If you’re looking for a credit card that offers a range of benefits, the Standard Chartered Rewards+ Credit Card might be the perfect option for you. This credit card comes with a variety of features that can help you save money and earn rewards. With no minimum spend requirement, you can start earning rewards points right away.
One of the key benefits of the Standard Chartered Rewards+ Credit Card is that it offers accelerated rewards points for foreign currency spending on overseas retail, dining, and travel. You can earn up to 10X rewards points for every S$1 spent in foreign currency. Additionally, you can earn up to 5X rewards points for every S$1 spent on dining and online shopping. This makes it a great card for those who love to travel or enjoy dining out frequently.
Another great thing about the Standard Chartered Rewards+ Credit Card is that it offers a variety of other perks, including exclusive discounts on travel bookings, access to airport lounges, and complimentary travel insurance. With all of these benefits, it’s easy to see why this credit card is a popular choice for many people.
1 Min Read
Looking for a credit card that rewards you for everyday spending? The Standard Chartered Rewards+ Credit Card might be the perfect fit. Here’s a quick rundown:
- Earn up to 10x rewards points on overseas spending and 5x points on local dining.
- No minimum spend requirement – start earning rewards right away.
- Enjoy exclusive deals and discounts on dining, travel, and shopping.
- Complimentary travel insurance for added peace of mind.
Ideal for: Frequent travelers, foodies, and those who want to maximize their rewards potential.
Things to consider: Annual fee applies (first year waived), points capped at 20,000 annually.
Want to learn more? Check out the full review for a deeper dive into the card’s features and benefits.
Overview of Standard Chartered Rewards+ Credit Card
Are you in search of a credit card that offers you great rewards? Look no further than the Standard Chartered Rewards+ Credit Card! This Visa card is packed with features that make it an exciting choice for anyone looking for a credit card with rewards.
The Standard Chartered Rewards+ Credit Card is designed to make your life easier and more rewarding. With this card, you can earn up to 10x rewards points on foreign currency spend, 5x rewards points on local dining spend, and 1x rewards point on all other spend. These points can be redeemed for a wide range of rewards, including cashback, shopping vouchers, and air miles.
One of the best things about the Standard Chartered Rewards+ Credit Card is that it comes with no minimum spend requirement. This means that you can start earning rewards from the very first dollar you spend on the card. Additionally, the card comes with a low annual fee, making it an affordable choice for anyone looking for a credit card with rewards.
Another great feature of the Standard Chartered Rewards+ Credit Card is that it comes with a host of exclusive privileges, including discounts on dining, shopping, and travel. You can also enjoy complimentary travel insurance when you charge your travel expenses to your card.
Key Features and Benefits
If you’re looking for a credit card that rewards you for your spending, the Standard Chartered Rewards+ Credit Card is worth considering. Here are some of the key features and benefits of this card:
Reward Points and Redemption
With the Standard Chartered Rewards+ Credit Card, you can earn reward points on all your spending. You’ll earn 1 reward point for every S$1 you spend on general purchases, and 5 reward points for every S$1 you spend on dining. If you spend in foreign currency, you’ll earn an impressive 10 reward points for every S$1 spent.
You can redeem your reward points for a variety of items, including vouchers, gifts, and air miles. Standard Chartered has a rewards catalogue that lets you browse all the available redemption options.
Dining and Local Spend Rewards
One of the best things about the Standard Chartered Rewards+ Credit Card is the rewards you can earn on dining. You’ll earn 5 reward points for every S$1 you spend at local dining establishments, including cafes, restaurants, and bars. If you’re a foodie, this card can help you save money on your dining expenses.
Travel Perks and Insurance
If you travel frequently, the Standard Chartered Rewards+ Credit Card has some great perks for you. You’ll get free travel insurance when you charge your travel expenses to your card. This insurance covers you for things like flight delays, lost luggage, and medical expenses.
Shopping and Online Spend Benefits
The Standard Chartered Rewards+ Credit Card also offers some great benefits for shopping and online spending. You’ll get access to exclusive discounts and privileges at a variety of merchants, both online and offline. This can help you save money on everything from clothes to electronics.
Understanding the Fees and Charges
If you are considering the Standard Chartered Rewards+ Credit Card, it is essential to understand the fees and charges associated with this card. In this section, we will break down the different fees and charges in detail.
Annual Fee and Waivers
The Standard Chartered Rewards+ Credit Card charges an annual fee of S$150. However, the first-year annual fee is waived, which is a great perk for new cardholders. Additionally, if you spend at least S$6,000 annually, the annual fee for the subsequent year will be waived.
Interest Rates and Charges
The interest rates for the Standard Chartered Rewards+ Credit Card are reasonable compared to other credit cards in the market. The interest rate for purchases is 19.9% APR variable, which is subject to change. The interest rate for cash advances is 27.9% APR variable, which is also subject to change.
