Credit Cards

When will the SCB X Card reopen for applications? [Update: relaunch imminent?]

The SCB X Card has now been closed for applications twice as long as it's been open. When we see the card on the market again?

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SGflyerWindForestNo miles for meNo miles for me Recent comment authors
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SQflyer
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SQflyer

Who knows? Maybe they will not relaunch after all. Then this X metal card will become collectors’ item. Becoming credit card folklore. Biggest signing bonus ever. Easiest Visa Infinite ever in terms of salary requirement. But yet with the shortest 27 days life span.

cheesecake
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cheesecake

It will join the annals of infamy, maybe a HBS case study, on how not to launch a credit card…

No miles for me
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No miles for me

I still don’t understand why banks in other markets can offer bigger sign up bonuses for less spend and annual fees than in Singapore. Coles Mastercard $99 annual fee, spend $3000 – 60,000 Velocity Points. Qantas Ultimate Amex – $450 annual fee, spend $4500 – 120,000 Qantas Points + $450 travel voucher! ANZ QFF Black – no annual fee, spend $2500 – 75,000 Qantas Points. Sure Qantas points are close to worthless but Velocity points can be used to redeem SQ flights.

No miles for me
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No miles for me

Oh and once I have my 100,000 miles and the 6 months is up then SCB will have a spare spot as I will be exiting the building.

Forest
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Forest

It’s really a shame, a total failure. It shows the SCB team has so little knowledge and understanding of their customers and target market. I’m wondering internally how the management team look at this? What a big joke in a so-called mature financial market. If SCB can’t manage the market event well, how can the high net worth clients trust the bank to manage their wealth well?

Wind
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Wind

Strange that SC is getting their cardstocks from CompoSecure considering the X Card doesn’t look as pretty as any of the award winning cards featured on their site https://www.composecure.com/products/ Seeing that the card has been suspended for so long it is likely that they have definitely ran into so issues. (Change supplier maybe?)

SGflyer
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SGflyer

X card is relaunched today. But no metal card (for now). So the SCB metal card is a rarity.