Standard Chartered Credit Card Facts You Need to Know Before Signing Up

Choosing a credit card is not as easy as it seems. But you can consider Standard Chartered Credit Card for it.

Over the years, Singaporeans have started to open up for the benefits credit cards offer. However, 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.

Credit: https://www.sc.com/sg/credit-cards/

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 cashback with no minimum pay, offering 1.5% in all eligible spending. However, this excludes retail transactions, funds transfers, and online banking transactions. The annual fee is $192.60 (waived for the first two years) with an EIR of 25.9% per annum.

Standard Chartered MANHATTAN World Mastercard

You can earn cashback as much as $800. It 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 $200 per quarter.

Standard Chartered MANHATTAN $500 Card

You can get 0.25% Cashback awarded monthly and reflected on your monthly bill. It is a student-friendly card to help students purchase much-needed school needs. The credit limit is only $500 (thus the name).

Standard Chartered Visa Infinite Credit Card

With every $1 spent, you can get 2.5 points. This card is offered by invitation only, with an annual fee of $300.

Standard Chartered Platinum Visa/Mastercard Credit Card

With every $1 spend, you can get 2 reward points if you spend more than $1,000. If you spend less than $1,000, every dollar spent will only earn one reward point. The annual fee is $192.60, waived for three years.

Standard Chartered Business Platinum Credit Card

Earn one reward point for every dollar spent. In addition, an annual fee of $192.60 is waived for three years.

Standard Chartered Tigerair Platinum Credit Card

You can choose between the Upfront Rewards plan, which gives you up to two one-way tickets if you sign up now or the Future Rewards plan, which lets you redeem at least a one-way plane ticket after spending $8,000. If you choose the first one, you need to spend at least $5,000 for the next 12 months. Should you cancel the Upfront Rewards plan, you will be charged $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 spending and 2% cashback on grocery purchases. In addition, the card comes with an annual fee of $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 are equivalent to $12.00 cash value to Pay Insurance Premiums. The subsequent 300 points are converted to $1.20.

Standard Chartered PruPrestige Visa Signature Credit Card

PruPrestige Visa Signature Credit Card is a card exclusively availed by invitation only. 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 $12.00 cash value to Pay Insurance Premiums. The 3,000 points are the minimum redemption. The subsequent 300 points are converted to $1.20.

Standard Chartered Credit Card Promotion 2017

360° Rewards programme

With the 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 Platinum Visa/MasterCard cardholders, Prudential Platinum Card, Platinum Business Card, and NUSA Platinum Card. The 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.

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 cap is at $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. The 6-month tenor is charged a 2% processing fee, and the 12-month tenor is charged a 5% processing fee.

Standard Chartered 0% Interest Instalment

The 0% Interest Instalment offer is for up to 36 months. Of course, there will be no interest charges unless you miss 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 to your credit limit.

Standard Chartered Recurring Payment Plan

You can actually consolidate your bills with Standard Chartered credit cards. For example, you can just track one due date. However, there are only specific bills you can pay for this feature.

Standard Chartered EasyPay

You can buy anything in instalment with EasyPay. Convert the purchase to $500 a month for six months or $250 a month for 12 months. Make sure that you look at the Service Fee and the Effective Interest Rate.

Important Facts on Standard Chartered Credit Cards

• The credit limit is up to four times your monthly salary. Of course, you may request 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 payment date. It is valid with cash advances and instalment plans. Remember to pay as soon as possible, or your bill will increase each day.
• The cash advance fee per transaction is 6% on the Cash Advance, and this is subject to a minimum fee of $15, in addition to finance charges at 0.077% per day.
• The over limit fee is $40. Suppose you are unable to foresee your expenses. You will have to pay for the over limit fee. Also, you will be unable to use your credit card unless you settle your credit card bill.
• In addition, you will share your credit data with Credit Bureau (Singapore) Pte Ltd. They will record your payment behaviour to reference your future financial transaction with banks and moneylenders. So always keep your credit score healthy.

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. Instead, choose a card that lets you earn rewards while spending just for what you can afford.

On the other hand, if you have a financial emergency that requires cash, you can get a loan from Cash Mart.

Cash Mart gives quick cash loans when you need them the most with the most competitive interest rates and features. Call Cash Mart today.