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Standard Chartered Rewards+ Credit Card: Is It Worth the Hype?

Supplementary Card for Dining & Overseas Spend

Standard Chartered Rewards+ Credit Card: Is It Worth the Hype?

Supplementary Card for Dining & Overseas Spend


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  • People with S$250-350/month dining & overseas budget
  • Supplementary card for lower spend areas


  • People seeking to maximise rewards for everyday spend
  • Those with cards that already reward dining & overseas
  • People who spend S$350+/month on dining alone

Standard Chartered Rewards+ Card is a great supplementary card for consumers with a specialised primary card–such as a shopping card–who would like to maximise rewards for dining and overseas expenses, beyond the base rate provided by the primary card. For example, most shopper cards only reward dining and general overseas spend with 0.4 miles per S$1. If consumers charge these expenses to SC Rewards+ Card instead, they can earn the equivalent of 1.45 miles per S$1 on dining and 2.9 miles per S$1 on foreign exchange spend.

While there is no minimum spend requirement, earnings with SC Rewards+ Card are maxed out after just S$333 dining or S$167 overseas. Therefore, this card is best as a supplementary card for consumers who spend S$250-S$350 on dining monthly & sometimes travel overseas.

Standard Chartered Rewards+ Features and Benefits

  • Annual Fee: S$194.40, Waived for 2 years
  • Income Requirement: S$30,000 for citizens & PRs, S$60,000 for foreigners
Key Features:
  • Annual fee: S$192.60 (first 2 years - waived)
  • 10 pts (2.9 mi) per S$1 overseas, 5 pts (1.45 mi) on dining, 1 pt (0.29 mi) on general spend
  • Free travel insurance
  • Up to 16% fuel savings with Caltex

What Makes Standard Chartered Rewards+ Card Stand Out

For consumers with a specialised primary card that offers base rate earnings for dining expenses, Standard Chartered Rewards+ Card offers an opportunity to maximise rewards for dining, locally and overseas, by serving as a supplementary card. For example, this card may be a great fit for individuals with shopper cards (like Citi Rewards Card) that offer only 0.4 miles per S$1 dining and general overseas spend, or cards with cashback specialised outside of dining (like CIMB Visa Signature Card). With SC Rewards+ Card, consumers earn the equivalent of 1.45 miles (5 Pts) per S$1 dining spend, and 2.9 miles (10 Pts) on overseas spend–higher than consumers would earn with such primary cards.

DescriptionSC Rewards+ CardCiti Rewards CardCIMB Visa Signature
Spend LevelS$350S$350S$350
Dining Rate1.45 miles0.4 miles per S$10.2% Cashback
Miles Earned488 miles140 milesN/A
Please note that SC Rewards+ Card’s dining rate is capped at an average of 1,667 miles/month, with all further spend earning at base rate

While SC Rewards+ Card makes for a great supplementary card because there is no minimum spend requirement and the S$192.6 fee is waived for 2 years, it’s only competitive when used for monthly dining budgets between S$250-S$350, local and overseas. Earnings on dining and overseas rates are capped at 8,000 miles (20,000 Pts) per year–or just 667 miles (1,667 Pts) per month, which has an estimated S$6.67 value-to-consumer. In addition, all spend outside of dining and overseas earns just 0.29 miles (1 Pt) per S$1. Cardholders can max out monthly rewards after just S$333 spend on dining or S$167 overseas.

Ultimately, SC Rewards+ Card can benefit consumers as a supplementary card for dining and overseas expenses, if their primary card offers only base rates on these spends. It’s worth mentioning, however, that SC Rewards+ Card loses substantial value when its 2 year fee waiver ends. Cardholders will need to pay the equivalent of S$16.05/month, which is greater than the potential value consumers can earn with the card.

How Does SC Rewards+ Card's Rewards Program Work?

Use our quick and easy-to-read guide below to learn how you you can redeem card rewards.

  • Spend officially rewarded in Points, redeemable as cash, vouchers or mileage
  • Points automatically expire 3 years after issued
  • Points can be converted to miles via the Singapore Airline KrisFlyer Programme
  • Miles are transferred at the conversion rate of 7 points for 2 miles
  • There is a S$25 transfer fee each time points are converted to miles

SC Rewards+ Card Rewards Exclusions

Some credit card expenditures are ineligible for cash back or rebate. We identify these exclusions below.

