We received our Standard Chartered X cards today, including the fancy illuminated packaging, but if you’ve been sitting on the fence with the 100,000 miles sign-up bonus it might be time to bite the bullet and apply. That’s because the bank has dramatically shortened the application period by a month. Instead of ending in 32 days from now, it will end today.
Not the terms and conditions that’s for sure, but then they don’t have to be changed as they always contained a clause saying that the bank could terminate the offer early if it chose to.
Mainly Miles confirmed with a Standard Chartered Customer Service Officer this evening that provided your application is submitted by the end of tomorrow (31st July 2019), you will be eligible for the sign-up bonus even if your card is approved later.
That’s not what the terms and conditions document states for the original end date of the promotion (31st August 2019).
In that case it clearly related to card approval, not application, so we took that with a pinch of salt.
We just called again at 00:20 and were told the new 31st July 2019 deadline related to approval date, which means you have less than 24 hours to apply and be approved – no small task at this stage!
Frankly it feels like we could have asked 10 different Standard Chartered CSOs the same question over the last few days and received 10 different answers! If only that was an exaggeration…
If you want to apply but haven’t done so yet, do it today (31st July 2019) to be eligible for the sign-up offer, assuming your application is then successful and you are approved (maybe?) today.
If you are approved on or after 1st August 2019, we would definitely recommend contacting Standard Chartered to verify that your card account is still indeed eligible for the 100,000 miles promotion before embarking on your S$6k spend marathon.
If they say your account is not eligible, our opinion is then certainly to not activate and simply cancel the card. Standard Chartered confirmed to us that the annual fee would not be charged in this case.
A 100,000 mile sign up bonus for a credit card in Singapore isn’t one to ignore, so if you’re still on the fence our advice is to apply now.
If you then confirm with Standard Chartered you are not eligible for the offer, for example if your card is approved on 2nd August 2019, then by all means don’t activate the card. Simply call up and cancel, then you won’t have to worry about the annual fee.
Remember, you can still pay the annual fee of S$695.50 if you wish, even outside the sign-up bonus, and receive 30,000 miles, but that’s a poor rate to buy miles and there are little or no other perks to speak of.
You really want this one, like us, only for the 100,000 miles promotion.
(Cover Image: Standard Chartered)