No matter where you are – whether outside or at the comfort of your home, you can easily purchase the things you need if you have a credit card. 

While it’s convenient for its users, a lot of Filipinos don’t have a credit card. Why? Due to various misconceptions or you might not qualify for one. 

If you’re wondering why you can’t get a credit card, here are things you should prepare for:

Your Age

If you’re 21 to 65, welcome aboard. If you’re not yet 21, you have the option to get a supplementary card, however, your parents are in control of how much you can spend.

People who are over 65 years usually no longer work so a regular income can no longer be verified. 

Proof of Stable Income

Since you’re going to borrow money, you will need to prove that you capable of paying your purchases. Most banks prefer employees who have working for 6 months or a are regular in their company.

If you’re an employee, you will need to present your Certificate of Employment (COE), pay slips stating your monthly salary (Your latest payment slip), and Income Tax Return (ITR). 

If you’re self-employed, you must present your Business Permit and Audited Financial Statement with BIR.  

Proof of Billing

A proof of billing proves to the bank that you are a good payer or a resident of the address you provided by showing documents such as utility bills. The bills – such as a water bill or an electric bill should be under your name. You can also show your internet bill or credit card bills and proof of payment. 

Your Credit History

Your credit history shows your credit usage over the years. This shows when you regularly pay your monthly utility bills or a postpaid line. This gives you a good credit rating.

Having a low credit rating lowers your chances so it’s better to pay off your unsettled balances first. 

Residential Status

If you have monthly deductibles such as renting an apartment or currently paying for a monthly amortization, this could affect your payment behavior with your credit card. 


Most of the credit cards available in the Philippines cater for Filipinos, but if you’re a foreigner trying to apply, you will need to provide more documents. The length of your stay can also affect your application.

Applying for a credit card can be difficult, but it can help you manage your expenses better if you know how to use it responsibly. Knowing that you qualify for the above factors can help you get a higher chance of being approved for your credit card.

Looking for a credit card that suits your needs? Compare with GoBear today