Note: As of 5 December 2022, the Standard Chartered Unlimited Cashback Credit Card was renamed to the Simply Cash Credit Card along with a card redesign.
Looking for a straightforward credit card with cashback on everything you spend? The Standard Chartered Simply Cash Credit Card might just be the card you've been looking for.
Offering fuss-free 1.5% unlimited cashback on pretty much everything, the Standard Chartered Simply Cash Credit Card stands for being, as its name suggests, simple. Most cashback cards require that you fulfil minimum spending requirements before you’ll see any rebates, and even then, there’s often a cap on how much you can earn. With this card, you won’t have to worry about either of those scenarios.
On top of that, this card gives you access to a flexible funds transfer facility—letting you tap into instant cash at low fees and manage repayments on your terms.
In this article, we’ll walk you through what the card offers, who it’s best suited for, and how it compares with other cashback options out there.
| Standard Chartered Simply Cash Credit Card Review—Is it MoneySmart?
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| Overall: ★★★☆☆ (3.3) Best for: Those looking for a fuss-free, anything-goes cashback credit card. With no minimum spend requirements, it’s perfect for students and first jobbers. With no rebate cap, it’s great if you have a big-ticket expense coming up. The catch: There are no limits and no minimums, but the cashback rate is relatively low compared to other cashback cards with minimum spends and bonus spend categories. |
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| Pros—What we like | Cons—What we don’t like | ||||
| – Unlimited cashback – No minimum spend required – Very large range of spend categories–almost anything goes! – Dining and shopping privileges at over 3,000 outlets in Asia with Standard Chartered’s The Good Life Program |
– Relatively low cashback rate compared to cashback cards with minimum spends and rebate caps – Limited periphery rewards |
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| Category | Our rating | The deets | |||
| Earn rates: Cashback | ★★☆☆☆ | 1.5% cashback on almost everything. Exceptions include: Top-ups and tax, parking, insurance, brokerage, and recurring bill payments. |
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| Earn categories | ★★★★★ | ||||
| Annual fees and charges | ★★★★☆ | $196.20 (first year waiver available) / $0 for supplementary cards | |||
| Accessibility | ★★★☆☆ | Minimum income requirement: $30,000 (Singaporeans) / $90,000 (non-Singaporeans) | |||
| Extras/periphery rewards | ★☆☆☆☆ | Shopping discount privileges at over 3,000 outlets in Asia with Standard Chartered’s The Good Life Programme | |||
| Sign-up bonus | ★★★★★ | Get $350 cash via PayNow or 4,000 SmartPoints when you spend a minimum of $800 within 30 days of card approval. Plus, stand to win prizes like a private jet trip to the Maldives or Michelin-starred dining experiences in the stackable Million Reasons to be Happier promotion. Valid until 7 Jan 2026. Check here for the latest sign-up promotion. |
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See our credit card ranking rubric to find out how we rank credit cards.
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1. Summary
As a fuss-free, anything-goes card, this is as simple as it gets. You get up to 1.5% cashback on all spending, with no cashback cap and no minimum spending requirements.
- on eligible spends
- 1.5% Cashback
- Min Spend
- S$0
- Cashback Cap
- Unlimited
Get S$350 Cash via PayNow or earn 4,000 SmartPoints (worth up to S$469 of Gifts) when you spend min. S$800 in 30 days AND apply to any of the following SCB products through MoneySmart (Bonus$aver Account, CashOne Loan, EasyPay or Funds Transfer). T&Cs apply.
While the 1.5% cashback rate the card offers isn’t really super high, the card’s strength lies in how uncomplicated it is. If you're not one to meticulously keep track of your spending in various categories, the Standard Chartered Simply Cash Credit Card definitely has its appeal.
Plus, the fact that the Standard Chartered Simply Cash Credit Card's cashback is unlimited will come in really handy if you're making a big purchase, like a new fridge for your home. Such big-ticket items would max out the bonus cashback on other cashback cards, but not the Standard Chartered Simply Cash Credit Card.
