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Standard Chartered Ultimate Credit Card

Product Details
Credit Card Name : 

Standard Chartered Ultimate Credit Card

Bank Name :

Standard Chartered Bank

Type :

General Credit Card

Interest Rate : 

3.75% every month or 45% annually

Eligibility :

Age: Applicant’s age should be between 21 and 65.
Monthly Income: Applicant should have a stable monthly income.
Other Requirements: Applicant should belong to credit cards sourcing cities/locations of the Bank.

Standard Chartered Ultimate Credit Card
Pros
  • Reward System: Customers can earn 5 reward points per INR 150 spent on all categories except fuel and utility bill payment. 1 RP =INR 1. Effective Cashback Rate: 3.33%. 

  • Travel Benefit: 5% cashback on duty free spends and access to over 1000 airport lounges across the world.

  • Other Benefits: Complimentary access to premier golf courses in the country. reduced foreign currency markup fee of 2% only. 

Cons
  • Very basic credit card. 

  • Does not provide shopping benefits and rewards. 

  • High joining fees.

Pros & Cons
Welcome Benefits

None 

Rewards System
  • Customers can earn 5 reward points per INR 150 spent on all categories except fuel and utility bill payment. 

  • 1 RP =INR 1. 

  • Effective Cashback Rate: 3.33%. 

International Forex Markup

IFM: 2%.

Welcome Benefits and Reward System
Special Features

Foreign Currency Mark-up: 2% Foreign currency Mark-up fees (3.5% charged at the time of transaction and 1.5% cashback within 60 days). 

Eligibility Criteria

Age: Applicant’s age should be between 21 and 65.
Monthly Income: Applicant should have a stable monthly income.
Other Requirements: Applicant should belong to credit cards sourcing cities/locations of the Bank.

Benefits
  • Decent effective cashback rate. 

  • Travel and Lifestyle Benefits. 

Speical Feature, Eligibility and Benefits
How to apply for Credit Card?
  • Visit the Standard Chartered credit card webpage [Standard Chartered Credit Cards].

  • Select the "Ultimate Credit Card" or find it through their comparison tool.

  • You'll likely find an "Apply Now" option on the card's webpage.

  • The application process should involve filling out a form with your personal details, income information, and employment details.

  • Standard Chartered offers Video KYC (verification) which allows you to complete the process virtually from your home.

Contact Details

011-66011500 / 011-39401500

Account Opening and Procedure
Standard Chartered Ultimate Credit Card Review

The card offers a low cashback rate of 3.33%. It offers limited value add benefits. Overall it is suited only for those individuals who undertake frequent international air travel.

Abhijeet Saxena

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 Fees: INR 5000 + GST.

  • Interest Rate: 3.75% every month or 45% annually.

  • Cash Advance Charges: 3% of the transacted amount, subject to a minimum fee of Rs. 300.

  • Late Payment Charges: Ranges from INR 100 to INR 1300. 

  • International Forex Mark-up fees: 2%.

  • Reward Redemption Fees: INR 99. 

Fuel Surcharge

1% fuel surcharge waiver is applicable. Maximum Rs. 1,000 each month.

Billing Cycle

30 Days

Fees & Charges
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