Standard Chartered Bank Singapore Rating & Review 2024

Very high cash promotions for new to bank sign ups. 1.5% unlimited cashback with no minimum spend, quite a good choice for low spenders who don’t have to fulfil different category spending. Generally decent cash back, but worth it more if you spend in larger amounts that is $800 and above. The credit billing cycle is also rather confusing to locate in-app as well.

This card allows users to enjoy up to 10X rewards points for every S$1 spent in foreign currency on overseas retail, dining and travel transactions, with absolute no minimum spend required. I found this offer to be very rewarding on my last overseas vacation with my wife and kids with all the dining and shopping we engaged in.

As a Priority Banking clients, I can earn 360◦ Rewards Points on selected mortgage loans current and savings accounts, fixed deposits, and investments, as long as I spend S$500 per month on my Visa Infinite Credit Card. Even more, my points never expire as I can redeem my 360◦ Rewards Points for air miles, cashback and other products which I can find online.

I signed up for this card initially because it has no minimum spend and the application was generally quick and easy as compared to others however, it turns out that I had to reduce the usage of this card as I feel 1-2% cashback is too Low. There are more competitive cards outside if you can hit like at least 300 a month

The Prudential Platinum Card allows me to earn additional 4X Rewards Points per S$1 spent in local currency on qualifying dining transactions, and additional 9X Rewards Points per S$1 spent in foreign currency on qualifying foreign currency transactions. However such additional Rewards Points are subject to a cap of 20,000 Rewards Points per year.

With the Standard Chartered VISA you can earn up to 300 additional Rewards Points per month on your other banking relationships in deposits, mortgages, investments and online transactions, when you charge $250 to your Platinum Credit Card in that particular calendar month. In addition you can receive up to 3% cashback on your eligible MasterCard debit Card transactions, subject to monthly overall cashback cap of S$200.

I like that for security reasons, upon approval and activation, your Digital Credit Card can only be used for a 3-Domain Secure (3DS) online purchases which are authenticated by OTP (One-Time Password) and also payments through Apple Pay, Google PayTM and Samsung Pay. This way it allows for stronger online purchase security

With this card you can experience extraordinary benefits from special hotel offers, business services, to exclusive golf, dining and lifestyle.And if you need an experienced and able assistant to plan your trip then try their 24-hour Visa Platinum Concierge and customer service provide travel assistance, reservations, and shopping and gift services to help make life easier for you

This card offers one air mile or its equivalent of 2.5 points for every $1 charged to your card, which can be redeemed for rewards as you see fit. Plus you stand a chance to benefit from priority pass with loved ones by way of complimentary visits with your loved ones each year with the priority pass lounge programme. Just activate your Priority Pass to enjoy

With just 3 easy steps you get to switch to brighter savings with a onetime cashback of S$50 on your electricity bill which is valid for new eligible customers only. The steps require that you first sign up for a eligible electricity plan as a new eligible then set up your electricity plan bill payment on a recurring basis and charge a min of S$10 on your first bill payment to your credit card. Then finally successful eligible cardholders will receive a onetime cashback of S$50.

The CIMB Platinum MasterCard promises a 10% Cashback on Electronic & Furnishing at Selected Merchants. That should be fantastic news for all electronic and gadget geeks like me as we can take up the opportunity to upgrade our home appliances with quality products with a 10% cashback at Harvey Norman, Best Denki, Challenger, Ikea, Courts or Parisilk.

Although standard Chartered personal loan’s published rates aren’t that awesome, you still get a much lower interest rate as well as $199 cashback for loans of $1,000 and above if you apply through MoneySmart for your loan amounts of $1,000 to $250,000. Like most of its competitors, Standard Chartered Bank promises next-day cash. You can apply via MyInfo via MoneySmart to get instant approval and loan disbursement

With the Credit Card Funds Transfer, you can get interest-free cash in 15 minutes from as low as 0.7% processing fee (EIR from 2.83% p.a.) and also freely choose your preferred tenure of 3, 6, 9 or 12 months. Although they offer a 0% p.a. interest rate, this is valid for a Credit Card Funds Transfer with a 3, 6, 9 or 12 month tenure and is only applicable to the amount transferred pursuant to the application submitted in respect of this promotion. The prevailing interest rate of 26.9% p.a. applies after the expiration of the tenure indicated in the application form.

