Standard Chartered Simply Cash Card
Earn 1.5% cashback with no minimum spend and no cap
Standard Chartered Simply Cash Card Overview:
For individuals who hate keeping track of their credit card cash-back transactions, the Standard Chartered Simply Cash Credit Card is an ideal option. It has a flat 1.5% cashback rate, no minimum spend requirement, and no cap.
Eligibility & Fees:
- Minimum Age: 21 years old
- Minimum Annual Income: S$30,000 (locals/PRs); S$60,000 (foreigners)
- Annual Fee: S$196.20 (including 9% GST), waived for the first two years
Key Benefits:
- Earn 1.5% cashback
- No minimum spend requirement
- No cashback cap
- One of its perks includes full cashback when you pay your bills through SC EasyBill function.
- Enjoy offers and privileges for online, dining, retail and more with The Good Life®
- 2 year annual fee waiver
How to Best Optimise it:
Best For Those Who Just Want One Cashback Card For Everything
- This card can be used in basically anything and everything spending. General exclusions apply.
Utilize The Good Life® perks
- Take advantage of interesting card advantages and privileges with The Good Life at more than 3,000 locations throughout Asia, including dining, retail, travel, and lifestyle rewards.
What to Avoid:
Exclusion List:
- any cash advance;
- any Credit Card Funds Transfer;
- any monthly instalment of an EasyPay transaction;
- any amounts charged to your Simply Cash Card that is subsequently cancelled, voided, refunded or reversed;
- AXS, SAM or ATM transactions made using your Simply Cash Card;
- any insurance premiums charged to your Simply Cash Card;
- recurring payments (being automatic payments where the Simply Cash Cardholder or supplementary Simply Cash Card cardholder has given a one-time authorisation or instruction for the merchant to charge the payment directly to his/her Simply Cash Card at a fixed interval, such as transactions made pursuant to Standard Chartered Bank (Singapore) Limited’s 0% Interest Instalment Plan) or payments made to all billing organisations using Standard Chartered Online Banking or mobile app;
- any fees or charges (including but not limited to annual card fees, service fees, interest charges, cheque processing fees, administrative fees, finance charges, and/or late payment charges and other miscellaneous fees and charges);
- amounts which have been rolled over from any preceding month’s statement;
- tax refunds credited into your Simply Cash Card;
- charges incurred but not submitted or posted to your Simply Cash Card account during the Simply Cash Card Promotion Period;
- any fraudulent retail transaction; PUBLIC
- any payments related to betting (including lottery tickets, casino gaming chips, off-track betting, and wagers at race tracks) through any channel charged to your Simply Cash Card;
- any top-ups or payment of funds to any prepaid cards and any prepaid accounts including without limitation:
- any transaction classified under either of the following Merchant Category Codes:
- Financial Institutions – Merchandise, Services, and Debt Repayment (6012); or
- Non-Financial Institutions – Stored Value Card Purchase/Load (6540); and
- any transaction classified under either of the following Merchant Category Codes:
- any top-ups or payment of funds to the following accounts or any other accounts as we may specify from time to time:
- EZ LINK PTE LTD
- EZLINK*
- TRANSIT LINK*
- EZ LINK PTE LTD (FEVO)
- EZ LINK · TRANSIT LINK PL
- EZ-LINK PTE LTD SINGAPORE
- EZLINKS.COM
- TRANSIT
- EZ-LINK TOP-UP KIOSK
- FLASHPAY ATU
- PAYPAL * BIZCONSULTA
- EZ-LINK (IMAGINE CARD)
- TRANSITLINK*
- PAYPAL * CAPITALROYA
MCC | Description |
4829 | Money Transfer |
4900 | Utilities – Electric, Gas, Water, and Sanitary |
5047 | Medical, Dental, Ophthalmic and Hospital Equipment and Supplies |
5199 | Nondurable Goods (Not Elsewhere Classified) |
6050 | Quasi Cash – Financial institutions, Merchandise, Services |
6051 | Non-Financial Institutions – Foreign Currency, Non-Fiat Currency (for example: Cryptocurrency), Money Orders (Not Money Transfer), Travelers Cheques, and Debt Repayment |
6211 | Security Brokers/Dealers |
6513 | Real Estate Agents and Managers |
6529 | Quasi Cash – Remote Stored Value Load – Financial Institute |
6530 | Quasi Cash – Remote Stored Value Load – Merchant |
6534 | Quasi Cash – Money Transfer – Member Financial Institution |
