4.5/5.0. I’ve paid my personal income tax bill this way for the last two years, and it’s very straightforward. The card, which complements other highly-prized cards such as Visa Signature, has been launched in the country as a prestigious product for the wealthy. At a 2% fee, EasyBill allows you to ‘buy’ miles using your Standard Chartered Visa Infinite card for 1.43 cents each when making these payments, though you’ll want to channel your IRAS Income Tax payment through the existing facility at the 1.6% fee as outlined above for a 1.1 cents per mile cost. That discount of course will not apply for everyone, so you’ll have to decide whether the higher miles earning rate (especially for foreign transactions at 3 miles per $1 spent, which is almost unbeatable), and the other card benefits, make the high fee work for you. Life’s elite pleasures, the way you like them. This card offers all the standard features of a Credit Card & nothing much unique benefits. Visa Infinite is, essentially, a credit card that has been dedicated to the most premium […] Gourmet dining privileges. Expect a high annual fee of S$588.50, but in return you receive a generous perk of a welcome bonus offer of miles and ongoing opportunities to earn more discounts and benefits in a range of categories. For context, most travel cards offer 2–2.4 miles per S$1 overseas. Zyane Tan. Interest Rate From 15.0 % p.a. Standard Chartered Visa Infinite Card is by far one of the best travel cards on the market. In order to qualify for the welcome gift of 35,000 miles or 25,000 miles and S$100 Uber credits, you’ll have to pay the annual fee of S$588.50. “I used to be scared of credit cards, but SingSaver.com.sg made me realise that I don’t have to worry about debt if I pay my bill on time each month. Provided you spend at least $2,000 in any statement cycle (note – not calendar month), you’ll be entitled to an additional 0.4 miles per $1 spent locally and an additional 2 miles per $1 spent overseas, for all the spending you made (not just the amount over $2,000). Minimum income: $150,000/yr** Your Uber account must be linked to your Standard Chartered Visa Infinite Card for this to work. Apply for the Standard Chartered Visa Infinite Card and pay the annual fee to qualify (more on this later). You will need S$2,000+ spend on other eligible transactions in the same statement period to qualify for the higher earning rate even on the tax payment itself. Apply. Standard Chartered Bank (SC) Priority Visa Infinite Credit Card – Review, Details, Offers, Benefits, Fees. While existing cardholders have been given a fairly lackluster renewal offer, new card applicants can benefit from 35,000 miles when they pay for the annual fee - only S$16.81 for 1,000 miles! There are a few other perks with the SCVI card, the key benefits which will be of most interest to our readers are: * Blackout period applies, and the rental is not available on eve of public holidays and on public holidays. Besides access to the Visa Luxury Hotel Collection, cardmembers get exclusive perks at Raffles Hotels and Resorts and an upgrade to Hilton HHonors™ Gold status after staying two or four nights at any participating Hilton hotel and resort. I like the income tax. Always read their conversion ratio to other airlines miles. Last updated: Jul 24, 2020. Which Air Miles Card Are You? Cardmembers get six complimentary visits to any Priority Pass lounge around the world per year, after which each visit will cost S$38. For example if you have accrued 325,000 points that should give you 130,000 miles. Opting for the 35,000 miles means you’re paying as low as S$0.017 for one mile, which is a lot cheaper than a long haul KrisFlyer mile. 99 x 2,500 points blocks will give you 99,000 KrisFlyer miles). 35,000 miles welcome offer. Standard Chartered Visa Infinite Card*. That’s automatically dreadful in Singapore credit card terms, but hang on…. And if you spend over S$2,000 on your trips each month, the generous earn rate of 3 miles per S$1 on overseas spend lets you stack miles quickly. You’ll have to pay the annual fee to qualify for the welcome gift and have the credit card valid within six months of account opening date. These transfer to KrisFlyer miles at a 2.5:1 ratio (so the sign-up bonus is actually 87,500 reward points, for example, which you can then redeem for 35,000 miles). Love it.”, Maybank Horizon Visa Signature Credit Card, Standard Chartered Unlimited Cashback Card, Allianz Global Assistance Travel Insurance, 4 Reasons You Wish You Qualified for Singapore’s Most Exclusive Credit Cards. 1.4 miles per local dollar spend, 3 miles per overseas dollar spend. This includes major destinations including Delhi and Bangalore. Standard Chartered Visa Infinite Credit Card Review (India) Standard Chartered Visa Infinite Card is SC’s top of the line card which stands above Manhattan credit card but unfortunately doesn’t have any extraordinary benefits to be positioned under Visa Infinite variant. Benefits; Concierge; Offers; Benefits. For 1$ you’ve spent overseas, the 3 miles is just 1.2 KrisFlyer miles; which make it the same as Citi PremierMiles with their 1:1 ratio. Opting for the 35,000 miles means you’re paying as low as S$0.017 for one mile, which is a lot cheaper than a long haul KrisFlyer mile, estimated to be at S$0.025. Rewards points need to be redeemed in blocks, under your individual KrisFlyer account. The Standard Chartered Visa Infinite Card comes with a complimentary Priority Pass membership. Can I use SCVI to do that at a 1.6% fee just like the taxes? * Minimum spending conditions apply, see below Local earn rate: 1.4 miles per $1* It forms part of our series of credit card reviews, which are all summarised on our dedicated Credit Cards page. A typical administrative fee of 2% is charged (though this can vary according to the terms and conditions), and certain accounts may not be eligible for the feature at all. I believe it will only be