Dec 02, 2014 11:10 PM
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I have been reading a lot of negative reviews about SCB cards and personally though - I can be indifferent to them, yet it pains me to see at how ill - informed the users of these cards are.
They simply lack basic fundamental information that they need to make full payments for their cards every month, or else they will be charged interest. And if they pay late - they will be charged late fee+ tax on late fee as well. But this review is not about complaining what people don't know - but what they should know.
Here I am covering a review of the Standard Chartered Super Value Titanium Credit Card, which has been in the market for quite a while and personally I have been using it for the past 3 years.
The card in itself is good but the user does not know properly how to maximize its benefits.
- 750 is an yearly free for Standard Chartered Titanium card - True, something you cannot do anything about and cess will be charged on it too. It is therefore NOT a free card.
But that being said, this card offers a cashback of up to Rs. 500 EVERY month provided you use it for the right transactions which are listed below:
A. 5% cash back on all utility bills.
B. 5% cash back on all prepaid mobile payment( including mobile recharges).
C. 5% cash back on fuel refills on ANY station using any machine - of which 2.5% is a surcharge reversal and the remaining 2.5% is actual cash back on fuel.
On top of that, there are points credited, for every 150 rupees spent. You just need to know which card to use for what transaction.
Also, if you do not pay the full bill of any month and pay only the minimum amount due, YOU WILL BE CHARGED INTEREST. That's basic common sense buddy. if you do not know that, you will end up paying late fees and mess up your credit history - so take caution! Also any points or cashback earned will be negated.
Hence the card actually gives you back 500 each for 12 months= 6000 rupees in a year against a nominal fee of 750 per year IF YOU USE IT CORRECTLY.
My sincere request to all users is to READ THE RULE BOOK CAREFULLY. You'll end up saving a lot.
