Standard Chartered Platinum Credit Card: Consistent Rewards Across Your Entire Budget

Standard Chartered Platinum Credit Card: Consistent Rewards Across Your Entire Budget

Consistent Rewards Across Your Entire Budget

Good for

  • Everyday consumers seeking uncapped rewards across their budget
  • Local spenders looking for significant dining and retail discounts
  • People who want a flexible rewards programme with points that don’t expire

Bad for

  • Consumers seeking the highest air miles and cashback rates on the market
  • Frequent travellers looking for air miles perks
  • People who want to avoid an annual fee 

Editor's Rating

3.5/5.0

Standard Chartered Platinum Credit Card is a great choice for consumers looking for no-hassle air miles or cashback rewards for all of their spending. Local shoppers can enjoy a number of dining, shopping and lifestyle perks with this card, and points earned through the 360° Rewards programme never expire, which means consumers can redeem rewards on their own schedule. Standard Chartered Platinum Credit Card has no monthly cap on points earned, so you don’t need to worry about maxing out your rewards or restricting spending to certain purchases.

ProsCons
  • 0.067 miles per HK$1 general spend or 0.4% cashback
  • Low HK$96k minimum income requirement
  • Flexible rewards programme with points that never expire
  • Low 0.4% general spend rebate
  • Relatively high HK$1,800 annual fee after 1-year waiver
  • No boosted rates for overseas spend
  • Higher miles rates available with other cards
Promotions:
  • Receive HK$600 cashback w/ HK$8k spend in 1st 2mo
  • Receive HK$100 cashback w/ online banking login in 1st 2mo
  • Receive up to HK$200 cashback w/ account opening online or via app
Card Overview
Pros:
  • 0.067 miles per HK$1 general spend or 0.4% cashback
  • Low HK$96k minimum income requirement
  • Flexible rewards programme with points that never expire
  • Promotions: Receive HK$600 cashback w/ HK$8k spend in 1st 2mo
  • Receive HK$100 cashback w/ online banking login in 1st 2mo
  • Receive up to HK$200 cashback w/ account opening online or via app
Cons:
  • Low 0.4% general spend rebate
  • Relatively high HK$1,800 annual fee after 1-year waiver
  • No boosted rates for overseas spend
  • Higher miles rates available with other cards

What Makes Standard Chartered Platinum Credit Card Stand Out

Consumers looking for uncapped rewards across their entire budget should consider Standard Chartered Platinum Credit Card. Cardholders earn 1 mile for every HK$15 spent, a rewards rate of 0.067 miles per HKD. While most air miles credit cards in Hong Kong have a minimum income requirement of at least HK$150,000, Standard Chartered Platinum Credit Card is very accessible with a salary requirement of just HK$96,000.

Comparison of Miles Earned & Minimum Income Requirement

Credit CardMiles/ HK$1 General spendMobile Pay Required?Min. Income Req.
SC Platinum Credit Card0.067NoHK$96k
DBS Black World0.167NoHK$240k
Amex Cathay Pacific Elite0.167NoHK$300k
Citi Prestige0.167NoHK$600k
BEA Flyer World0.200NoHK$240k
CCB eye Platinum0.333YesHK$150k
BOC i-Card0.667YesHK$150k
BEA Flyer World general spend rate excludes transactions at supermarkets, department stores, travel agencies & government departments, which earn 0.125 mi/HK$1 spend.

Cardholders can also exchange their 360° Rewards points for cashback at a rate of 0.4% for every HKD of spending, which means you don’t have to choose between air miles rewards or cash rewards. You can either redeem points for cashback or use the money you earn to offset your monthly credit card balance.

Local spenders can enjoy a number of generous perks and offers with Standard Chartered Platinum Credit Card. Diners can receive up to 40% off meals at a wide selection of restaurants including Alto Bar & Grill, Bay’s Kitchen & Bar, London House and many others. Frequent shoppers can save significantly at popular merchants like Bose, 3DG Jewellery, GigaSports and more.

