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Details of Priority Banking 360º Rewards (Asia Miles)

Priority Banking 360º Rewards (Asia Miles)

Your Standard Chartered Cathay Mastercard®️ / Standard Chartered Cathay Mastercard – Priority Banking / Standard Chartered Cathay Mastercard – Priority Private is the key to unlocking exclusive benefits and exceptional rewards from your total banking relationship with us.

You can choose to redeem Flight Awards, Hotel Stays, Car Rentals, and many other Lifestyle Awards with Asia Miles. For details, please visit asiamiles.com.

Table 3 (Asia Miles)

PRODUCT CATEGORY OF ELIGIBLE TRANSACTIONS REWARD BASIS ASIA MILES REWARDS THE MAXIMUM ASIA MILES EARNED (MONTHLY)
1) Standard Chartered Cathay Mastercard / Standard Chartered Cathay Mastercard – Priority Banking /Standard Chartered Cathay Mastercard – Priority Private Every HKD4 for dining, online and overseas spending1 1 No Limit
Every HKD6 for spending on other categories1 1 No Limit
2) Deposits

Structured Investment Series

Premium Deposit

Every HKD100,000 daily average balance in a month2 35 700
3) Investments Every HKD100,000 daily average balance in a month3 35 700
4) Insurance 35 700
5) Personal Instalment Loan Every HKD100,000 month end outstanding loan balance4 35 700
6) Mortgage Loan 7 700

1 The Miles are earned under the Standard Chartered Cathay Mastercard / Standard Chartered Cathay Mastercard – Priority Banking / Standard Chartered Cathay Mastercard – Priority Private Rewards Scheme. For avoidance of doubt, clients will not earn any Priority Banking 360º Rewards on credit card spending.
2 Based on total number of calendar days in the relevant month.
3 Based on total number of days the Bank is open for business in the relevant month.
4 As at the last calendar day in the relevant month.

Note: Priority Banking clients must spend at least once in retail transaction (including monthly instalment and bill payment and only those transactions posted in the relevant monthly statement will be counted) with their principal Standard Chartered Cathay Mastercard / Standard Chartered Cathay Mastercard – Priority Banking / Standard Chartered Cathay Mastercard – Priority Private or make cash advance in a month with their principal Standard Chartered Cathay Mastercard / Standard Chartered Cathay Mastercard – Priority Banking / Standard Chartered Cathay Mastercard – Priority Private in order to enjoy Priority Banking 360º Rewards (Asia Miles) for that particular month.

Priority Banking clients who also hold valid principal Standard Chartered Priority Banking Credit Cards may choose to earn either Points or Miles under Priority Banking 360° Rewards. The entitlement of Reward Points or Asia Miles is also subject to the validity of the respective credit card.

All principal cardholders of Standard Chartered Cathay Mastercard are entitled to an annual fee waiver on their Cards for the first year from the issuance date of their Cards. If they are Priority Banking clients and their Average Daily Relationship Balance is maintained at HKD1,000,000 or above, or Premium Banking clients and their Average Daily Relationship Balance is maintained at HKD200,000 or above, or payroll account clients, cardholders are entitled to the above stated annual fee waiver so long as cardholders meet the above stated criteria in the annual fee billing month. The Bank will charge an annual fee of HKD2,000 for the subsequent Card Membership Year and onwards. For details, please click here to refer to the Standard Chartered Cathay Mastercard Annual Fee Waiver Terms and Conditions.

All principal cardholders of Standard Chartered Cathay Mastercard – Priority Banking who sign up for Priority Banking will enjoy first year annual fee waiver if the Average Daily Relationship Balance is maintained at HKD1,000,000 or above in the two months prior to the annual fee billing month in the first year.  Clients can continue to enjoy the card annual fee waiver if clients remain as Priority Private client and maintain Average Daily Relationship Balance of HKD1,000,000 or above from the second year. Cardholders will be charged an annual fee of HKD4,000 on the third month from card opening date and every 12 months after card issuance subsequently. For example, if Cardholders successfully applied for the Card in July 2021, Cardholders will be charged annual fee in October 2021, second year annual fee in August 2022, third year annual fee in August 2023 and so on. For details, please click here to refer to the Standard Chartered Cathay Mastercard – Priority Banking Annual Fee Waiver Terms and Conditions.

