3 Best Travel Cards for Philippines

What is a travel money card?

A travel money card is a card you can use for secure and convenient payments and withdrawals overseas.

You can use a travel money card to tap and pay in stores and restaurants, with a wallet like Apple Pay, or to make ATM withdrawals so you'll always have a bit of cash in your pocket when you travel.

Although there are lots of different travel money cards on the market, all of which are unique, one similarity you'll spot is that the features and fees have always been optimised for international use. That might mean you get a better exchange rate compared to using your normal card overseas, or that you run into fewer fees for common international transactions like ATM withdrawals.

Travel money cards also offer distinct benefits when it comes to security. Your travel money card isn't linked to your Canadian dollar everyday account, so even if you were unlucky and had your card stolen, your primary bank account remains secure.

Travel money vs prepaid card vs travel credit card

It's helpful to know that you'll be able to pick from several different types of travel cards, depending on your priorities and preferences. Travel cards commonly include:

• Travel debit cards
• Travel prepaid cards
• Travel credit cards

They all have distinct benefits when you head off to Philippines or elsewhere in the world, but they do work a bit differently.

Travel debit and prepaid cards are usually linked to an online account, and may come from specialist digital providers - like the Wise card. These cards are usually flexible and cheap to use. You'll be able to manage your account and card through an app, although you can also often add money in person by visiting a branch, if the card provider has in-person branches.

Travel credit cards are different and may suit different customer needs. As with any other credit card, you may need to pay an annual fee or interest and penalties depending on how you manage your account - but you could also earn extra rewards when spending in a foreign currency, or travel benefits like free insurance for example. Generally using a travel credit card can be more expensive compared to a debit or prepaid card - but it does let you spread out the costs of your travel across several months if you'd like to and don't mind paying interest to do so.

What is a prepaid travel money card best for?

Let's take a look at the advantages of using a prepaid travel money card for travellers going to Philippines. While each travel card is a little different, you'll usually find some or all of the following benefits:

• Hold and exchange foreign currencies - allowing you to lock in exchange rates and set a travel budget before you leave
• Convenient for spending in person and through mobile wallets like Apple Pay, as well as for cash withdrawals
• You may find you get a better exchange rate compared to your bank - and you'll usually be able to avoid any foreign transaction fee, too
• Travel cards are secure as they're not linked to your everyday CAD account - and because you can make ATM withdrawals when you need to, you can also avoid carrying too much cash at once

Overall, travel cards offer flexible and low cost ways to avoid bank foreign transaction and international ATM fees, while accessing decent exchange rates.

How to choose the best travel card for Philippines

We've picked out 3 great travel cards available in Canada - but there are also more options available, which can make choosing a daunting task. Some things to consider when picking a travel card for Philippines include:

• What exchange rates does the card use? Choosing one with the mid-market rate or as close as possible to it is usually a smart plan
• What fees are unavoidable? For example, ATM charges or top up fees for your preferred top up methods
• Does the card support a good range of currencies? Getting a card which allows you to hold and spend in PHP can give you the most flexibility, but it's also a good idea to pick a card with lots of currency options, so you can use it again in future, too
• Are there any other charges? Check in particular for foreign transaction fees, local ATM withdrawal fees, inactivity fees and account close fees

Ultimately the right card for you will depend on your specific needs and preferences. If you're looking for a low cost card with the mid-market rate, which you can use in 150+ countries, the Wise card may be a good fit. If you'd prefer to pay a monthly fee to get higher no-fee transaction limits, take a look at Wise. And if you need to get a card in a hurry, check out a travel card from a provider with a physical branch network, or your high-street bank.

What makes a good travel card for Philippines

The best travel debit card for Philippines really depends on your personal preferences and how you like to manage your money.

Overall, it pays to look for a card which lets you minimise fees and access favourable exchange rates - ideally the mid-market rate. While currency exchange rates do change all the time, the mid-market rate is a good benchmark to use as it’s the one available to banks when trading on wholesale markets. Getting this rate, with transparent conversion fees, makes it easier to compare costs and see exactly what you’re paying when you spend in PHP.

Other features and benefits to look out for include low ATM withdrawal fees, complimentary travel insurance, airport lounge access or emergency cash if your card is stolen. It’s also important to look into the security features of any travel card you might pick for Philippines. Look for a card which uses 2 factor authentication when accessing the account app, which allows you to set instant transaction notifications, and which has easy ways to freeze, unfreeze and cancel your card with your phone.

