Standard Chartered Rewards+ Review: Accelerated Points For Foreign & Dining Spends

Alevin Chan

Alevin Chan

Last updated 25 December, 2023

Earn points fast with the Standard Chartered Rewards+ credit on foreign spend and dining.

Rewards points remain a popular perk among credit card users, and we can certainly see the appeal. Compared to cashback and air miles, points provide the widest flexibility, as they can be redeemed for a number of different rewards.

You can use points to redeem vouchers and gift cards at your favourite stores, trade them in for travel perks via air miles, or exchange them for cash credit to offset your spending.

If you’re looking for a new rewards card to add to your collection, and have been spending more on online services, look no further than the Standard Chartered Rewards+ credit card, recently refreshed to make working from home more rewarding than ever.

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Looking for the best credit cards to complement your spending patterns and expenditure in 2024? Check out our Ultimate Credit Card Guide that covers all things credit cards in Singapore – from choosing between a cashback, miles, or rewards credit card to planning your credit card strategy.


What the Standard Chartered Rewards+ Credit Card can do for you

Standard Chartered Rewards+ Card product summary:

  • Bonus rewards points: 10X points on overseas dining, retail and travel spends, 5X points on local dining
  • Bonus points cap: Maximum 20,000 bonus points per 12 months (can continue earning 1 point per $1 after cap)
  • Minimum spend: None required
  • Income requirement: Singaporeans and PR - $30,000/annum, Foreigners - $60,000/annum
  • Annual fee: $196.20 (First year waived; 9% GST w.e.f. 1 Jan 2024)  
Pros ✅ Cons ❌
10 points per $1 on foreign currency spends on overseas retail, dining and travel. Bonus points capped at 20,000 points per 12 months
5 points per $1 spent on local in-restaurant dining Heavily skewed towards foreign and dining spends
No minimum spend required to earn points  
Popular rewards, including gift cards and vouchers from leading brands, KrisFlyer miles  

SingSaver Exclusive Offer: Enjoy the following rewards when you sign up for a Standard Chartered Rewards+ Card. Eligible for new Standard Chartered cardholders only.

Receive a Sony WF-1000XM5 (worth S$429) or a Dyson AM07 (worth S$4590) or a Flujo BEA Ergonomic Office Chair (worth S$509) or up to S$250 cash upon activating and spending min. S$250 within 30 days of card approval. Also, get an additional S$20 e-Capitaland voucher when you make a min. spending of S$800 in your 2nd month. Valid till 30 June 2024.   T&Cs apply.

Receive an additional S$20 e-Capitaland Voucher when you split the payment for your purchases with SCB Easy Pay, pay your bills with SCB Easybill or put any of your purchases on instalment in SCB Savings Account or Current Account within 60 days of approval. Valid till 30 June 2024. T&Cs apply.

Rewards Upgrade Campaign_BLOGARTICLE_800x250

⬆️Reward Upgrade Campaign⬆️: Upgrade your rewards when you top up S$199 for a Flujo Ayla Ergonomic Office Chair (worth S$1,139.00) or a Xiaomi Robot Vacuum X20 UK (worth S$699). Valid till 30 June 2024. T&Cs apply.


Why should you choose the Standard Chartered Rewards+ credit card?

#1: Made for travellers

Overseas retail, dining and travel spends will see you earn up to 10 bonus points. So whether you are shopping in foreign currency or munching on freshly made tarts in Paris, be sure to be rewarded for your spends. Local dining transactions will let you earn up to 5 bonus points.

These accelerated earn rates make the Standard Chartered Rewards+ credit card a great card to use when paying for food during your next date night.


#2: No minimum spend required to earn rewards points

The Standard Chartered Rewards+ credit card is as fuss-free and easy-going as they come. There’s no minimum spend required to enjoy your benefits; charge your transaction to the card and you’ll start earning points from the first dollar spent. 

While the card is geared towards e-commerce, dining and overseas spends, providing bonus points for these transactions, you’ll still earn points for all other transactions at the rate of 1 point per $1 spent.

This makes the Standard Chartered Rewards+ card a convenient and flexible card for all-round use, while providing enhanced benefits for those who spend primarily on online and dining transactions.


#3: No annual fees for first year

The Standard Chartered Rewards+ credit card comes with a complimentary one-year annual fee waiver, allowing you to save a couple hundred bucks from the get-go. 

