If you’re looking for a credit card that offers cashback rewards in Singapore, the Standard Chartered Simply Cash Card is a great option to consider. This card offers a flat 1.5% cashback rate on all eligible transactions, with no minimum spend or cashback cap. Additionally, new cardholders can earn up to S$350 cash or 4,500 SmartPoints when they meet the minimum spend requirement within the first month of approval.
One of the key features of the Standard Chartered Simply Cash Card is its simplicity. Unlike other cashback credit cards that may have varying cashback rates based on spending categories or require a minimum spend to qualify for rewards, this card offers a straightforward 1.5% cashback on all eligible transactions. This makes it easy to earn cashback rewards on your everyday purchases without having to keep track of spending categories or meet complicated requirements.
To apply for the Standard Chartered Simply Cash Card, you’ll need to meet certain financial prerequisites and go through the application process. Once approved, you can start using your card to earn cashback rewards. To maximize your rewards and cashback, it’s important to understand the fees and charges associated with the card, as well as any exclusions or limitations that may apply. By using your card responsibly and staying on top of your spending, you can make the most of the rewards and benefits offered by the Standard Chartered Simply Cash Card.
Key Takeaways
- The Standard Chartered Simply Cash Card offers a flat 1.5% cashback rate on all eligible transactions with no minimum spend or cashback cap.
- To apply for the card, you’ll need to meet certain financial prerequisites and go through the application process.
- To maximize your rewards and cashback, it’s important to understand the fees and charges associated with the card, as well as any exclusions or limitations that may apply.
Key Features of Standard Chartered Simply Cash Card
If you’re looking for a cashback credit card that rewards you for everyday spending, then the Standard Chartered Simply Cash Card is worth considering. Here are some of the key features of this credit card:
Unlimited Cashback and No Minimum Spend
One of the best things about the Standard Chartered Simply Cash Card is that it offers unlimited cashback on all your spending. This means that you can earn cashback on all your transactions, regardless of how much you spend. Moreover, there is no minimum spend requirement, so you can earn cashback even on small purchases.
Dining and Food Delivery Perks
The Standard Chartered Simply Cash Card also offers dining and food delivery perks. You can enjoy up to 15% off at selected restaurants, and up to 10% off on food delivery services. This makes it a great card for foodies who love to eat out or order in.
Transportation Benefits with SimplyGo
If you’re a frequent user of public transport, then the Standard Chartered Simply Cash Card can save you money on your daily commute. You can use the card with SimplyGo to pay for your bus and train rides, and enjoy up to 15% cashback on your transportation spending. This makes it a great card for those who rely on public transport to get around.
Overall, the Standard Chartered Simply Cash Card is a great option for those who want a fuss-free cashback credit card. With unlimited cashback, no minimum spend requirement, and dining and transportation perks, it’s a card that can help you save money on your everyday spending.
Financial Prerequisites and Application Process
If you are interested in applying for a Standard Chartered cashback credit card in Singapore, there are a few financial prerequisites that you should be aware of. Additionally, the application process can be completed online, which is convenient for those who prefer to manage their finances digitally.
Income Requirement for Singaporeans and Foreigners
To be eligible for a Standard Chartered cashback credit card in Singapore, you must meet the bank’s income requirement. For Singaporeans and Permanent Residents, the minimum annual income required is $30,000. For foreigners, the minimum annual income required is $60,000.
Online Application Steps
The application process for a Standard Chartered cashback credit card can be completed entirely online. Here are the steps you should follow:
- Visit the Standard Chartered website and navigate to the credit card section.
- Browse through the available cashback credit cards and select the one that best suits your needs.
- Click on the “Apply Now” button to begin your application.
- Fill out the online form with your personal and financial information. You will also need to provide supporting documents, such as your identification card and income statements.
- Submit your application and wait for a response from Standard Chartered.
If your application is approved, you will receive your cashback credit card in the mail within a few business days. Once you have your card, you can activate it online and start using it to earn cashback on your purchases.
Overall, the process of applying for a Standard Chartered cashback credit card in Singapore is straightforward and can be completed entirely online. As long as you meet the bank’s income requirement and have the necessary supporting documents, you should be able to apply with ease.
Maximising Rewards and Cashback
If you are looking to maximise your rewards and cashback with your Standard Chartered Cash Back Credit Card, there are a few strategies you can use. By following these tips, you can earn more cashback and rewards on your everyday spending.
Strategic Spending for Higher Rebates
One way to maximise your cashback is to strategically plan your spending. By focusing on categories that offer higher rebates, you can earn more cashback on your purchases. For example, if you spend a lot on groceries, you can use your Standard Chartered Cash Back Credit Card to earn cashback on your grocery purchases. Similarly, if you frequently shop at retail stores, you can use your card to earn cashback on your retail purchases.
Another way to maximise your cashback is to take advantage of promotions and offers. Standard Chartered often offers promotions that allow you to earn extra cashback on certain purchases. By keeping an eye on these promotions, you can earn more cashback on your spending.
