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Banking Privilege$aver by Standard Chartered, up to 4.75%, Seems like so few people talk about it

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GrumpyNooby
post Jan 11 2021, 07:04 PM

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QUOTE(Batusai @ Jan 11 2021, 06:52 PM)
For bill payments,

can use to pay other credit cards via JomPay right? considered as bill payment? and is it considered under same day?
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I don't know much of the details.
Please refer to the respective thread or product PDS.

360 thread: https://forum.lowyat.net/topic/3920681/+2600#entry99495661
High Yield Saving Account thread (for Smart Account): https://forum.lowyat.net/topic/4439367/+660#entry99545173
GrumpyNooby
post Jan 11 2021, 09:00 PM

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QUOTE(mamamia @ Jan 11 2021, 08:58 PM)
The spend bonus now can spend with debit card??  Also, i c 2 section for card spending.. debit card + credit card, is it 0.9% + 0.9% if I manage to fulfil both?

N I c only 0.9%, how u get 1%?
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user posted image

Great! I can cancel my JOP.

This post has been edited by GrumpyNooby: Jan 11 2021, 09:05 PM
GrumpyNooby
post Jan 11 2021, 09:08 PM

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QUOTE(mamamia @ Jan 11 2021, 09:05 PM)
So, indirectly, we get higher interest..
0.05 + 0.9 x 3 = 2.75 vs current 2.60
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I believe it is from Clause 14:

14. Eligible Accountholders can earn up to 4.75% p.a. in the Promotion Account based on total interest/return earned from the Base Rate and total Bonus Rates on all Bonus Categories of Deposit, Card Spend and Wealth as per Table 1.

Eurobeater Please take note on the new changes in the Card Spend Bonus:

user posted image

Credit to mamamia for pointing out the Card Spend Bonus change

This post has been edited by GrumpyNooby: Jan 11 2021, 09:18 PM
GrumpyNooby
post Jan 11 2021, 09:09 PM

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QUOTE(cclim2011 @ Jan 11 2021, 09:08 PM)
so this month still 2.60 kah?
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The revised T&C starts on 1/2/2021.
Till then, everything remains as it is until 31/1/2021.
GrumpyNooby
post Jan 11 2021, 09:15 PM

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QUOTE(cclim2011 @ Jan 11 2021, 09:13 PM)
but some part of interest given in February.
talking about this i gonna ask in ocbc 360 haha. ocbc has history...
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SC has no problem of honouring based on previous few revision.
GrumpyNooby
post Jan 11 2021, 09:20 PM

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QUOTE(adele123 @ Jan 11 2021, 09:13 PM)
Hmmm... no min spend on the debit card. Rm 1 x 5 still qualify eh?
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The Retail Transactions for Debit Card Spending is rather simple & straight forward:

user posted image

My debit card has been activated and used before; ready for action. bruce.gif
GrumpyNooby
post Jan 12 2021, 04:12 AM

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QUOTE(mamamia @ Jan 11 2021, 09:47 PM)
I rmb I opt out for debit card purchase b4, how to activate it back?
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Try to do it from the app.
However effect is not immediate like Maybank.
You need to wait for few days once the request is completed.
GrumpyNooby
post Jan 12 2021, 04:17 AM

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QUOTE(Tronoh @ Jan 12 2021, 12:06 AM)
are there any ewallets that can use debit card to top up? i got plenty credit cards now I'm so noob about debit
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Most of the ewallets can support debit cards.
GrumpyNooby
post Jan 12 2021, 08:35 AM

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QUOTE(jiaen0509 @ Jan 12 2021, 08:29 AM)
They cut the credit card benefit and encourage saving rclxms.gif

Anyone would like to share, is it look like min 5 trx on the debit card have no min spending and online is consider as qualified trx?
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You'll only know the result for Debit Card Spend Bonus by 31/3/2021 since this is the first revision.

user posted image

Based on the latest revision on JOP and PSA, they want you to use their product mores.

This post has been edited by GrumpyNooby: Jan 12 2021, 08:37 AM
GrumpyNooby
post Jan 12 2021, 08:44 AM

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QUOTE(jiaen0509 @ Jan 12 2021, 08:39 AM)
So my understanding is Debit Card 5x (no min spend) will earn 0.9%. But we all will only know after 28/2/2021 perhaps on 1/3/2021 only know when credit the interest.
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The new revision will only take place starting 1/2/2021.
Base Bonus & Deposit Bonus will be credited on 28/2/2021 (End of the Current/Transaction month).
Credit Card Spend Bonus will be on 1/3/2021 (1st working day of the Following month).
Debit Card Spend Bonus will be 31/3/2021 (End of the Following month) which is similar to Invest Bonus

This post has been edited by GrumpyNooby: Jan 12 2021, 08:48 AM
GrumpyNooby
post Jan 12 2021, 09:08 AM

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Eurobeater There're a lot of changes to the Wealth/Invest Bonus.

The major change is:
user posted image
user posted image

The key change is:
Subscribe a minimum of RM 30,000 of Unit Trust/Islamic Unit Trust (“UT”) or;
Purchase Eligible Insurance/Takaful Policy with a minimum annual premium/contribution value of RM 30,000
GrumpyNooby
post Jan 12 2021, 09:16 AM

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QUOTE(Eurobeater @ Jan 12 2021, 09:14 AM)
Oh wow, I didn't know the changes were so big. Ok. Will update the tered
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Neither do I.
I have just gone through the whole T&C Change PDF (6 pages) and new PSA T&C PDF.


