Score S$188 This Lunar New Year With Bonus$aver
Lunar New Year is often about red packets, fresh starts and getting your money in better shape.
Standard Chartered’s Bonus$aver Lunar New Year Sign-Up Promotion is one of those deals that looks attractive — S$188 cashback — but comes with details you really want to understand before jumping in.
What is this Bonus$aver Lunar New Year Promotion?
Between 1 February 2026 and 31 March 2026, Standard Chartered is offering a S$188 cashback sign-up reward when you open a Bonus$aver Account and a Bonus$aver World MasterCard credit card, and park at least S$50,000 in fresh funds for a short period.
Think of it as:
You bring in a sizeable pot of new money, keep it there for a while, and the bank thanks you with S$188 credited to your card.
Step 1: Apply for both the account and the card
To qualify, you must:
- Apply for a Bonus$aver current/cheque account as the main account holder; and
- Apply for a Bonus$aver World MasterCard credit card as the principal cardholder.
Both applications must be submitted during the promo period and approved by the bank.
Also important:
You must be “new” to Bonus$aver in the sense that you have not had a Bonus$aver account or Bonus$aver Credit Card suspended, cancelled or terminated in the last 12 months.
Step 2: Bring in S$50,000 in fresh funds
This is the big condition.
You need to:
- Deposit at least S$50,000 into your new Bonus$aver Account at the time of account opening.
- The money must be “fresh funds”:
- Not transferred from any existing Standard Chartered account, and
- Not money that was withdrawn from the bank and re-deposited within the last 30 days.
An easy way to think of it:
The bank wants new money coming in from outside, not internal shuffling.
Step 3: Keep the S$50,000 parked for a bit
Once the S$50,000 is in:
- You must maintain at least that amount until the end of the calendar month after your account-opening month.
Example:
- Open the account on 10 February
- You must keep at least S$50,000 in the account until 31 March
So the money is effectively “committed” for a few weeks to a couple of months, depending on when you open the account.
On top of that:
- Your Bonus$aver Account and Bonus$aver Credit Card must remain:
- Active
- In good standing
- Properly conducted (no serious issues or misuse)
The bank decides this at its own discretion.
What do you get? The S$188 Cashback
If you meet all the conditions above, you receive:
- S$188 Cashback (one-time)
This S$188 is credited to your principal Bonus$aver Credit Card account, not the savings account.
When will you get it?
The cashback will be credited within 90 days from the later of:
- The date you activate your Bonus$aver Credit Card, or
- The date you deposit the S$50,000 into your Bonus$aver Account.
So you should be prepared to wait up to around three months before seeing the S$188 appear.
How long do you have to use the cashback?
Once the cashback is credited:
- You have 6 calendar months from your card activation date to use it (by spending on the card).
- Any unused cashback after 6 months is forfeited — it disappears and you don’t get compensation.
The bank also reserves the right to decide which card account to credit the cashback to if there is any ambiguity.
You only get this once under the promotion, regardless of how many accounts/cards you open.
Can the bank claw back the cashback?
Yes.
If the bank later decides that:
- You didn’t actually meet the eligibility criteria, or
- Something about your account conduct doesn’t meet their standards,
it can:
- Claw back the S$188 credited to your Bonus$aver Credit Card; or
- Debit the amount from any of your accounts with the bank.
Can this be combined with other promos?
In general, no.
Unless specifically stated, this Lunar New Year Promotion cannot be used together with other offers, discounts, rebates, vouchers or promotions.
So if you’re eyeing another Bonus$aver or card promotion, you’ll need to check which one applies and whether they can stack (most of the time, they don’t).
What else should you know?
- These promo terms sit on top of the bank’s usual:
- Customer Terms
- Current/Cheque/Savings Account and Time Deposit Terms
- Bonus$aver Product Terms
- Credit Card Terms
If there’s a clash between those and this promo, these Lunar New Year promo terms win for this specific offer.
- The bank can change, extend, shorten or cancel the promotion, and modify the terms, at any time, with or without prior notice.
- The bank’s decision on:
- Whether you’re eligible
- How much cashback you’re entitled to
- Any disputes
is final and binding.
Who is this for?
This promotion tends to work best if:
1. You have at least S$50,000 you can set aside temporarily
If this is money you already keep as cash savings or an emergency fund, and you’re comfortable parking it for a month or two, then earning S$188 on top can be attractive.
2. You don’t mind using the Bonus$aver Credit Card
Because the cashback is credited to the card, this is more useful if you’ll actually spend on the card in the next 6 months so the cashback can offset your expenses.
3. You’re new to Bonus$aver (or have been away for over 12 months)
If you haven’t held a Bonus$aver account or card recently, you’re in the right group to qualify.
4. You’re comfortable with conditions and timelines
You should be the kind of person who:
- Tracks dates (account opening, card activation, 90-day window, 6-month usage window), and
- Is okay reading and following terms — at least at a basic level.
If you prefer “no-strings-attached” deals, this may feel a bit structured.
Final takeaway: Is the S$188 worth it?
You’re putting in:
- S$50,000 in fresh funds,
- Keeping it parked for at least until the end of the following month, and
- Managing a new bank account and credit card.
In return, you get:
- S$188 cashback,
- Credited to your credit card,
- Which you can use over the next 6 months, as long as you remember to spend it.
If you already have the funds ready and like to optimise your cash, this promotion can be a neat seasonal boost.
If S$50,000 is a stretch or you prefer not to commit that amount for any period, it might not be the right fit.