Earn up to 10% Bonus Cashback
Earn up to 10% Bonus Cashback
Standard Chartered Smart Credit Card
Introducing the Standard Chartered Smart Credit Card, your gateway to smart spending and rewarding perks! With this card, you can earn a whopping 10% cashback on selected merchants like McDonald's, Starbucks, Netflix, Disney+, Spotify and SimplyGo when you spend a min. of S$1,500 per month!
Card Details
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Standard Chartered Smart Credit Card Benefits 2025
Standard Chartered Singapore has been providing financial services to clients across various needs including personal, commercial, corporate, priority and private banking, for over 160 years in Singapore.
Standard Chartered Singapore has a selection of credit cards for you to choose from, and the Standard Chartered (SCB) Smart Credit Card is one of their best cards for cash back benefits. Plus, it’s undergoing some serious revamps to rival other cashback cards! Here are the pros, cons, and other relevant details to expect of the SCB Smart Credit Card before you decide.
Customer Reviews on MoneySmart Credit Card Applications
Pros & Cons Of Standard Chartered Smart Credit Card
| Pros ✅ | Cons ❌ | |
|---|---|---|
| Pros ✅Up to unlimited 10% cashback on 3 bonus categories: Smart Dining, Smart Streaming, and Smart Transport | Cons ❌Need min. S$800 monthly spend to earn 8% cashback | |
| Pros ✅Until 31 Mar 2025, earn 4% bonus cashback even with less than $800 spend | Cons ❌Need min. S$1,500 monthly spend to earn max. 10% cashback | |
| Pros ✅Up to 1% unlimited cashback on other eligible spend | Cons ❌Bonus 4% cashback reverts to base 0.5% cashback from 1 Apr 2025 onwards | |
| Pros ✅No cap on 360° rewards points earned for all bonus and eligible spend | Cons ❌From 8 Dec 2024, one-time processing fee will apply to instalment payments | |
| Pros ✅Addition of more eligible bonus merchants like EV charging | Cons ❌Standardised effective interest rate (EIR) of 27.9% p.a. | |
| Pros ✅Preferential cashback redemption rate of 3,200 360° Rewards Points = S$10 cashback | Cons ❌ | |
| Pros ✅From 15 Jan 2025, enjoy new SmartDelay perk – only cashback card offering select complimentary airport lounge access during flight delays | Cons ❌ | |
| Pros ✅Complimentary first-year annual fee waiver for new cardholders | Cons ❌ | |
| Pros ✅Complimentary annual fee waiver for existing cardholders (until 6 Dec 2025) | Cons ❌ | |
| Pros ✅Relatively low annual fee (S$99.19) compared to other credit cards (S$196.20) | Cons ❌ | |
| Pros ✅Subsequent annual fee waiver available with min. S$10,000 spend per year | Cons ❌ | |
| Pros ✅Up to US$200 complimentary eCommerce protection per claim per year | Cons ❌ | |
| Pros ✅Up to S$500,000 complimentary travel insurance coverage when you charge full travel fare to card | Cons ❌ |
Want to Learn More About the Standard Chartered Smart Credit Card?
Comparison: SCB Smart Credit Card vs UOB One Card vs HSBC Live+ Card
Starting 6 Dec 2024, the Standard Chartered Smart Credit Card is transforming into a top contender among other cashback cards. It’ll offer up to 10% unlimited cashback across 3 enhanced bonus categories: Smart Dining, Smart Streaming, and Smart Transport – plus up to 1% cashback on all other eligible spend. As the cherry on top, there’s no cap on rewards points earned.
Sounds promising, doesn’t it? Let’s compare it to two other cashback powerhouses, the UOB One Card and the HSBC Live+ Card.
Comparison: SCB Smart Credit Card vs UOB One Card vs HSBC Live+ Card
| SCB Smart Credit Card | UOB One Card | HSBC Live+ Card |
|---|---|---|
| SCB Smart Credit CardInterest rate: 27.9% | UOB One CardInterest rate: 27.8% | HSBC Live+ CardInterest rate: 27.8% |
| SCB Smart Credit CardAnnual fee: $99.19 (First year waived) | UOB One CardAnnual fee: $196.20 (First year waived) | HSBC Live+ CardAnnual fee: $196.20 (First year waived) |
SCB Smart Credit CardMinimum annual income:
| UOB One CardMinimum annual income:
| HSBC Live+ CardMinimum annual income:
|
SCB Smart Credit Card
| UOB One Card
| HSBC Live+ Card
|
From the table above, the SCB Smart Credit Card evidently offers more advantages over the other cards from 6 Dec 2024 onwards. First of all, it has a lower annual fee of S$99.19, compared to the typical S$196.20 of other credit cards, Additionally, new applicants can benefit from a first-year fee waiver, while existing cardholders are entitled to a complimentary fee waiver until 6 Dec 2025.
Furthermore, it offers more travel privileges than the average cashback card. Besides providing up to S$500,000 complimentary travel insurance coverage, it also offers a unique never-before-seen travel perk – the SmartDelay – starting 15 Jan 2025. This perk allows cardholders to enjoy complimentary access to select airport lounges worldwide in the event of flight delays.
Moreover, its 3 bonus categories – Smart Dining, Smart Streaming, and Smart Transport – have been expanded to include new merchants like:
Best of all, you can earn cashback to your heart’s content since there is no cap on 360° Rewards Points earned! The only catch is its above-average minimum monthly spend of S$1,500 to reach the maximum 10% cashback.
