SC Smart to Super Value Titanium upgrade

[xfactcc]

- Owning SC Smart currently.

- Got offer to upgrade to Titanium Super Value Card.

All paid.

Aye or Nay?

 

[raghumahajan]

Not worth 750.

Max cashback on fuel is 200 - LOL

Cashback on telecom and utility is 5% - any other card give you 10% as lesser fees.

 

[qf037x42v]

Only if LTF. The card has a ton of conditions to earn and redeem cashback.

 

[helloworld]

- Owning SC Smart currently.

- Got offer to upgrade to Titanium Super Value Card.

All paid.

Aye or Nay?

Lets say, 4000 fuel requirement every month..

160 + 40 fuel surcharge waiver = 160*12 = 1920Rs.

Spends: 48,000 Fee: 885 (can be waived depends on negotiation)

Net return: 2.15% (on fuel)
-------

Lets say, 2000 more on utility bills every month..

100*12 = 1200

Spends: 48k+24k Fee: 885 (easy to get waiver, if tried with little persistance)

Net return (on both fuel + utility): 3.1%

Note: Both net returns are if fee paid, it can be waived easily.

Problem:

Cashback (exclusive of surcharge reversal) will not be provided if the value of the maximum transaction amount exceeds INR 2000 for fuel purchase. For receiving 5% cashback on utility and telephone bills, the minimum transaction amount should be INR 750, and the utility and telephone bill should be paid through the Billpay platform of Standard Chartered by logging onto online banking and visiting ‘Bill Payments’ to register.

W.e.f 1st May, 2024, for cashback redemption requests, a minimum cashback balance of INR 1000/- (Rupees One Thousand Only) is required to proceed with redemption. Cashback value less than this value i.e. INR 1000/- cannot be redeemed. Also, cashback can be redeemed only in multiples of INR 500/- (Rupees Five Hundred Only) i.e. INR 1000, INR 1500, INR 2000, INR 2500 etc

// i.e., should spend 34k to eligible for redemption. So, > 34k spends must and should even LTF.