Benefits of the Standard Chartered Spree Credit Card

• 1. High Cashback on Online Purchases: The card’s 3% cashback on foreign currency online transactions and vPost spending is a significant benefit for those who shop on international platforms. This helps offset the 3.5% foreign transaction fee, resulting in a net cost of only 0.5% on such purchases. For example, a S$100 transaction incurs a S$3.50 fee, bringing the total to S$103.50, but the 3% cashback (S$3.11) reduces the effective cost. The 2% cashback on local online and contactless payments is also competitive, especially for users who shop on platforms like Shopee or Lazada.
• 2.No Minimum Spend Requirement: The absence of a minimum spend threshold is a major advantage, particularly for low spenders or those with irregular spending patterns. Unlike other cards that require S$500–S$1,000 monthly to unlock rewards, the Spree Credit Card ensures every eligible transaction earns cashback, making it inclusive for students, freelancers, or first-time cardholders.

How to Apply for the Standard Chartered Spree Credit Card

• Application Channels:
  • Online Application via Standard Chartered Website or Partner Sites:
    • Visit the Standard Chartered Singapore website and navigate to the credit cards section. Locate the Spree Credit Card.
    • Click on “Apply Now” to begin the process. You may be redirected to a partner site like SingSaver for special promotions.
    • Enter personal information: full name, email, mobile number, and postal code.
    • Verify your identity using OTP sent to your registered mobile number.
    • Complete the detailed application form including NRIC, employment, income, and address.
    • Upload required documents such as NRIC, income proof, and address proof.
    • Submit the application. You'll receive an instant in-principle decision in many cases.
    • Complete Video KYC if prompted for identity verification.
    • Final approval and policy checks may take 7–15 days. Card delivery follows upon approval.
  • Offline Branch Application:
    • Locate the nearest Standard Chartered branch via the website or SC Mobile app.
    • Visit the branch and request a Spree Credit Card application form.
    • Fill in accurate personal and financial details on the form.
    • Submit the completed form along with original/certified physical copies of documents.
    • The bank will verify your application and conduct credit checks (takes about 7–15 days).
    • Upon approval, the card will be mailed to your address or can be collected at the branch.
  • Application via Partner Platforms (e.g., SingSaver, Heartland Boy):
    • Visit a partner website and locate the Spree Credit Card offer.
    • Click “Apply Now” and follow the usual online process: OTP verification, application form, and document upload.
    • Ensure eligibility for promotional benefits like cashback by activating and using the card within 30 days.
• Tips for a Successful Application:
  • Check your eligibility criteria like age, income, and residency status beforehand.
  • Prepare clear digital/physical copies of required documents to avoid delays.
  • Ensure that all application details exactly match your documentation.
  • Avoid submitting multiple credit card applications at the same time to prevent hard inquiries.
  • Monitor your application status via the Standard Chartered website or SC Mobile app using your mobile number and reference number.
• Post-Application Steps:
  • Activate your card via SC Mobile app or customer service once approved.
  • Make a qualifying transaction within 30 days if applying via a promotional partner.
  • Set up auto-pay or calendar reminders to avoid late fees.
  • Download the SC Mobile app for easy card management, payment tracking, and support.
• Common Application Challenges:
  • Incomplete or unclear documentation can lead to delays or rejection.
  • Credit score below 700 may reduce approval chances—improve it before applying.
  • Income inconsistencies may result in additional verification requests.
  • Non-residents or applicants outside serviced areas may face extra scrutiny.

Eligibility Criteria for Standard Chartered Spree Credit Card

• 1. Age Requirements
  • Primary cardholder must be between 21 and 65 years old.
  • Supplementary cardholders must be at least 18 years old.
  • Ensures legal capacity and financial maturity to manage credit.
• 2. Income Requirements
  • Minimum annual income of S$30,000 for Singapore citizens and permanent residents.
  • For foreigners, typically S$60,000 or higher, depending on bank policy.
  • Stable monthly income is required to demonstrate repayment ability.
  • Accessible to young professionals and first-time cardholders due to low threshold.
• 3. Nationality and Residency
  • Applicants must be residents of Singapore or a city where the card is offered.
  • Foreigners can apply with valid documents such as an employment pass or work permit.
  • Non-residents may face additional verification requirements.
• 4. Credit Score
  • Preferred credit score: 700 or above for approval.
  • Indicates responsible credit behavior and increases approval chances.
  • Lower scores may lead to rejection or reduced credit limits.
  • Improve by paying bills on time, reducing debt, and limiting hard inquiries.
• 5. Employment Status
  • Applicants must have stable employment—salaried or self-employed.
  • Salaried individuals should provide recent payslips.
  • Self-employed must provide income tax returns or business continuity documents.
  • Demonstrates financial reliability for repayment.
• 6. Credit History
  • Timely payment history and low credit utilization (under 30%) are favorable.
  • Defaults or late payments reduce approval chances.
  • Existing debts and credit behavior are reviewed via credit report.
• 7. Debt-to-Income Ratio
  • DTI ratio is a key approval factor—ideally under 40%.
  • High DTI suggests difficulty managing new credit.
  • Improve by paying down debt or increasing income before applying.
• 8. Additional Bank Policies
  • May include employment verification or background checks.
  • Aimed at minimizing lending risk and ensuring responsible card usage.
• 9. Improving Eligibility
  • Pay off outstanding balances and avoid late payments to improve credit score.
  • Lower DTI by consolidating or repaying loans.
  • Maintain stable income or provide additional documentation if self-employed.
  • Limit credit applications to one at a time to avoid excessive hard pulls.
• 10. Special Considerations for Foreigners
  • Must provide valid work permits or employment passes.
  • May face higher income requirements or need additional documentation for residency.
• 11. Application Restrictions
  • Primary cardholders must be 21+ with a stable income.
  • Supplementary cardholders can be younger (18+).
  • Those with recent credit card rejections should wait 3+ months before reapplying.