The benefits of a credit card go beyond convenient spending, exclusive discounts, and cash advances during tough times. If you own a cashback credit card, you can also earn rebates on your purchases. This kind of reward ultimately saves you money, which you can use to pay part of your outstanding balance.
If you’re thinking of getting a cashback credit card, Security Bank Complete Cashback Platinum Mastercard is worth checking out. Other than earning rebates, it also comes with benefits that you can use for shopping, travel, and more.
Keep reading this Security Bank Complete Cashback Platinum review to learn more.
Security Bank Complete Cashback Platinum: Key Features
Here are the key features of this Security Bank credit card:
- Annual fee: ₱3,000
- Interest rate: 3%
- Minimum monthly income requirement: ₱65,000
- Cash advance fee: ₱200
- Late payment fee: ₱1,000 or unpaid minimum due, whichever is lower
- Overlimit fee: ₱500
- Foreign transaction fee: 1% Mastercard assessment fee plus 1.5% service fee
- Card replacement fee: ₱400 per card
Read more: How to Apply and Get Approved for a Security Bank Credit Card
❓ What is the Credit Limit of Security Bank Complete Cashback Platinum Mastercard?
The credit limit of your Security Bank Complete Cashback Platinum card will depend on a host of factors, such as your income, credit history, and experience using credit cards. It’s likely that you’ll get a low credit limit if you’re a credit card newbie.
Nevertheless, you can apply for a higher credit limit once you gain experience with credit card usage and prove that you’re a responsible cardholder who pays their dues on time.
❓ Who is the Security Bank Complete Cashback Platinum Ideal for?
The Security Bank Complete Cashback Platinum Mastercard is perfect for everyday shoppers. For one, its cashback program allows you to earn rebates across various spending categories. Plus, the cashback is immediately credited to your account.
Security Bank Complete Cashback Platinum Review: Top 6 Reasons to Get This Card
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Is this card perfect for you? This section of the Security Bank Complete Cashback review lists all the best things about it.
👍 Free Gift Voucher or Gadget
If you apply for this card through Moneymax, you get a welcome gift of your choice!
👍 Cashback on Various Spending Categories
You can earn cashback on five kinds of expenses charged to the card. The amount of cashback will depend on the spending category:
- 5% cashback on groceries
- 4% cashback on fuel
- 3% cashback on utilities
- 2% cashback on dining
- 1% cashback on shopping
👍 Year-Round Cashback
Shop for essentials and pay with your credit card to earn rebates all year round. You can enjoy up to ₱12,000 cashback per year.
👍 Quick Crediting of Cashback
Security Bank automatically credits the rebates to your account. That way, you can easily access the cashback. You don’t have to call or email the bank just to claim it.
👍 Free Annual Fee for the 1st Year
Your Security Bank Complete Cashback Platinum card comes with an annual fee of ₱3,000. But the bank waives it for a year, giving you a chance to see if it actually matches your lifestyle.
👍 Travel and Shopping Deals
The Security Bank Complete Cashback Platinum Mastercard also comes with perks for your travels and shopping marathons.
If you love shopping online, you’ll benefit from the card’s e-commerce purchase protection insurance worth up to US$200. Traveling abroad? Relax before your flight at Marhaba Lounge. Your card grants you unlimited access to this facility.
Convinced? Apply for the Security Bank Complete Cashback card by clicking the banner below:
Read more: How to Apply for a Credit Card for the First Time in the Philippines
Security Bank Complete Cashback Platinum Review: Disadvantages
For a balanced Security Bank Complete Cashback Platinum Mastercard review, this guide also lists down the card’s drawbacks.
👎 Cap on Rebates
You can earn only a specific rebate amount per month. Your monthly maximum cap is ₱1,000. Moreover, your principal and supplementary cards share the same rebate cap.
👎 Rebates Not Applicable to Online and International Purchases
Your Security Bank Complete Cashback Platinum’s rebates don’t apply to online purchases. Only swiped transactions are qualified to earn cashback.
While you can use your Security Bank Complete Cashback Platinum on international purchases, it won’t earn you rebates. Only local retail transactions are eligible for cashback.
👎 Rebates Not Convertible to Cash
Your rebates are not convertible to cash. Moreover, they aren’t transferable to other credit cards.
Top Alternatives to Security Bank Complete Cashback Platinum
Here's how this card compares to other Security Bank credit cards:
Meanwhile, if you're looking for options from other banks, here are your top alternatives:
UnionBank Rewards Credit Card
Looking for rewards instead? With the UnionBank Rewards credit card, you can earn 3x non-expiring rewards points when you shop and dine here and abroad. You also earn 1 point for every ₱30 spend.
If you’re a carded first-time UnionBank cardholder, you can waive your annual fees. Just apply through Moneymax until October 31, 2023 and meet the spend requirement of ₱20,000 within 60 days from the card approval date.
Read more: How to Apply for a UnionBank Credit Card: 3 Easy Steps to Follow
Metrobank Titanium Mastercard®
Meanwhile, the Metrobank Titanium Mastercard® earns 2x rewards points on the following spending categories: dining, department store, and online purchases. You’ll receive 1 point for every ₱20 spend. Like the Security Bank Complete Cashback Platinum, it’s also perfect for everyday shoppers.
If you want to enjoy waived annual fees, apply for this card until February 29, 2024.[1]
HSBC Gold Visa Cash Back
The HSBC Gold Visa Cash Back earns 5% cashback on dining transactions, 3% rebate on Caltex fuel purchases, and 0.5% cashback on all other transactions. This card is also an ideal travel companion, thanks to the bank’s home&Away program[2] that gives you access to exclusive privileges at more than 27,000 establishments worldwide.
Security Bank Gold Mastercard
Really want a card from Security Bank? Instead of earning cashback, the Gold Mastercard earns you 1 rewards point for every ₱20 spend. You can exchange the accumulated points for a reward of your choice.
The best thing about the Gold Mastercard? The points don’t expire. This means you can collect and keep as many points as you want and use them whenever you’re ready.
BPI Amore Cashback Card
With the BPI Amore Cashback Card, you can earn 4% cashback at supermarkets, 1% cashback on drugstore purchases and utilities, and 0.3% cashback on all other retail spend.
While its cashback rates are lower, the card allows you to earn rebates on online spend.
Security Bank Complete Cashback Platinum Review: Final Thoughts
Spending with your credit card is not just convenient—it’s also rewarding, especially with features like rebates. The Security Bank Complete Cashback Platinum makes a case for that.
May this Security Bank Complete Cashback Platinum review help you decide if this card is right for you. Feel free to ask family and friends who’ve been using this credit card for more insights.
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