All principal cardholders of Standard Chartered Cathay Mastercard – Priority Private who sign up for Priority Private will enjoy first year annual fee waiver if the Average Daily Relationship Balance is maintained at HKD8,000,000 or above in the two months prior to the annual fee billing month in the first year.  Clients can continue to enjoy the card annual fee waiver if clients remain as Priority Banking client and maintain Average Daily Relationship Balance of HKD8,000,000 or above from the second year. Cardholders will be charged an annual fee on the third month from card opening date and every 12 months after card issuance subsequently. For example, if Cardholders successfully applied for the Card in July 2021, he/she will be charged annual fee in October 2021, second year annual fee in August 2022, third year annual fee in August 2023 and so on. The Bank will charge an annual fee of HKD8,000 for every Card Membership Year. For details, please click here to refer to the Standard Chartered Cathay Mastercard – Priority Private Annual Fee Waiver Terms and Conditions.

The Annualised Percentage Rates (“APR“) for Standard Chartered Cathay Mastercard / Standard Chartered Cathay Mastercard – Priority Banking / Standard Chartered Cathay Mastercard – Priority Private are 35.70%(0.0914% per day) for retail purchases and 39.09% (0.0914% per day) for cash advance when credit card account is opened and it will be reviewed from time to time. An APR is a reference rate which includes the basic interest rate and other fees and charges of a product expressed as an annualised rate, APR is calculated based on the guidelines as set out in the Code of Banking Practice and is for reference only, inclusive of Cash Advance Fee (if applicable). For details of credit card services fee and charges, it is available on our website at sc.com/hk.

Here is an example of how you can earn more Miles on your Standard Chartered Cathay Mastercard / Standard Chartered Cathay Mastercard – Priority Banking / Standard Chartered Cathay Mastercard – Priority Private:

Table 4 (Asia Miles)

EXISTING PORTFOLIO OF ACCOUNTS MONTHLY SPEND OR DAILY AVERAGE BALANCE IN A MONTH OR MONTH-END OUTSTANDING LOAN BALANCE (WHERE APPLICABLE) (HKD) ASIA MILES REWARDS ASIA MILES EARNED IN ONE YEAR^
Local retail spending with Standard Chartered Cathay Mastercard / Standard Chartered Cathay Mastercard – Priority Banking / Standard Chartered Cathay Mastercard – Priority Private 6,000 1,000 12,000
Deposits

Structured Investment Series

Premium Deposit

800,000 280 3,360
Investments 300,000 105 1,260
Insurance 200,000 70 840
Personal Instalment Loan 100,000 35 420
Mortgage Loan 400,000 280 3,360
Total Asia Miles accumulated in a year 21,240*

* Please refer to Asia Miles website www.asiamiles.com for actual miles redemption requirements and relevant terms and conditions. Any fees related to Asia Miles redemption including but not limited to fuel surcharge, tax and other fees are to be borne by the clients.

Not Protected under Deposit Protection Scheme
Structured Investment Series and Premium Deposit are NOT an alternative to ordinary saving or time deposit, and are NOT a protected deposit and NOT being protected under the Deposit Protection Scheme in Hong Kong.

^ Assume the Miles earned monthly remain the same for the whole year for all product categories.

The above example is for reference only. The choice of reward is not guaranteed and is subject to the Asia Miles and/or the supplier’s reward scheme which will be amended from time to time.

For the detailed Terms and Conditions, please refer to Terms and Conditions for details.

Terms and Conditions of Asia Miles apply for redemption and/or use of Miles. For details, please visit www.asiamiles.com. The Bank is not obliged to notify Clients of any changes or latest announcements of Asia Miles Limited. Clients understand and accept that the Bank is not the supplier of the reward (including Miles). The Bank shall bear no liability relating to any aspect of the reward, including without limitation, their quality, the supply, the descriptions of the reward provided by the supplier, any false trade description, misrepresentation, mis-statement, omission, unauthorized representation, unfair trade practices or conduct in connection with the reward provided by the supplier, its employees, officers or agents.