2. Fees
The Standard Chartered Simply Cash Credit Card is a beginner-friendly card with a minimum annual income requirement of $30,000. Besides that, the card's annual fee is also waived for 1 year.
| Standard Chartered Simply Cash Credit Card | |
| Annual fee & waiver | $196.20 including GST (waived for 1 year) |
| Supplementary annual fee | – |
| Interest free period | – |
| Annual interest rate | 27.90%* |
| Late payment fee | $100 |
| Minimum monthly repayment | 1% or $50, whichever is higher |
| Foreign currency transaction fee | 3.5% |
| Cash advance transaction fee | 8% |
| Overlimit fee | $40 |
| Minimum income | $30,000 (Singaporean/PR) / $90,000 (non-Singaporean) |
| Card association | Mastercard |
| Wireless payment | Visa Contactless, MasterCard PayPass, Apple Pay, Samsung Pay, Google Pay |
*The effective interest rate is 27.90% per annum (minimum). If full payment is not received by payment due date, finance charges will apply and are calculated on a daily basis from transaction date to payment due date.
3. Minimum spend
One of the best things about this card is that there's no minimum spend that you need to meet to qualify for cashback.
If you decide to spend only $10 on your card one month, you still get the 1.5% cash rebates. It doesn’t matter what you use the card on, and you don’t have to worry if you’re using it in the right spending categories, as the 1.5% applies to practically everything (there are a few exceptions, like taxes and EZ Link top-ups).
On the other end of the spectrum, this card is also great for big spending. If you're going through major (read: very expensive) life changes such as getting married, furnishing a new home, going on a round-the-world trip to find yourself, this fuss-free credit card will still deliver the same 1.5% rebate on your sky-high expenses.
With most other cashback credit cards, you would bust the rebate cap unless you really dedicate yourself to gaming the system and splitting your expenses. And frankly, who has time for that?
ALSO READ: 10 Best Credit Cards for Buying Furniture and Electronics
4. What happened to the Standard Chartered Simply Cash Credit Card bonus cashback?
The Standard Chartered Simply Cash Credit Card offers a standard 1.5% cashback on all spend.
There used to be a way to boost the cashback: Having an Unlimited$aver account with at least $100,000 parked in it. This would then earn you an additional 1.5% in cashback (up to $100 bonus cashback) monthly. Sadly, Standard Chartered no longer offers this account and your Standard Chartered Simply Cash Credit Card is stuck at the standard 1.5% cashback rate.
Psst, if you do have $100,000 to put into a savings account anyway, we'd suggest putting the lump sum into one of these high-interest savings accounts to earn greater interest.
5. Exclusions
The Standard Chartered Simply Cash Credit Card is quite honestly as fuss-free as credit cards get. However, here are a few key exclusions that will not earn you any cashback:
- EZ-Link top ups
- Government services
- Parking payments
- Tax payments
- Payments to educational institutions
- Insurance payments
- Betting
- Payments to brokerages
- Cleaning, maintenance services
- Recurring bill payments
So if you're thinking you could earn a steady stream of cashback with recurring bill payments that you charge to your Standard Chartered Simply Cash Credit Card, we're sorry to burst your bubble but that's not going to happen.
Also take note that you won't earn cashback for Grab top-ups or any stored value card purchases.
6.Card Funds Transfer feature
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- with new Credit Card Funds Transfer applications
- 0.6% Cashback
- with min. of S$800 per month
- 2% Cashback
- Low Processing Fee
- From 0.99%
The Standard Chartered Simply Cash Credit Card also comes with a convenient Credit Card Funds Transfer feature that helps you manage cash flow more effectively.
With this offer, you can access extra cash at 0% interest for up to 12 months, subject to a low, one-time processing fee starting from just 0.99% (EIR from 3.62%). Applying is seamless: you can apply for both the card and a funds transfer in a single step. What’s more, you’ll enjoy instant cash disbursement to any bank account in Singapore, or even to another bank’s credit card.
Key benefits include:
- 0.6% cashback with new funds transfer applications, and up to 2% cashback when you transfer and spend a minimum of S$800 per month
- Flexible repayment options—pay just the minimum or settle your full balance, whichever suits your needs
Plus, Standard Chartered makes it easy to manage larger purchases with their 0% Instalment Payment Plan. Purchases over S$150 can be split into monthly payments over 3 to 12 months, helping you stay on top of your budget without extra interest charges.
