Standard Chartered Unlimited Cashback Card: Should You Get It?

Unlimited 1.5% Cashback + SimplyGo Functionality
Standard Chartered Unlimited Cashback Credit Card
Standard Chartered Unlimited Cashback Credit Card

Standard Chartered Unlimited Cashback Card: Should You Get It?

Unlimited 1.5% Cashback + SimplyGo Functionality


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  • Unlimited 1.5% flat cashback
  • No minimum spend requirement
  • Up to 21% fuel savings with Caltex


  • Must spend S$7,000/month to get good value
  • No boosted rates in specific categories
  • No travel perks
Standard Chartered Unlimited Cashback Credit Card
Standard Chartered Unlimited Cashback Credit Card

High spenders who feel constrained by earnings caps should definitely consider Standard Chartered Unlimited Cashback Card–not only for its 1.5% unlimited rebate on all spend, but also for its great transport benefits. While similar cards are fairly standard and don’t come with many perks, SC Unlimited Cashback Card is SimplyGo functional and offers up to 21% fuel savings with Caltex. Overall, SC Unlimited Cashback Card is an excellent option for affluent commuters who want to maximise rewards from their monthly budget.

Standard Chartered Unlimited Cashback Card Features and Benefits

  • Annual Fee: S$192.60, Waived for 2 years
  • Income Requirement: S$30,000 for citizens & PRs, S$60,000 for foreigners
Key Features:
  • Annual fee: S$192.60 (waived for two years)
  • Unlimited 1.5% cashback on all spend
  • Caltex petrol discounts up to 21%

What Makes SC Unlimited Cashback Card Stand Out

Standard Chartered Unlimited Cashback Card allows high spenders to conveniently maximise earnings and enjoy great transit benefits. Cardholders earn unlimited 1.5% flat cashback with no minimum required spend. While this rate is lower than competitors’–UOB One Card offers up to 5% flat cashback, HSBC Advance Card up to 3.5%–cardholders are not constrained by an earnings cap. Consumers also benefit from the card’s SimplyGo functionality and up to 21% fuel savings at Caltex.

SC Unlimited Cashback Card’s low cashback rate is a counterbalance to its unlimited earning potential, however. Cardholders would need to spend S$7,000+/month to earn more cashback with SC Unlimited Cashback Card than they could with most capped competitors. The higher the monthly spend, the more valuable the card becomes, so average and lower spenders would be far better off with cashback cards with a higher flat rate or with high specialized rates by spend type.

Monthly SpendUOB One CardHSBC Advance CardSC Unlimited Cashback Card
S$2,000S$100 (cap)S$70S$30
S$7,000S$100 (cap)S$125 (cap)S$105
S$9,000S$100 (cap)S$125 (cap)S$135
HSBC Advance Card rates as applied to HSBC Advance banking customers

It’s also worth mentioning that SC Unlimited Cashback Card has a S$192.6 annual fee, waived 2 years. The fee may seem small, averaging to S$16.05/month, but it substantially detracts from cashback earnings for those spending S$4,000 or less per month once the waiver ends. Again, the low cashback rate limits profitability for average and lower spenders.

SC Unlimited Cashback Card: Influence of Annual Fee after 2-Year Waiver Ends

Monthly SpendTotal CashbackCashback After Fee% Change

Ultimately, the highest spenders can take advantage of SC Unlimited Cashback Card’s unlimited earnings potential, despite the relatively low 1.5% flat cashback rate. Cardholders can also enjoy transit benefits, including SimplyGo functionality, which provides another level of convenience.

How Does SC Unlimited Cashback Card's Rewards Program Work?

Use our quick and easy-to-read guide below to learn how you you can redeem SC Unlimited Cashback Card rewards.

  • Every 1 dollar of cashback earned is equal to S$1
  • Cashback earned is excluded from earning SC Rewards Points
  • Cashback is credited to the cardholder's account the following month
  • Cashback is automatically offset against the next month’s billed amount

SC Unlimited Cashback Card Rewards Exclusions

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

Exclusion CategoryDescription
Bank FeesAny cash advance, fees and charges (including but not limited to annual card fees, interest charges, cheque processing fees, administrative fees, finance charges, and/or late payment charges and other miscellaneous fees and charges); any credit card funds transfer; any monthly instalment of an EasyPay transaction; any amount charged to card that is subsequently cancelled, voided, refunded or reversed; amounts that have been rolled over from the preceding months’ statements; tax refunds or payments
Transfers & Bill PaymentsRecurring payments or payments made to all billing organisations using Standard Chartered Online Banking; AXS or ATM transactions, any top-ups or payment of funds to any prepaid cards and any prepaid accounts including EZ-Link, FlashPay, TransitLink, MoneyBookers, IG Markets, Oanda Asia Pacific, PayPal, Skrill, Saxo Capital Markets and others
Institutional PaymentsInsurance premiums

How does SC Unlimited Cashback Card Compare Against Other Cards?

