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.