Overall, the funds transfer facility is a practical addition for those who want more than just rewards from their credit card. Whether you need extra cash in a pinch or want flexibility in managing expenses, this feature helps you do both—simply and affordably.
7. Extra privileges and card benefits
The Standard Chartered Simply Cash Credit Card is a great fuss-free cashback card, but its benefits mostly end there. The only extra perks it comes with are some shopping discounts.
You get to enjoy shopping discount privileges at over 3,000 outlets in Asia with Standard Chartered’s The Good Life Programme, which is open to all SCB credit and debit cardholders. The deals include getting deals at merchants like Puma and Club21, as well as discounts on accommodation worldwide with Agoda.
8. Sign-up promo
Thinking of adding the Standard Chartered Simply Cash Credit Card to your wallet? Take advantage of the ongoing sign-up promo to pocket $350 cash via PayNow or earn 4,000 SmartPoints. Redeem the latter for any gift on the Rewards Store, including Apple products, ergonomic chairs, miles, and more.
- Apple AirPods Pro 3 (worth $349)—redeem for 3,900 SmartPoints
- ErgoTune Joobie Lite (worth $449)—redeem for 3,990 SmartPoints
- 9,000 + 3,000 KrisFlyer miles—redeem for 3,000 + 1,000 SmartPoints
You can also make a small top-up to upgrade your gift. For example, you can redeem 36,000 Atome+ Points using 5,000 SmartPoints. All you need to do is top up $100 to purchase an additional 1,000 SmartPoints.
To qualify for your welcome gift for the Standard Chartered Simply Cash Credit Card, simply charge a minimum of $800 to the card within 30 days of card approval.
Promotion ends 7 Jan 2026. T&Cs apply.
Plus, stand to win prizes like a private jet trip to the Maldives or unlock amazing game prizes like flight tickets, Michelin-starred dining experiences in the SC Million Reasons to be Happier promotion from now till 28 Feb 2026.
9. Should I get the Standard Chartered Simply Cash Credit Card?
The Standard Chartered Simply Cash Credit Card is great for beginners who are new to the world of cashback credit cards. You don't have to think too much about the spending categories and their respective cashback caps or even about hitting a minimum spend requirement.
The no minimum spend requirement is especially great for students and first jobbers who might not be raking up enough monthly expenses to meet the usual requirement (often $600 and above) by cashback credit cards to earn bonus rebates. Plus, without the limitations of spending categories, you can earn uncapped cashback on everything from your McDelivery orders to Grab payments.
Speaking of which, if you have a big expense coming up (perhaps, a wedding banquet), you can earn unlimited cashback with the Standard Chartered Simply Cash Credit Card. There's no need to worry about being limited by cashback caps!
10. Alternatives to the Standard Chartered Simply Cash Credit Card
Standard Chartered's offering isn't the only unlimited cashback credit card on the market. We'll look at the most mainstream options here:
UOB Absolute Cashback Card: This card has the highest cashback in the unlimited, no minimum spend cashback card market at 1.7%. The main downside is that it’s an Amex card, so you’ll be hard-pressed to find smaller merchants to accept it.
- Cash Back on Eligible Spend
- 1.7%
- Min. Spend per month
- S$0
- Cash Back Cap
- Unlimited
Citi Cashback+ Mastercard: This card plays second fiddle to the UOB Absolute Cashback card, offering 1.6% unlimited cashback. For 0.1% less cashback, you get the benefit of the Mastercard association.
- Cash Back on Eligible Spend
- 1.6%
- Min. Spend per month
- S$0
- Cash Back Cap per month
- Unlimited
Get Upsized S$400 Cash Reward or 6,140 SmartPoints (worth up to S$499 of Gifts) when you charge a min. of S$500 within 30 days!
PLUS, win a S$15,000 Dream Holiday to your preferred destination! T&Cs apply.
