Standard Chartered Manhattan $500 Card Review

Benefits and features of the Standard Chartered Manhattan $500 Card

Here are some of the features and benefits you can expect with this card:

• 0.25% cashback on all spend. Earn unlimited 0.25% cashback on all general spend, with no minimum spend required.
• Annual fee waiver. The card comes with a low annual fee of S$32.10 p.a. and is waived for the first year.
• Mastercard perks. Access to all standard Mastercard benefits such as personal protection, travel assistance, and all eligible Mastercard promotions when you use your card at participating merchants.

How to apply for the Standard Chartered Manhattan $500 Card

If you’ve compared your options and decided that this card is right for you, you can apply for this card by downloading and duly filling the application form. Alternatively, you may also head down to the nearest Standard Chartered Bank branch. Before you apply, make sure you comply with the eligibility requirements and have the necessary information and documents.

Eligibility criteria

• Singaporean or permanent resident
• Minimum annual income of at least S$18,000 p.a.
• Between 18 to 32 years of age

Required documents

• For salaried employee

  • Photocopy of your NRIC/Passport/Student ID (front and back)
  • If you’re 21 years old, your application needs to include your parent’s or guardian’s signature.
  • Latest computerised payslip; or
  • Latest 6 months’ CPF statement; or
  • Latest income tax notice of assessment and latest computerised payslip; or
  • Latest income tax notice of assessment and latest 6 months’ CPF statement

• For self-employed

  • Photocopy of your NRIC/Passport/Student ID (front and back)
  • If you’re 21 years old, your application needs to include your parent’s or guardian’s signature.
  • Lastest income tax notice of assessment (business must have been in operation for at least 2 years)

• For commissioned or variable income earner

  • Photocopy of your NRIC/Passport/Student ID (front and back)
  • If you’re 21 years old, your application needs to include your parent’s or guardian’s signature.
  • Lastest 3 months computerised payslip; or
  • Latest 6 months’ CPF statement; or
  • Lastest 3 months computerised payslip and income tax notice of assessment; or
  • Latest income tax notice of assessment (for 100% commission earner)

Frequently asked questions

• What is the monthly credit limit for this card?

  S$500.

• What are the qualifying transactions for cashback?

  You may earn cashback on all transactions made on the Standard Chartered Manhattan $500 Card, except the following:

  • Cash advance
  • Credit card funds transfer
  • Any card-related fees and charges
  • Any EasyPay instalment payments
  • AXS, SAM or ATM transactions
  • Gambling transactions
  • Insurance premiums
  • Tax payments or tax credits refunded to your card
  • Top-ups or cash value reload expenses
  • Recurring payments or payments made to all billing organisations
  • Unpaid balance rolled over from previous months’ statements
  • Any amount that is subsequently cancelled, voided, refunded or reversed.

• Should I only make the minimum payment each month?

  No, you should always strive to pay all your purchases in full each month instead of only the minimum amount due (which is 3% of the new balance or $50, whichever is greater). This is because the outstanding balance you roll over to the following month will incur a 25.99% p.a. interest charge, making it even more challenging for you to clear in the following month.

If you’re a student or just starting out on your first job, the Standard Chartered Manhattan $500 Card may be suitable for you. While its benefits aren’t impressive, you do earn cashback on your spendings and occasional dining and lifestyle deals at Mastercard’s partner merchants. However, this is not the only credit card in the market with a low-income requirement. So make sure to compare your options before applying.