Standard Chartered Unlimited Cashback Credit Card Review
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First Impression: Standard Chartered Unlimited Cashback Credit Card Review

Standard Chartered Unlimited Cashback Credit Card Review, Key Features and Privileges

When Standard Chartered released the Unlimited Cashback Credit Card in Singapore on March 8, 2017, many Singaporeans were swept off their feet. Why? The Standard Chartered Unlimited Cashback Card features exactly the name of the card, unlimited cashback.

This means you get to maximise your cashback privilege. Hear this, there is absolutely no cashback cap and no minimum spend.

This also means one enticing offer: an opportunity to shop freely and get cashback for every item you purchase! Put yourself in a credit card holder’s shoes and think about how you’ll react when you hear the words “unlimited cash back”. You’re most likely going to rejoice, right? You get to shop and have a percentage of your money back! Now, isn’t that awesome?

Cashback is still one of the top sought after credit card features. According to one of the survey done under RFI’s Payment Council, more than 25% of respondents wants cashback when they apply for a credit card. This is backed by a press release distributed in the 1st quarter of 2017.

Here’s a closer look at the Standard Chartered Unlimited Cashback Card:

About the Unlimited Cashback Offer

The Standard Chartered Unlimited Cashback Credit Card’s unlimited cashback offer applies to all your spending – not just on selected items. 1.5% cashback is yours when you buy clothes, shop for new furniture, pay utilities, get beach holiday items, or eat at buffets.

Until 31 October 2017, you also get to earn 3% cashback offer when you transact on foreign currency with your Standard Chartered card.

Card privileges:

  • The Good Life privileges
  • Uber (20% cashback until September 30, 2017)
  • SMRT (SGD $0 admin fee on taxi rides)
  • Harry’s (10% discount on total bill)
  • TANGS (Complimentary parking from Saturdays until Mondays)
  • Spinelli Coffee Company (1-for-1 Cappuccino or Café Latte)
  • Swensen’s (1-for-1 ice cream single scoop)
  • SaladStop (1-for-1 Signature Salad)

The EZ-Link Feature

ezlink standard chartered unlimited cashback

An outstanding factor of the Standard Chartered Unlimited Cashback Credit Card is that it’s an all-in-one card. It’s not just an ordinary credit card because it also serves as an EZ-Link card. Because of the EZ-Link feature, you can use it to pay for your commute and public transport.

It’s also pre-enrolled with EZ-Reload by Card. This feature lets you avail of auto top-up when you have insufficient funds for payments. Just be ready with SGD $50 to cover the top-up amount and SGD $0.25 to cover the convenience fee.

Unlimited World MasterCard vs. Other Cashback Promos

The Standard Chartered Unlimited Cashback Credit Card is often compared to other cashback promos. We reckon the Unlimited Cashback Card is the better contender because it offers UNLIMITED cash back, with zero cap and no minimum spend.

We take the American Express True Cashback Card for comparison since this is also one of the more popular cards among Singaporeans. Some similar features can be found between these two credit cards.

Similarities:

  • Unlimited cashback with no cap and no minimum spend
  • Grand welcome gifts upon signup: cash credits with the SC Unlimited Cashback Credit Card; double 1.5% cashback rate for first six months with the AMEX True Cashback Card
  • Annual fee waivers:  Two years annual fee waiver with the SC Unlimited Cashback Credit Card; First year annual fee waiver with the AMEX True Cashback Card

But while the AMEX True Cashback Card offers exclusive benefits for lifestyle and dining, Standard Chartered Unlimited Cashback Card positions itself as an all-in-one card to bring about increased convenience to its cardholders.


ALSO READ: Best Cash Back Credit Cards in Singapore 2017


We also highlight some other cards in Singapore that offer cash back, especially those that give higher cash back offers. Among these cards are:

  • OCBC 365 Credit Card
  • Citi Cashback Card
  • UOB One Card
  • HSBC VISA Platinum
Credit Card Cashback Offer Vs. SC Unlimited Cashback Card
OCBC 365 Credit Card -3% cashback on utility bills, groceries, Weekday deals on Dining -6% cashback on local Weekend Dining Cashback applies to limited spending
Citi Cashback Card -Up to 8% cashback on groceries -Up to 8% cashback on Dining -Up to 20.88% cashback on petrol Cashback applies to limited spending
UOB One Card Up to 5% cashback Minimum spend of SGD $2000 monthly per quarter
HSBC VISA Platinum Up to 5% cashback on utility bills, groceries, and petrol -Cashback applies to limited spending -Minimum spend of SGD $400 for 3 months in a quarter

The burning question is: “Why won’t you apply for a credit card that comes with a higher cashback offer than Standard Chartered Unlimited Cashback Card’s offer?”

If you look at the table above, these higher cashback offers come with prerequisites. You may receive higher cashback, if and only if you meet these requirements stated by the respective banks. More often than not, the cashback offers by other cards apply to limited spending. Either that, or a minimum spend is required.

With the Standard Chartered Unlimited Cashback Card, you can enjoy 1.5% cashback ALL THE TIME – wherever you want and however you want. If you don’t want indulge in the extra task of tracking your spent amount or eligibility of your spend, yet still be able to earn some cashback whenever you swipe your card, this card is your answer.

Eligibility Requirements

Look out for these eligibility requirements if you’re interested to apply for the card. The minimum age requirement is 21 years old. The minimum annual income for Singaporeans and Permanent Residents to apply for this card is S$30,000. For foreigners, it is SGD $60,000. Other terms and conditions apply.

Exclusive Offer for New Card Holders

From now until 30 September 2017, Standard Chartered is offering S$138 cashback to new Standard Chartered principal cardholders when you apply for this card online through their website. To receive the welcome offer, you will have to activate your card within 60 days from card approval date. Your card account will also have to be kept valid for at least 6 months. If you apply for the card through other channels, you will receive S$100 cashback instead.

For existing Standard Chartered cardholders, you will be entitled to S$20 cashback. Other T&Cs apply.

SC Unlimited Cashback Credit Card

Apply Now

Apply for the Standard Chartered Unlimited Cashback Card online to receive S$138 cashback!


The Final Word

The Standard Chartered Unlimited Cashback Credit Card is an excellent card for those who are in the hunt for exciting cashback offers but do not want to spend extra effort to track whether they meet prerequisites before they are eligible. If you prefer the convenience of using one card for almost all your purchases, and still want to utilise the benefits many banks offer with many of their cards, this may just be the ideal card for you. With zero cashback cap and no minimum spend, cashback with no limits is yours to enjoy!

Standard Chartered understands the busy schedules of Singaporeans in this fast-paced city, hence presenting a credit card that eases off the load and eliminates the hassle. Has the bank won people over with this particular credit card? By the looks of it, it seems like it.

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