Foreign Currency and Transaction Fees
When you use your credit card abroad, you may be subject to foreign currency transaction fees. The Standard Chartered Rewards+ Credit Card charges a foreign currency transaction fee of 2.99% of the transaction amount. Additionally, if you withdraw cash using your credit card abroad, you will be subject to a cash advance transaction fee of 3% of the transaction amount.
Late Payment Fee and Overlimit Fee
If you miss a payment or do not pay the minimum amount due on your credit card, you will be subject to a late payment fee of S$12. Additionally, if you exceed your credit limit, you will be subject to an overlimit fee of S$12.
Eligibility and Application Process
If you’re excited about getting the Standard Chartered Rewards+ Credit Card, here’s what you need to know about eligibility and the application process.
Criteria for Singaporeans and PRs
To be eligible for the Standard Chartered Rewards+ Credit Card, you must be a Singaporean or Permanent Resident (PR) aged between 21 to 65 years old. You should also earn a minimum annual income of S$30,000. Additionally, you must have a valid National Registration Identity Card (NRIC) and an Income Tax Notice of Assessment.
Requirements for Foreigners
Foreigners who want to apply for the Standard Chartered Rewards+ Credit Card must meet certain criteria. You must be between 21 to 65 years old and earn a minimum annual income of S$60,000. Additionally, you must hold a valid Singapore Employment Pass.
Application Documentation
When applying for the Standard Chartered Rewards+ Credit Card, you will need to provide certain documentation. This includes a completed application form, your passport, a computerised payslip, and a CPF contribution history statement. You will also need to provide your SingPass login details to complete the application process online.
Tip
Looking to boost your chances of approval for the Standard Chartered Rewards+ Credit Card? Ensure your application stands out by highlighting your consistent income. Lenders favor applicants with steady earnings, so consider attaching proof of long-term employment or stable income sources alongside your application.
Moreover, keep your credit utilization low and maintain a healthy credit score to increase your chances of approval. Remember, a little extra effort in presenting your financial stability can go a long way in securing your desired credit card!
Rewards+ Card Management and Services
If you’re looking for a credit card that offers a range of management and service options, the Standard Chartered Rewards+ Credit Card might be the perfect choice for you. Here are some of the management and service features that come with the card:
Online and Mobile Banking
With the Standard Chartered Rewards+ Credit Card, you can easily manage your account online or through the mobile app. You can view your account balance, transaction history, and rewards points balance, as well as pay your bills and transfer funds between accounts. You can also set up alerts to keep track of your spending and receive notifications when your payment is due.
Customer Support and Hotlines
Standard Chartered offers a range of customer support options to help you with any questions or issues you may have. You can contact their customer service hotline 24/7 for assistance with your account, or use their online chat feature to speak with a representative. If you’re travelling abroad, you can also use their international toll-free number to get in touch with customer service.
Supplementary Cards and Family Sharing
The Standard Chartered Rewards+ Credit Card also offers supplementary cards for your family members, allowing you to share your rewards points and earn even more rewards. You can also set spending limits on each supplementary card to help manage your family’s expenses. Furthermore, the card allows for contactless payments, making it easier and quicker to make purchases without having to physically handle your card.
Comparative Analysis
Rewards+ Card vs Other Standard Chartered Cards
When it comes to Standard Chartered credit cards, you have several options to choose from. However, the Rewards+ Card stands out with its unique features and benefits. For example, unlike the Unlimited Cashback Card, which only offers cashback on all spend, the Rewards+ Card offers accelerated rewards points on dining and foreign currency spending. Additionally, the Rewards+ Card has no minimum spend requirement, unlike some other Standard Chartered credit cards such as the Visa Infinite.
Another Standard Chartered card that is often compared to the Rewards+ Card is the Standard Chartered Smart Credit Card. While both cards offer a range of benefits, the Rewards+ Card comes with a higher earn rate for rewards points, especially for dining and foreign currency spending. Additionally, the Rewards+ Card offers several perks such as free travel insurance and discounts on dining and entertainment.
Rewards+ Card vs Competitor Cards
If you’re looking for a credit card that offers rewards points, you have several options from other banks as well. For example, the HSBC Revolution Card and the Citi Rewards Card are two popular options that offer accelerated rewards points on dining and entertainment spending. However, compared to the Rewards+ Card, these cards have a higher minimum spend requirement to earn rewards points.
When it comes to foreign currency spending, the Rewards+ Card offers a higher earn rate compared to the HSBC Revolution Card. Additionally, the Rewards+ Card has no cap on the number of rewards points you can earn, unlike some competitor cards.
Maximising Card Benefits
Strategies for Earning Maximum Points
To make the most of your Standard Chartered Rewards+ Credit Card, you can earn points in various ways. By utilising your card for everyday spending such as dining, retail, and travel, you can accumulate points quickly. Look out for bonus points promotions and consider using your card for both local and overseas dining to maximise your rewards.
Consider setting up automatic payments for regular expenses such as utility bills and subscriptions to ensure that you meet the minimum spend requirements and earn points consistently. Additionally, keep an eye out for special promotions that allow you to earn extra points for specific categories of spending.
