Security Bank — Credit Card Fees and Charges

James Ryan Jonas

We continue our Credit Card series here in PinoyMoneyTalk with a listing of fees and charges for all local credit cards.

security-bank-pinoymoneytalWe know that it is expensive to maintain a credit card, so we want you to be aware of all fees and charges you have to pay in order to own a credit card.

In this article, we start with Security Bank credit cards and we summarize below all fees and charges that apply to Security Bank MasterCard and Diners Club (DC) credit cards effective May 1, 2014.

Security Bank Credit Cards

Annual Fees

Credit CardPrimary Card Annual FeeSupplementary Annual Fee
Security Bank MasterCard ClassicPhp2,000Php1,000
Security Bank MasterCard GoldPhp2,500Php1,500
Security Bank MasterCard PlatinumPhp4,000 (Single & Dual Currency)Php2,500 (Single & Dual Currency)
DC International (Single Currency)Php2,000Php1,000
DC International (Dual Currency)Php3,000Php1,500
DC PremierePhp4,000Php2,500

Late Payment Fee

  • Php600 or 6% of the minimum amount due, whichever is higher

Cash Advance Fee

  • Php500 or 5% of the cash advance amount, whichever is higher

Finance Charge

  • Security Bank Classic MasterCard & Gold MasterCard, Diners Club International & Premiere: 3.5%

Card Replacement / Lost Card Fee

  • Php400

Minimum Amount Due

  • Security Bank MasterCard & Diners Club – Php500 or 4% of the Total Revolvable Billing plus all non-revolvable transactions, whichever is higher

Take note: it is expensive to maintain a credit card, so make sure you manage your finances properly! Use your credit cards wisely!

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James Ryan Jonas teaches business management, investments, and entrepreneurship at the University of the Philippines (UP). He is also the Executive Director of UP Provident Fund Inc., managing and investing P3.2 Billion ($56.4 Million) worth of retirement funds on behalf of thousands of UP employees.