At a time when cashless payments are encouraged, having a savings account may no longer be enough, especially with all the fees imposed by banks when transferring money and making transactions.
One way to survive in this increasingly cashless world is to get a credit card as it can give you financial flexibility. However, with the qualifications required by banks, many people may be intimidated.
If you want to get a credit card, but you want to take it step-by-step, you might want to check out what the Security Bank Fast Track Secured Credit Card has to offer. Here’s what you need to know.
Security Bank Fast Track Secured Credit Card Features and Benefits
The main point about this offering is that it gives account holders a ‘fast track’ toward owning a credit card.
This program lets you open a savings or time deposit account with Security Bank with a 100% guarantee when you apply for a credit card.
When your application for a savings or time deposit account gets approved by the bank, you can rest assured that you will be approved when you apply for a credit card.
Aside from this, the bank offers a variety of advantages for successful applicants. It offers a credit limit of up to 80% of the holdout amount. Moreover, it lets users build their credit history and score using this secured card.
The best thing about this card is that users can get rebates and rewards points every time they make transactions.
Security Bank credit cardholders can enjoy valuable discounts and offer including 0% installments, prizes when you transact with partner merchants, and more.
Perks cover a whole lot of spending categories such as dining, shopping, tech, home, wellness, and entertainment.
Application Process & Requirements
According to the Fast Track Program page, interested individuals can apply by visiting any Security Bank near you to open a savings or time deposit account. Then, you can simply apply for a credit card with 100% approval guaranteed.
This offer is open to all existing and new clients. However, keep in mind that it is exclusive for Mastercard products only. You will be pleased to know that no proof of income is required.
You just need to be at least 21 to 65 years old, with a business or residence landline number. You must also fill out and sign the application form and Holdout Agreement form.
You are also required to submit a government-issued photo-bearing identification card. Lastly, you should be able to fulfill the required deposit of ₱15,000 for savings accounts or ₱100,000 for time deposit accounts.
You do not have to wait long to get results as processing takes only 3 banking days upon submitting requirements.
Rates & Charges
If you opt for the Classic credit card, here are fees you can expect to be applied to your account depending on your activities.
- Annual Fee – ₱2,000, waived for the first year
- Interest Rate – 3.5% per month
- Cash Advance – ₱500 or 5% of the cash advance amount per transaction
- Late Payment – ₱600 or 6% of the amount due
- OTC Cash Advance Fee – ₱500 per transaction
- Overlimit Fee – ₱500 per occurrence
Address: 6776 Ayala Ave, City of Makati, Metro Manila, Philippines.
Telephone: +632 8887-9188.
For more information, you can email the bank at firstname.lastname@example.org
The Security Bank Fast Track Secured Credit Card offers a whole lot of benefits, but they should be benefits that fit your needs. So remember to research different cards before applying for one.
Note: There are risks involved when applying for and using a credit card. Please see the bank’s Terms and Conditions page for more information.