If you’re looking for a credit card that gives you cashback on all your purchases, the Standard Chartered Unlimited Cashback Credit Card might be just what you need. With this credit card, you’ll earn unlimited cashback on all your transactions, without any minimum spend or cashback cap. This means you can enjoy cashback on everything from your groceries to your travel expenses.
To apply for the Standard Chartered Unlimited Cashback Credit Card, you need to meet certain eligibility criteria. You must be at least 21 years old, have an annual income of at least S$30,000, and be a Singapore citizen or permanent resident. If you meet these requirements, you can apply online or visit a Standard Chartered branch to submit your application.
Once you have your Standard Chartered Unlimited Cashback Credit Card, you can start enjoying the benefits of unlimited cashback. However, it’s important to understand the fees and charges associated with the card, as well as how to use it responsibly. In this article, we’ll take you through everything you need to know about applying for and using the Standard Chartered Unlimited Cashback Credit Card.
Key Takeaways
- The Standard Chartered Unlimited Cashback Credit Card offers unlimited cashback on all your transactions.
- To apply for the card, you must meet certain eligibility criteria and can do so online or in person at a Standard Chartered branch.
- It’s important to understand the fees and charges associated with the card, as well as how to use it responsibly.
Eligibility Criteria
If you’re looking to apply for the Standard Chartered Unlimited Cashback Credit Card in Singapore, there are a few eligibility criteria that you need to meet. Here’s what you need to know:
Income Requirement
To be eligible for the Standard Chartered Unlimited Cashback Credit Card, you need to have a minimum annual income of S$30,000. This income requirement is relatively low compared to other credit cards in Singapore, making it a viable option for fresh graduates or those who are just starting out in their careers.
Age Requirement
To apply for the Standard Chartered Unlimited Cashback Credit Card, you need to be at least 21 years old. There is also a maximum age limit of 65 years old.
Residency Status
The Standard Chartered Unlimited Cashback Credit Card is available to both Singaporeans and foreigners who meet the eligibility criteria. However, if you’re a foreigner, you may need to provide additional documentation, such as proof of residency or employment in Singapore.
In summary, to be eligible for the Standard Chartered Unlimited Cashback Credit Card, you need to have a minimum annual income of S$30,000, be at least 21 years old, and meet the residency requirements if you’re a foreigner. If you meet these criteria, you can proceed with the application process and enjoy the benefits of this credit card.
Benefits of Unlimited Cashback
If you’re looking for a credit card that offers unlimited cashback, the Standard Chartered Unlimited Cashback Credit Card is a great option to consider. Here are some of the benefits you can enjoy with this card:
1.5% Cashback on All Spend
With the Standard Chartered Unlimited Cashback Credit Card, you can enjoy 1.5% cashback on all your eligible retail spends charged to the card. This means that you can earn cashback on everything from your groceries to your petrol purchases. Plus, there’s no minimum spend required to enjoy this benefit, so you can earn cashback no matter how much you spend.
No Cashback Caps
Unlike other credit cards that may limit the amount of cashback you can earn, the Standard Chartered Unlimited Cashback Credit Card has no cashback cap. This means that you can earn as much cashback as you want, without worrying about hitting a limit. So, whether you’re a big spender or a small spender, you can enjoy unlimited cashback with this card.
Additional Perks
In addition to unlimited cashback, the Standard Chartered Unlimited Cashback Credit Card also offers a range of other perks. For example, you can enjoy discounts and rewards at participating merchants, as well as exclusive dining and lifestyle privileges. Plus, you can earn bonus rewards points when you sign up for the card or refer a friend to apply.
Overall, the Standard Chartered Unlimited Cashback Credit Card is a great option for anyone looking to earn unlimited cashback on their purchases. With no cashback caps and a range of additional perks, this card is sure to provide you with the rewards and benefits you’re looking for.
Understanding the Fees
When applying for the Standard Chartered Unlimited Cashback Credit Card in Singapore, it is important to understand the fees associated with the card. Here are the key fees you need to know:
Annual Fee
The Standard Chartered Unlimited Cashback Credit Card has an annual fee of SGD 192.60 (inclusive of GST), which is waived for the first two years. This means that you won’t have to pay any annual fees for the first 24 months of owning the card. After that, you will be charged the annual fee on a yearly basis.
