Guys - looking for a cash back credit card from SC. What are the main pros and cons of the Gold cashback vs the JustOne Platinum cashback card?
CB for Petrol, Insurance Transactions. However, It's
.
, You will get either 2%, 3% or 3.33% effective cash back.
Now with Better Cashback Benefits, you will get up to
15% CashBack on Auto Bill Payments, eCommerce and Petrol. (except Government & Charities).
| Spend (RM) per month | Rebate on Petrol, eCommerce & Auto bill | Other spend | Capping per month (RM) |
| 1,000 to 1,499.99 | 5% | 0.2% | 12 |
| 1,500 to 2,499.99 | 10% | 0.2% | 28 |
| Above 2,500 | 15% | 0.2% | 85 |
* Monthly retail spending below RM1,000 will enjoy 0.2% CashBack on Petrol, eCommerce, Auto Bill Payments and other categories.
The Cash Back is accumulated on a monthly basis and is based on the following selected MCC:
a) Petrol MCC: 5541, 5542
b) Auto Billing:I. All insurance MCC: 5960, 5968, 6300
II. All Telco spend MCC in 4814, 5968
III. Utilities spend MCC: 4899, 4900, 5968 - Astro, TNB, Indah Water, Tenaga Nasional
c) eCommerce/Online spend: For all online transactions made with “Transaction Mode = M, D, S and U”
* Cashback earned will not be automatically credited in the form of cash to your account, Cashback earned will only be redeemable via
https://360rewards.standardchartered.com/my/rewards_homehttps://www.sc.com/global/av/my-jop-website...ment-300816.pdfQUOTE
In summary to Maximize the SCB Just One CB Plat Spend 12 / 0.05 = RM240 in Petrol, eCommerce & Auto bill, spend 760+ in others for 1.2% ~ 0.8%
Spend 28 / 0.1 = RM280 in Petrol, eCommerce & Auto bill, spend 1220+ in others for 1.86% ~ 1.12%
spend 85/0.15 = RM567 in Petrol, eCommerce & Auto bill, spend 1933+ in others for 3.4% ~ 0%
1,000 to 1,499.99 -> 12/1000 ~ 12/1499.99 = 1.2% ~ 0.8%
1,500 to 2,499.99 -> 28/1500 ~ 28/2499.99 = 1.86% ~ 1.12%
Above 2,500 -> 85/2500 ~ 85/∞ = 3.4% ~ 0%
* HLB Wise seems to have better effective rate but no rebate if spend rm2000 lower, just one plat got rebate even spend below RM2500
Courtesy from @edwardccg