SC Unlimited Cashback Credit Card Review: A Cashback Card That Doesn’t Stop Giving

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Who doesn’t love cashback credit cards? The whole concept of saving while spending is weirdly satisfying and that is the exact type of satisfaction you will get from a cashback credit card. If you’re one of the many Singaporeans who loves cashback credit cards, we have some good news for you.

SC Unlimited Cashback Credit Card Review

SC Unlimited Cashback Credit Card Review: A Cashback Card That Doesn’t Stop Giving

Benefits of the Unlimited Cashback Credit Card

The Unlimited Cashback Card offers a cashback of 1.5% on all eligible spends. You won’t need to spend a minimum amount to enjoy the 1.5% cashback, nor will you face earn caps, or need to spend on specific categories to enjoy the cashback.

Singapore’s credit card market is flooded with cashback cards of all varieties. Most of them have complicated terms and conditions tagged to how you can get your cashback. If you’ve been frustrated by this before, then you’ll find this a refreshing change. This is a straightforward card with benefits that are easy to remember.

Read also: 10 Best Cashback Credit Cards for Grocery Shopping in Singapore

Multipurpose card – What does that mean?

This cashback credit card is a multipurpose credit card. No, it won’t act as a membership card to your gym but it definitely doubles up as an EZ-link card.

Honestly, this isn’t that useful anymore now that you can pay for your public transport fares with your Mastercard credit card. Each time you do an EZ-Reload on your card, there is a minimum S$50 top up, and a convenience fee of S$0.25 each time.

Privileges – How good are they?

As much as the cashback is useful, you’ll benefit much more on discounts and 1-for-1 deals if it comes with the card. Expect to get these privileges along with the unlimited cashback:

Unlimited Cashback Card Dining Deals

Unlimited Card Dining Details

Standard Chartered Unlimited Cashback Credit Card vs The American Express True Cashback Credit Card

Is there another card that is similar to the Standard Chartered Unlimited Cashback Card? Yes, and that’s the American Express True Cashback Credit Card. Let’s see how they stack up against each other.

Card Standard Chartered Unlimited Cashback Credit Card The American Express True Cashback Credit Card
Cashback 1.5% cashback on all eligible spends. Insurance premiums not included.  1.5% cashback on all eligible spends, including insurance premiums. 
Welcome offers S$100 cashback or S$150 in Prime Now Credits S$60 CapitaVouchers with S$500 spent within the first month

3% cashback up to a total of S$5,000 spend for the first 6 months (S$75 value)

Annual fee S$192.60 (waived for the first two years) S$171.20 (waived for the first year)

Related: American Express True Cashback Card Review: What to Know Before Applying

Both credit cards are very similar, particularly after the promotional periods. Assuming that you have no preference over an American Express card or a Mastercard, you’ll want to consider if you need this card to pay for your insurance premiums. The Standard Chartered Unlimited Cashback Card excludes insurance premiums as an eligible retail transaction. While American Express does not exclude insurance, your insurance company may not accept Amex cards.

Another factor to consider is whether Standard Chartered’s The Good Life privileges or American Express Selects is more relevant for your lifestyle. These benefits offer you far more in return than what 1.5% cashback can.

BankBazaar’s final thoughts

SCB Unlimited Cashback Credit CardSCB Unlimited Cashback Credit Card
Card Type: Cashback
Annual Fee: S$192.60 (2-year fee waiver)
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  • 1.5% cashback on all eligible transactions
  • No cashback cap
  • No minimum spend requirement

A cashback card like the Standard Chartered Unlimited Cashback Card sounds like it’s a card to put all your spending on. After all, there are no minimum spends, no cashback caps, and very little exclusions.

But if your objective is to maximise your savings (and it should be!), then you will want to use this card as a supplement to your other cashback cards. Whenever you’re going to buy something that only gives you a base cashback rate of 0.25%-0.3% on your other cashback credit card, you should use the Unlimited Cashback Card instead.

You might also be interested in our review of the HSBC Advance Card, another all-category cashback card that has some interesting differences.

Read also: UOB One Card Review – The quickest way to get 5% cashback on EVERYTHING



  1. Avatar

    Although there is no minimum spend for the 1.5% cashback, you might want to note about the minimum spend to get 20% cashback on uber.

  2. Avatar

    I am an SC credit card holder. I feel that standard Chartered has the highest charge of 3.5% on Foreign currency transactions.

    They even charge extra 1% on uber rides.

    I feel that the sc card is not very helpful for foreign currency transactions and uber rides based on the above observation

  3. BankBazaar

    Yikes, that forex charge is very high! Most other banks charge about 2.8%, and AMEX charges 2.5%. As for the Uber rides, it might the be cross border transaction fee that you would incur with most cards and banks. This is because Uber transactions, though billed in SGD, are processed overseas.

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