Foreign Transaction Fee
If you use your Standard Chartered Unlimited Cashback Credit Card for transactions made in foreign currencies, you will be charged a foreign transaction fee of 3% of the transaction amount. This fee is charged to cover the cost of converting the foreign currency into Singapore dollars.
Late Payment Charges
If you fail to make your minimum payment by the due date, you will be charged a late payment fee of SGD 80. This fee is charged to cover the cost of processing your late payment and to encourage you to make your payments on time.
In addition to the fees listed above, there may be other fees associated with the Standard Chartered Unlimited Cashback Credit Card. It is important to read the terms and conditions carefully to understand all of the fees and charges that may apply to your card.
Overall, the fees associated with the Standard Chartered Unlimited Cashback Credit Card are reasonable and in line with industry standards. By understanding these fees, you can make informed decisions about how to use your card and avoid unnecessary charges.
How to Apply
If you’re interested in getting the Standard Chartered Unlimited Cashback Credit Card, you’ll be pleased to know that the application process is straightforward and convenient. Here’s what you need to know to get started.
Online Application Process
The easiest way to apply for the Standard Chartered Unlimited Cashback Credit Card is online through the bank’s website. Simply visit the Standard Chartered Singapore website and click on the “Apply Now” button. You will be prompted to fill out an online application form, which should take no more than 10 minutes to complete.
Required Documents
Before you begin the application process, make sure you have the following documents on hand:
- NRIC or passport
- Income documents (e.g. payslips, tax assessment, etc.)
- Employment details (e.g. company name, job title, etc.)
If you’re self-employed, you’ll need to provide additional documentation, such as your latest Notice of Assessment and your business registration certificate.
Application Tracking
After you submit your application, you can track the status of your application online through the Standard Chartered Singapore website. Simply log in to your account and click on the “Track Application” button. You will be able to see whether your application has been approved or if any additional documentation is required.
Overall, applying for the Standard Chartered Unlimited Cashback Credit Card is a simple and convenient process. With just a few clicks, you can complete your application and be on your way to earning unlimited cashback on all your purchases.
Using Your Card Wisely
Congratulations on getting your Standard Chartered Unlimited Cashback Credit Card! Now that you have it, it’s important to use it wisely to maximise your savings. Here are some tips to help you get the most out of your card:
Understanding the Fine Print
Before you start using your card, it’s important to understand the terms and conditions of the card. Make sure you read the fine print and understand the eligible categories for cashback rewards. Some categories, such as bill payments, tax payments, insurance premiums, and top-ups or payment of funds to any prepaid cards or prepaid accounts, are excluded from earning cashback rewards.
Maximising Cashback Rewards
To maximise your cashback rewards, make sure you use your card for eligible categories such as dining, petrol, and shopping. You can earn up to 1.5% cashback on all spend, from beach holidays to buffet feasts, or even your new wardrobe.
You can also use your card for online shopping to earn cashback rewards. Many online retailers offer promotions and discounts when you pay with your credit card. Keep an eye out for these deals and take advantage of them to maximise your savings.
Managing Large Purchases
If you’re planning to make a large purchase, such as a new appliance or furniture, consider using your Standard Chartered Unlimited Cashback Credit Card to earn cashback rewards. However, make sure you can pay off the balance in full before the due date to avoid paying interest charges.
If you need to make a large purchase but can’t pay it off in full, consider using a 0% interest instalment plan. With this plan, you can spread out your payments over a period of time without paying interest charges. Keep in mind that there may be a processing fee for this service.
By understanding the fine print, maximising your cashback rewards, and managing large purchases wisely, you can make the most of your Standard Chartered Unlimited Cashback Credit Card and save money on your purchases.
Additional Features
Once you have applied for the Standard Chartered Unlimited Cashback Credit Card Singapore, you can take advantage of its additional features. These features are designed to make your life easier and more convenient.
