Standard Chartered Rewards+ Review: Accelerated Points For Foreign & Dining Spends

Earn points fast with the Standard Chartered Rewards+ credit on foreign spend and dining.

Rewards points remain a popular perk among credit card users, and we can certainly see the appeal. Compared to cashback and air miles, points provide the widest flexibility, as they can be redeemed for a number of different rewards.

You can use points to redeem vouchers and gift cards at your favourite stores, trade them in for travel perks via air miles, or exchange them for cash credit to offset your spending.

If you’re looking for a new rewards card to add to your collection, and have been spending more on online services, look no further than the Standard Chartered Rewards+ credit card, recently refreshed to make working from home more rewarding than ever.

Table of contents

• Overview: Standard Chartered Rewards+ Card
• Benefits of the Standard Chartered Rewards+ Card
• Standard Chartered credit card sign-up promotions
• Eligibility, fees & charges
• How to apply?

What the Standard Chartered Rewards+ Credit Card can do for you

Standard Chartered Rewards+ Card product summary:

• Bonus rewards points: 10X points on overseas dining, retail and travel spends, 5X points on local dining
• Bonus points cap: Maximum 20,000 bonus points per 12 months (can continue earning 1 point per $1 after cap)
• Minimum spend: None required
• Income requirement: Singaporeans and PR - $30,000/annum, Foreigners - $60,000/annum
• Annual fee: $196.20 (First year waived; 9% GST w.e.f. 1 Jan 2024)  

Overseas retail, dining and travel spends will see you earn up to 10 bonus points. So whether you are shopping in foreign currency or munching on freshly made tarts in Paris, be sure to be rewarded for your spends. Local dining transactions will let you earn up to 5 bonus points.

These accelerated earn rates make the Standard Chartered Rewards+ credit card a great card to use when paying for food during your next date night.

#2: No minimum spend required to earn rewards points

The Standard Chartered Rewards+ credit card is as fuss-free and easy-going as they come. There’s no minimum spend required to enjoy your benefits; charge your transaction to the card and you’ll start earning points from the first dollar spent. 

While the card is geared towards e-commerce, dining and overseas spends, providing bonus points for these transactions, you’ll still earn points for all other transactions at the rate of 1 point per $1 spent.

This makes the Standard Chartered Rewards+ card a convenient and flexible card for all-round use, while providing enhanced benefits for those who spend primarily on online and dining transactions.

#3: No annual fees for first year

The Standard Chartered Rewards+ credit card comes with a complimentary one-year annual fee waiver, allowing you to save a couple hundred bucks from the get-go. 

Depending on how much you use your card, there’s a good chance that you can rack up enough points during the fee-free period to redeem sufficient cash credit, which you can then put towards paying the annual fees from the second year onwards. 

#4: Popular rewards available

The whole point of a rewards credit card is to earn, well, rewards that you like. 

In this area, the Standard Chartered Rewards+ card does well, offering a range of rewards that will let you Live The Good Life® . From dining rewards to shopping discounts, you will be sure to be spoilt for choice. 

If you’d rather use your rewards points for airline tickets, know that you can also exchange your points for KrisFlyer miles to get free flights, upgrades and other travel perks.

And for the more pragmatic-minded, exchanging your points for cash credit to offset your bill may be the most appealing option. 32,000 points will get you a cool $100 credit to your card. 

#5: Manage large transactions with smaller instalments  

The Standard Chartered Rewards+ credit card can also help you manage big-ticket purchases by splitting them up into smaller instalments.

For transactions above $500, you can choose a repayment plan spanning 6, 12 or 24 months. This makes it easier to pay for expensive items while avoiding credit card interest charges.  

What sign-up promotions are available for the Standard Chartered Rewards+ credit card? 

What charges or fees should you look out for?

• Annual fee: $196.20 (First year waived; 9% GST w.e.f. 1 Jan 2024)
• Interest on purchases: 26.9% p.a.
• Interest on cash advance: 0.77% per day on the amount withdrawn, from the date of transaction until date of full payment
• Late payment charge: $100, if minimum payment due is not received by due date
• Minimum monthly payment: Greater of either $50 or 1% of principal plus interest, interest fees and charges; plus any overlimit amount and any past due amount
• Overlimit fee: $40 (applicable if current balance exceeds card’s credit limit)

Eligibility criteria

• Aged 21 - 65 years old
• Minimum annual income for Singapore citizens and PRs: $30,000 
• Minimum annual income for foreigners: $60,000

How to apply?

Click on the ‘Apply Now’ button on this page to apply for the Standard Chartered Rewards+ credit card. You will be brought to an application form on SingSaver. Follow the on-screen prompts to complete and submit your application.

Take note that you may need to have the following documents on hand:

• Front and back of NRIC/Passport/Employment Pass
• Salaried employees: Latest computerised payslip or latest 6 months’ CPF Contribution History Statement
• Commission earners: Any one of the following
  • Latest 3 months payslip + Latest income tax notice of assessment
  • Latest 6 months CPF contribution history statement
  • Latest 3 months payslip
  • Copy of 2 year income tax notice of assessment 
• Self-employed: Copy of 2 year income tax notice of assessment (must be in business for a minimum of 2 years)

Should you get the Standard Chartered Rewards+ Credit Card?

If you dine out regularly and just so happen to be seeking a reliable overseas credit card too, the Standard Chartered Rewards+ Credit Card definitely satisfies those qualifications.

Plus, with no minimum spend required, you can start earning reward points from your first payment onwards.