If you want a premium credit card with global benefits, this is for you. The Security Bank World Mastercard provides exclusive travel perks, insurance, and convenience for Filipino cardholders.
It’s ideal for frequent travelers or those who handle large transactions. This guide clearly covers its features, fees, and application process.
Overview of the Security Bank World Mastercard
This card gives you access to international benefits and top-tier privileges. It combines flexibility, travel protection, and rewards that cater to professionals and frequent travelers. Below are key details that make it one of Security Bank’s best cards.
What Does This Card offer?
The World Mastercard provides global purchasing power with dual currency billing and international recognition.
You can use it anywhere Mastercard is accepted, ensuring a seamless experience for both travel and online shopping. The card’s main focus is convenience and financial security, especially for overseas transactions.
Who Can Benefit from It?
It’s ideal for those who value comfort and premium services during travel or business trips.
Frequent flyers, executives, and entrepreneurs will find its travel insurance and rewards highly beneficial. It also appeals to individuals seeking to build credit while accessing lifestyle privileges.
Key Features and Benefits
Owning this card means more than just making payments. You gain access to exclusive privileges that enhance your daily life, travel, and online transactions.
6 Complimentary Airport Lounge Access
Cardholders enjoy six free visits per year to over 1,300 lounges in more than 500 airports worldwide. This includes access for guests combined, with an excess visit fee of USD 32 per person.
The benefit ensures relaxation and comfort before flights. It’s a feature that frequent travelers truly appreciate.
Dual Currency Billing
With dual billing, you can pay international transactions directly in US dollars. This feature removes the hassle of currency conversion.
It gives you full control over payments, especially when spending abroad. You avoid unnecessary foreign exchange charges while maintaining transparency.
Travel Medical Insurance
The card comes with free medical insurance of up to USD 100,000, including COVID-19 coverage. It protects you against unforeseen events during your travels.
This insurance adds peace of mind when booking trips overseas. It’s one of the top reasons professionals choose this card.
Non-Expiring Rewards Points
Earn three reward points for every PHP 20 spent and never lose your points. These points can be redeemed anytime for travel, shopping, or cashback offers.
It’s a valuable long-term benefit that encourages consistent card use. The non-expiry feature ensures maximum rewards potential.
Exclusive Mastercard Promos
Enjoy access to exclusive discounts and cashback offers at participating stores and restaurants. Mastercard frequently updates its partner merchants to provide new deals.
It’s a practical way to save while spending on your favorite brands. This makes every transaction rewarding.
E-Commerce Purchase Protection Insurance
Get up to USD 200 coverage for eligible online purchases in case of theft or damage. This ensures added protection when shopping through e-commerce platforms.
It provides confidence for frequent online buyers. Your purchases remain safe under Mastercard’s protection policy.
Fees and Charges
Knowing the fees helps you manage expenses efficiently. The card’s pricing structure is competitive for its category, providing full transparency for cardholders.
Annual Membership Fee
The annual membership fee for the primary card is PHP 5,000. The first supplementary card is waived for life, while succeeding cards cost PHP 2,500 each.
These fees reflect the card’s premium status. They support the benefits and services provided.
Interest and Other Key Charges
The interest rate is 3% per month or 36% annually on outstanding balances. Late payment fees are PHP 1,000 or the unpaid minimum amount due, whichever is lower.
Cash advance transactions cost PHP 200 or USD 3 per transaction. An over-limit fee of PHP 500 applies once per statement cycle.
Additional Fees
Returned check fees are PHP 1,250 or USD 25, and lost card replacement costs PHP 400. Refund fees range from PHP 200 to PHP 500, depending on the overpayment amount.
Quasi-cash fees are 2.5% of the transaction amount until October 2025, then 5% afterward. These ensure responsible card usage and maintenance.
Eligibility Requirements
To apply, you must meet basic qualifications and have proof of stable income. These criteria help the bank determine your creditworthiness.
Basic Qualifications
Applicants must be Filipino citizens and residents of the Philippines. The age requirement is 21 to 65 years old for the principal cardholder.
You must be a regular employee for at least one year or self-employed for at least three years. A landline number and email address are required for contact purposes.
Recommended Income Level
Though not officially stated, the recommended annual income for this premium card is PHP 1.2 million and above. This ensures you can maintain payments and enjoy the card’s benefits comfortably.
Required Documents
Proper documentation helps speed up approval. Make sure to provide complete and updated records to avoid delays.
For Employed Applicants:
- Government-issued photo ID
- Statement of Account from another bank’s credit card
- One-month payslip, Certificate of Employment, or ITR
For Self-Employed Applicants:
- SOA from another bank’s credit card
- Income Tax Return and 2 years of Audited Financial Statements
- Business Permit and DTI/SEC registration documents
How to Apply for the Card?
Getting this card is simple and can be done online or through any Security Bank branch. Below are two methods available for applicants.
Application Process
Applying for the card is quick and straightforward. Choose the method that best fits your convenience and submit accurate information.
- Online Application: Visit the official Security Bank website and select “World Mastercard.” Click Apply Now, fill out the form, upload the documents, and wait for an email confirmation.
- Branch Application: Go to the nearest Security Bank branch, fill out the credit card form, and submit the required documents to a representative.
- Processing Period: Approval usually takes 5 to 7 business days after the submission of all required documents.
Security and Management Tips
Using your credit card responsibly helps maintain a good financial record. These tips ensure safe and efficient card usage.
Key Practices
Always pay your dues on time to avoid penalties. Register for SMS alerts and e-statements to monitor transactions.
Regularly check your account through Security Bank Online or the mobile app. Contact support immediately for lost or stolen cards.
Customer Support and Contact Information
For any card-related concerns, you can reach Security Bank’s customer support easily. Call +632 8887 9188 or email customercare@securitybank.com.ph for assistance.
Visit their main office at Security Bank Centre, 6776 Ayala Avenue, Makati City 1226. Check securitybank.com/personal/credit-cards/ for updates and service details.
Conclusion – A Premium Card for Modern Lifestyles
The Security Bank World Mastercard gives you global access, high-end travel perks, and secure transactions for both personal and business use. It’s ideal for individuals seeking convenience and protection while traveling or shopping worldwide.
With exclusive rewards and insurance coverage, the card offers long-term value and peace of mind. If you meet the requirements, apply online or visit a branch to start enjoying its premium benefits.
Disclaimer: Terms, conditions, and rates are subject to change without notice. Always confirm the latest details with Security Bank before applying for or using the card.