Read our comparisons of SC Unlimited Cashback 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 Unlimited Cashback Card provides an above-average value-to-consumer after two years based on an average monthly spend of S$2,000

SC Unlimited Cashback Card v. American Express True Cashback Card

Consider this if you want unlimited amount of cash rebate and value American Express's services
  • Pros
    • Great Amex perks
    • Straightforward, easy-to-use card
    • Cons
      • Not suitable for lower budgets
      • Rewards general spend only

      While both SC Unlimited Cashback Card and American Express True Cashback Card are very similar–no earnings cap or minimum spend requirement, 1.5% flat cashback rate–Amex True Cashback Card stands apart by offering a 3% cashback boost for the first 6 months (up to S$5,000 spend) in addition to free travel insurance and access to American Express Selects dining privileges. Amex True Cashback Card, however, lacks SC Unlimited Card’s SimplyGo functionality, making the latter a more convenient alternative for commuters.

      SC Unlimited Cashback Card v. Maybank FC Barcelona Card

      PROMO: GET Garmin vivomove Style worth S$469
      Consider this if you want to earn an unlimited amount of cash rebate without paying an annual fee
      • Pros
        • Affluent consumers spending S$6,500+/month
        • High spenders with mostly local budgets
        • Football fans–especially of FC Barcelona
        • Cons
          • Frequent travellers with high overseas spend
          • People spending less than S$5,000/month
          • Consumers who prioritise travel perks & privileges

          Like SC Unlimited Cashback Card, Maybank FC Barcelona Card offers flat cashback with no earnings cap or minimum spend requirement, though for local purchases only and at a slightly higher rate (1.6% v. 1.5%). Overseas spend earns 0.8 miles per S$1, which is a bit low, but cardholders can avoid paying the S$120 fee with just S$10,000 annual spend, making the card very low-maintenance. This card is also great for sports enthusiasts, offering frequent promotions and discounts related to the FC Barcelona team. Those with a higher spend overseas, however, might prefer SC Unlimited Cashback Card.

          SC Unlimited Cashback Card v. UOB One Card

          Consider this if you want to maximise your cash rebate and spend about S$2,000 per month
          • Pros
            • Good fit for budgets of at least S$2,000 per month
            • Easy cashback on daily spend
            • Gives rebates for paying bills
            • Cons
              • Doesn't fit high budgets or low/inconsistent budgets
              • Annual fee

              Consumers with a consistent S$2,000 monthly budget will maximise cashback with UOB One Card, which rewards this spend level with 5% flat cashback as part of a quarterly rebate, capped at S$300/quarter. Consumers with irregular or lower budgets earn 3.33% flat cashback, up to S$50 or S$100 per quarter (for consistent S$500 or S$1,000 minimum monthly spend per quarter, respectively). While average and lower spenders earn higher flat rates with UOB One Card, very high spenders might prefer the uncapped earning potential of SC Unlimited Cashback Card.

              SC Unlimited Cashback Card v. HSBC Advance Card

              HSBC Advance Credit Card
              HSBC Advance Credit Card
              Consider this if you either make S$3,500 per month, have S$30,000 of cash savings or have a home loan with HSBC
              • Pros
                • Great fit for budgets between S$2,000 and S$8,000/month
                • Easy, low-maintenance cashback
                • Cons
                  • Not suitable for average or below-average spend
                  • Lacks travel perks
                  • Doesn't fit highly specialised spend behaviors

                  With HSBC Advance Card affluent customers can enjoy up to 3.5% flat cashback after S$2,000 spend (or 2.5% cashback if spend is lower) and up to S$300/month for simply depositing a minimum of S$2,000 per month in fresh funds and charging at least five transactions to their account. In order to reach the S$300/month cap, cardholders need to spend S$8,571/month. To earn the equivalent, SC Unlimited Cashback Cardholders would need to spend S$20,000/month. Ultimately, SC Unlimited Cashback card is best fit for the highest spenders looking to avoid earning caps altogether.

                  SC Unlimited Cashback Card v. Citi SMRT Card

                  Citibank SMRT Card
                  Citibank SMRT Card
                  Consider this if you want to earn cashback on your daily commute on public transit
                  • 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 similar to SC Unlimited Cashback Card in offering commuting convenience (in this case, EZ-Link compatibility with a bonus 2% rebate on Auto Top-Ups), but is better suited to those with a modest budget seeking everyday cashback. Cardholders earn up to 5% rebates on coffee and fast food, groceries, and cinemas; 3% on online shopping; and 2% on health and wellness, all with no minimum spend requirement. While rebates rates are higher than SC Unlimited Cashback Card’s, they are limited to select categories and merchants, and earnings are capped at just S$50/month. Young professionals can easily earn on daily expenses with Citi SMRT Card, but affluent spenders would likely feel restrained and might instead opt for SC Unlimited Cashback Card.

                      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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