5 Common Questions About Cashback Credit Cards, Answered!

This pandemic has changed life as we know it. In one way or another, everyone has all been affected by this new normal. The sudden changes in your family’s lifestyle — including your spending habits — have also made an impact on your finances. These days, families’ spending has shifted from travel and eating out to the essentials.

It comes as no surprise then that managing the family’s expenses during these challenging times is a top priority for most parents. To help you with this concern, consider applying for a Metrobank Cashback Visa. It’s a convenient payment method that rewards parents when spending for their essentials and, at the same time, helps them save, too.

Let’s break down what the Metrobank Cashback Visa is all about and how you can use it to your advantage.

What is a cashback credit card?

A cashback credit card is a type of credit card that allows you to get a percentage of your money back — also known as a "rebate" — from your expenses. This means that when you buy something using a cashback credit card, a part of the price of that item will be paid back to you.

With the Metrobank Cashback Visa, you can earn up to 8% rebate from your essential spending.

What are the essential categories that give up to 8% rebate?

The Metrobank Cashback Visa can get you up to 8% rebate on essential categories where the bulk of the family budget goes to:

• Groceries and supermarkets
• Telecoms: internet, mobile network, and content streaming services
• School tuition fee
• Bookstore spending, such as school supplies

On top of these, you can also earn 0.2% rebate on other categories, or “outstore” expenses, such as fuel, electricity, food takeout or delivery, and online shopping.

How can I get up to 8% rebate?

To get up to 8% rebate on the essential categories, your outstore expenses must reach P12,000 a month. This means that when you use the Metrobank Cashback Visa for all of your household spending, you can get the maximum rebate on your essentials.

Apply for the Metrobank Cashback Visa until August 31, 2021, to enjoy up to 8% rebate on your essential spending. Approved cardholders beyond this promo period will get up to 5% rebate.

Can I use the Metrobank Cashback Visa when shopping online and paying for my bills?

Of course! You can use it to purchase products and pay for services online. For your monthly bills, you can even enroll them in the Bills2Pay feature to auto-pay your electricity, mobile phone, internet, and cable subscriptions.

Make sure to keep in mind the types of purchases that qualify for a higher rebate to maximize your savings.

How does it help me stay on budget?

When you frequently use the Metrobank Cashback Visa to pay for all of your expenses, you can earn a maximum rebate of P1,000 each month. Your total rebate for a year can be as much as P12,000!

The Metrobank Cashback Visa can help you stay within your budget because the rebates you receive can potentially offset any future expenses. This can give you breathing room in case of emergency expenses, too.

Have these answers cleared up any confusion about cashback credit cards? Then it's time to apply for a Metrobank Cashback Visa now!

Don’t spend more, spend smart with the Metrobank Cashback Visa. Get up to 8% rebate on your essential spending when you apply until August 31, 2021. For more information, visit https://metrobankcard.com/Cards.

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