SC SingPost Platinum Visa Credit Card Reviews
The SingPost Platinum Visa Credit Card is predominantly a cashback credit card for online purchases. The card also lets you earn cashback on several other categories, besides giving you a clutch of other benefits including cash withdrawals, easy bill payments and more.
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.
Standard Chartered SingPost Platinum Visa Credit Card Promotions
Copper Chimney: Get 10% off on your food bill at Copper Chimney with a minimum spend of S$100 on your Standard Chartered Credit Card. The offer is valid till 30 June 2018.
Follia: Spend a minimum of S$100 with your Standard Chartered Credit Card at Follia and get 10% off on your total food bill. The offer is valid till 30 June 2018.
Joining benefits of SC SingPost Platinum Visa Card
Use your Standard Chartered SingPost Platinum Visa Credit Card to make a minimum of 3 retail transactions within the first 60 days of receiving the card and get a cashback of S$138
Features of the Standard Chartered SingPost Platinum Visa Credit Card
Annual fee waiver: You don’t have to pay the annual fee on this card for the first 2 years.
Interest-free instalments: With your Standard Chartered SingPost Platinum Visa Credit Card, you can convert your purchases above S$500 into easy, interest-free instalments over a 6-month or 12-month period.
Fund transfers: You can transfer funds from your credit card account at absolutely no interest. The minimum amount that you need to transfer under this provision is S$1,000.
Easy bill payments: You can pay your bills in an easy and convenient manner, either through the mobile application or through internet banking.
Recurring bill payments: You can auto-charge recurring monthly bills (mobile and utility bills) with your Standard Chartered Credit Card.
Contactless Payments: You can use your credit card to make contactless payments at supporting terminals. This enables heightened ease in performing transactions.
Rewards of the SC SingPost Platinum Visa Card
This card gives you cashback on a variety of purchases. The rewards are:
- Eligible purchases made online will earn you a 7% cashback
- Select purchases at supermarkets will get you a 2% cashback
- On all other retail purchases, you can earn a 0.2% cashback.
The cashback is limited to S$720 per year. The minimum monthly spend required to earn higher cashback is S$600.
Benefits of SC SingPost Platinum Visa Credit Card
SingPost: The following are the list of benefits that the card offers:
- On lock + store self-storage options, you will receive a 25% discount.
- On the Speedpost Priority Package, you will receive a discount of 10%.
- With a minimum purchase of 3 Poly M (of the same type), you will receive a 5% off.
- Purchase a minimum of 3 SmartPac boxes to get 5% off.
- On premium gifts and thematic MyStamp items, you get a 10% discount.
VPost: You can get a 20% discount off on Shipping fees. In order to use the offer, enter the Code (SCB20B). The coverage amount can go up to US$250.
The Good Life: Enjoy excellent discounts at several dining and entertainment destinations with your credit card under The Good Life promotion that covers a whole range of participating merchants, some of which rank amongst the most popular establishments in Singapore.
Instalment Payment Plans
You can convert your purchases into easy monthly payments at 0% interest. Purchases above S$500 can be converted into payments that can stretch over a 36-month period.
Interest Rate on SC SingPost Platinum Visa Card
You will have to pay finance charges of 25.9% p.a. on your transactions if you fail to pay the month’s credit card bill in full. There is an interest-free period from the date of purchase up to the due date of your credit card bill. In case you are making full payments every month, you are not required to pay any interest charges to the bank.
Fees and Charges on SCB SingPost Platinum Visa Card
|Type of fee
||S$192.60 (2-year annual fee waiver)
|Late payment charges
|Cash advance fee
||6% of the transacted amount with a minimum charge of S$15
|Interest on cash advance
||0.077% per day (28% p.a.) on the transacted amount until the full payment is made.
Transactions in Foreign Currencies
All overseas transactions will attract currency conversion charges and administrative charges. Currency conversion charges, levied by Visa, is 1% of the transacted amount while administrative charges, levied by Standard Chartered, amount to 2.5% of the transaction. Also, dynamic currency conversion charges of 1% of the transacted amount may also hold applicable.
Transactions made in currencies other than US dollar will first be converted to USD at prevailing inter-bank exchange rates, and then to Singapore dollar. The foreign currency charges are levied on the final SGD converted amount.
You can use your credit card to make emergency cash withdrawals from ATMs across the globe. These withdrawals will attract a cash advance fee of 6% of the transacted amount along with interest charges at the rate of 0.077% a day until the entire amount is repaid in full.
How to apply for the Standard Chartered SingPost Platinum Visa Credit Card
You can apply SCB credit card by visiting your nearest Standard Chartered branch, or by logging into the official Standard Chartered Singapore website and filling out the online application form. You will also need to submit your supporting documents, following which an executive will get in touch with you and help you complete your application process.
Documents to be submitted
- Copy of NRIC, latest computerised payslips, Income Tax Notice of Assessment.
- Self-employed individuals:
- Bank statement (last 3 months), Copy of NRIC, CPF contribution history for the last 1 year, Notice of Income Tax Assessment.
- Individuals with varied income:
- Copy of NRIC, Income Tax Notice of Assessment, Bank statement (last 3 months)
- Copy of Passport, Employment Letter, latest computerised payslips, Employment Pass.
Eligibility criteria of Standard Chartered SingPost Platinum Visa Credit Card
Minimum age: The applicant has to be 21 years of age.
- Minimum income:
- Singaporeans & permanent residents: S$30,000 p.a.
- Foreigners: S$60,000 p.a.
Reporting Lost or Stolen SingPost Platinum Visa Card
Customers can report lost/stolen cards by contacting the SCB Credit Card Customer Service Number and providing details about their card. The bank will consequently block the card and disable any further transactions.
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