Standard Chartered Smart Credit Card: Is It the Best Choice for You?

Standard Chartered Smart Credit Card: Is It the Best Choice for You?

High Cashback and Great Shopping Perks for Everyday Spenders

Good for

  • Brand loyalists looking for excellent cashback at select merchants
  • People who don’t want to pay an annual fee
  • Consumers who want to pay for items with 0% interest instalment payments

Bad for

  • Consumers looking for consistent, high cashback on every purchase
  • People who want entertainment and travel perks

Editor's Rating

4.0/5.0

Standard Chartered Smart Credit Card offers a very high 5% cashback on transactions at select merchants like Watsons and PARKnSHOP, which is one of the highest rebates on the market. Other transactions with non-designated merchants earn 0.56% cashback, which is higher than the 0.4% offered by many competitors. The Smart Credit Card’s perpetual annual fee waiver and a low minimum income requirement of HK$96,000 make it an accessible choice for consumers looking for great rebates at various supermarkets and retailers.

ProsCons
  • High 5% cash rebate at designated merchants
  • 0.56% cash rebate on all other transactions
  • No fee for spending in foreign currencies
  • Low HK$96,000 minimum income requirement
  • Perpetual annual fee waiver
  • No overseas or entertainment perks
  • Highest rebate limited to select stores during promotional period
Promotions:
  • Receive 25% cashback in 1st 2mo w/ HK$4,000 spend (HK$1,000 cashback)
  • Receive HK$500 cashback for setup of automatic recurring transactions (HK$100 per eligible transaction) 
  • Receive HK$100 cashback for online signup
Card Overview
Pros:
  • High 5% cash rebate at designated merchants
  • 0.56% cash rebate on all other transactions
  • No fee for spending in foreign currencies
  • Low HK$96,000 minimum income requirement
  • Perpetual annual fee waiver
  • Promotions: Receive 25% cashback in 1st 2mo w/ HK$4,000 spend (HK$1,000 cashback)
  • Receive HK$500 cashback for setup of automatic recurring transactions (HK$100 per eligible transaction) 
  • Receive HK$100 cashback for online signup
Cons:
  • No overseas or entertainment perks
  • Highest rebate limited to select stores during promotional period

What Makes Standard Chartered Smart Credit Card Stand Out

Standard Chartered Smart Credit Card offers an impressive 5% rebate on transactions at a variety of supermarkets and retailers, including:

  • DON DON DONKI
  • 759 STORE
  • PARKnSHOP
  • Watsons
  • Circle K Convenience Store and more.

The 5% rebate applies to the first HK$60,000 spent at designated stores. This rebate lasts through the end of the promotional period on December 31, 2021. All other purchases earn 0.56% cashback, which is slightly higher than the market average rebate of 0.4%.

SC Smart Credit Card also stands out for its shopping perks. Consumers can split bills of HK$500 or more into 3-month interest-free instalments, reducing the burden of expensive purchases. You can also spend in foreign currencies and receive cash advances with no extra fees.

You should note that several cashback credit cards offer a higher flat cashback rate or boosted rebates in several categories. For example, Standard Chartered Simply Cash Visa Card offers a 1.5% rebate on every local transaction, while CCB (Asia) JD Credit Card cardholders earn a high 4% cashback on every online purchase. However, SC Smart Credit Card has no annual fee and a low HK$96,000 minimum income requirement, making it a great choice for everyday shoppers who don’t want fees to cut into their rebates.

Compare Standard Chartered Smart Credit Card’s Fees and Requirements with other Cashback Cards

CardAnnual feeForeign Currency FeeMin. IncomeGeneral rebate
SC Smart CardHK$00%HK$96,0000.56%
HSBC RedHK$01.95%HK$120,0001%
Amex BlueCashHK$980 (1-yr waiver)2%HK$150,0001%
SC Simply CashHK$2,000 (1-yr waiver)1.95%HK$96,0001.5%

Brand loyalists who want very competitive cashback and low fees should consider the SC Smart Credit Card. You can get the most out of this card by using it at designated merchants for the 5% rebate and breaking large purchases into manageable, interest-free instalments.

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

Use our quick guide below to learn how you can earn cashback with Standard Chartered Smart Credit Card.

