Credit cards are more than just a convenient cashless payment method; they hold the potential to earn you rewards, cashback, and travel benefits. Despite many options in Malaysia, the best offerings are surely from Standard Chartered in terms of card variety and benefits. Whether you’re a big-time travel ocling, cash back junkie or just want to flex your premium status, Standard Chartered have a card for you, So, let’s explore the huge world of Standard Chartered credit cards. Everything that you want to know, is right here.
Types of Standard Chartered Credit Cards
Standard Chartered boasts a large selection of credit cards for its customers. Let us take a look at the four main types.
Cashback Credit Cards
Cashback credit cards are like a percentage of your spending which are paid back to you in cash! Standard Chartered’s cashback cards, like the Simply Cash Credit Card program, are an easy way to start earning cash for your everyday purchases. Enjoy cashback on groceries, dining, petrol, etc. and enjoy the cashback so earned credited to your account!
Shop at select retailers for groceries or dining, and you might earn around 15% cashback. A no-stress way to save — ideal for a person who wants to keep it simple.
Rewards Credit Cards
Earn points or miles on your purchases and transfer or redeem for “rewards”. If you love earning points towards future rewards, you’ll love the Rewards Credit Cards by Standard Chartered. Accumulate points for every dollar you spend, which can get you shopping vouchers, electronics, or even travel experiences. Check out the Visa Infinite Credit Card for attractive rewards on dining, entertainment, and overseas spend.
The more you spend, the more points you earn toward all kinds of goodies, depending on what you want. Whether it’s a gadget or a trip, there’s a rewards card for you.
Key Benefits of Rewards Cards:
- Earn points on every purchase.
- Points can be redeemed for a vast choice of rewards.
- Bonus points for certain categories of spending such as dining out, entertainment, and travel.
Travel Credit Cards
If you’re a frequent flier or love to travel, the Travel Credit Cards from Standard Chartered come with a host of exclusive benefits to make your journeys even more enjoyable. From earning air miles to airport lounge access and no foreign transaction fees, our Travel Credit Cards are designed for those who regularly travel for business or leisure.
A great example of this is with the Journey Credit Card where you earn 5X miles on travel-related places like flights, hotels, and dining. And you’ll receive unlimited access to the Plaza Premium Lounges, where you can relax before your flight. These travel benefits create more ways for you to earn rewards on things you are already spending money on while traveling.
Key Benefits of Travel Cards:
- Earn air miles for every dollar spent
- Access to airport lounges and travel perks
- No foreign transaction fees for international purchases
Premium Credit Cards
If you believe you deserve to live the high life, and have the means to carry it off, Standard Chartered’s Premium Credit Cards offer a luxurious proposition. Benefits amp up to the levels of the Platinum Mastercard, with specially increased credit limits, access to exclusive VIP events, a dedicated concierge service, and chartering your private jet.
For those who like to treat themselves once in a while, these cards offer exclusivity and invites for events that the wealthy dine at. Premium cards are for those who want the best service possible and to say they walked down a red carpet while white linen waiters serve them. From bottle popping to purse shopping, the street is paved with gold for the affluent cardholder.
Benefits of premium cards include:
- Huge limit and special privileges.
- Experience plenty of luxury, travelling in the fast lane.
- Have excellent rewards built just for you.
Benefits of Standard Chartered Credit Cards
Now that we’ve covered the different types of credit cards, let’s dive into the core benefits that come with holding a Standard Chartered credit card.
Rewards and Cashback Opportunities
One of the key features of Standard Chartered Cards is the rewards and cashback offerings. Depending on your Card of choice, you earn cash back or points for each purchase you make. The more you spend, the more you get - with bonus opportunities in categories such as dining, travel and groceries! Save on your next purchase or redeem your points for attractive rewards!
Travel Perks and Exclusive Offers
For jet setters, you’ll get perks from common travel perks (free travel insurance, priority boarding and airport lounge access) to flights that come with onboard Wi-Fi. They also offer exclusive discounts with partner merchants, so you’ll save on all of life’s adventures from fashion to fun gadgets.
Eligibility and application for Standard Chartered credit cards
Signing up with Standard Chartered credit cards is relatively easy, but you will have to meet specific eligibility requirements and prepare documents for submission.