The Standard Chartered car loan calculator allows for the calculation of monthly payments you’ll need to make if you take up a car loan. Simply indicate the car type, enter the required loan amount, loan term and click “Calculate”. You should remember to always consider if you’ll be financially comfortable to meet up payment for the projected monthly instalments while still meeting your basic needs before committing to a car purchase.

Debt consolidation loans from Standard Chartered are a part of a debt consolidation plan. The plan consists of the loan and a Platinum MasterCard. Effective interest rate of 7.70% and loan lengths can stretch from three years all the way through to ten years with regular fees for the Platinum MasterCard charged. They charge a joining fee of S$199 and S$250 for early redemption fee

The Unlimited$aver is a savings account linked to the Standard Chartered Unlimited Cashback Credit Card that unlocks higher cashback of up to 5% on unlimited credit card spend with funds deposited into the Unlimited$aver account. With the Unlimited$aver account, clients can earn up to 5% cashback on their unlimited credit card spend, with no cashback cap and no minimum spend.

High savings account interest rate with no requirements and high $5,000,000 deposit limit but unfortunately only applicable for customers that are 55 years old and above. But still with a low 0.18% p.a. interest rate on first $50,000 deposit and access to enjoy interest rates of up to 1.28% p.a. with the MyWay Savings Account with no lock-in period and privileges on dining, travel, lifestyle and healthcare with the MyWay debit card, this is a fair enough deal.

Standard Chartered is another name that has an expat banking programme to cater to expats’ needs allowing those on the programme to get their accounts set up prior to arriving in Singapore, and to remit money to overseas Standard Chartered account for free. The main drawback is the lack of Standard Chartered ATMs around, not easily accessable.

This is a decent account for kid with ages 18 and below as there are no minimum deposit, fall below fee, monthly fee or lock-in period. However, as a parent you are required to pay $50 into the account by GIRO every month. The interest rates aren’t the best but they’re not that bad either as you recieve 0.1% interest on the first $50,000, 0.15% on amounts above $50,000 up to $200,000, and 0.25% on amounts above $200,000.

The Standard Chartered e$aver Savings Account is currently offering a promotion that significantly boosts its value by providing consumers heavy incentives to make large deposits into their accounts, as any incremental increases in their balance from month-to-month will earn 1.70% p.a. These funds must be credited to outside source, rather than transferred within the Standard Chartered banking system, and this bonus applies to the increase only and not to the entire balance.

Standard Chartered has several debit cards, and the one you’ll get depends on which bank account you choose. If you plan to bank with StanChart, consider the Standard Chartered XtraSaver Debit Card which is linked to the XtraSaver account. With this card, as long as you maintain a minimum balance of $6,000 in that account, you can get a very respectable 7% cashback on petrol (including in Malaysia), capped at $40 a month. If you have an account balance of at least $200,000, you can get up to 15% but the cap doesn’t change.

Unfortunately, Allianz has pretty strict restrictions when it comes to sports coverage as you won't be covered for sailing, hunting, playing polo, mountaineering, skiing, rock climbing, parachuting or hang gliding. You do however, have a golf advantage cover that provides coverage for damaged or lost golf equipment that is in your checked luggage. Allianz has an efficient online claim portal allows customers to submit and file their claims online easily and if you have problems uploading your claim you can call or email them for assistance. If you are claiming for medical or dental expenses, you will still have to send original copies of your supporting documents and an acknowledgement email to the address in the table below.

They have a very much improved user interface compared to years ago. Standard chartered bank is really making an effort to compete with other brokerages and offers no custodian fees, while Shares are not kept in CDP. They offer a low brokerage fees with access to most overseas markets. However, their foreign exchange rate is not very good but the make up with a good watch list and price quote interface. You are able to see buying power, portfolio and stock info.

This platform offers wider choices, shorter tenors as short as one week to suit your unique needs, you can diversify your investment holdings by expanding into Premium Currency Investments to gain more exposure to foreign currencies to suit your needs. You stand to earn interest at a rate that’s potentially higher than that of conventional fixed deposits and enhance the returns on your investment portfolio.