Standard Chartered Bank Hong Kong

Revisions of Priority Banking 360° Rewards Scheme

Dear Valued Client,

We would like to inform you that with effect from 1 April 2023 (“Effective Date”), the Priority Banking 360° Rewards scheme (both the Relationship Balance requirement and the rewards earned in the form of Points and Asia Miles) will be revised as highlighted by blue shading in the tables below:

Change of Relationship Balance¹ Requirement

To fulfil minimum average daily Relationship Balance^1,2

Original

N/A

Revised

HKD1,000,000
(Not applicable to Product Category 1 for credit card spending)

Supplement on the definition of Eligible Banking Products

Eligible banking products of Structure Investment Series (Product Category 2)

Original

Actual overdraft balance (but not the overdraft limit) in Current Account will be treated as positive balance for Points/ Miles calculation

Revised

Actual overdraft balance (but not the overdraft limit) in Current Account will be treated as positive balance for Points/ Miles calculation (exclude the overdraft balance of WealthPro)

Change of Rewards Earned

Product Category 2: Deposit, Premium Deposit and Structure Investment Series; and
Product Category 3: Investment; and
Product Category 4: Insurance

Daily average balance in a month²

Rewards earned

The Maximum³ rewards earned (monthly)

360° Rewards Points

Asia Miles

360° Rewards Points

Asia Miles

Original

Every
HKD100,000

500
points

35
miles

10,000
points

700
miles

Revised

Every
HKD200,000

400
points

80
miles

6,000
points

1,200
miles

Product Category 5: Personal Instalment Loan

Month-end outstanding loan balance⁴

Rewards earned

The Maximum³ rewards earned (monthly)

360° Rewards Points

Asia Miles

360° Rewards Points

Asia Miles

Original

Every
HKD100,000

500
points

35
miles

10,000
points

700
miles

Revised

Every
HKD200,000

200
points

40
miles

3,000
points

600
miles

Product Category 6: Mortgage Loan

Month-end outstanding loan balance⁴

Rewards earned

The Maximum³ rewards earned (monthly)

360° Rewards Points

Asia Miles

360° Rewards Points

Asia Miles

Original

Every
HKD100,000

100
points

7
miles

10,000
points

700
miles

Revised

Every
HKD200,000

50
points

10
miles

2,000
points

400
miles

In addition, with effect from the Effective Date, a client will also need to maintain at least HKD1,000,000 average daily Relationship Balance before he or she can enjoy the Priority Banking 360° Rewards scheme. The eligibility requirements for the Priority Banking 360° Rewards scheme will therefore be:

Being a Priority Banking or Priority Private client of Standard Chartered Bank (Hong Kong) Limited (the “Bank “) who holds a valid Principal Priority Banking Credit Card or Standard Chartered Cathay Mastercard^® issued by the Bank; and
Having at least one credit card transaction in that particular month; and
Maintaining at least HKD1,000,000 average daily Relationship Balance in that particular month (New requirement as specified above).

With effect from the Effective Date, the 360° Rewards Points or Asia Miles that you are entitled to will be based on the relevant balance of the Product Category concerned in the relevant month with reference to the latest scheme mechanics as mentioned above. Corresponding amendments will be made to the relevant terms and conditions to reflect the changes in the scheme mechanics as mentioned in this notice:

Priority Banking 360° Rewards (360° Rewards Points) Terms and Conditions;
Priority Banking 360° Rewards (Asia Miles) Terms and Conditions;
“Priority Banking 360° Rewards Terms and Conditions” under “Terms and Conditions for Standard Chartered Priority Banking Credit Card”; and
General Terms and Conditions of Priority Banking 360º Rewards (Asia Miles) and Premium 360° Rewards (Asia Miles).

You may visit our website at sccom/hk to obtain a copy of the revised terms and conditions and examples of rewards earned on or after the Effective Date.

If you wish to change the reward type that you earned (Asia Miles/ 360° Rewards Point), please complete the form at sccom/hk/360-reward-form on or after 28 February 2023 or contact our branch staff.

We value your relationship and the above changes will be binding on you if you retain or continue using Priority Banking / Priority Private services after the Effective Date. In case you do not wish to accept the above changes, please let us know; however, we may not be able to continue providing Priority Banking / Priority Private services to you. We would be grateful if you could fulfil the eligibility requirements above before the Effective Date to continue to enjoy the Priority Banking 360° Rewards.

We look forward to continuing serving you. Please contact your Relationship Manager or call our 24-hour dedicated Priority Banking Hotline at 2886 8866 if you need any assistance. Thank you very much for your understanding and support.

If there is any inconsistency or conflict between the English and Chinese versions, the English version prevails.

Standard Chartered Bank (Hong Kong) Limited
February 2023

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Notes


1.	“Relationship Balance” includes the aggregate balance of deposits, investments, accumulated premiums of selected insurance, utilised amounts of secured/unsecured overdraft facilities, outstanding balances on Standard Chartered credit cards and outstanding balances of Standard Chartered Personal Loans you maintain with Standard Chartered Bank (Hong Kong) Limited (“the Bank”) under personal accounts. The Relationship Balance of your personal account will also include the MPF account balance under Manulife Global Select (MPF) Scheme where you authorise and consent the Bank to receive your MPF account information. Standard Chartered credit cards refer to Standard Chartered Credit Card and Standard Chartered cobranded credit card (including supplementary cards and corporate cards) issued by the Bank. Outstanding balances on supplementary cards will contribute to the Relationship Balance of the principal cardholder only.
2.	Based on total number of calendar days in the relevant month.
3.	The maximum total 360° Rewards Points and Asia Miles entitlement per month will be revised from 50,000 points to 23,000 points and from 3,500 miles to 4,600 miles respectively.
4.	As at the last calendar day in the relevant month.
5.	Capitalized terms used herein have the same meanings given to them in the relevant terms and conditions.

Issued by Standard Chartered Bank (Hong Kong) Limited
由渣打銀行（香港）有限公司刊發

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Standard Chartered Bank (Hong Kong) Limited
32nd Floor, 4-4A Des Voeux Road, Central, Hong Kong.
General Enquiry: (852) 2886-8868

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