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Credit Cards Standard Chartered Bank Credit Cards V4, Everything About SC Credit Cards

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hjack
post Jun 7 2019, 05:52 PM

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Transactions must be posted within the first week of the following month to be eligible for meeting the minimum spend stated in Clause 1 above. Please note that transactions may be posted late by the merchant. The Bank will not be held responsible for late posting.

This also newly added ?
What does this mean, if applying on the (2.3k BP top up + 200 petrol = 60 CB) scenario ?
hjack
post Jun 7 2019, 11:24 PM

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QUOTE(Jordy @ Jun 7 2019, 06:01 PM)
You swipe your card on 30/7 for 2300 on BP and RM200 on Petrol, but the transaction MUST BE posted by 7/8 for it to be eligible as minimum spend for July CB computation.
If your transaction for RM200 is late (ie posted after 7/8), then you are deemed to have not met the minimum spending of RM2500 for July. Thus your CB will only be capped at RM28 for July.
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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 ?

hjack
post Jun 8 2019, 12:29 PM

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QUOTE(cybpsych @ Jun 8 2019, 08:50 AM)
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.
...
QUOTE(Jordy @ Jun 8 2019, 11:14 AM)
...
As cybpsych already answered in detail, I will skip these questions. Most of the credit cards take calendar month for CB computation.
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cybpsych Jordy
TQ for the clarification. Indeed it is calendar month, as the ATM withdrawal fees rebates also work the same.

One last q: The first-week grace period is only for transactions "spill-over" from previous month.
If I swipe a trx on first week and it also posted on the first week itself, don't think it is counted as previous month. Am I right ?
hjack
post Jan 29 2020, 02:07 PM

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My JOP cashbak in, at last. biggrin.gif
hjack
post Mar 25 2020, 02:23 PM

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QUOTE(ronnie @ Mar 25 2020, 01:56 PM)
too bad nobody's laughing at the "non-funny" joke rclxub.gif
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This thread people serious one cannot simply joke else kena gao2 biggrin.gif
hjack
post Apr 21 2020, 03:51 PM

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The Lazada Scb 15% off voucher, how do I use it? Did not see it apply when I do check out.

 

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