Standard Chartered Platinum Rewards Credit Card
Product Details
Credit Card Name :
Standard Chartered Platinum Rewards Credit Card
Bank Name :
Standard Chartered Bank
Type :
Premium Credit Card
Interest Rate :
3.75% per month (45% per annum)
Eligibility :
The applicant should be between 21 to 65 years of age.
The applicant should have stable income.
The applicant should reside in the credit card sourcing city or location of the bank.
Pros
Welcome Benefits: None.
Reward System: Get 5 reward points on spending INR 150 on fuel and dining. Value of 1 reward points = INR 0.25. Dining and fuel cashback rate = 0.83%. Ger 1 reward point on spending INR 150 on all other categories. Effective general cashback rate = 0.17%.
No cap on reward points.
0 annual fee and joining fee.
Cons
No free movie tickets.
No free lounge visits.
No value add benefits.
No milestone benefits.
No welcome benefits.
Pros & Cons
Welcome Benefits
None
Rewards System
Reward System: Get 5 reward points on spending INR 150 on fuel and dining. Value of 1 reward points = INR 0.25. Dining and fuel cashback rate = 0.83%. Ger 1 reward point on spending INR 150 on all other categories. Effective general cashback rate = 0.17%.
International Forex Markup
3.5%
Welcome Benefits and Reward System
Special Features
No cap on reward points.
Eligibility Criteria
The applicant should be between 21 to 65 years of age.
The applicant should have stable income.
The applicant should reside in the credit card sourcing city or location of the bank.
Benefits
Fuel cashback.
Dining cashback.
Speical Feature, Eligibility and Benefits
How to apply for Credit Card?
Visit the Standard Chartered website: Choose the Platinum Rewards Credit Card.
Click on "Apply Now": Fill out the online application form with your personal and financial information.
Documents: Upload scanned copies of required documents like PAN card, address proof, etc.
Review and submit: Review your application thoroughly before submitting it.
Decision: Standard Chartered will review your application and let you know their decision within a few days.
Card receipt: If approved, you'll receive your card within a few weeks.
Contact Details
6601 4444/3940 4444 (Available between 7:00 a.m. - 11:00 p.m.) 66011500/39401500/1800 425 1000/1800 345 5000 (Available 24x7)
Account Opening and Procedure
Standard Chartered Platinum Rewards Credit Card
The Standard Chartered Platinum Rewards Credit Card is a good option for those who want a basic rewards card with no fuss and a low annual fee. It's ideal for everyday spending, especially on dining and fuel, but might not be the best choice for those seeking high rewards rates or extensive benefits. Consider your spending habits and compare with other cards before making a decision.
Abhijeet Saxena
Abhijeet Saxena
Nalsar University of Law
Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi
Ex - Khaitan & Co. Bengaluru,
Ex - National Stock Exchange, Mumbai,
Ex - Argus Partners, Mumbai
Product Review
Fees & Charges
Joining and Annual Fees: NIL
Late Payment Fee: Up to Rs. 1,000 depending on the outstanding amount.
Cash Advance Fee: 3% of the withdrawal amount with a minimum of Rs. 300.
Foreign Transaction Fee: 3.5% of the transaction amount.
Minimum Card Usage Penalty: Rs. 250 + GST if you spend less than Rs. 500 within 30 days of card issuance (applicable only for digitally submitted applications).
Statement Outstanding Balance Charges: Ranging from Rs. 0 to Rs. 1,200 depending on the outstanding amount.
Fuel Surcharge
You get a 1% fuel surcharge waiver on all fuel spends.
Billing Cycle
30 Days