4 Security Bank Credit Card Installment Plans for Hassle-Free Payments

Rouselle Isla

Rouselle Isla

Last updated August 30, 2023

Are you a Security Bank credit cardholder? Aside from secure and convenient shopping, dining and travel privileges, year-round promos, and an exciting rewards program, you can enjoy exclusive installment plans and payment facilities. 

Use these features for significant or unexpected expenses. You can access the available credit limit of your card and convert it into cash, pay in monthly terms, and more.

Read on to learn about the Security Bank credit card installment and payment programs you can avail of when shopping, paying bills, and more. 

Security Bank Credit Card Installment and Payment Facilities

If you ever need to avail of fast cash, pay for purchases in installments, or simplify all your bills, these convenient credit card installment and payment options can save the day.

💸 Ready Cash 

security bank credit card installment - ready cash

Need cash for an emergency? With Security Bank Ready Cash, you can convert your available credit card limit to cash and pay in fixed monthly installments. It’s a quick option if you need a small and short-term loan. 

To use this online cash advance facility, your available credit limit should be sufficient to cover the Ready Cash amount, which should be at least ₱10,000.   

You can check the monthly installment amount, add-on rate, and factor rate using the Security Bank Ready Cash calculator. In the table below, see the sample calculation, which also applies to other installment plans like Security Bank ChargeLight and Balance Transfer: 

Ready Cash / ChargeLight / Balance Transfer  Payment Terms Add-On Rate Factor Rate
3 months 1% 0.343333
6 months 1% 0.176667
9 months 1% 0.121111
12 months 1% 0.093333
18 months 1% 0.065556
24 months 1% 0.051667

 

How to Avail of Ready Cash 

Follow the steps below to avail of this credit limit to cash feature: 

  1. Fill out the Security Bank Ready Cash application form online[1] and provide the following information: 
    • The last four digits of your Security Bank credit card
    • Credit expiry date 
    • Mobile number
    • Date of birth 
    • Email address 
    • Desired Ready Cash amount 
    • Bank name and bank account number 
    • Preferred Ready Cash term
  2. Tick the boxes for the Data Privacy Notice, Terms and Conditions, and waiver for personalized rates. 
  3. Click the Apply Now button. 

Ready Cash processing time usually takes around five to seven days. To follow up on your Ready Cash application status, call the 24-hour Customer Service Hotline at (02) 8887-9188.

💸 ChargeLight

security bank credit card installment - chargelight

If you plan to make a big purchase, you can do so with your Security Bank credit card and convert it to a ChargeLight installment plan. 

What is ChargeLight by Security Bank, you ask? It’s a credit card installment facility that allows you to convert single-receipt transactions of at least ₱5,000 into an installment plan. 

How to Avail of Security Bank ChargeLight

Want to know how to use Security Bank ChargeLight? First, you must be the principal cardholder of an account in good standing. 

Moreover, only unbilled (not yet reflected on your latest Statement of Account) single-receipt transactions of at least ₱5,000 can be converted to ChargeLight. This means Security Bank must receive your application before it’s reflected in your Statement of Account. You should also apply not more than 60 days from the transaction date. 

Also, the ChargeLight amount should not exceed your available credit limit. 

Here's how to apply for Security Bank ChargeLight:

  1. Fill out the ChargeLight application form online[2] and provide the following information: 
    • Full name of cardholder
    • The first six digits and the last four digits of your Security Bank credit card
    • Credit expiry date 
    • Mobile number
    • Date of birth 
    • Email address 
    • Non-Security Bank credit card details (bank, card number, 
    • Transaction date 
    • Merchant
    • Amount 
  2. Select your preferred ChargeLight term. 
  3. Tick the boxes for the Data Privacy Notice, Terms and Conditions, and waiver for personalized rates. 
  4. Click the Apply Now button. 

💸 Balance Transfer

security bank credit card installment - balance transfer

Security Bank’s balance transfer facility allows you to transfer your other credit card balances to your Security Bank credit card and pay in monthly installments. 

To be eligible for a balance transfer, you must be in good credit standing with Security Bank and other banks or credit card companies. 

The total balance transfer amount should be at least ₱5,000 and not more than the available credit limit or the total amount due on the other bank’s credit card. 

All Security Bank credit card balance transfer applications will be subject to verification and approval. 

How to Avail of Balance Transfer 

  1. Fill out the balance transfer application form online[3] and provide the following information: 
    • Full name of cardholder
    • The first six digits and the last four digits of your Security Bank credit card
    • Credit expiry date 
    • Mobile number
    • Date of birth 
    • Email address 
    • Non-Security Bank credit card details (bank and card number) 
    • Balance transfer amount 
    • Non-Security Bank credit card expiry date
    • Preferred balance transfer term (use the Security Bank balance transfer calculator to see the balance transfer rate and a sample computation)
  2. Attach a copy of your credit card statement of account. 
  3. Tick the boxes for the Data Privacy Notice, Terms and Conditions, and waiver for personalized rates. 
  4. Click the Apply Now button. 

