Credit Cards, Promo
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Get 40,000 miles when you sign up for Standard Chartered Bank X Card

No minimum spend required, but you will need to fork out $695.50 for the annual fee (1.7 cents per mile)

SingSaver is currently running a sign-up promotion for SCB’s X Card, offering 40,000 miles as a sign-up gift if you pay the $695.50 annual fee, up from the usual 30,000 miles.

This offer effectively lowers the 2.3 cents per mile you would normal pay for to 1.74 cents per mile.

How to apply

The promotion mechanics are pretty straightforward: simply apply through SingSaver’s website. The bonus miles will be credited to your account directly, there is no need to fill up a separate redemption form.

SingSaver promotion -get 40,000 miles instead of the usual 30,000 miles when you pay the annual fee on the SCB X Card

The 40,000 miles will be transferred in the form of 100,000 360° Rewards Points that you can use on 11 different partners (see below).

Note that the annual fee is $695.50 cannot be waived.

An overview of the card:

  • Income requirement: S$80,000 p.a. (or $30,000 p.a. for Priority Banking customers)
  • Annual fee: S$695.50 for principal cardmembers, S$107 for supplementary cards
  • Annual fee gift: 30,000 miles (in the form of 75,000 reward points)
  • Earn rates: 1.2 mile per dollar spent (mpd) locally; 2.0 mpd overseas
  • Foreign currency transaction fee: 3.5%

What’s noteworthy is that Standard Chartered also boast of the widest range of airline transfer partners, with 11 partners under its fold. The transfer ratio varies though, so this is what you’ll get with 100,000 360° Rewards Points:

Loyalty ProgrammeTransfer Ratio100,000 360° Rewards Points
will give you:
Singapore Airlines Krisflyer2.5:140,000 miles
EVA Air Infinity Mileageland2.5:140,000 miles
Air France KLM FlyingBlue2.5:140,000 miles
Qantas Frequent Flyer2.5:140,000 points
Malaysia Airlines Enrich3:133,333 miles
Qatar Airways Privilege Club3:133,333 miles
Etihad Guest3:133,333 miles
United MileagePlus3.5:128,571 miles
Lufthansa Miles & More3.5:128,571 miles
Emirates Skywards3.5:128,571 miles
Accor Live Limitless5:120,000 points
IHG Rewards Club2.5:140,000 points

Best offer seen in 2019: 100,000 bonus miles

Standard Chartered Bank’s famed X Card has created a huge wave last year with its humongous 100,000 bonus miles offer, even though that meant spending $6,000 on the card.

This offer ran out in days, given the ‘overwhelming response’ and SCB even cut short the promotion. But, SCB return a short while later but at a reduced level of 60,000 miles, also at $6,000 minimum spend.

This again, ran out quickly. Since then, it was only the sign-up offer, i.e. 30,000 bonus miles for $695.50, making it poor value from any perspective.

Final thoughts

We have not seen any decent sign-up promotions from SCB in a while since its launch, so I guess this is as good as it can get – for now.

Having said that, without the sign-up bonus, there’s really no reason to have this card. It’s abysmal earn rate of 1.2 or 2.0 mpd for local or overseas spending pales – or at best equals to – other travel-related cards. You can easily find a card that has a much better earn rate, such as the UOB PRVI card at 1.4 mpd for local spend and 2.4 for overseas spend.

So the only upside to this card is probably the fact that you can transfer points to some lesser-known frequent flyer programme, such as Emirates Skywards. Even then, if you really don’t need the miles at this point, maybe it’s a good time to pass.

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