Dengan bantuan dari Marine Midland Bank (kini HSBC Bank USA dari kota New York, dan tujuan untuk menyaingi kartu kredit milik Bank of America, bank-bank tersebut bekerjasama dengan ICA, untuk mengeluarkan kartu kredit “Master Charge: The Interbank Card”.
Rewards percentages depend on the type of purchase made (5% for gas purchases at Gas Stations for up to the first $6,000 in gas purchases each year and 1% thereafter; 3% for dining purchases and travel purchases (excluding purchases at Sam’s Club Travel and other wholesale clubs) and 1% for all other Eligible Purchases).
FOREIGN CURRENCY TRANSACTIONS For transactions made in foreign currencies in the Philippines or abroad, the manner of conversion from the transaction currency to the payment currency (Philippine Pesos) would be automatically made by Security Bank at posting date.
Cash back rewards are forfeited if the Sam’s Club® Mastercard® account is not in good standing, is more than two months delinquent on the minimum payment, if the Sam’s Club Membership terminates or lapses, or if the Cash Back earned in a calendar year is less than $5.00. Cash back rewards will be automatically loaded onto your Sam’s Club membership and may be redeemed only at a Sam’s Club location or at See the “How to Earn Cash Back with your Sam’s Club® Mastercard®” rewards program for details.