Compare the Best Standard Chartered Credit Cards in Singapore 2018

Updated December 2018

Looking for the best Standard Chartered credit cards in Singapore? Compare and find your ideal card with MoneySmart’s easy-to-use credit card comparison tool.

Popular Standard Chartered Credit Cards

Standard Chartered Unlimited Cashback Credit Card
Standard Chartered Unlimited Cashback Credit Card

1.5%

Cash Back on All Spend with no cap

S$0

Min. Spend per month

Unlimited

Cash Back Cap

MoneySmart Exclusive: Free up to S$300 worth of Cash + Cashback + Amazon Prime Now Credit
  • Get 15% cashback with Grab
  • +1 more

Other Promotions

  • Up to 50% off dining at The Fullerton Hotel

Key Features

  • Get up to S$300 worth of Cash + Cashback + Amazon Prime Now Credit when you apply for SCB Unlimited Cashback via MoneySmart
  • Important – Go to MoneySmart Claim Form to submit your (1) Contact Details and (2) Application Reference Number on the Thank You Page upon completion on or before 31 Dec 2018 for your S$50 Cash Gift. Full T&Cs here
  • 1.5% cashback on eligible spend
  • No cashback cap and no minimum spend
  • 2 year annual card fee waiver

Annual Interest Rate and Fees

Annual Interest Rate25.90%
Principle Annual Fee$193
Supplementary Annual Fee0.0
Fee WaiverAvailable
Minimum Monthly Repayment1% or S$50, whichever is higher
Interest Free Period

Minimum Income Requirements

Singaporean$30,000
Foreigner$60,000

Other

Card AssociationMasterCard
Wireless PaymentMasterCard PayPass, Apple Pay, Samsung Pay, Google Pay
Standard Chartered Spree Credit Card
Standard Chartered Spree Credit Card

3%

Cash Back on Online Spends in Foreign Currency

S$60

Cash Back Cap per month

S$0

Min. Spend per month

MoneySmart Exclusive: Free up to S$300 worth of Cash + Cashback + Amazon Prime Now Credit
  • Get 15% cashback with Grab

Key Features

  • Get up to S$300 worth of Cash + Cashback + Amazon Prime Now Credit when you apply for SCB Spree Card via MoneySmart
  • Important – Go to MoneySmart Claim Form to submit your (1) Contact Details and (2) Application Reference Number on the Thank You Page upon completion on or before 31 Dec 2018 for your S$50 Cash Gift. Full T&Cs here
  • No minimum spend and up to S$60 cashback/month
  • 3% cashback on all online spends in foreign currency and vPost spends
  • 2% cashback on all online spends in local currency, contactless and mobile payments
  • 1% cashback on all other retail transactions

Annual Interest Rate and Fees

Annual Interest Rate25.90%
Principle Annual Fee$193
Supplementary Annual Fee0.0
Fee WaiverAvailable
Minimum Monthly Repayment1% or S$50, whichever is higher
Interest Free Period

Minimum Income Requirements

Singaporean$30,000
Foreigner$60,000

Other

Card AssociationVisa
Wireless PaymentVisa payWave, Apple Pay, Samsung Pay, Google Pay
Standard Chartered Visa Infinite Credit Card
Standard Chartered Visa Infinite Credit Card

S$1 = 1.4 Miles

Local Spend

S$1 = 3 Miles

Overseas Spend

35,000 Miles

Welcome Gift

MoneySmart Exclusive: Free S$50 worth of Cash + 35,000 Miles
  • Get 15% cashback with Grab

Key Features

  • Get S$50 Cash + 35,000 Miles (T&Cs apply) when you apply for SCB Visa Infinite Credit Card via MoneySmart
  • Important – Go to MoneySmart Claim Form to submit your (1) Contact Details and (2) Application Reference Number on the Thank You Page upon completion on or before 31 Dec 2018 for your S$50 Cash Gift. Full T&Cs here
  • $1 = 1.4 miles (Local)
  • $1 = 3 miles (Overseas)
  • Complimentary visits to the airport lounges under the Priority Pass Lounge program
  • Complimentary Travel Accident Insurance coverage of up to S$1,000,000

Annual Interest Rate and Fees

Annual Interest Rate24.46%
Principle Annual Fee$589
Supplementary Annual Fee0.0
Fee WaiverNot Available
Minimum Monthly Repayment1% of S$50, whichever is higher
Interest Free Period22 days

Minimum Income Requirements

Singaporean$150,000
Foreigner$150,000

Other

Card AssociationVisa
Wireless PaymentVisa payWave
Standard Chartered Rewards+ Credit Card
Standard Chartered Rewards+ Credit Card

S$1= 10X Points

on Foreign Currency Spend

S$1= 5X Points

on Local Dining Spend

1 Point = 0.29 Miles

Rewards to Miles Conversion

MoneySmart Exclusive: Free up to S$300 worth of Cash + Cashback + Amazon Prime Now Credit
  • Get 15% cashback with Grab
  • +2 more

Other Promotions

  • Up to 50% off dining at The Fullerton Hotel
  • Enjoy 1-for-1 Platinum Movie Suites Tickets with Cathay Cineplexes

Key Features

  • Get up to S$300 worth of Cash + Cashback + Amazon Prime Now Credit when you apply for SCB Rewards+ Card via MoneySmart
  • Important – Go to MoneySmart Claim Form to submit your (1) Contact Details and (2) Application Reference Number on the Thank You Page upon completion on or before 31 Dec 2018 for your S$50 Cash Gift. Full T&Cs here
  • 10X Rewards Points per S$1 spent in foreign currency, including online spends
  • 5X Rewards Points per S$1 spent in Singapore Dollars for local dining transactions
  • 1X Rewards Points per S$1 on all other spends
  • Rewards Points capped at 20,000 points per year

