The Standard Chartered Visa Infinite Credit Card offers travel and lifestyle privileges to cardholders with exclusive deals to Visa Infinite members. You will earn air miles on every S$1 that you spend on this credit card. You can accumulate as many miles as you wish and go for a grand redemption as your miles will never expire on this card. Additionally, you will receive multiple complimentary passes to VIP airport lounges for yourself and your family members through the Priority Pass Lounge Programme. You can leave for the airport with complimentary airport transfers across the world.
Enjoy a completely hassle-free experience on all your trips with the Visa Infinite Concierge and Emergency Service access 24/7. This card comes with a complimentary insurance cover of up to S$1 million.
Lifestyle privileges on this credit card include resort privileges at The Fullerton Spa and hotel privileges at Fairmont, Swissotel and Raffles. If you spend at least S$75,000 in 2017, you will get a complimentary luxury yacht for hire for 14 members for 4 hours.
As a Visa Infinite principal cardholder, your golf privileges include complimentary green fees throughout the year at Sentosa Golf Club in Singapore.
Apply for this credit card and choose to receive complimentary air miles or Luggage from Samsonite as your welcome gift.
The Standard Chartered Visa Infinite Card is a luxury travel card with a large number of exclusive privileges such as VIP lounge access, Visa concierge, luxury yacht and cruise deals and amazing discounts at hotels and restaurants. The Visa Infinite cards can usually be obtained only if you have an invitation for it from the bank, but this card can be obtained without an invitation if you meet the eligibility criteria.
You can choose one of these options as welcome bonus for the Standard Chartered Visa Infinite Credit Card:
You need to ensure that the card is active for 6 months after getting approval for it, and no delayed payments or defaults have been made during this period. Otherwise you will not receive the welcome bonus.
The key features of the SC Visa Infinite Credit Card are listed below:
|Tenure||Applied Interest Rate (p.a.)||Processing fee||Effective Interest Rate (p.a.)|
Here are some of the reasons why having an SC Visa Infinite Card can be of great help to you:
The Standard Chartered Visa Infinite Credit Card comes with free travel insurance. This can be obtained if you buy all your flight tickets using the card. The insurance policy is underwritten by MSIG Singapore. The coverage offered is as listed in the table below:
|Personal Accident Cover||S$1 million for persons up to the age of 69 S$500,000 for persons above 70 years of age|
|Overseas medical expenses||S$50,000 for persons up to the age of 69 S$25,000 for persons above 70 years of age|
|Emergency medical evacuation and repatriation of mortal remains||S$100,000 S$5,000 for compassionate visit|
|Baggage delay||$200 per six hours of delay, up to a maximum of S$1,000|
|Loss of baggage||S$1,000 per article, up to a maximum of S$5,000|
Standard Chartered has two kinds of instalment payment plans for you:
|Tenure||Service fee||Effective Interest Rate (p.a.)|
|6 months||5% (S$150)||17.6%|
|12 months||5% (S$150)||9.5%|
The fees applicable on the SC Visa Infinite Credit Card are:
|Type of fee||Amount payable|
|Supplementary card fee||NA|
|Minimum monthly payment||1% of principal + interest, fees, charges + over-limit amount + past dues (minimum S$50)|
|Late payment charges||S$80|
|Cash advance fee||6% of the withdrawn amount (minimum fee of S$15)|
|Interest on cash advance||28% (0.077% per day)|
When you pay using your credit card outside Singapore or on online shopping sites, the network – Visa in this case – converts the amount from the foreign currency to Singapore dollars as per the day’s exchange rate. If the payment is in US dollars, then the conversion is done directly to Singapore dollars. If the transaction is done in another currency, then it is first converted to US dollars and then into Singapore dollars. Transaction in foreign currencies is subject to a foreign currency fee of 3.5% of the paid amount – which includes 1% fee by Visa and 2.5% by Standard Chartered.
