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Double your cashback with Unlimited$aver

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Double your cashback with Unlimited$aver

Unlimited$aver

Been scoring 1.5% cashback with your Standard Chartered Unlimited Cashback Credit Card? Now you can unlock our highest cashback* of 3% with Unlimited$aver.

How it Works

Unlimited$aver is a savings account linked to your Unlimited Cashback Credit Card, allowing you to enjoy up to 3% cashback when you deposit funds in your Unlimited$aver account.

Here’s how:

Balance in Unlimited$aver
Unlimited Cashback (A)
Bonus Cashback (B)
Total Cashback

(A) + (B)

Less than S$100,000 1.5% 1.5%
S$100,000 or more 1.5% Up to^ 1.5% Up to^ 3%

^ Bonus Cashback is capped at S$100 per month. Depending on the total Eligible Spends on your Unlimited Cashback Credit Card in the Month, the total cashback earned may be less than 3% of your total Eligible Spends for the Month due to the cap of S$100 on Bonus Cashback per Month.

 

^ Bonus Cashback is capped at S$100 per month. Depending on the total Eligible Spends on your Unlimited Cashback Credit Card in the Month, the total cashback earned may be less than 3% of your total Eligible Spends for the Month due to the cap of S$100 on Bonus Cashback per Month.

Key Charges

Service
Charges
Minimum initial deposit S$0
Fall-below fee S$5 per month if average daily balance for the month falls below S$3,000
Monthly service charge S$0
Early account closure fee (within 6 months) S$0

Eligibility & Documents

Eligibility

  • Nationality: Singapore citizen / Singapore permanent resident / foreigner
  • Age requirement: Minimum 21 years old
  • Must be a principal cardholder of a Standard Chartered Unlimited Cashback Credit Card

Documents Required

  • Mandatory supporting documents for Singapore citizens and permanent residents:
    • NRIC (front and back)
  • Mandatory supporting documents for foreigners:
    • Passport
    • Employment Pass
    • Any of the following documents:
      • Utility bill within the last 3 months
      • Bank statement within the last 3 months
      • Letter from the human resource department of current employer stating address
      • Government-issued documents stating address (e.g. IRAS, CPF, ICA)
      • Telecommunications bill within the last 3 months
      • Tenancy agreement
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PROMOTION FOR NEW UNLIMITED$AVER ACCOUNT HOLDER AND UNLIMITED CASHBACK CREDIT CARDHOLDER

FAQs

    • You would need to apply for an Unlimited$aver account and deposit the minimum Qualifying Balance as per what we have indicated in the table above.
    • To earn additional cashback, you must be the principal cardholder of an Unlimited Cashback Credit Card (which must be linked to your Unlimited$aver account of which you are the primary account holder).
    • “Qualifying Balance” is defined as the average daily balance for the calendar month preceding the statement month of your Unlimited Cashback credit card. For the month in which the Unlimited$aver account is opened, the Bank may consider the higher of the month end balance and average daily balance for that month as the Qualifying Balance.
    • Note that total cashback earned may not be 3%  if bonus cashback exceeds the S$100 monthly cap.
    • If your account is successfully opened, you will receive an account opening letter / e-advice informing you of the account number for your new Unlimited$aver account.
    • You can transfer funds into your new Unlimited$aver account to meet the minimum Qualifying Balance criteria for your Unlimited$aver account
    • If you have met the minimum Qualifying Balance and all the requirements as per our Unlimited$aver Product Terms , you would be eligible to earn bonus cashback on eligible spend on your Unlimited Cashback Credit Card.

    As an example:

    • Arya opened an Unlimited$aver account on 15th May 2020
    • She deposited $100,000 in the account and continued to maintain min. $100,000 throughout June 2020.
    • In this case, her Qualifying Balance for May 2020 is $100,000
    • Arya’s eligible spend in her Unlimited Cashback card statement for June 2020 will be eligible for bonus cashback.
    • Her June statement is dated 22nd June 2020. Therefore, her eligible spend for the period 23rd May to 22nd June 2020 will be eligible for bonus cashback.
    • This bonus cashback will be reflected in Arya’s July statement dated 22nd July 2020.
    • She may see one or more cashback credits, the sum of which will reflect the total cashback that she earns on her June statement eligible spend including the bonus cashback.
  • Click here for more FAQs.

Terms & conditions

Deposit Insurance Scheme

Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$75,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.