StanChart Promos: 45,000 Miles + S$140 Versus S$400 Compared

Please click each link to see the latest promo.

Update: extended until 2nd November 2023

Until 31st October 2023, StanChart has two blockbuster deals with SingSaver that you should definitely sign up for if you do not own a StanChart card for the past 12 months.

The first is StanChart Journey’s sign-up offer giving up to 45,000 miles plus S$140 cash, and the second is StanChart Simply Cash’s offer of S$400 cash. Both are fantastic sign-up deals for those new to StanChart.

Which should you pick?

While it may seem straightforward to pick the miles offer if you like miles and pick cash if you aren’t into miles, value-seeking people might want to look through both promos to see which is a better deal for their first StanChart card in their lives (or at least in the past 12 months).

I’ll compare the two offers for those who are undecided which to pick.

For StanChart Journey’s promo, I would advise going for the fee waiver option which gives 35,000 miles. Paying the S$194.40 annual fee for 10,000 miles probably isn’t worth it for most people.

	Journey	Simply Cash
Sign-up Bonus	35,000 miles + S$140 cash	S$400 cash
Spend Requirement	S$3,000	S$500

For the fuss-free

For an easy deal, it goes without saying that the Simply Cash promo is much simpler to achieve with its lower spend requirement. It’s a pretty straightforward affair to get the card, spend S$500 quickly and be done with it.

If you can’t meet the S$3,000 spend requirement of the Journey promo, getting StanChart’s S$400 is your only choice, and it’s a really good promo.

If you can meet the S$3,000 spend requirement

If you have a larger amount of expenses to the tune about S$3,000, Journey might not necessarily be the default choice.

When you compare the spend requirements of both promos, there is an extra S$2,500 of spend required for StanChart Journey’s promo. Aside from a few categories which earn 3 miles per dollar with the Journey card, most spend would earn only 1.2 miles per dollar.

If the amounts spent are something you can put on a 4 miles per dollar card, the opportunity cost is 2.8 miles per dollar. At 6 miles per dollar (hi, UOB Lady’s), the opportunity cost is 4.8 miles per dollar.

In essence, you could sign up for the StanChart Simply Cash card, spend S$500 before spending the remaining S$2,500 with a 4/6 miles per dollar card. In some situations, that may make more sense.

For the sake of comparison, we can take a look at a 5% cashback card for the remaining S$2,500 of spend:

	Journey	Simply Cash + 4 miles per dollar	Simply Cash + 6 miles per dollar	Simply Cash + 5% cashback
Your Spend Amount	S$3,000	S$3,000	S$3,000	S$3,000
Total Rewards	S$140 cash + 38,600 miles	S$400 cash + 10,000 miles + S$7.50 cashback	S$400 cash + 15,000 miles + S$7.50 cashback	S$400 cash + S$132.50 cashback
Value (Miles valued at 0.667 cents each)	S$397.33	S$474.16	S$507.49	S$532.50 ⭐️
Value (Miles valued at 1 cent each)	S$526	S$507.50	S$557.50 ⭐️	S$532.50
Value (Miles valued at 1.25 cents each)	S$622.50 ⭐️	S$532.50	S$595	S$532.50
Value (Miles valued at 1.5 cents each)	S$719 ⭐️	S$557.50	S$632.50	S$532.50

Your valuation of miles impacts the decision whether to go for the Journey promo. The more you value miles (i.e. you are able to use them effectively and value business class flights), the more the Journey promo would make sense.

If we take a more conservative valuation of miles, you start to see that going with StanChart Simply Cash and a 6 miles per dollar card would be better. Of course, do note that it is going to be harder to earn 6 miles per dollar on S$2,500.

At even lower valuations of miles, picking Simply Cash and another high-earn cashback card becomes the better choice.

Conclusion

In short:

Those who can only meet S$500 of spend requirement

• Get the Simply Cash promo, and it’s a great deal.

Those who can meet S$3,000 of spend requirement

• If you don’t want miles or value miles lowly (<1 cents each): Simply Cash + cashback card
• If you value miles conservatively and confident of earning 6 miles per dollar: Simply Cash + UOB Lady’s
• If you value miles higher (≥ 1.25 cents each): Journey

I know it seems like an obvious thing that people who value miles should go for the Journey card and those who don’t should go for the Simply Cash promo, but the results would have been quite different if the Journey card’s spend promo was say S$5,000 instead. In that situation, the opportunity cost of using the Journey’s 1.2 miles per dollar earn rate becomes larger, and one would be better off with the Simply Cash and a 4/6 miles per dollar card.

Either way, both are great deals, and your bigger mistake would be to let choice paralysis take over and signing up for neither. Subscribe for more deals (and deals analysis)!

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.

Subscribe to the channel for free updates!

Disclaimer: I may receive an affiliate/referral fee when you sign up for services/products on this site, and such fees keep the site running. I would only recommend services/products I would personally use or recommend to my own friends and family, but I do not provide any warranty or guarantee for the quality of these services/products. Thank you for supporting my site!

Please exercise due diligence when signing up for any service/product as I will not be liable for any personal loss, financial or otherwise. Content published here are my sole views and personal opinion, and none of the information here constitutes personal financial advice nor represents the views of my employer(s).