Depending on how much you use your card, there’s a good chance that you can rack up enough points during the fee-free period to redeem sufficient cash credit, which you can then put towards paying the annual fees from the second year onwards. 


#4: Popular rewards available

The whole point of a rewards credit card is to earn, well, rewards that you like. 

In this area, the Standard Chartered Rewards+ card does well, offering a range of rewards that will let you Live The Good Life® . From dining rewards to shopping discounts, you will be sure to be spoilt for choice. 

If you’d rather use your rewards points for airline tickets, know that you can also exchange your points for KrisFlyer miles to get free flights, upgrades and other travel perks.

And for the more pragmatic-minded, exchanging your points for cash credit to offset your bill may be the most appealing option. 32,000 points will get you a cool $100 credit to your card. 


#5: Manage large transactions with smaller instalments  

The Standard Chartered Rewards+ credit card can also help you manage big-ticket purchases by splitting them up into smaller instalments.

For transactions above $500, you can choose a repayment plan spanning 6, 12 or 24 months. This makes it easier to pay for expensive items while avoiding credit card interest charges.  


What sign-up promotions are available for the Standard Chartered Rewards+ credit card? 

SingSaver Exclusive Offer: Enjoy the following rewards when you sign up for a Standard Chartered Rewards+ Card. Eligible for new Standard Chartered cardholders only.

Receive a Sony WF-1000XM5 (worth S$429) or a Dyson AM07 (worth S$4590) or a Flujo BEA Ergonomic Office Chair (worth S$509) or up to S$250 cash upon activating and spending min. S$250 within 30 days of card approval. Also, get an additional S$20 e-Capitaland voucher when you make a min. spending of S$800 in your 2nd month. Valid till 30 June 2024.   T&Cs apply.

Receive an additional S$20 e-Capitaland Voucher when you split the payment for your purchases with SCB Easy Pay, pay your bills with SCB Easybill or put any of your purchases on instalment in SCB Savings Account or Current Account within 60 days of approval. Valid till 30 June 2024. T&Cs apply.

Rewards Upgrade Campaign_BLOGARTICLE_800x250

⬆️Reward Upgrade Campaign⬆️: Upgrade your rewards when you top up S$199 for a Flujo Ayla Ergonomic Office Chair (worth S$1,139.00) or a Xiaomi Robot Vacuum X20 UK (worth S$699). Valid till 30 June 2024. T&Cs apply.


What charges or fees should you look out for?

  • Annual fee: $196.20 (First year waived; 9% GST w.e.f. 1 Jan 2024)
  • Interest on purchases: 26.9% p.a.
  • Interest on cash advance: 0.77% per day on the amount withdrawn, from the date of transaction until date of full payment
  • Late payment charge: $100, if minimum payment due is not received by due date
  • Minimum monthly payment: Greater of either $50 or 1% of principal plus interest, interest fees and charges; plus any overlimit amount and any past due amount
  • Overlimit fee: $40 (applicable if current balance exceeds card’s credit limit)

Eligibility criteria

  • Aged 21 - 65 years old
  • Minimum annual income for Singapore citizens and PRs: $30,000 
  • Minimum annual income for foreigners: $60,000

How to apply?

Click on the ‘Apply Now’ button on this page to apply for the Standard Chartered Rewards+ credit card. You will be brought to an application form on SingSaver. Follow the on-screen prompts to complete and submit your application.

Take note that you may need to have the following documents on hand:

  • Front and back of NRIC/Passport/Employment Pass
  • Salaried employees: Latest computerised payslip or latest 6 months’ CPF Contribution History Statement
  • Commission earners: Any one of the following
    • Latest 3 months payslip + Latest income tax notice of assessment
    • Latest 6 months CPF contribution history statement
    • Latest 3 months payslip
    • Copy of 2 year income tax notice of assessment 
  • Self-employed: Copy of 2 year income tax notice of assessment (must be in business for a minimum of 2 years)

Should you get the Standard Chartered Rewards+ Credit Card?

If you dine out regularly and just so happen to be seeking a reliable overseas credit card too, the Standard Chartered Rewards+ Credit Card definitely satisfies those qualifications.

Plus, with no minimum spend required, you can start earning reward points from your first payment onwards.

✨SingSaver Score Big CC Campaign Phase 2✨: Be one of the first applicants to score a rewards upgrade to a PlayStation®5 (Slim) Disc Edition (worth S$799) when you apply for participating products in SingSaver. Limited to the first 600 Citi CC & first 400 SCB Simply Cash CC eligible applicants only. Remaining applicants will enjoy existing rewards. Check out FAQs here. Valid till 30 June 2024. T&Cs apply.