Furthermore, it offers more travel privileges than the average cashback card. Besides providing up to S$500,000 complimentary travel insurance coverage, it also offers a unique never-before-seen travel perk – the SmartDelay – starting 15 Jan 2025. This perk allows cardholders to enjoy complimentary access to select airport lounges worldwide in the event of flight delays.
Moreover, its 3 bonus categories – Smart Dining, Smart Streaming, and Smart Transport – have been expanded to include new merchants like:
| Category | Existing Merchants | New Merchants |
|---|---|---|
| Smart Dining | McDonald's, KFC, Burger King, Ya Kun Kaya Toast, Toast Box | Starbucks, The Coffee Bean & Tea Leaf, Pizza Hut, Domino's Pizza |
| Smart Streaming | Netflix, Spotify, Youtube, Disney+ | Amazon Prime, Viu, iQiyi, HBO GO |
| Smart Transport | Bus and MRT via SimplyGo | Electric Vehicle (EV) charging |
Best of all, you can earn cashback to your heart’s content since there is no cap on 360° Rewards Points earned! The only catch is its above-average minimum monthly spend of S$1,500 to reach the maximum 10% cashback.
Can't Get Enough of Cashback? We've got more cards for you!
Standard Chartered Smart Credit Card Requirements
| Singapore Citizens/PRs | Foreigners/Expats | |
|---|---|---|
| Age | Singapore Citizens/PRs21 and above | Foreigners/Expats21 and above |
| Income | Singapore Citizens/PRsS$30,000 | Foreigners/ExpatsS$60,000 |
| Documents required | Singapore Citizens/PRsFor SingPass holders applying via MyInfo: N/A For salaried employees:
For commission earner (any 1):
| Foreigners/Expats
|
How to Apply for Standard Chartered Smart Credit Card in Singapore?
Here are 3 simple steps to apply for the SCB Smart Credit Card:
Step 1
Apply via MoneySmart
Start your application by clicking the “Apply Now” button via MoneySmart.
Upon application, your SingPass MyInfo will be accessed to verify your identity and retrieve income details.
Once successfully submitted, the approval-in-principle page should appear within a few minutes.
Upon application, your SingPass MyInfo will be accessed to verify your identity and retrieve income details.
Once successfully submitted, the approval-in-principle page should appear within a few minutes.
Step 2
Prepare required documents
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 Smart Credit Card
Activate your Standard Chartered Smart Credit Card through the SC Mobile Singapore App and create your 6-digit Unlock Code to secure your credit card transactions.
Frequently Asked Questions About SCB Smart Credit Card
Are there any fees if I apply for the Standard Chartered Smart Credit Card?
- The SCB Smart Credit Card doesn’t charge any cash advance fee. However, it does impose late payment, overlimit fee, interest on purchases, miles/points transfer fees, and 360° Rewards Points transfer fees.
Am I eligible for the Standard Chartered Smart Credit Card?
- Yes. If you’re a Singapore Citizen, Permanent Resident (PR) or foreigner with a valid Singapore Employment Pass, aged 21+, and earn a minimum annual income of S$30,000 (Singaporeans/PRs) or S$90,000 (Foreigners) (w.e.f. 29 March 2025), you’re eligible to apply for the SCB Smart Credit Card.
If I’m late for my monthly Standard Chartered Smart Credit Card bill payment, how much do I have to pay?
- Late payment charge is S$100 and additional interest will be compounded on a daily basis at 27.9% p.a. EIR by Standard Chartered Bank at the point of your late payment.
What are the cashback benefits of the Standard Chartered Smart Credit Card?
Starting 6 Dec 2024, the benefits include:
- Earn up to 10% unlimited cashback on 3 bonus categories – Smart Dining, Smart Streaming, and Smart Transport – with min. S$1,500 spend per month
- Earn 1% cashback on all other eligible spend
- Earn 4% bonus cashback even if you spend under S$800 per month, before it reverts to the base 0.5% cashback after 31 Mar 2025
How to pay the Standard Chartered Smart Credit Card bill?
- From SCB current or savings account
- Log in to Standard Chartered Online Banking or Mobile Banking
- If on browser, select "Transfers & Payments" > "Pay SC Credit Cards"
If on SC Mobile app, select "Pay & Transfer" > "Pay Credit Card" - Select "SCB Smart Credit Card" and follow instructions to complete payment
From other bank accounts via Fast and Secure Transfers (FAST)- Log into other bank’s online banking platform
- Select “Funds Transfer” > Add 16 digit SCB credit card number as a FAST payee
- Make payment to SCB Smart Credit Card by completing funds transfer
Is there any processing time for Standard Chartered credit card bill payments?
- Standard Chartered credit card payments should have minimal downtime with no service charge.
How to waive Standard Chartered credit card annual fee?
- The SCB Smart Credit Card offers a complimentary first year fee waiver. After that, annual fees can be waived with min. S$10,000 annual spend.
Alternatively, you can attempt requesting a fee waiver through SCB Mobile, SCB Online Banking, or calling their automated phone banking system:- Call SCB’s Phone Banking hotline @ +65 6747 7000
- Press ‘2’ for Fee Waivers
- Press ‘1’ for Credit Card Annual Fee Waiver
- Enter 16-digit credit card number
Note: Annual fee waiver requests are subject to SCB’s approval. How to redeem Standard Chartered Rewards Points?
- Standard Chartered's 360° Rewards Points can be redeemed for air miles, e-vouchers, or cashback through their redemption portal.