Standard Chartered Unlimited Cashback Credit Card Review

1.5% cashback across all eligible spends with no cashback cap or minimum spend.


  • No minimum spend or cashback cap
  • 15% cashback on Grab rides till 31 March 2019 (T&Cs apply)
  • Low income requirement of $30,000
  • Two year fee waiver


  • Low cashback rate of 1.5%
Summary of Product
Headline Cashback Rate: 1.5%
Minimum Monthly spend: NIL
Income Requirement: $30,000 (Singaporeans/PR), $60,000 (Foreigners)
Minimum Age: 21
Annual Fee (Waiver): $192.60 (Two years waived)
Sign-up promotion: Yes, new customers get up to $200 in cash and cashback

Table of Content

Why you should choose the Standard Chartered Unlimited Card

Fuss-free card that offers unlimited cashback
Many cashback cards have TnCs around minimum monthly spends and cash back caps across spending categories, before you qualify for the cashback rate being advertised. The Standard Chartered Unlimited Card is not one of those cards. It really is a flexible, fuss-free card: almost all spend qualifies you for 1.5% cashback rate. Also, there’s no cashback cap per month and no minimum spend is required. It’s great when you don’t have want to have to keep track of hitting the monthly minimum spend each month, or you’re going to bust the monthly cashback cap.
15% off your Grab rides
Pay for your Grab rides with your Standard Chartered Unlimited Card and earn 15% cashback on your rides (both local and overseas). The caveat is that you’ll have to charge at least $900 in eligible spend for the month, with a cap of $30 cashback monthly. Double-dipping never hurt anyone, so if you use the Standard Chartered Unlimited Card to pay for your Grab ride, you’ll earn an extra 1.5% cashback each time. (Oh, and your spend with Grab counts to the $900 spend monthly as well)
Great card for daily commutes on MRT and buses
The SC Unlimited Cashback Credit Card is among four credit cards that can double up as your EZ-Link Card. That means you can use the same card to pay for your public transport and at merchants where EZ-Link payment is accepted. It comes with the convenient EZ-Reload function, which automatically tops up your card with S$50 when balance runs low. Amounts charged under EZ-Reload are also eligible for 1.5% cash back.
2-year fee waiver
Unlike other similar cashback cards which come with one-year fee waivers, the Standard Chartered Unlimited Credit Card offers an automatic two-year fee waiver.

Who can apply?

Age Eligibility At least 21 years of age
Income Eligibility Singaporeans/PRs: S$30,000 of annual income
Foreigners: S$60,000 of annual income

What charges or fees should you look out for?

Annual Fees $192.60 (first two years waived)
Late Payment Charge $80
Interest on Purchases 26.9% per annum subjected to compounding if full payment is not made by payment due date
Interest on Cash Advance Your cash advance fee per transaction is 6% on the Cash Advance, subject to a minimum fee of $15 plus Finance Charges at 0.077% per day on the amount withdrawn from the date of the transaction until the date of full payment.

How to apply?

Decide to pick up this card? Click on the “Apply Now” button and complete the application form on SingSaver site. Here’s what you will need during the application process:

  • Front and back of NRIC/Passport/Employment Pass
  • For salaried employees,
    • Past 6 months' CPF statement (if Singaporean/PR); OR
    • Latest Income Tax Notice of Assessment and latest original computerised payslip
  • For self-employed,
    • Latest Income Tax Notice of Assessment

Other Cashback cards to consider:

Daunted by the minimum spend or looking to compare it with another cash back card?   No minimum spend cashback card: American Express True Cashback Credit Card Shopping Credit Card: UOB YOLO Card Dining Credit Card: OCBC FRANK Credit Card

Looking for other credit cards? Check out the Best Credit Cards in Singapore 2019.