Lazada MC
UnionBank · Mastercard
Lazada MC
Why pick it: 3% back as Lazada Credits on Lazada spend
Lazada co-brand: ₱6 Lazada credits per ₱200 at Lazada (3%), ₱1 per ₱200 elsewhere, now paid as LazCoins.
- Score
- 27 /100
- Rank
- #62 of 123
- Annual fee
- ₱3,000
Para sa heavy Lazada shoppers lang, kasi Lazada Credits ang rewards.
Bottom line: Sulit ang 3% kung madalas kang mamili sa Lazada. Kung hindi, store credit lang ang makukuha mo.
Read the full take: the math, what's good, what hurts
Kung gagastos ka tulad ng typical household (~₱825k a year), karamihan sa Lazada, ~₱3,500 ang balik. -₱1,500 ang travel value, negative dahil sa foreign purchase charges. ₱3,000 ang annual fee pagkatapos ng free year; puwede mong hingin ang waiver, pero sa bank ang desisyon. #62 sa 123 cards, 27 ang score.
The numbers in this take are our estimates for a typical household, not bank policy. Check fees and waivers with the bank.
What's good
- ₱6 in Lazada Credits per ₱200 spend sa Lazada, katumbas ng 3%.
- Libre ang annual fee sa first year.
- Pwedeng 0% installment hanggang 36 months ang Lazada purchases, galing sa data.
What's bad
- Blangko ang rate para sa other merchants sa T&C. Galing sa card listing ng UB ang ₱1 per ₱200 (0.5%).
- Per the T&C, walang credits ang bills paid o enrolled sa UnionBank Online.
- Store credit lang ito: nagiging LazCoins kapag nag-transfer o nag-redeem.
- Foreign purchases: 1% network fee plus up to 2.525% UB service fee (fees page), kaya hindi ito pang-abroad.
The catch: 404 ang UB product page ng card na ito, kaya Lazada Rewards Program T&C (Sep 7, 2026) ang binasa namin. Walang income requirement sa T&C; from our data ang ₱360,000 a year. Per the T&C, tatlong buwan lang valid ang LazCoins mula credit date, kaya gamitin agad. Galing sa data ang ₱200 minimum per transaction.
Rechecked on the bank page on 2026-10-24. Not on the page: minimum income; 0% installment terms; the card's own product page (node 1559 returned 404); minimum ₱200 per transaction (from our row). Our opinion, based on published terms. Not financial advice. The bank decides approval.
The take above is written for a typical household spending about ₱825,500 a year. Get your own score in 60 seconds.
- Yearly value for a typical household:
- about ₱2,000 in rewards (₱3,500) and travel value (−₱1,500), before the ₱3,000 annual fee (on request; the bank decides)
- To qualify:
- ₱360,000 a year income
- Bank service:
- About typical.
First year
- Welcome offer:
- Via Moneymax (new-to-UB applicants holding another bank's card): choose a gift up to ₱3,990, e.g. ₱3,000 Giftaway eGift; no spend requirement stated. (ends Jan 31, 2027)
- Annual fee:
- Principal and supplementary annual fees free for the first year, per the Lazada programme terms.
Bank details as of Oct 23, 2026. Offers change; confirm on the bank's page before you apply. None of this changes the card's score.
Score breakdown, fees, rewards and perks
Score breakdown
#62 of 123 cards open to new applicants, and #88 of all 170 scored cards once invite-only, closed and limited-eligibility cards are counted too.
- Yearly value5 / 63
These bars compare each part with other cards on its own, so they don't add up to Yearly value. How it is scored
- Rewards on the default spend7 / 37
About ₱3,500 a year in rewards on the typical household's spend, after caps and the foreign fee on foreign online spend. How the bars work
- Annual fee after waivers0 / 16
A ₱3,000 fee that the bank may waive on request. How the bars work
- Travel and perks on the default spend1 / 10
About −₱1,500 of travel value on one trip abroad a year, after the 3.00% foreign fee. How the bars work
- Promos and 0% installments13 / 15
0% installment network: fair. Promos: strong, judged by what a typical household would likely save from the promos this card gets, past and current, with 31 live promos tracked. How it is scored
- Points flexibility3 / 10
Rewards are store credit that works at one merchant. It counts for less here because the card earns little back on this spend. How it is scored
- Credit limit and upgrade path3 / 5
No standard card level. The score also reflects how UnionBank handles credit limit increases and card upgrades. How it is scored
- App and service4 / 5
Banking app: strong. Service: about typical. How it is scored
- Late fee0 / 2
A late fee of ₱1,500 for one missed payment. How it is scored
On the default spend: about ₱3,500 a year in rewards and −₱1,500 in travel value.
Score over time
Total score and tier on each data date, on the default spend.
- Between Oct 24 and Oct 26 the scoring method changed (2 changes), so part of that move is the method, not the card.
- Between Oct 26 and Oct 27 the scoring method changed (10 changes), so part of that move is the method, not the card.
- Between Nov 2 and Nov 4 the scoring method changed (a card with a higher income minimum for first-time applicants is no longer left out), so part of that move is the method, not the card.
- Between Nov 10 and Nov 11 the scoring method changed (3 changes), so part of that move is the method, not the card.
- Method changes
Fees and who can apply
- Annual fee
- ₱3,000
- Supplementary fee
- ₱1,500
- Fee waiver
- On request; the bank decides
- Foreign transaction fee
- 3.00%
- Minimum income
- ₱360,000 a year
Rewards
₱6 in Lazada Credits per ₱200 at Lazada and ₱1 per ₱200 elsewhere, minimum ₱200 per transaction. Credits now convert to LazCoins (₱1 = 10 LazCoins), valid 3 months. Lazada 0% installments up to 36 months. Bills paid or enrolled in UnionBank Online earn nothing.
- Type
- Store credit
- Points expiry
- unknown
Travel perks
- International lounge visits
- None
- Local lounge
- None
- Travel insurance
- None
Watch out for
- High FX fee (3.00%): avoid using it abroad
- Rewards are store credit, usable at one merchant
Live and upcoming promos (31)
As of Nov 11, 2026. Check each promo's source before you rely on it.
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- UnionBank x Lazada Apple Flagship Store: 7% off (cap P9,000), min P8,000, 0% up to 24 monthsScore 82UnionBankEnds Nov 30, 2026All UnionBank credit cards
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- UnionBankEnds Dec 20, 2026Sat, SunAll UnionBank credit cards
- Lazada 11.11 (UnionBank): 10% off (cap P1,000), min P8,000, 0% installment up to 24 months (Nov 11)Score 76UnionBankEnds Nov 11, 2026All UnionBank credit cards
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What cardholders say (0)
Individual accounts, read by us before they appear but not checked with the bank. They never change this card's score.
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