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 expenditures 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!

What the Standard Chartered Unlimited Cashback Credit Card can do for you

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

Standard Chartered Unlimited Card product summary: 

  • Earn 1.5% cashback on all your 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: $192.60 (first two years fee waiver)
ProsCons
1.5% cashback for all spend, no min. spend and no cashback capCannot be used for EZ-Reload
Enjoy an accelerated cashback rate of 3% when you deposit funds in your Unlimited$aver accountDoes not come with EZ-Link facility 
Get cashback on IRAS, Education, Insurance & Rental payment with SC EasyBill
Enjoy offers and privileges for online, dining, retail and more with The Good Life®
2 year annual fee waiver

SingSaver Promotion: Receive a set of Sony WF1000XM3 True Wireless earbuds (worth $349) or $200 cash via PayNow, 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 activate your new card within the first 30 days of card approval. Also, a min. spend of $80 is required. If you already have a Standard Chartered credit card, you’ll be rewarded with $30 cash via PayNow when you sign up. Promotion is valid till 6 December 2020, T&Cs apply.


Why should you choose the Standard Chartered Unlimited Cashback Credit Card?

#1 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.

#2 No minimum spend and no cap

Some credit cards require you to spend a minimum of $600, $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, 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 your 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. 

#3 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. Thereafter, the standard $192.60 annual fee applies.

#4  Earn extra cashback

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

Also, you can enjoy an accelerated cashback rate of up to 3% when you deposit funds in your Unlimited$aver account, a savings account that’s linked to your Unlimited Cashback Credit Card. However, take note the bonus cashback is capped at $100 per month.

#5 Other perks

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.

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

Standard Chartered Unlimited Credit Card - SingSaver

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

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