If you’re looking for a credit card that rewards you for your online and contactless spending, the Spree Cashback Card from Standard Chartered might be the perfect fit. With cashback rewards of up to 3% on online spending and 2% on contactless payments, this card is designed to help you make the most of your money. In this article, we’ll take a closer look at the Spree Cashback Card and review its key features, eligibility criteria, and application process.
The Spree Cashback Card is a popular choice among Singaporean consumers because of its generous cashback rewards and flexible redemption options. In addition to earning cashback on your online and contactless spending, you can also enjoy discounts and privileges at selected merchants and dining establishments. Whether you’re a frequent online shopper or a savvy contactless spender, the Spree Cashback Card is a great way to stretch your dollar further.
So, if you’re ready to start earning cashback on your spending, let’s dive into our review of the Spree Cashback Card and see if it’s the right choice for you.
Key Features of the Spree Cashback Card
If you’re looking for a credit card that offers great cashback rewards without any minimum spending requirement, the Spree Cashback Card from Standard Chartered is definitely worth considering. Here are some of the key features of this card that make it stand out:
Unlimited Cashback Potential
One of the best things about the Spree Cashback Card is that there’s no cap on the amount of cashback you can earn. This means that the more you spend, the more you can earn in cashback rewards. With 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, you can earn cashback rewards on virtually every purchase you make.
No Minimum Spend Requirement
Unlike some other cashback credit cards that require you to spend a certain amount of money before you can start earning cashback rewards, the Spree Cashback Card has no minimum spending requirement. This means that you can earn cashback rewards on every purchase you make, no matter how small.
With the Spree Cashback Card, you can enjoy great cashback rewards on all your purchases, without any minimum spending requirement. So whether you’re shopping online or in-store, you can earn cashback rewards on every purchase you make.
Eligibility and Application Process
If you’re interested in applying for the Standard Chartered Spree Credit Card, there are a few eligibility criteria you must meet. Here’s what you need to know:
Income Requirement
To be eligible for the Standard Chartered Spree Credit Card, you must be between the ages of 21 and 65 years old. Additionally, you must meet the minimum annual income requirements. For Singapore citizens and PRs, the minimum annual income requirement is S$30,000. For foreigners, the minimum annual income requirement is S$60,000.
Required Documents
When you apply for the Standard Chartered Spree Credit Card, you will need to provide the following documents:
- A copy of your NRIC (for Singapore citizens and PRs) or passport (for foreigners)
- Proof of income, such as your latest computerised payslip or your latest income tax notice of assessment
Once you have gathered these documents, you can apply for the Standard Chartered Spree Credit Card online or in person at a Standard Chartered branch.
Overall, the Standard Chartered Spree Credit Card is a great option for those looking to earn cashback on their online and retail spending. With its straightforward eligibility criteria and easy application process, it’s definitely worth considering if you’re in the market for a new credit card.
Benefits for Online and Contactless Payments
If you’re someone who frequently makes online transactions, the Standard Chartered Spree Card is an excellent option for you. With this card, you can earn up to 3% cashback on all online spends in foreign currency and vPost spends. Additionally, you can earn 2% cashback on all online spends in local currency, contactless and mobile payments.
Maximising Online Transactions
The Standard Chartered Spree Card is ideal for those who love shopping online. You can earn 2% cashback on all online spends in local currency, contactless and mobile payments. This means that you can earn cashback on your online shopping from popular websites such as Amazon, Google, and more.
Moreover, the Spree Card allows you to earn 3% cashback on all online spends in foreign currency and vPost spends. This feature is beneficial for those who frequently shop from international websites. With the Spree Card, you can save more while shopping online.
Foreign Currency Advantages
The Standard Chartered Spree Card provides you with the opportunity to earn cashback on foreign currency transactions. You can earn 3% cashback on all online spends in foreign currency and vPost spends. However, it’s important to note that foreign currency transactions will incur admin and transaction fees. So, you’re essentially breaking even.
Overall, the Standard Chartered Spree Card is an excellent option for those who frequently make online transactions and contactless payments. With its various cashback benefits, you can save more while spending.