Recurring Payments
With the Standard Chartered Unlimited Cashback Credit Card Singapore, you can set up recurring payments for bills and subscriptions. This means that you don’t have to worry about missing a payment or incurring late fees. You can set up recurring payments for utilities, phone bills, and more.
Auto Top-Up Services
The Standard Chartered Unlimited Cashback Credit Card Singapore also offers auto top-up services. This is a convenient way to ensure that you always have enough funds on your EZ-Link card, NETS FlashPay card, or other transport cards. You can set up auto top-up for a specific amount or a specific date. This means that you don’t have to worry about running out of funds when you’re on the go.
Overseas Usage
The Standard Chartered Unlimited Cashback Credit Card Singapore is also great for overseas usage. You can use your card to make purchases and withdraw cash at ATMs worldwide. Plus, you can enjoy exclusive offers and discounts at selected merchants overseas. So, whether you’re travelling for business or pleasure, you can enjoy peace of mind knowing that you have a reliable and convenient payment method.
In conclusion, the Standard Chartered Unlimited Cashback Credit Card Singapore offers a range of additional features that can make your life easier and more convenient. From recurring payments to auto top-up services and overseas usage, this card has everything you need to manage your finances with ease.
Exclusions and Limitations
Non-Eligible Spending Categories
While the Standard Chartered Unlimited Cashback Credit Card offers unlimited cashback on all spends, there are some categories that are not eligible for cashback. These categories include insurance premiums, tax payments, and top-ups to prepaid accounts.
It’s important to note that while the card offers cashback on all other categories, there is no cashback offered on these exclusions. Therefore, it’s advisable to use another payment method for these types of transactions.
Cashback Limitations
While the Standard Chartered Unlimited Cashback Credit Card does not have a minimum spend requirement, there are some cashback limitations to be aware of. For example, there is a cap on the amount of cashback that can be earned each month.
It’s important to note that the cashback is capped at a maximum of S$300 per month. Additionally, the cashback earned is credited to your account on a monthly basis.
Overall, while the Standard Chartered Unlimited Cashback Credit Card offers a great way to earn cashback on all your spends, it’s important to be aware of the exclusions and limitations. By understanding these limitations, you can make the most of your card and earn the maximum amount of cashback possible.
Frequently Asked Questions
What’s the excitement about the cashback on Standard Chartered’s Unlimited Card?
The Standard Chartered Unlimited Cashback Card is a popular choice among Singaporeans because it offers unlimited cashback on all your spends, with no minimum spend and no cashback cap. You can earn 1.5% cashback on all your transactions, making it a great way to save money on your everyday expenses.
How can one get their hands on the Standard Chartered Unlimited Cashback Card?
To apply for the Standard Chartered Unlimited Cashback Card, you need to be a Singaporean or Permanent Resident, aged 21 years or above, with an annual income of at least S$30,000. You can apply for the card online or visit any Standard Chartered branch in Singapore. The application process is simple and straightforward, and you can expect a response within a few working days.
What exclusions apply to the Standard Chartered Unlimited Cashback rewards?
There are a few exclusions to the Standard Chartered Unlimited Cashback rewards, such as cash advances, balance transfers, and any fees and charges. Additionally, any transactions made overseas or in foreign currency will be subject to a 1.5% foreign transaction fee.
Are there any particular terms I should be aware of when using the Unlimited Cashback Card?
Yes, there are a few terms and conditions you should be aware of when using the Standard Chartered Unlimited Cashback Card. For example, you need to make at least one transaction every six months to avoid account closure. Additionally, your cashback will be forfeited if your account is closed or terminated for any reason.
How does the Unlimited Cashback Card’s interest rate compare to others?
The Standard Chartered Unlimited Cashback Card has an interest rate of 26.9% p.a. This is slightly higher than some other credit cards in Singapore, but it’s important to note that the interest rate only applies if you carry a balance on your card. If you pay your balance in full every month, you won’t be charged any interest.
Can you use the Unlimited Cashback Card with mobile payment platforms like GrabPay?
Yes, you can use the Standard Chartered Unlimited Cashback Card with mobile payment platforms like GrabPay. This is a great way to earn cashback on your everyday expenses, such as transportation, food, and entertainment.
