Credit Cards

Best Standard Chartered Credit Cards in Singapore – Credit Card Reviews 2018

Best Standard Chartered Credit Cards Review

Clara Lim

0 Comments

0
Shares

The average Singaporean probably only knows of a couple of Standard Chartered credit cards – the Unlimited Cashback card and Spree card – but SCB actually has quite a number of credit cards on offer (some are either outdated or niche though). Take a look at Standard Chartered’s major credit cards here:

Standard Chartered Credit Cards

Credit card Benefits Things to note
Standard Chartered Unlimited Cashback Credit Card 1.5% cashback on everything, no minimum spend, no cap
Standard Chartered Spree Credit Card 3% cashback on online spend (foreign currency), vPost

2% cashback on online spend (local), contactless payment

1% cashback on all other retail spend

No min. spend

Cashback cap $60

Standard Chartered Manhattan World Mastercard 3% cashback with min. spend $3,000

1% cashback with min. spend $1,000

Min. spend $1,000 or $3,000

Cashback cap $200 per quarter

Standard Chartered Platinum Visa / Mastercard Earn 50 rewards points per banking relationship (bank, transact, deposit, loan, invest)

Get 2X rewards with $1,000 spend

Min. spend $250

Must have banking relationship with SCB

Standard Chartered Visa Infinite Card $1 = 1.4 miles (local)

$1 = 3 miles (overseas)

35,000 welcome miles with payment of annual fee

Min. income $30,000 (for Priority Banking customers) or $150,000

Min. spend $2,000

$588.50 annual fee

 

SCB cashback credit card with no cap: Standard Chartered Unlimited Cashback Card

Standard Chartered Unlimited Cashback Credit Card

Standard Chartered Unlimited Cashback Credit Card


Card Benefits

  • Get SS250 Cash + Cashback - Standard Chartered Bank Unlimited Cashback Card
  • Submit your (i)Contact Details and (ii)11-13 digit Reference Number on the Thank You Page upon completion at MoneySmart Claim Form by 28 Feb 2019 for your S$150 Cash Gift. Refer to T&Cs here
  • 1.5% cashback on all eligible spend
  • No cashback cap and no minimum spend
  • Doubles up as your ez-link card with the EZ-Link facility enabled on it
  • Enjoy discounted movie tickets at Cathay Cineplexes

It seems Singaporeans have an appetite for these “unlimited” cashback credit cards. SCB’s entrant in this category lets you earn a straight 1.5% rebate on everything. Since you don’t need to worry about bursting caps, this card is ideal for massive expenses like wedding banquets or home renovations.

Key features:

  • Get 1.5% cashback on all spend, no minimum, no cap

Essential info:

  • Minimum income: $30,000 (Singaporean & PR) / $60,000 (foreigner)
  • Annual fee: $192.60 (waived for two years)
  • Annual interest rate: 26.9%*

Also consider: American Express True Cashback Card

 

SCB cashback credit card for online shopping: Standard Chartered Spree Credit Card

Standard Chartered Spree Credit Card

Standard Chartered Spree Credit Card


Card Benefits

    • Get up to S$100 worth of Cashback when you apply for SCB Spree Card via MoneySmart
    • 3% cashback on all online spends in foreign currency
    • 2% cashback on all online spends in local currency, contactless and mobile payments
    • 20% off vPost shipping fees for air shipments to Singapore, capped at $1250 per shipment
    • Online Price Guarantee: refund of 50% of the price difference if you find a lower price for the same item within 30 days of your online purchase*

    While there are several great cashback cards for online shoppers in Singapore, the SCB Spree Credit Card is the only one that I know of which doesn’t have a minimum spend requirement. That’s great for people who don’t want their occasional online purchase to turn into a full-blown habit.

    Key features:

    • Get 3% cashback on foreign currency online spend and vPost, 2% on local online spend and contactless payment
    • Note that foreign currency transactions will incur admin and transaction fees so you’re really just breaking even
    • No minimum spend
    • Monthly cashback cap of $60
    • Annual interest rate: 26.9%*

    Essential info:

    • Minimum income: $30,000 (Singaporean & PR) / $60,000 (foreigner)
    • Annual fee: $192.60 (waived for two years)

    Also consider: DBS Live Fresh Card

     

    SCB cashback credit card for big spenders: Standard Chartered Manhattan World Mastercard

    This is a rather old credit card from Standard Chartered and it will probably be phased out as the SCB Unlimited Credit Card is better. But, if you want to make a one-off large purchase between $3,000 and $6,666, you can consider this for a higher rebate than the SCB Unlimited Card.

