Standard Chartered Visa Infinite Credit Card
HomeTravel Tips & GuidesTravel Credit CardsStandard Chartered Visa Infinite Card Review (2024)

Standard Chartered Visa Infinite Card Review (2024)

The Standard Chartered Visa Infinite Card boasts one of the highest local and overseas Miles Per Dollar (MPD) earn rates available in the market. However, its attractiveness diminishes due to the hefty annual fees and absence of a renewal bonus beyond the initial year.

Updated: 29 Feb 2024

Standard Chartered Visa Infinite Card

Pros:

  1. Rewarding Overseas Spending: The card offers excellent rewards for high overseas expenditure, making it an appealing choice for frequent international travelers.
  2. Tax Payment Rewards: An innovative feature allows cardholders to earn rewards while paying taxes, enhancing the value proposition for those with substantial tax obligations.
  3. Access to Exclusive Perks: Cardholders enjoy access to Visa Infinite privileges and SC EasyRewards perks, enriching their lifestyle with exclusive experiences and benefits.
  4. No Expiry on Points: Points earned through spending do not expire, providing flexibility and peace of mind for redemption.

Cons:

  1. High Annual Fees: The non-waivable annual fees might deter potential applicants, especially considering the lack of a renewal bonus.
  2. Suboptimal MPD Rates for Local Spending: Consumers who primarily spend domestically may find better MPD rates with alternative cards.
  3. Limited Benefits: Despite its premium status, the card’s benefits are somewhat constrained compared to other high-tier offerings.
  4. High Minimum Spending Requirement: A minimum spending of S$2,000 per month is necessary to start earning points, which may not align with everyone’s spending habits.

Current Promotion:

Upon card approval and activation, applicants receive a generous welcome gift of 35,000 miles. However, it’s crucial to note the associated annual fee of S$594.

The Standard Chartered Visa Infinite Credit Card allures with its substantial welcome miles, positioning itself as a premier choice for discerning consumers. From its prestigious “Visa Infinite” designation, it’s evident that the card targets affluent individuals seeking top-tier privileges and benefits, such as travel protection and access to luxury accommodations and experiences.

In this review, we’ll assess the Standard Chartered Visa Infinite Card across several dimensions:

  • Eligibility requirements
  • Annual fees and charges
  • Cashback, discounts, rewards, etc.
  • Drawbacks
  • Comparison with competitors
  • Ideal cardholder profile

Eligibility Requirements:

To qualify for the Standard Chartered Visa Infinite Card, applicants must be Singaporean Citizens or Permanent Residents aged between 21 to 65 years old, with a minimum annual income of S$150,000. Alternatively, Priority or Private Banking customers may qualify with lower income thresholds.

Fees and Charges:

The card incurs an annual fee of S$594, which includes GST and is strictly non-waivable. Additional charges such as late payment fees, cash advance fees, and foreign currency transaction fees apply as per standard credit card terms. While some banks offer fee waivers or alternative fee structures, Standard Chartered maintains a firm stance on its fee policy.

Miles, Discounts, and Other Perks:

The Standard Chartered Visa Infinite Card rewards cardholders with competitive MPD rates for both local and overseas spending. With a minimum spend requirement, cardholders can earn 1.4 MPD on local spending and an impressive 3 MPD on overseas transactions. Other perks include a welcome gift of 35,000 miles, complimentary airport lounge visits, and access to The Good Life Privileges.

Miles Earning Rate:

Assuming the minimum spend requirement is met, the card offers attractive MPD rates, particularly for overseas spending. However, it’s essential to compare these rates with other available options to determine the best fit for individual spending habits and preferences.

Bonus Miles Upon Sign-up:

The Standard Chartered Visa Infinite Card entices new cardmembers with a substantial welcome gift of 35,000 miles. However, this comes with an associated annual fee, highlighting the importance of evaluating the overall value proposition against competing offers from other banks.

Paying Taxes With SC Visa Infinite To Maximize Points:

An innovative feature allows cardholders to earn rewards by paying taxes through the SC EasyBill facility. While this expands the opportunity to accumulate points, users should consider the associated processing fees when assessing its utility.

Participating Airlines In This Miles Program:

Cardholders can redeem their Standard Chartered 360Β° Rewards Points with a range of airline and hotel partners, offering flexibility and value in reward redemption.

Downsides of the Standard Chartered Visa Infinite Card:

  1. No Renewal Bonus and Non-waivable Annual Fees: The absence of a renewal bonus, coupled with non-waivable annual fees, may deter long-term cardholders seeking continued incentives beyond the initial year.
  2. Lack of Premium Travel Benefits: Despite its premium positioning, the card’s travel benefits are relatively limited, raising questions regarding its suitability for frequent travelers.

Comparison with Competitors:

In comparison with other travel-focused cards in the same tier, the Standard Chartered Visa Infinite Card offers competitive MPD rates both locally and overseas. However, factors such as annual fees, minimum spending requirements, and renewal bonuses vary across different offerings, necessitating careful consideration based on individual preferences and priorities.

Ideal Cardholder Profile:

The Standard Chartered Visa Infinite Card is best suited for:

  • Affluent working professionals looking to maximize miles earned on their spending, especially within the first year.
  • Individuals expecting significant tax, insurance, education, or rental payments, seeking to earn reward points on these transactions.
  • High spenders seeking to consolidate their transactions and earn miles without the complexity of managing multiple cards.

In conclusion, while the Standard Chartered Visa Infinite Card presents compelling benefits and rewards, its long-term attractiveness may be undermined by the absence of renewal bonuses and high annual fees. Potential applicants should carefully evaluate their spending habits and priorities to determine if the card aligns with their financial goals and lifestyle preferences.

Remember also to check out 2024 Best Miles Cards in Singapore

Frequently Asked Questions

Who is eligible for the Standard Chartered Visa Infinite Card?

Applicants must be between 21 to 65 years old with a minimum annual income of S$150,000. Alternatively, Priority or Private Banking customers can qualify with lower income requirements.

How can I apply for the Standard Chartered Visa Infinite Card?

You can apply for the Standard Chartered Visa Infinite Card through the bank’s website or other online channels. Priority and Private Banking customers may have additional application options.

What are the fees and charges associated with the Standard Chartered Visa Infinite Card?

The card carries an annual fee of S$594, which is non-waivable. Additional charges such as late payment fees, cash advance fees, and foreign currency transaction fees apply as per standard credit card terms.

What are the key features and benefits of the Standard Chartered Visa Infinite Card?

The card offers competitive miles-per-dollar rates for both local and overseas spending, welcome miles upon approval and activation, complimentary airport lounge visits, access to exclusive Visa Infinite and SC EasyRewards perks, and points that do not expire.

What are the downsides of the Standard Chartered Visa Infinite Card?

Downsides include the high annual fees, lack of renewal bonus, limited benefits compared to other high-tier cards, and a high minimum spending requirement to earn points.

How does the miles-per-dollar (MPD) rate of the Standard Chartered Visa Infinite Card compare to other cards?

The card offers among the best MPD rates in the market for both local and overseas spending, making it attractive for those looking to maximize miles accumulation. However, its fees and lack of renewal bonus may deter some users.

Who would benefit the most from the Standard Chartered Visa Infinite Card?

The card is best suited for affluent individuals seeking to earn significant miles on their spending, especially within the first year. It may also benefit those with substantial tax, insurance, education, or rental payments looking to earn rewards on such transactions.

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