Spend Big, Save Big With The Latest Standard Chartered Unlimited Cashback Card

Spend Big, Save Big With The Latest Standard Chartered Unlimited Cashback Card

Sometimes making big purchases are unavoidable. For example, going on holiday or furnishing a new home. Both translate to large expenses that can burn a hole in your wallet. However, if you are smart in your planning, you might just be able to save big with these purchases.

When it comes to large value transactions, a card with no cap on rebates is the best solution. One known ways is to use unlimited cashback credit card to plan your big transactions. However, unlimited cashback cards are not that common, or easy to get.

The new kid on the block Standard Chartered Unlimited Cashback Credit Card is about to change the cashback game.

Here are a few ways how the new card can save you even more!

How Does Unlimited Cashback Credit Card Work?

SCB-Unlimited-Cashback-Card

First of all, what does unlimited cashback mean? It means that whatever transaction you make on your credit card, you will get a certain percentage of cashback. There will be no cap to your cashback earning monthly or annually.

Other than the Standard Chartered Unlimited Cashback Card, there’s also the ANZ Optimum World MasterCard Credit Card that lets you enjoy the unlimited cashback on your spending.

But is this new card from Standard Chartered a game changer in the world of unlimited cashback card?

Unlimited cashback cards are best used for big ticket purchases. For example, if you are planning for some big transactions, the smart thing to do would be to use the right card for these purchases.

Here’s how much you can save with the Standard Chartered Unlimited Cashback Credit Card:

SCB_Unlimited_Cashback

Based on the example of annual expenses above, you can save close to a thousand bucks in cashback if you spend about S$52,090.60 using the Standard Chartered Unlimited Cashback Card.

That’s a good tool to have around especially if making big ticket purchases is a norm for you.

Although Standard Chartered is not the first bank to come up with an unlimited cashback card, it is by far one that is the easiest to get. All you need is to have a minimum monthly income of S$2,500, which is much lower compared to the ANZ Optimum World MasterCard Credit Card at S$6,667 a month.

Wait, There’s More…

Unlimited cashback credit card is not just about the percentage of cashback you can get back. Sure the higher the percentage, the more savings you can get.

However, if you are restricted by the day you can get you cashback and also the category of spending, unlimited cashback will be pretty useless to you.

The Standard Chartered Unlimited Cashback Credit Card’s cashback percentage may not be one of the highest in the market, but it is applicable for all categories.

If you drive, you can shave some of that petrol spending off with unlimited cashback, or how about the cost of changing the tyres or repair? These kind of expenses could easily wipe your savings clean if you are not careful.

This Standard Chartered card also has no cap on the cashback and no minimum spend. This means, you can make a purchase for a big ticket item, put it on zero instalment plan, and still enjoy your cashback!

It’s Also Your Favourite Commuting Partner

For those who like to commute using Uber, this card makes it uber-ly wallet-friendly.

The card allows you to get 20% cashback on Uber fares globally. Yes, even when you are travelling outside of Singapore.

This can be significant if you take Uber to work and back every day:

SCB_Card_Uber_Spending

To be eligible for the 20% Uber cashback, you just need to fulfil the following criteria:

  • Simply charge a minimum of S$600 on Uber every month
  • Get up to S$50 cashback every month for Uber until September 30, 2017

With public transportation becoming better and more convenient in Singapore, more Singapore residents are hopping on buses and trains to get around.

For any commuter using public transport on the island, the EZ-Link card is their best friend. This makes the Standard Chartered Unlimited Cashback card even more convenient and relevant. The EZ-Link facility enabled on credit card makes topping up EZ-Link a breeze.

How to activate the EZ-Reload?

Very simple:

EZ_Facility

Armed with a good unlimited cash back credit card, you can plan your spending in a more efficient and prudent manner. The key here is to only use your card if you were going to make the purchases anyway, and not make unnecessary purchases that you cannot afford just to earn the rebates.

In comparison, if you were using a regular cashback card that offers 5% cashback but with a cap of regardless of how much you spend over the year.

Even though the annual fee of S$192.60 for Standard Chartered Unlimited Cashback Credit Card is considered high compared to S$180 for ANZ Optimum World MasterCard Credit Card, Standard Chartered is giving you the perks of not paying the annual fee for two years as they’ll be waived.

The final verdict is that if you can only have one cashback credit card, then the Standard Chartered Unlimited Cashback Credit Card should probably be high on your list of contenders.

Standard Chartered Unlimited Cashback Credit Card

Standard Chartered Unlimited Cashback Credit Card

Unlimited cashback of up to 3% on all eligible spends

Sign-up and choose welcome gift of up to S$138 cashback, S$150 Caltex StarCash card or S$150 Uber credits
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