Do you have a financial New Year’s resolution, If getting the right credit card is on your to-do list this 2018, you’re on the right track. Finding the best credit card can be quite tricky and overwhelming with the many choices out there. If you often travel and shop abroad, pick a credit card that makes it easy for you to rack up air miles and rewards points that you can use later on to fund your future travels.

The best travel credit card for you should provide you with perks such as air miles, travel insurance, hotel discounts, airport lounge access, and concierge services. The best shopping credit card for you can help you save money and maximize your spending by offering attractive rewards, discounts, rebates, and other shopping privileges.

Cashback or rebates may not sound as exciting as a free hotel stay. But cashback credit cards are a practical choice for money-savvy Filipinos who want to save more each time they swipe their cards. Many credit cards in the Philippines cater to first-time users. But three of them stand out because of their low annual fees, interest rates, and income requirements—making them perfect for Filipinos who are looking to get their first credit card. Car owners have to be ready for the effects of the new tax reform law, particularly the looming fuel price increases.

One of the ways for motorists to minimize such impact is to be wise in choosing a credit card. Consider getting a fuel credit card with high rebates on purchases made at gasoline stations, as well as discounts on auto repair services. This list of 2018 best credit cards in the Philippines should narrow down your options for the card that suits your needs. To decide which one to get, determine your spending habits and from there, compare the credit cards on your shortlist. Looking for a financial product, Click the box below to connect with our financial advisors. BPI vs. BDO: Which Bank Offers Better Credit Cards,

A travel rewards credit card is also more likely to offer travel-specific benefits such as travel insurance or priority service and other perks when using the card’s co-branded partner. How do travel credit cards work, Travel rewards cards offer points or miles that can be redeemed for travel reservations. These rewards primarily come in two ways.

First, these cards may offer new applicants a sign-up bonus, typically after meeting a minimum amount of spending in a certain amount of time. 3,000 within three months of account opening. Also, a travel rewards card will offer rewards for spending, often including a bonus for purchases from the airline or hotel partner, or for purchases from certain categories of merchants. Once your account gains enough rewards, you may redeem them for award travel reservations.

These might be awards made directly with hotel or airline partners, reservations booked through a designated travel agent or statement credits that reimburse you for travel reservations you’ve already booked. The most difficult part of evaluating a travel credit card can be estimating the value of the rewards that you’ll earn.

For example, many travel rewards cards offer frequent flyer miles or hotel points, but the value of these rewards can vary. Furthermore, airlines and hotels are free to change the value of their points and miles at any time, and often with no advance notice. On the other hand, some programs have a very clear value for each point redeemed, with several simply offering one cent in value per point or mile. 1. Those that offer rewards in a program operated by the card issuer.

2. Those that offer points or miles with a travel provider. You’ll find several types of cards with reward programs, operated by the card issuers. Some are general-purpose cards that award points and miles that can be redeemed for travel reservations through a designated travel agent. Other times, bank-operated programs allow cardholders to redeem their rewards as statement credits toward travel reservations.

Then there are bank programs that allow you to transfer your rewards to airline miles or hotel points. Finally, some bank-operated travel reward cards give you multiple options to redeem your points or miles. Some of these cards can be luxury products that offer valuable travel perks and benefits, but with a high annual fee.