Standard Chartered had been offering 20% cashback on Uber rides for the past year, capped at $50 each month (or $250 of Uber spend). You needed to spend a minimum of $600 on your card each month to qualify. This promotion expired on 30 Sept 2017, and the question was whether they were going to renew it.
Well, the promotion has been renewed til 30 September 2018, but with one catch- the minimum you need to spend on your SCB card each month has been increased from $600 to $900. That’s a hefty 50% hike. You’re still capped at $50 of Uber rebates each month. These can be on Uber rides in Singapore or overseas, and UberEats is excluded.
The full T&C can be found here, but note that the following do not count towards the $900 monthly spend calculation.
- Insurance premiums, including premiums for investment-linked policies, charged to the Card;
- Bill payments (Examples of bill payment merchants include but are not limited to Telecommunications and utilities providers such as Starhub, Singtel and M1, Singapore Power);
- Any payment via AXS network;
- Any payment via SAM network;
- Payments to government agencies which include but not limited to Land Transport Authority, Housing Development Board, Inland Revenue Authority of Singapore, Public Utilities Board, Immigration & Checkpoints Authority and the Ministry of Manpower;
- Income tax payments
- EZ Link cards transactions
- Transit Link transactions
- Any transactions pertaining to Merchant Category Codes 6211 (Security Brokers/Dealers) and 7995 (Gambling/Lotto)
- Balance transfers, cash advances from the Card, purchases via NETS and ongoing instalment
- Any fees and charges (including annual fees, interest charges, cheque processing fees, administrative fees, cash advance fees, finance charges and/or late payment charges and other miscellaneous fees and charges) charged to the Card;
- Any amount charged to the Card during the Promotion Period that is subsequently cancelled, voided or reversed; and
- Balance owing on the Card account from other months.
My reading of the above is that payments to Cardup and iPayMy should be fine. In the past I’ve been told that these do not code as bill payments, but rather as payments to software and services companies.
I don’t own a Standard Chartered credit card because the only decent miles card they have is the SCB Visa Infinite, and although it is a very good card, I just can’t bring myself to pay $588.50 a year for it. The SCB Singpost Visa might have been a decent shout a while ago with 6% off online spend, but it’s been recently devalued and relaunched as the SCB Spree Card, offering a measly 2% cashback on online local currency spend.
I personally stick to the DBS Woman’s World Card for Grab and Uber with 10X points (4 mpd) on the first S$2,000 of spending each month. But if you happen to be an SCB Visa Infinite cardholder and meet the minimum spend threshold, a 20% rebate can be potentially good value for you.