Review: Standard Chartered Smart Credit Card – A High-earn 6% Cashback Card Without Minimum Spend?!

This article is written in collaboration with Standard Chartered Bank (Singapore) Limited (“Standard Chartered”). All views expressed in the article are the independent opinions of All information provided is for informational purposes only and is not intended to be construed as advice or an offer for any product or service. Standard Chartered is not liable for any informational errors, incompleteness, delays, or for any actions taken in reliance on information contained herein

Minimum spends and noisy schoolchildren on a bus share a few things in common: they’re annoying, and sometimes they feel a little too much. Unfortunately for people who prefer cashback, it seems like minimum spends and high-earn cashback cards go hand-in-hand these days. I can’t think of a card beyond 2% cashback that doesn’t have a minimum spending requirement. 

The Standard Chartered Smart Credit Card is a little different. 

ProviderStandard Chartered
TypeConditional cashback
Earn Rate6% cashback (19.2 Rewards Points) on spend at:
– Fast food
– Coffee and toast
– Digital Subscriptions
– Daily Commute

0.5% cashback (1.6 Rewards Points) for all other spend
ConditionsNo minimum spend
6% on selected categories 
Limits14,400 Rewards Points cap on 19.2 Rewards Points earn rate
TrackingTransactions posted in statement month

 No minimum spend, no annual fees, no fuss

The Smart Credit Card, unlike many high-earn cashback cards, does not have a minimum spend requirement!

It gives 19.2 Rewards Points per dollar spent (6% cashback) on the following: 

  • Fast food: McDonald’s, KFC, Subway, Burger King
  • Coffee and toast: Ya Kun Kaya Toast, Toast Box, Fun Toast
  • Digital subscriptions: Netflix, Spotify, YouTube, Disney+
  • Daily commute: BUS/MRT via SimplyGo

One typically wouldn’t spend a lot on such categories compared to things like electronics, but these are pretty common areas of spend for many of us. 

While I pride myself as being an “optimiser” (I maintain an Excel spreadsheet to track if I hit the minimum spend for some cards I own), some month-ends are a period of anxiety for me if I have not met the minimum spend for a few cards I have. Having no minimum spend means that there is very little effort needed to use this card.

There is also no annual fee ever and no cash advance fee for this card,.

The Smart Credit Card gives 19.2 Rewards Points per dollar spent on eligible categories, which you can redeem for cashback at a rate of 3,200 for $10. That’s $166.67 of spend per $10, making 6%, and it does mean you have to manually redeem the cashback.

It also means that you can redeem for other things in Standard Chartered’s online rewards catalogue including things like hotel stays, vouchers, or miles. In this climate, cashback is king, but CapitaLand vouchers do look particularly attractive at 5,600 points for $20.

Break big purchases into smaller payments

EasyPay is Standard Chartered’s instalment service that lets credit card users break big purchases into smaller ones. Credit card instalment plans typically charge an upfront fee, and offer no rewards. Until 31st December 2022, Smart Credit Cardholders will receive 100% cashback on the service fee for 0% interest 3-month tenures, and also earn the base 0.5% cashback rate on such payments. Smart Credit Cardholders also enjoy a waiver of the S$150 cancellation fee if any EasyPay instalment plan is terminated early for repayment. 

Buy Now Pay Later (BNPL) services have become quite commonplace of late, and this is another option for shoppers looking to split their big purchases into smaller payments. While BNPL services have to tie up with retail merchants to offer their services, Smart Credit Cardholders can convert any retail transaction of at least $200 into EasyPay transactions. They can also decide to do this up to 30 days after the purchase is complete, giving them more time to plan their budget. 

Sign-up bonus

StanChart Smart

Please choose the promo you want carefully:

🔥 👍🏼

StanChart Promo

For new cardholders:

Sign up with this link and activate physical card within 30 days, no minimum spend requiredS$250 cashback¹
Tap here to fill this Google form³
Make one eligible transaction within 30 days of card approval
Additional S$20 cashback²
  1. Terms and conditions (Clause 3)
  2. Terms and conditions (Clause 10 and 11)
  3. Form is strictly used to troubleshoot referral incentive of S$20 in the event it is not disbursed by the bank

Offer until 30th June 2023

SingSaver Promo


  1. Apple AirPods Pro Gen 2 (worth S$362.35)
  2. Xiaomi Robot Vacuum S10 (worth S$379) 
  3. Upsized S$300 Cash via PayNow

Plus: bonus S$20 when you also register their new Smart Credit Card as a payment method and have at least $20
transaction on selected merchants (Shopee, Lazada, Taobao, ezbuy, Qoo10, Carousell, Netflix)

⚠️ Fill in SingSaver form found in email

Offer until 11th June 2023


  • min spend of S$500 within 30 days of card approval
  • new to StanChart (no StanChart card for past 12 months)
  • fill up SingSaver form after application

Sign-up Process

  1. Apply with the link
  2. Important: find SingSaver email and fill in redemption form after application; no form no reward
  3. Promo code field can be left blank
  4. Fulfil requirements as stated in terms and conditions

Credit card terms and conditions
Banking account terms and conditions
Priority banking terms and conditions

Gives 19.2 Rewards points for selected merchants. That's 5.57 miles per dollars or 6% cashback! Bundle with Bonus$aver for another sign-up gift! Watch the review here


I like new cards, and I love useful ones. For now, the new kid on the block Smart Credit Card is both. I literally just bought McDonald’s, took a bus home, and continued my binge re-watch of Modern Family, and the Smart Credit Card would have given me 6% cashback on all of these spending.  

It’d be great if the categories were widened, but we’re talking about a 6% cashback card without a minimum spend. As it is, people who don’t have high monthly expenditure and find themselves only getting 1.5% cashback due to their frugal spending habits will surely find this card useful. 

The good:

  • High earn rate of 19.2 Rewards Point (6% cashback)
  • No minimum spend!
  • No annual fee ever
  • Condition is easily met: categories are common areas of spend
  • Ability to convert purchases to 3-month instalment plans with no fees and continue to earn Rewards Points

The bad:

  • Categories of spend may be rather limited for some
  • Manual redemption of cashback  

* For full terms and conditions, please click here

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5 thoughts on “Review: Standard Chartered Smart Credit Card – A High-earn 6% Cashback Card Without Minimum Spend?!

  1. Do you have to redeem in $10 denominations of 3,200 rewards points (similar to Citi SMRT or Cashback+ card)?

  2. Are bonus points credited when transaction is posted or do you have to wait e.g. till next month? I used it for MRT and only got 1.6 points per $1.

  3. how can we utilise the signup cashback offer ($270) upon fulfillment of conditions? can we use it to offset cc bill and when using SC Pay? Any other areas where we can utilise the cashback?

    1. The StanChat app allows you to refund the cashback to your StanChart bank account. Alternatively you can just pay a bill via AXS

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