Enjoying a premium lifestyle is easier than you think. Just turn to your credit card and see how it brings you closer to a multitude of shopping perks, exclusive dining offers, travel privileges, and more.
Security Bank’s Platinum Mastercard and World Mastercard offer exceptional convenience when it comes to everyday spending. But they also have rewarding features that let you dip your toes into the world of luxury.
If you’ve been sleeping on these cards’ capabilities, it’s time to try them once and for all. Check out this Security Bank Platinum vs World Mastercard review to learn more about these cards and find out which of them suits you best.
Security Bank Platinum Mastercard Key Features
The Security Bank Platinum Mastercard is one of the bank’s top-tier cards offering a wide range of exclusive benefits. Learn more below:
- Annual fee: ₱4,000 (waived for the first year)
- Interest rate: 3% per month
- Annual income requirement: ₱780,000 (₱65,000 per month)
- Cash advance fee: ₱200
- Overlimit fee: ₱500
- Foreign transaction fee: 1.5% service fee plus 1% Mastercard assessment fee
- Card replacement fee: ₱400
What is the Security Bank Mastercard Platinum credit limit? That will depend on a variety of factors, such as your repayment history and your experience using credit cards.
❓ Who is This Card Ideal For?
With lounge privileges, free travel insurance, and travel-related cashback, the Security Bank Platinum Mastercard is ideal for those who travel abroad often. Moreover, this card makes a great online shopping buddy, thanks to its online purchase protection. Let more about these features below.
Read more: How to Apply and Get Approved for a Security Bank Credit Card
Security Bank Platinum Mastercard Review: What are the Privileges That Come With This Card?
Before you get to enjoy all the good things offered by the Security Bank Platinum Mastercard, you’ll need to overcome one barrier first—the card’s annual fee.
The good news is, Security Bank waives the annual fee for the first year. This means that you can try the card for free and get your hands on the following Security Bank Platinum benefits:
✔️ Exciting Welcome Gift
Apply for this card through Moneymax, get approved, and meet the minimum spend requirement to pick a welcome gift:
Read more: Useful Tips on How to Apply for a Credit Card for the First Time
✔️ Non-Expiring Points
The Mastercard Platinum from Security Bank earns you 2 rewards points for every ₱20 you spend. The best thing about these points? They don’t expire! This means that you can collect as many points as you like until you’re ready to use them.
✔️ Unlimited Marhaba Lounge Access
One of the most exciting Security Bank Platinum benefits for travel is unlimited access to the Marhaba Lounge.[1] This facility is located at NAIA Terminals 1 and 3. Relax while waiting to board your flight.
✔️ LoungeKey Privileges
The Security Bank Platinum Mastercard’s LoungeKey perk lets you access more than 1,000 lounges in over 500 airports worldwide.
Your card entitles you to the following perks:
- Two complimentary lounge access yearly (for the cardholder and the guest)
- Complimentary snacks and refreshments
- Business amenities (conference spaces and Wi-Fi)
✔️ Cashback for Travel-Related Spend
By traveling and shopping abroad, you can get your hands on items that aren’t sold in the Philippines. Use your Platinum Mastercard to enjoy exclusive cashback from participating shops overseas. The rebate is automatically credited to your account.
✔️ Dual Currency Billing
With this feature, you won’t have to worry about currency conversion whenever you process international transactions. You can use your card to pay for your purchases in US dollars.
✔️ Online Purchase Protection
If you’re an avid online shopper, the Security Bank Platinum Mastercard is a must-have since it comes with e-commerce purchase protection insurance. Coverage is worth up to US$200. Inclusions are wrong or incomplete delivery, damages, and non-delivery 30 days after the scheduled delivery date.
✔️ Free Travel Insurance
Book your online tickets with the Security Bank Platinum Mastercard to enjoy free travel insurance. Coverage includes travel accidents, baggage damage or loss, flight delays, medical expenses, and more.
Ready to apply for the Security Bank Platinum Mastercard? Click the banner below:
Security Bank World Mastercard Key Features
The Security Bank World Mastercard lets you enjoy a wide range of privileges, ranging from shopping to travel. Learn more about this credit card below:
- Annual fee: ₱5,000 (waived for the first year)
- Interest rate: 3% per month
- Annual income requirement: ₱3 million (₱250,000 per month)
- Cash advance fee: ₱200
- Overlimit fee: ₱500
- Foreign transaction fee: 1.5% service fee plus 1% Mastercard assessment fee
- Card replacement fee: ₱400
Wondering about the Security Bank Mastercard World credit limit? Just like with other credit cards, it’s subject to various factors, namely your credit history and your repayment record.
❓ Who is This Card Ideal For?
Just like the Security Bank Platinum Mastercard, the World Mastercard is perfect for travelers. Jetsetters who want to minimize risks while on a trip will also benefit from this card’s two types of insurance coverage. Likewise, shoppers who want to earn points fast may find this card handy.
Security Bank World Mastercard Review: What Can I Get From This Card?
The World Mastercard from Security Bank offers similar features as the Security Bank Platinum Mastercard. The differences mainly lie in the rewards system, airport lounge access, and travel insurance coverage.
Moreover, its annual fee is more expensive than that of the Security Bank Platinum Mastercard. Nevertheless, the said fee is also waived for the first year.
Here are the top benefits of this credit card:
✔️ Welcome Gift
As with the Platinum Mastercard, you get to choose a welcome gift if you apply and get approved for this card through Moneymax.
