Is Standard chartered Ultimate really worth ?

[sauchadh]

I see many of you hold Standard chartered Ultimate credit card. Is it really the worth ? 1st of all it is a paid card and we get equivalent 5000 points every year. Ofcourse GST we need to pay from our pocket. I see there are not many reward redemption option. Can someone throw light on this on how they redeem their points ? Are we getting an equivalent benefit in terms of fees we are paying ?
Also if you spend 150Rs you get 5 points. How about if someone spends less than 150 Rs would we still get points ? I am thinking if I should take this card or not . Any thoughts ?

 

[phagocyte536]

What is the eligibility of SC ultimate? Got rejected with monthly income of ~2L gross and got rejected
I applied for many cards in the last one month though, might have pushed them to reject it

 

[anirban.choudhury]

What is the eligibility of SC ultimate? Got rejected with monthly income of ~2L gross and got rejected
I applied for many cards in the last one month though, might have pushed them to reject it

Ultimate approval is the hardest , they won’t approve if more than 3-4 Cibil enquiries are done in last 3 months

 

[Wealth is my birth right!]

What is the eligibility of SC ultimate? Got rejected with monthly income of ~2L gross and got rejected
I applied for many cards in the last one month though, might have pushed them to reject it

Honestly there’s no clearer picture by Stan C
Almost 80% of the ultimate applications they reject with silly reasoning

 

[phagocyte536]

Honestly there’s no clearer picture by Stan C
Almost 80% of the ultimate applications they reject with silly reasoning

I had no idea that they are so ruthless, will apply after 6 months when my CIBIL would look cleaner

 

[RupayMan]

I had no idea that they are so ruthless, will apply after 6 months when my CIBIL would look cleaner

What's the use for SC ultimate for you?

 

[phagocyte536]

What's the use for SC ultimate for you?

Any spends where my magnus / my cashback card / my wife's infinia don't give more than 1X benefit. Mostly offline POS transactions beyond monthly 1 lakh. It zeroes down to very few and rare transactions thus I never thought much of getting the SC Ultimate.

But off late I am in some frenzy to collect all possible LTF cards(or cards that don't cost much) - so ended up applying.

 

[RupayMan]

Any spends where my magnus / my cashback card / my wife's infinia don't give more than 1X benefit. Mostly offline POS transactions beyond monthly 1 lakh. It zeroes down to very few and rare transactions thus I never thought much of getting the SC Ultimate.

But off late I am in some frenzy to collect all possible LTF cards(or cards that don't cost much) - so ended up applying.

But the points redemption is not much useful since all the useful vouches are left SC rewards.

 

[phagocyte536]

But the points redemption is not much useful since all the useful vouches are left SC rewards.

Heard myntra, bigbasket are on for redemption. Isn't that true?

 

[RupayMan]

Heard myntra, bigbasket are on for redemption. Isn't that true?

Nope, not there. I just checked.

 

[Wealth is my birth right!]

Heard myntra, bigbasket are on for redemption. Isn't that true?

No bb
I can confirm that

 

[phagocyte536]

They rejected the application immediately online yesterday, now they called and asking me to take it. I am going to give it a pass after more research on this. The fact that no good redemption options remain is a bummer

 

[Wealth is my birth right!]

They rejected the application immediately online yesterday, now they called and asking me to take it. I am going to give it a pass after more research on this. The fact that no good redemption options remain is a bummer

U r right
Croma was with scb portal for almost 8+ years which everyone of us will be having some electronic accessories requirements and on top of that scb used to give 5 to 10% discount on Tuesdays if we swipe scb cards at croma stores
Now it’s a loss of charm to stanC cards

 

[phagocyte536]

U r right
Croma was with scb portal for almost 8+ years which everyone of us will be having some electronic accessories requirements and on top of that scb used to give 5 to 10% discount on Tuesdays if we swipe scb cards at croma stores
Now it’s a loss of charm to stanC cards

I can't imagine shopping in croma either, all my electronics purchases are online till date
I read old posts saying myntra and BB. Now that they aren't available either I will take a pass. Would have taken if It is LTF only now.