  • Cardholders earn rebate in the form of "CashBack"
  • Receive 5% cashback on first HK$60,000 purchases at designated merchants through December 31, 2021
  • Receive 0.56% cashback on all other purchases
  • CashBack earned is shown on the 360° Rewards Redemption Platform, and must be transferred to your credit card account from this online platform
  • CashBack can also be redeemed directly for gifts and vouchers via 360° Rewards
  • The minimum redemption amount for CashBack is HK$50 per account

Standard Chartered Smart Credit Card's Features and Benefits:

Card Overview
  • Annual Fee: Free, Free
  • Income Requirement: HK$96,000
Rewards Rate Details
  • 5% cashback on purchases at designated merchants
  • 0.56% cashback on all other purchases
Benefits & Perks
  • 3-month 0% Interest Instalment plans
  • No foreign exchange fees, no annual fees, and no cash advance fees
  • 360° Rewards Redemption Platform
Promotions:
  • Receive 25% cashback in 1st 2mo w/ HK$4,000 spend (HK$1,000 cashback)
  • Receive HK$500 cashback for setup of automatic recurring transactions (HK$100 per eligible transaction) 
  • Receive HK$100 cashback for online signup

Standard Chartered Smart Credit Card’s Rewards Exclusions

The following credit card expenditures are ineligible for rewards.

  • Any transfer/top up transaction from the Card account 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
  • Insurance payments
  • Phone orders
  • Mail orders
  • Wire transfers
  • Cash advances
  • Balance transfers
  • “Instalment Credit” amounts
  • “Credit-to-Cash Preferential Annual Rate” amounts
  • Tax payment
  • Financial charges and fees
  • Money orders
  • NOTE: Octopus AAVS Transactions and interest-free monthly instalments are considered eligible transactions
  • Financial institutions (including but not limited to the purchase of merchandise and services from banks, savings and loans, thrifts, face-to-face cash disbursement and credit unions)
  • Transactions made at merchants in the gambling and betting industry
  • Security brokers or dealers
  • Non-financial institutions (including but not limited to the purchase of foreign currency, money orders and travelers cheques)
  • Wholesale purchase of precious stones and metals, watches and jewelry
  • Other transactions according to the merchant codes issued by Visa International from time-to-time

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

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

Standard Chartered Smart Credit Card v. HSBC Red Credit Card
  • Annual Fee: Free
  • Stand-Out: Unltd. 4% cashback online, 2% on groceries
HSBC Red Credit Card is a great choice for frequent online shoppers and those who enjoy cooking at home. Cardholders earn 4% cashback online, 2% at supermarkets, and 1% on all other purchases.


While HSBC Red Credit Card’s 2% rebate for supermarket transactions is competitive, SC Smart Credit Card offers a significantly higher 5% cashback rate for shopping at select stores. Overall, HSBC Red is a better card for online shopping and general purchases. However, the Smart Credit Card is still a good choice for brand loyalists who don’t mind using their card selectively at designated merchants.

Standard Chartered Smart Credit Card v. Citi Cash Back Card
  • Annual Fee: HKD 1,800
  • Stand-Out: Unltd. cashback with boost for dining, hotels & overseas
Wealthy consumers can earn consistent, high rebates with the Citi Cash Back Card. Cardholders earn an uncapped 2% cashback on dining, hotels, and overseas spending, and 1% on all other transactions.


Citi Cash Back Card’s competitive rebates for dining and overseas spending make it a better choice for entertainment and travel than the SC Smart Credit Card. However, Citi Cash Back’s HK$1,800 annual fee and HK$240,000 minimum income requirement makes it far less accessible than the Smart Credit Card.

Standard Chartered Smart Credit Card v. HSBC Red Credit Card
  • Annual Fee: Free
  • Stand-Out: Unltd. 4% cashback online, 2% on groceries
HSBC Red Credit Card is a great choice for frequent online shoppers and those who enjoy cooking at home. Cardholders earn 4% cashback online, 2% at supermarkets, and 1% on all other purchases.


While HSBC Red Credit Card’s 2% rebate for supermarket transactions is competitive, SC Smart Credit Card offers a significantly higher 5% cashback rate for shopping at select stores. Overall, HSBC Red is a better card for online shopping and general purchases. However, the Smart Credit Card is still a good choice for brand loyalists who don’t mind using their card selectively at designated merchants.

Standard Chartered Smart Credit Card v. Citi Cash Back Card
  • Annual Fee: HKD 1,800
  • Stand-Out: Unltd. cashback with boost for dining, hotels & overseas
Wealthy consumers can earn consistent, high rebates with the Citi Cash Back Card. Cardholders earn an uncapped 2% cashback on dining, hotels, and overseas spending, and 1% on all other transactions.


Citi Cash Back Card’s competitive rebates for dining and overseas spending make it a better choice for entertainment and travel than the SC Smart Credit Card. However, Citi Cash Back’s HK$1,800 annual fee and HK$240,000 minimum income requirement makes it far less accessible than the Smart Credit Card.

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.