Dear Cardholders,
Important updates to your Scapia Federal Credit Card, effective from 7th September 2024.
What’s Changing?
Fuel Transactions:
- 1% surcharge waiver for fuel transactions up to ₹5,000.
- Surcharge waiver capped at ₹500 per billing cycle.
- Fuel spends over ₹50,000 per billing cycle will incur an additional 1% convenience fee + GST.
- Convenience fee capped at ₹3,000 per transaction excluding GST.
- Fuel category spends are excluded from rewards.
Lounge Access:
- Unlimited domestic lounge access unlocked with spends of ₹10,000 or more in the previous billing cycle.
- For statements generated in September, the existing ₹5,000 spending threshold applies.
Utility, Telecom, and Cable Transactions (MCC: 4900, 4812, 4814, 4816, 4899):
- 10% coins for spends up to ₹20,000 per billing cycle.
- Spends over ₹20,000 per billing cycle excluded from rewards.
- Spends over ₹50,000 per billing cycle will incur an additional 1% convenience fee + GST.
- Convenience fee capped at ₹3,000 per transaction excluding GST.
Other Changes:
- Spends on rent, wallet load will incur a 1% convenience fee + GST (max ₹3,000 per transaction excluding GST).
- Spends on Government Services (MCC: 9099 to 9999) and Business Services (MCC: 7399, 7311, 7372, 7538, 7832, 7392, 7997, 7991, 7349, 7941) are excluded from rewards.
Interest Rates:
- Interest rates revised to 3.75% p.m. (45% p.a.).
- If your bill is not paid in full, 3.75% interest will be charged on the total outstanding every month.
Please note: Goods and Services Tax (GST) will be charged on all fees, interest, and other charges.