as simple as that. no af waiver condition.

new condition: beg, probably can work

This post has been edited by cybpsych: Jun 7 2019, 07:17 PM

How is the application process for a SCB card like? I wanted to apply for 1 last year but changed my mind thereafter. I find that it is a bit hassle whereby they requested me to drop to any of their branch to perform biometric verification and also to thumb print my epf statement out for them in addition to the print out copy of epf statement submitted by me.

The first phrase .. manually key in means what actually ?

I might wanna switch my Insurance charge from maybank to this now i guess

even FIRST YEAR have to pay RM250 annual fee ?? or is it still waived ?

my anniversary month is OCT,
which month it will charge annual fee?

if i want to cut my JOP which month cut safer?

1 Nov 2019

i asked this exact question via livechat this afternoon.

if plan to cut, stop spending in Oct. wait until Sep cashback received in Oct, pay off all outstanding less Sep cashback, then terminate.

For jop card.

The first week of the month spending means what?

Can I spend for bigpay first then follow by petrol?

No wonder this thread is so active suddenly, but not too late to know the revision.

Enjoy the cash back for month of June while planning the transactions pattern from this Standard Chartered Bank JustOne Platinum Card, either cancel or keep going for the new game

Why cancel?

I might wanna switch my insurance autobilling to this one, hmm .. which already exceed RM200 also

my input as below

u should add what is the effective % cashback. thanks for the effort anyway.

don't forget your sst rm25.

effective cash back rate is 445 / 30000 = 1.483%. I'd say it's still better than many cards.

but then, when u can maximise the cash back amount, we don't really care about the rates. rm60 per month or rm37 after af and sst. still okay ma. who knows, we may get af waiver and sst rebate.

gonna have to apply for yolo card to soften the blow from stand chart. sien.

1. It follows calendar month cycle, not statement date cycle ?
2. If follows calendar cycle, 1/Aug is Thursday. "First week of the month" for Aug is thus 1/2/3 of August, 3 days only, not 7.
3. "Transactions must be posted within the first week of the following month".
3a) Assuming it follows calendar cycle, so in July month, all transactions which are posted from 1/Jul to 3/Aug, will be eligible for July's CS.
3b) While from August onward, transactions must be posted within 4/Aug to 7/Sep;
and subsequently monthly calculated ?

hahaha. this card still got some magic left in it. don't cancel.

https://ringgitplus.com/en/blog/Cash-Back-C...-July-2019.html

On top of that, StanChart also stated that the card’s annual fee is no longer automatically waived when cardholders spend above RM20,000 per year. This means cardholders will need to contact the bank to waive the RM250 annual fee if they have spent more than RM20,000 with the card.

my auto billing on this card so i will be able to hit RM60 monthly so i am keeping, for those who do not plan to hit RM60 with no SST waiver and AF waiver can just cancel it la
whatever magic also no use lo

Is your auto-billing posted on the first week of the month?

yes correct

1) calendar month cycle. T&C has stated the definition: "A month is defined as the period which runs from the first day of a particular calendar month to the last
day of that calendar month."

3) just treat it as 7 days on the following month.


u need to understand how cc transaction works.


reason is simple.

example: when a transaction transacted on 30 July, usually it is still not settled/finalized yet. the merchant need to perform settlement, usually T+1 or T+2 or sometimes T+0 days, depending on settlement arrangement between merchant and their acquirer bank.

in turn, each cc transaction usually has 7 days validity (grace period) for merchant to claim/perform settlement. if merchant not claiming the transaction (due to invalid or no record or dispute/refund, etc), the specific transaction will expire and it wont be POSTED into your cc account. posting = settled/claimed.

note: you will notice this is the standard message from bank CS if some error happened to your payment and they ask you to wait for 7 days to see the "refund" returned back to you. if you see it, then it's automated. if you dont, then the merchant is not doing the settlement properly, meaning they still claim the money/settled the transction which is already invalid (my experience was with Boost App)

now, a transaction on 30 July, it may get disputed/refunded or even frauded. so, SCB is putting that clause to manage the expectation* whereby a transaction MUST be posted within 7 days from a transaction took place. when it get posted, it's finalized into your cc account. so, cashback calculation can be properly done.

to manage the expectation*: i guess many users are complaining/asking for cashback status early of the month, or refund/disputes cases, or cb calculated wrongly due to long unposted transaction.

a refund/dispute AFTER a transaction get posted is managed separately via chargeback process, which is long and tedious as it involves many parties and multiple cycles, depending on the nature of chargeback reason.

This post has been edited by cybpsych: Jun 8 2019, 08:53 AM