Choosing a credit card is not as easy as it seems.
Over the years, Singaporeans have started to open up for the benefits credit cards have to offer. With too many choices offered by banks, you need to take the time and shop around.
Standard Chartered Credit Card also has a couple of credit cards. However, before you sign up, you need to know if this card fits your needs more than your wants.
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Standard Chartered Credit Card Singapore
Standard Chartered Unlimited Cashback Credit Card
Unlimited Cashback Credit Card is famous for keeping true to its name. It has no cap for its cashbacks with no minimum pay, offering 1.5% in all eligible spends. However, this excludes retail transactions, funds transfer and transactions using online banking. The annual fee is $192.60 (waived for the first two years) with EIR of 25.9% per annum.
Standard Chartered MANHATTAN World Mastercard
You can earn cashback as much as S$800. This will depend on the total amount of your eligible spend. Do not forget that this card has a cap on its cashback which is only S$200 per quarter.
Standard Chartered MANHATTAN $500 Card
You can get 0.25% Cashback awarded monthly and reflected on your monthly bill. This is a student-friendly card to help student purchase much-needed school needs. The credit limit is actually only S$500 (thus the name).
Standard Chartered Visa Infinite Credit Card
With every S$1 spend, you can get 2.5 points. This card is offered by invitation only, with an annual fee of S$300.
Standard Chartered Platinum Visa/Mastercard Credit Card
With every S$1 spend, you can get 2 reward points if you spend more than S$1,000. If you spend less than S$1,000, then every dollar spent will only earn only one reward point. The annual fee is S$192.60 waived for three years.
Standard Chartered Business Platinum Credit Card
Earn one reward point for every dollar spend. Annual fee of S$192.60 is waived for three years.
Standard Chartered Tigerair Platinum Credit Card
You can choose between Upfront Rewards plan which gives you up to two one-way tickets if you sign up now or Future Rewards plan which lets you redeem at least one-way plane ticket after spending S$8,000. If you choose the first one, you need to spend at least S$5,000 for the next 12 months. Should you cancel the Upfront Rewards plan, you will be charged with S$100.
Standard Chartered SingPost Platinum Visa Credit Card
Charge a minimum of $600 in one month to get a 7% cashback on eligible online purchases. You can also get 0.2% cashback on retail spends and 2% cashback on grocery purchases. The card comes with an annual fee of S$192.60 which is waived for the first two years.
Standard Chartered Prudential Platinum Credit Card
Cardholders can convert reward points to offset the Prudential Insurance Premium Payments. The first 3,000 points is equivalent to S$12.00 cash value to Pay Insurance Premiums. The subsequent 300 points are converted to S$1.20.
Standard Chartered PruPrestige Visa Signature Credit Card
PruPrestige Visa Signature Credit Card is a card exclusively availed by invitation only. This means that you will need a minimum of $100,000 in single premiums or $10,000 in annual premiums. Of course, you will need a good credit standing too. The first 3,000 points are equivalent to S$12.00 cash value to Pay Insurance Premiums. The 3,000 points are the minimum redemption. The subsequent 300 points are converted to S$1.20.
Standard Chartered Credit Card Promotion 2017
360° Rewards programme
With 360° Rewards programme, you can earn rewards in almost any spend you make with Standard Chartered Credit Card. Get one reward point for every dollar spent with the SC credit card. The points are valid for three years
This promotion is offered only to cardholders of Platinum Visa/MasterCard, Prudential Platinum Card, Platinum Business Card, and NUSA Platinum Card. Applicable pointing system is only starting from the second month of the card onwards.
The Good Life®
With The Good Life® promotions, the cardholders can enjoy 167 offers in Singapore including dining, retail and online purchases. However, take the time to read the required minimum spend to get the specific promo you want to avail.
20% cashback on Uber fares globally up to $50 each month
The Standard Chartered and Uber 2017 Promotion is valid only until 30 September 2017. Eligible Cardholders can earn 20% Cashback valid for transactions with Uber in the same month. You need to make a minimum spend of S$600 in a month.
25.07% savings on monthly fuel purchase at Caltex
The Standard Chartered and Caltex 2017 Promotion is valid until 30 June 2017. This promo is subject to a minimum spend of $600 on retail within the same amount. The maximum rebate is capped at S$90 during the promotional period.
Standard Chartered Credit Card Features
- Standard Chartered Fund Transfers
You can transfer funds to any bank’s current or savings account. You can even pay your credit card bills in other banks. The 0% interest offer on funds transfer is valid for either the 6 or 12 month tenor valid until 31 December 2017. The 6-month tenor is charged with 2% processing fee and the 12-month tenor is charged with 5% processing fee.
- Standard Chartered 0% Interest Instalment
The 0% Interest Instalment is offered up to 36 months. Of course, there will be no interest charges unless you missed your monthly payments. Make sure not to exceed your credit limit. If you use this feature, the whole amount of the item will be charged on your credit limit.
- Standard Chartered Recurring Payment Plan
You can actually consolidate your bills with Standard Chartered credit cards. You can just track one due date. However, there are only certain bills which you can pay with this feature.
- Standard Chartered EasyPay
You can buy anything in instalment with EasyPay. Convert the purchase into S$500 a month for six months or S$250 a month for 12 months. Make sure that you take a look at the Service Fee and the Effective Interest Rate.
- The credit limit is up to four times your monthly salary. You may request for a higher amount, but make sure that you won’t be tempted to spend more than you can afford.
- Interest is calculated from the date of the transaction to the date of payment. This is true with cash advance and instalment plans. Remember to pay as soon as possible, or your bill will increase each day.
- Cash advance fee per transaction is 6% on the Cash Advance and this is subject to a minimum fee of S$15, in addition, to finance charges at 0.077% per day.
- Over limit fee of S$40. If you are unable to foresee your expenses. You will have to pay for the over limit fee. You will also be unable to use your credit card unless you settle your credit card bill.
- Your credit data will be shared with Credit Bureau (Singapore) Pte Ltd. This means that your payment behaviour will be recorded for the reference of your future financial transaction with banks and moneylenders.
When you hold a credit card, you must also look at the terms and conditions aside from the promo it brings. Do not be tempted to spend more just to get rewards, miles or cashback. Choose a card that lets you get rewards while spending just for what you can afford.
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