SingSaver's Exclusive Offer: Enjoy the following rewards when you sign up for a Standard Chartered credit card. Eligible for new Standard Chartered cardholders only.

Standard Chartered Simply Cash Credit Card : Receive a Sony HT-AX7 (worth S$769) or a Dyson SSHD (worth S$699) or an Apple iPad 9th Gen 10.2 Wifi 64GB (worth S$508.30) or S$330 cash upon activating and spending min. S$500 within 30 days of card approval. Also, get an additional S$30 e-Capitaland voucher when you make a min. spending of S$800 in your 2nd month. Valid till 30 June 2024. T&Cs apply

Receive an additional S$20 e-Capitaland Voucher when you split the payment for your purchases with SCB Easy Pay, pay your bills with SCB Easybill or put any of your purchases on instalment in SCB Savings Account or Current Account within 60 days of approval. Valid till 30 June 2024. T&Cs apply.

Plus, get S$288 cashback when you make a min. spend of S$588 within 1 month of card approval. Valid till 30 June 2024. T&Cs apply.

Rewards Upgrade Campaign_BLOGARTICLE_800x250

⬆️Reward Upgrade Campaign⬆️: Upgrade your rewards when you top up S$799 for an Apple Watch Ultra 2 GPS + Cellular, 49mm (Alpine Loop/Ocean Band/Trail Loop) (worth S$1,210.10). Alternatively, top up S$1,150 for a Macbook Air 13" 256GB M3 (worth S$1,599) or iPhone 15 Pro 128GB (worth S$1,664.25). Valid till 30 June 2024. T&Cs apply.


Standard Chartered Smart Card and Rewards+ Card: Receive a Sony WF-1000XM5 (worth S$429) or a Dyson AM07 (worth S$4590) or a Flujo BEA Ergonomic Office Chair (worth S$509) or up to S$250 cash upon activating and spending min. S$250 within 30 days of card approval. Also, get an additional S$20 e-Capitaland voucher when you make a min. spending of S$800 in your 2nd month. Valid till 30 June 2024.   T&Cs apply.

Receive an additional S$20 e-Capitaland Voucher when you split the payment for your purchases with SCB Easy Pay, pay your bills with SCB Easybill or put any of your purchases on instalment in SCB Savings Account or Current Account within 60 days of approval. Valid till 30 June 2024. T&Cs apply.

Plus, get S$288 cashback when you apply for an SCB Smart Credit Card and make a min. spend of S$588 within 1 month of card approval. Valid till 30 June 2024. T&Cs apply.

Rewards Upgrade Campaign_BLOGARTICLE_800x250

⬆️Reward Upgrade Campaign⬆️: Upgrade your rewards when you top up S$199 for a Flujo Ayla Ergonomic Office Chair (worth S$1,139.00) or a Xiaomi Robot Vacuum X20 UK (worth S$699). Valid till 30 June 2024. T&Cs apply.


Standard Chartered Journey Credit Card Only: Receive up to 60K combined Max Miles (the highest miles rewards on the market) or an Apple AirPods Pro (Gen 2) (worth S$365.70) or up to S$150 cash upon activating your card within 30 days and no minimum spend required. Get the additional miles when you apply with annual fee payment (S$196.20 incl. GST) and make a min. spend of S$3,000 within 2 months of card approval. Valid till 30 June 2024. T&Cs apply.

Also, receive a S$20 e-Capitaland voucher when you make a min. spending of S$800 in your 2nd month. Plus, get an additional S$20 e-Capitaland Voucher when you split the payment for your purchases with SCB Easy Pay, pay your bills with SCB Easybill or put any of your purchases on instalment in SCB Savings Account or Current Account within 60 days of approval. Valid till 30 June 2024. T&Cs apply. 

Rewards Upgrade Campaign_BLOGARTICLE_800x250

⬆️Reward Upgrade Campaign⬆️: Upgrade your rewards when you top up S$199 for a Flujo Ayla Ergonomic Office Chair (worth S$1,139.00) or a Xiaomi Robot Vacuum X20 UK (worth S$699). Valid till 30 June 2024. T&Cs apply.

 

An ex-Financial Planner with a curiosity about what makes people tick, Alevin’s mission is to help readers understand the psychology of money. He’s also on an ongoing quest to optimise happiness and enjoyment in his life.

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