Security Bank Releases A Sustainable No-Stress Credit Card

Say goodbye to annual fees, high-interest rates, and say hello to cashback opportunities as Security Bank’s new credit card offers an attractive array of benefits worth checking out.

Being a Gen Z in my early 20s, my finances scare me. Coming out of college and gaining access to “adult” money—I want to maximize how I can utilize what I earn. Admittedly, online shopping is and will always be a part of my life. However, looking for the perfect credit card that would accommodate all my needs and, at the same time, give me benefits is a tough task. 

Online shopping/ Photo by Leeloo The First via Pexels

One of the leading retail banks in the Philippines recently developed a product that piqued my interest. The ‘Wave Mastercard’ credit card by Security Bank offers new deals that revolutionize smart spending. In addition, aside from the enticing benefits, their mission for sustainability is a cause worth supporting.

The Wave Mastercard/ Photo via the Security Bank website

Stress-free Revolutionary Offerings

The Wave Mastercard is a new product launched by Security Bank in partnership with Mastercard. Furthermore, in a groundbreaking feat, the Wave Mastercard is a credit card that forever waives annual fees. Though it is not new to the market, the benefits coupled with the waived annual fee are enticing. 

Aside from no annual fees, the Wave credit card offers the lowest interest rates in the market. Customers can enjoy an interest rate of only 2.5%—lower than the typical 3% low-interest rate cards. Furthermore, the Wave Mastercard also rewards customers with 1% cashback on all online purchases. The cashback option is a treat for people who love online shopping, dining, and travel. 

Wave Mastercard/ Photo via the Security Bank website

The design of the Security Bank Wave Mastercard is one of the selling points of the card. “The product name itself is a wordplay on the word wave. Because you waive your annual fees, there is the wave of benefits, and a wave of a new brand of credit cards,” Meri Filart, Product Mangement & Communications Head, said. 

For The Younger Generation

“The core of this product is basically aligning with the lifestyle of our target market, who are the young, emerging, affluent [generation],” Filart said. 

Security Bank recognizes the needs of its customers. The Wave Mastercard is a product of multiple surveys conducted by the bank. The company listens to every suggestion given by its customers. As per Lifestyle Asia’s interview with Maricar Filart, Security Bank recognizes that annual fees for credit cards are one of the barriers to availing one. 

Shop online and receive a 1% cashback with the new Wave Mastercard / Photo by Cotton Bro Studios via Pexels

“We know that the Generation [Z] is growing. They are becoming more mature in the way they spend. They are very smart, and they have the ability to change the world for the better—that’s why we wanted to develop a product that’s aligned with who they are and what they need,” Filart said. 

Department Head Maricar Filart, Erwan and Solenn Heussaff, VP Christian Eugene Quiros, and Nikki Lizares, Sustainability Head / Photo courtesy of Security Bank

“We know that the Gen Zs try to avoid paying service and annual fees, but they still want to enjoy life. So why not give them a no annual fees for life card,” Unsecured Lending Head, Christian Eugene Quiros, acknowledged. 

Enjoy the low interest the Wave Mastercard offers/ Photo by Andrea Piacquadio via Pexels

The card gives the younger generation a chance to explore the world without the hassle of annual fees. Together with the benefits of cashback and low-interest rates. Furthermore, each swipe is a decision that enables Gen Zs to reflect and ponder on their financial decisions. Being given responsibility and an opportunity to use credit open conversations about financial literacy and mindful spending within the generation.

Sustainable Gesture 

Aside from the benefits that the credit card brings to the table, the mission of sustainability is also present. “One of the most unique aspects of the Security Bank Wave Mastercard is that it’s our first credit card made of 100% recycled PVC, as certified by the ICMA Ecolabel Standard,” said Rahul Rasal, EVP and Retail Banking Segment Head.

The Wave Mastercard is made with 100% recycled PVC / Photo courtesy of Security Bank

Security Bank worked with its existing suppliers to develop 100% recycled PVC to be the body of the card. The step aligns with the bank’s mission to provide quality services. At the same time creating socially conscious steps toward a greener future.

Banner photo courtesy of Security Bank.

Order your print copy of this month's LIFESTYLE ASIA Magazine:
Download this month's LIFESTYLE ASIA digital copy from:
Subscribe via [email protected]