If you’re looking to earn cashback rewards on your online and offline spending in Singapore, the Standard Chartered Spree Card may be worth considering. This credit card offers up to 3% cashback on all online spending in foreign currency, all vPost spending, and 2% cashback on all online spending in local currency. Additionally, you can earn cashback on all contactless and mobile payments, as well as 1% cashback on all other retail spends.
One of the standout features of the Spree Card is its cashback rewards program. With the ability to earn cashback on a variety of spending categories, you can potentially save money on your everyday purchases. Plus, the cashback rewards are automatically credited to your account every month, making it easy to keep track of your earnings. Additionally, the Spree Card comes with a range of other benefits, such as discounts on dining, shopping, and travel.
To be eligible for the Spree Card, you must be a Singaporean or Permanent Resident with a minimum income of $30,000 per year. You can apply for the card online or at a Standard Chartered branch. Keep in mind that there are fees and charges associated with the card, such as an annual fee and interest rates on outstanding balances. However, if you use the card responsibly and pay your balance in full each month, you can avoid these fees and maximize your cashback rewards.
Key Takeaways
- The Standard Chartered Spree Card offers up to 3% cashback on all online spending in foreign currency, all vPost spending, and 2% cashback on all online spending in local currency, making it a great option for those looking to earn cashback rewards on their everyday purchases.
- To be eligible for the card, you must be a Singaporean or Permanent Resident with a minimum income of $30,000 per year. You can apply for the card online or at a Standard Chartered branch.
- While there are fees and charges associated with the card, such as an annual fee and interest rates on outstanding balances, you can avoid these fees by using the card responsibly and paying your balance in full each month.
Exploring Spree Card Cashback Features
If you’re looking for a credit card that rewards you for your online spending, the Spree Credit Card from Standard Chartered Singapore might be the perfect fit for you. With its cashback rewards program, you can earn up to 3% cashback on all your online transactions in foreign currency and vPost spend, 2% cashback on all online transactions in local currency, all contactless and mobile payments, and 1% cashback on all other retail spends.
Understanding Cashback Rewards
Cashback rewards are a great way to save money while shopping. With the Spree Credit Card, you can earn cashback on all your purchases, which can be redeemed for statement credits or other rewards. The more you spend, the more cashback you can earn, making it a great way to get more for your money.
Maximising Online Spend Benefits
One of the best things about the Spree Credit Card is that it offers great benefits for online spending. You can earn up to 3% cashback on all your online transactions in foreign currency and vPost spend, which can help you save money on your online shopping. If you’re someone who does a lot of online shopping, this card is definitely worth considering.
Shipping and Foreign Currency Perks
In addition to its online spending benefits, the Spree Credit Card also offers great perks for shipping and foreign currency transactions. You can get 10% off selected SingPost services and purchases, as well as 30% off shipping fees for standard air shipments to Singapore with vPost. If you frequently make purchases from overseas, this card can help you save money on shipping and foreign currency fees.
Overall, the Spree Credit Card from Standard Chartered Singapore is a great option for anyone looking to earn cashback on their online spending. With its generous rewards program and great perks, it’s definitely worth considering if you want to get more for your money.
Eligibility and Application
If you’re looking for a credit card that offers cashback for your retail transactions, the Spree Credit Card from Standard Chartered Singapore might just be the one for you. Here’s what you need to know about eligibility and application.
Criteria for Singapore Citizens and PRs
To be eligible for the Spree Credit Card, you must be a Singapore citizen or permanent resident (PR) and be at least 21 years old. You must also have a minimum annual income of $30,000 if you’re a Singaporean or PR. Additionally, you’ll need to provide your NRIC and income documents when you apply.
Applying as a Foreigner
Foreigners who are interested in the Spree Credit Card must have a valid employment pass and earn a minimum annual income of $60,000. You’ll also need to provide your passport and employment pass when you apply.
When you apply for the Spree Credit Card, you can choose to apply online or in-person at a Standard Chartered branch. The application process is straightforward and can be completed in a few steps. Once your application is approved, you’ll receive your Spree Credit Card in the mail within a few days.
Overall, the Spree Credit Card is a great option for those looking to earn cashback on their retail transactions. As long as you meet the eligibility criteria and provide the necessary documents, you can apply for the Spree Credit Card and start earning cashback right away.
Fees and Charges Insight
When it comes to credit cards, it’s important to understand the fees and charges associated with them. Here’s a breakdown of the fees and charges associated with the Spree Card.
Annual Fee and Waivers
The Spree Card has an annual fee of $192.60. However, the good news is that the annual fee is waived for the first two years. Additionally, the annual fee is waived for the subsequent years if you spend a minimum of $6,000 per year on your Spree Card.
Understanding Overlimit and Conversion Fees
Overlimit fees are charged when you exceed your credit limit. The Spree Card has an overlimit fee of $40. However, it’s important to note that you can avoid this fee by setting up a credit limit alert to notify you when you’re approaching your limit.
Conversion fees are charged when you make transactions in foreign currencies. The Spree Card has a conversion fee of 1%. However, if you’re a frequent traveller or make a lot of online purchases in foreign currencies, you may want to consider getting a card with no foreign transaction fees.
In summary, the Spree Card has a relatively low annual fee and reasonable overlimit and conversion fees. However, it’s important to be aware of these fees and charges so that you can make informed decisions about how to use your card.
