Standard Chartered Smart Credit Card

Standard Chartered Smart Credit Card

EARN SMARTPOINTS | Up to 6% Cashback
6%*
Cashback from Netflix, Spotify, fast food joints and more. *T&Cs apply.
S$0
Annual Fee
S$0
Minimum Spend
MoneySmart Exclusive

Earn up to 1,890 SmartPoints or up to S$250 cash* when you apply, and spend a minimum of S$200 in "Qualifying Spends" within 30 days from card approval date, followed by another S$1,000 in "Qualifying Spends" within the following 30 calendar days.

Customers who choose SmartPoints will be free to choose ANY gift of choice at our Rewards Store. Enjoy ultimate flexibility today! T&Cs apply.

Valid until 29 Feb 2024 - See more details below

Are you eligible?

    • Promotion is valid from 01-February-2024 to 29-February-2024

    • 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 29th March 2024

  2. Tier 1 Rewards: Receive either S$100 Cash via PayNow or 1,600 SmartPoints when you spend a min. of S$200 in Eligible Transactions within 30 calendar days from card approval date.

  3. Tier 2 Rewards: Receive either S$230 Cash via PayNow or 1,890 SmartPoints when you
    - Spend a min. of S$200 in Eligible Transactions within 30 calendar days from card approval date
    - AND spend a min. of S$1,000 in Eligible Transactions within the following 30 calendar days after the initial 30 calendar days from the date of credit card approval

  4. Get additional S$20 Cash via PayNow when you
    - additional transactions totaling above S$150 on top of fulfilling the spending criteria for the MoneySmart Gift.
    - AND use EasyPay to split the transactions into interest-free instalment.

  5. Use SmartPoints earned to redeem:
    - Logitech MX Master 3 Advanced Wireless Mouse
    - Amazon Kindle Basic (2022) 
    - Logitech MX Keys Mini Keyboard and many other products!

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

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

  8. Please note that gifts will typically be fulfilled approximately 4 to 5 months after the end of the campaign month (29 February 2024).

  9. 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

Placing this card on file for all your digital subscriptions such as Netflix and Spotify. Using it for large purchases with 3-month interest-free instalments with no service fees

Good for

Gaining 6%* cashback on your everyday spends at your favourite fast food outlets and daily commutes (Bus / MRT).

Categories to maximise this card

Digital subscriptions, public transport, lifestyle, food and beverage categories.

What people use it for

Daily spending, monthly subscriptions and high value purchases with buy now, pay later flexibility.

Get if

You want to have peace of mind that you’re optimising rewards from the most popular expenditure channels and enjoy up to 6%* cashback for every dollar spent. Buy whatever you want via a 3-month interest-free instalment plan without the need for upfront payments.

All 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 Smart Credit Card Review 2024

Standard Chartered Singapore, a part of the renowned international banking group Standard Chartered Group, has been providing financial services for clients with 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 SC Smart Credit Card is one of their best cards for cash back benefits. Let's take a look at the requirements, pros and cons and other relevant details of the Standard Chartered Smart credit card before you make a decision to get this card.

Pros & Cons Of Standard Chartered Smart Credit Card

ProsCons
No minimum spend requiredHigh Interest rate of (23.9%-29.9%) per annum, based on bank’s assessment of credit profile
6% cashback on selected everyday merchantsForeign currency transaction fee
3-month interest-free InstalmentsOverlimit fee
No annual fee and cash withdrawal feeStandard process of exchanging rewards points for cashback is required as there is no automatic conversion
No cash advance transaction fees.
Up to S$288 cashback upon activation of your card (last updated 2 Jan 2024)
Convenient online application with SingPass 
Open to Singapore Citizens, PRs and foreigners with a Singapore Employment Pass aged 21 - 65
Lifestyle privileges such as dining, digital subscriptions, transportation and shopping discounts

Standard Chartered Smart Credit Card Interest Rates & Fees

Just like some banks that do not charge any processing fees or initial annual fee, the Standard Chartered Smart credit card offers similar benefits. It doesn't charge any annual fees, cash withdrawal fees or cash advance transaction fees.

Considering that you don't have to fork out any money for such fees, it is really worthwhile to get this card and use it for your everyday purchases.

Standard Chartered Smart Credit Card Application

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

Step 1

Apply via MoneySmart’s Personal Loans page

You may begin your application by clicking on our Standard Chartered Smart 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 Smart Credit Card

You’ll be able to 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.

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

The Standard Chartered Smart credit card is just one of the many cards out there that is good for cash back perks. There are also others like theOCBC Cashflo Cardand Citi Cash Back+ Card which are among the many cash back credit card options you would have come across on MoneySmart's onlinecredit 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 Smart credit card gives you the highest percentage of cash back on your spending on any category - a generous 6% that is higher than the 1.6% and 1% you can get from Citi Cash Back + card and OCBC Cashflo card respectively.

n terms of interest rates, the Standard Chartered Smart credit card also offers you the lowest option of 23.90% (subject to the bank's assessment of your credit profile). However, Standard Chartered can also charge you up to 29.90% p.a. of interest rate, which is the highest among the 3 cards.

Another great thing about the Standard Chartered Smart credit card is that you don't have to worry about paying annual fees and there's no minimum spend required, unlike the other 2 cards.

Comparing SCB Smart Card vs OCBC Cashflo Card vs Citi Cash Back+ Card

SCB Smart CardOCBC Great Eastern Cashflo CardCiti Cash Back+ Card
Interest rate:
23.90% to 29.90%
Interest rate:
27.78%
Interest rate:
27.90%
Annual fee:
None
Annual fee:
$162 (Waiver available)
Annual fee:
$196.20 (incl. 9% GST) for Year 1 (First year waiver available)
Minimum annual income:
$30,000 for Singaporeans and PRs
$60,000 for foreigners
Minimum annual income:
$30,000 for Singaporeans and PRs
$45,000 for foreigners
Minimum annual income:
$30,000 for Singaporeans and PRs
$42,000 for foreigners

Cash back benefits:

  • 6% cashback on your everyday spend at selected merchants across fast food dining, coffee and toast, digital subscriptions and transportation
  • 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

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

The Standard Chartered Smart credit card doesn’t charge any annual fees, cash withdrawal fees or cash advance transaction fees, but does charge a late payment fee, minimum monthly payment, foreign currency transaction fee, and overlimit fee.

Am I eligible for the Standard Chartered Smart Credit Card?

If you’re a Singapore Citizen, Permanent Resident (PR) or foreigner with a valid Singapore Employment Pass, you’re eligible to apply for the Standard Chartered Smart credit card, as long as you’re aged between 21 to 65, and earn a minimum annual income of $30,000 (for Singaporeans and PRs) or $60,000 (for foreigners).

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 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 Smart Credit Card?

The benefits include:

  • 6% cashback on your everyday spend at selected merchants across fast food dining, coffee and toast, digital subscriptions and transportation
  • No minimum spend requirement