• Standard Chartered PruPrestige Visa Signature Credit Card

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    Standard Chartered PruPrestige Visa Signature Credit Card Promotions

    • Get a maximum cashback of S$138 on purchases made within 30 days of card approval. The application has to be one online to avail this offer, which is valid up to December 31, 2016.
    • Until September 30, 2017, get 20% cashback on Uber rates across the S$50 each month.
    • Get a maximum discount of 15% at 100-plus participating restaurants including Bel Mondo, Indocafe, Greg’s Seafood Shack, OSO Ristorante, Harry’s Esplanade, Harry’s Claymore, The Rabbit Stash, Kinara Boat Quay, Song of India, Tiger’s Milk and Saffron Bistro for weekday dining. Valid until December 31, 2016.
    • The first 8,000 cardmembers spending S$5,000 are eligible to earn 15% cashback on online and overseas expenses. The maximum cashback you can get is S$150. Valid until December 31, 2016.
    • The first 3,500 card users spending $8,000 stand a chance to win Samsonite Casso 28-inch Spinner luggage until December 31, 2016.
    • The first 1,000 cardholders spending S$16,000 could win a 1-night stay in Wonderful Room at W Singapore – Sentosa Cove, up to December 31, 2016.
    • You could also stand a chance to fly to Paris on Singapore Airlines Suites. The first S$1,000 spent will give you 10 chances, and every S$100 spent after that gives you 1 extra opportunity to win this until December 31, 2016.

    Standard Chartered PruPrestige Visa Signature Credit Card

    This is a co-branded card introduced in tie-up with Prudential Insurance Singapore. The card incentivises your purchases with Reward Points and allows you to pay your insurance premiums with the points accrued. The Standard Chartered PruPrestige Visa Signature Credit Card combines the privileges of Visa Signature with the protection offered by Prudential.

    Features Of Standard Chartered PruPrestige Visa Signature Credit Card

    • You can make contactless payments with services such as Apple Pay, Android Pay and Samsung Pay.
    • You don’t have to pay annual fees on the card for 2 years.
    • Supplementary card annual fees are waived permanently.

    Rewards:

    This card qualifies for the Standard Chartered 360º Rewards Programme. You can earn 1.5 points for every $1 spent on the credit card irrespective of what you spend it on. These reward points can be accumulated and used to pay your Prudential insurance premiums. The first 3,000 points are equal to S$12 on insurance premiums, and after that you earn S$1.2 for every block of 300 points that you collect. You can make this redemption by downloading the Prudential Insurance Premium Redemption Form, completing it and uploading it or sending it to your bank.

    Benefits Of Standard Chartered PruPrestige Visa Signature Credit Card

    • You have 24x7 access to concierge services to help you plan your travel, book your tickets for airlines and events, reserve hotel rooms, among other things.
    • Take advantage of the discounts and special offers available under The Good Life programme which covers dining, shopping, leisure, travel and other expenses.
    • You also get access to the Visa Signature rebates and special deals.

    Instalment Payment Plans

    Standard Chartered offers 2 kinds of instalment payment plans: 0% Instalment Payment Plan and EasyPay. Under the 0% Instalment Payment Plan, you can pay for your transactions at participating stores over a period of up to 36 months instead of paying in one go, at zero interest charges. Unlike in many other reward programmes, converting to instalment payment plan will not deprive you of earning reward points or cashback. EasyPay, on the other hand, allows you to pay for transactions above S$500 over a period of 6 to 12 months at any local or overseas outlets, irrespective of whether they are Standard Chartered bank’s merchant partners or not. The applicable charges are:

    Duration Effective interest rate Service charge
    6 months 17.6% 5%
    12 months 9.5% 5%

    Fees And Charges

    Annual fee S$192.60
    Supplementary card fee Free for life
    Interest rate (annual) 25.9%
    Late payment charges S$80
    Cash advance fee 6%, subject to a minimum of S$15
    Interest on cash advance (annual) 28%
    Interest-free grace period 22 days

    If you do not pay your credit card dues or make the minimum payment required on time, a penal interest rate of 28% instead of 25.9% will be charged on the overdue amount.

    Overseas Use Of The Card

    On overseas payments, a Standard Chartered PruPrestige Visa Signature Credit Card user will have to pay an administrative fee of 3.5% – 1% imposed by Visa and 2.5% charged by the bank – if you are paying in a foreign currency. If you are paying overseas in Singapore dollar, a dynamic currency conversion charge of 0.8% levied by Visa is applicable.

    Cash Withdrawals

    You can use your credit card to take small loans if you require some money at short notice. This cash advance can be taken without any further approval or credit check. You can withdraw the money using your credit card either from one of the Standard Chartered bank ATMs in Singapore, or from any Visa Plus or MasterCard Cirrus ATMs overseas. Alternatively, you can visit any Standard Chartered branch or a Visa/MasterCard participating bank to get your cash advance. You have to borrow at least S$50, a cash advance fee of 6% or S$15, whichever is higher, will be charged, and the interest rate is 28%.

    How To Apply For Standard Chartered PruPrestige Visa Signature Credit Card

    This card can only be availed by invitation. You can express your interest in the card in one of the following ways:

    • Call the Standard Chartered hotline 1800 747 7000 from Singapore or +65 6747 7000 from abroad.
    • Click on ‘Contact Me’ at the end of the card website and fill up the form to help the bank officials to get in touch with you.
    • Visit your nearest Standard Chartered branch and enquire about your chances of getting this card.

    Eligibility Criteria For Standard Chartered PruPrestige Visa Signature Credit Card

    • Minimum age: 21 years
    • Minimum income:
      • Singaporeans and Permanent Residents: S$30,000 annually
      • Foreigners: S$60,000 per year
    • You should also have a Prudential insurance policy with at least S$10,000 in annual premiums or S$100,000 in single premiums, or some of both.

    Repayments:

    Every month, you are required to repay 1% of credit card bill plus finance charges and past dues, amounting at least to $50. The bill payment can be done in the following ways:

    • By cheque, mailed to the bank at least 2 days before your due date. Mention your credit card number behind the cheque leaf.
    • Through cheque deposit machines
    • By cash at any Standard Chartered branch or cash deposit machines
    • By phone banking (1800 747 7000)
    • Using internet banking
    • By activating recurring Interbank GIRO transfer
    • At AXS Stations
    • At SingPost SAM counters

    Card Protection Scheme

    Standard Chartered offers CardSafe Guarantee, a vigilance programme that keeps an eye on your online transactions and protects you from liability towards cyber fraud on your card. This scheme protects you only from online threats. The bank employs a fraud detection system to monitor unusual spending activities on your card. You receive SMS alerts and a One-Time Password for 3D secure payments on your registered mobile number to ensure maximum security.

    Reporting Lost/Stolen Credit Cards

    Your maximum liability for unauthorised or fraudulent transactions on your credit card is just S$100. However, this is applicable only if the following measures are taken by you:

    • You must call Phone Banking and get your card blocked as soon as you find it missing from your person.
    • You must notify the bank of the loss, theft or misplacement of the card in writing.
    • You must file a police complaint and take all legal steps to help retrieve the missing card and recover the transactions made illegally.
    • You can convince the bank that you had no hand in the deceit and that the loss of card of PIN is not due to your negligence or default. 

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