facebookI currently have a Standard Chartered Unlimited Cashback Credit card, However, it did not take into account the premium paid for my annual Personal Accident Insurance policy. Are all online transactions not eligible for cashback? - Seedly

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Anonymous

25 Nov 2019

Credit Cards

I currently have a Standard Chartered Unlimited Cashback Credit card, However, it did not take into account the premium paid for my annual Personal Accident Insurance policy. Are all online transactions not eligible for cashback?

I currently have a Standard Chartered Unlimited Cashback Credit card, and is eligible to get 1.5% cashback. However, this cashback did not take into account the premium paid for my annual Personal Accident Insurance policy.
Are all online transactions not eligible for cashback? Or only for insurance-related transactions?

Discussion (4)

What are your thoughts?

Kelly Trinh

Kelly Trinh

25 Nov 2019

Level 11·Backoffice technical at financial services firm

On the back end, the card associations will assign merchants a code that summarizes their line of business (this is called the merchant category code - MCC)
Banks generally have exclusions for certain classes of transactions (insurance, topups to prepaid accounts, stock trading accounts are common ones). However, practice is different by each bank so you need to look at the T&C for your particular card on what is excluded.

ATH

ATH

24 Jan 2019

Level 2·Consulting at Financial Services

Any insurance premiums charged to your Unlimited Card (and/or your supplementary credit card) are NOT eligible for cash back scheme.

https://www.sc.com/sg/credit-cards/unlimited-ca...

I suggest you check the terms and conditions of your card properly. Usually, insurance premiums, as ...

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