Cash advances; credit card funds transfer; monthly instalment of an EasyPay transaction; any bank fees or charges (including but not limited to annual card fees, service fees, interest charges, cheque processing fees, administrative fees, finance charges, and/or late payment charges and other miscellaneous fees and charges); any amount charged to card that is subsequently cancelled, voided, refunded or reversed
Recurring payments (being automatic payments where the cardholder has given a one-time authorisation or instruction for the merchant to charge the bill payment directly to the credit card at a fixed interval) or payments made using Standard Chartered Online Banking; AXS or ATM transactions; any top-ups or payment of funds to any prepaid cards and any prepaid accounts (EZ-Link, FlashPay, TransitLink, MoneyBookers, Skrill, IG Markets, Oanda Asia Pacific, Paypal, Capital Royal, Saxo Capital Markets and others)
Insurance premiums, tax refunds, tax payments

How does SC Rewards+ Card Compare Against Other Cards?

Consider this if you are interested in a supplementary card for dining & overseas spend
  • Pros
    • People with S$250-350/month dining & overseas budget
    • Supplementary card for lower spend areas
    • Cons
      • People seeking to maximise rewards for everyday spend
      • Those with cards that already reward dining & overseas
      • People who spend S$350+/month on dining alone

      Read our comparisons of SC Rewards+ Card with other cards and learn what makes each card unique in their own way. We compare and contrast each card to highlight its uniqueness to help you identify the card that you need.

      Standard Chartered Rewards Plus Card performs below the market average for value-to-consumer after two years based on an average monthly spend of S$2,000

      SC Rewards+ Card v. SC Unlimited Cashback Card

      Consider this if you are interested in a simple card, with unlimited cashback
      • Pros
        • Unlimited 1.5% flat cashback
        • No minimum spend requirement
        • Up to 21% fuel savings with Caltex
        • Cons
          • No boosted rates in specific categories
          • No travel perks

          While the lack of spend requirement allows cardholders to begin earning immediately, SC Unlimited Cashback Card is best fit for high spenders because it offers 1.5% flat cashback with no earnings cap. In fact, this card is most competitive for consumers who spend S$7,000+/month, who can truly take advantage of its unlimited earning potential.

          SC Rewards+ Card v. Maybank Horizon Visa Signature Card

          Consider this if you want to maximise miles earned on dining and petrol
          • Pros
            • High spend on local dining & transport
            • Great for local spend and miles rewards on travel
            • 3 years fee waiver
            • Cons
              • Doesn't reward overseas spend
              • Few travel perks & privileges
              • Lacks in rewards for essentials (ie groceries)

              Maybank Horizon Visa Signature Card is an excellent, no-fee option for low spenders, offering 3.2 miles per S$1 spend on dining, petrol, and taxi fares and 2 miles on air tickets, travel packages and overseas spend–all after just S$300 minimum spend. The fee is waived 3 years, then with each S$18,000 annual spend (S$1,500/month). Consumers who spend as low as S$300/month will earn more with Maybank Horizon Visa Card than with SC Rewards+ Card, due to its high rates. Consumers who spend less, however, earn just 0.4 miles per S$1 on all spend, and can better maximise rewards for dining with SC Rewards+ Card.

              SC Rewards+ Card v. HSBC Revolution Card

              Consider this if you spend mostly on shopping, dining and entertainment
              • Pros
                • Great rewards on local dining and entertainment
                • Online shopping perks
                • No-fee card
                • Cons
                  • Lacks rewards for frequent travellers who spend large amounts overseas
                  • Not suitable for low budgets

                  Social spenders seeking no-fee rewards for local dining, entertainment and online spend may be interested in HSBC Revolution Card, which provides unlimited 2 miles per S$1 spend on all of these categories and waives its fee with S$12,500 annual spend. Like SC Rewards+ Card, HSBC Revolution Card has no minimum spend requirement. However, it only offers 0.4 miles per S$1 overseas spend. Consumers seeking a supplementary card for dining who also spend time abroad might instead want to consider SC Rewards+ Card.

                  Read Also:

                  Zoryana Melesh

                  Zoryana is a Senior Research Analyst at ValueChampion, who focuses on evaluating credit cards, savings and fixed deposits in Singapore. She holds a BA in Political Science and an MPA in International Finance and Economic Policy, both from Columbia University. Prior to joining ValueChampion, Zoryana worked in treasury management consulting.

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