Great Deal: Get Gadgets or S$388 Cash Plus Bonus Red Packet With StanChart Simply Cash

New Standard Chartered cardholders can get a great sign-up offer by applying for the StanChart Simply Cash with the link below. The current promo offers as much as S$388 in cash or another gift of your choice! Regardless of the gift option you pick, you will also get a bonus red packet that can offer up to S$8,888 to celebrate a prosperous Lunar New Year.

Promo Details

The Dyson, Xiaomi and S$388 cash are my picks for this promo. S$400 Lazada vouchers isn’t significantly higher than S$388, so I think cash is the better option. If you like either the Dyson or Xiaomi gadget, however, those are being sold for considerably more than S$388 so those would be my gift of choice if I were to be in the market for a new hairdryer or vacuum.

Lunar New Year goodie: get bonus red packet 🧧

Applications until end of 26th January 2025 will receive a bonus red packet on top of the selected sign-up reward. After applying with the link above, make sure you fill out the SingSaver Rewards Redemption Form to select your welcome gift. Complete the requirements for your sign-up offers to secure your welcome reward.

From 27th January to 12th February 2025, you will be able to open your red packet. Each red packet will contain either a cash prize of between S$8 to S$8,888 or a 8% discount code off travel insurance purchases.

See terms and conditions here.

What to spend on?

You need to meet the minimum spend to qualify for rewards. Do note that there are transactions which are excluded. Read the terms and conditions carefully when applying.

Generally, retail transactions like buying stuff or dining out are very safe. Things like bill payments, education expenses and CardUp or ipaymy become a lot iffier and depends on the bank your card is from.

Do check out this article on what you can spend on to meet the minimum spend:

Subscribe for more deals and updates!

In 2024, StanChart has been offering as much as S$500 cash for new sign-ups, though that hasn’t been happening for a while. Subscribe to the Telegram and leave notifications turned on so you can be informed when another such deal happens.

Remember though that opportunity cost is also a thing, and S$388 now may well be better than S$500 that never happens (or happens way too late).

Seth Wee was a licensed financial adviser representative from 2009 to 2025, with over 16 years of experience in Singapore’s financial advisory industry.

He started Sethisfy.com in 2019 to share practical insights on credit cards, banking products, and miles strategies, helping readers identify financial products that deliver the best value. Seth has been featured in CNA, Channel 8, Today, and a host of other publications. In 2025, he was also part of a panel at CPF’s Ready For Life festival.

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