Standard Chartered
Enjoy 1.5% unlimited cashback on all spends, S$710 worth of welcome gifts for new cardholders and a waived annual fee in your first year.
The Standard Chartered Simply Cash Credit Card is making waves in Singapore for its uncapped 1.5% cashback on all eligible spend, with no minimum spend needed. It’s especially attractive right now, as new applicants are entitled to up to S$710 in welcome gifts. Annual fees are waived in the first year, while the prevailing interest rate (EIR) stands at 27.9% per annum, so timely payment is advised to avoid high charges.
Applicants must be aged between 21 and 65. The minimum annual income requirement is S$30,000 for Singaporeans and PRs, or S$90,000 for foreigners with a valid Employment Pass. Credit limit is subject to Standard Chartered’s assessment based on your documents and income profile.
How to Apply: Simple Steps
- Prepare your NRIC (or passport and employment pass if a foreigner) and proof of income or use MyInfo (SingPass holders need no extra docs).
- Submit your application via Standard Chartered’s online portal.
- Wait for approval – successful applicants receive a digital card instantly.
- Spend at least S$800 within 60 days to qualify for the full S$710 gifts.
Pros: Why Consider This Card?
Unlimited 1.5% cashback across all spending categories means there’s no second guessing which card to use or fussing over exclusions and tiers.
The S$710 welcome bundle, which includes a 25” Samsonite luggage and S$100 cashback, is among the most generous offers in Singapore for new-to-bank clients.
Cons: What to Watch Out For
The effective interest rate of 27.9% a year is hefty, so this card benefits only those who pay off their monthly bill in full.
Annual fee waiver is only for the first year, after which you’ll be charged S$196.20 a year. Also, spending outside eligible transactions like some insurance or educational payments may not earn cashback.
Our Verdict
The Standard Chartered Simply Cash Credit Card is a straightforward option for high cashback without caps, plus an impressive welcome gift set. It works best for disciplined spenders who pay in full each month and want simplicity combined with perks. If you meet the income criteria and prefer hassle-free rewards over complicated points redemptions, this card deserves serious consideration.
