Looking for a credit card that offers fuss-free cashback? The Standard Chartered Simply Cash Credit Card might just be what you need. This credit card is designed to offer you a seamless cashback experience with no minimum spending requirements or cashback caps.
With the Standard Chartered Simply Cash Credit Card, you can earn up to 1.5% cashback on all spending, making it an excellent option for anyone looking to maximise their rewards from their monthly budget. You can also enjoy additional benefits such as Caltex petrol, dining, and shopping promotions, making it an all-rounded card for individuals in Singapore who prefer a fuss-free cashback credit card.
Key Takeaways
- The Standard Chartered Simply Cash Credit Card offers up to 1.5% cashback on all spending with no minimum spending requirements or cashback caps.
- Additional benefits such as Caltex petrol, dining, and shopping promotions make it an all-rounded card for individuals in Singapore who prefer a fuss-free cashback credit card.
- With an annual fee of S$194.40, waived for two years, and an income requirement of S$30,000 for citizens and PRs, and S$60,000 for foreigners, the Standard Chartered Simply Cash Credit Card is an excellent option for affluent commuters looking for a credit card with excellent rewards.
Key Features and Benefits
The Standard Chartered Simply Cash Credit Card is a fuss-free credit card that offers a wide range of benefits, from unlimited cashback to dining discounts and petrol savings. Here are some of the key features and benefits that make this card a great choice for Singaporeans:
Unlimited Cashback and No Cap
With the Standard Chartered Simply Cash Credit Card, you can enjoy unlimited cashback on all your spending, with no minimum spend required and no cap on the amount of cashback you can earn. This means that you can earn cashback on everything from your daily groceries to your big-ticket purchases, without having to worry about any restrictions or limitations.
Sign-Up Bonus and Promotions
As a new cardholder, you can enjoy a range of sign-up bonuses and promotions when you apply for the Standard Chartered Simply Cash Credit Card. For example, you can enjoy up to $120 cashback when you apply for the card online, or receive a free Samsonite luggage when you spend a minimum of $2,000 within the first 60 days of card approval.
Dining and Shopping Rewards
The Standard Chartered Simply Cash Credit Card also offers a range of dining and shopping rewards, including discounts at popular restaurants and retailers. For example, you can enjoy up to 15% off your total bill at participating restaurants, or receive up to 20% off your purchases at selected retail outlets.
Petrol and Transport Benefits
If you’re a driver, you’ll appreciate the petrol and transport benefits that come with the Standard Chartered Simply Cash Credit Card. For example, you can enjoy up to 21% off your petrol purchases at Caltex, or receive a 15% discount on your ComfortDelGro taxi rides when you pay with your card.
Online and Overseas Expenditure
The Standard Chartered Simply Cash Credit Card is also a great choice for online and overseas expenditure, with no foreign currency transaction fees and cashback on all your spending. This means that you can shop online or travel overseas without having to worry about any additional fees or charges, while earning cashback on all your purchases.
Insurance and Protection Services
Finally, the Standard Chartered Simply Cash Credit Card also offers a range of insurance and protection services, including travel insurance and purchase protection. This means that you can travel with peace of mind, knowing that you’re covered for any unexpected events, or enjoy extra protection for your purchases in case of loss or damage.
Overall, the Standard Chartered Simply Cash Credit Card is a great choice for anyone looking for a simple and rewarding credit card in Singapore. With its unlimited cashback, dining and shopping rewards, petrol and transport benefits, and insurance and protection services, this card has something to offer for everyone.
Fees and Charges
If you’re looking for a credit card that won’t break the bank, the Standard Chartered Simply Cash Credit Card may be the perfect choice for you. With a range of fees and charges that are competitive with other credit cards in Singapore, you can enjoy the benefits of cashback rewards without worrying about high costs.
Annual Fee and Waivers
The Standard Chartered Simply Cash Credit Card has an annual fee of S$192.60, which is waived for the first 2 years. After that, you can enjoy a waiver of the annual fee if you spend at least S$6,000 per year on the card. This makes it easier for you to enjoy the benefits of the card without worrying about additional fees.
Interest Rates and Charges
The effective interest rate (EIR) for the Standard Chartered Simply Cash Credit Card is 26.9% per annum. This is on par with other credit cards in Singapore, and is a reasonable rate considering the cashback rewards that you can earn.
Foreign Transaction and Cash Advance Fees
If you use your Standard Chartered Simply Cash Credit Card for foreign transactions, you will be charged a fee of 2.5% of the transaction amount. This is a standard fee for credit cards in Singapore, and is something to keep in mind if you plan on using the card while travelling.