Read more: Is a Balance Transfer Credit Card a Good Idea? Here's How It Works


Don't have a Security Bank credit card yet? Here are a few options to consider:

Security Bank Gold Mastercard

Security Bank Gold Mastercard

  • 1 rewards point for every ₱20 spend
  • Exclusive rewards and promos all year round

Security Bank Complete Cashback Mastercard

Security Bank Complete Cashback Platinum Mastercard

  • 5% cash back on groceries, 4% on fuel, 3% on bill payments, 2% on dining expenses, and 1% on shopping
  • Exclusive access to Marhaba Lounge at NAIA 1 and 3


🎁 Free Gift from Moneymax: ₱2,500 Cash Credits, JBL Charge 5 Speaker, or Sony WH-CH520 Wireless Headphones

security bank welcome gift

Eligible cards: Gold Mastercard, Complete Cashback Platinum Mastercard, Platinum Mastercard, World Mastercard

Promo period: Until June 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: ₱2,500 Giftaway cash credits, a JBL Charge 5 worth ₱7,599, or Sony WH-CH520 Wireless Headphones worth ₱3,299.

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

Per DTI Fair Trade Permit No. FTEB-194368 Series of 2024.  Terms and conditions apply. 


💸 SimplyPay

security bank credit card installment - simplypay

Security Bank’s SimplyPay allows you to pay anything requiring deposit payments—like rent, professional fees, association dues, and school tuition—with your Security Bank credit card. Through SimplyPay, you can deposit your payment to any local bank account.

Check out its features: 

  • Applicable to Security Bank principal cardholders whose account is active and current 
  • Full or installment payments of up to 12 months 
  • Up to ₱500,000 credit limit 
  • Minimum SimplyPay amount of ₱1,000 for straight transactions and ₱3,000 for installment transactions 

Note that there will be a fee/add-on rate of 3% for straight transactions. See the table below for the fees on installment transactions: 

SimplyPay Tenor Add-On Rate Factor Rate
3 months 1% 0.343333
6 months 1% 0.176667
9 months 1% 0.121111
12 months 1% 0.093333

 

How to Apply for SimplyPay

  1. Fill out the SimplyPay application form online[4] and provide the following information: 
    • Full name of cardholder
    • The first six digits and the last four digits of your Security Bank credit card
    • Credit expiry date 
    • Mobile number
    • Date of birth 
    • Email address 
    • Recipient’s name
    • Bank account name, bank name, and account number 
    • Amount 
    • Payment option (straight or installment)
    • Purpose of payment 
    • Email address
  2. Tick the boxes for the Data Privacy Notice, Terms and Conditions, and waiver for personalized rates. 
  3. Click the Apply Now button. 

Security Bank will process your SimplyPay application within six days after your form submission. 

SimplyPay Installment Promo 

Avail of SimplyPay on straight transactions until October 15, 2023, to enjoy waived fees.[5] The minimum amount should be ₱1,000 for regular straight transactions. 

Related reading: Can You Pay Tuition with a Credit Card? What Every Parent Should Know

💸 Bills Assist 

security bank credit card installment - bills assist

You shouldn’t spend hours queuing at a bill payment counter, especially when there’s Security Bank Bills Assist. 

Stay on top of your household utility bills and insurance payments and automatically charge them to your Security Bank credit card. This automated Security Bank bill payment facility allows you to consolidate and pay your monthly bills on just one due date. 

As a bonus, you earn rewards points from your transactions (except for PLDT and Meralco). There’s no limit to the number of accounts you can enroll as well.

How to Enroll in Bills Assist 

  1. Fill out the Bills Assist application form online[6] and provide the following information: 
    • Full name of cardholder
    • The last four digits of your Security Bank credit card
    • Credit expiry date 
    • Email address 
    • Preferred time to be contacted
    • Bills to enroll
  2. Tick the Terms and Conditions box. 
  3. Click Submit

Read more: How to Pay Bills Using a Credit Card in the Philippines for Beginners

Meanwhile, if you're looking for credit cards with installment perks, you can check these out:

Credit Card Installment Benefits
Metrobank Platinum Mastercard®
metrobank PLATINUM MASTERCARD
APPLY NOW
0% interest installment plans
Metrobank Titanium Mastercard® 
METROBANK TITANIUM MASTERCARD
APPLY NOW
0% interest installment plans of up to 24 months
HSBC Red Mastercard
hsbc red
APPLY NOW
0% interest installment at all participating merchants with flexible payment schemes of up to 36 months
BPI Edge Card
BPI Edge
APPLY NOW
Multiple installment options: 0% installment, Buy Now Pay Later, Bonus Madness Limit (additional installment limit)
HSBC Premier Mastercard
hsbc premier mastercard
COMPARE NOW
  • 0% interest on purchases with terms of up to 36 months
  • Cash installment plans at low interest rates

Final Thoughts

These Security Bank credit card installment plans and payment facilities make money management easy. Pay off major purchases or debt in easy and affordable terms. More importantly, never miss a due date payment again. 

To explore other credit cards, compare via Moneymax and find one with the best installment offers and promos. You can apply straightaway without leaving the site, too! 

Compare credit cards with Moneymax

Sources: 

Rouselle has over eight years of writing experience in the personal finance niche. She has written feature stories, articles, and how-to guides on various personal finance and trending lifestyle topics. Before that, she briefly worked in banking and was a licensed life insurance advisor. When not writing, Rouselle likes to read books and binge-watch films and series. Follow Rouselle on Linkedin.

FINANCIAL TIP:

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