    Key features:

    • Get 3% cashback with $3,000 spend and up
    • Cashback drops to 1% if you spend between $1,000 and $3,000 a month
    • Capped at $200 per quarter, meaning you can’t spend more than $6,666 per quarter

    Essential info:

    • Minimum income: $30,000 (Singaporean & PR) / $60,000 (foreigner)
    • Annual fee: $192.60 (waived for first year)
    • Annual interest rate: 26.9%

    Also consider: American Express True Cashback Card

     

    SCB rewards credit card for banking: Standard Chartered Platinum Visa / Mastercard

    Standard Chartered Platinum Visa/MasterCard Credit Card

    Standard Chartered Platinum Visa/MasterCard Credit Card


    Card Benefits

      • $1 = 1 point
      • $1 = 2 points (at least $1,000 spend per month) on all spend when you open a Standard Chartered Current Account
      • Exclusive dining, shopping and travel privileges with The Good Life®

      Most rewards credit cards let you earn points for shopping or online spending. The one exception is the SCB Platinum Card. It’s got a unique set up where you earn 360° Rewards points for banking with Standard Chartered – like mortgage, investments, deposits, etc.

      Key features:

      • You must spend $250 a month on the card to get bonus points
      • Earn 50 points a month when you open a current account, fixed deposit, take out a home loan or make any online transactions
      • Get 100 points a month if you invest with SCB
      • Rewards points can be exchanged for air miles and vouchers in the Standard Chartered rewards catalogue
      • Get up to 15% cashback (capped at $30 per month) on Grab rides in Singapore and overseas (from now until 31 March 2019).

      Essential info:

      • Minimum income: $30,000 (Singaporean & PR) / $60,000 (foreigner)
      • Annual fee: $192.60 (waived for three years)
      • Annual interest rate: 26.9%*

       

      SCB air miles credit card: Standard Chartered Visa Infinite Card

      This premium credit card is only for those making $150,000 a year and have a correspondingly high expenditure. If you do meet these requirements, the SCB VI gives you probably the best overseas miles earn rate ($1 = 3 miles) in town, so it’s ideal for business travellers.

      Key features:

      • Use this overseas as much as possible to get 3 miles per dollar
      • Local spend gets you 1.4 miles per dollar, which isn’t too bad either
      • Minimum spend $2,000 every month, otherwise earn rate drops to $1 = 1 mile
      • Welcome bonus of 35,000 miles with payment of $588.50 annual fee (non-waivable)

      Essential info:

      • Minimum income: $150,000
      • Minimum income for Priority / Private Banking customers: $30,000 (Singaporean & PR) / $60,000 (foreigner)
      • Annual fee: $588.50 (non-waivable)
      • Annual interest rate: 26.9%*

      Also consider: HSBC Visa Infinite Credit Card

       

      *From 28 January 2019, effective interest rate for credit card purchases, personal loan finance charges & prevailing rate for fund transfers (if you are not on any promotional rate) will be 26.90% p.a. If full payment is not received by payment due date, finance charges will apply & are calculated on a daily basis from transaction date to payment due date. For more details, please visit sc.com/sg/fcrev.

       

      Other Standard Chartered credit cards

      • Standard Chartered Priority Visa Infinite Credit Card: Priority Banking version of the SCB Visa Infinite
      • Standard Chartered Prudential Platinum Card: use rewards points to offset insurance premiums
      • Standard Chartered PruPrestige Visa Signature Card: by invite only credit card for insurance premiums
      • Standard Chartered NUS Alumni Platinum Card: for NUS alumni only
      • Standard Chartered Business Platinum Card: basic rewards credit card
      • Standard Chartered Manhattan $500 Card: student credit card with $500 credit limit

      Do you use Standard Chartered credit cards? Tell us why or why not in the comments!

       

      Related articles

      Standard Chartered Unlimited Cashback Credit Card – MoneySmart Review 2019

      Your Savings Account Sucks, Here Are Some That Don’t – 2019 Edition

      Standard Chartered Home Loan Review Singapore – Which Mortgage to Choose from Standard Chartered

      Keep updated with all the news!

      Tags:

      Clara Lim

      I used to be MoneyDumb. I hung out at H&M every day and thought that a $50 lunch set was a good deal. These days, I spend my time researching the crap out of life and trying to maximise utility on micro-decisions. I'm not sure if that's an improvement.