Receive up to 10% Cashback on your school fee payments when you use your Standard Chartered Platinum credit card.
If the school does not accept credit card payments, just give us a call and we’ll offer you a School Fee Monthly Instalment Plan with 0% interest for 6 to 12 months (processing fees apply). We simply provide you with a cheque addressed to the school for the amount requested*, and you can pay the total back in 6 or 12 equal monthly instalments. You will also receive up to 10% Cashback on the instalment amount, however, the instalment amount will not count for the minimum overall expenditure for the month.
Additionally, if you make a school fee payment using your Standard Chartered Platinum credit card, you can convert the payment into a School Fee Monthly Instalment Plan with 0% interest for 6 to 12 months (processing fees apply). Please note, if you convert your school payment into a School Fee Monthly Instalment Plan, the Cashback earned on the initial school fee payment transaction will be reversed and you will earn up to 10% Cashback on each instalment amount for each month the plan is taken for, however, the instalment amount will not count for the minimum overall expenditure for the month.
Example: The school fees are AED 18,000 per annum. If you request our School Fee Payment Plan we will provide you with either a cheque or the conversion of an existing school fee payment and you choose a 6-month plan, the calculation will be as follows:
- Amount requested: AED 18,000
- Monthly instalment amount: AED 3,000 (AED 18,000 ÷ 6 months)
- Cashback received per month for 6 months: AED 300
- You have saved AED 1,800
In this example, retail spend should be AED 15,000 or more to be eligible for 10% Cashback. Please note that Cashback amounts vary depending on your overall monthly expenditure. Please refer to the table below for school fees details.
|Total spends in AED
(including local and international spends)
|Cashback % on amount spent on school fees
||Maximum Cashback per month in AED
|0 – 2,499
|2,500 – 7,499
|7,500 – 14,999
|15,000 and above
Terms and Conditions:
School fee payments made with your Standard Chartered Platinum credit card earn up to 10% Cashback in the form of Cashback Points, up to a maximum of AED 400 per month, subject to meeting the minimum overall expenditure of AED 2,500. Total expenditure includes all spends on your Standard Chartered Platinum credit card and are not limited to payments on school fees only. Cashback Points will be given on school fee payments made in AED. To redeem your cashback points, simply log in to your Online Rewards profile.
Converting school fee payments:
Please note that the first instalment of the School Fee Monthly Instalment Plan will only be billed on the next statement date. If your statement is already generated and the school fee payment made is already billed to your account, you can still convert the payment in to a School Fee Monthly Instalment Plan however, the normal finance charge will apply from the date of the transaction to the date of the booking of the instalment plan. The School Fee Monthly Instalment Plan processing time is 7 working days.