Standard Chartered Smart Credit Card Review: Up to 10% Cashback for Streaming, Casual Dining and Transport

The Standard Chartered Smart Credit Card used to offer 6% cashback with no minimum monthly spend. It has since evolved to give you more rewards, but the bar to admission has also been similarly raised. 

Now, you can earn 8% cashback with a minimum spend of S$800, or 10% cashback if you spend at least S$1,500. 

The eligible spending categories have also been narrowed down to dining, transport and streaming services. And there'll be an annual fee of S$99.19 (w/ 9% GST) from 6 December 2025. 

Here's what these changes mean for you.     

Table of contents

• Overview: Standard Chartered Smart Credit Card
• Reasons to get the Standard Chartered Smart Credit Card
• Eligibility, fees & charges
• How to apply?
• Should you apply for the Standard Chartered Smart Credit Card?

What can the Standard Chartered Smart Credit Card do for you?

UPDATED: Standard Chartered Smart Credit Card product summary:

• Up to 10% cashback on casual dining, streaming services, public transport and EV charging 
• Minimum spend required to earn cashback (S$800 for 8% cashback, S$1,500 for (10% cashback)
• Cashback awarded as 360° Rewards Points (3,200 points = S$10 cashback)
• Interest-free instalment plans with tenures starting from 3 months
• Complimentary travel insurance with up to S$500,000 coverage
• Annual income requirement:  S$30,000 (Singaporeans/PR), S$60,000 (Foreigners)
• Minimum age: 21

Why should you get the Standard Chartered Smart Credit Card?

#1: Save more with cashback on everyday spending 

Credit cards are designed to help you save money in one way or another, and the Standard Chartered Smart Credit Card is no different. 

With this card, you can save up to 10% on everyday spends on such as digital streaming services, fast food, coffee and fast food, and bus and MRT rides, including SimplyGo.  Notably, you can also can up to 10% cashback on EV charging, which should bring a smile to the face of eco-conscious drivers. 

Note that your cashback will be disbursed in the form of rewards points.

Note: In order to redeem cashback, you'll need a minimum of 3,200 360° Rewards Points to redeem in S$10 blocks.

#2: No cap on rewards points 

One welcome change for this card is the removal of the cap on reward points you can earn. Since 6 December 2024, Standard Chartered has done away with the previous monthly cap of 14,400 rewards points.

This means you will now receive rewards points earned on eligible transactions, instead of potentially "losing" some of them as you could previously. 

#3: Zero interest instalment payments

The Standard Chartered Smart Credit Card further helps you manage your cashflow by splitting up big-ticket purchases into smaller instalment payment. 

This is a handy little feature that allows you to meet urgent financial needs (say, the washing machine broke down and you don’t quite have the savings to replace it), without having to go through the trouble of applying for a loan or a balance transfer. 

Perhaps best of all, instalment plans are 0% interest, so you won’t have to worry about paying extra. On top of that, there is no service fee whatsoever.

Furthermore, if you're needing cash in a hurry, know that this card lets you take a cash advance without any fees or charges. However, you'll still need to repay the amount advanced by the next billing cycle to avoid any interest charges.

See also: 6 Things About 0% Interest Credit Card Instalment Plans

#4: Complimentary travel insurance for principal cardholder

The Standard Chartered Smart Credit Card comes with complimentary travel insurance, offering you up to S$500,000 in worldwide personal accident coverage. You’ll also be covered for up to S$25,000 for emergency medical assistance, evacuation and repatriation.

While not the most robust of travel insurance plans, this included policy nevertheless offers a rudimentary degree of coverage for any overseas trip you take, which is always better than going completely without any insurance at all.  

For more details, refer to the policy coverage here.

Read more:
Best Covid-19 Travel Insurance Plans
Best Family Travel Insurance Plans
Best Travel Insurance Plans and Promotions in Singapore

What fees & charges should you look out for?

Here are some fees and charges you could incur while using the Standard Chartered Smart Credit Card. Be sure to refer to the full list of bank fees as well. 

• Annual fee: S$99.19 (w 9% GST) from 6 Dec 2025
• Late payment charge: S$100
• Minimum monthly payment: 1% of the current balance or S$50, whichever is higher, plus any overdue amounts
• Overlimit fee: S$40
• Interest on purchases: 23.9% to 29.9% p.a. based on the Bank’s assessment of your credit profile
• Interest on cash advance: Waived until further notice
• Transfer fee: S$27 (KrisFlyer Miles)
• 360° Rewards Points transfer fee: S$10 per 100,000 Rewards Points to each nominee's credit card account

Eligibility criteria

• At least 21 years old
• Singaporeans or PRs: Annual income of at least S$30,000
• Foreigners: 
  • Annual income of at least S$60,000 
  • Holder of P1, P2 or Q type employment passes
  • Q pass holders must have at least 12 months’ validity on their passes

How to apply? 

Click on the ‘Apply Now’ button on this page and complete the SingSaver application form. You might need to prepare the following documents for the application process:

• Front and back of NRIC/Passport/Employment Pass
• Salaried employees: Past 6 months CPF statement (Singaporean/PR) or latest computerised payslip and/or latest Income Tax Notice of Assessment
• Self-employed: Copy of 2 years Income Tax Notice of Assessment (Min. 2 years of business required)
• For commission earners:
  • Latest 3 months' payslip and latest Income Tax Notice of Assessment, or
  • Latest 6 months' CPF contribution statement, or
  • Latest 3 months' payslip
  • Copy of 2 years' Income Tax Notice of Assessment (For 100% commission earners)

Should you get the Standard Chartered Smart Credit Card?

Those whose spending habits include quite a bit of fast food, local coffee and toast shops, online streaming services and public transit will find some real value to be unlocked here, given how there’s no minimum monthly spend to earn cashback, and no annual fees to pay. 

This card is also a good option if you’re looking for a credit card that provides some extra leeway via short-tenure, interest-free instalment plans, handy for coping with the occasional surge in spending.