[SmartRewards | Your Points, Your Choice 🏻]
Choose ANY gift at our Rewards Store, including:
1. Nintendo Switch Lite (3,090 SmartPoints)
2. Apple AirPods 3rd Gen (2,720 SmartPoints)
Or any other combination of gifts, by earning 3,100 SmartPoints.
Alternatively, you can also choose to get $250 Cash via PayNow. T&Cs apply.
PLUS, stand a chance to win a Panerai Radomir Quaranta Timepiece (worth S$8,700) OR 16,490 SmartPoints (worth an iPhone 15 Pro, 128GB in the Rewards Store) OR 5,990 SmartPoints (worth an Apple Watch Series 9 (GPS), 41mm in our Rewards Store) when you apply through MoneySmart. T&Cs apply. Check out our past Lucky Draw winners here.
Promotion is valid from 01-December-2023 to 31-December-2023
Applicable for New-to card holders only
Customers need to apply through MoneySmart to be eligible
Log into your MoneySmart account and submit your claim by 31st January 2024
Spend a min. of S$250 in Eligible Spends within the first 30 calendar days from card approval date
Choose S$250 Cash via PayNow as your Reward
OR Earn 3,100 SmartPoints which can be used to redeem any product from the Rewards Store here
Use SmartPoints earned to redeem: Nintendo Switch Lite (3,090 SmartPoints) OR Apple AirPods 3rd Gen (2,720 SmartPoints) AND many other products!
SmartPoints will be credited into your SmartPoints Wallet with a validity period of 60 days. T&Cs apply
For more information regarding SmartPoints, refer to our FAQ here.
PLUS stand a chance to win a Panerai Radomir Quaranta Timepiece (worth S$8,700) OR 16,490 SmartPoints (worth an iPhone 15 Pro, 128GB in the Rewards Store) OR 5,990 SmartPoints (worth an Apple Watch Series 9 (GPS), 41mm in our Rewards Store) when you apply through MoneySmart. T&Cs apply.
Please note that gifts will typically be fulfilled approximately 4 to 5 months after the end of the campaign month (31 December 2023).
Unlock your share of S$1,000,000 worth of cashback when you spend with your Standard Chartered Credit Card. Register, spend and unlock cashback* on every Qualifying Period. T&Cs apply.
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 $194.40, 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: $194.40 (first year waiver available)
Minimum annual income:
Interest rate: 26.90%
Annual fee: None
Minimum annual income:
Interest rate: 27.90%
Annual fee: $194.40 (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.