Standard Chartered Priority Banking Visa Infinite Credit Card lets you earn 360° Rewards Points on all your retail spends.You can collect these points and redeem it for air miles of your favourite frequent flyer programme or for rewards across multiple categories, such as dining, fashion, and electronics.
The major highlights of this card are:
Best Suited for
|Rewards for overseas retail purchases||Earn 5x 360° Rewards Points for every RM1 spent|
|Rewards for local retail purchases||Earn 1x 360° Rewards Points for every RM1 spent|
|360° Rewards Points redemption||Redeem 360° Rewards Points that you’ve earned for air miles of your favourite frequent flyer programme|
|Air Miles conversion||Convert 360° Rewards Points to Air Miles of multiple partners, including Asia Miles, KrisFlyer, Enrich, and AirAsia BIG.|
When you apply for a Standard Chartered Priority Banking Visa Infinite Credit Card through the bank’s online or offline channels, you stand the chance to win a 24” Condotti Luggage Bag.
To be eligible for this welcome gift, you’ll need to spend a minimum of RM1,000 on your approved Standard Chartered credit card within 60 days from the date of approval. This offer is valid until 31 August 2018.
Here’s a table showing the number of 360° Rewards Points you can earn in each spending category with your Standard Chartered Priority Banking Visa Infinite Credit Card:
|Spending Category||Number of 360° Rewards Points|
|Overseas Retail Spends||5x points for every RM1 spent|
|Local Retail Spends||1x points for every RM1 spent|
|Home Loan/Financing-i||40 points for every RM10,000 outstanding balance|
|Current/Savings Account||40 points for every RM10,000 average balance|
|Investments||40 points for every RM10,000 average balance|
|Secured Overdraft||40 points for every RM10,000 average balance|
|FDs/General Investment-i||5 points for every RM10,000 average balance|
With the Standard Chartered Priority Banking Visa Infinite Credit Card, you get complimentary travel insurance and medical insurance coverage of up to RM50,000. While this amount of coverage is valid if you’re aged less than 70 years, the coverage amount if you’re aged 70 years or more is up to RM25,000. You even get travel assistance services cover of up to RM100,000 with this card.
As a Standard Chartered credit cardholder, you can transfer any outstanding balance that you have on another bank’s credit card to your Priority Banking Visa Infinite Credit Card. You can then pay off this amount over flexible repayment tenures at a lower interest rate.
With the Balance Transfer Plus facility, you can consolidate all your credit card debt onto a single card. Here’s a table showing the details of this plan:
|Transfer Amount||Repayment Periods||Applicable Interest Rate|
|RM1,000||12, 18, 24, or 36 months||5.99% p.a.|
|RM5,000||12, 18, 24, or 36 months||5.99% p.a.|
|RM10,000||12, 18, 24, or 36 months||5.99% p.a.|
|RM15,000||12, 18, 24, or 36 months||5.99% p.a.|
|RM20,000||12, 18, 24, or 36 months||5.99% p.a.|
With the FlexiPay Plus facility, you can convert all your large retail purchases into smaller, affordable monthly instalments at a reduced interest rate. From electronics to medical bills, you can split all eligible retail transactions into monthly payments. Here’s a table showing details of this plan:
|Minimum Transaction Amount||Tenure Options|
|RM500||6, 9, 12, 18 months|
You can use your Standard Chartered Priority Banking Visa Infinite Credit Card to access cash at any hour with Cheque-On-Call Plus. You can apply for this facility online on the bank’s website and get cash up to 100% of your available credit limit.
For any COC Plus amount you use, you can pay it all off over flexible tenures that go up to 60 months at a fixed interest rate of 9.88% p.a. Here’s a table showing details of this plan:
|Minimum COC Plus Amount||Tenure Options||Applicable Interest Rate|
|RM1,000||12, 18, 24, 36, 48, or 60 months||9.88% p.a.|
|Minimum Age Requirement for the Principal Cardholder||21 years|
|Minimum Age Requirement for the Supplementary Cardholder||18 years|
The Standard Chartered Priority Banking Visa Infinite Credit Card is available by invitation only. To be eligible, you need to be a Priority Banking member with a minimum Assets Under Management (AUM) of RM250,000 per month as on the last day of the month.
Although this credit card is available by invitation only, you’ll still need to furnish mandatory documents specified by the bank when it’s time to apply for it.
Here are the main documents you’ll need:
|Type of Applicant||Mandatory Documents That You Need|
You can apply for the Standard Chartered Priority Banking Visa Infinite Credit Card online at BBazaar.my with relative ease by providing your personal and financial details.
|Type of Fees||Charges|
|Interest Rates||15% p.a. – 18% p.a.|
|Annual Fees – Principal Card||RM800 (with 0% GST). The annual fee is waived for the first two years for new customers. Annual fees for subsequent years will be waived with a minimum spend of RM10,000 p.a.|
|Annual Fees – Supplementary Card||RM400 (with 0% GST).|
|Minimum Monthly Repayment||The higher amount between 5% of the total outstanding balance and RM50.|
|Late Payment Charges||The higher amount between 1% of the total outstanding balance and RM10. This charge can go up to a maximum amount of RM100.|
Here are the latest promotions that you can benefit from with the Standard Chartered Priority Banking Visa Infinite Credit Card:
Use your Standard Chartered Priority Banking Visa Infinite Credit Card for all kinds of transactions to get the most value out of each spend. Besides exclusive privileges in travel, shopping, and dining, you can earn reward points on all kinds of spends that you can later redeem for air miles, gifts, and vouchers.
Q. Am I eligible to get the joining promotion cashback each time my credit card application is approved?
A. No. You’re eligible to get the promotional cashback only once when your application for a Standard Chartered credit card is successfully approved. This is regardless of how many successful applications you make for other credit cards.
Q. Is the complimentary travel insurance coverage valid when I’m travelling for work?
A. Complimentary travel insurance cover is valid regardless of whether you’re travelling for business or leisure.
Q. What’s the applicable interest rate if I use my credit card to withdraw cash from an ATM?
A. The applicable interest rate for a cash withdrawal done with your Standard Chartered credit card is 18% p.a.
Q. Is there an interest-free period in case of retail transactions done with my credit card?
A. Yes. There’s an interest-free period of 20 days from the statement date for retail transactions done with your credit card. This period is valid only if you’ve paid your outstanding balance from the previous month in full.
Q. Are there any conditions applicable to enjoy complimentary travel and medical insurance with my credit card?
A. Yes. While you don’t need to charge the entire cost of your flight tickets to this card, all you have to do is charge your Standard Chartered Priority Banking Visa Infinite Credit Card at least once when you’re travelling overseas.