American Express True Cashback Card: Extremely similar to the Standard Chartered Simply Cash Credit Card as both offer 1.5% cashback. Amex True Cashback has the advantage of also offering 3% cashback during the first 6 months of card membership for your first $5,000 worth of spending.
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- on up to $5,000 spend in the first 6 months for new Card Members.
- 3.0% Cashback
- all subsequent eligible purchases
- 1.5% Cashback
- Cash Back Cap
- Unlimited
UOB One Card: This card gives more generous rebates on everything, but the main problem is that the minimum spending requirements are high, onerous (you need to hit the target every month in a quarter to qualify for rebates for that quarter) and confusing. If you’re looking for simplicity, avoid this card, unless you are consistently spending exactly $2,000 every month on a specific credit card.
On the other hand, if you're up for a challenge, check out our review of the UOB One Card to get up to speed on its mind-boggling mechanics.
- cashback on daily spend at McDonald's, Grab, SimplyGo & Shopee
- Up to 10%
- cashback at all grocery spend
- Up to 8%
- cashback cap a year
- Up to S$2,240
Maybank Platinum Visa Card: Another credit card that offers a flat cash rebate for consistent spending, but with lower spending tiers than the UOB One Card. Get up to 3.33% cashback on all local spending if you spend $300 or $1,000 each month in a quarter. If you don’t mind a wee bit of responsibility and a reasonable minimum spending requirement, consider this card.
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- Cashback on Local & Foreign Spend
- Up to 3.33%
- Min. Spend per month
- S$300
- Cashback Cap per quarter when you spend S$300 per month
- S$30
Conclusion? For uncomplicated unlimited cashback, the Standard Chartered Simply Cash Credit Card and Amex True are extremely close, and the winner might just be whichever is offering a better credit card sign-up promotion.
P.S. Here’s our MoneySmart credit card ranking rubric
In case you’re wondering, here’s how we decide on our credit card rankings.
| Is that credit card MoneySmart? Our MoneySmart credit card ranking rubric |
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| Category | Our rating |
| Overall | The average rating for the credit card on the whole, calculated from the ratings for the individual categories below. Plus, we’ll give you a one-liner on who we think the credit card is best suited for. |
| Earn rates: Air miles / Cashback / Rewards points | Air miles ✈️✈️✈️✈️✈️ / Cashback / Rewards points . This category looks at the depth rather than breadth of earn rates. – 5 stars means this card’s got the highest earn rates within that credit card type. – 3-4 stars mean it’s average – 1-2 stars reflect earn rates that are below average. |
| Earn categories | This category looks at the breadth rather than depth of your earnings. – 5 stars: Earn with ANY spend. – 3-4 stars: Earn on a large number of categories (e.g. all dining, transport and retail, but not telco bills) OR earn on 1 very broad category (e.g. all contactless/mobile payments). – 1-2 stars: Earn a decent rate only on selected categories, such as fast food only. |
| Annual fees and charges | – 5 stars: $0 – 4 stars: $1-200 – 3 stars: $201-500 – 2 stars: $501-$999 – 1 star: $1,000 and up We dock a star if fee waiver is NOT allowed. |
| Accessibility | Minimum income requirements:
Exclusivity: We dock 1-2 stars if there is/are another category/categories that make the card exclusive and very specific to a certain clientele. |
| Extras/periphery rewards | These include: – Travel benefits, such as airport lounge access – Lifestyle benefits, such as spa privileges – Dining benefits, such as complimentary AMEX Love Dining or Entertainer with HSBC subscriptions We count the number of benefits and award between 0.5 to 2 stars for each, depending on how good the perk is. |
| Sign-up bonus | 5 stars: The gift(s), cash, or miles are the highest we see out there compared to other credit cards of the same type (miles, cashback, etc). Also easy to attain these welcome bonuses. 3-4 stars: Average but not disappointing sign-up bonus compared to other credit cards. You aren’t losing out. 1-2 stars: You are probably losing out in terms of the welcome bonus you’re getting; there are other similar credit cards with sign-up bonuses that are better or easier to attain. |
Check out all our MoneySmart credit card reviews: The Ultimate List of Credit Card Reviews in Singapore.
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