Standard Chartered Platinum Credit Card does have some drawbacks, however. Its 0.067 miles rate and 0.4% cashback are lower than many other cards on the market, including several Standard Chartered credit cards. Frequent travellers can earn 0.167 miles per HK$1 general spend with Standard Chartered Asia Miles Mastercard, boosted to 0.250 miles on overseas transactions. Consumers who want some of the best cashback rates on the market can enjoy an impressive 1.5% rebate on purchases in Hong Kong with Standard Chartered Simply Cash Visa Card.

While many Hong Kong credit cards offer higher cashback and air miles rates, Standard Chartered Platinum Credit Card remains a good choice for consumers looking for hassle-free rewards on all of their purchases and significant savings with dozens of local merchants.

How Does Standard Chartered Platinum Credit Card’s Rewards Programme Work?

Use our quick guide below to learn how you can redeem your credit card rewards. Consumers can redeem 360° Rewards points for cashback or air miles.

  • Rewards are technically earned as 360° Rewards points
  • Cardholders earn 1 point per HKD spend
  • Points can be redeemed for miles or cashback
  • Note: 25,000 points required for very 1,000 Asia Miles conversion
  • SC Online Banking customers automatically registered for rewards program
  • 360° Rewards points never expire

Standard Chartered Platinum Credit Card's Features and Benefits:

Card Overview
  • Annual Fee: HKD 1,800, 1-Year Waiver
  • Income Requirement: HKD 96,000
Rewards Rate Details
  • 0.067 miles per HK$1 spend or 0.4% cashback rebate
Benefits & Perks
  • Dining, shopping, and lifestyle perks with Mastercard; or:
  • Travel, lifestyle, and retail benefits with Visa Platinum
  • Shopping instalment plan to split bills
  • Discounts at dozens of local restaurants, retailers, department stores and more
Promotions:
  • Receive HK$600 cashback w/ HK$8k spend in 1st 2mo
  • Receive HK$100 cashback w/ online banking login in 1st 2mo
  • Receive up to HK$200 cashback w/ account opening online or via app

Standard Chartered Platinum Credit Card’s Rewards Exclusions

The following credit card expenditures are ineligible for rewards.

  • Bill payment transactions made through Standard Chartered Online Banking
  • Standard Chartered Phone Banking or JET Payment Service
  • Phone order
  • Mail order
  • Any transfer/top up transaction from the Card to any account as designated by the Bank from time to time: including but not limited to:
  • Octopus O!ePay
  • Alipay account and other digital payment account as may be made available by the Bank from time to time
  • Cash advances
  • Balance transfers
  • “Instalment Credit” amounts
  • “Credit-to-Cash” amounts
  • Tax payment
  • Financial charges and fees
  • Insurance payment
  • Transactions made at merchants in the gambling and betting
  • Security brokers or dealers
  • Non-financial institutions (including but not limited to the purchase of foreign currency; money orders and travelers cheques)
  • Financial institutions (including but not limited to the purchase of merchandise and services from banks
  • Savings and loans
  • Thrifts and credit unions and face-to face cash disbursement)
  • Wire transfer money orders and wholesale purchase of precious stones and metals
  • Watches and jewelry category (as defined by Mastercard Asia/Pacific (Hong Kong) Limited from time to time) NOTE:Octopus Automatic Add-Value transactions and interest-free monthly instalments are considered eligible for rewards.

How does Standard Chartered Platinum Credit Card Compare Against Other Cards?

Read our comparisons of Standard Chartered Platinum Credit Card with other air miles and cashback credit cards and discover which card best fits your budget and lifestyle.

Standard Chartered Platinum Credit Card v. Standard Chartered Simply Cash Visa Card
  • Annual Fee: HKD 2,000
  • Stand-Out: Unltd. 1.5% rebate w/ boost for overseas
Standard Chartered Simply Cash Visa Card is a no-hassle cashback credit card optimized for consumers who want competitive rewards across their entire budget. This SC credit card’s 1.5% flat cashback rebate on local spend is more than 3 times the general rate for Standard Chartered Platinum Credit Card, and its 2% overseas rate is 5 times that of the SC Platinum card.


