Philippine National Bank built the Ze-Lo around the idea of zero: no annual fee for life, no late payment fee and no over-limit fee. The requirements are modest, with a minimum annual income of ₱120,000 and an age between 21 and 65.
Why do we recommend the PNB Ze-Lo Mastercard?
The finance charge is the fourth difference. PNB charges 2.5% a month on revolving balances, below the 3% charged by most banks, which helps anyone who occasionally carries a balance.
It is a contactless Mastercard accepted worldwide and online, so it handles foreign purchases and subscriptions. Foreign nationals can apply too, with extra documents such as an ACR I-Card, and PNB’s app covers statements, payments and card locking.
Author’s opinion
The trade-off is the rewards side. The Ze-Lo advertises no points, cashback or lounge access; its value lies entirely in what it does not charge. For a first cardholder or someone burned by late fees, that is a rare combination.
Revolving is still the expensive way to use it: ₱20,000 carried for six months costs about ₱3,000 at 2.5% a month. No late fee does not mean no interest on the overdue amount.
The foreign transaction fee, cash advance charge and credit limit are not published, so confirm them with PNB.
I want to learn more about the PNB Ze-Lo Mastercard!
Who can apply, which documents PNB asks for and how the application works are on the next page. Press the button.