Eligibility requirements
Depending on the type of card, Standard Chartered has its own eligibility requirements for applicants. The criteria may differ, but generally require individuals to:
Eligibility Criteria Most banks in Malaysia require applicants to:
- Have a steady monthly income (income requirements vary based on the credit card you want)
- Be a Malaysian citizen or a permanent resident
Required Documents
In order to apply for a credit card, you generally need to submit:
- A copy of your NRIC (National Registration Identity Card)
- Proof of income (EPF statement, pay slip or bank statement)
Further documentation may be required from government employees or self-employed individuals.
The Application Process
Once you’ve confirmed your eligibility and gathered your documents, you can apply online or at one of their branches. Standard Chartered runs promotions such as “Spend to Win” or others where you can apply for a credit card and enjoy exclusive perks.
Instant Credit with Amanahkredit
If you need credit fast, you can also try Amanahkredit, which offers instant credit services. If you are in need of a credit boost while waiting for your credit card, Amanahkredit might help.
Tips for Maximizing Your Standard Chartered Credit Card Benefits
To make the most out of your credit card, consider the following tips:
- Take Advantage While Applying: The bank sometimes gives special promotions if you apply for their cards at their roadshows and limited period events. They may throw in extra points, cashback, or even gifts like luggage or gadgets!
- Stay Up to Date on Offers: Follow them for their latest offers visible on their website or app. Always an excellent way to earn more with your credit card, be it dining, travel and more.
- Strategic Spending: Use your card for specific expenses like eating out, grocery shopping, or travel. Many Standard Chartered cards offer additional rewards for these categories, so make your purchases where the rewards are!
Mistakes to Avoid with Standard Chartered Credit Cards
You’ve read about some of the benefits of credit cards like Standard Chartered credit cards, now it’s time to learn how to avoid the hidden challenges!
- Carrying a Balance: “If you carry a balance, you will pay interest on the remaining balance, and that can snowball quickly,” Rogers says. “You get charged interest, it adds to your balance and you owe even more.” To avoid interest charges, pay off the bill in its entirety every month.
- Missing Payment Deadlines: Mark down payment due dates so you don’t miss them! If you miss a payment, you risk incurring a penalty fee or an increase in your interest rate—and could even damage your score if you hit the limit. “Scheduled payments can be a godsend so you don’t have to worry about due dates.
- Ignoring Fees: Some credit cards come with annual fees or foreign transaction fees. Be sure to understand all the fees that come with your card, so you don’t end up getting charged for stuff you don’t want.
To get the most from your credit card’s rewards program, take these steps:
- Watch Your Points. Double-check your points balance in your online bank portal or mobile app so you don’t miss a redemption.
- Expiring Points: Don’t wait to redeem points; turn them into something useful for gift cards, gadgets, or cash when the time comes.
- Bonus Categories: Use your credit card for purchases in categories that earn bonus points, like dining, travel, or groceries.
Conclusion
Among Standard Chartered credit cards, there’s something for everyone. Whether you prefer cashback, rewards points, travel benefits or premium concierge services, there’s a credit card for you at Standard Chartered. Learn about the types of cards offered by both banks, maximize your benefits and no less important, avoid the common pitfalls of using a credit card, and it’ll be a powerful financial tool in your life. And if you ever run into the need for quick credit, AmanahKredit can provide an instant solution while you wait for your application to be processed.
With the right kind of Standard Chartered credit card and a little strategic planning, you can take advantage of a slew of perks and financial benefits to make your life that much easier and rewarding.
FAQ
What are the different types of Standard Chartered credit cards?
There are four different types of Standard Chartered credit cards - Cashback, Rewards, Travel and Premium credit cards. Each is tailored for different spending habits and lifestyles.
What are Rewards Credit Cards?
With rewards credit cards you can earn points for every single purchase and exchange those points for everything from shopping pads, electronics and travel goodies.
What are the advantages of using Travel Credit Cards?
Travel credit cards come with air miles, free access to airport lounges, travel insurance and no foreign transaction fees; perfect if you frequently fly.
How are Premium Credit Cards unique?
Premium credit cards offer higher credit limits, exclusive VIP experiences, concierge services, and other luxury perks for affluent customers.