Credit cards have long been valued by consumers for enabling the convenience of making purchases without carrying cash and spreading out payments when necessary. Over time, they have evolved beyond just being a payment tool—they now offer financial benefits that can help cardholders manage their expenses better. One example of this evolution is the cashback credit card.
Unlike traditional credit cards that offer spending points you can exchange for gifts or airline miles for travel, cashback credit cards provide instant, tangible savings that can be used to offset future expenses. They also come in different types, with some offering higher cashback on specific categories while others provide a flat cashback rate across all purchases. Because of this, choosing the right cashback credit card can make a big difference in how much you save. Fortunately, many banks and financial institutions now offer online credit card applications, making it easier than ever to compare different options and apply for a card that fits your lifestyle.
In this article, we’ll explore the positive effects of having the right cashback credit card and how it can help you make the most of your everyday spending.
1. You Stretch Your Budget Through Savings on Essential Purchases
With the right cashback credit card, everyday spending becomes more rewarding. Many cashback cards offer high rebates on essential purchases, such as groceries, to which most Filipinos already allocate a significant portion of their budget. One great example of this is the Landers Cashback Everywhere Credit Card, which is perfect if you frequently shop for groceries and other essential household items at Landers.
When you shop at Landers, you’ll start with a base cashback rate of 3% if your total credit card spending is below PHP 20,000. This rate increases to 4% when you spend a minimum of PHP 20,000, wherever you use your card, and then it increases further to 5% when you accumulate a total qualified credit card spending of at least PHP 50,000 during the month. Collect enough points to get discount vouchers that you can also use at Landers, saving you money the next time you need to shop.
2. You Earn High Cashback on Categories You Spend the Most On
Not all cashback cards are the same, and the key to maximizing benefits is choosing one that matches your lifestyle. Some offer higher cashback rates on dining, others on shopping. If you often eat out, for example, a credit card with high cashback on dining spends can give you better returns. It’s also a good idea to choose a cashback credit card that rewards you for all your purchases.
Such is the case with Landers Cashback Everywhere Credit Card. Aside from giving you up to 5% cashback at Landers, you also get 2% on dining spends, and 1% on all other qualified transactions.* Cardholders can also enjoy a generous annual cashback cap of PHP 200,000, making this one of the most competitive cashback credit cards available.
3. Debt Management Becomes Easier
One of the biggest advantages of cashback credit cards is that they can help ease financial burdens when used wisely. The cashback you earn can be used to offset expenses, effectively reducing your overall costs. If you consistently pay your full balance each month, you can enjoy the benefits of cashback without accumulating interest. This responsible usage makes it easier to manage debt and keep your finances in check.
4. You Enjoy Features That Match Your Needs
Beyond cashback rewards, the right credit card also provides features that enhance security and convenience. Many modern credit cards offer fraud protection and mobile app controls that allow you to track your expenses in real time. Some, like the Landers Cashback Everywhere Credit Card, even let you set spending limits, freeze/block your card in case of loss, or generate a dynamic CVV for safer online shopping.
As mentioned, many providers now offer online credit card applications in the Philippines, making the process of getting a card quicker and more convenient. Instead of visiting a bank branch, you can apply from anywhere, and submit requirements digitally. This is exactly what Maya offers its users. The digital bank provides a seamless credit card online application for upgraded Maya account holders. Don’t worry; upgrading is free and requires only 1-2 valid IDs. Additionally, your application can get approved quickly, although do take note that credit card approvals are still subject to credit evaluation, which includes, but is not limited to, your existing credit history, income, and other financial or personal profile considerations.
5. You Get Access to Exclusive Perks and Rewards
A well-chosen cashback credit card doesn’t just give you rebates—it also provides additional perks. Some banks offer discounts and other exclusive benefits at partner merchants. The Landers Cashback Everywhere Credit Card, for example, also serves as your Landers membership card, which means you get access to all exclusive Landers benefits. This includes premium grocery shopping options, superb dining experiences, occasional promos, and other members-only perks.
6. You Develop Better Financial Habits
Having a cashback credit card also encourages smarter financial decisions. Since cashback rewards are earned based on spending patterns, cardholders are more likely to track their expenses and find ways to maximize their savings. Additionally, responsible credit card use—such as paying bills on time and avoiding unnecessary purchases—helps maintain a good credit score, which can be beneficial for future financial opportunities.
The right cashback credit card can make a huge difference to your finances. However, it’s important to choose a card that aligns with your spending habits to maximize its benefits. Before applying, compare cashback features and benefits to ensure you’re getting the best value. When used responsibly, a cashback credit card can be a powerful financial tool that works in your favor.
*Transactions that don’t qualify include: cash in, cash advance, quasi cash purchases, casinos and gambling, fuel, supermarket, pharmaceuticals, utilities, telco, and government.
