Standard Chartered Simply Cash Credit Card

Standard Chartered Simply Cash Credit Card

Standard Chartered Simply Cash Credit Card

Standard Chartered Simply Cash Credit Card

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EARN SMARTPOINTS | LUCKY DRAW 🎉🎉
Standard Chartered Simply Cash Credit Card gives you unlimited cashback at a flat 1.5% rebate rate. Additional benefits such as Caltex petrol, dining, and shopping promotions make this an all-rounded card for individuals in Singapore who prefer a fuss-free cash back credit card.
Up to 1.5%
Cash Back on Eligible spend
S$0
Min. Spend per month
Unlimited
Cash Back Cap per month
MoneySmart Exclusive

[SmartRewards | Your Points, Your Choice 🫵🏻 ]
 
Choose ANY gift you want at our Rewards Store including:
 
1. Apple iPad 10.2-inch Wi-Fi 64GB (9th Gen) (5,040 SmartPoints)
2. Nintendo Switch OLED (5,000 SmartPoints)
3. Sony WH-1000XM5 Wireless Noise Cancelling Headphones (4,990 SmartPoints)
 
Or any other combination of gifts, by earning 5,040 SmartPoints.
 
Alternatively, you can choose to get up to S$350 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.

Valid until 30 Nov 2023 - See more details below

Are you eligible?

    • Promotion is valid from 17-November-2023 to 30-November-2023

    • Applicable for New-to card holders only

    • Customers need to apply through MoneySmart to be eligible

What you need to know

  1. Log into your MoneySmart account and submit your claim by 30th December 2023

  2. Apply and spend a min. of S$500 in Eligible Transactions within 30 days from card approval date to be eligible for the Reward

  3. 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 our 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.

  4. Choose S$330 Cash via PayNow as your Reward

  5. OR Earn 5,040 SmartPoints which can be used to redeem any product from the Rewards Store here

  6. Use SmartPoints earned to redeem: Apple iPad 10.2-inch Wi-Fi 64GB (9th Gen) (5,040 SmartPoints) OR Nintendo Switch OLED (5,000 SmartPoints) OR Sony WH-1000XM5 Wireless Noise Cancelling Headphones (4,990 SmartPoints) OR ErgoTune Supreme V3 Ergonomic Chair (5,000 SmartPoints) OR Everdesk+ Lite Standing Table (5,000 SmartPoints) AND many other products!

  7. *Get $20 Cash Bonus when you place your card on file and spend a minimum of $20 at any of the following eligible merchants (Shopee, Lazada, TaoBao, Netflix, Carousell, Ezbuy, Qoo10) within the first 30 days from card approval

  8. SmartPoints will be credited into your SmartPoints Wallet with a validity period of 60 days. T&Cs apply

  9. For more information regarding SmartPoints, refer to our FAQ here.

  10. Please note that gifts will typically be fulfilled approximately 4 to 5 months after the end of the campaign month (30 November 2023).

  11. 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.

  12. MoneySmart exclusive rewards do not stack with external or third-party promotions. See T&Cs for details.

T&Cs
FAQ
Claim Form

Quick Facts

Get the maximum value by

Using this as a go-to card for all your daily expenditure

Good for

Individuals looking for a straightforward unlimited cashback credit card

Categories to maximise this card

Spend in all categories

What people use it for

Daily expenditure; big-ticket purchases

Get if

Your monthly expenses are unpredictable and you don’t like to fuss over eligible spending categories

All Details

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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.

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Standard Chartered Simply Cash Credit Card Review 2023

Previously known as the Standard Chartered Unlimited Cashback Credit Card, the Simply Cash Credit Card is one of Standard Chartered’s best cards for cash back benefits. The benefits include 1.5% cashback on your card with no minimum spend and no cashback cap. Since the refresh in December 2022, existing cardholders of the Unlimited Cashback Card can still continue to use their existing Unlimited Cashback Card for the same benefits as the new Simply Cash Credit Card. Unless you require or request for a renewal or replacement of your existing Unlimited Credit Card, a refreshed ‘Simply Cash Credit Card’ will not be sent to you. In this review, we’ll take a look at the requirements, pros and cons and other relevant details of the Standard Chartered Simply Cash credit card before you make a decision to get this card.

Pros & Cons

Pros

  • Interest rate of 26.90%
  • No minimum spend required
  • 1.5% cashback on all eligible purchases
  • 1 years of annual fee waiver
  • No minimum spend
  • Unlimited cashback
  • $250 cashback upon activation of card
  • $80 cashback referral reward
  • Up to 21% discount for Caltex petrol spending
  • Convenient online application with SingPass
  • Open to Singapore Citizens, PRs and foreigners with a Singapore Employment Pass aged 21 - 65
  • Exclusive dining and shopping discount privileges under
  • Standard Chartered’s The Good Life benefits program

Cons

  • Cash advance transaction fee
  • Foreign currency transaction fee
  • Overlimit fee

Standard Chartered Simply Cash Credit Card Application

Here are 3 simple steps to apply for the Standard Chartered Simply Cash Credit Card

Step 1

Apply via MoneySmart’s Credit Cards page

Start by simply clicking on our Standard Chartered Simply Cash 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.

