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. In other words, this is a perfect excuse opportunity to shop and earn cashback for any item you purchase!

Cashback is a popular credit card features among Singaporeans. The idea of earning a bit of your money back while you spend is seemingly oxymoron yet oddly alluring. While we don’t think that cashback credit cards are a must-have in your wallets, they are definitely good comrades you’ll want to have on transactions you may not be able to earn miles or rewards points with.

Let’s take a closer look at the charm of the Standard Chartered Unlimited Cashback Card.

About the Standard Chartered Unlimited Cashback Card

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 dine at restaurants and cafes.

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
  • Harry’s (1-for-1 small plates)
  • TANGS (Complimentary parking from Saturdays until Mondays)
  • Spinelli Coffee Company (Up to $2 off Cappuccino, Latte, Flat White or Americano)
  • NamNam Noodle Bar (1-for-1 weekday set lunch)
  • COMNAM Vietnamese Street Eats (1-for-1 weekday set lunch)
  • Oscar’s, Conrad Centennial Singapore (1-for-1 weekday buffet lunch)
  • The Line, Shangri-La Hotel, Singapore (1-for-1 weekday buffet lunch)
  • The Courtyard, The Fullerton Hotel Singapore (1-for-1 daily afternoon tea)

Standard Chartered Unlimited Cashback Credit Card

Be wow-ed by all the dining privileges!

Apply Now

 

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. This means one less card to reduce the bulk in your wallet!

Since it is also pre-enrolled with the feature of EZ-Reload by Card, the card will automatically be topped up when you have insufficient funds for payments. Each top-up amount is set at S$50, and there will be a S$0.25 of convenience fee.

Unlimited World MasterCard vs. Other Cashback Promos

The Standard Chartered Unlimited Cashback Credit Card is often compared to other cashback promos. 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; 3% cashback rate for first six months with the AMEX True Cashback Card (on a total of S$5,000)
  • 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
  • Dining Deals with each bank’s gourmet programme

One difference between these two cards is that the AMEX True Cashback Card has a slightly lower annual fee at S$171.20, while the Standard Chartered Unlimited Cashback Credit Card’s annual fee is at S$192.60.

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


ALSO READ: Best Cashback 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:

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 you are able to meet these requirements stated by the respective banks. More often than not, the cashback you may earn is capped at a certain amount. Either that, or a minimum spend is required.

With the Standard Chartered Unlimited Cashback Card, you can enjoy 1.5% cashback wherever you want and however you want. If you don’t want to bother yourself with the hassle of tracking your spend amount and/or eligibility, yet still be able to earn some cashback whenever you swipe your card, this card is your answer.

Eligibility Requirements

The minimum age requirement to apply for the Standard Chartered Unlimited Cashback Credit Card is 21 years old. The minimum annual income for Singaporeans and Permanent Residents required is S$30,000. For foreigners, it is S$60,000. Other terms and conditions apply.

Exclusive Offer for New Card Holders

From now until 31 December 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.

Standard Chartered Unlimited Cashback Credit Card

Receive up to S$138 cashback when you apply!

Apply Now


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? From the mere looks of it, it seems very much so.

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