✔️ Non-Expiring Points
Earn rewards points fast with your Security Bank World Mastercard. Every ₱20 spend gives you 3 points. These points don’t expire, which means you can still use them no matter how long you keep them.
✔️ Marhaba Lounge Access
Wait for your boarding in style and comfort at Marhaba Lounge located at NAIA Terminals 1 and 3. You get unlimited access to this facility when you use your Security Bank World Mastercard.
✔️ Exclusive LoungeKey Privileges
Lounge access to more than 1,000 facilities at over 500 airports worldwide is made possible with LoungeKey. On top of that, you get to enjoy the following:
- Six complimentary lounge access yearly (for the cardholder and the guest)
- Dining discounts and up to 15% discounts at duty-free shops
- Mobile app that helps you locate nearby offers and enter lounges
✔️ Travel-Related Cashback
With Mastercard Travel Rewards, you’ll automatically receive cashback when you travel and shop overseas. This applies to partner merchants in the following countries: Australia, Austria, Brazil, Canada, China, France, USA, Indonesia, Japan, Korea, New Zealand, Singapore, Taiwan, Thailand, and more.
✔️ Online Purchase Protection
Planning to go on an online shopping marathon? Shop without worries with the Security Bank World Mastercard’s e-commerce purchase protection insurance.
It covers wrong or incomplete delivery, damages, and non-delivery 30 days after the scheduled delivery date. Your global coverage is worth up to US$200.
✔️ Free Travel Insurance
Counter unforeseen events and travel-related hassles with free travel insurance from Security Bank. You can avail of this privilege when you book your airline tickets with your Security Bank World Mastercard.
The insurance’s maximum coverage is 45 days at 100% benefits. The limit is up to ₱10 million, depending on the hazard. Moreover, it can cover eligible family members.
✔️ Free Travel Medical Insurance
Security Bank World Mastercard cardholders can also enjoy free travel medical insurance worth up to US$100,000. This also includes emergency medical evacuation of up to US$100,000, daily hospital cash benefit of US$100, and overseas daily quarantine allowance of US$100.
Keep in mind that this insurance policy is different from the ₱10 million coverage. It is basically an addition (with COVID-19 coverage) to the existing free travel insurance.
To be eligible for this benefit, the entire cost of your international fare must be charged to your card.
Apply now for the Security Bank World Mastercard by clicking the banner below:
Security Bank Platinum vs World Mastercard: Side-by-Side Comparison
Still torn between Security Bank Platinum vs World Mastercard? Check out this table to see their similarities and differences.
Bonus: Win 1 Million Rewards Points With Your Security Bank Credit Card!
Regardless of the card that you get, you have a chance to win 1 million rewards points that you can use for shopping, travel, and gadget upgrades through Security Bank's raffle. To enter, redeem any item from the official Security Bank rewards catalog or via customer service at (02) 8887-9188 during the promo period.
Keep in mind that 1 rewards redemption is equal to one raffle entry. Promo period is until August 31, 2023. The draw will be on September 13, 2023. Visit Security Bank’s website to learn more.[2]
Security Bank and Platinum World Mastercard Alternatives
In case the features you’re looking for are not offered by the Security Bank Platinum Mastercard, you may want to check out the rest of Security Bank's lineup:
Here are more alternatives:
HSBC Platinum Visa Rebate
This Platinum Visa card from HSBC is perfect for both shoppers and travelers. It lets you earn a 5% rebate on travel and shopping spend all year round, a 1% rebate on insurance, and 0.5% rebate on all other transactions. It also comes with free travel insurance.[3]
Read more: A First-Timer’s Guide to HSBC Credit Card Application
Metrobank Platinum Mastercard®
Foodies will fall in love with the Metrobank Platinum Mastercard®, as it entitles them to up to 50% off on premium dining offers. If you’re an online shopaholic, you can shop with confidence, as the card comes with e-commerce purchase protection worth up to US$200.
BPI Amore Platinum Cashback
If shopping is a beloved sport of yours, check out BPI’s Amore Platinum Cashback. Every ₱1,000 you spend earns 4% cashback at restaurants, 1% cashback at shops, and 0.3% cashback at all other retailers (both local and international; online and in-store).
On the other hand, if you’re looking for alternatives to Security Bank World Mastercard, you may want to check out the following cards:
Metrobank World Mastercard®
The Metrobank World Mastercard® lets you earn one mile with every ₱25 foreign currency spend. Moreover, you can enjoy 2x reward points when you shop overseas.
BPI Visa Signature Card
Another credit card designed for chronic travelers, the BPI Visa Signature card lets you save as you shop abroad, thanks to its low forex conversion rate of 1.85%.[4] Up to 50% discount awaits you at participating restaurants, resorts, and hotels all year round.
Read more: BPI Credit Card Application: Requirements, Process, and More
HSBC Premier Mastercard
This card suits travelers who shop and spend a lot abroad. Pay with your HSBC Premier Mastercard and earn 4x bonus points for every ₱20 you spend overseas. Meanwhile, you can earn 3x bonus points when you shop and dine locally. This card also comes with free travel insurance.
Final Thoughts
Security Bank’s two premium credit cards–—the Platinum Mastercard and the World Mastercard—are not only reliable spending tools. They’re also your travel buddies, especially if you frequently fly and shop overseas.
Both of them make spending rewarding. They even come with freebies such as e-commerce purchase protection and travel insurance.
The two cards are similar in a lot of ways. But with this Security Bank Platinum vs World Mastercard review, you can see their differences. To learn more, ask a friend or a family relative who uses these cards about their experience.
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