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    We found 1 Standard Chartered Platinum Mastercard for Rewards: Yet to Get Reviews
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    Standard Chartered Platinum Mastercard for Rewards: Yet to Get Reviews

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    The Standard Chartered Bank Platinum Mastercard offers rewards points for everything you spend on. Here are some highlights of the card:

    • Easily transfer funds from your card account at 0% interest.
    • Transform your retail transactions over S$500 into interest-free instalments.
    • Enjoy dining, travel, shopping and golfing offers at thousands of outlets in Asia.

    Best suited for: Those who want savings on every cent spent.

    Key Features

    Feature Description
    Annual Fee S$192.60 (waived for the first 3 years)
    Rewards points on all eligible spends 1 Rewards Point per S$1
    Complimentary travel insurance Not available

    Additional Benefits

    • You can save on interest when you transfer money from your card to your savings account.
    • Pay at the convenience of your fingertips using your phone on any contactless sales terminal.
    • Using the Mastercard Tap-and-Pay feature, you can tap your card on any contactless terminal to pay. There is no need for any signature for purchases below S$100.
    • Through CardSafe Guarantee, when you shop online, you will be protected from fraudulent transactions.
    • Through the Recurring Payment Plan, you can consolidate your bills into just one card payment that not only saves time but also lets you earn more rewards, faster.
    • Enjoy various promotional offers under Live The Good Life and Mastercard Moments programmes. Know more about it on our Standard Chartered Bank credit card promotions page.

    Earning Rewards

    With the Standard Chartered Bank Platinum Mastercard, you will be eligible for the 360° Rewards Programme that will reward you for your relationship with the bank. This programme starts with your credit card expenditure and also rewards you on your online transactions, deposits, investments, and mortgage. Let’s see how you can earn the points:

    • Get 1 point for every dollar spent using the card.
    • Get 2 points per dollar if you spend S$1,000 or more per month and sign up for a Personal Banking Suite.
    • Get 50 points per month on each of these four product categories you hold with the bank:
      • Current account
      • Fixed deposit account
      • Online transactions
      • Home loan
    • Make investments in addition to holding the above relationship with the bank, and you will eligible for an extra 100 points per month.
    • You also have to spend at least S$250 a month on your credit card to get these additional relationship points.

    These points will be valid for 3 years. If you want to find out how much 360° Rewards Points you have currently, you just have to call the bank’s 24-hour Phone Banking hotline number or refer to your monthly statement.

    Let Us Illustrate:

    Suppose you’ve spent S$800 a month on various spends in Singapore. Here’s how your rewards points will accumulate:

    Spend categories Monthly spend Points earned
    Dining S$200 200
    Online Shopping S$200 200
    Grocery S$200 200
    Petrol S$150 150
    Other retail spends S$50 50
    Total S$800 800

    Redeem Rewards Points/Cash Rebate

    Once you log in, the points that you can redeem in your account can be seen on the Points Summary section. You can redeem your 360° Rewards Points through ibanklite.standardchartered.com/nfs/orr/foa/view_reward_list.htm.

    You will get a coupon for every reward you redeem. As a Standard Chartered cardholder, you can pick from a large number of offers from the bank’s rewards catalogue. These include everything from dining to shopping vouchers, and cash credits to air miles. If you wish to transfer your rewards points to a nominee, a fee of S$10 will be charged for every 100,000 points transferred. To get air miles, you’ll have to pay a conversion fee of S$25 per redemption.

    Some of the options available for redemption are:

    • 1,015 Krisflyer Miles for 5,500 points
    • Cash credit of S$100 for 32,000 points
    • S$10 Watsons voucher for 2,700 points
    • A 45-minute foot reflexology treatment at Adeva Spa for 7,000 points

    Interest Rates

    Type of Interest Charge
    Retail Purchases 25.9% p.a.
    Cash Advance 28.105% p.a. (0.077% per day)
    Instalment Payment Plan 0%

    Note: The rates mentioned above are effective from 11 April 2018.

    Other Fee and Charges

    Type of Charge Charge
    Overseas Transaction Fee 1% of the converted amount in Singapore dollars imposed by Mastercard and a fee of 2.5% imposed by the bank
    Late Payment Fee S$80
    Over-limit Fee S$40
    Cash Advance Fee 6% on the cash advance, subject to a minimum fee of S$15
    Supplementary Card Fee S$0 (for up to 5 cards)

    Activating the Card for Overseas Expenses

    If you are planning for an overseas trip and intend to use your Standard Chartered card, you will have to activate the magnetic stripe. This is because the magnetic stripe is inactive in Singapore, where we use the EMV Chip technology. Other countries may still be using the stripe, so you would have to make it ready for transactions before going abroad. Since magnetic stripes are not as secure as the EMV chip, it also has to be deactivated once you are back in Singapore.

    There are three ways of doing this:

    • Send an SMS to 75722.
    • Visit the bank’s website.
    • Use ‘SC Mobile’ application.

    Instalment Payment Plans Available

    With all Standard Chartered cards, you will have the option of using two types of interest-free instalment payment plans. These are the 0% Instalment Payment Plan (IPP) and EasyPay.