Annual Interest Rate and Fees

Annual Interest Rate25.90%
Principle Annual Fee$193
Supplementary Annual FeeN/A
Fee WaiverAvailable
Minimum Monthly Repayment1% or S$50, whichever is higher
Interest Free Period

Minimum Income Requirements

Singaporean$30,000
Foreigner$60,000

Other

Card AssociationVisa
Wireless PaymentVisa Paywave, Apple Pay, Samsung Pay, Google Pay
Standard Chartered Platinum Visa/MasterCard Credit Card
Standard Chartered Platinum Visa/MasterCard Credit Card

S$1 = 2X Points

on All Spend when you open a SCB Current Account

S$1 = 1X Point

on All Other Spend

1 Point = 0.4 Miles

Rewards to Miles Conversion

  • Get S$150 in Prime Now Credits or up to S$100 cashback
  • 5% cashback on all eligible spend
  • +1 more

Other Promotions

  • Get 15% cashback with Grab

Key Features

  • Earn Rewards Points on your credit card spends, mortgage, investments, deposits and online transactions
  • Enjoy exclusive Platinum privileges from leading hotels, golf courses, restaurants and merchants
  • 24-hour Concierge to help you with travel arrangements, reservations, shopping and gift services

Annual Interest Rate and Fees

Annual Interest Rate25.90%
Principle Annual Fee$193
Supplementary Annual FeeN/A
Fee WaiverAvailable
Minimum Monthly Repayment1% or S$50, whichever is higher
Interest Free Period

Minimum Income Requirements

Singaporean$30,000
Foreigner$60,000

Other

Card AssociationMasterCard, Visa
Wireless PaymentMasterCard PayPass, Visa payWave, Apple Pay, Samsung Pay, Google Pay
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The Best Credit Card for You? 3 Steps to Help You Decide

The best credit card for you depends on your lifestyle and regular spending habits. Here are 3 steps to help you decide which credit card is best for you.

Step 1

Find a card that fits your spending habits

Think about your current lifestyle and spending habits. What are the things you spend the most money on? For example, if you’re a real foodie and spend a lot on dining out, then it makes sense to get a card with double rewards points for eating out and useful perks like 1-for-1 deals at restaurants.

Step 2

Plan how to use your credit card benefits

Credit cards come with a whole plethora of benefits for cardholders. You’ll need to narrow things down by focusing on the benefits that you would actually use. Do you want to collect air miles and fund your upcoming travels? Or accumulate points for shopping vouchers? Or would you rather enjoy cash rebates? This is a deeply personal matter, so it’s worth considering how you like to be rewarded.

Step 3

Check the Terms & Conditions

Now that you’ve got a shortlist of credit cards, it’s time to dig deeper into the details of the rewards or air miles programmes. Find out all you can about terms and conditions like expiry dates, exclusions, minimum spend, credit limit, etc. Be sure to ask a bank rep to clarify if you don’t see answers anywhere.

Common Credit Card Fees

Annual fees aren’t the only type of credit card charges you might be paying. Many of these other common fees will impact the benefits you earn, so be mindful of them and actively monitor your spend.

Balance Transfer Fees

Charged when you move a balance from one card to another, usually 2-4% of the amount transferred.

Cash Advance Fees

Some credit cards allow you to withdraw cash from ATMs, using your credit line. Be prepared to fork out up to 6% of the transaction amount, plus 2%+ daily charges on unpaid withdrawn balance.

Foreign Transaction Fees

Charged for transactions processed outside of Singapore, whether while you’re travelling or making an online purchase. This is usually 2.5% to 3% on top of the prevailing foreign exchange rate.

Did you know?

Paying the Minimum Balance Can Be Very Costly

Because credit cards are effectively short-term loans, you are meant to pay off your bills in full every month. If you make only the minimum payment each month, you may accrue huge additional costs on top of your bill due to the credit card’s interest rate (typically 24%+)!

Your Credit Card Behaviour Affects Your Credit Score

If you plan to apply for any kind of credit or loan (such as a housing loan or car loan) in the future, be aware that any “bad behaviour” with your credit card can come back to haunt you in the form of a bad credit score.

More From TheMoneySmart Blog

Check out our blog for more personal finance tips and insights.

Frequently Asked Questions

How do credit cards work?

A credit card is basically a way to borrow money from a bank to make purchases. Unlike a bank loan, a credit card “loans” money in smaller amounts and on a short-term basis, requiring you to pay the bank back monthly (or be subject to unpleasant penalties and interest fees). The biggest payment networks are MasterCard, VISA and American Express, but do note that merchants may not accept all types.

How do I apply for a credit card?

Simply fill out an application online or at a bank branch and submit the required documents such as proof of income. After approval, the bank will inform you about how much you are allowed to borrow and mail you your new credit card. You’ll need to activate the credit card as well as sign on the back.

What’s the difference between debit cards and credit cards?

Unlike credit cards, debit cards do not involve any borrowing. They are linked to your bank account, so purchases made on your debit card are paid for by deducting straight from your funds. You must have sufficient funds on hand to use your debit card. If you have a credit card, you can borrow the money for the time being and pay it back later.

How to prevent credit card fraud?

There’s no sure-fire way to prevent credit card fraud, so unfortunately holding a credit card also means being vigilant about making sure it doesn’t end up in the wrong hands. Make use of credit card alerts, monitor your transactions closely, be wary of phishing scams and don’t make it easy for others to get hold of your credit card information.

What should I do with my credit card statement?

It might not be the most fun thing to read, but it IS super important to understand your credit card statement. So don’t throw it away without checking it. Of course, after reading the statement you will have to pay your bill – typically through online banking, though some people use ATMs, SAMs, AXS machines or go to the bank in person.