Best for High Spenders Looking For Attractive Cashback Rewards
Standard Chartered Manhattan Credit Card
On All Eligible purchases
Interest Installment Plan
Min Spent
The Standard Chartered MANHATTAN World Mastercard is one of the most attractive cashback credit cards in Singapore. Cardholders can earn up to 3% cashback on all eligible purchases. However, they need to hit the minimum spend requirement of S$3,000 to maximize the cash rebates.
Considering the S$3,000 minimum spend requirement, the Standard Chartered MANHATTAN World Mastercard is best for high spenders looking for attractive rewards
Standard Chartered Manhattan Credit Card Cashback
Key Features
- Earn up to 3% cashback on all eligible purchases, including local and overseas transactions
- Min. spend requirement of S$3,000
- First year annual fee waiver
- 0% interest installment plan
- Tap-and-Pay payment- tap your credit card on any contactless sales terminal for fast transactions
Petrol
- Up to 21.3% savings at Caltex. From 1 May to 31 December 2021.
Dining
- Get S$2 with a minimum purchase/reload of S$20 Starbucks Gift Card. Valid till 31 Aug 2021
- S$7 off a min. spend S$270. Valid till 30 Sep 2021
- S$10 off with a min. spend S$80 at GoodFoodPeople for all cards. Valid till 30 Sep 2021
Shopping
- Receive S$20 TANGS.com promo code or voucher with a min. spend of S$280. Valid till 2 Jan 2022
Online Shopping
- Get S$6 off Shopee with a min. spend S$60. Valid till 28 Dec 2021
- Get 30% off + 15% cashback at Zalora with no min. spend. Valid till 30 Sep 2021
Pros & Cons
Pros
- Attractive rewards of up to 3% on all eligible transactions.
- 0% installment plans
- High returns on expensive one-off purchases
Cons
- Cashback rewards are significantly low if you don’t hit the minimum spend requirement
- Rebates are credited to your account quarterly
- A quarterly cap of S$200
How to Apply
Age Requirement
Applicant’s age should be between 21 and 65
Minimum Annual Income
Singapore and Permanent Residents
Salaried employee: S$30,000
Self employed or commission-based : S$40,000
Foreigners
S$40,000
Fees and Charges
| Annual Fee | S$192.60 |
| Fee waiver | Waive for First Year |
| Annual Interest Rate | 26.9% p.a. |
| Late Payment Fee | S$100 |
| Cash Advance Fee | $15 or 6%, whichever is highest |
| Minimum Monthly Spend / Monthly Payment: | $50 or 3%, whichever is highest |
| Foreign Currency Transaction Fee | 1.8% |
Income Documents
- Proof of Identification, such as Passport or Government ID
- Latest one month salary slip for salaried employees
- Latest IT return with computation of income/ certified financials, last business continuity proof for self-employed businessmen
- Latest IT returns or business continuity proof for self-employed professionals
Disclaimer: This information may differ from what you see when you visit other financial service websites or the product’s official site, but Loan Advisor continues to keep every detail updated and accurate. This site may be compensated through third-party advertisers. However, the results of our comparison tools which are not marked as sponsored will always be based on objective analysis.
How Does It Compare With Other Credit Cards In Singapore?
| Credit Card | Rewards | Cashback | Annual Interest | Minimum Spend | Minimum Income Requirement |
| Standard Chartered MANHATTAN Credit Card |
| Up to 3% cashback on all eligible spend
| S$192.60 | S$3,000 |
|
| Citi Cash Back Card+ Mastercard |
| 1.6% cashback on eligible transactions
Unlimited cashback cap | 26.90% | S$0 | Singaporean/PR: S$30,000 Foreigner: S$42,000 |
| HSBC Visa Platinum Credit Card |
| 5% cashback on Dining, Groceries, & Petrol
Cashback capped at S$250 | 25.90% | S$600 | Singaporean/PR: S$30,000 Foreigner: S$40,000 |
| Citi Cash Back |
| Up to 8% cashback on dining, groceries, and petrol
Up to 20.88% savings from Shell & Esso
Cashback capped at S$80 per category per month | 26.90% | S$800 | Singaporean/PR: S$30,000 Foreigner: S$42,000 |
| Standard Chartered Unlimited Cashback Credit Card |
| Up to 1.5% cashback on eligible spend
Unlimited cashback cap | 26.90% | S$0 | Singaporean/PR: S$30,000 Foreigner: S$60,000 |
| American Express Singapore Airlines KriFlyer Credit Card | S$1=1.1 Miles on local spend
S$1=2 miles on overseas spend
S$1= 3.1 miles on Grab rides | N/A | 26.90% | S$0 | Singaporean/PR: S$30,000 Foreigner: S$60,000 |
Benefits and Challenges for Standard Chartered Manhattan Credit Card
The Standard Chartered MANHATTAN World Mastercard is a great cashback credit card, especially for expensive purchases. One of its biggest benefits is its straightforward cashback reward of up to 3%.
