Standard Chartered Simply Cash Credit Card Review: Earn Up to 1.5% Fuss-Free Cashback

SingSaver team

SingSaver team

Last updated 07 June, 2024

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 up to 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.

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

SimplyCash_front

 

Standard Chartered Simply Cash Card product summary: 

  • Earn up to 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$196.20 (First year waived; 9% GST w.e.f. 1 Jan 2024)
Pros ✅
Cons ❌
Earn up to 1.5% cashback for all spend, no min. spend and no cashback cap
Cannot be used for EZ-Reload
Get cashback on IRAS, Education, Insurance & Rental payment with SC EasyBill
Does not come with EZ-Link facility 
Enjoy offers and privileges for online, dining, retail and more with The Good Life®
 
1-year annual fee waiver
 

SingSaver_Score_Big_2024_KV1_BLOGARTICLE_800x250

✨SingSaver Score Big CC Campaign✨: The first 10 applicants to apply for participating products daily at 12pm and 6pm will score a rewards upgrade to a PlayStation®5 (Slim) Disc Edition (worth S$799). Meanwhile, the first 10 to apply at 3pm will score a rewards upgrade to a Dyson Airwrap™ Multi-styler and Dryer (worth S$859). Remaining applicants will enjoy existing rewards. Check out FAQs here. Valid till 30 June 2024. T&Cs apply.

SingSaver Exclusive Offer: Enjoy the following rewards when you sign up for a Standard Chartered Simply Cash Card:

SCB Simply Cash_KV1_BLOGARTICLE_800x250 (1)

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.


Why should you get the Standard Chartered Simply Cash Cashback Credit Card?

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#1: Get rewarded with up to 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 up to 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 on which you tend to spend more money.


#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 monthly spending.

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: One-year annual fee waiver

The Standard Chartered Simply Cash Cashback Credit Card offers an automatic 1-year annual fee waiver. Thereafter, the standard S$194.40 (with 8% GST) annual fee applies. 


#4: Earn extra cashback of up to 1.5% 

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 earn 1% cashback on your approved Funds Transfer Amount as well.

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, something in the catalogue will tickle your fancy.

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


Exclusive SingSaver Promotion: Standard Chartered Simply Cash Credit Card

SimplyCash_front

SingSaver_Score_Big_2024_KV1_BLOGARTICLE_800x250

✨SingSaver Score Big CC Campaign✨: The first 10 applicants to apply for participating products daily at 12pm and 6pm will score a rewards upgrade to a PlayStation®5 (Slim) Disc Edition (worth S$799). Meanwhile, the first 10 to apply at 3pm will score a rewards upgrade to a Dyson Airwrap™ Multi-styler and Dryer (worth S$859). Remaining applicants will enjoy existing rewards. Check out FAQs here. Valid till 30 June 2024. T&Cs apply.

SingSaver Exclusive Offer: Enjoy the following rewards when you sign up for a Standard Chartered Simply Cash Card:

SCB Simply Cash_KV1_BLOGARTICLE_800x250 (1)

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.


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 transaction fee: 3.25%
  • Cash advance fee: 6% of amount withdrawn, or S$15, whichever is greater
  • Cash advance interest rate: 29.9% p.a.
  • Annual fee: S$196.20 (First year waived; 9% GST w.e.f. 1 Jan 2024)

Eligibility criteria

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

How to apply?

SimplyCash_front

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:
    • Latest original computerised payslip, or
    • Past 6 months' CPF statement, and/or
    • Latest Income Tax Notice of Assessment
  • Self-employed: Latest 2 years' Income Tax Notice of Assessment
  • Commission earner: 
    • Latest 3 months' original computerised payslip and/or Latest Income Tax Notice of Assessment
    • Past 6 months' CPF statement
    • Copy of 2 year's Income Tax Notice of Assessment (For 100% commission earners)

Should you get the Standard Chartered Simply Cash Credit Card?

SimplyCash_front

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.

But if you're 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
Citi Cash Back+ Card
citicashbackplus-1

 

- 1.6% unlimited cashback on all spending
- No min. spend required

- No cap on cashback earned

- Annual fee: S$196.20 (First year free)
- Local/PR: S$30,000

- Foreigner: S$42,000
AMEX True Cashback Card
amex-true-cashback

 

- 1.5% unlimited cashback on all spending (including education fees, insurance, healthcare, utilities and telco)
 
- Enjoy 3% welcome bonus cashback on up to S$5,000 eligible spend within first 6 months of card approval
- No min. spend required

- No cap on cashback earned

- Annual fee: S$174.40 (First year free)
- Local/PR: S$30,000
CIMB World Mastercard
CIMB-WORLD-MASTERCARD_2019-LR-1024x674

 

- 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
Standard Chartered Simply Cash Card
SimplyCash_front

- 1.5% unlimited cashback on all spending
 
- No min. spend required

- No cap on cashback earned

- Annual fee: S$196.20 (First 2 years free)
- Local/PR: S$30,000

- Foreigner: S$60,000
UOB Absolute Cashback Card
uob-absolute-cardface

 

- 1.7% unlimited cashback on all spending

- Includes insurance, wallet top-ups (excludes Grab), telco bills, and rental
- No min. spend required

- No cap on cashback earned
 
- Annual fee: S$196.20 (First year free)
- Local/PR: S$30,000

- Foreigner: S$40,000
Maybank FC Barcelona Visa Signature Card
maybank-fcb-visasig

 

- 1.6% unlimited cashback on all local spending
- No min. spend required

- No cap on cashback earned
 
- Annual fee: S$120.10 (First 2 years free)
- Local/PR: S$30,000

- Malaysian Citizen: S$45,000

- Foreigner: S$60,000

 

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