If you’re looking for a credit card that offers cashback on all spending, the Standard Chartered Simply Cash Credit Card might be the perfect fit for you. This card is designed to be fuss-free, with no minimum spending requirements and no cashback cap. You can earn up to 1.5% cashback on all spending, making it a great option for those who want to earn rewards without having to keep track of different categories.
One of the key benefits of the Standard Chartered Simply Cash Credit Card is that it offers unlimited cashback on all spending. This means that you can earn rewards no matter where you use your card, whether it’s for groceries, dining out, or online shopping. The card also comes with a range of other benefits, including exclusive discounts and promotions at select merchants.
To be eligible for the Standard Chartered Simply Cash Credit Card, you’ll need to meet certain income requirements and other criteria. However, if you’re approved for the card, you’ll enjoy a range of perks and benefits that can help you save money and earn rewards on your everyday spending.
Key Takeaways
- The Standard Chartered Simply Cash Credit Card offers unlimited cashback on all spending, with no minimum spending requirements or cashback cap.
- To be eligible for the card, you’ll need to meet certain income requirements and other criteria.
- The card comes with a range of other benefits, including exclusive discounts and promotions at select merchants.
Key Features and Benefits
If you are looking for a credit card that offers unlimited cashback, the Standard Chartered Simply Cash Credit Card is the perfect choice for you. Here are some of the key features and benefits of the card:
Unlimited Cashback
With the Standard Chartered Simply Cash Credit Card, you can enjoy unlimited cashback on all your spending. This means that you can earn cashback on every transaction you make, without any cap or limit. What’s more, the cashback is automatically credited to your account every month, so you don’t have to worry about redeeming any points or vouchers.
No Cashback Cap
Unlike other credit cards that impose a cap on the amount of cashback you can earn, the Standard Chartered Simply Cash Credit Card has no cashback cap. This means that you can earn as much cashback as you want, regardless of how much you spend. Whether you are shopping for groceries, dining out, or booking a holiday, you can earn cashback on all your spending.
Annual Fee Waived
One of the best things about the Standard Chartered Simply Cash Credit Card is that the annual fee is waived for the first year. This means that you can enjoy all the benefits of the card without having to pay any annual fee. What’s more, if you spend a minimum of $6,000 in the first year, the annual fee will be waived for the second year as well.
In summary, the Standard Chartered Simply Cash Credit Card is an excellent choice for anyone who wants to earn unlimited cashback without any cap or limit. With the annual fee waived for the first year and no minimum spend required, this card is a great way to save money on your everyday spending.
Eligibility and Income Requirements
If you are interested in applying for the Standard Chartered Simply Cash Credit Card, there are certain eligibility requirements that you must meet. Here’s what you need to know:
Income Requirement for Singaporeans and PRs
To apply for the Standard Chartered Simply Cash Credit Card, you must have an annual income of at least $30,000 if you are a Singaporean or a Permanent Resident. This is a relatively low income requirement compared to other credit cards in Singapore, making it accessible for many people.
Income Requirement for Foreigners
If you are a foreigner, you must have an annual income of at least $60,000 to be eligible for the Standard Chartered Simply Cash Credit Card. This is a higher income requirement than for Singaporeans and PRs, but it is still relatively low compared to other credit cards in Singapore.
It’s important to note that these income requirements are just one factor that Standard Chartered considers when reviewing your application for the Simply Cash Credit Card. Other factors, such as your credit history and employment status, will also be taken into account.
Overall, if you meet the income requirements and other eligibility criteria, the Standard Chartered Simply Cash Credit Card can be a great option for earning cashback on your everyday spending. With no minimum spend and no cap on cashback, it’s a fuss-free way to earn rewards on your purchases.
Fees and Charges
When it comes to credit cards, it’s important to know what fees and charges come with it. The Standard Chartered Simply Cash Credit Card has a range of fees and charges that you should be aware of before applying.
Foreign Currency Transaction Fee
If you’re planning on using your Standard Chartered Simply Cash Credit Card overseas, be aware that there is a foreign currency transaction fee of 3%. This fee is applied to any transactions made in a currency other than Singapore dollars. So, if you’re planning on travelling overseas, make sure you take this fee into account when budgeting for your trip.
Late Payment Fee
If you miss a payment on your Standard Chartered Simply Cash Credit Card, you’ll be charged a late payment fee of $100. This fee is applied to your account regardless of the outstanding balance. So, it’s important to make sure you pay your bill on time to avoid this fee.
Cash Advance Fee
If you need to withdraw cash using your Standard Chartered Simply Cash Credit Card, you’ll be charged a cash advance fee of 6% of the amount withdrawn or $15, whichever is greater. This fee is in addition to any interest charged on the cash advance amount.
Overlimit Fee
If you exceed your credit limit on your Standard Chartered Simply Cash Credit Card, you’ll be charged an overlimit fee of $40. This fee is applied to your account each time you exceed your credit limit.
Knowing the fees and charges associated with your credit card is an important part of managing your finances. By understanding these fees, you can avoid unnecessary charges and keep your credit card costs under control. So, before you apply for the Standard Chartered Simply Cash Credit Card, make sure you’re aware of these fees and charges.