Step 2

Provide all documentation required

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:


  • NRIC or other identification details
  • Latest computerised payslip
  • Latest 6 months’ CPF Contribution History Statement
  • Latest Income Tax Notice of Assessment (NOA)

Step 3

Receive your Standard Chartered Simply Cash Credit Card

You’ll be able to activate your Standard Chartered Simply Cash Credit Card through the SC Mobile Singapore App and create your 6-digit Unlock Code to secure your credit card transactions.

Compare SCB Simply Cash Credit Card vs. OCBC Cashflo Card vs. Citi Cash Back + Card

Being one of the ideal cards for cashback benefits, Standard Chartered Simply Cash credit card is often pitched against others like the OCBC Cashflo Card and Citi Cash Back+ Card which are among the many cash back credit card options you would have come across on MoneySmart’s online credit card comparison wizard.

Let’s compare these 3 credit cards and have a closer look at their requirements and benefits. The key factors which we’ll be focusing on are interest rates, annual fees, minimum annual income requirements and cash back benefits.

Among the 3 credit cards, the Standard Chartered Simply Cash credit card gives you a decent percentage of cash back on your spending on most categories - a 1.5% which is in between the 1.6% and 1% you can get from Citi Cash Back + card and OCBC Cashflo card respectively.

However, in terms of interest rates, the Standard Chartered Simply Cash credit card charges a slightly higher interest rate than OCBC Cashflo Card, but it offers a more attractive cashback of $250 upon activation of your Standard Chartered Simply Cash credit card. Moreover, you’ll get another $80 cashback when you refer a friend or family member to sign up for a Standard Chartered Simply Cash credit card.

Comparison between SCB Simply Cash Credit Card vs. OCBC Cashflo Card vs. Citi Cash Back + Card

SCB Simply Cash Credit CardOCBC Cashflo CardCiti Cash Back + Card
Interest rate:
26.90%		Interest rate:
26.88%		Interest rate:
26.90%
Annual fee:
$194.40 (First and second year waiver available)		Annual fee:
$162 (Waiver available)		Annual fee:
$194.40 for Year 1 (First year waiver available)
Cash back benefits:
  • 1.5% cashback on all eligible purchases
  • $250 cashback upon activation of card
  • $80 cashback referral reward No minimum spend requirement
Cash back benefits:
  • 1% cash rebate with a minimum spend of S$1,000 and above per month
  • 0.5% cash rebate with monthly spend of below S$1,000
Cash back benefits:
  • Minimum of 1.6% cash back on spending on any category
  • Unlimited cash back (no cap on earned cash back)
  • No minimum spend requirement

Frequently Asked Questions About SCB Simply Cash Credit Card

Do I have to change to the new Simply Cash Credit Card if my Unlimited Cashback Credit Card is not due for renewal?

No, it is not mandatory. You may continue to use your existing Unlimited Cashback Credit Card and enjoy the same benefits that the new Simply Cash Card provides, including 1.5% cashback on your card with no minimum spend and no cashback cap. Unless you require or request a renewal or replacement of your existing Unlimited Credit Card, a refreshed ‘Simply Cash Credit Card’ will not be sent to you.

Are there any fees if I apply for the Standard Chartered Simply Cash Credit Card?

The Simply Cash Credit Card charges an annual fee of $194.40. A fee waiver is available only for the first and second year, plus there are other fees like cash advance transaction fees, late payment fee, minimum monthly payment, foreign currency transaction fee, and overlimit fee.

When will I receive my cashback for my Simply Cash Credit Card?

The cashback for your eligible spending per statement cycle will be credited into your Simply Cash Credit Card in the following statement month.

How do I apply for a Standard Chartered Simply Cash Credit Card?

You can apply for the Standard Chartered Simply Cash credit card in 3 simple steps.
  1. Click “Apply Now” on the Standard Chartered Simply Cash credit card option on MoneySmart’s credit card page
  2. Provide your NRIC or other identification details, latest computerised payslip, latest 6 months’ CPF Contribution History Statement, and latest Income Tax Notice of Assessment (NOA)
  3. Receive your Standard Chartered Simply Cash credit card or activate it via the SC Mobile Singapore App.

If I’m late for my monthly Standard Chartered Simply Cash Credit Card bill payment, how much do I have to pay?

Late payment charge is S$100 and additional interest will be calculated on a daily basis at the most updated EIR determined by Standard Chartered Bank at the point of your late payment.

What are the cash back benefits of a Standard Chartered Simply Cash Credit Card?

The benefits include:
  • 1.5% cashback on eligible purchases
  • $250 cashback upon activation of card
  • $80 cashback referral reward
No minimum spend requirement