Managing Your Spree Card
Credit Limit and Supplementary Cards
When you receive your Spree card, you will be given a credit limit that is based on your income and credit history. This credit limit is the maximum amount that you can spend using your card. It’s important to keep in mind that exceeding your credit limit may result in additional fees and charges.
If you need a higher credit limit, you can request for an increase by contacting Standard Chartered. However, it’s important to remember that a higher credit limit also means a higher repayment amount. So, make sure you can afford to repay the additional amount before requesting for an increase.
You can also apply for a supplementary credit card for your family members. Supplementary cards share the same credit limit as the primary card and can be used for online and offline purchases. However, it’s important to note that the primary cardholder is responsible for all transactions made on the supplementary card.
Smart Spending and Savings
One of the benefits of using a Spree card is the cashback rewards. By using your card for online and offline purchases, you can earn up to 3% cashback on your spend. However, it’s important to use your card wisely to maximise your rewards.
One way to do this is by using the SmartPac service provided by SingPost. This service allows you to consolidate your online purchases into a single package, which can help you save on shipping fees. By using your Spree card to pay for the SmartPac service, you can earn cashback on your shipping fees as well.
Another way to maximise your rewards is by using your Spree card for all your online and offline purchases. This way, you can earn cashback on all your spend and save money in the long run. However, it’s important to make sure you can afford to repay your credit card bills in full and on time to avoid additional fees and charges.
Overall, managing your Spree card is easy and straightforward. By understanding your credit limit, using your card wisely and maximising your rewards, you can enjoy the benefits of cashback rewards while staying on top of your finances.
Additional Perks and Partnerships
As if the cashback rewards were not enough, the Spree Card also offers exclusive discounts with partner merchants. You can enjoy discounts of up to 50% off at various dining, shopping, and travel establishments. Some of the partner merchants include DBS Live Fresh, OCBC Frank, and Grab rides.
Exclusive Discounts with Partner Merchants
With your Spree Card, you can enjoy exclusive discounts at popular merchants across Singapore. For example, you can get 20% off your bill at selected restaurants and cafes, 10% off your shopping at selected retailers, and up to 50% off your travel bookings. You can view the full list of partner merchants and their respective discounts on the Standard Chartered website.
Rewards Beyond Cashback
In addition to cashback rewards, the Spree Card also offers rewards points for every dollar spent. These points can be redeemed for a variety of rewards, such as vouchers, merchandise, and even air miles. You can earn up to 10 rewards points for every dollar spent on contactless and mobile payments, and up to 5 rewards points for every dollar spent on all other transactions.
Furthermore, you can enjoy a range of other benefits, such as complimentary travel insurance, 24-hour concierge service, and exclusive access to events. With all these perks and benefits, the Spree Card is definitely worth considering if you are looking for a credit card that offers more than just cashback rewards.
Overall, the Spree Card is an excellent choice for anyone who wants to earn cashback rewards on their online and offline purchases. With its generous cashback rates, exclusive discounts with partner merchants, and rewards points program, the Spree Card is a great way to save money and earn rewards at the same time.
Frequently Asked Questions
What enthralling perks come with the Standard Chartered Spree Card?
The Standard Chartered Spree Card offers an array of delightful perks to enhance your spending experience. You can enjoy up to 3% cashback on all online spend in foreign currency and vPost spend, 2% cashback on all online spend in local currency, contactless and mobile payments, and 1% cashback on all other retail spend. Additionally, there are no minimum spend requirements to start earning cashback.
How can one delightfully maximise cashback with the Spree Card?
To maximise your cashback with the Spree Card, you can make use of the card’s various cashback rates for different types of spending. You can earn 3% cashback on all online spend in foreign currency and vPost spend, 2% cashback on all online spend in local currency, contactless and mobile payments, and 1% cashback on all other retail spend. By using the card for your daily spending, you can earn cashback on every transaction and accumulate rewards quickly.
What are the exhilarating cashback rates offered by the Spree Card?
The Spree Card offers some of the most exciting cashback rates in Singapore. You can earn up to 3% cashback on all online spend in foreign currency and vPost spend, 2% cashback on all online spend in local currency, contactless and mobile payments, and 1% cashback on all other retail spend. With these cashback rates, you can save money on your daily spending and enjoy more of life’s pleasures.
Is there a cap on the cashback one can earn with the Spree Card?
Yes, there is a cap on the cashback one can earn with the Spree Card. The maximum Spree Cashback awarded for any month is capped at $60 per Spree Card account, except for a month that begins on a date falling on or after 12 July 2021, where the maximum amount of Spree Cashback awarded for such a month is capped at $30 per Spree Card account. However, this cap is still generous and allows you to earn significant cashback rewards each month.
What transactions are joyfully excluded from Spree Card cashback?
The Spree Card offers cashback rewards on most types of spending, but there are some transactions that are excluded from cashback rewards. These include payments made to educational institutions, government institutions and services, insurance providers, and charitable and religious organizations. Additionally, any cash advances or balance transfers made using the Spree Card are not eligible for cashback rewards.
Are there any foreign transaction fees on the Spree Card for overseas splurges?
No, there are no foreign transaction fees on the Spree Card for overseas splurges. This means that you can use the card to make purchases overseas without incurring any additional fees. With the Spree Card, you can enjoy hassle-free overseas spending and earn cashback rewards at the same time.