Helping You Make Smarter Financial Decisions
Header-Menu@2x
Explore the categories

Best Security Bank Credit Cards in the Philippines Review (2019)

best security bank credit cards in the philippines

Owning a credit card is both a privilege and responsibility. Before you start fantasising about the rewards or the air miles you’ll earn, make sure that you’re looking at a card which offers the perks and discounts that match your interests, lifestyle, and income.

It can be tempting to just go for the first credit card that you come across that offers generous welcome gifts or high cashback rates. But do your homework first and explore your options.

Security Bank, known to serve commercial, institutional and corporate clients, only has five credit cards. But they all offer rewards and promos that suit the Filipino taste and lifestyle. Most of them also meet the Filipino urbanites’ taste and cravings.

Best Security Bank credit cards in the Philippines

Security Bank credit cards are ideal for first-time cardholders, budget spenders, frequent shoppers, travellers, and lifestyle spenders.

Their entry-level card, the Mastercard Classic Rewards, has the lowest minimum income requirement of P180,000 whilst the highest minimum income requirement is P3,000,000 for the Security Bank World Mastercard.

 

Credit Cards Key Benefits
Mastercard Classic Rewards
  • 1 point for every P20 spend 
  • redeem rewards and convert o GCs and air miles
  • non-expiring rewards
  • 0% instalment plan from 3 up to 12 months
  • Mastercard exclusive promos
  • balance transfer with low rates
Mastercard Gold Rewards
  • 1 point for every P20 spend
  • redeem rewards and convert to GCs and air miles
  • non-expiring rewards
  • 0% instalment plan from 3 up to 12 months
  • balance transfer payable in 3-24 months
  • Mastercard exclusive promos
  • higher credit limit 
Mastercard Platinum Rewards
  • 1 point for every P20 spend
  • redeem rewards and convert to GCs and air miles
  • non-expiring rewards
  • 0% instalment plan from 3 up to 12 months
  • balance transfer payable in 3-24 months
  • Mastercard exclusive promos
  • higher credit limit
  • free travel insurance
  • access to hundreds of airport lounges worldwide
  • dual currency billing
  • access to Mastercard’s concierge services
Complete Cashback
  • 1 point for every P20 spend
  • redeem rewards and convert to GCs and air miles
  • non-expiring rewards
  • 0% instalment plan from 3 up to 12 months
  • balance transfer payable in 3-24 months
  • Mastercard exclusive promos
  • attractive cashback rates up to 5%
Mastercard World
  • 1 point for every P20 spend
  • redeem rewards and convert to GCs and air miles
  • non-expiring rewards
  • 0% instalment plan from 3 up to 12 months
  • balance transfer payable in 3-24 months
  • Mastercard exclusive promos
  • higher credit limit
  • free travel insurance
  • access to more than 1,000 lounges in over 500 airports worldwide
  • cashback offers via Mastercard Traveler Rewards
  • access to Mastercard’s concierge services

Mastercard Classic Rewards

The Mastercard Classic Rewards is ideal for first-time credit cardholders and those who want to enjoy the basic features of a rewards credit card.

Security Bank has one of the lowest rewards points multipliers, just like Metrobank. Earn 1 reward point for every P20 spend.

The points don’t expire, so you can choose items from the rewards catalogue that you wish to redeem in the future.

The minimum annual income requirement for the Classic Rewards is P180,000.

Your annual fee for the first year is waived. You can also use your rewards points to waive your annual fee for the following year.

As a cardholder, you get to enjoy exclusive Mastercard promos and secure online shopping with its eSecure feature. This will allow you to set limits for your online shopping.

Annual fee: P2,000
Monthly interest rate: 3.5%

Mastercard Gold Rewards

The Mastercard Gold Rewards card shares the same features with the Classic Rewards, but the Gold has a higher credit limit. And we all know what this means. A higher credit limit also means greater responsibility.

With this card, you earn 1 reward point for every P20 spend. The key features of the Gold Rewards card are also the same as the Classic.

The minimum annual income requirement is P440,000.

If you already have an existing credit card and want a rewards card that offers more privileges and perks from its rewards catalogue, this card is a good choice.

Annual fee: P2,500
Monthly interest rate: 3.5%

Mastercard Platinum Rewards

With the Platinum Rewards credit card, you’ll appreciate its key features if you’re a frequent traveller and love shopping overseas.

Aside from the basic card features like what the Classic and Gold rewards cards offer, the Platinum Rewards card offers a higher credit limit compared to the Classic Rewards card.

Enjoy 2 complimentary lounge access every year in more than 1,000 lounges in 500 airports around the world.

When shopping overseas, you can pay in USD. No need to think about exchanging currencies.

You also have access to Mastercard’s concierge services and latest offers.

For your accumulated rewards points, you can redeem items, GCs, or waived your annual fees.

The minimum annual income requirement is P1,300,000.

Annual fee: P4,500
Monthly interest rate: 3.5%

Complete Cashback

Enjoy up to 5% cashback with Security Bank’s Complete Cashback card based on 5 spending categories. Enjoy the following rebates on five essential spending categories: 5% on groceries, 4% on fuel, 3% on utilities; 2% on dining and 1% on shopping.

The Complete Cashback card shares the same key features with the Classic Rewards card. You earn 1 reward point for every P20 spend.

Not only can you get rebates that are automatically credited, you can also redeem points for GCs and merchandise items or waive your annual fee.

P1,000 is the maximum rebate cap for every monthly billing date. So that means you can get as much as P12,000 cash back annually.

If you’re a loyal SeaOil customer, you also get higher rebates (5%) when refuelling at participating SeaOil branches nationwide.

The minimum annual income requirement to qualify for a Complete Cashback card is P360,000.

Annual fee: P3,000
Monthly interest rate: 3.5%

Mastercard World

Travel around the world and spend like a local when you own a Mastercard World credit card.

You have access to privileges and discounts if you’re a frequent traveller. Which makes it an ideal card for luxury travellers and heavy spenders overseas.

It has the same key features of the Gold and Platinum Rewards cards. You can also earn 1 reward point for every P20 spend. Reward points are also non-expiring.

You can choose to redeem GCs, items, or annual fee waivers. You also get to enjoy secure online shopping and access to Mastercard exclusive promos.

You have 6 complimentary lounge access all year round to any 1,000 lounges in over 500 airports around the globe.

When you book your flights using this card, you are covered by their free travel insurance.

Shopping overseas also means you get to enjoy exclusive and automatic cashback offers from participating overseas merchants. So shop, travel, dine, and live to the fullest with this card.

The minimum annual income requirement to qualify for a Mastercard World card is P3,000,000.

Annual fee: P5,000
Monthly interest rate: 3.5%

Security Bank Credit Card Promos & Rewards Catalogue

If you’re thinking of getting a new Security Bank credit card, make sure you check out the Rewards Catalogue, too. They have rewards like gift certificates, merchandise, discounts, cash, fee waivers, and more.

For existing Security Bank credit cardholders, enjoy discounts and promos at participating merchants. Here are some of them:

  • Up to 20% off on regular-priced items at Etude House (July 1 – December 31, 2019)
  • Up to 30% off at the Watch Republic (from now until December 31, 2019)
  • 5% off on all Fully Booked stores (from now until December 31, 2019)
  • Up to 80% savings on Vietura treatments (from now until October 15, 2019)

Visit the Promos page for a sneak peek of all the discounts and promos.

What do you think of Security Bank credit cards? Which among the rewards, rebates, and travel credit cards do you think is best for you?