Metrobank offers a variety of credit cards, and the World Mastercard is a popular option for those seeking travel benefits and rewards. Let’s explore its requirements, pros, cons, and who might benefit most from using it.
Most Updated Requirements to Apply as of 2024
- Age: 18 to 70 years old
- Income Requirement: Minimum annual income of ₱350,000
- Employment Status: Employed, self-employed, or with a business for at least one year
- Document Requirements: Valid government-issued IDs, proof of income (payslips, income tax return, etc.), and bank statement (for existing Metrobank customers).
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Pros of the Metrobank World Mastercard
- Travel Benefits: This card offers complimentary airport lounge access through Mastercard Airport Experiences and travel insurance for emergencies abroad.
- Rewards Program: Earn Metrobank Reward Points on your purchases, which can be redeemed for travel miles, merchandise, or statement credits.
- Worldwide Acceptance: Accepted by millions of merchants worldwide, making it convenient for international travel and online shopping.
Cons of the Metrobank World Mastercard
- Annual Fee: The Metrobank World Mastercard has an annual fee, which may not be ideal for everyone.
- Foreign Transaction Fees: There might be a foreign transaction fee for using the card abroad.
- Higher Interest Rates: Interest rates on credit card balances tend to be higher than other loan options.
Why Sign Up for the Metrobank World Mastercard
This card is ideal for frequent travelers who value airport lounge access, travel insurance, and the flexibility to redeem rewards for travel. It can also be beneficial for those who make frequent international purchases. However, if you rarely travel or are on a tight budget, the annual fee and interest rates might outweigh the benefits.
Additional Points to Consider
- Annual Fee: Check the latest annual fee on the Metrobank website.
- Reward Points Conversion: Research the conversion rate for Metrobank Reward Points to your preferred redemption option.
- Customer Service: Metrobank offers customer service through their hotline, website, and mobile app.
Disclaimer: The information provided in this article by TheInvestopedia.com is for informational purposes only and should not be considered financial advice.
