Standard Chartered Simply Cash Card Review (2023): Earn Up to 1.7% Fuss-Free Cashback

The Standard Chartered Simply Cash Credit Card is a no-brainer when it comes to calculating your cashback per month.

With adulting comes a great many things to keep track of in our lives: the office to-do for the week, where your credit card expenditures are going, and the date your Spotify free trial ends so you can pre-empt the auto-renewal.

But with the Standard Chartered Simply Cash Credit Card, you can scratch off two things to keep tabs on: minimum spend and cashback rewards.

As the name suggests, the amount of cashback you could score for your Standard Chartered Credit Card spend has no limits, and the bothersome tracking of category spending can finally be a thing of the past. Essentially, almost all spend qualifies for 1.5% unlimited cashback, with no minimum spend and no cashback cap.

And the best part? You can receive instant digital credit card approval and issuance if you apply via MyInfo! Start shopping right away after you add the card to your Apple Pay, Google Pay, or Samsung Pay wallets.

What can the Standard Chartered Simply Cash Cashback Credit Card do for you?

Most cashback cards grant additional cashback for specific categories such as grocery, dining, petrol, online shopping, travel and more.

Standard Chartered Simply Cash Card product summary: 

• Earn 1.5% cashback on all spends
• No cashback cap 
• No minimum spend required to start earning cashback 
• Income requirement: $30,000 (Singaporeans/PR), $60,000 (Foreigners)
• Minimum age: 21
• Annual fee: S$194.40 (first two years fee waiver)

Apply Now

#1 Get rewarded with 1.5% cashback across all categories  

Most cashback cards grant additional cashback for specific categories such as grocery, dining, petrol, online shopping, travel and more.

The Standard Chartered Simply Cash is a fuss-free card that rewards you with 1.5% cashback on all your spending, regardless of category. This makes it a great go-to card to have in your wallet, especially if you do not have a specific category which you tend to spend more money on.

#2 No minimum spend and no cap

Some credit cards require you to spend a minimum of S$600, S$800 or more before you earn the accelerated cashback rate (e.g. UOB EVOL Card, POSB Everyday Card). However, with Standard Chartered Simply Cash, you earn 1.5% unlimited cashback regardless of your total spending that month.

There is also no cap on cashback that you can earn, making it a suitable card to use if you have a big-ticket purchase coming up, such as home furniture shopping, a wedding banquet or even designer presents you’ve been meaning to purchase.

In case you were wondering, your cashback earned will be automatically used to offset the following statement cycle month’s billed amount without having you lift a finger. Your earned cashback for a particular statement month will be reflected in that month’s card statement, but credited to your card account only in the following statement cycle month. 

See also: How to Maximise Miles Earned on Big Ticket Spending

#3 Two-year annual fee waiver

Unlike other no-cap cashback cards which come with a first-year fee waiver, the Standard Chartered Simply Cash Cashback Credit Card offers an automatic 2-year annual fee waiver. Thereafter, the standard S$194.40 (with 8% GST) annual fee applies. 

#4  Earn extra cashback of up to 1.7% for a limited time only 

While a 1.5% flat rate cashback on literally everything you purchase sounds good, you can also look forward to earning cashback on your IRAS, Education, Insurance & Rental payments with SC EasyBill. This credit card lets you receive 1% cashback on your approved Funds Transfer Amount as well.

[LIMITED-TIME PROMO] Enjoy a further 0.2% cashback when you spend a minimum of S$1,500 per month on eligible transactions. This bonus cashback is capped at $25 per month. So hurry! This promo is only valid till 31 March 2023.

Note: The exclusive Unlimited$aver savings account linked to the Standard Chartered Simply Cash Credit Card is no longer available.

#5 Other card perks & privileges

Cardmembers can enjoy exciting card offers and privileges at over 3,000 outlets in Asia with The Good Life®. These include anything and everything from dining offers to shopping, travel, and lifestyle benefits. From 1-for-1 main courses to bonus cashback and discounts, there's definitely something in the catalogue that'll tickle your fancy.

With EasyPay, you can turn your retail transactions above S$500 into 6 or 12 months interest-free instalments with a one-time service fee.

For whom is the Standard Chartered Simply Cash Card best suited?

In a nutshell, the Standard Chartered Simply Cash Card is best suited for fuss-free spenders, new credit card users, and any cashback chasers looking to add an unlimited cashback credit card to their collection. 

💡 Pro-tip: The AMEX True Cashback Card offers 1.5% unlimited cashback on most spends as well. The only problem is that the majority of insurance companies don't accept AMEX as a valid payment network – so as a MasterCard, Standard Chartered Simply Cash Card wins in this regard.

