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.

 

[sxchzy]

Yes silent devaluation for the same

 

[naren89]

Yes silent devaluation for the same

Right need to redeem asap

 

[kowsikbabu]

Ultimate still gives 3.33% return on wallet loads. That can be used effectively

Is this still the case with Ultimate?

 

[RupayMan]

Is this still the case with Ultimate?

Yes ofcourse it is

 

[Virgo]

Is this still the case with Ultimate?

Yes, Ultimate still gives 3.3% points on wallet loads. Do check out the point redemption options as that continues to be an issue

 

[sourpai]

SCB Ultimate will work out if you are a frequent traveller to Taj, ITC or Marriott, or a frequent shopper at Decathlon

 

[knowbie]

Decathlon vouchers have disappeared for past 2 weeks 😢

 

[Subhash]

any better travel vouchers? like Yatra/MMY/EMT anything ?

 

[Pavan]

@all what is validity of SC ultimate reward points ?
2 years or 3 years?

 

[Zacobite]

@all what is validity of SC ultimate reward points ?
2 years or 3 years?

3 yrs validity

 

[Pavan]

3 yrs validity

Thank you for the help

 

[helloworld]

@all what is validity of SC ultimate reward points ?
2 years or 3 years?

3 years and its like SIP..

Reward points earned in Jan'24 expires in Jan'27.
Reward points earned in Feb'24 expires in Feb'27.

Same process for most the reward cards in India.

Point is do not assume its 3 years overall. Its 3 years for each month points.

 

[Pavan]

3 years and its like SIP..

Reward points earned in Jan'24 expires in Jan'27.
Reward points earned in Feb'24 expires in Feb'27.

Same process for most the reward cards in India.

Point is do not assume its 3 years overall. Its 3 years for each month points.

Thank you again

 

[sakthi_ums]

imagine apple vouchers are one good option but its getting over quickly.

 

[helloworld]

imagine apple vouchers are one good option but its getting over quickly.

I never saw them in last 2 years.

 

[Pavan]

I never saw them in last 2 years.

Now they have united colors ..seems onky logical gift voucher
since same is not available at discount in other places

 

[helloworld]

Now they have united colors ..seems onky logical gift voucher
since same is not available at discount in other places

best value for over 25k points, those marshal speakers.

 

[Pavan]

best value for over 25k points, those marshal speakers.

hey what is that please can you share more details

 

[Pavan]

@helloworld please can you share the marshal speakers details and how to redeem the same

 

[RupayMan]

@helloworld please can you share the marshal speakers details and how to redeem the same

In Amazon it's 20k, but in sc redemption portal it's 25k. Loss 5k+ redemption fee+ tax