Security Bank MasterCard Corporate Card
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Manage Corporate Payments More Easily with The Security Bank Corporate MasterCard
Corporate Solutions
Security Bank MasterCard Corporate Solutions offers your company two (2) options
to simplify and better manage your business expenses:
Option 1. Security Bank MasterCard Corporate Card
– have the power to issue company guaranteed credit cards to your select employees
for their business related expenses such as travel and entertainment (T&E). Enable
your company to consolidate T&E and other corporate expenses onto a single payment
instrument.
Option 2. Business Expense Management Solution
– simplify your disbursement of monthly business expense allowance by crediting
the amount onto a card that can be used for purchases and cash advance transactions.
Whichever option you choose your company will enjoy the following benefits:
Cost savings.
Eliminate costly cash advances and per diem. Streamline administrative procedures
reducing man-hours spent for checking and validating expense reports resulting in
increased savings for the company.
Greater control.
Get access to SmartData.Gen2 and know where the corporate card was
used and details about what was purchased. Itemized spend analysis helps you manage
your travel policies and negotiate preferential terms with key suppliers.
Through SmartData.Gen2, you can integrate MasterCard data into your existing accounting
systems. Plus you can retrieve comprehensive daily, monthly, quarterly financial
reports that break down spending by merchant category, business unit and other criteria.
Simplified compliance to BIR’s ruling on expanded withholding tax.
Purchases of goods and services made using company issued credit cards are not subject
to any withholding tax (BIR Memorandum Circular 72-2004, Nov 16, 2004)*
*Note: Provision applies provided no interest payments, service fees or other charges
are imposed by the credit card company on these purchases.
Rewards.
Earn 1 point for every P30 valid purchase charged on your card. Points earned can
be exchanged for annual fee waivers, gift certificates and premium items from our
Rewards catalogue.
What’s more, your employees will experience:
Superior Acceptance.
The Security Bank MasterCard Corporate Card is accepted in over 29 million
locations throughout the world. No other card offers greater acceptance, meaning
employees can travel with confidence.
Easy Access to Cash.
Cash advance of up to 50% of credit limit through the MasterCard ATM network worldwide
and the Security Bank, Bancnet and Megalink local ATM network eliminates the need
to carry large amounts of cash.
Employee Insurance Protection.
By using the Security Bank MasterCard Corporate Card to pay for airline tickets,
employees automatically benefit from a wide range of insurance such as Travel Insurance,
Delayed Flight Insurance, Lost/Delayed Luggage Insurance.
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Other Benefits:
Company Name to be embossed on the card
24-Hour Customer Service available 7 days a week.
Simply call the Corporate Help Desk Number: 88-791-88
Convenient Payment Options via:
Credit to a Security Bank account
Auto-debit from the company account
Security Bank, Bancnet and Megalink ATMs
Digibanker
Fees and Charges
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Annual Fees
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P1,200/card
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Finance Charge
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2.5%
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Last Payment Fee
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5% pr P500 whichever is higher
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Cash Advance Fee
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3% pr P200 whichever is higher
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Card Replacement Fee
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P200/card
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SmartDate Enrollment Fee
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P200/card
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Application Requirements
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1.
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Company Profile
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2.
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Company Application Form
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3.
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Company’s latest audited financial statement with BIR stamp for the past 3 years
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4.
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Articles of Incorporation and By-laws
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5.
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SEC Registration with latest GIS
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6.
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Valid ID of the Authorized Signatory
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7.
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Community Tax Certificate of the Company and Authorized Signatory
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8.
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Corporate Card Agreement (4 original signed copies)
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9.
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Notarized Corporate Secretary’s Certificate (4 original signed copies)
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10.
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Notarized Surety Undertaking (4 original signed copies)
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11.
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Notarized Surety Undertaking (4 original signed copies)
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12.
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Employee Application Form
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