Standard Chartered Unlimited Card Review: Fuss-Free Cashback Card

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The Standard Chartered Unlimited Cashback 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 expenditure are going, and the date your Spotify free trial ends so you can pre-empt the auto-renew. But since we’re talking about credit cards and spending here, you could at least scratch off one thing to keep tabs on when you become a Standard Chartered Unlimited Cashback Card member: your minimum spend and cashback rewards.

As the name suggests, the amount of cashback you could score for your credit card spend has no limits, and the bothersome tracking of category spending can finally be a thing of the past. Almost all spend qualifies you for 1.5% cashback. Secondly, no minimum spend is required per month to qualify for cashback. And the best part, you can get instant digital credit card approval and issuance if you apply via MyInfo!

Get rewarded with cashback across all categories

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

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

No minimum spend and no cap

Some credit cards require you to spend a minimum of $400, $800 or more before you earn the higher cashback rate. However, with the Standard Chartered Unlimited, you earn 1.5% cashback regardless of your total spending that month.

There is also no limit to the amount of cashback that you can earn, making it a suitable card to use if you have a big-ticket purchase coming up.

2-year annual fee waiver

Unlike other no-cap cashback cards which come with a first-year fee waiver, the Standard Chartered Unlimited Cashback Credit Card offers an automatic 2-year annual fee waiver.

Enjoy up to $80 cashback upon card activation

When you apply and activate your Standard Chartered Unlimited credit card within 30 days of card approval, new Standard Chartered cardholders will receive $80 cashback. If you are currently an existing Standard Chartered cardholder, you will receive $20 instead.

Other Benefits

  • Enjoy exciting card offers and privileges at over 3,000 outlets in Asia, ranging from dining offers to shopping, travel and lifestyle benefits with The Good Life®
  • Convert your retail transactions above $500 into 6 or 12 months interest-free instalments with a one-time service fee.

When 1.5% unlimited cashback card works in your favour

As a general strategy, one should always have a general card for day-to-day spending, and the Standard Chartered Unlimited Card can be the default card when you may not be able to hit your other cards’ minimum spend per month. Alternatively, it’s ideal for big ticket items (for example, a wedding banquet or home furniture shopping) when you’re likely to exceed the cashback caps offered by other cards. 

The table below shows how the Standard Chartered Unlimited Card is a clear winner when compared with other cashback cards.

$7,000 Purchase (e.g. furniture, wedding, etc.)
Credit Card Cashback Rate (%) Actual Cashback ($)
Standard Chartered Unlimited 1.5% $105
UOB One 5% $100 (capped)
Citi Cashback 0.25% $17.50

SingSaver Promotion: Get a Nespresso Coffee Machine & Milk Frother (worth $346), when you apply for the Standard Chartered Unlimited or Standard Chartered Rewards+ credit card! To be eligible for this promotion, you’ll have to be a new Standard Chartered Bank cardholder and make a qualifying spend on your new card within the first 30 days of card approval. If you already have a Standard Chartered credit card, you’ll be rewarded with $30 GrabFood vouchers when you sign up. Promotion is valid from 9 – 26 October 2020, T&Cs apply. Full promotion details here.

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

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