Utilising Promotions and Sign-Up Offers
When you first sign up for the Standard Chartered Rewards+ Credit Card, take advantage of the sign-up offers to kickstart your rewards journey. Look for promotions that offer bonus rewards points for meeting specific spending targets within a set timeframe. By making strategic purchases during promotional periods, you can earn additional points and accelerate your rewards accumulation.
Keep an eye out for exclusive card offers and rebate programmes that can provide additional value. By staying informed about the latest promotions and leveraging sign-up offers, you can maximise the benefits of your Standard Chartered Rewards+ Credit Card and enhance your overall rewards experience.
Additional Perks and Partnerships
As a Standard Chartered Rewards+ Credit Cardholder, you get to enjoy a wide range of benefits and privileges that make your experience with the card even more exciting. Here are some of the additional perks and partnerships that come with the card:
Dining and Entertainment Deals
One of the biggest advantages of the Standard Chartered Rewards+ Credit Card is the dining and entertainment deals that come with it. You get to enjoy up to 50% off your dining bills at some of the most popular restaurants in town. Plus, you also get exclusive access to some of the hottest entertainment events in the country.
Travel and Hotel Collaborations
If you are a frequent traveller, you will love the travel and hotel collaborations that come with the Standard Chartered Rewards+ Credit Card. You get to enjoy exclusive travel deals, discounts on hotel bookings, and even complimentary travel insurance. Plus, you also get to earn rewards points for every dollar you spend on your travel expenses.
Retail Partnerships and Exclusive Offers
The Standard Chartered Rewards+ Credit Card also comes with a range of retail partnerships and exclusive offers that you will love. You get to enjoy discounts and special deals at some of the biggest shopping malls and retail outlets in the country. Plus, you also get to earn rewards points for every dollar you spend on your shopping expenses.
In addition to these partnerships, the Standard Chartered Rewards+ Credit Card also has collaborations with Grab and Google. With Grab, you get to enjoy exclusive discounts on your rides when you pay with your card. With Google, you get to enjoy a range of discounts and deals on Google products and services.
Frequently Asked Questions
What are the standout benefits of the Standard Chartered Rewards+ Credit Card?
The Standard Chartered Rewards+ Credit Card offers a range of benefits that make it a great option for those looking to maximise their rewards. Some of the standout benefits of this card include earning 10X rewards points on overseas dining, retail and travel spends, 5X points on local dining, and the ability to earn up to 20,000 bonus points per year. Additionally, the card comes with a host of other perks, such as exclusive dining and travel privileges, access to airport lounges, and more.
How do I redeem points with the SCB Rewards programme?
Redeeming your rewards points with the SCB Rewards programme is easy and hassle-free. Simply log in to your SCB Rewards account, select the rewards you want to redeem, and follow the instructions provided. You can choose from a wide range of rewards, including cashback, vouchers, air miles, and more.
What is the processing time for a new Standard Chartered credit card application?
The processing time for a new Standard Chartered credit card application can vary depending on a range of factors, such as your credit score, income, and other financial details. However, in general, the application process is quick and easy, and you can expect to receive a decision on your application within a few days.
Are there any notable exclusions to be aware of when earning reward points?
While the Standard Chartered Rewards+ Credit Card offers a range of benefits and rewards, there are some notable exclusions to be aware of. For example, the card’s 10X rewards points offer is only applicable for foreign currency spending on overseas retail, dining and travel. Additionally, the bonus points cap is set at a maximum of 20,000 bonus points per year.
How does the Standard Chartered Rewards+ Credit Card compare to the Smart Credit Card?
The Standard Chartered Rewards+ Credit Card and the Smart Credit Card are both great options for those looking to maximise their rewards. However, the Rewards+ Credit Card is geared more towards travel and dining spend, whereas the Smart Credit Card offers a wider range of benefits, such as cashback on all spend, no minimum spend requirements, and more.
Is the rewards programme associated with the Standard Chartered Rewards+ Credit Card truly beneficial?
Yes, the rewards programme associated with the Standard Chartered Rewards+ Credit Card is truly beneficial. With the ability to earn up to 10X rewards points on overseas dining, retail and travel spends, and 5X points on local dining, the card offers a range of benefits that can help you save money and earn rewards. Additionally, the card comes with a host of other perks, such as exclusive dining and travel privileges, access to airport lounges, and more.
APPLYING FOR LOANS WAS NEVER SIMPLER
The rising costs of daily necessities and the allure of new gadgets have fueled the demand for personal loans in Singapore. Regardless of your specific reason, a personal loan can bridge the gap between your needs and your current financial resources.
Quick Credit Pte Ltd, a licensed moneylender in Jurong, offers a streamlined application process:
- NRIC / Work Pass
- Latest 3 months payslip
- CPF Contribution Statements (Singaporean citizens only)
- Proof of Address (Foreigners only)
Apply online or call us at 68996188. Alternatively, visit our Quick Credit office at IMM Building, 2 Jurong East Street 21, #04-01A/B.
Take control of your finances today. Apply now!