If you need to make a cash advance using your credit card, you will be charged a fee of 6% of the transaction amount or S$15, whichever is higher. This is a higher fee than some other credit cards in Singapore, so it’s best to avoid cash advances if possible.
Overall, the fees and charges for the Standard Chartered Simply Cash Credit Card are reasonable and competitive with other credit cards in Singapore. With a waiver of the annual fee for the first 2 years and a low EIR, this card is a great choice for anyone looking for a fuss-free cashback credit card.
Eligibility and Application
If you’re interested in applying for the Standard Chartered Simply Cash Credit Card, there are a few things you should know about eligibility and the application process.
Income Requirements
To be eligible for the Standard Chartered Simply Cash Credit Card, you must meet the minimum income requirement of S$30,000 per annum. However, if you’re a foreigner living in Singapore, you’ll need to have a minimum income of S$60,000 per annum.
Credit Limit and Minimum Spend
Once you’re approved for the Standard Chartered Simply Cash Credit Card, you’ll be assigned a credit limit based on your income and credit history. The minimum credit limit is S$1,000, and the maximum credit limit is four times your monthly income.
In terms of minimum spend, there is no minimum spend requirement for the Standard Chartered Simply Cash Credit Card. This means that you can use your card for as little or as much as you like without worrying about meeting a minimum spend threshold.
To apply for the Standard Chartered Simply Cash Credit Card, you can visit the official Standard Chartered website and fill out an online application form. You’ll need to provide some basic personal and financial information, as well as supporting documents such as your NRIC or passport, income documents, and employment details.
Overall, the eligibility requirements and application process for the Standard Chartered Simply Cash Credit Card are straightforward and easy to navigate. If you meet the income requirements and are looking for a credit card with no minimum spend requirement, the Standard Chartered Simply Cash Credit Card could be a good option for you.
Cashback and Rewards Mechanics
If you’re looking for a cashback credit card that offers straightforward rewards, the Standard Chartered Simply Cash Credit Card could be the one for you. Here’s a closer look at how the cashback and rewards mechanics work.
Understanding Cashback Calculations
With the Standard Chartered Simply Cash Credit Card, you can earn up to 1.5% cashback on all your spending. There’s no minimum spending requirement, and no cap on the amount of cashback you can earn. This means you can earn cashback on everything from your daily groceries to your monthly bills.
To understand how much cashback you’ll earn, simply multiply your total spending for the month by the cashback rate of 1.5%. For example, if you spend $1,000 in a month, you’ll earn $15 in cashback.
Exclusions and Spending Categories
While the Standard Chartered Simply Cash Credit Card offers generous cashback rewards, there are some exclusions to keep in mind. You won’t earn cashback on certain types of transactions, such as cash advances, balance transfers, and fees and charges. Additionally, some spending categories may be excluded from earning cashback.
It’s important to note that the Standard Chartered Simply Cash Credit Card doesn’t have any minimum spending requirements, which means you can earn cashback on all your spending, no matter how small.
In summary, the Standard Chartered Simply Cash Credit Card offers a fuss-free way to earn cashback on all your spending, with no minimum spending requirements and no cap on the amount of cashback you can earn. Just be aware of the exclusions and spending categories that may not be eligible for cashback.
Additional Card Features
Card Management and Payments
Managing your Standard Chartered Simply Cash Credit Card is easy with the bank’s online and mobile banking services. You can view your account balance and transaction history, pay your bills, and set up recurring bill payments with ease. You can also make payments through AXS, SAM, and iBanking.
In addition, you can enjoy the convenience of contactless payments with your Standard Chartered Simply Cash Credit Card. Simply tap your card on the terminal to pay for your purchases quickly and securely.
Exclusive Programmes and Partnerships
As a Standard Chartered Simply Cash Credit Cardholder, you can enjoy a range of exclusive programmes and partnerships. For example, you can enroll in The Good Life programme, which offers discounts and privileges on dining, shopping, and lifestyle activities. You can also enjoy discounts on petrol purchases at Caltex petrol stations.
Moreover, you can use SC EasyBill to pay your bills easily with your credit card. This service allows you to pay your bills online or through your mobile device, saving you time and hassle. You can also set up recurring payments for your bills, so you never miss a payment again.
In addition, you can enjoy Mastercard privileges, including discounts on travel, dining, and shopping. You can also use your card to access exclusive events and experiences, such as concerts, sports events, and more.
Overall, the Standard Chartered Simply Cash Credit Card offers a range of convenient features and exclusive benefits that can help you save time and money.
Comparison with Other Cards
Standard Chartered vs. American Express
When it comes to cashback credit cards, the Standard Chartered Simply Cash Credit Card and the American Express True Cashback Card are two of the most popular options in Singapore. Both cards offer unlimited cashback with no minimum spend requirement, making them ideal for those who want to earn cashback on all their purchases.
