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

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Unlimited Cashback card and Spree card – but SCB actually has quite a number of credit cards on offer (some are either outdated or niche though).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

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

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

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!

 

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