a.The Premium Banking 2X Spending Rewards (“2X Spending Rewards“) is only applicable to Premium Banking clients of the Bank holding a valid designated card (“D esignated Card of 2X Spending Rewards“) (as defined in clause b below) issued by the Bank.
b. Designated Card of 2X Spending Rewards refers to Standard Chartered Platinum Credit Card and Standard Chartered UnionPay Dual Currency Platinum Credit Card. Cardholders who are opted for the Cash Back Scheme are not eligible for 2X Spending Rewards. The Designated Cards of 2X Spending Rewards are subject to amendment by the Bank from time to time without prior notice.
c. The qualified transactions for the 2X Spending Rewards (“Qualified Transactions“) shall refer to the Qualified Transactions under the 360º Rewards Points Scheme which can be obtained at the Bank’s website sc.com/hk. For details, please refer to Terms and Conditions for Points Redemption.
d. For each of the Designated Card of 2X Spending Rewards, once the accumulated Qualified Transactions of a Designated Card of 2X Spending Rewards reaches HKD4,000 or above (the calculation will be based on calendar month and only those Qualified Transactions posted within the same calendar month will be counted), all Qualified Transactions posted in the relevant calendar month will be entitled to an extra point, i.e. one extra point will be awarded for every HKD1 spent for those Qualified Transactions. For avoidance of doubt, if the monthly accumulated spending does not exceed HKD4,000, every HKD1 spent for Qualified Transactions will be awarded for only one point of 360º Rewards Points.
e. Qualified Transactions settled by both the principal card and supplementary card(s) (if any) under the same card account (“Designated Card Account“) of Designated Card of 2X Spending Rewards will be counted collectively under the principal card in calculating the 2X Spending Rewards.
f. The extra points will be credited to the eligible Designated Card Account on monthly basis upon fulfilled all the specific requirements of Qualified Transactions. The cut-off date of extra points will be set on the last calendar date of that month (“cut-off month“) and will be credited to the Designated Card Account within two calendar months after the cut-off month. For example, the Qualified Transactions made between 1 November and 30 November 2016 will be cut-off on 30 November 2016 and the extra points (if applicable) will be credited to the relevant Designated Card Account by end of January 2017.
g. For clients who newly sign up for Premium Banking, 2X Spending Rewards will not be available until the following calendar month after the date of sign-up and subject to the validity and financial standing of their Designated Card of 2X Spending Rewards.
h. Points awarded under the 2X Spending Rewards will be valid for use with no expiry as specified in the relevant monthly statements. Points cannot be redeemed for cash. The usage of the points will be subject to all terms and conditions set out in the Bank’s 360º Rewards Catalogue as amended by the Bank from time to time.
i. In the event that any point has been posted but subsequent to such posting, the transaction(s) that form(s) part or all of the points is cancelled or refunded, without prior notice to the cardholder, the Bank has the right to either debit from the Designated Card Account the same amount of points posted, or if the balance of points is insufficient, charge to the Designated Card Account a monetary amount equivalent to the value of the points posted.
j. Premium Banking client status and the relevant banking products and services must remain valid at the time when extra points are credited to the Designated Card Account. Otherwise, the 2X Spending Rewards will be forfeited and not to be provided to Premium Banking client through any other means.
k. If the Designated Card Account is voluntarily or involuntarily closed, all unredeemed points and points which not yet awarded to the Designated Card Account will be immediately forfeited.
l. Notwithstanding the above, to be eligible for the 2X Spending Rewards, the Designated Card Account must be valid and in good financial standing at the time when the points are awarded. The Bank further reserves the right not to award any points if Premium Banking client fails once or more to pay on or before the relevant due date under any credit facility (including credit card) with the Bank in the preceding 12 months.
m. The Bank reserves the right to vary, amend or terminate the above 2X Spending Rewards and modify the terms and conditions herein from time to time without prior notice, including but not limited to the points multiplier. In case of disputes, the decision of the Bank shall be final and binding.
n. If there is any inconsistency or conflict between English and Chinese versions of these terms and conditions, the English version shall apply and prevail.