Looking for a credit card that offers fuss-free cashback with no minimum spend requirements and no rebate caps? Look no further than the Standard Chartered Simply Cash Credit Card. This credit card is perfect for students and first jobbers who are looking for a credit card that offers a flat 1.5% rebate rate on all eligible spend.
With the Standard Chartered Simply Cash Credit Card, you can enjoy unlimited cashback on all eligible spend, including dining, shopping, and petrol purchases. This credit card also offers additional benefits such as Caltex petrol discounts, making it an all-rounded card for individuals in Singapore who prefer a fuss-free cashback credit card. So why wait? Apply for the Standard Chartered Simply Cash Credit Card today and start earning cashback on all your eligible spend.
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Looking for a no-fuss cashback card with no minimum spend and no cap? Look no further than the Standard Chartered Simply Cash Credit Card. This card offers a flat 1.5% cashback on all your eligible spending, making it a great option for everyday purchases.
Key features:
- Unlimited 1.5% cashback: Earn cashback on everything from groceries to dining to big-ticket purchases.
- No minimum spend: Earn cashback no matter how much you spend.
- Annual fee waiver: Enjoy the first two years fee-free, then waive it by spending S$6,000 annually.
Who is it good for?
- Individuals looking for a simple and straightforward cashback card.
- Students and first jobbers who want to earn cashback on everyday spending.
Things to consider:
- The card has an annual fee of S$192.60, but it can be waived.
- There are some exclusions to the cashback program, such as cash advances and balance transfers.
Overall, the Standard Chartered Simply Cash Credit Card is a great option for those who want to earn cashback on their everyday spending without worrying about meeting minimum spending requirements or cashback caps.
Key Features at a Glance
If you’re looking for a credit card that offers a fuss-free way to earn cashback on all your spending, the Standard Chartered Simply Cash Credit Card might be just what you need. Here are some key features of the card that you should know about:
Unlimited 1.5% Flat Cashback
With the Standard Chartered Simply Cash Credit Card, you’ll earn unlimited 1.5% cashback on all your eligible spending, with no minimum spend required. This means that you can earn cashback on everything from your daily groceries to your monthly bills to your big-ticket purchases. Plus, there’s no cap on the amount of cashback you can earn, so you can keep earning as much as you want.
No Minimum Spend Requirement
Unlike some other cashback credit cards that require you to spend a minimum amount each month in order to earn rewards, the Standard Chartered Simply Cash Credit Card has no minimum spend requirement. This means that you can earn cashback on every dollar you spend, no matter how much or how little you spend.
Annual Fee Waiver
The Standard Chartered Simply Cash Credit Card has an annual fee of S$194.40, but it’s waived for the first two years. This means that you can enjoy the benefits of the card without having to worry about paying an annual fee. After the first two years, you’ll need to pay the annual fee if you want to continue using the card.
Eligibility and Application
If you are interested in the Standard Chartered Simply Cash Credit Card, you will need to meet certain eligibility requirements. Here’s what you need to know to apply for the card.
Income Requirement for Singaporeans and PRs
To apply for the Standard Chartered Simply Cash Credit Card, you must be a Singaporean citizen or permanent resident and have a minimum annual income of S$30,000.
Income Requirement for Foreigners
Foreigners who wish to apply for the Standard Chartered Simply Cash Credit Card must have a minimum annual income of S$60,000.
Applying for the Card
To apply for the Standard Chartered Simply Cash Credit Card, you can either visit a Standard Chartered branch in person or apply online. The online application process is quick and easy, and you can expect to receive a response within a few business days.
When applying for the card, you will need to provide some basic personal information, such as your name, address, and contact details. You will also need to provide proof of your income, such as your latest payslip or Income Tax Notice of Assessment.
Once your application has been approved, you can expect to receive your Standard Chartered Simply Cash Credit Card within a few business days.
Rewards and Benefits
If you are looking for a credit card that offers cashback rewards with minimal fuss, the Standard Chartered Simply Cash Credit Card could be the perfect option for you. Here are some of the benefits you can expect:
Cashback Cap and Exclusions
With the Standard Chartered Simply Cash Credit Card, you can earn unlimited cashback on all your eligible spending. There is no cashback cap or minimum spending requirement, so you can earn as much cashback as you want. However, do note that there are some exclusions to the cashback offer, such as cash advances, balance transfers, and bill payments.
Promotions and Sign-Up Bonuses
As a new cardmember, you can enjoy attractive sign-up promotions and bonuses when you apply for the Standard Chartered Simply Cash Credit Card. For example, you can receive cashback or vouchers when you meet the minimum spending requirement within the first few months of card activation. Be sure to check the latest promotions on the official website or with a customer service representative.
