This Diwali, Standard Chartered Bank is running a promotional offer on their Ultimate Credit Card to earn 1,500 bonus reward points. Here is an in-depth look at the key aspects of this deal.
Offer Details
| Detail | Description |
|---|---|
| Offer | Get 1,500 bonus points for spending Rs. 1 lakh or more on Ultimate Credit Card. |
| Duration | November 8-14, 2023 |
| Eligible Spend | Most purchases except taxes, investments, insurance, etc. |
| Fulfillment | Points added within 90 days |
Analysis of the Offer
- Normally the Ultimate Card earns 3.3% back on spending (33 points per Rs. 100)
- With this offer, you can earn up to 4.8% back on Rs. 1 lakh of Diwali spending
- This extra 1.5% bonus doubles the rewards earned during the promotion
- However, spending exclusions like insurance reduce the value of some
- Fulfillment period is longer than some other banks’ Diwali offers
Our Take
While the offer seems good, the tricky part is what’s not included. That “etc” in the terms and conditions might mean more than you think.
Historically, Diwali offers have been a bit dull. Standard Chartered used to offer a 5% back offer on festive promos, but they’ve cut back a lot recently.
So, while this year’s offer might not seem as generous as before, it’s still a nice little bonus if you can hit the spending target. Got any thoughts on this? Feel free to share.