an issue of your available credit limit, as there is no publicised upper cap. The SCVI is one of the few credit cards in Singapore allowing you to pay your income tax bill using your credit card and accrue the usual miles earning rate. Everything from fixed deposits to debit cards and much more are offered under one roof. 5.99 % p.a. Skip the airport queues altogether by booking a 10- or 12-seater luxury private jet via AsiaJet. And it makes sense that a travel credit card like the Standard Chartered Visa Infinite Card would be on your radar. Overseas earn rate: 3.0 miles per $1* And I would not recommend readers to take this card. Cardmembers get six complimentary visits to any Priority Pass lounge around the world per year, after which each visit will cost S$38. If you want to ride in style, book an UberExec. It does not. You will be given rewards points instead, which you need to redeem for miles, and these will be credited to your account 5 days after the statement cycle. That means, provided you hit the $2,000 minimum spend each statement cycle on this card, the earning rate is actually: Note that you are initially awarded 1 mile per $1 on all spending, then once the monthly statement is published the extra miles (0.4 locally or 2 overseas) are then added provided the $2,000 spending criteria was met. Save up to S$400 a year by travelling the hassle-free way. Instead of getting the miles directly, you get 87,500 rewards points redeemable for 35,000 miles or 62,500 rewards points redeemable for 25,000 miles and four S$25 Uber credits. You can add up to 99 of each ‘rewards block’ per transfer (e.g. Standard Chartered Priority Visa Infinite Credit Card Terms and Conditions. If you enjoy the finer things in life, you probably want your overseas trips to be as comfortable and pleasing to your senses as possible. If you want to ride in style, book an UberExec. Complimentary travel insurance coverage. As you can see, the Standard Chartered Visa Infinite lets you accumulate miles at a faster rate in the first 6 months. Plus The Ultimate Savings Guide for COVID-19 and Beyond, for free! The 35,000 welcome miles also makes a strong case for this card. In order to qualify for the welcome gift of 35,000 miles or 25,000 miles and S$100 Uber credits, you’ll have to pay the annual fee of S$588.50. Standard Chartered Visa Infinite Credit Card. Remember the golden rule – if you combine more than one block size (‘rewards code’) in a rewards to points conversion you’ll be charged $26.75 for each one! Of course if you can’t benefit from the IRAS or dining privileges or if you’re not getting the 50K renewal bonus then perhaps this card is not for you. If yachting is your thing, the Standard Chartered Visa Infinite can also get you privileged rates on your next luxury yacht. Eligible cardholders will be allowed access to all participating airport lounges under the program, based on one of the following entry types: -Entry type 1: Free entry for eligible cardholder only. While this facility is already available for any credit card through CardUp (see our article), the processing fee using the Standard Chartered method is 1.6%, compared to 2.6% with CardUp, so it’s therefore a much better deal to use the SCVI. Standard Chartered Visa Infinite Credit Card Review (India) Standard Chartered Visa Infinite Card is SC’s top of the line card which stands above Manhattan credit card but unfortunately doesn’t have any extraordinary benefits to be positioned under Visa Infinite variant. Another way of looking at it is that for your $588.50 fee, you’re ‘buying’ KrisFlyer miles for 1.68 cents each. It has been stated elsewhere that the Income Tax payment, which I assume you’re referring to here, counts towards your $2,000 spend a month to qualify for the higher earning rates. – Mainly Miles, Top 5 Travel Reward Cards in Singapore to Avail Extraordinary Perks | Buzzy USA, FAST and EASY Application for TOP 5 Credit Cards in Singapore! Beware the ‘Dynamic Currency Conversion’ (DCC) offer you’ll often experience overseas when paying with your Visa or MasterCard. What is the transfer cost to KrisFlyer miles? Other travel cards in this league offer complimentary airport transfers, but only Standard Chartered Visa Infinite gets you up to S$400 rebates in a year across all types of Uber cars. Realistically, most of our card spending will be local, which only gives you 0.56 KrisFlyer miles per dollar. Or if you’re travelling in a big group, book an ExecLarge. The minimum number of rewards points you can transfer into KrisFlyer is 2,500 (converting to 1,000 KrisFlyer miles). While premium travel cards offer similar privileges (HSBC Visa Infinite has complimentary one-way limousine airport transfer, for instance), the Standard Chartered Visa Infinite gives a wider range of lifestyle benefits both at home and overseas. Spend and be rewarded with Air Miles, Cash Rewards or Travel Credits with the metal X card. Existing Priority or Private Banking customers qualify for this credit card with a mere S$30,000 annual income (but given that you need S$200,000 to become a Priority Banking member, you probably won’t have difficulties meeting this requirement). Details have been scarce so far, but now that applications are open, here’s what we know about the X Card, its features, and most importantly, how that 100,000 miles sign up bonus works.. Standard Chartered Visa Infinite X Card Basics I really do get 3mpd (7.5points per $) forex spend and 1.4mpd (3.5 points per $) local spend. Principal and supplementary cardholders earn up to S$100 in savings per quarter for Uber rides in 395 cities worldwide. You’re given rewards points, which must be converted to miles. Always insist on paying in the local currency of the country you are in. Email address to follow Mainly miles and receive email notifications of new posts our recommendations for credit cards and similar... 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