Overview of Security Bank Classic MasterCard
The Security Bank Classic MasterCard is a card that makes your everyday purchases an easy as well as a fun affair. Best suited to your shopping needs, this card packs utilities as well as entertainment deals. Enjoy discounts while shopping, earn rewards to redeem them for gift certificates, airline miles, loyalty points on hotel deals and many such exciting promos.
Features and Benefits
Annual Membership Fee
The annual membership fee for the Classic MasterCard is P2000 for the principal cardholder. The fee for supplementary cardholder is P1000. The finance charges levied on the cardholder by Security Bank is 3.50% per month.
In case of a lost or misplaced or stolen card, you will have to pay a card replacement fee of P400 to the bank in order to get a new card issued. If you are looking to obtain a sales slip, you will be charged a retrieval fee of P400. Security Bank charges a late payment fee of P600 or 6% of the minimum due amount or whichever is a bigger amount, in case of delayed payments.
Owing to MasterCard’s large affiliation all over the world, you can use your Security Bank Classic MasterCard to shop comfortably at anytime, anywhere in the world at select merchants.
Avail up to 30% of your credit limit as cash advance on your Security Bank account. The cash advance charge levied on the cardholder by the bank is P500 or 5% of cash advance, whichever is the higher amount. The cash advance interest charge is 3.50%.
Internet Banking Facility
Security Bank cardholders can avail online banking facility where they have instant access to the recent 10 transactions, available balance, cash advance, outstanding balance and downloadable Statement of Account. You can also request for a change in mailing address, profile update, eStatement of Account, a credit limit increase or cash advance pin online.
E-Statement and Bills Assist
Cardholders can opt for paperless statement of account by choosing to receive them via email. The Bills Assist online facility aids in quick and easy consolidation making bill payment a smooth and convenient process. Cardholders can enjoy the convenience of enrolling a single time and paying for your utility bills in one go.
Security Bank offers you a facility that can convert purchases into 3 to 24 months installments. This ChargeLight option can help you from paying a huge amount at once. With the eSecure feature option, you can also set limits on your online shopping. The installment payment plans can be availed at select merchants at 0% interest.
Rewards Point with No Expiry
You can now do more than just shop using your Security Bank MasterCard. Earn 1 Rewards Points for every P20 worth swipe on your Classic card. Be it your travel deals, entertainment, shopping, dining, utilities or groceries.
Cardholders of the Classic MasterCard can combine balances from other credit cards by transferring the outstanding amounts into the Security Bank account. The payment can then be cleared as one with interest levied by the bank which is as low as 1.90%.
Security Bank allows you to apply for a maximum of five supplementary cards in addition to your Classic MasterCard. Cardholders are allowed to apply for supplementary cards only for immediate family members. These add-on cards can help you manage and distribute your finances.
Classic MasterCard cardholders can enjoy travel insurance worth P200,000 for free if the flight tickets are purchased in full using Security Bank MasterCard.
Promos and Deals
Security Bank MasterCard comes with attractive offers on travel, exclusive privileges on dining, stay and entertainment all throughout the year. Security Bank offers up to 10% discount on electronics at Lazada and 15% discounts on merchandise at Lifestyle. The offers are valid only on Mondays.
Classic MasterCard cardholders can always contact the customer support at any time for any inquiries or grievances 24/7 at 88-791-88.
Eligibility for Security Bank Classic MasterCard
The following eligibility criteria must be fulfilled in order to apply for a Classic MasterCard:
- Applicant should be a Filipino citizen.
- The eligible age for principal cardholder is 21 to 65 years.
- The eligible age for supplementary cardholder is 16 to 65 years.
- If applicant is employed, the employment should be for a minimum of 1 year.
- If self-employed, the company should have been profitable for a minimum of 3 years.
- The minimum gross yearly income should be P180,000.
- Applicant must have a landline number.
Tax Identification Number (TIN) and SSS/GSIS Number. The ID should be issued by the government and should bear a photo of the card applicant.
Last three month payslip from your company with ID on front and back.
Income Tax Return (ITR).
Signed Certificate of Employment (COE).
Last three years Audited Financial Statement or ITR.
SEC/DTI Registration of the company.
- What is the minimum monthly income required to be eligible for Security Bank Classic MasterCard?
Classic MasterCard applicant must have a minimum monthly income of P15,000.
- Do the rewards points earned on the card have an expiry date?
No, the Classic card allows you to redeem the rewards points at any time as there is no expiration.
- What is the age eligibility to apply for the Classic MasterCard from Security Bank?
The applicant must be between 21 to 65 years of age to be eligible for the Classic MasterCard. This is the age limit for a principal cardholder.
- How many supplementary cards can be added to the principal card?
A maximum of five supplementary card are allowed to be added to the principal card from Security Bank.
- What is the fee charged by the bank, in case of a late payment?
The late payment fee charged by Security Bank is P600 or 6% of the minimum amount due, whichever is a greater amount.