Thursday, January 17, 2019

To Redeem Reward points in Standard Chartered Debit Card through online | Convert Standard chartered (India) Debit card reward points into cash

Earlier days , Standard chartered Platinum Debit card users could convert their reward points into equivalent cash . Recently the reward scheme has been changed and you could redeem your reward points from any one of the products available in their online reward store

Steps to redeem your Standard chartered debit card, saving accounts reward points through online.

  1. Log on to your Standard chartered internet banking.
  2. In the side menu bar, choose Online rewards option. You will be directed to 360rewards website owned by Standard chartered.
  3. Now you can see various categories of products .
  4. You can check your points accumulated on the top of the page and redeem the points with desired product in the list.
  5. If you don,t want to redeem as products, you can convert them into Giftcards like Flipkart voucher, amazon gift card, bookmyshow voucher , croma gift card and so on.  I recommend this option because you will get the same product for cheaper prize in online stores compared to this rewards store.
  6. As said earlier , you can no longer convert your reward points as direct cash into your account.

Reward Points scheme details for Standard chartered platinum debit card Holders

  1. Platinum debit card holders can earn 10x rewards across categories - Entertainment, Groceries, Supermarket, Utilities and Telecom.
  2. There is no minimum spend cut off
  3. Maximum reward points you can earn for a month is 1000
  4. Maximum reward points you can earn for a transaction is 100
  5. You will earn 10 reward points for every 100 INR spent on above mentioned categories.
  6. Apart from Platinum debit card transactions, you can also earn some points for using Savings account online transactions like monthly NEFT, IMPS transactions, online recharges, purchases through internet banking etc.