What promotions are there for the Standard Chartered Simply Cash Credit Card?

What charges or fees should you look out for?

• Effective Interest Rate: 26.9% p.a.
• Late payment fee: S$100
• Minimum monthly payment: 1% of outstanding balance, interest, fees, overlimit amount, or S$50, whichever is greater
• Overlimit fee: S$40
• Foreign currency fee: 3.25%
• Cash advance fee: 6% of amount withdrawn, or S$15, whichever is greater
• Cash advance interest rate: 28% per annum
• Annual fee: S$194.40

Eligibility criteria

• Minimum monthly income: S$30,000 per month for Singaporeans/PRs, S$60,000 per month for foreigners
• Minimum age: 21

How to apply?

Click on the ‘Apply Now’ button on this page and complete the application form on the SingSaver site. You will need to prepare the following documents for the application process:

• Front and back of NRIC/Passport/Employment Pass
• Salaried employees: Past 12 months CPF statement (Singaporean/PR) or latest Income Tax Notice of Assessment and latest original computerised payslip
• Self-employed: Latest Income Tax Notice of Assessment and latest original computerised payslip

Still undecided? Compare all the best cashback credits cards in Singapore on SingSaver.

Best Unlimited Cashback Credit Cards

Credit Card	Best for/Benefits	Details	Min. Annual Income	Promotion/Sign-up Bonus
Citi Cash Back+ Card Apply Now	- 1.6% unlimited cashback on all spending	- No min. spend required - No cap on cashback earned - Annual fee: S$194.40 (First year free)	- Local/PR: S$30,000 - Foreigner: S$42,000	Apply and spend S$500 within 30 days to get a Dyson V8 Absolute™ (worth S$609) OR a Sony WH-1000XM5 (worth S$575) OR a Flujo Ayla Ergonomic Office Chair (worth S$1,139) S$300 cash. Valid till 21 March 2023. T&Cs apply
CIMB World Mastercard Apply Now	- 2% unlimited cashback on Wine & Dine and Online Food Delivery, Movies and Digital Entertainment, Taxi and Automobile, and Luxury Goods	- Min. S$1,000 monthly spend - No annual fee	- Local/PR: S$30,000	Apply and spend S$988 within 60 days to get an Apple Airpods Pro (Gen 2) (worth S$362.35) OR S$280 cash. Valid till 14 March 2023. T&Cs apply.
American Express True Cashback Card Apply Now	- Welcome bonus of 3% cashback on up to S$5,000 eligible purchases within first 6 months - 1.5% unlimited cashback on all spending after welcome bonus	- No min. spend required (after welcome bonus) - No cap on cashback earned - Annual fee: S$172.80 (First year free)	- Local/PR: S$30,000 - Foreigner: S$45,000	N.A.
Standard Chartered Simply Cash Card Apply Now	- 1.7% unlimited cashback on all spending	- No min. spend required - No cap on cashback earned - Annual fee: S$194.40 (First 2 years free)	- Local/PR: S$30,000 - Foreigner: S$60,000	Apply to get S$50 cash. Valid till 2 April 2023. T&Cs apply. Plus, score a BRONZE ticket (1x chance) in our March Madness Grand Lucky Draw when you apply, for a chance to win your share of over S$20,000 worth of prizes! Valid till 2 April 2023. T&Cs apply.
UOB Absolute Cashback Card Apply Now	- 1.7% unlimited cashback on all spending - Includes insurance, school fees, wallet top-ups (excludes Grab), healthcare, utilities & telco bills, and rental	- No min. spend required - No cap on cashback earned   - Annual fee: S$194.40 (First year free)	- Local/PR: S$30,000 - Foreigner: S$40,000	Apply and spend S1,000 for 2 consecutive months to get S$350 worth of Grab vouchers plus 10% cashback Valid till 31 March 2023. Applicable to the first 200 new-to-UOB credit cardmember. T&Cs apply. Plus, score a BRONZE ticket (1x chance) in our March Madness Grand Lucky Draw when you apply, for a chance to win your share of over S$20,000 worth of prizes! Valid till 2 April 2023. T&Cs apply.
Maybank FC Barcelona Visa Signature Card Apply Now	- 1.6% unlimited cashback on all local spending	- No min. spend required - No cap on cashback earned   - Annual fee: S$120 (First 2 years free)	- Local/PR: S$30,000 - Malaysian Citizen: S$45,000 - Foreigner: S$60,000	Apply for a credit card and CreditAble account, and spend and/or withdraw S$300 from your CreditAble account for 2 consecutive months to get a Samsonite Harts 68/25 Spinner (worth S$500).  Valid for the first 4,500 applicants. Remaining applicants will get S$100 cashback. T&Cs apply.

 

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