant's income, credit score, and other factors, so it varies per cardholder. 

❓ Who is the UnionBank Rewards Credit Card Ideal for?

If you want to make the most out of your spending by earning multiple points per purchase, consider applying for this credit card. 

Related article: How to Apply for a UnionBank Credit Card in 3 Easy Steps

UnionBank Rewards Credit Card Review: What Perks Can I Enjoy with this Card?

Check out this card's benefits below:

👍 No Annual Fee Forever Promo

Want to bid annual fees goodbye? Just apply for this card and get approved until September 30, 2024, and then meet the spend requirement.

👍 Welcome Gift from Moneymax

If you apply via Moneymax and meet the terms and conditions, you also get to choose from a variety of welcome gifts: 

👍 Generous Rewards Program

The UnionBank Rewards Credit Card has one of the fastest earn rates in the Philippines. Earn 1 rewards point for every ₱30 spend, regardless of the category. Triple your points when you use your card at shopping boutiques, department stores, and restaurants here and abroad.

Your points have no cap and no expiry date, which is always a plus! Redeem rewards any time you wish. 

What can you redeem with a UnionBank Rewards Credit Card? Exchange your points for cash credits, merchandise, gadgets, points transfers, free flights through selected Frequent Flyer Programs, and more.

For more information on how to use UnionBank rewards points, visit the rewards redemption page.^[1] 

👍 Exclusive Deals with UnionBank's Partners

This credit card also gives you access to exclusive promos with UnionBank’s partner establishments. Get discounted deals at participating restaurants, hotels, resorts, airlines, and other establishments worldwide.

👍 User-Friendly UB Online App

Use UnionBank's mobile app to manage everything related to your credit card. Wondering how to redeem UnionBank rewards points in the Philippines? You can do so via the app.

You can also manage your card settings, pay your credit balances, and complete other credit card-related transactions. This app is known for its user-friendly interface, so you can easily manage it even if you don't consider yourself a techie. 

Download the UnionBank Online App Now!

The UnionBank Online Banking app is available on the App Store, Google Play Store, and Huawei App Gallery. You can download it via the links below:

Ready to apply for the UnionBank Rewards Credit Card? Click the banner below to get started: 

Read more: Quick and Easy: How to Apply for a Credit Card Online

UnionBank Rewards Credit Card Alternatives

However, if you think this isn't the right credit card for you, there are plenty of alternatives to consider. After all, you need to ensure you get a card that suits your budget and needs.

First, compare cards from UnionBank's lineup:

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

Here are options from other banks:

💳 Metrobank Titanium Mastercard^®

If you find UnionBankbank’s rewards program lacking, try other rewards credit cards. With the Metrobank Titanium Mastercard^®, get 1 point for every ₱20 spend and up to 2x points on dining, department store, and online purchases. 

Waive your annual fees if you apply for this card until August 31, 2024 and meet the required annual spend of ₱180,000.

Read more: How to Apply for a Metrobank Credit Card Online: Requirements and More

💳 HSBC Red Mastercard 

The HSBC Red Mastercard also offers a robust rewards program. Earn 1 point per ₱20 spend and up to 4x points on shopping, dining, online, and overseas spend. Plus, you can earn up to a 6% rebate when you gas up at Caltex.

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

💳 BPI Platinum Rewards Mastercard

Do you travel a lot? The most rewarding BPI credit card for you would be the Platinum Rewards Mastercard. Earn 2 BPI Points per ₱30 local spend and ₱20 per foreign transaction.

Book trips using this card to get up to ₱10 million travel insurance coverage and free Priority Pass membership (upon meeting the spend requirement).

💳 BPI Amore Cashback Card

Consider BPI's Amore Cashback card if you want rebates rather than rewards. For every ₱1,000 local spend, enjoy 4% cashback on supermarkets, 1% on drug stores and utilities, and 0.3% on other local spend. 

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

💳 Security Bank Gold Mastercard

With the Security Bank Gold Mastercard, earn 1 non-expiring point for every ₱20 spend. Do you travel a lot? You can use this card at affiliated merchants worldwide and enjoy access to local airport lounges such as A Lounge, Marhaba Lounge, and PAGSS Lounge.

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

UnionBank Rewards Credit Card Review: Final Thoughts

That concludes our UnionBank Rewards Credit Card review! If you’re looking to make shopping more rewarding, this card will help you do that and more. With its wide range of rewards and other value-added perks, this card is a noteworthy addition to your card options.

Source: ^[1] Rewards | UnionBank of the Philippines