• Fast Food Dining : Burger King, KFC, Mcdonald’s, Subway
• Coffee and Toast : Toast Box, Ya Kun Kaya Toast
• Digital subscriptions : Disney+, Netflix, Spotify, Youtube
• Daily commute : Bus and MRT via SimplyGo

(see Buffs/Nerfs for more information)

• You can redeem either cashback or miles, but unless you eat $500 of fast food every month, it would not be worth converting the points to miles as the minimum amount of conversion points required is 10,000 points— you will likely end up with orphan points. In addition, each miles transfer requires you to pay a transfer fee. Therefore, I would opt for cashback as 6% cashback is a great deal.

• There is a weird expiry policy on the card (see FAQ for more)

• Best used on local transactions; using it in foreign spends will incur you a 3.5% foreign currency fee while earning only 0.5% cashback on your spending

Exclusion List:

a. any cash advance;

b. any Credit Card Funds Transfer;

c. any monthly instalment of an EasyPay transaction;

d. any amounts charged to your Smart Card that is subsequently cancelled, voided, refunded or reversed;

e. AXS, SAM or ATM transactions made using your Smart Card;

f. any insurance premiums charged to your Smart Card;

g. recurring payments (being automatic payments where the Smart Cardholder or supplementary Smart Card cardholder has given a one-time authorisation or instruction for the merchant to charge the payment directly to his/her Smart Card at a fixed interval, such as transactions made pursuant to Standard Chartered Bank (Singapore) Limited’s 0% Interest Instalment Plan) or payments made to all billing organisations using Standard Chartered Online Banking or mobile app;

h. any fees or charges (including but not limited to annual card fees, service fees, interest charges, cheque processing fees, administrative fees, finance charges, and/or late payment charges and other miscellaneous fees and charges);

i. amounts which have been rolled over from any preceding month’s statement;

j. tax refunds credited into your Smart Card;

k. charges incurred but not submitted or posted to your Smart Card account during the Smart Card Promotion Period;

l. any fraudulent retail transaction;

m. any payments related to betting (including lottery tickets, casino gaming chips, off-track betting, and wagers at race tracks) through any channel charged to your J Smart Card;

n. any top-ups or payment of funds to any prepaid cards and any prepaid accounts including without limitation:

• any transaction classified under either of the following Merchant Category Codes:
  • Financial Institutions – Merchandise, Services, and Debt Repayment (6012); or
  • Non-Financial Institutions – Stored Value Card Purchase/Load (6540); and
• any top-ups or payment of funds to the following accounts or any other accounts as we may specify from time to time:
  • EZ LINK PTE LTD
  • EZLINK*
  • TRANSIT LINK*
  • EZ LINK PTE LTD (FEVO)
  • EZ LINK
  • TRANSIT LINK PL
  • EZ-LINK PTE LTD SINGAPORE
  • EZLINKS.COM
  • TRANSIT
  • EZ-LINK TOP-UP KIOSK
  • FLASHPAY ATU
  • PAYPAL * BIZCONSULTA
  • EZ-LINK (IMAGINE CARD)
  • TRANSITLINK*
  • PAYPAL * CAPITALROYA

o. any transactions under these MCCs:

Here’s the Summary of Changes:

Buffs:

• Cashback of up to 10% on Bonus Categories:
  • Smart Dining, Smart Streaming, and Smart Transport

• Additional Merchants:

• Unlimited Cashback:

  • Monthly cap of 14,400 Rewards Points will be removed

• SmartDelay™:

  • Get complimentary lounge access in case of flight delays, effective 15 January 2025

Nerfs:

• Changes in Bonus Category:

  • for spends less than S$800, the cashback will drop to 4% (only until 31 March 2025) then it will reduce to 0.5% effective 1 April 2025.

• Annual Fee:

  • Waived for the first 12 months, then a S$91 annual fee (excluding GST) will be charged on your account from 6 December 2025.

• Installment Conversion fee

  • a new processing fee will apply for 3-month instalment conversions effective 8 December 2024

• Effective Interest rate:

  • The Effective Interest Rate (“EIR”) will be reverted to the base rate of 27.9% per annum

Read FAQs here

These changes are effective from the December 2024 statement cycle onwards.

The biggest drawback would probably be the addition of minimum spend requirement. These changes seem to point towards benefitting those who spend more than S$1,500 or more on the current and new merchants with the uncapped 10% cashback potential. 

• No minimum spend
• No annual fee
• 6% cashback with no minimum spend criteria is unheard of in cashback credit cards

• Limited merchants
• Bonus 360° Reward Points capped at 14,400 per month (equivalent to S$818 Spending cap at 6% earn rate)
• have to manually redeem cashback or miles
• Reward points expire 3 years from your card opening date. (See FAQ for more)

• How do I redeem for my cashback with my Rewards Points: you can redeem the cashback via the bank’s Online Rewards Page. Cashback can be redeemed in blocks of S$10. Every 3,200 of 360° Reward Points entitles you to a S$10 cashback for your Smart Credit Card.
• When do the 360 reward points expire: The points expire 3 years from your card opening date, which is very strange. Your points earned the day before your 3rd year card anniversary date could just expire the next day. You could set a redemption reminder date 3 years from your card opening date. Alternatively, you could keep the points in your account low by doing regular redemption. This way, even if you forget, all is not lost.
• Is there a an expiry date on 360 Rewards with other cards: SCB Journey Card points don’t expire, unlike the SCB Smart Card, SCB Rewards+, and other points-earning cards, which have expiry dates.

Read Terms and Conditions here

Changes Effective 6 December 2024 FAQs