Tag Archives: scb

Support The Milelion when you sign up for credit cards

The Milelion is free and will always be.

Different websites have different ways of staying free. Some websites have annoying autoplay video ads. Others have adblock blockers that obnoxiously take up your whole screen and demand you unblock them. Still others have a big popunder asking them to subscribe to a spammy newsletter.

The Milelion doesn’t go for any of that. All ads are non-obtrusive and on the sidebar. Block them if they annoy you (but if they don’t, consider whitelisting). The newsletter is yours to subscribe to via the small box on the left. You won’t get a begging signup box blocking your screen. And autoplay video ads? Come the revolution, any website with those will be first against the wall.

But ultimately, The Milelion needs to be sustainable. And I’d prefer to do this in the least intrusive way possible. That’s why we’re going to start putting affiliate links in some articles for ANZ, Citibank and Standard Chartered credit cards. HSBC will follow soon. UOB and DBS, unfortunately, do not partner with the affiliate network I’m using but we might be able to get them through a 3rd party finance site.

How these links work is simple- if you read about a credit card that sounds like something you might like, sign up for it through our link. We’ll earn a referral fee. Signing up this way still makes you eligible for whatever sign up bonus/gifts the banks offer.

For example, if you click on the ANZ credit card link  to sign up for an ANZ Travel Card, you’ll see this

And if you sign up for the Travel Visa Signature Card, you’ll get the 25,000 bonus miles and 28″ luggage, subject to meeting the regular T&C.

Remember- I don’t see any of this money. All costs incurred in running The Milelion (social and otherwise) are borne by me. All revenues earned by the site until 31 July go to support World Vision.

We’re a bit lower than I was expecting at this time in the campaign, but hopefully with the additional revenue from affiliate sign ups we’ll meet the $5K goal.

Final point: I understand people might be concerned about how this affects content objectivity. That’s fair enough. The last thing I want is this becoming the kind of website that can say with a straight face that the Krisflyer Ascend card is a good option(I swear, they updated the headline to add “Or the worst?” since I last read it).

Let me put it this way- over the past 2 years The Milelion has been in existence I’ve made it clear I’d rather die than recommend a crappy card to someone. And although there are some great affiliate offers for crappy cards, including a particular mall-related AMEX that I have described, rather charitably, as possibly the worst card in Singapore, I’m not going to put those links here. I trust you have the right resources here to know which cards you should and shouldn’t be applying for, if you want to play the miles game.

I’m going to put some links below, but I will progressively populate older articles (like my good friend the Milelion Credit Card Omnibus) with these as well.

Thanks to everyone for your support

Aaron


ANZ

Travel Visa Signature

UPDATE: I’d advise against applying for this card given the recent cuts to benefits. No more 10k miles when paying the annual fee. 

Despite the recent devaluation of the lounge access benefit, the ANZ Travel Visa Signature remains a solid card to have assuming you travel frequently to Australia/NZ. You can get up to 25,000 miles if you’re willing to pay the first year annual fee and spend $3,000 in the first month.

Get more air miles with every dollar

Citibank

If you’re a new Citibank cardholder, you can get $120 cashback when you sign up here. I wrote a short article on how this can be a potential avenue to MS, if you’re into that sort of thing…

Citibank Rewards Card

Apply here

The old stalwart of the rewards card portfolio, the Citibank Rewards may have lost some utility ever since bill payment via AXS was taken away, but regular promotions like the one with Amazon make it a solid card to have in my book.

Citibank Premiermiles Visa

Apply here

I don’t love Citibank’s policy of having separate redemption fees for ThankYou points and Premiermiles, but I do love that they have the most useful transfer partners of any SG based bank.

For the full runthrough you can refer to the Citibank entry in the credit card omnibus.

Standard Chartered

Standard Chartered Visa Infinite

Image result for standard chartered visa infinite

Apply here

The SC Visa Infinite (S$30,000 income requirement (!) if you’re a priority/private banking customer, S$150,000 if not) has an a choice of 2 welcome gifts in exchange for a S$588.50 annual fee

  1. 35,000 miles
  2. 25,000 miles plus S$100 Uber Credit

If you opt for (1), you are essentially buying miles at 1.68 cents each. This is one of the lowest rates I’ve ever seen for sign up/renewal bonuses. There are some decent card related bonuses too, and if you’re the sort who puts at least S$2K spend on your card each month you can earn 3 mpd on overseas spending.


We’ll add more links once HSBC comes through, hopefully there’ll be another extension to the 10X points on the Advance Card?

Free Crystal Jadeite Membership for SCB Cardholders

Standard Chartered has partnered with Crystal Jade  to offer a complimentary Crystal Jadeite membership for all SCB credit and debit card holders. DBS has done something similar to this in the past but that promotion is since over.

You can sign up here for this promotion. At the time of writing, their sign up link was not working- it redirects you to the DBS promotion sign up page which has since expired. I suppose that will get fixed shortly.

Members get

  • Up to 12% rebate for every S$1 spent year round
  • Up to 20% rebate for every S$1 spent during the month of your birthday and during Members’ Day
  • A complimentary appetizer voucher at Crystal Jade Kitchen
  • A complimentary appetizer voucher at Crystal Jade La Mian Xiao Long Bao/Jiangnan
  • 20% off dining voucher at Crystal Jade Kitchen or La Mian Xiao Long Bao/ Jiangnan
  • 15% off e-voucher for dining bill at any participating restaurant

To max out the discount (i.e. to get the advertised “up to” rebate %) you’ll need to pay with a DBS or SCB credit card. If you use any other bank’s credit card you will get a 10% rebate instead of a 12% rebate.

