Standard Chartered Smart Credit Card Review: Is It Worthwhile?
Standard Chartered Smart Credit Card Review: Is It Worthwhile?
ValueChampion Rating 
Pros
- No cash advance fee
- No annual fee
- No minimum monthly spend
Cons
- Cashback capped at 14,400 reward points, approximately S$45
- Complimentary travel insurance only covers the cardholder
Standard Chartered Smart Credit Card offers an attractive 6% cashback on qualifying transactions with no minimum spend required. Moreover, you can divide your payments into three interest-free instalments with EasyPay. With no annual fees and cash advance fees, the Standard Chartered Smart Credit Card does seem appealing. However, the cashback is only applicable to limited transactions, such as fast food, digital streaming subscriptions, breakfast joints and public transport. Overall, the Standard Chartered Smart Credit card is a good option for those who want to maximise rewards from their everyday-lifestyle purchases.
Standard Chartered Smart Credit Card Features and Benefits
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Key Features:
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What Makes Standard Chartered Smart Credit Card Stand Out
Standard Chartered Smart Credit Card is best fit for consumers who regularly spend on fast food, digital streaming subscriptions, breakfast joints and public transport. Cardholders earn 6% cashback with no minimum spend required. On top of that, the annual fee is perpetually waived. However, cashback is capped at 14,400 reward points, which equates to approximately S$45.
| Qualifying Merchant Transactions | |
|---|---|
| Fast Food | McDonald’s, KFC, Subway, Burger King |
| Digital Streaming Subscription | Netflix, Spotify, YouTube, Disney+ |
| Breakfast Joints | Ya Kun Kaya Toast, Toast Box, Fun Toast |
| Public Transport | BUS/MRT via SimplyGo |
Another factor worth mentioning is the EasyPay feature. Easypay allows you to split your payments into instalments over your preferred tenure, lasting 3, 6, 9 or 12 months. With the Smart Credit Card, you get 100% cashback on the one-time service fee if you opt for a 3-month instalment plan.
| 3-Month Instalment Plan Example | |
|---|---|
| Transaction Amount | S$900 |
| Instalment Tenure | 3 Months |
| Monthly Repayment | S$900/3 = S$300 |
| One-Time Service Fee | S$9 |
| Cashback | S$9 |
If you are an avid traveller, a notable feature is the complimentary travel insurance of up to S$500,000. All you need is to charge your full travel fare to your card before going abroad. Even though this is not the most comprehensive travel insurance plan, it will give you added peace of mind when you go on your next trip.
Ultimately, Standard Chartered Smart Credit Card is a convenient card to carry in your wallet since it has high cashback rates on common everyday-lifestyle spend. Moreover, you can enjoy the benefits of the card without worrying about the annual fee and minimum spend.
How Does Standard Chartered Smart Credit Card's Rewards Program Work?
Use our quick and easy-to-read guide below to learn how you can redeem SC Smart Credit Card rewards.
- Rewards are given in the form of 360° Rewards Points
- Redeem cashback with your 360° Rewards Points online
- Every 320 360° Rewards Points earned is equal to S$1
How does Standard Chartered Smart Credit Card Compare Against Other Cards?
Read our comparisons of Standard Chartered Smart Card with other cards and learn what makes each card unique in its own way. We compare and contrast each card to highlight its uniqueness to help you identify the card that you need.
Standard Chartered Smart Credit Card v. Citi SMRT Card
- Pros
- Good rewards rates for modest budgets
- SMRT$ rewards on EZ-Reload transactions
- Cons
- Not suitable for higher budgets
- Lacks travel and overseas rewards
Citi SMRT card is quite similar to SC Smart Credit card as it offers up to 5% rebate on public transport rides too. On top of public transport rides, Citi SMRT card also offers up to 5% rebate on online purchases, groceries and taxis. Citi SMRT Card stands out because it is EZ-Link compatible and rewards 5% rebate for Auto Top-Ups. While the Standard Chartered Smart Credit card also offers a high cashback rate, it is limited to qualifying merchants. Hence, if you want good cashback from more merchants, Citi SMRT Card might be better suited for you.
Standard Chartered Smart Credit Card v. OCBC Frank Card
- Pros
- 6% rebate on online, mobile contactless, and FX spend
- Fee waiver with S$10,000 annual spend
- Cons
- 0.3% rebate on general purchases
- Annual fee after 2 years
- Capped cashback at S$75
Young adults can maximise rewards for entertainment and online spend–while also avoiding an annual fee–with OCBC Frank Card, which rewards a 5% rebate on spend at bars, cinemas, cafes and more, 6% on online purchases (including Grab rides), and 3% on Auto Top-ups, capped at S$60/month total. In order to access these rates, cardholders must spend S$400/month offline, however, and can only access the card's fee waiver with S$10,000 annual spend (about S$833/month). Standard Chartered Smart Credit Card offers similar rewards rates, but has no monthly minimum, making it a better match for lower spenders.
Standard Chartered Smart Credit Card v. DBS Live Fresh Card
- Pros
- Great rewards on contactless payment methods (Visa payWave)
- Green cashback on eco-eateries and retailers
- Various entertainment discounts and promotions
- Cons
- Lacks travel and overseas spend rewards
- Not suitable for low budgets
DBS Live Fresh Card is great for tech-friendly consumers seeking convenience and rewards for shopping. Cardholders earn 5% cashback on online spend and contactless payments, after a S$600 minimum spend; below this minimum threshold, purchases earn just 0.3% cashback. While Standard Chartered Smart Credit Card earns a rate of 6% cashback, it is limited to selected categories. Hence, average spenders might opt for the DBS Live Fresh Card instead, as it offers cashback for a wider range of products and services.