In these Terms and Conditions governing the Convert-to-ChargeLight Facility ("Terms and Conditions"), the term "Security Bank Credit Card" means all credit cards issued by Security Bank Corporation ("Bank"). The term "Cardholder" means any person whose availment of one (1) or more Security Bank Cards have been issued by the Bank.

1. Convert-to-ChargeLight is a Security Bank Credit Card Installment Facility which allows selected principal Security Bank Credit Cardholders in good credit standing to convert a single-receipt retail and/or purchase transaction of at least Php5,000 to an installment plan.
2. Transactions including but not limited to cash advance transactions, interest charges, fees, and installment amortizations are not qualified to be converted to Convert-To-ChargeLight.
3. Convert-to-ChargeLight application should be received by the Bank before the purchase and/or transaction is reflected in your monthly Statement of Account.
4. The approved Convert-to-ChargeLight amount must not exceed the available credit limit of the Cardholder.
5. Rewards points from the retail and/or purchase transaction requested for Convert-to-ChargeLight will be deducted from the Cardholder's account once converted and will be credited monthly in such amounts corresponding to the portion of the principal amount of the monthly installment billed.
6. Purchases and/or transactions made on Complete Cashback Platinum Mastercard requested and approved for Convert-to-ChargeLight are not eligible to earn rebates. Thus, the monthly installment amount will not be considered in the computation of rebates. Only the original transaction amount of straight retail transactions and/or purchases will earn rebates.
7. The Convert-to-ChargeLight application is still subject to the Bank's verification and credit approval.
8. The Terms and Conditions governing the issuance and use of Security Bank Credit Card and all related provisions of the Security Bank In-house Installment Plan are incorporated herein by reference and made integral part hereof.

1. The Cardholder must be a principal credit Cardholder and must be in good credit standing.
2. Only unbilled purchases and/or transactions of at least P5,000 in a single-receipt are qualified for Convert-to-ChargeLight. Unbilled means that the purchases and/or transactions are not yet reflected on your current Statement of Account.

1. The Bank shall have the absolute and exclusive right to approve or reject a Convert-to-ChargeLight availment.
2. The Cardholder shall be responsible to keep track and follow up the status of his/her Convert-To-ChargeLight application by calling the 24-hour Customer Service Hotline (02) 8887-9188. In case of rejection of a Convert-to-ChargeLight availment, the Bank is not required to notify the Cardholder of such rejection and the reason thereof.
3. Once the Convert-to-ChargeLight application is approved, the monthly amortizations shall be posted on the Cardholder's succeeding monthly Statement of Account. These shall form part of the Total Outstanding Balance Due in the Cardholder's statement of account. If the Cardholder revolves any portion of the Total Outstanding Balance Due in any given month, the account shall be subject to the computation of the Finance Charge and Late Payment Charge (if applicable) for that month.
4. If a portion of Convert-to-ChargeLight remains unpaid after the chosen repayment period, the corresponding unpaid principal amount shall be charged the prevailing, standard monthly finance charge of the Security Bank Credit Card. Should any portion of the monthly add-on interest due in any given month remain unpaid, the corresponding Finance Charge and Late Payment Charge shall be applicable.
5. Once approved, the Convert-To-ChargeLight transaction can no longer be reversed. In case of pre-termination or cancellation of the approved Convert-to-ChargeLight transaction before the end of the chosen repayment period, the Bank reserves the right to charge to the Cardholder's account 5% of the unbilled portion of the principal amount.
6. The monthly interest rates are determined by the Bank and may be subject to change in accordance with the prevailing market rates for similar transactions and terms.
7. By submitting the form and/or application, the Cardholder thereby agrees that he/she is applying for the Convert-to-ChargeLight at the regular add-on rates notwithstanding that he/she may be qualified for personalized add-on rates which may be equal or lower than the regular add-on rates.
8. In case a Cardholder ceases to be of good credit standing through (i) suspension, (ii) cancellation, or (iii) non-renewal of Security Bank Credit Card due to non-payment or breach of these Terms and Conditions, all unpaid installment amounts as well as other account balances shall immediately become due & demandable.