Get S$230 Cash via PayNow or 2,990 SmartPoints when meet the spend criteria. T&Cs apply.
Additionally, enrol in our Rollin' Rewards campaign for FREE and stand a chance to win 50,000 SmartPoints. That’s enough to redeem ANY item from our Rewards Store, such as a Sony BRAVIA 3 85-Inch 4K Ultra HD Google TV (worth S$5,799) + an Apple iPhone 16 Plus 128GB (worth S$1,399).
PLUS stand a chance to win a Porsche Taycan Base (model year 2025) in SC Million Reasons to be Happier! T&Cs apply.
Promotion is valid from 01-December-2024 to 15-December-2024
Applicable for New-to card holders only
Customers need to apply through MoneySmart to be eligible
Spend a minimum of S$500 in eligible transactions (on either the physical or digital version of the Credit Card) within 30 days from the Credit Card’s approval date
Log into your MoneySmart account and submit your claim by 15th January 2025
Use 2,990 SmartPoints to redeem ay product from our Rewards Store such as:
- Apple iPad (9th Gen) | Top up $210 more only
- Apple AirPods Pro (2nd Generation) | Top up $110 more only
- Apple AirPods (3rd Gen) | Redeem in full
- Ultimate Ears MEGABOOM 3 | Redeem in full
- OR many other options available at our Rewards Store today.
- For more information regarding SmartPoints, refer to our FAQ here.
SmartPoints will be credited into your points wallet, with a validity period of 1 year. You can choose to redeem any reward, or accumulate your points for future redemptions.
[Rollin’ Rewards] Enrol in Rollin' Rewards by completing a simple 3-min questionnaire, and you could win up to 50,000 SmartPoints
[Rollin’ Rewards] This earns you 1 chance to score amazing prizes each month.
[Rollin’ Rewards] Increase your chances of winning when you successfully meet the eligibility requirements of this SCB Credit Card, submit the claim form, and have it successfully approved.
[Rollin’ Rewards] Redeem Epic Rewards with 50,000 SmartPoints such as:
- iPhone 16 Pro Max (18,760 SmartPoints)
- AND Apple Watch Ultra 2 (12,345 SmartPoints)
- AND Apple AirPods Pro (4,030 SmartPoints)
- AND Apple iPad Air Wi-Fi 11” (10,030 SmartPoints)
[Rollin’ Rewards] Didn’t win anything this month? You could win in the next—Not to worry, your chance(s) of winning will automatically be accumulated, and rolled over into next month’s draw. T&Cs apply.
Please note that all rewards (Cash or SmartPoints) will typically be fulfilled approximately 5 months after the end of the campaign month (31 December 2024).
Apply for a SCB Credit Card through MoneySmart and stand to win a Porsche Taycan Base when you participate in the SC Million Reasons to be Happier Lucky Draw! Refer to the T&Cs here for more details.
MoneySmart exclusive rewards do not stack with external or third-party promotions. See T&Cs for details.
Disclaimer: At MoneySmart.sg, we strive to keep our information accurate and up to date. This information may be different than what you see when you visit a financial institution, service provider or specific product’s site. All financial products and services are presented without warranty. Additionally, this site may be compensated through third party advertisers. However, the results of our comparison tools which are not marked as sponsored are always based on objective analysis first.
Standard Chartered Singapore, a subsidiary of the esteemed global banking entity Standard Chartered Group, has been offering financial solutions to a diverse clientele, encompassing personal, commercial, corporate, priority, and private banking, in Singapore for more than 160 years.
Among the array of credit card options available at Standard Chartered Singapore, the Standard Chartered Rewards+ Credit Card stands out as a top choice for rewards benefits. Prior to making a decision on getting the Standard Chartered Rewards+ Credit Card, let's delve into the prerequisites, advantages, disadvantages, and other related aspects when applying for this credit card.
While there are some banks that currently do not charge any processing fees or initial annual fee, the Standard Chartered Rewards+ Credit Card charges an annual fee of $196.20 (incl. 9% GST), and other fees such as cash advance transaction fee, minimum monthly payment, late payment fee, foreign currency transaction fee, and overlimit fee.
Although Standard Chartered Rewards+ Credit Card charges a reasonable annual fee and offers a first-year annual fee waiver, this card will only be worth getting if you spend enough overseas to make the most out of its key benefit which rewards you with 10X rewards points for every S$1 spent in foreign currency, especially after the first year when the annual fee charges will kick in during the second year.
Moreover, you'll be able to redeem your accumulated Standard Chartered 360° rewards points for cash, e-vouchers, or convert your points to air miles. It'll be wise to spend enough such that the value of your accumulated points is high enough to offset the cost of annual fee in the second and subsequent years.
The Standard Chartered Rewards+ Credit Card is just one of the many credit cards offering attractive rewards that you can convert to either cash or air miles or other forms of benefits. If you’ve looked at MoneySmart’s online credit card comparison wizard, there are comparable options like HSBC Revolution Card and Citi Rewards Card that you can consider as well.
Let’s do a quick comparison of these 3 credit cards, focusing on the key factors including the air miles benefits, interest rates, annual fees and minimum annual income requirements.
A great thing about the Standard Chartered Rewards+ Credit Card is that there’s no minimum spend requirement. However, the interest rate for the Standard Chartered Rewards+ Credit Card (similar to the Citi Reward Card) is slightly higher at 27.90% as compared to the HSBC Revolution Card.
When it comes to rewards points, the Standard Chartered Rewards+ Credit Card offers more generous rewards points (with lesser restrictions) in terms of the “10X rewards points for every S$1 spent” eligible categories, as compared to the other two credit cards which limits the 10 rewards points to only online transactions or those via contactless payments.
As for annual fees, the HSBC Revolution Card can help you save the most as it doesn’t charge any annual fees at all. If you’re a foreigner, the minimum income requirement is the lowest for the HSBC Revolution Card as compared to the Standard Chartered Rewards+ Credit Card and the Citi Reward Card, thus, it may be the most viable option for foreigners when comparing these three cards.
Considering all these factors, the Standard Chartered Rewards+ Credit Card is great for those who look for flexibility in conversion of reward points to a wide variety of rewards including cashback, air miles, vouchers or even gift cards at preferred retailers.
Interest rate: 27.90%
Annual fee: $196.20 (incl. 9% GST, first year waiver available)
Minimum annual income:
Interest rate: 26.90%
Annual fee: None
Minimum annual income:
Interest rate: 27.90%
Annual fee: $196.20 (incl. 9% GST, waiver available)
Minimum annual income:
Here are 3 simple steps to apply for the Standard Chartered Rewards+ Credit Card
Start by clicking on our Standard Chartered Rewards+ Credit Card application link.
When you choose to apply online via Standard Chartered’s website using SingPass MyInfo, Standard Chartered will pull your identity and income data from SingPass (which is already verified), thus reducing the processing time. The approval-in-principle page will appear within minutes of submitting your MyInfo.
You'll need to provide all the necessary documentation in order for Standard Chartered to approve your credit card application. This list of documents include:
Once you've downloaded the SC Mobile Singapore App, you'll be able to activate your Standard Chartered Rewards+ Credit Card through the SC Mobile Singapore App and create your 6-digit Unlock Code to secure your credit card transactions.