Standard Chartered Simply Cash Credit Card: 1.5% Uncapped Cashback, S$710 Gifts & More

The Standard Chartered Simply Cash Credit Card stands out for those who love simplicity and value. The star feature is 1.5% unlimited cashback on every eligible dollar spent. With no minimum spend or cashback caps, all your purchases—from groceries to bills—help you earn more. For new customers, approval comes with an attractive welcome package: S$610 Samsonite luggage plus S$100 cashback if you spend S$800 within 60 days.

Expect competitive interest rates, with an effective rate (EIR) of 27.9% per annum if outstanding balance isn’t paid in full monthly. The first-year fee is waived; subsequent years cost S$196.20 (with GST). Credit limits are set according to your income and bank assessment, catering for flexible usage.

How to Apply – Step by Step

1. Check that you meet the minimum age (21), citizenship, and income requirements (S$30,000/year for Singaporeans/PR, S$90,000/year for foreigners).
2. Prepare necessary documents such as NRIC, payslips, or your MyInfo with Singpass for an instant online application.
3. Apply via the Standard Chartered website, filling in personal details and uploading your documents.
4. If eligible, receive digital card approval almost instantly for immediate usage while waiting for your physical card.

Pros of the Simply Cash Credit Card

One of the best features is the hassle-free 1.5% cash rebate with no minimum spend. You don’t need to track spending categories or worry about monthly caps.

The generous welcome gift, comprising premium luggage and direct cashback, sweetens the deal for new cardholders. Digital card issuance means you can start using your card right after approval, adding lot of convenience.

Cons of the Simply Cash Credit Card

The annual fee after the first year is on the higher end, at over S$196 with GST. Interest charges are significant if you do not pay your balance in full each month.

Additionally, cashback does not apply to all transaction types, like some bill payments and finance charges, limiting earning potential in those cases.

Our Verdict

For those who want straightforward rewards and high convenience, the Standard Chartered Simply Cash Credit Card is a solid choice. The unlimited cashback and strong welcome perks make it attractive for busy individuals who value simplicity. However, ensure you pay off your bill monthly and consider whether your expenses fit the cashback-eligible spending types.