Partner Rewards and The Good Life®
The Standard Chartered Simply Cash Credit Card also offers exclusive rewards and benefits when you shop or dine with their partner merchants. You can enjoy discounts, cashback, or other privileges when you use your card at participating merchants. Additionally, you can access The Good Life® programme, which provides you with exclusive offers and discounts on dining, shopping, travel, and more.
Understanding the Fees
If you’re considering the Standard Chartered Simply Cash Credit Card, it’s important to understand the fees associated with it. Here’s what you need to know:
Annual Fees and Charges
The annual fee for the Standard Chartered Simply Cash Credit Card is S$192.60. However, the bank offers a variety of ways to waive the annual fee, including spending a minimum amount on your card each year or holding a certain type of account with the bank. You can contact the bank to find out more about the different ways to waive the annual fee.
Interest Rates and Overlimit Fee
The interest rate for the Standard Chartered Simply Cash Credit Card is 26.9% p.a. If you do not pay your balance in full by the due date, you will be charged interest on the outstanding balance. Additionally, if you exceed your credit limit, you will be charged an overlimit fee of S$40.
Foreign Transaction and Late Payment Fees
If you use your Standard Chartered Simply Cash Credit Card for foreign currency transactions, you will be charged a fee of 1.5% of the transaction amount. Late payment fees are also charged if you do not pay your minimum payment by the due date. The late payment fee is S$80.
Convenience and Accessibility
The Standard Chartered Simply Cash Credit Card is designed to offer you convenience and accessibility when it comes to managing your finances. Here are some of the features that make it easy to use:
Online Banking and Mobile App
With the Standard Chartered online banking platform and mobile app, you can manage your credit card account from anywhere, at any time. You can check your balance, view your transaction history, and pay your bills online. The mobile app also allows you to set up notifications for your transactions, so you can keep track of your spending.
SimplyGo Function and EZ-Reload
The SimplyGo function is a convenient way to pay for your public transport fares using your Standard Chartered Simply Cash Credit Card. You don’t need to top up your card or carry cash with you. Simply tap your card on the reader when you board and alight from the bus or train. You can also use EZ-Reload to automatically top up your card when your balance falls below a certain amount.
Global Acceptance with Visa/Mastercard
The Standard Chartered Simply Cash Credit Card is accepted in over 200 countries and territories worldwide, wherever Visa/Mastercard is accepted. This means you can use your card to make purchases and withdraw cash from ATMs while travelling abroad. You can also enjoy exclusive offers and discounts when you use your card at selected merchants around the world.
Comparing with Other Cards
If you’re looking for a cashback credit card, you might be wondering how the Standard Chartered Simply Cash Credit Card stacks up against other popular options. Here’s a quick comparison of the Simply Cash Credit Card with a few other top cards in Singapore.
Amex True Cashback Card
The American Express True Cashback Card is another popular cashback card in Singapore. Like the Simply Cash Credit Card, it has no minimum spend and no cashback cap. However, it offers a slightly lower cashback rate of 1.5% compared to the Simply Cash Credit Card’s 1.6%. One advantage of the Amex True Cashback Card is that it offers a welcome bonus of up to $160 cashback for new cardholders who spend at least $500 in the first month.
UOB One Card
The UOB One Card is a unique cashback card that offers tiered cashback rates depending on how much you spend each month. If you spend at least $500 per month for three consecutive months, you can earn up to 5% cashback on all your spending. However, the UOB One Card has a minimum spend requirement and a cashback cap of $300 per quarter. If you’re a big spender, the UOB One Card might be a better option than the Simply Cash Credit Card.
POSB Everyday Card
The POSB Everyday Card is a cashback card that offers up to 6% cashback on dining, groceries, and online shopping. However, it has a minimum spend requirement of $800 per month and a cashback cap of $80 per month. If you spend a lot on dining and groceries, the POSB Everyday Card might be a better choice than the Simply Cash Credit Card.
Tip
Looking for a cashback credit card in Singapore? Here’s an insider’s tip: consider your spending habits. If you’re someone who frequently dines out or shops online, the POSB Everyday Card might offer better rewards with its up to 6% cashback on dining, groceries, and online shopping.
However, if you prefer flexibility without worrying about categories, the Standard Chartered Simply Cash Credit Card could be your go-to with its competitive 1.6% cashback rate and no minimum spend.
Making the Most of Your Card
To truly maximise the benefits of your Standard Chartered Simply Cash Credit Card, here are some tips to keep in mind:
Maximising Cashback and Savings
With the Simply Cash Credit Card, you can enjoy unlimited cashback of up to 1.5% on all eligible spend. To make the most of this, be sure to use your card for all your daily expenses such as groceries, dining, and shopping. You can also earn bonus cashback by meeting certain spending criteria, such as spending S$588 within 30 days of card approval to receive S$288 cashback and a bonus S$28 cashback when you apply for the Simply Cash Credit Card between 6 February to 31 March 2024.
