SCB NUS Alumni Platinum Credit Card for Graduates from NUS: Review

This card gives you an opportunity to support your alma mater, NUS (National University of Singapore). The highlights of this card are:

• 1 Reward Point for every S$1 you spend.
• The bank will make a contribution to the following with every use of your card:
• NUS Alumni Overseas Colleges Awards
• NUS Alumni Bursary Awards
• NUS Alumni Student Exchange Awards

Best suited to: Recent NUS graduates with a low credit rating and income, who also want to contribute to your alma mater.

Additional Benefits

• Your online purchases are protected from fraudulent transactions through CardSafe Guarantee.
• Access exclusive Platinum privileges such as golf courses, restaurants and special offers at several stores. For a complete list of these services, visit visaplatinum.com.
• Link all your utility bills to your credit card through the Recurring Payment Plan, making payments easy and convenient. You’ll earn 360° Rewards Points as applicable.
• There are a number of promotions across categories like dining, leisure, retail, and others, through the Live The Good Life programme. Know more about these promotions from this page.
• Transfer money from your credit card to any other saving/current account. The interest and transfer fees are low and it also allows you to consolidate your balance, making it convenient for you to make payments.

Earning Rewards

The rewards offered on the SCB NUS Alumni Platinum Credit Card come under the 360° Rewards programme. You receive the base rate of 1 point per dollar on all your eligible transactions. The points you receive will expire after 3 years.

Redeeming your Earned Rewards

• Visit the website of the bank and navigate to the rewards catalogue and register using the details of your card.
• After logging in, you can select from a variety of categories, fill in the quantity, add to your cart and checkout.
• The categories under which you can find products and services to exchange your points for are:
• Cash rewards
• Culinary Pleasures
• Retail therapy
• Leisure and Wellness
• Home and Kids
• Gadgets
• Air miles
• The conversion rate for products and services depends on which brand and product you choose, while that for air miles is 1,015 miles for 3,500 points.
• The miles can be used on Singapore Airlines through the Krisflyer frequent flyer programme. Conversion needs to be done in blocks of 3,500 points and each redemption will cost you an additional S$25.

How Does the Concierge/Butler Service Work?

You will have access to travel assistance 24x7 through the Visa Platinum Concierge service. You can use the service for planning holidays, booking tickets of events, restaurants or flights, shopping, and selecting and delivering gifts.

Interest Rates

Other Fee and Charges

• New credit card that you receive will be not be active for overseas use unless you request for it. You need to separately enable/disable each of your cards for overseas use.
• If you deactivate your credit card, you will not be able to withdraw cash from ATMs and make transactions through POS magnetic stripe transactions. You can activate the card for overseas use by the following means:
• You can make the card’s stripe ready for overseas use in one of these ways:
• SMS
• Online through SCB’s website

Instalment Payment Plans Available

• Under the 0% Interest Instalment Plan, your bill of S$500 or more can be split into instalments of up to 3 years. This is zero-interest plan as long as you don’t delay payment of the instalments every month. You will earn 360° Rewards Points for all the purchases made under the instalment plan. This plan is applicable in case of selected partners only.
• With EasyPay, you can convert your large purchase of at least S$500 into interest-free instalments for periods of 6 months or 12 months. You must pay a one-time fee of 5%. There are no restrictions on which outlets to use these at. Apply for this plan after the transaction through online or phone banking.

Cash Withdrawal on the Card

If you have sufficient credit limit availability on your card, you can withdraw money from the credit card. You will need to get in touch with the bank for more details on this.

Eligibility Criteria

If you want to know whether you meet the eligibility criteria for this card, you should check this page for full details.

With the discovery of the loss/theft of the card, or if you have been forced to reveal your PIN to someone, you must notify the bank immediately. The bank will take steps to prevent misuse of the card. To do this, contact the bank’s 24x7 hotline number. You must also file a police report and submit all the necessary information to the bank.

If card transactions have taken place before you notified the bank, you will be liable for those transactions. If the bank finds you complicit in any fraudulent activity you may have to bear the entire cost. Otherwise, you’re not required to pay more than S$100.

You should compare credit cards online for a quick understanding of the perks and benefits. This will help you to select the right card that suits your needs and lifestyle. In this way, you will know the advantages and disadvantages of the card.