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SC Ultimate (Standard Chartered Ultimate) Upgrade Suggestion

  • Thread starter Thread starter anish1516
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anish1516

anish1516

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Hello!!!

Recently I have been receiving calls to upgrade my Manhattan Card to Ultimate card. My Manhattan card is free and the Ultimate would cost Rs. 5000 plus taxes every year. Here they are offering 5000 reward points on every renewal without any conditions. So effectively the card costs me Rs. 900 approx. Now my query is should I go for it? Right now I have decent number of cards. Don't have too much utility expenses. Use my Infinia for offline shopping and SBI Cashback for Online. Please suggest if it's worth to pay fee for SC Ultimate?
 
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sumeet said:
Any option to sell these vouchers so that we can fetch some good value. What would be good platform. Zingoy if we sell the vouchers how much can we actually fetch. I am willing to give any of the sc vouchers for 10% discount if anyone wants that
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You can try through RML. Anything @ => 20% discount is good enough basis voucher type/brand
 
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Just got hit with the annual charges for Ultimate. They have declined to reverse it and I'm unable to find any proper use of the card. Considering a closure.

Already received a call from "backend" saying they can't waive off the charges, after a request. Anything else I can do to get the charges removed?
 
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supperman said:
Just got hit with the annual charges for Ultimate. They have declined to reverse it and I'm unable to find any proper use of the card. Considering a closure.

Already received a call from "backend" saying they can't waive off the charges, after a request. Anything else I can do to get the charges removed?
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You should have negotiated for reversal before annual fee was charged. It’s highly unlikely that they will reverse now. Best course of action is that you wait for 5K points to be credited. Once credited, redeem them and close it.
 
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supperman said:
Just got hit with the annual charges for Ultimate. They have declined to reverse it and I'm unable to find any proper use of the card. Considering a closure.

Already received a call from "backend" saying they can't waive off the charges, after a request. Anything else I can do to get the charges removed?
Click to expand...
Initiate a closure request, with the recent customer base for SC, they wont let u go. Even if they close, it's good riddance only. Tell them the charges are not for previous year, it's a renewal charge for next year. So ask them to close it without the charges.
 
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supperman said:
Just got hit with the annual charges for Ultimate. They have declined to reverse it and I'm unable to find any proper use of the card. Considering a closure.

Already received a call from "backend" saying they can't waive off the charges, after a request. Anything else I can do to get the charges removed?
Click to expand...
Their retail customer base become too low after they stopped PL so they try rob other way by cards
 
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supperman said:
Just got hit with the annual charges for Ultimate. They have declined to reverse it and I'm unable to find any proper use of the card. Considering a closure.

Already received a call from "backend" saying they can't waive off the charges, after a request. Anything else I can do to get the charges removed?
Click to expand...

if u havent performed any transaction in this renewal year first month yet, request for closure. It will be done, no need to pay fee. Card automatically closed it.

Btw, same applies to SC, AXIS, AMEX, HSBC, Citi (no longer)..

ex:

renewal date 10th aug every year.

then 10th aug to 9th sep no transactions.
 
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Tried to get a waiver. They refused at every level, just kept on stating the 5K points should cover the fees minus GST.

I genuinely ought to close it, but I'm dithering for some reason.

By the way, in case anyone's interested, on one call, it was mentioned they had no plans to change anything in the rewards portal. So, for those in denial over this...
 
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supperman said:
Tried to get a waiver. They refused at every level, just kept on stating the 5K points should cover the fees minus GST.

I genuinely ought to close it, but I'm dithering for some reason.

By the way, in case anyone's interested, on one call, it was mentioned they had no plans to change anything in the rewards portal. So, for those in denial over this...
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Hi in similar boat, they said they sent a request but am doubtful they will waive fees.
What did you do finally ? Also any good options left to redeem ? I see ITC is only one. Thanks
 
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Random123 said:
Hi in similar boat, they said they sent a request but am doubtful they will waive fees.
What did you do finally ? Also any good options left to redeem ? I see ITC is only one. Thanks
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Paid the fees and kept it. Not the smartest decision, but that's that.

Watched 5K points get credited instantly, that's the only improvement they've made. Those 5K points and others are now roosting in the account, knowing they'll probably never get used, heh. ITC is the only worthwhile voucher left, unless you've an insatiable hankering for Starbucks Coffee.
 
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supperman said:
Paid the fees and kept it. Not the smartest decision, but that's that.

Watched 5K points get credited instantly, that's the only improvement they've made. Those 5K points and others are now roosting in the account, knowing they'll probably never get used, heh. ITC is the only worthwhile voucher left, unless you've an insatiable hankering for Starbucks Coffee.
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If only they had offered more vouchers, a lot many cards wouldn't have got closed.
 
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pranjal1984 said:
I think it is only a matter of time before SC sells its credit card portfolio like its Personal Loan .
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Yes, it's not looking rosy. They've already stopped fresh applications unless you're a SC account holder, and their card portfolio isn't attractive. They launched 3-4 cards a couple of years ago or so, such as EMT, Smart and Rewards cards, but everything's stagnated since then.
 
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Animal said:
I got waiver 2 years back, however closed the card last year after getting Infinia. When is your renewal?
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Great decision, they already charged fees. Now they aren't reversing charges too.
Might need to fight till pno to get them reversed and closed. We are technically paying upfront for next right ?
Thinking whether to keep it or not.
 
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Random123 said:
Great decision, they already charged fees. Now they aren't reversing charges too.
Might need to fight till pno to get them reversed and closed. We are technically paying upfront for next right ?
Thinking whether to keep it or not.
Click to expand...
My suggestion is close the card for peaceful life.
Although the card looks good on paper however when it comes to reward redemption, it’s worst.
 
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