Dynamic Currency Conversion (DCC) is another option available at certain ATMs, merchants and websites. Here, the amount is directly converted to Singapore dollars instead of routing through USD. Visa charges 0.8% fees on DCC. Visa also charges a fee of 0.8% if you pay directly in Singapore dollars instead of using currency conversion.
Before you can use your credit card outside Singapore, you need to activate the magnetic stripe at the back of the card for foreign use. Magnetic stripes are not in use in Singapore any more, so they are in a deactivated state. Singapore uses the EMV chip technology in credit and debit cards, but many countries still use the magnetic stripe. You can activate it through phone banking or internet banking before you leave Singapore.
Cash withdrawals or cash advance is an emergency cash option available on your credit card. In case you are short of cash, you can withdraw money from your credit card, which will be considered as an unsecured loan. The money can be withdrawn from ATMs using your credit card PIN, or through funds transfer via internet banking. This service is separate from Standard Chartered’s Funds Transfer option. Cash advances are subject to a fee of 6% of the amount withdrawn, and an interest of 28% – 0.077% per day – will be charged on the withdrawn amount. There is no interest-free period on cash withdrawals and interest is levied from day one. The interest charges and pending amount will be shown every month in your next credit card statement.
You can apply for the SC Visa Infinite Card online either on the bank’s website or on third party websites. You could also go to the nearest Standard Chartered branch and request for the application. You have to submit the required documents either online in scanned copies or photocopies when applying at a branch.
You have to meet the following parameters if you want to get this credit card:
Every applicant needs to submit certain documents while applying for the credit card. Listed below are the documents that need to be submitted at the time of application:
Standard Chartered charges an interest of 25.9% p.a. or 0.071% per day. If you make full payments every month, then an interest-free grace period will be given. This grace period would be from the date of transaction to the due date of the statement. If you make partial payments only, no grace period is available. If you fail to make payments in any month, then the next month, the interest rate will be increased to 28% p.a. until you pay at least the minimum monthly payment required.
You can pay Standard Chartered credit card bills through internet banking, phone banking, through SMS, through GIRO, through the bank’s ATMs, through cash/cheque deposit machines, or even over the counter at a bank branch.
If you lose your credit card or it gets stolen from you, then you are not held liable for the purchases made. The maximum liability that you can be subjected to under banking laws in Singapore is of S$100. This non-liability is applicable only if you have reported the loss of the card on time and if you are not found to have done anything fraudulent towards the misuse of the card.
Standard Chartered offers CardSafe Guarantee, a protection scheme for your credit card. CardSafe Guarantee protects you from fraudulent online transactions that are made without your knowledge through cyber theft. This is a free service and needs no enrolment either. Make sure you check your statements regularly and sign up for SMS alerts of payments made through the credit card.
If your credit card is lost, misplaced or stolen, you need to block the number as soon as you can. You need to call the standard chartered credit card hotline number (separate for local and overseas calls) and report the loss of the card. The bank will blacklist the card and disable it. This will help prevent unauthorised use of the card by strangers. The onus of reporting the loss is on you as the cardholder.
The eligibility requirements needs the applicant to be 21 years of age and above, with an income of S$120,000 per year.
To hold on to the Standard Chartered Visa Infinite Credit Card, applicants must pay S$588.50 p.a.
You can earn up to 3 miles for every S$1 spent. You are guaranteed Priority Pass, which entitles you up to 6 complimentary visits with your loved ones annually as a part of the airport lounge programme. You are guaranteed hassle-free airport travels around the world. For instance, you can receive 10% cash rebate on all your Uber rides, up to a maximum saving of S$400 a year. You can also enjoy a luxurious voyage on a yacht.
Besides providing you with an array of benefits such as Priority Pass airport lounge access, Uber rebates, and car rental privileges, the credit card also provides an earn rate of up to 3 miles for every S$1 spent.
There are several features tied with the Visa Infinite Credit Card, listed as below: