In addition to the revision for the Liverpool FC Cashback Credit Card, Standard Chartered is also revising the terms of its other popular cashback credit card, the JustOne Platinum Mastercard.

The revision will effectively streamline the cashback you can earn from the three categories: Auto Bill, Petrol, and Online, and introduces a cashback cap of RM20 per category, per month. However, the cashback tiers remain the same, which means you still earn a maximum of RM60 cashback with RM2,500 spending in the three categories.

Before 1 February 2021	After 1 February 2021
Cashback on Auto Bill, Petrol, and Online transactions	Cashback on Auto Bill, Petrol, and Online transactions (No changes)
Cashback capped at RM60/month, but cashback for Online is capped at RM30 0.2% uncapped cashback for other retail transactions	Cashback cap of RM20/month per category 0.2% uncapped cashback for other retail transactions
Cashback tiers for Auto Bill, Petrol, and Online: 5% cashback for monthly spending between RM1,000 – RM1,499, capped at RM12 10% cashback for monthly spending between 1,500 – RM2,499, capped at RM28 15% cashback for monthly spending of at least RM2,500, capped at RM60 0.2% cashback for other retail transactions with minimum monthly spend of at least RM1,000	Cashback tiers for Auto Bill, Petrol, and Online: 5% cashback for monthly spending between RM1,000 – RM1,499, capped at RM12 10% cashback for monthly spending between 1,500 – RM2,499, capped at RM28 15% cashback for monthly spending of at least RM2,500, capped at RM60 0.2% cashback for other retail transactions with minimum monthly spend of at least RM1,000 (No changes)

Currently, the cashback is pooled between Auto Bill and Petrol (RM30), and a separate pool for Online (RM30). The new cashback revision will see an individual cashback cap for each category but with a lower cap of RM20, which means you’ll earn cashback for up to RM133.34 spending per category at the 15% tier.

With no changes to the spending tiers and total cashback, the maximum effective cashback rate still stands at a respectable 2.3% – BUT you’ll need to spend at least RM2,500 per month just like before. The effective cashback rates for the lower spend tiers are unchanged as well at 1.2% (RM1,000 – RM1,499) and 1.87% (RM1,500 – RM2,499).

All things considered, the changes are not as huge as that on the Liverpool FC Cashback Credit Card, but it’s likely that if you own either card, it’s time to tweak your credit card strategy come 1 February 2021.