Both Standard Chartered Simply Cash Visa Card and Standard Chartered Platinum Credit Card have an accessible HK$96,000 minimum income requirement, but Simply Cash has a higher HK$2,000 annual fee. However, this can be avoided if you have a banking relationship with Standard Chartered.

Consumers can earn some of the highest cashback rebates for general spend on the market with Standard Chartered Simply Cash Visa, making it a better choice than SC Platinum card for strictly cash rewards.

Standard Chartered Platinum Credit Card v. BEA Flyer World Mastercard
  • Annual Fee: HKD 1,800
  • Stand-Out: 0.2 miles/HK$1 everyday spend
BEA Flyer World Mastercard is a great choice for frequent local spenders looking for rapid miles across their budget. Cardholders earn 0.125 miles per HK$1 spend at supermarkets, department stores, travel agencies & government departments, elevated to 0.200 miles on every other transaction. These miles rewards are substantially higher than Standard Chartered Platinum Credit Card’s 0.067 miles per HK$1 general spend.


BEA Flyer World Mastercard also offers a mix of perks such as room reservations at Hong Kong Jockey Club's Visitor Box and other racecourses, discounted Blue Care Medical Centre check-ups and more. Overall, local spenders can enjoy some of the best miles rates on the market with BEA Flyer World Mastercard, but Standard Chartered Platinum Credit Card offers a broader range of dining and retail discounts.

Standard Chartered Platinum Credit Card v. Standard Chartered Simply Cash Visa Card
  • Annual Fee: HKD 2,000
  • Stand-Out: Unltd. 1.5% rebate w/ boost for overseas
Standard Chartered Simply Cash Visa Card is a no-hassle cashback credit card optimized for consumers who want competitive rewards across their entire budget. This SC credit card’s 1.5% flat cashback rebate on local spend is more than 3 times the general rate for Standard Chartered Platinum Credit Card, and its 2% overseas rate is 5 times that of the SC Platinum card.


Both Standard Chartered Simply Cash Visa Card and Standard Chartered Platinum Credit Card have an accessible HK$96,000 minimum income requirement, but Simply Cash has a higher HK$2,000 annual fee. However, this can be avoided with a banking relationship with Standard Chartered.

Consumers can earn some of the highest cashback rebates for general spend on the market with Standard Chartered Simply Cash Visa, making it a better choice than SC Platinum card for strictly cash rewards.

Standard Chartered Platinum Credit Card v. BEA Flyer World Mastercard
  • Annual Fee: HKD 1,800
  • Stand-Out: 0.2 miles/HK$1 everyday spend
BEA Flyer World Mastercard is a great choice for frequent local spenders looking for rapid miles across their budget. Cardholders earn 0.125 miles per HK$1 spend at supermarkets, department stores, travel agencies & government departments, elevated to 0.200 miles on every other transaction. These miles rewards are substantially higher than Standard Chartered Platinum Credit Card’s 0.067 miles per HK$1 general spend.


BEA Flyer World Mastercard also offers a mix of perks such as room reservations at Hong Kong Jockey Club's Visitor Box and other racecourses, discounted Blue Care Medical Centre check-ups and more. Overall, local spenders can enjoy some of the best miles rates on the market with BEA Flyer World Mastercard, but Standard Chartered Platinum Credit Card offers a broader range of dining and retail discounts.

Kevin Schwartz

Kevin is a Junior Research Analyst at ValueChampion specialising in credit cards in Hong Kong. He previously worked for the U.S. Congress as a Legislative Fellow as well as in international education in Beijing. He holds a B.A. in International Studies and Chinese from the College of the Holy Cross and received multiple scholarships for Chinese language studies, including the State Department Critical Language Scholarship.