Monthly Spend Categorisation
To ensure you are getting the most out of your Standard Chartered Cash Back Credit Card, it is important to categorise your monthly spend. This will help you understand where you are spending the most money and which categories offer the most cashback.
For example, if you spend a lot on local purchases, you can focus on using your Standard Chartered Cash Back Credit Card for local spending to earn cashback on those purchases. Similarly, if you frequently travel overseas, you can use your card to earn cashback on your overseas spending.
By categorising your monthly spend, you can identify areas where you can earn more cashback and rewards. This will help you maximise your rewards and cashback with your Standard Chartered Cash Back Credit Card.
Remember, the key to maximising your rewards and cashback is to use your Standard Chartered Cash Back Credit Card strategically. By focusing on categories that offer higher rebates and categorising your monthly spend, you can earn more cashback and rewards on your everyday spending.
Understanding Fees and Charges
When it comes to choosing the right cashback credit card, it’s important to understand the fees and charges that come with it. The Standard Chartered Simply Cash Credit Card is no exception. Here’s what you need to know:
Annual Fee and Waivers
The Standard Chartered Simply Cash Credit Card comes with an annual fee of $192.60 (including 7% GST) per year. However, the good news is that the annual fee is waived for the first year. Additionally, if you spend a minimum of $6,000 per year, the annual fee will be waived for subsequent years.
Interest Rates and Late Payment Charges
The interest rate for the Standard Chartered Simply Cash Credit Card is 26.9% per annum. It’s important to note that if you do not pay your balance in full by the due date, interest will be charged on the outstanding balance. It’s best to pay your balance in full each month to avoid interest charges.
Late payment charges are also applicable if you miss your payment due date. The late payment charge is $80. It’s important to make sure you pay your bills on time to avoid late payment charges.
Overall, the Standard Chartered Simply Cash Credit Card is a great option for those looking for a cashback credit card. While there are fees and charges associated with the card, they can be avoided with responsible usage.
Exclusions and Limitations
When you sign up for the Standard Chartered cashback credit card in Singapore, there are a few exclusions and limitations you should be aware of. These limitations are in place to ensure that the cashback rewards programme is sustainable and fair for all cardholders.
Non-Eligible Transactions
Not all transactions are eligible for cashback rewards. For example, cash advances, tax payments, and AXS or ATM transactions are not eligible for cashback rewards. It is important to note that any transactions that are reversed or refunded will not be eligible for cashback rewards either.
Credit Limit Considerations
It is important to keep in mind that your credit limit will impact the amount of cashback rewards you can earn. If you exceed your credit limit, you will not be eligible for cashback rewards. Additionally, if you make any late payments or miss any payments, you may be subject to fees and charges that could impact your ability to earn cashback rewards.
To ensure that you are able to earn the maximum amount of cashback rewards possible, it is important to use your credit card responsibly and stay within your credit limit. Additionally, you should always make your payments on time to avoid any fees or charges that could impact your ability to earn cashback rewards.
Overall, the Standard Chartered cashback credit card in Singapore is a great option for anyone looking to earn cashback rewards on their everyday spending. However, it is important to keep in mind the exclusions and limitations that come with the card to ensure that you are able to earn the maximum amount of rewards possible.
Frequently Asked Questions
What are the top benefits of using the Standard Chartered Unlimited Cashback card?
The Standard Chartered Unlimited Cashback card is a great way to earn cashback on your everyday spending. With no minimum spend and no cap on cashback, you can earn cashback on everything you buy. Plus, you can enjoy exclusive discounts and promotions on dining, shopping, and travel.
How can one maximise cashback with a Standard Chartered Smart Credit Card?
To maximise your cashback with a Standard Chartered Smart Credit Card, you should use your card for all your everyday spending. This includes your groceries, petrol, dining, and entertainment. You can also earn extra cashback by using your card for online shopping and bill payments.
What’s the process for redeeming cashback on a Standard Chartered credit card?
Redeeming cashback on a Standard Chartered credit card is easy. You can redeem your cashback through the Standard Chartered mobile app or online banking portal. You can choose to redeem your cashback as a statement credit, a cheque, or as a donation to a charity of your choice.
Are there any annual fee waivers available for the Standard Chartered Simply Cash Credit Card?
Yes, there are annual fee waivers available for the Standard Chartered Simply Cash Credit Card. If you spend a minimum of $6,000 per year on your card, the annual fee will be waived for the following year.
What exclusions apply to the Standard Chartered Unlimited Cashback card’s cashback programme?
The Standard Chartered Unlimited Cashback card’s cashback programme does not apply to cash advances, balance transfers, and any fees and charges. Additionally, some merchants may not be eligible for cashback, so it’s important to check the terms and conditions.
How do customer reviews rate the Standard Chartered Simply Cash Credit Card?
Customers have given the Standard Chartered Simply Cash Credit Card positive reviews for its unlimited cashback programme and the ease of redeeming cashback. The card is also praised for its simplicity and lack of complicated rewards programmes.