Note that this complimentary sign up promotion is different from what you get when you sign up for the standard Crystal Jadeite membership. If you pay the $38 fee to sign up you will get the aforementioned gifts + $40 of Crystal Jade points that can be used towards your next meal. So you do come out on top, assuming you intend to dine there more than once.

Membership is valid for 1 year and will be automatically renewed if you’ve spent more than $1,000 in your membership year. Failing which, an $18 fee is payable (but gives you $20 of Crystal Jade points)

You should read the FAQ here and note the exclusions- you won’t earn points during the highly lucrative CNY period sadly, nor for set menus or festive products.  The full T&C are here.

This offer is available for sign us till 30 Nov 2016.

Standard Chartered 20% off Uber and $150 signup credit- what’s the catch?

The headline is certainly catchy.  For the next one year (1 October 2016- 30 Sept 2017), Uber and Standard Chartered are partnering up to offer 20% cashback on all your Uber rides, at home or overseas. All you need to do is charge your Uber ride to a Standard Chartered credit card. What’s more, new Standard Chartered Manhattan cardholders can get S$150 of Uber credits.

Of course, we know promotions are never as simple as the headline would like us to believe. So let’s look closely at the fine print of these 2 promotions

20% Uber rebate for all Standard Chartered cardholders

Image result for uber singapore

A 20% rebate is amazing, unprecedented and ultimately too high to be sustainable in and of itself. There needs to be a catch, and there is-

  1. You need to spend a min of $600 on your SCB card each month to qualify
  2. The total cashback per month is capped at $50 (meaning a maximum Uber spend of $250 per month)

Now remember, every POV I take on this blog is with the view towards earning the greatest number of miles. There may be people who are not interested in miles at all, and to them the below doesn’t really apply.

SCB lacks a true, accessible, general miles earning workhorse. DBS has the Altitude ($30K income requirement), Citibank has the Premiermiles ($50K) and UOB the PRVI ($80K).

Image result for standard chartered visa infinite

Standard Chartered’s best miles offering comes in the form of the Standard Chartered Visa Infinite card, which at an income requirement of $150K per annum is not exactly main street material.

So assuming you don’t have an SCB Visa Infinite card, you’re looking at forgoing the miles you’d have earned from $600 of spending. This could be anywhere between 840-2,400 miles, depending on what type of spending that was.

It’s also important to note the following types of transactions are expressly excluded under the T&C

  • 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 installment payments;
  • 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;
  • Balance owing on the Card account from other months

The long and the short of it is that SCB wants to reward your discretionary spend, not the spend you’d have been making anyway on your bills and routine payments. The express exclusion of AXS and income tax payments is going to be a dealbreaker to some. That said, the $600 minimum spending requirement includes spending on Uber and Ubereats.

Regarding the cap, unless you’re riding Uber daily it’s quite unlikely you’ll max out the $250 limit (although given Uber’s nasty new practice of hiding surge pricing, you still might…). So this wouldn’t be my main objection, it would be the having to forgo miles on $600 of spending.

Other relevant pointers to note- this 20% cashback promotion is only valid for SCB Credit Card holders, so linking a debit card won’t work. AIA co-branded SCB credit cards and corporate cards are also not eligible.

Also, the caps and terms apply on a card basis. So if you had 2 Standard Chartered cards and spent $600 on each, you could get your a total of a $100 of Uber rebates in a month.

Uber credits for new SCB credit card applicants

It seems there are two types of promotion ongoing- one for new SCB credit card holders and another for new holders of the Manhattan World Mastercard specifically.

Promotion A: $30 Uber Credits for New SCB Credit Card holders (and new Uber users)

New SCB credit card holders are eligible for a $30 Uber credit provided they are new Uber users. At this point in time I’d struggle to think of any of my friends who haven’t already tried Uber so this already eliminates a large swath of people.

The $30 Uber credit comes in the form of 3 X $10 credits that can be used on any form of Uber except Uber Taxi. Only a maximum of one $10 credit can be used per ride, and if the value of the ride is <$10 no excess is rolled over. You can read the full T&C for this promotion here. The promotion runs the same duration as the 20% Uber rebate one, that is, 1 October 2016- 30 Sept 2017.

Promotion B: $150 Uber Credits for New Manhattan World Mastercard holders

This promotion is applicable to those who sign up for the Manhattan World Mastercard only.

To qualify for the $150 in Uber credits, you must be a first time SCB principal cardholder (I knew that $500 limit Manhattan card I applied for in uni was going to come back to haunt me. If you’ve held an SCB credit card before as a principal cardholder, you get a $20 cashback on the Manhattan card) and apply for the Manhattan World Mastercard via www.sc.com/sg/uber

These $150 in Uber credits come in the form of 15X $10 Uber credits which must be used for consecutive Uber rides in Singapore. These must be consumed within 6 months. Unlike promotion A, these credits can be used for any type of Uber including Uber Taxi. Unlike Promotion A, you do not need to be a new Uber user.

The annoying part is that if you’ve got this promo on your Uber App, you’re going to want to be very careful that all your 15 rides exceed $10. If you’re going below that you’d be better off taking Grab/regular taxi. You cannot pick and choose which Uber rides to apply your credit to.

The full T&C can be found here.  This promotion runs for a shorter period, from 1 Oct 2016 to 31 Dec 2016.

My take

I do love my miles, so the absence of a good miles earning card from Standard Chartered stops me from taking advantage of this. But if you’re more of a cashback person, I see no reason why you shouldn’t jump on. 20% is a generous rebate, and assuming you don’t spend enough to hit the $50 cap then this could be a good deal for you.

Everyone should still be aware that Uber’s new upfront pricing model effectively hides surge pricing from you. Uber tries to spin upfront pricing as providing greater transparency, but really how hard is it for them to tell you both the price beforehand and the surge in place? They’re not mutually exclusive pieces of information, you know.