What Is the Standard Chartered JumpStart Debit Card-i About?
The Standard Chartered JumpStart Debit Card-i is a dedicated Mastercard debit card designed to reward customers who prioritize digital and international spending. It stands out by offering valuable perks like high online cashback and eliminating foreign exchange fees, directly enhancing your savings while shopping and travelling abroad.
What Benefits Do I Get?
- 5% Online Cashback (Conditional): Earn 5% cashback on online retail spending (local and international), capped at RM50 monthly, provided you deposit a minimum of RM3,000 fresh funds into your linked account each month. T&C applied.
- Zero Foreign Exchange Fee: Pay 0% FX mark-up fee on all overseas purchases, offering significant savings on global transactions.
- Free Overseas ATM Withdrawal (Conditional): Enjoy zero charges on ATM withdrawals made overseas via SCB or Mastercard/Cirrus networks (does not cover charges imposed by overseas banks).
- Free Local ATM Withdrawal (Conditional): Receive a fee waiver for cash withdrawals at all MEPS ATMs nationwide at the end of the month, provided you meet the RM3,000 fresh funds monthly deposit requirement.
- Zero Annual Fee: The debit card has no annual fee charged for usage.
- Online Access: Manage your accounts and transactions securely via Standard Chartered Online Banking or the SC Mobile App.
Any Other Features?
- No Minimum Deposit: There is no minimum deposit required to open the linked JumpStart Savings Account-i.
- MyDebit Contactless: The card includes a MyDebit contactless application for fast, small-value transactions.
- Optional Card-Not-Present (CNP) Transactions: To perform overseas ATM withdrawals, overseas point-of-sale purchases, or online purchases, you are required to opt-in via the branch or Contact Centre.
- Mastercard Network: The debit card operates on the widely accepted Mastercard payment services network.
Standard Chartered JumpStart Cashback Campaign Details
This cashback campaign operates on a tiered Monthly Average Balance (MAB) structure. The higher the MAB you maintain in your JumpStart Savings Account-i, the higher the total maximum cashback you can earn per month.
Table 1: Your Monthly Cashback Earning Tiers
You can unlock different levels of maximum cashback based on the Monthly Average Balance (MAB) you maintain in your linked account:
| Monthly Average Balance | Cashback Rate | Cashback Cap per Category | Total Monthly Cashback Cap |
| RM5,000 and above | 5% | RM12.50 | RM50 |
| RM50,000 and above | 5% | RM50.00 | RM200 |
Table 2: Where You Earn the 5% Cashback (Eligible Spend)
The 5% cashback is rewarded on purchases falling into these specific merchant categories (MCCs). Think of this as your eligible essential and digital spending:
| Spend Category | Sub-Category | Merchant Category Codes (MCC) | Merchant Name Examples |
| Transport | Petrol & E-hailing | 5172, 5983, 5541, 5542, 4121 | All merchants |
| Essentials | Groceries & Pharmacies | 5411, 5912, 5964, 5999 | All merchants |
| E-commerce | Selected online retail (excluding e-wallet top-ups) | All MCCs | Shopee, Lazada, Zalora, Agoda, Facebook, Netflix, Spotify |
| Communication | Telecommunication and WiFi service providers | 4812, 4813, 4814 | All merchants |
Important Exclusions
For clarity, transactions involving e-wallet top-up/reloads (including GrabPay, Touch 'n Go eWallet, Boost, BigPay, Lazada, ShopeePay and Wise) will not be entitled to cashback under this Campaign.
What Are the Fees Associated With This Card?
- Annual Fee: RM0.00 (No annual fee).
- Early Account Closure Fee: RM15.00 (If the account is closed within three months).
- Debit Card Replacement Fee: RM8.00 (for replacement of the physical card).
- Standard Overseas ATM Withdrawal Fee (SCB Fee): RM0.00 (The standard SCB fee is waived for JumpStart Account-i holders).
- Local Fund Transfer Fees:
- Online Banking (IBG/DuitNow Transfer): No charge (Free for outward fund transfers up to RM9,999 per transaction).
- MEPS IBFT Instant Fund Transfer (SCB ATMs): No charge.
- Over the Counter (OTC) (IBG): RM0.30 (Service fee is charged for every successful transaction).
- Basic Staff Assisted Services Fee: RM3.00.
- Paper Statement Fee: Waived.
What Are the Transaction Limits?
- Contactless Transaction Limit: The cumulative contactless limit using MyDebit is defaulted to RM500 per day (this limit is adjustable upon request).
- Petrol Pre-Authorization: A RM200.00 pre-authorization amount will be charged when using the card at automated fuel dispensers (this amount is reversed within 3 business days, and the actual transaction amount is posted).
- Unauthorized Transaction Liability: Your liability is limited to a maximum of RM250.00 for unauthorized transactions, provided you notify the bank promptly and did not act fraudulently.
Who Is Eligible to Apply?
- Minimum Age: Individuals must be 18 years of age and above to apply.
- Citizenship: The account is open to Malaysians (with an IC) and Foreigners (with a valid Passport and Visa with a validity of not less than 6 months).
What Are the Required Documents to Apply for This Debit Card?
- For Malaysians: Your original NRIC (Identification Card).
- For Foreigners: A valid Passport and Visa (with validity of not less than 6 months).
- Note: No minimum initial deposit is required to open the JumpStart Savings Account-i.
