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
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; 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.
Grab has been cheaper these days.
I hope they keep having a price war.
I have not been seeing that. Fairly evenly mixed – sometimes one is higher, sometimes the other, and ocassionally the price difference is quite substantial. Everyone is enjoying generally lower Uber and Grab fares at the moment, but the moment one of these players “loses” and the promo codes stop I can see it is going to be painful with all these surges. There are some nice things and annoying things about both. Grab coupons need to be entered for every ride, which means if I am in a rush I am likely to go without. Uber allows you to… Read more »
it’s quite obvious that the current vc-fueled throw money to gain market share strategy can’t last forever. so let’s just enjoy it while it lasts.
You can’t be in that much of a rush not to enter a promo code. Take a breath my friend, you save $5.
Part of the problem is that it is not on hand, so I have to go looking for a code. And these days they seem to be differentiating customers with different codes, like I have seen $3, $4 and $5 codes that I assume have been given to customers on a mutually exclusive basis, and even then you are always eligible. If you are in a mad rush, this adds to the time.
That 2nd last sentence should be *not always eligible
you can edit comments right? or did i set the timeout at 1 hour.
nope, comment editing set at 24 hours
Changes to Singpost card and the increase of minimum to $900 has turned what used to be a very good set of promotions (including the petrol promotion at Caltex I think with $450 mninimum monthly spend) into not spending on StanChart cards anymore.
Note for existing Singpost cardholders, you should get a letter from StanChart detailing when the change to the new Spree benefits start – mine is mid Nov, after my statement period ending in Nov.
2018 not 2017
How come the DBS WW Credit Card gets you 4mpd for Grab and Uber? Is it considered an online spend? If so, does the UOB PPV get 4mpd too?
yup it is. no, uob ppv does not.
Typo: title says till 30 Sept 2017. Should be 2018
fixed, thanks
By using SCB VI do you get 10% rebate under the SCB VI uber spend promo on top of the 20% under this promo?