But the 5% cash back is applicable only for petrol and telecom service providers only. That is, only if you use your card for purchase of petrol and paying your telephone or mobile bills (any service provider) only. In petrol usage, you already will be levied a 2.5% surcharge for your purchase and this 5% cash back includes that 2.5% surcharge and hence you are actually saving only 2.5% when using against petrol purchases. But in telecom bill payments you are actually saving 5% cash back on all your transactions.
Apart from this all other spends will get you a confirmed 1% cash back. This includes groceries, clothes, restaurants, medical, travel, etc.
They claim that you will be saving up to Rs. 3072 in a year if you utilize this cash back for a one whole year. You can find more details about this offer here.
They have not mentioned about any minimum amount that is needed to avail this offer and hence I guess there is no lower limit to avail this offer.
Another important thing you need to note here is that this Standard Chartered Titanium Credit Card does have an annual fees, unlike other gold and classic cards of various banks which are offered at lifetime free offer. The annual fees for this card is Rs. 2000. And as a special offer the joining annual fee is waived to Rs. 750. So, before applying for this card, you should be well aware of this fact and then apply for it that you really intend to use this card for your savings with cash back which comes to Rs. 1072 every year deducting the annual fees that you are going to pay. This is based on their calculation, it may vary for most of us.
Apart from this there is no separate rewards points option for this card also.
Anyway this card is aimed only for affluent target group who have grown above and beyond Gold Cards.
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