GrumpyNooby
post Jan 12 2021, 01:19 PM

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QUOTE(Batusai @ Jan 12 2021, 11:20 AM)
Thank you so much for the info!

So with debit card spend, interest seem like increased for PSA then. Time to stay back ka? hmm.gif
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Also do take note that the debit card spend bonus credit time is not same credit card spend bonus.
There's a lag time of almost a month.

Credit Card Spend Bonus will be on the 1st working day of the Following month.
Debit Card Spend Bonus will be at the end of the Following month which is similar to Wealth/Invest Bonus
GrumpyNooby
post Jan 13 2021, 12:00 PM

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QUOTE(tiramisu83 @ Jan 13 2021, 11:55 AM)
sorry guys, to confirm again, is top up ewallet consider as retail transaction?
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It is not under exclusion

user posted image
GrumpyNooby
post Jan 13 2021, 12:36 PM

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QUOTE(viole @ Jan 13 2021, 12:33 PM)
since the clause has SCBMB and SCSB Debit Cards, means we need to spend 5 times on debit cards and 5 times on credit card to qualify for 0.9%.

is this correct?
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user posted image

Debit Card Spend: Min 5 retails transaction
Credit Card Spend: No change as still need to hit RM 1000 spending posted within calendar month
GrumpyNooby
post Jan 13 2021, 12:38 PM

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QUOTE(!@#$%^ @ Jan 13 2021, 12:36 PM)
what is scbmb and what is scsb?
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SCBMB: Standard Chartered Bank Malaysia Berhad 198401003274
SCSB: Standard Chartered Saadiq Berhad 200801022118
GrumpyNooby
post Jan 13 2021, 12:40 PM

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Change of Majlis Perbandaran Sandakan [MPS] payment service.

Please be informed that Online Bill Payment services to Majlis Perbandaran Sandakan [MPS] will be discontinued (including scheduled payments if any) effective 20th January 2021. You can continue paying these bills via JomPAY.

Your existing payee and scheduled payment will not be valid from this date onwards.
Please remove Majlis Perbandaran Sandakan [MPS] payee list by taking the following steps:
To remove scheduled payment:
1. Log in to Online Banking
2. Click Payments / Transfers History
3. Click Delete at Majlis Perbandaran Sandakan [MPS] scheduled transaction
4. Confirm delete scheduled payment
Step 2: To remove existing registered payee:
5. Click Payments and Transfers
6. Click 3rd Party Funds Transfer / Bills Payment
7. Click Add a new bill payment payee
8. Find Majlis Perbandaran Sandakan [MPS]
9. Click remove
10. Confirm deleted existing registered payee

To make payments to your Majlis Perbandaran Sandakan [MPS] bills, please take the following steps:
To make payment via JomPAY:
1. Log in to Online Banking
2. Click JomPAY Bill Payment
3. Click ‘Make One Time JomPAY Payment’
4. JomPAY Biller code for Majlis Perbandaran Sandakan [MPS] [Please check your bill for MPSJ Biller code]

To avoid payment disruption, you may also opt to set schedule payment for your JomPAY Majlis Perbandaran Sandakan [MPS] (Please check your bill for MPSJ Biller code ).

Announcement link: https://av.sc.com/my/content/docs/my-change...ent-service.pdf
GrumpyNooby
post Jan 13 2021, 12:42 PM

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QUOTE(viole @ Jan 13 2021, 12:41 PM)
since there's the AND clause, do we need to use SCBMB and SCSB cards?

sorry, my logical thinking messed up my brain. or we can just use the debit card they issued me? how to tell my card is SCSB or SCBMB? or are they the same?
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Did you read the table from T&C?
GrumpyNooby
post Jan 13 2021, 12:51 PM

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QUOTE(viole @ Jan 13 2021, 12:47 PM)
yes. there's where i found the AND clause.

the way i understand it, i need to use both SCBMB AND SCSB cards. if i can just use either, its usually using OR.

as i have mentioned, my logical thinking messed up my brain.
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QUOTE
Performed minimum 5 Retail Transactions on qualifying SCBMB and and SCSB Debit Card.

Bonus Interest/Hibah Rate on debit card spend is applicable to all SCBMB and SCSB debit cards (“qualifying SCBMB and SCSB debit cards”).

The Bonus Interest/Hibah Rate on debit card is only applicable for retail transaction charged to the qualifying SCBMB and SCSB debit cards (“Retail Transactions”).


Read the T&C again in whole sentence.
You're get what it mean.

First is, how're going to get a debit card from SCSB if you got a debit card from SCBMB? Or vice versa?

Next, can PSA account be tagged with 2 debit cards?

This post has been edited by GrumpyNooby: Jan 13 2021, 12:52 PM
GrumpyNooby
post Jan 13 2021, 02:20 PM

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QUOTE(lalahehe90 @ Jan 13 2021, 02:17 PM)
Is autodebit insurance payment counted as retail transaction?
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Not under exclusion:

user posted image

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