    • 0% IPP: With this plan, you can choose a tenure of up to 36 months without paying any additional enrolment charges. You will still be eligible for the cashback and Rewards Points for purchases carried out using this facility. You can apply for this IPP at outlets that are partnered with the bank.
    • EasyPay: This programme allows you to pay for transactions of S$500 or more in instalments spread out over 6 months or 1 year. There will be a processing fee of 5%, and an effective interest rate of 17.6% p.a. for the 6-month tenure and 9.5% p.a. for the one-year tenure. You can apply for this facility either through online banking or phone banking, after the purchase is made. If you wish to cancel the instalments and pay off the dues, you will have to pay S$150 as termination fee.

    Cash Withdrawal on the Credit Card

    • Withdraw cash using your card to meet a shortfall, if necessary.
    • The amount you can withdraw will depend on the credit limit available on your card.
    • You can do so conveniently through:
      • Any SCB ATM.
      • Any SCB branch.
      • Through the ATMs or branches of banks with a Mastercard or Cirrus logo.

    Eligibility Criteria

    Before applying for this credit card, ensure that you’re qualified to get it. The eligibility criteria for Standard Chartered credit cards can be found on this page.

    Lost/Stolen Cards

    • Notify the bank by calling any of the hotline numbers.
    • File a report to the police and submit a copy of the same to the bank.
    • Write a report to the bank confirming and detailing the incident.
    • Your liability for unauthorised transactions will be limited to S$100, provided:
      • You weren’t found to be complicit in the fraud.
      • You weren’t found to be grossly negligent.
      • It is established that the incident occurred despite all the precautionary measures to keep your card safe.

    Why is it good to compare credit cards before making a final choice? Simply because it makes your decision easy. You’ll be in a position to review the features and benefits of various cards quickly and efficiently.

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    What Else Do I Need to Know?

    How to Enable/Disable Auto Debit & Standing Instructions?

    Through Online Banking

    • Use the bill payment feature of your online banking account.
    • Set up your scheduled date at least three days before the transaction date.
    • Choose a scheduled date of payment up to 30 days prior to the actual date.
    • Withdraw your scheduled payment instruction one business day before the scheduled date of settlement using the online banking service.
    • Select a participating billing organisation to your list of payees and provide standing instructions to the bank to make scheduled payments.

    How to Apply for the Card & Check the Application Status

    Download/Fill/Submit Form & Follow Up With the Bank

    • Check the eligibility criteria set by the bank for this card.
    • Download the relevant form from the bank’s website, fill it out, and send it to the bank.
    • Attach supporting documents like salary documents and proof of nationality with your application form.

    To check the status of your card application, you can:

    • Call the bank and talk to customer care representatives.
    • Processing may take up to two weeks in general.
    • In case of urgency, you can request the bank for an expedited processing.

    How to Check Balance

    Online Banking/BOC Mobile Banking App

    • Check your current balance, outstanding balance, and available credit limit using your online banking account.
    • Check transactions completed with your card in the last 12 months.
    • Use BOC’s mobile app to check your current and outstanding card balance. You’ll need an active personal internet banking account to activate and access this free mobile app.

    How Can the Bill Be Paid?

    GIRO/At the Branch/AXS/Internet Banking

    You can pay your monthly credit card bills using the following modes:

    • Through AXS machine.
    • Through interbank GIRO.
    • Through your internet banking account.
    • Payable through cheque or money order drawn on a bank branch.
    • Cash payments made to the bank’s main and sub-branches in Singapore

    How Much Is the Minimum Payment to Be Made on the Card?

    3% of Outstanding Balance or Min. S$50

    • The minimum monthly payment is 3% of your outstanding balance, subject to a minimum of S$50.
    • Any amount in excess of your approved credit limit and minimum payment dues from previous billing cycles will also be added.

    What Is the Grace Period?

    23 Days

    • The interest-free period is 23 days from the date of generation of statement.
    • This works only if you have paid the outstanding balance from previous billing cycles.

    Can It Be Used With EZ-Link?

    Yes

    You can automatically reload your EZ-link card using EZ-Reload.

    How to Block or Unblock the Card?

    Call Customer Service Hotline

    In order to block or unblock you card, call the 24-hour bank hotline numbers.

    How to Reset the PIN?

    Telebanking/ATMs/Online Banking

    You may reset the PIN by:

    • Telebanking
    • Visiting an ATM
    • Logging into your online banking account

    What Is the Billing Cycle and Bill Due Date?

    1 month (Can Start on any Day of the Month)

    • The billing cycle or the period between two successive statements would depend on the number of business days in a month.
    • Your bill due date would be mentioned on your monthly statement.

    How to Get a Replacement Card?

    Call Customer Care

    • The bank may issue a replacement card on the expiry of your current card.
    • It may issue a replacement card at its discretion if you have lost/misplaced a card.
    • Call the bank immediately if you detect loss or unauthorised use of your card.

    How to Temporarily Increase the Limit of the Card?

    • The maximum credit limit offered is two times your monthly income.
    • Get in touch with the bank if you need a temporary credit limit increase on your card.
    • For a permanent increase, you may have to make a written request.
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