Not really a devaluation..scb didn't want to be left behind
Statement Balance | Current Charges | Proposed Charges |
(Rs) | (Rs) | (Rs) |
Up to 100 | 0 | 0 |
101-500 | 100 | 100 |
>500-5,000 | 500 | 500 |
>5,000-10,000 | 700 | 700 |
>10,000-25,000 | 800 | 1,200 |
>25,000 | 1,200 |
Cash back Redemption | Current (INR) | Proposed (INR) |
A. Standard Chartered Smart Credit Card i. Min cashback balance ii. Cashback multiplier | 1000 500 | 2500 1000 |
B. Standard Chartered Manhattan Credit Card i. Min cashback balance ii. Cashback multiplier | 500 50 | 1500 500 |
C. Standard Chartered Super Value Titanium Credit Card (Including Premium Banking Clients) i. Min cashback balance ii. Cashback multiplier | 500 50 | 1000 500 |
Thanks for the heads-up. Redeemed 1500 cashback now on my smart cc.
True. I will have to wait probably 2 years to redeem. Don't have IDFC wealth CC. But have IDFC select CC. Need to find out the net reward percentage on doing government transactions on it.It’s ridiculous to make minimum redemption to 2500 for SMART. I have to wait several months if not years to get to it. It is used for educational payment and tax which is possible in Idfc wealth (lower rate for <30k). I hope they don’t add redemption charges.
As a first step, planning to close my savings account with SC.
AU LIT but you have to pay 299+ tax for 3 months to get 5% for max of ₹10k per month.what other cards have 5% offline super market cb?
I'm planning to close it as wellIt’s ridiculous to make minimum redemption to 2500 for SMART. I have to wait several months if not years to get to it. It is used for educational payment and tax which is possible in Idfc wealth (lower rate for <30k). I hope they don’t add redemption charges.
As a first step, planning to close my savings account with SC.
what other cards have 5% offline super market cb?
Effective from when?
May 1, 2024Effective from when?