Additional Perks and Partnerships
As mentioned earlier, the Standard Chartered Spree Credit Card provides a wide range of benefits and cashback rewards. In addition to the cashback rewards, the card also offers some additional perks and partnerships that make it a great choice for those who love to shop online and offline.
SingPost and SmartPac Deals
One of the most significant perks of the Standard Chartered Spree Credit Card is the partnership with SingPost and SmartPac. With this partnership, you can enjoy exclusive deals and discounts on SingPost services, including SmartPac purchases. This means that you can save money on your online shopping and shipping needs while earning cashback rewards with your Spree Credit Card.
Lock+Store Storage Solutions
Another great partnership that comes with the Standard Chartered Spree Credit Card is with Lock+Store. With this partnership, you can enjoy discounts on storage solutions at Lock+Store facilities across Singapore. This is a great perk for those who need extra storage space for their online shopping purchases or other belongings.
Overall, the Standard Chartered Spree Credit Card offers some excellent additional perks and partnerships that make it a great choice for those who love to shop online and offline. Whether you’re looking for exclusive deals on SingPost services or discounts on storage solutions at Lock+Store facilities, the Spree Credit Card has got you covered. So, if you’re looking for a cashback credit card that offers more than just cashback rewards, the Standard Chartered Spree Credit Card is definitely worth considering.
Understanding Fees and Charges
The Standard Chartered Spree Card comes with an annual fee of £100, which is waived for the first two years. This means that you can enjoy the benefits of the Spree Card without having to pay any annual fees for the first two years. After that, you will be charged an annual fee of £100.
Annual Fee Waiver
The annual fee waiver is a great benefit for those who are looking to save money on their credit card fees. With the Spree Card, you can enjoy the benefits of the card without having to pay any annual fees for the first two years. This is a great way to save money and get the most out of your Spree Card.
Other Potential Costs
Aside from the annual fee, there are other potential costs that you should be aware of when using the Spree Card. One of these costs is the overlimit fee, which is £40. This fee is charged when the total outstanding card balance exceeds your credit limit.
Another potential cost is the late payment charge, which is £80. This fee is charged when you fail to make your minimum monthly payment on time. The minimum monthly payment is 1% of your current balance or £50, whichever is higher, plus any overdue amounts.
It is important to be aware of these potential costs when using the Spree Card. By being aware of these costs, you can avoid them and save money on your credit card fees.
Frequently Asked Questions
What are the exciting benefits of using a Standard Chartered Spree Card?
The Standard Chartered Spree Card offers a range of exciting benefits that make it an excellent choice for anyone looking to earn cashback on their spending. These benefits include up to 3% cashback on all online spending in foreign currency, 3% cashback on all vPost spending, and 2% cashback on all online spending in local currency. Additionally, you can enjoy The Good Life privileges, which offer discounts on dining, shopping, and more.
How can I maximise my cashback with the Spree Card?
To maximise your cashback with the Spree Card, you should use it for all your online and offline shopping. You can also earn cashback when you choose to ship via vPost. Additionally, you should keep an eye out for promotions and offers that can help you earn even more cashback.
Are there any particular exclusions to be aware of when earning cashback on the Spree Card?
Yes, there are some exclusions to be aware of when earning cashback on the Spree Card. These include cash advances, balance transfers, and any fees or charges that are incurred on the card. Additionally, cashback is not earned on any transactions that are subsequently cancelled or refunded.
Could you explain the terms and conditions for cashback on the Spree Card?
To earn cashback on the Spree Card, you must meet the minimum spend requirement of $500 per month. Cashback is capped at $30 per statement month, and any excess spending will not earn cashback. Cashback is credited to your card account within 60 days of the statement date.
What is the cashback cap on the Spree Card and how does it affect my spending?
The cashback cap on the Spree Card is $30 per statement month. This means that any spending above $1,000 per month will not earn cashback. To maximise your cashback, you should aim to spend $1,000 or less per month on your Spree Card.
Where is the Spree Card accepted, and can I use it internationally?
The Spree Card is accepted at all merchants that accept Mastercard, both in Singapore and internationally. You can use it to make purchases online and offline, as well as to withdraw cash from ATMs. However, please note that cash withdrawals will not earn cashback.