It is a feature that allows you to pay for your next single purchase using Reward Points. You can use Purchase with Rewards by activation of this feature on your card via Online Banking.
It works in 2 ways: full redemption and partial redemption. For an illustration, please see examples below:
A. Full redemption example - if you do a transaction post activating Purchase with Rewards
Transaction value - BHD50
Accumulated Reward Points - BHD90
Subsequent to transaction the transaction amount will get automatically credited to your credit card as follows
Amount credited to your credit card account - BHD50
Amount debited to your Reward Points - BHD50
Amount debited to your Reward Points - BHD50
Partial redemption example - if you do a transaction post activating Purchase with Rewards
Transaction value - BHD100
Accumulated Reward Points - BHD80
Subsequent to transaction the transaction amount will get automatically credited to your credit card as follows:
Amount credited to your credit card account - BHD80
Amount debited to your Reward Points - BHD80
Reward Points balance - BHD0
Any transaction(s) on that card after the above single transaction will revert to regular transactions which is not payable by use or redemption of such Reward Points.
Yes, overseas transactions will be included. Note that overseas or non-local transactions are subject to the same exchange rate of that which applies to currency conversions on your card. The amount redeemed via Purchase with Rewards will be the authorised amount.
You will be able to view the credit in your credit card statement. The debit to the reward points will be reflected in your Reward Points Summary in the monthly statement.
Standard Chartered Bank (the “Bank”) is committed to maintaining a culture of the highest ethics and integrity, and in compliance with all applicable law, regulation and internal policy. As part of this commitment, the Bank has a ‘Speaking Up’ programme through which genuine concerns in this regard can be raised. Members of the public can securely raise Speaking Up concerns through this hyperlink, which is hosted on behalf of the Bank by a third party ‘InTouch’. Examples of concerns that can be raised through this website are concerns that relate to accounting, internal accounting controls or auditing matters and concerns relating to bribery or banking and financial crime. Concerns received will be forwarded to the Bank’s investigations team for review. Complaints relating to SCB banking services should not be raised through this site in the first instance, but through the SCB branch network, contact centres, Relationship Managers or the ‘Contact Us’ webpage.
Disclaimer
Please note that this hyperlink will bring to you to another website on the Internet, which is operated by InTouch, an independent company appointed by the Bank to support its Speaking Up programme. Please be mindful that when you click on the link and open a new window in your browser, you will be subject to the additional terms of use of the website that you are going to visit.
