Overview Of Security Bank World MasterCard
One of the most important financial products used by customers today are credit cards. This piece of plastic has redefined spending habits across the globe. A number of banks offer credit cards with various features and offers providing customers with a whole array of choices.
The World MasterCard by Security Bank is every customer’s ticket to luxurious living. Especially made for those who love to live life king size, the World MasterCard comes with unique benefits such as fee waiver, discounts, access to airport lounges,among others.
- At St. Luke’s Medical Center, customers can receive Concierge and VIP Access .
- Upon minimum purchase, customers can get their annual fee waived.
- Customers along with a guest can avail access to the airport lounges at MIASCOR at Davao International Airport and NAIA 1.
- Every time customers shop at Lazada, they can avail discounts of 10 to 15 percent on lifestyle and electronic purchases on Mondays.
- Travel Benefits
- Customers can procure a travel insurance cover worth P10,000,000 without having to pay for it when they purchase air tickets using their World MasterCard by Security Bank.
- For every P20 spent, customers stand a chance to earn 1 Rewards Point that can be exchanged for a number of wonderful products and services.
- Users can also avail services such as On-call MasterCard Concierge Services and personalize their travel itinerary and arrangements such as international travel assistance, pre and post departure information, visa assistance and others.
- The World MasterCard is accepted in over 35.9 million establishments throughout the world.
- Customers can also enjoy unique travel privileges and deals all around the year.
- Shopping Benefits
- Customers can get a discount of 10 to 15 percent off on lifestyle and electronic items on Mondays at Lazada.
- A MasterCard Moments Concierge Serviced can be procured on call in order to assist customers in their grocery, personal and holiday shopping.
- Customers can regulate their spending through eSecure, which is an online shopping app that provides them with an option to set limits to all of their online spends.
- Users have the option to convert their purchases in to ChargeLight and pay for the same in economical installments of 3 - 24 months.
- For every P20 charged to their Security Bank World MasterCard, customers can earn 1 Rewards Point.
- Dining Benefits
- Each time customers dine out and use their Security Bank World MasterCard to pay, they can earn one Rewards Points for each P20 spent.
- Exclusive dining privileges and deals can be enjoyed by customers throughout the year.
- Entertainment Benefits
- Each time customers use their World MasterCard credit card to pay for all entertainment related purchases, they receive 1 Rewards Point on every P20.
- Exclusive privileges and entertainment deals are available throughout the year to World MasterCard credit card holders.
- MasterCard Moments Concierge Service is available on call to assist customers in reserving concert tickets, renting movies and so on.
- Utility Benefits
- Through the Bills Assist Online Facility, customers can conveniently pay all their utility bills.
- Every time customers charge their utility bills to their World MasterCard and spend P20, they stand to earn 1 Rewards Point.
- Grocery Benefits
- Customers, on every P20 charged to their card on groceries, can earn 1 Rewards Point.
- Customers can transfer the balance from their other credit cards to their World MasterCard by Security Bank and procure interest rates as low as 1.9%.
- Customers can get up to 50 percent of the limit of credit and fees for this is 5 percent of cash advance amount or P500, whichever is higher.
- Users also have the advantage of procuring 0 percent Installment at participating partners and also ChargeLight Installment Plans.
- Customers can share the benefits of their card with their loved ones by procuring up to five supplementary cards.
- World MasterCard users can enjoy high credit limit also avail access to MasterCard promos throughout the world.
- Account Statements can now be received via their emails.
- Thanks to the ‘Bills Assist Online facility’, customers can pay all their bills conveniently and easily online.
- The Security Bank Online Banking allows customers to view their previous ten transactions, both available and outstanding balance, conversion of purchases to installments, all in real time.
- Online options such as changing email address, updating their user profile, enrolling for account statements can be done in just a click.
- Customers can get assistance at any time, on any day due to the customer service that is available 24/7.
- Customers have the option of paying for their transactions in dual currencies.
- Through the Bills Assist option, users can consolidate all their bill payments easily and quickly.
Fees and Charges
|Yearly Fee||P5000 (first supplementary fee waived)|
|Minimum Income per month||P250000|
|Principal Cardholder - Minimum Age||21 to 65 years|
|Supplementary Cardholder - Minimum Age||16 to 65 years|
|Fee for Supplementary Cardholder||P2500|
|Finance Charges||2.5 percent per month|
|Required Identification||GSIS/SSS No. and Tax Identification Number|
|Fee for Card Replacement||P400|
|Fee for Retrieval of Sales Slip||P400|
|Cash Advance Amount||50 percent of the limit of credit|
|Charge for Late Payment||7.5 percent of amount outstanding or P500, whichever is higher|
|Limit for Cash Back||N/A|
|Charge for Cash Advance||3 percent of the cash advance amount or P500, whichever is higher|
Frequently Asked Questions (FAQs)
- What is the yearly fee charged?
The annual fee is P5000 and the supplementary fee is waived for the first year.
- What is the rate of interest charged on the Security Bank World MasterCard credit card?
2.5 percent per month is the interest rate charged.
- Can Rewards Points be procured by using the World MasterCard credit card from Security Bank?
Yes, customers can procure Rewards Points by spending P20 on their Security Bank World MasterCard credit card.
- Is it necessary to have a postpaid account in order to procure the World MasterCard credit card from Security Bank?
Yes, it is necessary to have a postpaid account in order to avail the World MasterCard credit card from Security Bank.
- What is the expiry period for Rewards Points?
Customers can rejoice as there is no expiry period for Rewards Points.