15% cashback for e-wallets and petrol spent
Highlights of the Standard Chartered Simply Cash Credit Card
Recently renamed to Simply Cash Credit Card from the previous JustOne Platinum Credit Card, Standard Chartered has also revised the cashback benefits for this new card. Before we get into the details, let’s see some of the highlights below.
- Highest cashback rate: 15%
- Highest cashback amount: RM20 for each spending category
- Minimum spend to earn the highest cashback amount: RM2,500 monthly
- Eligible spending categories to earn the highest cashback rate: Petrol, E-Wallet, Grocery plus Dining (these two are under one category)
- Eligible cardholder(s): Principal and Supplementary
Tell me more about the cashback benefits.
With Standard Chartered Simply Cash Credit Card, spending on everyday essentials can be rewarding and at the same time, helps you save some bucks every month. But how so?
Just spend on selected categories such as Petrol, E-Wallet, and Grocery plus Dining, and you can earn up to 15% cashback monthly. The cashback cap, on the other hand, is capped at RM20 monthly for each of the categories (remember, Grocery plus Dining are combined into one), subject to the cashback cap in each spend tier.
| Eligible Spending Amount | Cashback Reward for Petrol, E-Wallet, Grocery and Dining | Monthly Cap |
| < RM2,500 | 0.50% | RM12.50 |
| RM2,500 and above | 15% |
RM60
(RM20 each for Petrol, E-Wallet and Grocery plus Dining) |
Additionally, to be eligible for the cashback, you must spend with the participating merchants of the four spending categories mentioned above. Here’s a list we’ve compiled for your easy reference.
| Cashback Category | Participating Merchant |
| Petrol | All petrol stations nationwide |
| E-Wallet |
Boost E-Wallet GrabPay Lazada Wallet ShopeePay Touch ‘n Go E-Wallet |
| Grocery |
AEON AEON BiG Ben’s Independent Grocer Cold Storage ECONSAVE Everrise Giant Jaya Grocer Lotus’s Mercato Mydin Servay Village Grocer |
| Dining |
Merchant Category Code (MCC): MCC 5812 - Eating Places and Restaurants MCC 5814 - Fast Food Restaurants |
Enjoy an annual fee waiver with Simply Cash Credit Card
The credit card annual fee for Standard Chartered Simply Cash is RM250. No annual fee is charged to supplementary cardholders.
However, if you are a new Standard Chartered customer, you will be exempted from paying the annual fee for the first year.
Beneficial credit lines from Standard Chartered
If you're looking to manage your finances and get a better cash flow, Standard Chartered can assist you with their flexible credit lines.
We already mentioned a couple of the credit lines above namely the FlexiPay Plus and Balance Transfer Plus. To recap, you can stretch the payment of an item into flexible instalments with low interest via the FlexiPay Plus program. Meanwhile, for the latter program, you can transfer your credit card debt from other banks to a new Standard Chartered credit card with a lower interest rate over longer repayment tenures.
Other than those two, you can also enjoy other credit lines that are as beneficial such as the following list.
- Easy-Payment-Scheme: You can convert items into a 0% easy payment scheme over flexible tenures only with selected merchants such as Machines, Harvey Norman, Poh Kong and many more.
- Cash-On-Call Plus: You can get extra cash at hand from your credit card with a fixed interest rate of 9.88% p.a. for up to 60 months.
- Automatic Balance Conversion: It’s a by-invitation-only program where you’re able to pay off your credit card outstanding balance with much lower interest over a longer instalment period.
Mastercard e-commerce purchase protection
This is a special feature to benefit from for Simply Cash Credit Card holders. If you tend to shop online internationally, you can get your items covered up to USD200. This protection plan is offered by AIG Malaysia Insurance Berhad for the following occurrences. You can find more details of this benefit in the T&C here.
- Non-delivery and/or incomplete delivery of goods and shipping charges (applicable within 30 days of the scheduled delivery)
- Improper functioning/physical damage of the goods
What happens if I do not make a repayment on time?
There will be a finance charge incurred on the outstanding credit card balance that is overdue. This finance charge, ranging from a minimum of 15% per annum to a maximum of 18% per annum, is tiered based on the user's repayment behaviour in the last 12 months.
See the table below for reference:
| Annual Rate | Condition |
| 15% | Cardmembers who promptly settle their Minimum Monthly Payment due for 12 consecutive months. |
| 17% | Cardmembers who promptly settle their Minimum Monthly Payment due for 10/11 months in the last 12 consecutive months. |
| 18% | Cardmembers who make 9 months or less prompt payments of their Minimum Monthly Payment in the last 12 consecutive months. |
For example, if within 12 months from the card approval date you have missed 3 credit card repayments consecutively, an 18% per annum finance charge will be levied on the credit card outstanding balance.
After you have managed to consistently repay your credit card outstanding balance promptly and in full for 12 consecutive months, the finance charge will default to the minimum.
What are the required documents to make an application?
If you are a salaried employee, please prepare the following documents.
Private sector:
- Copy of your IC (both sides); and
- Latest 2 years of EPF statements (PDF copy downloaded from the KWSP i-Akaun website/ mobile app)
Public sector:
- Copy of your IC (both sides); and
- Latest Form B/BE and the Acknowledgement Summary Page (click here to see the guidelines)
If you are a commission earner, please prepare the following documents.
Private sector:
- Copy of your IC (both sides); and
- Commission statement and bank statement
Public sector:
- Copy of your IC (both sides); and
- Latest Form B/BE and the Acknowledgement Summary Page (click here to see the guidelines)
If you are self-employed, please prepare the following documents.
- Copy of your IC (both sides); and
- Latest Form B/BE and the Acknowledgement Summary Page (click here to see the guidelines)
Note: Effective 13 May 2024, please ensure that "Account 3" is shown in the downloaded EPF statement.