7299 | Other Services – Not Elsewhere Classified |
7349 | Cleaning, Maintenance and Janitorial Services |
7511 | Quasi Cash – Truck Stop Transactions |
7523 | Parking Lots, Parking Meters and Garages |
8062 | Hospitals |
8211 | Elementary and Secondary Schools |
8220 | Colleges, Universities, Professional Schools, and Junior Colleges |
8241 | Correspondence Schools |
8244 | Business and Secretarial Schools |
8249 | Vocational and Trade Schools |
8299 | Schools and Educational Services (Not Elsewhere Classified) |
8398 | Charitable Social Service Organizations |
8651 | Political Organizations |
8661 | Religious Organizations |
8999 | Professional Services (Not Elsewhere Classified) |
9211 | Court Costs, Including Alimony and Child Support |
9222 | Fines |
9223 | Bail and Bond Payments |
9311 | Tax Payments |
9399 | Government Services (Not Elsewhere Classified) |
9402 | Postal Services – Government Only |
9405 | U.S. Federal Government Agencies or Departments |
Past Buffs/Nerfs:
Effective 3 September 2024, these MCCs will be included to the exclusions list and will not earn any rewards:
MCC | Description |
4900 | Utilities – Electric, Gas, Water, and Sanitary |
5199 | Nondurable Goods |
5047 | Medical, Dental, Ophthalmic and Hospital Equipment and Supplies |
7299 | Miscellaneous Personal Services |
8062 | Hospitals |
8999 | Professional Services |
6529 | Quasi Cash – Remote Stored Value Load – Financial Institute |
6530 | Quasi Cash – Remote Stored Value Load – Merchant |
6534 | Quasi Cash – Money Transfer – Member Financial Institution |
7511 | Quasi Cash – Truck Stop Transactions |
6050 | Quasi Cash – Financial institutions, Merchandise, Services |
*Transactions with the above listed MCCs will continue to earn cashback or rewards points on your card until 2 September 2024
Is it Worth it:
Advantages:
- No minimum spend
- No cashback cap
- Cashback is credited back into your card
- 2 year annual fee waiver – I have heard reports of how they wouldn’t waive the annual fee. So this is something to be aware of.
Disadvantages:
- Low cashback earn rate than other cashback cards like DCS Ultimate Platinum
Frequently Asked Questions:
When will I receive my cashback: The cashback for your eligible spending per statement cycle will be credited into your Simply Cash Credit Card in the following statement month.
Comparison Table with other cashback cards with no min spend requirement and no cap:
Description | AMEX True Cashback | Mari Credit Card | UOB Absolute Cashback | SC Simply Cash | Citi Cashback+ |
Cashback Rate | 1.5% | 1.7% | 1.7% | 1.5% | 1.6% |
Spend Requirement | No | No | No | No | No |
Cashback Cap | No | No | No | No | No |
Earn cashback on commonly excluded MCC | Yes (including education fees, insurance, healthcare, utilities and telco)) | No | Yes (but after the update, 0.3% cashback only) | No | Yes (Other private healthcare facilities) *MCC 8062 (Hospital) excluded |
Minimum Annual Income | S$30,000 | S$30,000 | S$30,000 | S$30,000 | S$30,000 |
Earn cashback on bill payments | Yes | No | Yes | Yes | No |
Cashback Redemption | Receive cashback in the same month’s statement | The cashback credited will be automatically applied to offset the billed amount in your next statement cycle. | Receive cashback automatically in the next statement month | Receive cashback automatically in the next statement month | Redeem cashback via SMS or on the Citi Mobile® app — cashback earned doesn’t expire |
Final Thoughts:
The Standard Chartered Simply Cash Credit Card is a pretty straightforward and non complicated credit card. You do not have to worry about meeting a minimum spend requirement or about the spending categories and their corresponding cashback limitations. Other cashback credit cards may have a higher earning rate, but they usually have minimum spending limits that must be met before they will be able to provide the cashback. You should check out the DCS Ultimate Platinum if you are looking for a similar card with higher cashback.
Credit cards change their T&Cs every so often and it is difficult to stay updated. That’s why I created a Telegram Broadcast where you can receive timely bite-sized updates to get the most out of your spending.
We believe in always paying our credit card bills on time and in full. It is only by doing that, can we fully maximise our credit card benefits.
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