When you’re planning your trip to Philippines, bear in mind that cash is still a primary payment method, and many merchants and public service providers won’t accept a card. You’ll want a travel card which allows low cost cash withdrawals so you’ve always got some PHP in your pocket - and you can also keep hold of your card as a convenient back up in case of emergency too. Choose a card with no ongoing fees and no inactivity costs, so you can use it for your next trip abroad to get the most possible use out of it.

Ways to pay in Philippines

Cash and card payments - including contactless, mobile wallet, debit, credit and prepaid card payments - are the most popular ways to pay globally.

In Philippines cash is a very popular payment method. While you may find cards are accepted in major hotels and chain stores or very busy tourist areas, many merchants prefer cash. Make sure you’ve always got some PHP in cash in your wallet by making ATM withdrawals with your travel card whenever you need to.

Which countries use PHP?

You’ll find that PHP can only be used in Philippines. If you don’t travel to Philippines frequently it’s worth thinking carefully about how much to exchange so you’re not left with extra foreign currency after your trip. Or pick a travel card from a provider like Wise or KOHO which lets you leave your money in CAD and convert at the point of payment with no penalty.

What should you be aware of when travelling to Philippines

You’re sure to have a great time in Philippines - but whenever you’re travelling abroad it's worth putting in a little advance thought to make sure everything is organised and your trip goes smoothly. Here are a few things to think about:

1. Double check the latest entry requirements and visas - rules can change abruptly, so even if you’re been to Philippines before it’s worth looking up the most recent entry requirements so you don’t have any hassle on the border

2. Cash is a widespread payment method - so you’ll need some PHP in your pocket when you travel to Philippines. You can sort out your travel money by visiting an exchange office here in Canada, or you can wait until you arrive and make an ATM withdrawal in PHP at the airport when you land. Bear in mind that currency exchange at exchange offices at the airport, either in Canada or in Philippines can be expensive - so if you’re carrying CAD in cash and need to exchange it, head into a town centre to do so.

3. Get clued up on any health or safety concerns - get travel insurance before you leave Canada so you have peace of mind. It’s also worth reading up on any common scams or issues experienced by tourists. These tend to change over time, but may include things like rip off taxis or tour agents which don’t offer fair prices or adequate services.

Conclusion - Best travel cards for Philippines

Ultimately the best travel card for your trip to Philippines will depend on how you like to manage your money. Use this guide to get some insights into the most popular options out there, and to decide which may suit your specific needs.

How does a Philippine Peso card work?

Getting a Philippine Peso card can make managing your money easier when you travel to Philippines.

Your Philippine Peso card will be linked to a digital account you can manage from your phone, so you'll always be able to see your balance, get transaction notifications and manage your card no matter where you are. Just add money to your account in pounds, and - depending on your preferences and the specific card you pick - you can either convert your balance to Philippine Peso instantly, or just let the card do the conversion when you spend or make a withdrawal.

If your card gives you the option to hold a Philippine Peso balance, there's not normally any extra fee to spend the Philippine Peso you have in your account when you're in Philippines.

Can I withdraw Philippine Peso currency with my card in Philippines?

With some cards, you'll be able to add money to your card in Canadian dollar, and then convert to Philippine Peso instantly online or in your card's app.

Once you have a balance in Philippine Peso you can spend with your card with no extra fees - just tap and pay as you would at home. You'll also be able to make cash withdrawals whenever you need to, with no extra conversion fee to pay. Your card - or the ATM operator - may charge a withdrawal fee, but this can still be a cheap, secure and convenient option for getting cash when you need it.

With other cards, you can't hold a balance in Philippine Peso on your card - but you can leave your money in Canadian dollar and let the card convert your money for you when you spend and withdraw.

Some fees may apply here - including currency conversion or foreign transaction charges - so do compare a few different cards before you sign up, to make sure you're picking the one which best suits your specific spending needs.

Bear in mind though, that not all cards support all currencies - and the range of currencies available with any given card can change from time to time. If your card doesn't let you hold a balance in Philippine Peso you might find that fees apply when you spend in Philippines, so it's well worth double checking your card's terms and conditions - and comparing the options available from other providers - before you travel, just in case.

Why should I get a Philippine Peso card?

Getting a Philippine Peso card means you can spend like a local when you're in Philippines. You'll be able to check your Philippine Peso balance at a glance, add and convert money on the move, and use your card for secure spending and withdrawals whenever you need to. Best of all, Philippine Peso cards from popular providers often offer good exchange rates and low, transparent fees, which can mean your money goes further when you're on a trip abroad.