Wave MC
Titanium
Security Bank · Mastercard · Titanium
Wave MC
Why pick it: No annual fee for life and 1% back online
No-annual-fee cashback card: 1% on online purchases of ₱1,000 and up, capped at ₱250 a month and ₱3,000 a year.
- Score
- 23 /100
- Status
- Closed to new
- Annual fee
- Free for life
Free for life, pero 1% lang sa online spend at ₱250 ang monthly cap.
Bottom line: May card ka na ba nito? Keep it, libre naman. Gamitin mo sa malalaking online purchases na ₱1,000 pataas, pero huwag kang umasa dito para sa returns.
Read the full take: the math, what's good, what hurts
Free for life at ₱0. Para sa typical household (~₱825k a year), ~₱500 lang ang makukuha mo; ~-₱1,500 naman ang travel number, negative dahil sa foreign fee (2.50%), galing sa data.
The numbers in this take are our estimates for a typical household, not bank policy. Check fees and waivers with the bank.
What's good
- Walang annual fee habambuhay, per the page.
- 1% cashback sa online spend, kasama ang overseas online.
- May e-commerce purchase protection insurance na up to USD200.
What's bad
- Capped ang rebate sa ₱3,000 a year at ₱250 a month.
- Kailangan mo ng ₱1,000 spend per transaction para mag-earn.
- Hindi qualified ang in-store purchases sa rebate, at hindi ito nagbibigay ng points, sabi ng bank.
- Per the Wave terms, hindi nag-e-earn ang recurring payments at Bills Assist utilities.
The catch: Sabi ng card listing ng bank, currently unavailable ito, pero hindi ito makikita sa sariling page ng card. ₱360k a year ang required gross income kung may isa ka nang card, at ₱480k para sa first-time cardholders. Per the terms, nag-e-earn ang online purchases na ₱1,000 pataas, pero zero ang airfare at hotels sa data.
Rechecked on the bank page on 2026-10-24. Not on the page: unavailable note on the Wave page itself; points (card does not earn points). Our opinion, based on published terms. Not financial advice. The bank decides approval.
The take above is written for a typical household spending about ₱825,500 a year. Get your own score in 60 seconds.
- Yearly value for a typical household:
- about −₱1,000 in rewards (₱500) and travel value (−₱1,500), before the card's fees (no annual fee)
- To qualify:
- ₱480,000 a year income; Bank listing flags card currently unavailable for new applications (closed to new)
- Bank service:
- Worse than typical.
Score breakdown, fees, rewards and perks
Score breakdown
- Yearly value4 / 63
These bars compare each part with other cards on its own, so they don't add up to Yearly value. How it is scored
- Rewards on the default spend2 / 37
About ₱500 a year in rewards on the typical household's spend, after caps and the foreign fee on foreign online spend. How the bars work
- Annual fee after waivers16 / 16
No annual fee. How the bars work
- Travel and perks on the default spend1 / 10
About −₱1,500 of travel value on one trip abroad a year, after the 2.50% foreign fee. How the bars work
- Promos and 0% installments11 / 15
0% installment network: fair. Promos: strong, judged by what a typical household would likely save from the promos this card gets, past and current, with 21 live promos tracked. How it is scored
- Points flexibility1 / 10
Cashback is simple to use but cannot move to an airline. It counts for less here because the card earns little back on this spend. How it is scored
- Credit limit and upgrade path3 / 5
Titanium card level, plus how Security Bank handles credit limit increases and card upgrades. How it is scored
- App and service3 / 5
Banking app: strong. Service: worse than typical. How it is scored
- Late fee1 / 2
A late fee of ₱1,000 for one missed payment. How it is scored
On the default spend: about ₱500 a year in rewards and −₱1,500 in travel value.
Score over time
Total score and tier on each data date, on the default spend.
- Between Oct 24 and Oct 26 the scoring method changed (2 changes), so part of that move is the method, not the card.
- Between Oct 26 and Oct 27 the scoring method changed (10 changes), so part of that move is the method, not the card.
- Between Nov 2 and Nov 4 the scoring method changed (a card with a higher income minimum for first-time applicants is no longer left out), so part of that move is the method, not the card.
- Between Nov 10 and Nov 11 the scoring method changed (3 changes), so part of that move is the method, not the card.
- Method changes
Fees and who can apply
- Annual fee
- Free for life
- Supplementary fee
- ₱0
- Fee waiver
- No annual fee
- Foreign transaction fee
- 2.50%
- Minimum income
- ₱480,000 a year
- Also needs
- Bank listing flags card currently unavailable for new applications
Rewards
1% cash back on online purchases, local or overseas, with a minimum of ₱1,000 per transaction. In-store, recurring, Bills Assist, e-wallet cash-ins and gambling earn nothing.
Caps: ₱250 per month (online shopping, foreign online spend, utilities, telco bills); ₱3,000 per year (online shopping, foreign online spend, utilities, telco bills)
- Type
- Cashback
- Points expiry
- none
Travel perks
- International lounge visits
- None
- Local lounge
- None
- Travel insurance
- None
Strengths
- No annual fee for life
Watch out for
- Rewards on online shopping, foreign online spend, utilities and telco bills capped at ₱250 a month
Live and upcoming promos (21)
As of Nov 11, 2026. Check each promo's source before you rely on it.
- Security BankEnds Dec 31, 2026Thursdays5 Security Bank cards: Gold MC, Wave MC, Platinum MC…
- Security BankEnds Mar 31, 2027All Security Bank credit cards
- Security BankOngoingAll Security Bank credit cards
- Security BankEnds Dec 31, 20265 Security Bank cards: Gold MC, Wave MC, Complete Cashback Platinum MC…
- Security BankOngoing5 Security Bank cards: Gold MC, Wave MC, Complete Cashback Platinum MC…
Show 16 more
- MastercardEnds Mar 31, 2027Register firstAll Mastercard cards, any bank
- Security BankEnds Apr 30, 2027All Security Bank credit cards
- Security BankEnds Nov 30, 2026Register first4 Security Bank cards: Wave MC, Gold MC, Platinum MC…
- Security BankEnds Dec 31, 20265 Security Bank cards: Gold MC, Wave MC, Complete Cashback Platinum MC…
- Security BankEnds Dec 31, 2026All Security Bank credit cards
- Security BankEnds Nov 14, 2026All Security Bank credit cards
- Security BankEnds Dec 31, 2026All Security Bank credit cards
- Security BankEnds Feb 4, 2027Register first4 Security Bank cards: Wave MC, Gold MC, Platinum MC…
- Security BankEnds Jan 31, 2027All Security Bank credit cards
- MastercardEnds Jan 31, 2027All Mastercard cards, any bank
- MastercardEnds Jan 31, 2027All Mastercard cards, any bank
- Security BankEnds Jan 31, 2027All Security Bank credit cards
- Security BankEnds Dec 31, 2026All Security Bank credit cards
- Inditex brands (Zara, Massimo Dutti, Pull & Bear, Stradivarius, Bershka, Oysho): 0% up to 6 monthsScore 55Security BankOngoing5 Security Bank cards: Gold MC, Wave MC, Complete Cashback Platinum MC…
- MastercardEnds Dec 31, 2026All Mastercard cards, any bank
- Security BankEnds Dec 31, 2026All Security Bank credit cards
What cardholders say (0)
Individual accounts, read by us before they appear but not checked with the bank. They never change this card's score.
No cardholder posts yet.