Security Bank Platinum Mastercard: fees, interest and requirements
The Security Bank Platinum Mastercard has an annual fee of ₱4,000 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 you fly often enough that its miles or lounge access are worth more than ₱4,000 a year to you. The first year is free. Skip it 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 at 3% a month costs ₱1,212 in interest; add the ₱4,000 annual fee and a year comes to ₱5,212, 89th lowest of 127 cards open to the public (tied with 6).
Security Bank's closest card is the Security Bank Complete Cashback Platinum Mastercard. Against it, this card costs ₱4,000 a year instead of ₱3,000, 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 Platinum Mastercard gives you
- 2 BetterBanking points for every ₱20 spent; points do not expire and convert to airline miles Security Bank card page
- Two complimentary visits a year to 1,300+ airport lounges worldwide same page
- Free travel insurance same page
- Dual currency billing: Foreign purchases billed in US dollars same page
Who should get the Security Bank Platinum Mastercard
| If | Then |
|---|---|
| You pay in full every month and want a travel and miles card | The Maya Black Credit Card (Maya) asks the same or a lower income and costs ₱4,000 a year less as long as you use it monthly. Pick the Security Bank Platinum Mastercard only if its rewards are worth more than that to you. |
Security Bank Platinum Mastercard downsides, and what a late payment costs
- The ₱4,000 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 Platinum Mastercard annual fee, interest and charges
| Charge | Security Bank Platinum Mastercard | When, and the rule |
|---|---|---|
| Annual fee | ₱4,000 a year Supplementary: ₱2,500 a year | Annual fee waived for the first year. Fee table: Primary: PHP4,000.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
Apply with the button below. Channels, documents, status and hotline: Security Bank contact and requirements.
Apply for the Security Bank Platinum Mastercard on Security Bank's site
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 Platinum Mastercard Security Bank | ₱4,000 a year first year free | 3% | ₱5,212 | ₱780,000 a year |
| UnionBank Miles+ Platinum Visa UnionBank | ₱3,000 a year | 3% | ₱4,212 | ₱600,000 a year |
| UnionBank Go Rewards Platinum Visa UnionBank | ₱5,000 a year | 3% | ₱6,212 | ₱600,000 a year |
| UnionBank Cebu Pacific Platinum UnionBank | ₱5,000 a year | 3% | ₱6,212 | ₱600,000 a year |