Rewards and Exclusions
Education
If you’re a student or a parent with school-going children, you’ll appreciate the Standard Chartered Simply Cash Credit Card’s education rewards. You can earn up to 1.5% cashback on eligible education expenses, which include tuition fees and school-related expenses. This is a great way to save money on education expenses, especially if you have multiple children in school.
Rental Payment
Renting a home in Singapore can be expensive, but with the Standard Chartered Simply Cash Credit Card, you can earn cashback on your rental payments. You can earn up to 1.5% cashback on eligible rental payments, which can help you save money on your monthly rent. This is a great way to offset the costs of renting a home in Singapore.
Recurring Payments
If you have recurring payments, such as utilities bills, insurance premiums, or mobile phone bills, you can earn cashback on these expenses with the Standard Chartered Simply Cash Credit Card. You can earn up to 1.5% cashback on eligible recurring payments, which can help you save money on your monthly expenses. This is a great way to earn rewards on expenses you’re already paying for.
It’s important to note that there are exclusions to the rewards program. For example, cash advances, balance transfers, and annual fees are not eligible for cashback rewards. Additionally, any payments made to government institutions, such as taxes and fines, are also excluded from the rewards program.
Overall, the Standard Chartered Simply Cash Credit Card offers a great rewards program for everyday expenses, including education, rental payments, and recurring payments. However, it’s important to be aware of the exclusions to the rewards program to ensure you’re maximizing your rewards potential.
Comparing Cashback Cards
When it comes to cashback credit cards, there are many options available in Singapore. If you’re considering the Standard Chartered Simply Cash Credit Card, you might want to compare it to a few other popular cashback cards to see which one is right for you.
Amex True Cashback Card
The Amex True Cashback Card is a popular choice for those who want a high cashback rate. With this card, you can earn 1.5% cashback on all eligible purchases with no minimum spend. Plus, you can enjoy additional benefits such as travel insurance and discounts at selected merchants.
UOB One Card
The UOB One Card is another popular cashback card in Singapore. With this card, you can earn up to 5% cashback on all eligible spend when you meet certain criteria, such as spending at least $500 per month for three consecutive months. However, the cashback rate drops to 3.33% if you don’t meet the criteria.
POSB Everyday Card
The POSB Everyday Card is a great option for those who want to earn cashback on everyday expenses such as groceries and petrol. With this card, you can earn up to 6% cashback on groceries and 5% cashback on petrol at selected merchants. Plus, you can earn 1% cashback on all other eligible spend.
When comparing these cards to the Standard Chartered Simply Cash Credit Card, it’s important to consider the cashback rate, the minimum spend required, and any additional benefits offered. While the Amex True Cashback Card offers a higher cashback rate, the Standard Chartered Simply Cash Credit Card has no minimum spend requirement, making it a good option for those who don’t want to worry about meeting a certain spending threshold. The UOB One Card offers a high cashback rate but requires you to meet certain criteria, while the POSB Everyday Card offers cashback on specific categories.
Ultimately, the best cashback card for you will depend on your spending habits and preferences. Be sure to compare your options carefully to find the card that will give you the most value for your money.
Frequently Asked Questions
What are the exciting benefits of the Standard Chartered Simply Cash Credit Card?
With the Standard Chartered Simply Cash Credit Card, you can earn unlimited cashback at a flat 1.5% rebate rate on all your spends. There is no minimum spend required, and there is no cap on cashback. Additionally, you can enjoy exclusive dining, shopping, and petrol promotions that make this an all-rounded card for individuals in Singapore who prefer a fuss-free cashback credit card.
How can one obtain an annual fee waiver for the Simply Cash Credit Card?
To enjoy an annual fee waiver for the first year, you must be a new Standard Chartered principal cardholder. For subsequent years, you can enjoy an annual fee waiver if you spend a minimum of $6,000 per year on your Simply Cash Credit Card.
What is the cashback rate offered by the Simply Cash Credit Card?
The Simply Cash Credit Card offers a flat 1.5% cashback rate on all your spends.
Are there any minimum spending requirements to earn rewards with the Simply Cash Credit Card?
No, there are no minimum spending requirements to earn rewards with the Simply Cash Credit Card. You can earn cashback on all your spends, regardless of the amount.
How does the Simply Cash Credit Card compare to the Smart Credit Card in terms of advantages?
The Simply Cash Credit Card offers unlimited cashback at a flat 1.5% rebate rate on all your spends, while the Smart Credit Card offers cashback on specific categories such as groceries, dining, and online shopping. The Simply Cash Credit Card is ideal for individuals who prefer a fuss-free cashback credit card, while the Smart Credit Card is ideal for individuals who want to earn higher cashback rates in specific categories.
What exclusions apply to the cashback and rewards programme of the Simply Cash Credit Card?
The cashback and rewards programme of the Simply Cash Credit Card does not apply to the following: cash advances, balance transfers, interest, fees, and charges. Additionally, the cashback and rewards programme may not apply to transactions made outside of Singapore or transactions made in foreign currency.