When you hit the minimum spending of S$3,000 in a month, you will receive 3% cashback on all eligible purchases.
Unlike other credit cards that have separate cashback rates for local spend and overseas spend, Standard Chartered MANHATTAN includes local and overseas transactions – both offline and online shopping.
Best of all, you can also earn cash rebates from online bill payments and educational service-related payments.
Take a look at this table to see how you can get up to S$800 cash rebates a year.
| TOTAL ELIGIBLE MONTHLY SPEND | APPLICABLE CASHBACK TIER FOR THE MONTH | MAXIMUM CASHBACK EARNED AND RECEIVED PER QUARTER |
| Below $1000 | 0.50% | Capped at $200 |
| $1000 to $2999.99 | 1% | Capped at $200 |
| $3,000 and above | 3% | Capped at $200 |
Are there disadvantages to using the Standard Chartered MANHATTAN credit card?
From the table above, you can see that the cash rebate goes down when you don’t hit the minimum spend requirement. In fact, if you spend below S$1,000, you’ll only get 0.50% cashback.
On top of that, you will only receive the cash rebate per quarter. The “quarter” refers to a period of 3 consecutive months.
Spending S$3,000 a month may be possible if you’re going to buy a one-off expensive purchase. Or if you’re using the card to pay for bills and for education service-related payments. But the quarterly cap means you won’t receive all the cash rebates due to you.
Take a look at this example, assuming you’re able to hit the min. spend every month:
| Period | Expenditure | Eligible cashback tier | Cash rebate |
| 15 Jan | $3,000 | 3% | $90 |
| 15 Feb | $3,000 | 3% | $90 |
| 15 Mar | $3,000 | 3% | $90 |
| TOTAL | $9,000 | – | $270 |
So the total cashback earned for 3 months is S$270. However, the maximum cashback is capped at S$200. This means you’ll lose S$70.
Our Verdict
The Standard Chartered MANHATTAN World Mastercard is a good option if you spend at least S$3,000 per month. But to maximize the cashback rewards, you need to be smart about using this card.
If your average monthly credit card spending is less than S$3,000, you may want to look elsewhere. Other cashback credit cards allow you to earn cash rebates without worrying about min. spend
For instance, the HSBC Visa Platinum Credit Card offers up to 5% on groceries, dining, and petrol with only a S$600 min. spend requirement. Additionally, with this credit card, the cashback is capped at S$250 per month. A great deal higher than the S$200 quarterly cap on SC MANHATTAN Card.
FAQs
Is Standard Chartered credit cards a Good Option?
that will fit your lifestyle and spending habits. That said, if you have an SC card, you’ll be entitled to different privileges and benefits, including:
- The Good Life credit card 1 for 1 deal, discounts, and promotions
- Petrol savings at Caltex
- And promos, such as S$20 TANGS.com promo code or voucher
Additionally, you can easily check your card balance, card details, payments, and transactions via the Standard Chartered online banking app.
Is MANHATTAN Platinum and MANHATTAN World Mastercard credit card eligible for MANHATTAN Cashback?
Yes. Both credit cards give you up to 3% cashback when you use them to pay for eligible transactions.
What Transactions Are Not Eligible For Earning Cashback on the MANHATTAN Platinum/World Mastercard credit card?
- Any cash advance
- Any credit card funds transfer
- Any monthly installment of an EasyPay Transaction
- Any insurance premiums charged to you MANHATTAN Card
For a full list of exclusions, click here.
Is Cashback Calculated and Awarded Based On Transaction Date or Posting Date?
Cashback is awarded based on the posting date. This is the date the transaction is posted to your account, usually within 2-3 business days.
How Do I Avail The MANHATTAN Cashback Rewards?
You can avail of the Standard Chartered MANHATTAN cashback rewards when you spend on eligible transactions. The cashback applies to all eligible transactions per statement cycle month. Please refer to the table above to see the applicable cashback rates.
How Does The Quarterly Cashback Work?
Cashback is credited to your credit card account quarterly – over a 3-month quarter cycle. It is capped at S$200 per quarter.
Conclusion
Key Takeaways:
- The Standard Chartered MANHATTAN World Mastercard is best for high spenders looking for high rewards
- Earn up to 3% on all eligible transactions with a min. spend of S$3,000
- Cashback is credited to your credit card account quarterly, plus the maximum cashback is capped at S$200.
Overall, the Standard Chartered MANHATTAN World Mastercard credit card is best for high spenders. To maximize spending using this credit card, you need to hit the S$3,000 minimum spend requirement. That said, it’s a great option for paying off expensive purchases.
So when considering applying for this credit card, look into your spending habits. Most importantly, make sure that you’re able to pay off your credit card debt every month.
If you find yourself short on cash to pay off your credit card debt, you can seek the loan services of licensed moneylenders. Go to Loan Advisor and request up to three loan quotes. They are the top loan comparison site in Singapore with the latest information about the best licensed moneylenders.
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