Standard Chartered Singpost Platinum Credit Card
This credit card from Standard Chartered allows holders to maximise the value of their purchases by offering attractive cashback of up to 7% on select expenses. The card is also designed for online shopping through tightened security measures that ensure cardholders can carry out safe and secure transactions when shopping online.
The card offers great cashback on purchases made with it. When eligible online purchases are made, the card earns a cashback of 7%.
Cardholders can also enjoy a cashback of2% when shopping at select supermarkets.
All other retail expenses earn a cashback of 0.2%.
The card comes with an online price guarantee by AXA Insurance Singapore. Cardholders who have purchased a particular item online and find the same item on a different website at a cheaper price within a span of 30 days can claim a refund of up to 50% of the price difference.
Cardholders who are new customers at Post can avail a 30% discount on shipments,
Cardholders can enjoy a discount of 10% on premium gifts and stamps from the MyStamp collection offered by Singapore Post.
The cardholder can take advantage of the 0% interest instalment plans that convert retail purchases into more manageable instalments that charge no interest. The tenures available under this plan goes up to 36 months. Cardholders can convert their purchases into 0% instalment plans at select merchant outlets by asking for it before charging the transaction to the card.
|Type of fee||Amount payable|
|Annual fee||The fees for the first 2 years is waived. Subsequent annual fees of the card is S$192.60.|
|Supplementary card fee||Cardholders can avail up to 5 free for life supplementary cards.|
|Interest rate||The interest rate charged on transactions is 25.9% per annum calculated on a daily basis if full payment is not made within specified due date.|
|Late payment charges||Late payment attracts a penalty of S$60.|
|Cash advance fee||The fee for cash advances is the greater of 6% of the cash withdrawn or S$15.|
Transactions made in other foreign currencies are converted into Singaporean Dollars at an applicable exchange rate which comes with a fee. US Dollar transactions are converted into Singaporean Dollars and any other currency transaction is first converted into US Dollars and then into Singaporean Dollars. The fee charged is 2.5% of the converted Singaporean Dollar amount plus an additional fee of 1% of the converted Singaporean Dollar amount as imposed by Visa or MasterCard.
All foreign transactions carried out using Dynamic Dollar conversion have a charge of 0.8% imposed on the converted Singaporean Dollar amount as charged by Visa/MasterCard.
Transactions made in Singaporean Dollars but carried out overseas has a charge of 0.8% imposed on it through Visa or MasterCard.
Candidates can apply for this card either by visiting their nearest Standard Chartered branch, availing an application form and submitting the completed form with the required supporting documents or apply for the card by logging onto the Standard Chartered website, downloading the application form and submitting the completed forms with the supporting documents online.
Applicants need to submit the following documents during time of application
The interest rate charged on transactions made on the card is 25.9% per annum. Interest rates are levied on all outstanding dues if they are not paid in full on specified due date. The interest is charged on a daily basis until the dues have been fully repaid. Standard Chartered has the discretion to change interest rates and cardholders must check prevailing rates of interest with Standard Chartered.
The minimum monthly payment to be made on this card is the higher of S$50 or 1% of the current balance including any interest or fees charged. In cases of cardholders exceeding the credit limit, the excess amount should be paid alongside the minimum monthly payment.
Cardholders should report lost or stolen cards immediately. Standard Chartered will limit the liability of the cardholder to S$100 if it is convinced that the cardholder notified them as soon as they discovered that the card was lost or stolen and that it did not happen due to sheer negligence of the cardholder.