Miles vs Cashback

Standard Chartered Smart Credit Card

A starter cashback card paying boosted rates at a fixed list of fast-food, streaming and transport merchants, gated behind a monthly minimum spend.

Issuer
Standard Chartered
Network
Visa
Rewards
Cashback
Annual fee
Annual fee, often waivable
Beginner-friendlyLounge access
DiningEntertainmentTransport

Pros

  • +No annual fee in the first year, and accessible to those earning the MAS-minimum S$30,000 a year
  • +Up to 10% cashback at named everyday merchants (e.g. McDonald's, KFC, Burger King, Starbucks, Netflix, Spotify, Disney+, SimplyGo bus/MRT, EV charging)
  • +No cap on 360 Degree Rewards Points / cashback earned since 6 December 2024
  • +Comes with Visa SmartDelay complimentary lounge access on delayed flights

Cons

  • −The headline 10% rate requires S$1,500 total monthly spend; below S$800/month the bonus categories drop to just 0.5%
  • −Bonus cashback is limited to a fixed list of named merchants, not whole categories
  • −Non-bonus and foreign-currency spend earns only 0.5% to 1% base, plus a 3.5% foreign transaction fee, so it is weak for overseas use
  • −Cashback is paid as 360 Degree Rewards Points (3,200 points = S$10), not direct statement cashback, and a S$99.19 annual fee applies from year two
Annual feeS$99.19as of 16 Jun 2026
CashbackUp to 10% cashback (paid as 360 Degree Rewards Points) at named fast-food, streaming and transport merchants with >=S$1,500 monthly spend; 0.5% to 1% on other eligible spend; uncappedas of 16 Jun 2026
Min. income (S'porean/PR)S$30,000/yras of 16 Jun 2026
Min. income (foreigner)S$90,000/yras of 16 Jun 2026

Eligibility: Minimum age 21 (up to 65). Singaporeans/PRs need S$30,000 annual income; foreigners need S$90,000 and a valid Singapore Employment Pass (w.e.f. 29 March 2025).

Who it’s for

The Standard Chartered Smart Credit Card is a cashback card from Standard Chartered, best suited to people who spend on dining, entertainment and transport. It's beginner-friendly and includes lounge access. It carries an annual fee that can often be waived. Confirm the current terms before applying.

View official detailsAlways confirm the latest fees, rates and terms on the issuer’s site.

Sources

Last reviewed 16 Jun 2026.

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