Find out how a Cashback credit card works, and the difference between Cashbacks and cash rebates.

Standard Chartered Unlimited Cashback Credit Card Review 2020

Standard Chartered Unlimited Cashback is a simple and straightforward credit card, ideal for the general consumer but especially for big spenders who transact over a wide genre of products.

Consumers who prefer to spend only in specialised areas like dining, or online shopping might not reap the best rewards.

Standard Chartered Unlimited Cashback Credit Card simply breaks all limits as it offers 1.50% cashback on all types of spending, with no minimum spending requirement and no cashback cap. Yes, you heard that right, No Cashback Cap on top of Zero Minimum Spend.

The accumulated Cashback amount will then be automatically offset in your next billing statement. With Standard Chartered Credit Card comes their Good Life rewards programme - where you stand to save up to 20% off selected Caltex fuel, and 30% off Senoko energy bills.

Key Features and Benefits of Standard Chartered Unlimited Cashback Credit Card

These are some features of the Standard Chartered Unlimited Cashback Credit Card and the Cashback benefits it has to offer.

Is Standard Chartered Unlimited Cashback the Best Credit Card of 2020?

Pros

Standard Chartered Unlimited Cashback is a simple and straightforward credit card, ideal for the general consumer but especially for big spenders who transact over a wide genre of products.

Cons

Consumers who prefer to spend only in specialised areas like dining, or online shopping might not reap the best rewards.

Eligibility for Standard Chartered Unlimited Cashback Credit Card

To be eligible for the Standard Chartered Unlimited Cashback Credit Card, you'll have to meet the following criteria:

• 21 to 65 years old
• For Singaporeans and PRs: Minimum annual income of S$30,000
• For Foreigners: Minimum annual income of S$60,000

Promotions for Standard Chartered Unlimited Cashback Credit Card

• New Standard Chartered Unlimited Cashback Credit Card member sign-ups enjoy $80 cashback (New CC Cashback)
• Promotion is valid till 30 June 2020
• Enjoy S$180 cashback sign-up gift when new applicants apply through MyInfo

Fees and Charges for Standard Chartered Unlimited Cashback Credit Card

• Annual Principle Fee: $192.60
• Annual Supplementary Card fee: $96.30
• Fee waiver: 2-year annual fee waiver
• Annual Interest Rate: Prevailing interest rate of 26.9% p.a. (subject to compounding if the charges are not repaid in full) on the amount withdrawn, chargeable of 0.074% on a daily basis from the date of withdrawal until receipt of full payment.
• Minimum Monthly Payment: 3% of the statement balance (or S$50, whichever is greater)
• Late Payment Charge: A fee of S$80 applies if the minimum payment is not received by the due date, the Effective Interest Rate (EIR) will be raised to 28% per annum if the minimum payment due is not received by the due date. Once the payment is made full, your account will revert back to the original 26.9$ EIR
• Cash Advance Fee: 6% per transaction. A minimum fee of S$15 with finance charges of 0.077% per day till the date of full payment

Terms and Conditions of Standard Chartered Unlimited Cashback Credit Card

• For transactions to be eligible for cashback, they cannot be cash advance, balance or funds transfers bill payments, etc, all of which are stated in the Unlimited Cashback FAQ here.
• To be eligible for the Credit Card Sign-Up Promotion, you must apply for one of the eligible cards and to be a new member of Standard Chartered. Lastly, activate the physical card within 30 days of card approval
• If are an existing Standard Chartered Cashback member, you are able to receive up to S$20 Cashback (Existing CC Cashback)
• For the Cashback amount, it is subjected to current and existing Cashback Cap
• Cards that are eligible for Cash Back Standard Chartered: Unlimited Cashback Credit Card, Rewards+ Credit Card, Platinum Visa/Mastercard Credit Card, Spree Credit Card, NUS Alumni Platinum Credit Card, Prudential Platinum Credit Card, Prudential Visa Signature Credit Card, and Priority Banking Visa Infinite Credit Card
• EZ-Link facility is discontinued for Standard Chartered Unlimited Cashback Credit Cards since 8 December 2019
• You are able to retrieve your free credit report within 30 calendar days upon the approval of the credit card

Still unsure? Find out everything you need about credit cards - including what the best credit cards in Singapore are for miles and Cashback, factors to consider before getting one, fees to know, and why a good credit score matters.

You can also ask questions (anonymously, if you'd prefer) in Seedly Community.

How to Apply for SCB Unlimited Cashback Credit Card

• Apply Online or
• Visit Standard Chartered Branches

About Standard Chartered

Standard Chartered Bank in Singapore has a history of 150 years in Singapore. They aim to drive commerce and prosperity through unique diversity. There is a network of 16 branches, 6 Priority Banking centres and 27 ATMs in Singapore. Standard Chartered Bank is one of the first international banks to receive a Qualifying Full Bank (QFB) license which is a recognition of the group's long-standing commitment to their consumers in Singapore.