SC Smart cashback redemption (minimum amount)

[lpshreyas]

The SC Smart MITC clearly mentions that a minimum cashback of ₹1000 is needed for redemption and above ₹1000, the redemption can be done on increments of ₹500.

But, I opened the 360 rewards portal just now and there it says minimum ₹2500 cashback is needed for redemption. What's with the discrepancy? Has anyone else faced this?

 

[nirmalya]

Guys, any idea if SC makes exception and reverses annual fee in case you are not able to meet 1.2L spend.

I have made around 50k till now and renewal is due soon. Kindly suggest feasible options to spend the remaining amount considering the recent devaluations.

TIA.

Yes, they do. You may have to negotiate a little and threaten to close the card if they do not reverse the fees. I did it to reverse the joining fees, initially they did not agree when I said I want to close card then they transferred the call to rentention team who then reversed the joining fees. I plan to do to do so the same for annual fees as well if I don't meet the annual spend criteria.

 

[hellobois]

Do we get 2% cashback for 4900 MCC?

 

[nirmalya]

Do we get 2% cashback for 4900 MCC?

As per the FAQs, if it is through Billdesk Or SC Bill Pay then you should get 2% cashback. Not sure about any other platform.

 

[RadTheCrab]

As per the FAQs, if it is through Billdesk Or SC Bill Pay then you should get 2% cashback. Not sure about any other platform.

I believe that means the payments made via Billdesk or StanChart Bill Pay, other than Telecom and Utilities, will not earn any cashback. But the bill payments made using any other platform should earn cashback irrespective of the biller's category.

 

[RadTheCrab]

Do we get 2% cashback for 4900 MCC?

That means, 4900 should be eligible for cashback whether or not you make payment via Billdesk or StanChart Bill Pay.

 

[hellobois]

I believe that means the payments made via Billdesk or StanChart Bill Pay, other than Telecom and Utilities, will not earn any cashback. But the bill payments made using any other platform should earn cashback irrespective of the biller's category.

View attachment 68324

I also assume the same. Let's wait for cashback. Pls remind me after 3 days. I'll post my findings here.

 

[RadTheCrab]

I also assume the same. Let's wait for cashback. Pls remind me after 3 days. I'll post my findings here.

I've already used my card at a merchant with MCC 4900 yesterday, I'll let you know if I receive the cashback tomorrow.

 

[nirmalya]

I believe that means the payments made via Billdesk or StanChart Bill Pay, other than Telecom and Utilities, will not earn any cashback. But the bill payments made using any other platform should earn cashback irrespective of the biller's category.

View attachment 68324

Yes, I agree.

 

[RadTheCrab]

I also assume the same. Let's wait for cashback. Pls remind me after 3 days. I'll post my findings here.

I've already used my card at a merchant with MCC 4900 yesterday, I'll let you know if I receive the cashback tomorrow.

Got my cashback today!

 

[hellobois]

Got my cashback today!

Awesome. I will confirm tomorrow.

 

[nithin1992]

Which bill payments are these? Just utility bills or credit card bill payments?

 

[RadTheCrab]

Which bill payments are these? Just utility bills or credit card bill payments?

Mine was a normal electricity bill payment.

 

[SANTOSHJ1983]

Got my cashback today!

Are u able to see cashback section ?I can only see points section in 360 rewards in mobile app .it was showing before revamp by sc.

 

[RadTheCrab]

Are u able to see cashback section ?I can only see points section in 360 rewards in mobile app .it was showing before revamp by sc.

Yes, I can. I used to see both, Cashback as well as Reward Points, but after the upgrade they've removed the Reward Points tab for me, which makes sense because SC Smart is a cashback card.