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Standard Chartered Visa Infinite Review

Standard Chartered Visa Infinite Credit Card Review

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Best for Cardholders Looking To Maximize Miles

Standard Chartered Visa Infinite Credit Card Review

Up to 1.4 or 3 miles

Miles Rewards

35,000 miles

Sign Up Gift

S$ 2,000

Min Spent

Standard Chartered Visa Infinite Credit Card offers access to a wide range of special benefits and top-class privileges. It also offers excellent rewards for banking activities. Cardholders earn up to 1.4 miles per S$1 local spend and up to 3 miles for overseas spend. However, to enjoy these rewards, you’ll need to spend at least S$2,000 per month. Lastly, the high annual fee of S$588.50 is strictly non-waivable.

Standard Chartered Manhattan Credit Card Cashback

  • The annual fee of S$588.50 is strictly non-waivable.
  • Get cashback/reward points/bonus interest when you use your credit card on tax payments, savings accounts, mortgage loans, and more.
  • Rewards points never expire so you can save up for a large redemption
  • EasyPay plan allows you to convert your retail transactions above S$200 into 6 or 12 months interest-free installments with a one-time service fee.
  • 0% interest installment plans
  • Tap-and-Pay payment. No signature is required for purchases less than S$100.
  • CardSafe Guarantee protects you from unauthorized transactions when you shop online with your credit card.
  • Supplementary cards. You can add another card to your account and earn more rewards.
  • Enjoy up to 30% off your dining bill at participating restaurants at Marina Bay Sands. The promotion ends on 31 December 2021.
  • Access to concierge service. The Visa Infinite Concierge and Emergency Service are available 24/7 to fulfill your lifestyle needs.
  • When you use your Visa Infinite Card to pay for your online purchases where the shipping method can be tracked, you’ll be covered for possible losses up to USD$1,000 per claim per year.

Pros

  • New cardholders will earn 35,000 bonus miles as a welcome gift when they successfully apply for Standard Chartered Visa Infinite Credit Card.
  • Earn rewards up to 3 miles for every dollar spent overseas and 1.4 miles for local spending.
  • Visa Infinite Credit Card includes a Priority Pass which provides access to more than 1,000 participating airport lounges around the world.
  • Up to six complimentary visits with your loved ones every year with the Priority Pass lounge program.
  • Complimentary travel insurance covers up to S$1,000,000.

Cons

  • The annual fee of S$588.50 is strictly non-waivable.
  • The rewards are not suitable for average spenders who are not frequent travelers.
  • No subsequent annual renewal miles rewards.
  • High minimum spend of S$2,000 is required to enjoy rewards

How to Apply

Applicant’s age should be between 21 to 65 years old

Singapore Citizen and Permanent Residents: S$30,000

Foreigners with Employment Pass: S$60,000

  • Foreigners must be holders of P1, P2, or Q type Singapore Employment Pass
  • Q Pass holders must have a minimum of one year validity remaining on their passes

Details

Charges

Annual Fees

S$588.50 including GST. This annual fee is strictly non-waivable.

Finance Charges

Effective Interest Rate (“EIR”): 26.9% per annum (minimum). If payment is not made in full by the due date, finance charges will be calculated on a daily basis at 0.074% from the respective transaction dates for all transactions to the date the payment is received.

Cash Advance

Your cash advance fee per transaction is 6% on the Cash Advance, subject to a minimum fee of $15 plus Finance Charges at 0.082% per day on the amount withdrawn from the date of the transaction until the date of full payment.

Late Payment Charges

A late payment charge of S$100 will be charged if minimum payment due is not received by the due date.

  • Copy of NRIC / Passport
  • Copy of Employment Pass (front and back)

If you are currently employed (any of the following):

  • Most recent computerized payslip
  • Latest 6 months CPF Contribution History Statement
  • Latest Income Tax Notice of Assessment and latest month computerized payslip / 6 months CPF contribution

For self-employed

  • Copy of latest income tax notice of assessment (must be in business for at least 2 years)

For commission earner (any of the following):

  • Latest 3 months payslip and latest income tax notice of assessment
  • Latest 6 months CPF contribution history statement
  • Latest 3 months payslip
  • Copy of latest income tax notice of assessment (For 100% commission earner)

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 Standard Chartered Visa Infinite Account Compare with Other Credit Cards in Singapore?

