SC Ultimate (Standard Chartered Ultimate) Upgrade Suggestion

[anish1516]

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?

 

[jk51]

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

You can try through RML. Anything @ => 20% discount is good enough basis voucher type/brand

 

[hellowo₹ld]

You can try through RML. Anything @ => 20% discount is good enough basis voucher type/brand

10,000 points with 20% and 118rs redemption fee = 2.62%..

 

[jk51]

10,000 points with 20% and 118rs redemption fee = 2.62%..

it’s 2.32% considering 900/- additional GST amount on renewal worst case. Super worst case 2-2.25%.

 

[sumeet]

You can try through RML. Anything @ => 20% discount is good enough basis voucher type/brand

What are charges in zingooy actually

 

[jk51]

What are charges in zingooy actually

Haven’t used Zingoy hence don’t know. I mostly use it for self use or at times sell off vouchers within circle.

 

[supperman]

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?

 

[Animal]

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?

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.

 

[RupayMan]

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?

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.

 

[Wealth is my birth right!]

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?

Their retail customer base become too low after they stopped PL so they try rob other way by cards

 

[hellowo₹ld]

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?

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.

 

[supperman]

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...