SC Ultimate devaluation

[Virgo]

Standard Chartered has also joined the recent trend of devaluing credit cards. Their most prized no frills card, Ultimate, will now face following restrictions effective 2nd April 2023:

1)​ Transactions on Utilities, Supermarkets, Insurance, Property Management, Schools & Government payments will now earn 3 reward points on every INR 150 spent.​

2)​ No reward points will be earned on Fuel transactions. However, you will now enjoy a surcharge waiver of 1% on fuel spends. Fuel surcharge waiver amount will be capped at INR 1000 per month.​

3) 1% processing fee (plus applicable taxes) for rental payments made using Standard Chartered credit cards.

Point number 3 will be applicable for all SC credit cards.

This puts an end to one of the best no frills card I have held so far.

 

[Harry1]

View attachment 76836

Greatest useful vouchers according to Standard Chartered available in their portal as of now..

It required min. 1000 points which means need to spend

- 30K min. spends on Ultimate

Lol is this the full list of vouchers? I don't see a single useful voucher here. Forget Amazon, Flipkart. Even swiggy, Myntra, Zomato is not there. And even the third level like shoppers stop is not there.

Does anyone really use this card anymore?

 

[helloworld]

Lol is this the full list of vouchers? I don't see a single useful voucher here. Forget Amazon, Flipkart. Even swiggy, Myntra, Zomato is not there. And even the third level like shoppers stop is not there.

Does anyone really use this card anymore?

yes, full list and it is like this since last year and not much changes.

 

[RupayMan]

SC introduced a new voucher like points for good, just like cred wants to donate the cred coins.

 

[jhanishdev]

x.com

x.com

Every Cardholders should collectively tag Stanchart India and request them to improve options and MAYBE, there is a chance the bank may look into it.

 

[helloworld]

x.com

x.com

Cardholders should tag Stanchart India and there is a chance the bank may look into it.

tried since 2022, it became worst than better. It all started in 2022 beginning when they removed electroncis vouchers. Then after one by one instead of any additions.

 

[vikramv4u]

I was checking after login.. Did Marriott also disappear? Only hotel left is ITC Hotels.. is my understanding correct or am I missing a hidden link somewhere?

 

[supperman]

I was checking after login.. Did Marriott also disappear? Only hotel left is ITC Hotels.. is my understanding correct or am I missing a hidden link somewhere?

Yes, it was removed some weeks ago.

 

[RupayMan]

I was checking after login.. Did Marriott also disappear? Only hotel left is ITC Hotels.. is my understanding correct or am I missing a hidden link somewhere?

Hidden link? We have to hid this card itself from paying anything with it. Ridiculous options for a card that ruled the cc world once.

 

[supperman]

Hidden link? We have to hid this card itself from paying anything with it. Ridiculous options for a card that ruled the cc world once.

Eh? You don't find options such as the Rs.5000 Chumbak voucher or the Rs.30000 Planet fashion voucher attractive?

 

[RupayMan]

Eh? You don't find options such as the Rs.5000 Chumbak voucher or the Rs.30000 Planet fashion voucher attractive?

Yeah it attracts mosquito and fly Bee's a lot.

 

[jhanishdev]

EarPods and headphones from Marshall and Bose are worth considering but overpriced. So, value will fall to around 75ps per point.

 

[helloworld]

EarPods and headphones from Marshall and Bose are worth considering but overpriced. So, value will fall to around 75ps per point.

those need above 20k points, not coming under 10k.

btw, 10k points means we spent around 3L.

 

[denisjos]

Do you know if they are stopping ultimate card. I tried to upgrade via smart and it was not going through. Then logged into NetBanking and couldn't find this card in the card list either.

 

[jhanishdev]

those need above 20k points, not coming under 10k.

btw, 10k points means we spent around 3L.

you get 5000 points on renewal, no? BTW, noticed that all gadgets are outdated and discontinued by the respective manufacturers at least a for a year or two.

 

[helloworld]

you get 5000 points on renewal, no? BTW, noticed that all gadgets are outdated and discontinued by the respective manufacturers at least a for a year or two.

yes, and value (even though they provide each point as 1rs. since most of them have not so useful vouchers and gadgets mostly are MRP) at 0.60p then 5000 points = 3000. So, you're paying 2900 as annual fee for this card.

 

[subham23]

After devaluation in 2022 itself, i hold this card for 2 years with 1 txn per every 6 month. Got 5k+5k reward points after paying annual fees of 5.9k+5.9k, redeemed last month with ITC worth INR 10k. Just holding this bcoz limit is more than 10 lakhs and support team told that they are bringing better reward structures like redeem points towards flight/hotels etc with 1:1 ratio around Jun'25 . If no changes, will close before renewal.

 

[RupayMan]

After devaluation in 2022 itself, i hold this card for 2 years with 1 txn per every 6 month. Got 5k+5k reward points after paying annual fees of 5.9k+5.9k, redeemed last month with ITC worth INR 10k. Just holding this bcoz limit is more than 10 lakhs and support team told that they are bringing better reward structures like redeem points towards flight/hotels etc with 1:1 ratio around Jun'25 . If no changes, will close before renewal.

Same lie last year also from SC

 

[jhanishdev]

After devaluation in 2022 itself, i hold this card for 2 years with 1 txn per every 6 month. Got 5k+5k reward points after paying annual fees of 5.9k+5.9k, redeemed last month with ITC worth INR 10k. Just holding this bcoz limit is more than 10 lakhs and support team told that they are bringing better reward structures like redeem points towards flight/hotels etc with 1:1 ratio around Jun'25 . If no changes, will close before renewal.

Distributing this card so easily and then bringing flight/hotels at 1:1 does not add up IMO.