Security Bank Complete Cashback Platinum Mastercard: fees, interest and requirements
The Security Bank Complete Cashback Platinum Mastercard has an annual fee of ₱3,000 a year, waived in the first year, charges 3% a month on unpaid balances and needs a minimum income of ₱780,000 a year.
Verdict: Worth it if the cash back on your own spending comes to more than ₱3,000 a year. The first year is free. Skip it if you want to apply now: applications are closed or if you earn under ₱780,000 a year.
From Security Bank credit card fees and charges, as of August 29, 2025, dated 29 August 2025. Interest cap, in force since 2023: BSP Circular No. 1165, s.2023.
₱20,000 repaid in 3 equal monthly payments, plus a year of fees: ₱4,212. Not ranked, because Security Bank is not taking new applications for it.
Security Bank says it is not taking new applications for this card right now.
Security Bank's closest card is the Security Bank Platinum Mastercard. Against it, this card costs ₱3,000 a year instead of ₱4,000, earns rewards on different terms and has different perks.
BSP supervised: Security Bank Corporation, universal and commercial bank, BSP institution ID 2, is on the BSP Verifier list dated Sep 28, 2026.
What the Security Bank Complete Cashback Platinum Mastercard gives you
- 5% cash back on groceries, 4% on gas, 3% on utilities, 2% on dining and 1% on shopping, capped at ₱350 a category and ₱1,100 a month; local swiped purchases only Security Bank card page
- No minimum spend to earn cash back same page
- E-Commerce Purchase Protection insurance same page
- Local airport lounge access at a preferential rate same page
Who should get the Security Bank Complete Cashback Platinum Mastercard
| If | Then |
|---|---|
| You want to apply now | Skip it for now: Security Bank says it is not taking new applications for this card. |
| You pay in full every month and want a cash back card | The EastWest foodpanda Visa (EastWest) asks the same or a lower income and costs ₱1,800 a year less. Pick the Security Bank Complete Cashback Platinum Mastercard only if its rewards are worth more than that to you. |
Security Bank Complete Cashback Platinum Mastercard downsides, and what a late payment costs
- Closed to new applicants.
- The ₱3,000 fee is charged every year after the waiver ends.
- Foreign currency purchases cost 2.5% extra.
If you pay late: Security Bank charges up to ₱1,000, and 3% a month interest runs on what is unpaid. Safe action: pay at least the minimum due (₱600 on a ₱20,000 statement) by the due date, or the full balance to pay no interest.
Security Bank Complete Cashback Platinum Mastercard annual fee, interest and charges
| Charge | Security Bank Complete Cashback Platinum Mastercard | When, and the rule |
|---|---|---|
| Annual fee | ₱3,000 a year Supplementary: ₱1,500 a year | Annual fee waived for the first year. Fee table: Primary: PHP3,000.Security Bank fee table, 29 August 2025 |
| Interest | 3% a month | At the BSP ceiling of 3% a month (Circ. 1165). same table |
| Cash advance | ₱200 a withdrawal | The BSP maximum (Circ. 1165). same table |
| Minimum due | ₱600 on a ₱20,000 first statement | Paying only the minimum, ₱20,000 takes about 355 months to clear and about ₱170,925 in interest. How Security Bank bills. same table |
| Late payment | ₱1,000 | same table |
| Foreign transactions | 2.5% | same table |
Figures from Security Bank credit card fees and charges, as of August 29, 2025 (dated 29 August 2025), Security Bank card page. BSP ceilings: BSP Circular No. 1165, s.2023. How Security Bank words its late-fee, foreign-fee and minimum-due rules, the same on all its cards: Security Bank billing rules.
Requirements and how to apply
Income: at least ₱780,000 a year (about ₱65,000 a month). bank page
Security Bank's hotline and branch channels for existing clients are on the Security Bank contact page.
Interest on your own balance
- Interest you pay at 3% a month:
- ₱1,212
- Monthly payment:
- ₱7,071
- Total you pay:
- ₱21,212
Against similar cards from other banks
| Card | Annual fee | Interest a month | ₱20,000 over 3 months, plus fees | Minimum income |
|---|---|---|---|---|
| Security Bank Complete Cashback Platinum Mastercard Security Bank | ₱3,000 a year first year free | 3% | - | ₱780,000 a year |
| BDO American Express Cashback Credit Card BDO | ₱250 a month first year free | 3% | ₱4,212 | ₱396,000 a year |
| UnionBank Lazada Credit Card UnionBank | ₱3,000 a year | 3% | ₱4,212 | ₱360,000 a year |
| Toyota Platinum Mastercard Metrobank | ₱2,800 a year first year free | 3% | ₱4,012 | ₱350,000 a year |