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Security Bank Complete Cashback Platinum: Rebates and Perks Review

Jay Pagkatotohan

Jay Pagkatotohan

Last updated October 11, 2023

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

security bank complete cashback platinum review

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

security bank complete cashback platinum review  - pros

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! 

🎁 Free Gift from Moneymax: ₱2,500 eGift, JBL Bluetooth Speaker, or Sony Wireless Headphones

security bank welcome gift - egift jbl bluetooth speaker sony wireless headphones

Eligible cards: Select Security Bank credit cards:

Promo period: Until April 30, 2024

Want a credit card from Security Bank? You're in for a treat if you apply and get approved for an eligible card through Moneymax and meet the minimum spend requirement. Pick your free Security Bank welcome gift: a ₱2,500 Giftaway eGift voucher, a JBL Horizon 2 Bluetooth Clock Radio Speaker worth ₱5,354, or Sony WH-CH520 Wireless Headphones worth ₱3,299.

This Moneymax Security Bank Giftaway/JBL/Sony credit card promo runs until April 30, 2024 only. Apply now!

Per DTI Fair Trade Permit No. FTEB-189987 Series of 2024.  Terms and conditions apply

👍 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:

Security Bank Complete Cashback Platinum Mastercard

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:

Credit Card
Annual Fee
Minimum Annual Income Requirement
Key Features
Security Bank Gold MastercardGold_Contactless_2022-2026-1
₱2,500 ₱360,000
  • 1 rewards point for every ₱20 spend 
  • Worldwide acceptance and exclusive Mastercard promos  
  • Unlimited Marhaba Lounge access at NAIA 1 and 3
Security Bank Platinum Mastercard
security bank platinum
₱4,000 ₱780,000
  • Free travel insurance 
  • Access to airport lounges worldwide via LoungeKey
  • Mastercard E-Commerce Purchase Protection of up to US$200
  • 2 rewards points for every ₱20 spend
Security Bank Complete Cashback Mastercard
Security Bank Complete Cashback Platinum Mastercard
₱3,000 ₱780,000
  • Immediate cashback of up to 5% on five essential expenses
  • As much as ₱12,000 cashback annually 
  • Waived annual fee for the first year
  • Exclusive Mastercard promos and discounts
Security Bank World Mastercard
security bank world
₱5,000 ₱3 million
  • Membership to more than 1,000 lounges in over 500 airports worldwide
  • Free travel insurance coverage up to ₱10 million
  • Dining, spa, and retail offers from select exclusive airport merchants
  • Mastercard E-Commerce Purchase Protection of up to US$200

Meanwhile, if you're looking for options from other banks, here are your top alternatives: 

UnionBank Rewards Credit Card 

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®

Metrobank Titanium

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 

HSBC Gold Visa Cashback

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 

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

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. 

Compare credit cards with Moneymax


Jay is a marketing communications professional who specializes in short-form and long-form content. He has written ads for TV, radio, print, and digital. He has also produced corporate blogs, magazine features, white papers, product listings, reviews, and press releases for clients here and abroad. When he’s not writing, Jay plays the piano or takes pictures for his visual diary. Follow Jay on LinkedIn.


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