The Security Bank Wave Mastercard is a no-annual-fee cashback card designed for online shoppers. It offers straightforward 1% cashback on online purchases, making it a simple way to earn while you spend digitally. With no annual fee for life and added protection for online transactions, it’s ideal for those who prioritize convenience and security. Cardholders also get access to local airport lounges at discounted rates for occasional travel perks.
Card Tier:
Rewards Type:
Best For:
Min Annual Income:
360,000
Annual Fee:
0
Annual Fee Policy:
Earn 1% cashback on online purchases, with a maximum of ₱3,000 cashback per year (minimum ₱1,000 spend required to earn).
Enjoy no annual fee for life with no spend requirement.
Get e-commerce purchase protection insurance with coverage of up to $200 for online purchases.
Access local airport lounges (A Lounge, Marhaba, PAGSS) at preferential rates.
Credit to Cash:
Ready Cash
Purchase Installment:
ChargeLight
Balance Conversion:
n/a
Balance Transfer:
Balance Transfer
Special Installment:
n/a
Send Money:
SimplyPay
Bills Payment:
Bills Assist
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Annual Fee:
0
Annual Fee note:
Annual Fee Supplementary:
0
Annual Fee Supplementary note:
No annual fee
Retail Monthly Interest Rate:
3%
Cash Advance Monthly Interest Rate:
3%
Cash Advance Fee:
₱200
Processing Fee – Credit to Cash:
n/a
Processing Fee – Purchase Installment:
n/a
Processing Fee – Balance Conversion:
n/a
Processing Fee – Balance Transfer:
n/a
Send Money Fee:
n/a
Note: The installment processing and Send Money fees shown above reflect the minimum applicable amount. Actual fees may vary depending on the transaction amount, currency involved, or how the request is initiated (e.g., through electronic channels or via customer service).