Shop at ease with affiliated merchants worldwide
Get coverage on accidents and more when you charge your travel expenses such as airline tickets and other means of public transportation to your card
Access at any Security Bank, BancNet, and Megalink ATMs nationwide or MasterCard/Cirrus/Maestro ATMs worldwide.
Simplified purchase and reimbursement process and manual check issuance.
Ease in the tracking of purchases and expenses and streamline monitoring level of business activity
Convert your transactions to ChargeLight and enjoy light installments.
Consolidate payments for utilities such as phone bills, internet, etc. which could streamline processes and save time or effort in your company.
Ability to restrict usage by vendor MCC code (e.g. Gambling, supermarket etc.)
A smart, web-based expense management system supported by Mastercard
Below is the table of fees and charges as of May 25, 2021
|Annual Membership Fee||PHP 2,000|
|Interest||2% per month|
|Late Payment Fee||6% of the minimum amount due or PHP 600 (USD 12), whichever is lower
Effective August 30, 2021: PHP 1,000 (USD 20) or unpaid minimum amount due, whichever is lower
|Cash Advance Fee||PHP 200 per transaction (For peso account)
USD 4 per transaction (For dollar account)
|Chargelight Plan Pre-Termination Fee||5% of unbilled portion of the principal amount|
|Over the Counter Processing Fee||PHP 500 per transaction|
|Payment Transfer Fee||PHP 100 if transferring from a Peso account
USD 2.5 if transferring from a Dollar account
|Charge Slip Retrieval Fee||PHP 400 per sales slip|
|Lost Card Fee/Card Replacement Fee||PHP 400 per card|
|Card Certification Fee||PHP 200 for full statement of account
PHP 300 for good credit standing
|Returned Check Fee||PHP 1,250 for Peso per returned check
USD 25 for Dollar per returned check
|Statement of Account Retrieval Fee||PHP 50 per page if requested billing statement is more than 3 months old|
|Refund Fee||PHP 500 for any amount PHP 1,000 and above
PHP 200 for any amount below PHP 1,000
|Foreign Exchange Transactions||All charges, advances, or amounts in currencies other than Philippine Peso (PHP) shall be converted to PHP. For dual currency, all charges, advances, or amounts in currencies other than Philippine Peso (PHP) shall be billed in US Dollar (USD). All transactions will be converted using Mastercard’s currency conversion rate at the time of posting. All converted transactions shall be charged with 1% Mastercard assessment fee and 1.5% service fee, of the rates of which may be adjusted from time to time. The service fee shall likewise apply to transactions involving foreign currencies converted to PHP at point of sale, whether executed in the Philippines, abroad, or online. Service fees may also be charged to cover costs incurred to discharge the amount(s) due to Mastercard and/or acquiring bank and/or foreign merchant affiliates|
|Minimum Amount Due||3% of total amount due or PHP 500 (USD 10), whichever is higher|
|ADA Fee||PHP 250 for Peso Account, if ADA account has insufficient funds.
USD 5 for Dollar Account, if ADA account has insufficient funds.
|Overlimit Fee3||PHP 500 per occurence|
|Account Maintenance Fee||PHP 250 or amount equivalent to the credit balance whichever is lower will be charged to the accounts with credit balance that are closed or with no activity for the past 12 months.
USD 5 or amount equivalent to the credit balance whichever is lower will be charged to the accounts with credit balance that are closed or with no activity for the past 12 months.
|Quasi-Cash Fee2||2.5% of transacted amount|
|Change in credit card statement cut-off fee4||Effective July 15, 2021: PHP 2,000|
|1 Cash Advance made overseas shall be subject to the fees of the servicing foreign franchise or bank.
2Quasi-cash fee will be applied on gaming/gambling transactions and/or transactions made at gaming/gambling establishments, including the placement of wagers, purchase of lottery tickets, gaming chips, as well as any other values in conjunction with any gaming or gambling activity.
3Overlimit fee shall be charged for card usage beyond the approved credit limit. Please refer to Credit Cards Terms and Conditions for the full description.
4Change in credit card statement cut-off fee shall be charged for every request to change your Security Bank Credit Card’s Statement Cut-off.
For bills not paid in full, the corresponding interest per card type will be applied to the Total Amount Due in your Statement of Account based on your average daily balance. A corresponding Late Payment Fee per card type will be charged to your card account if payment is not received on or before the Payment Due Date. Security Bank reserves the right to change said fees and charges from time to time with prior notice.
This product is not a deposit. This financial product of Security Bank Corporation is not insured by the Philippine Deposit Insurance Corporation (PDIC)
Click here to view the full Terms and Conditions.
What is a Security Bank MasterCard corporate credit card?
A company guaranteed credit card issued to select employees of the company for business-related expense within the approved corporate line.
Does Security Bank MasterCard require a minimum number of employees to be issued with Security Bank MasterCard Corporate Cards per company?
There is no minimum number. The company can opt to issue just one (1) corporate card.
Who assigns credit limit(s) for employee(s)?
It is the company thru the Authorized Representative (as pre-selected) who assigns the credit limit per employee.
Does it have an installment facility?
Yes. The Corporate Cardholder(s) may use the cards for installment purchases at participating merchants
Can they avail supplementary cards?
No. The Corporate Cardholder(s) to whom a Corporate Card is issued cannot request for a supplementary card.
If purchases are made outside the Philippines, in what currency shall the company be billed?
All purchases shall be billed and paid in Philippine Pesos.
What are the payment options available for the company?
The company can pay Security Bank MasterCard via any of the following:
Is the annual fee waived?
Annual fee is waived for the 1st year.
Are SBC Corporate cards transferable?
SBC Corporate cards are non-transferable.
How soon can a card cancellation be effected if request is initiated by the company?
Same day on a 12noon cut-off. For lost cards, please call our 24-hour Customer Service hotline for immediate blocking.
What can the company do to ensure that all expenses made by employee cardholders are for business related activities and not for personal use?
The company should put in place the Policies and Procedures covering its Corporate Card Program. The best practice is to have the cardholder sign an agreement certifying that he/she has read and agrees to comply with the Terms and Conditions governing the use of his/her corporate card.