Security Bank Classic Rewards Review – Ideal for New Cardholders (2019)


Security Bank Classic Rewards is best for first-time credit cardholders. If you’re planning on building a good credit history and earn rewards while spending, the features of this card are worth checking.

The Classic Rewards is an entry-level credit card for shopping, dining, and travelling. If you’re eligible and you submit complete documents, it promises a quick approval.

You can earn 1 reward point for every P20 you spend. It also has one of the lowest rewards point multiplier compared to other credit cards, like Metrobank cards and the HSBC Red Mastercard.

The accumulated rewards points are non-expiring. You can redeem gift certificates and cash vouchers, convert them into air miles, and more.

Let’s take a look at what the Classic Rewards card offers and what rewards you can get from your accumulated points.

Security Bank Classic Rewards Card Terms and Conditions

Annual Fee
  • Waived for the first year
  • P2,500 for the principal cardholder 
  • P1,000 for a supplementary cardholder
  • You can use rewards points to waive the fee (7,200 points)
Minimum Annual Income
  • P180,000
Monthly Interest Rate 
  • 3.5%
Cash Advance Fee
  • P500 per withdrawal or 5% of the cash advance amount
Late Payment Fee
  • P600 or 6% of the minimum amount due
Overlimit Fee
  • P500 per occurrence
Card Replacement Fee
  • P400
Card Network
  • Mastercard 

How does Security Bank Classic Rewards card work?

Security Bank Classic Rewards is perfect for all spending categories, like dining, shopping, travelling, fuel purchases, and groceries. Regardless of the category, you earn 1 reward point for every P20. Plain and simple.

Once you have accumulated points, you can redeem air miles, gift certificates, or annual fee waivers. If you’re feeling generous, you can also exchange your points and donate them to partner charities.

What’s missing in this card is the points multiplier that Citi Rewards card has which offers up to 3x rewards points for different spending categories.

However, when you check the Rewards Catalogue, you will find a lot of items that you can choose from. There are hundreds of partner merchants, and most of the items match the taste and interests of Filipinos.

There’s no cap for earning points every month. The only caveat is that you need to spend more to hit those high-tier bonuses and rewards, like tour packages in Hong Kong, Singapore, Taiwan and many others. So make sure you manage your expenses every billing cycle to avoid overspending.

For existing cardholders, you get to choose from exciting promos like 0% instalment offers, discounts and perks at wellness shops, gadget deals and more.

Overall, this rewards card is all about shopping, earning points, and redeeming rewards.

What can you redeem from Security Bank Classic Rewards credit card?

Reward points don’t expire, so you don’t need to spend aggressively to start collecting rewards.
You can redeem air miles, gift certificates from your favourite stores, restaurants, and wellness shops, or group tour packages at your own pace.

These are some of the rewards that you can redeem from the Rewards Catalogue.

Reward Points to Redeem
Bantay Bata 163 Donation (P200) 2,000 points
World Vision Donation (P200) 2,000 points
Cash Rebate (P500) 5,000 points
MC Classic Primary Card Annual Fee Waiver 7,200 Points
The Coffee Bean and Tea Leaf e-GC – (P1,000)

– (P500)

  • 10,000 points
  • 500 points
TGIFridays e-GC (P1,000) 10,000 points
Ramen Nagi e-GC (P2,500) 25,000 points
Switch e-GC (P3,000) 30,000 points
Oakley e-GC (P3,000) 30,000 points
American Tourister Visby 55/20 Spinner 69,738 points
Samsonite Firelite Spinner 55cc 234,364 points
Barkada Travel and Tours Hong Kong 3D/2N for 2 Pax 484, 120 points
Barkada Travel and Tours Taipei Package 3D/2N for 2 Pax 532,384 points

Other Options to Security Bank Classic Rewards

Thinking of other rewards credit cards that match your spending habits? Considering other rewards catalogues for items and merchandise?

So far, Security Bank credit cards offer the lowest minimum spend at P20 that will earn you 1 reward point. But entry-level credit cards from Metrobank and HSBC are also great options.

You may also want to explore these cards and compare the key features and rewards you will get from your accumulated points.

HSBC Red Mastercard (P20 = 1 reward point)

You earn 1 reward point for every P20 you spend with the HSBC Red Mastercard. What you’ll love about this card is that it offers up to 4x rewards points with its Accelerated Rewards program.

Get 4x bonus points for your shop (online and offline shops), dine, and travel overseas.
You may also use your rewards points for gift certificates and air miles.

Refer to the Rewards Catalogue for the list of rewards associated with this card.

AUB Classic Mastercard (P20 = 1 reward point)

Here’s another contender of HSBC Red Mastercard. The AUB Classic Mastercard when it comes to rewards points. You also earn 1 rewards point for every P20 you spend and use those points to redeem air miles, travel vouchers, gift certificates, and cash rebates.

Just like the Security Bank Mastercard Classic, the points are non-expiring. The rewards catalogue of AUB is also quite extensive, with a lot of items to choose from.

Refer to the Rewards Catalogue for the list of rewards associated with this card.

Citi Rewards Card (P30 = 1 reward point)

Citi Rewards lets you earn 1 reward point for every P30 spend. It’s higher than the two cards mentioned. If your priority is rewards redemption, this one might not be a good option for you.

But Citi offers up to 3x times rewards points when you use it for shopping, dining, and booking Cebu Pacific tickets. Plus, your points can also be used to pay participating merchants and establishments that accept Citi points.

Refer to the Rewards Catalogue for the list of rewards associated with this card.

What do you think of these options? Are you still interested in applying for a Security Bank Mastercard Classic Rewards?

Which among these Rewards cards do you think is worth keeping? Let us know in the comments section below.