Credit Card

Reward Type

Minimum Spend per Month

Reward Cap

Standard Chartered Visa Infinite Credit Card

S$1 = 1.4 miles for local spend

 

S$1 = 3 miles for local spend

 

S$2,000

N/A

Citi Cash Back+ Mastercard

1.6% cashback on eligible spend

S$0

Unlimited

Standard Chartered Smart Credit Card

6% cashback from Netflix, Spotify, fast food joints, and more

S$0

Unlimited[R2] 

American Express Singapore Airlines KrisFlyer Credit Card

S$1 = 1.1 miles for local spend

 

S$1 = 2 miles for overseas spend

 

S$1 = 3.1 miles for Grab rides

N/A 

Unlimited for local and overseas spend.

 

Grab Singapore transactions, capped at S$200 per month

Citi PremierMiles Card

S$1 = 1.2 miles for local spend

 

S$1 = 2 miles for overseas spend

 

S$1 = Up to 10 miles for select online hotel bookings

S$0

Unlimited

American Express True Cashback Card

1.5% cashback on all purchases

 

Welcome bonus of 3.0% cashback for the first 6 months (minimum spend of S$5,000 in 6 months)

$0

Unlimited

Standard Chartered Visa Infinite Credit Card is a good option for those who travel frequently or have high foreign currency spend. Compared to other miles cards on the list, it offers higher rewards at 3 miles per dollar spent overseas. However, you need to meet the minimum spend requirement of S$2,000 per month.

Is the minimum spend too high for you? The Citi PremierMiles Card is a good alternative if you don’t want to worry about meeting the minimum spend requirement. Although you’ll be earning fewer miles for overseas spending, you can earn up to 10 miles for select online hotel bookings.

Standard Chartered Visa Infinite Credit Card – Our Verdict

Get the Standard Chartered Visa Infinite Credit Card if you want to maximize miles earned. That said, it’s best for high earners who travel frequently or spend using foreign currency. With this credit card, you can enjoy exclusive perks in terms of travel and lifestyle. For example, you can enjoy up to six complimentary access to more than 1,000 participating airport lounges around the world per year.

However, expect to pay a high annual fee of S$588.50. Remember, this annual fee is non-waivable. But in return, you can enjoy a generous welcome miles bonus and other benefits especially when you use this card for tax payments and other spending.

FAQs

When you spend a minimum of S$2,000 on eligible spends in a statement cycle, you can enjoy the miles rewards. Earn up to 3 miles for every S$1 spent.

  • Local spend: 3.5 rewards points or 1.4 miles
  • Foreign currency spend: 7.5 points or 3 miles 

All spending below S$2,000 will only earn 2.5 points or 1 mile for every S$1 spent.

Priority Pass is one of the best airport lounge access programmes. It gives cardholders access to more than 1,000 airport lounges worldwide. If you’re a principal Standard Chartered credit card cardholder of the Visa Infinite Credit Card, you can enjoy this benefit. This perk is also available for cardholders of Priority Banking Visa Infinite Credit Card and Visa Infinite X Credit Card.

The Priority Pass membership is open for cardholders of the Standard Chartered Priority Banking Visa Infinite Credit Card, Visa Infinite Credit Card, and Visa Infinite X Credit Card.

Note: Only the principal cardholder is eligible to apply for a Priority Pass membership.

You can find the full list of participating airport lounges here. 

1. Foreign currency transaction fee: You will be charged fees for your overseas spending, including online shopping from online stores abroad.

  • 1% minimum fee by Visa
  • 2.5% administrative fee by Standard Chartered

2. Cash advance transaction fee: You can withdraw cash against your credit line with Visa Infinite Credit Card. You will be charged with a fee of S$15 on any amount you withdraw. Plus, an additional fee of 6% per transaction.

  • Overlimit fee: If you spend beyond your credit limit, you’ll be charged with an overlimit fee of S$40 on your account.
  • Late fee: If you miss your monthly payment, you will be charged with a late payment fee of S$80. Plus, you’ll be charged interest rate.

Conclusion

To sum up this Standard Chartered Visa Infinite review, this card is a great choice for high earners who travel frequently. To maximize miles rewards, you’ll need to meet the minimum requirement of S$2,000. 

However, it is a particularly expensive credit card with its high annual fee of S$588.50 which is non-waivable. That said, it’s best to determine whether the rewards you receive are enough to offset the annual fees.

Key Takeaways:

  • Standard Chartered Visa Infinite Card offers up to 1.4 miles per S$1 local spend and up to 3 miles for overseas spend.
  • It has an annual fee of S$588.50 that is strictly non-waivable.
  • Visa Infinite Credit Card includes a Priority Pass which provides access to more than 1,000 participating airport lounges around the world.
  • New cardholders will earn 35,000 bonus miles as a welcome gift

But just like any other credit card, you need to make a minimum payment of at least 1% of your principal balance plus interest. 

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