Smart Payment Options with SC EasyBill
With SC EasyBill, you can easily manage your bills and payments in one place. This feature allows you to set up automatic payments for your recurring bills such as utilities, insurance, and telecommunications. By using SC EasyBill, you can earn additional cashback of up to 1% on your eligible spend. This means you can save time and money while earning rewards at the same time.
Fuel Savings with Caltex
As a Simply Cash Credit Cardholder, you can enjoy exclusive fuel savings of up to 21% at Caltex petrol stations. To enjoy these savings, simply use your card when you pump petrol at any Caltex station. This is a great way to save money on your daily commute while earning cashback at the same time.
With these tips in mind, you can make the most of your Standard Chartered Simply Cash Credit Card and enjoy cashback and savings on all your daily expenses.
Responsible Credit Card Use
Using a credit card is a convenient way to manage your expenses, but it’s important to use it responsibly to avoid getting into debt. Here are some tips to help you manage your expenditures and payments, avoid fees, and understand the fine print of your Standard Chartered Simply Cash Credit Card.
Managing Expenditures and Payments
It’s important to keep track of your credit card expenditures and make sure you have enough money to pay off your balance each month. To avoid overspending, create a budget and stick to it. You can also use the Standard Chartered Simply Cash Credit Card app to monitor your spending and set alerts for when you reach certain spending limits.
When it comes to payments, it’s important to pay your credit card bill on time and in full each month. This will help you avoid interest charges and late payment fees. If you’re unable to pay your full balance, make sure you pay at least the minimum monthly payment to avoid additional fees.
Avoiding Fees through Timely Payments
Late payments can result in additional fees and damage your credit score. To avoid late payments, set up automatic payments or reminders to pay your bill on time. You can also make payments through the Standard Chartered Simply Cash Credit Card app or online banking.
In addition to late payment fees, there are other fees you should be aware of, such as annual fees, cash advance fees, and foreign transaction fees. Make sure you understand these fees and how to avoid them.
Understanding the Fine Print
Before applying for a credit card, it’s important to read the fine print and understand the terms and conditions. This includes the interest rate, fees, and rewards program. Make sure you understand the minimum monthly payment and how interest is calculated. You should also be aware of any promotional offers and when they expire.
When using your Standard Chartered Simply Cash Credit Card, make sure you understand the terms and conditions for cash advances, balance transfers, and foreign transactions. These transactions may have different interest rates and fees than regular purchases.
By following these tips and understanding the fine print of your credit card, you can use your Standard Chartered Simply Cash Credit Card responsibly and avoid getting into debt.
Frequently Asked Questions
What fabulous benefits can one enjoy with the Simply Cash Credit Card cashback scheme?
With the Standard Chartered Simply Cash Credit Card, you can earn 1.5% cashback on all your spends, with no minimum spend and no cap on cashback. This means that you can enjoy unlimited cashback on all your purchases, without worrying about any restrictions or limits.
How does the Simply Cash Credit Card stack up against the Smart Credit Card in terms of perks?
The Simply Cash Credit Card is designed to offer you more value and flexibility than the Smart Credit Card. While both cards offer cashback rewards, the Simply Cash Credit Card has no minimum spend requirement, no cap on cashback, and offers a higher cashback rate of 1.5% compared to the Smart Credit Card’s 0.7%.
Could you enlighten me on the annual fee waiver for the Simply Cash Credit Card?
Yes, you can enjoy an annual fee waiver for the first two years when you sign up for the Simply Cash Credit Card. After that, the annual fee is S$192.60 per year, but you can continue to enjoy the waiver by spending a minimum of S$6,000 per year on your card.
What are the specific exclusions to be aware of when using the Simply Cash Credit Card?
While the Simply Cash Credit Card offers a great cashback scheme, there are some exclusions to be aware of. Cashback is not awarded on cash advances, balance transfers, or any fees or charges. In addition, cashback is not awarded for transactions made at merchants that do not accept Mastercard.
What is the minimum expenditure required to make the most of the Simply Cash Credit Card offers?
There is no minimum expenditure required to earn cashback with the Simply Cash Credit Card. You can earn 1.5% cashback on all your purchases, regardless of the amount you spend.
How swift is the application process for obtaining a Simply Cash Credit Card?
The application process for the Simply Cash Credit Card is simple and straightforward. You can apply online in just a few minutes, and receive a response within minutes. Once your application is approved, your card will be delivered to you within a few business days.
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