However, there are some key differences between the two cards. While the Standard Chartered Simply Cash Credit Card offers a flat 1.5% cashback on all spending, the American Express True Cashback Card offers a higher cashback rate of 3% for the first 6 months, followed by 1.5% thereafter. Additionally, the American Express True Cashback Card offers a welcome bonus of up to $160 for new cardholders, while the Standard Chartered Simply Cash Credit Card does not offer any welcome bonus.
Standard Chartered vs. UOB Cards
If you’re looking for a cashback credit card with a higher cashback rate, the UOB One Card and UOB Absolute Cashback Card are worth considering. The UOB One Card offers up to 5% cashback on all spending, but requires a minimum spend of $500 per month and has a cashback cap of $300 per quarter. The UOB Absolute Cashback Card, on the other hand, offers a flat 1.5% cashback with no minimum spend requirement and no cashback cap.
Compared to these cards, the Standard Chartered Simply Cash Credit Card offers a lower cashback rate but with no minimum spend requirement and no cashback cap. If you prefer a fuss-free card that rewards you for all your spending without any restrictions, the Standard Chartered Simply Cash Credit Card might be the better option for you.
Other Cards
If you’re looking for a cashback credit card with additional perks, the Citi Cash Back+ Mastercard and POSB Everyday Card are worth considering. The Citi Cash Back+ Mastercard offers up to 1.6% cashback on all spending, as well as discounts on dining and travel bookings. The POSB Everyday Card offers up to 6% cashback on dining, groceries, and online shopping, as well as discounts on petrol and health and wellness services.
However, these cards have minimum spend requirements and cashback caps, which means you’ll need to spend a certain amount each month to earn the maximum cashback. If you prefer a card that rewards you for all your spending without any restrictions, the Standard Chartered Simply Cash Credit Card might be the better option for you.
Final Thoughts
Congratulations! You have reached the end of our review of the Standard Chartered Simply Cash Credit Card. In summary, this card is a great option if you are looking for a fuss-free, easy-to-use cashback credit card. With no minimum spend requirements, it’s perfect for students and first jobbers. With no rebate cap, it’s great if you have a big-ticket expense coming up.
However, if you are looking for a card with more benefits and rewards, you might want to consider other alternatives such as the Unlimited Cashback Card from Standard Chartered or the Citi Cashback+ Mastercard. These cards offer more perks such as dining and travel discounts, and higher cashback rates in certain categories.
Overall, the Standard Chartered Simply Cash Credit Card is a solid choice for those who want a simple and straightforward cashback card. With its easy-to-understand rewards structure and no-fuss application process, it’s a great option for anyone who wants to earn cashback on their everyday spending.
So, if you’re ready to start earning cashback on your purchases, apply for the Standard Chartered Simply Cash Credit Card today!
Frequently Asked Questions
What tantalising benefits can one expect from the Standard Chartered Simply Cash Credit Card?
The Standard Chartered Simply Cash Credit Card offers up to 1.5% cashback on all spending, with no minimum spending requirements and no cashback cap. This means you can earn unlimited cashback on all your eligible purchases, making it ideal for those who want to maximise their savings on daily expenses.
How can one enjoy an annual fee waiver with the Simply Cash Credit Card?
You can enjoy an annual fee waiver for the first two years when you sign up for the Standard Chartered Simply Cash Credit Card. This means you can enjoy the benefits of the card without worrying about paying any annual fees.
Could you elucidate the cashback mechanism of the Simply Cash Credit Card?
The cashback mechanism of the Simply Cash Credit Card is straightforward. You earn cashback on all eligible purchases made with the card, and the cashback is automatically credited to your account on a monthly basis. There is no minimum spend required to earn cashback, and there is no cap on the amount of cashback you can earn.
Are there any particular exclusions to be aware of when using the Simply Cash Credit Card for cashback?
Yes, there are some exclusions to be aware of when using the Simply Cash Credit Card for cashback. Cash advances, balance transfers, and instalment payment plans are not eligible for cashback. In addition, any transaction that is subsequently cancelled or refunded will not be eligible for cashback.
What are the key terms and conditions that one should be mindful of for the Simply Cash Credit Card?
Some of the key terms and conditions that you should be mindful of for the Simply Cash Credit Card include the minimum income requirement of S$30,000 for citizens and PRs, and S$60,000 for foreigners. You should also be aware of the interest rate charges, which can be as high as 26.9% per annum for cash advances.
How swift is the approval process for the Standard Chartered Simply Cash Credit Card?
The approval process for the Standard Chartered Simply Cash Credit Card is generally swift, and you can expect to receive a response within a few working days. However, the approval process may take longer if additional information or documentation is required.
