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Standard Chartered Rewards Credit Card

Standard Chartered Rewards Credit Card

उत्पाद विवरण
Joining Fee: 

Renewal Fee: 

Card Type:

Reward Type:

Welcome Benefits:
0

Rewards & Benefits

Welcome Benefits

 On spending INR 2,000 or more in the first sixty days, the user can get 2,000 reward points.

Milestone Benefits

annual fee reversal on spending inr 1,00,000 on the card.

Cashback Rate

cashback rate: 1. cashback rate: 1. cashback rate: 0.

Lounge Access

0

Movie Benefits

8

Dining Benefits

Other Benefits

reward system: users will get 10 points for spending of every inr 150 on dining, movies, departmental stores and grocery spending. value of 1 point = inr 0. 25. effective 6%. 1 reward points on all other spend per inr 150. effective general 25%. 1 reward point of inr 100 on all other spends. effective general 16%.

दोष
  • Low rewards on other categories: Only 1x reward point for every INR 150 spent on other categories, which is comparatively low compared to many other credit cards.

  • Limited bonus categories: Rewards are only significantly boosted for dining and fuel, neglecting other common spending categories like groceries, shopping, or travel.

  • Foreign currency transaction charges: 3.5% + GST on foreign currency transactions, which can be high compared to some cards offering competitive forex rates.

  • High late payment fees: Late payment fees are quite high at Rs. 500 + 2.5% of the outstanding balance.

  • Limited availability: Standard Chartered Rewards Credit Card might not be available in all countries or regions.

  • Reward System: Users will get 4 rewards on all retail spends per INR 150 spent on credit card. Value of 1 reward point = INR 0.30. Cashback rate: 0.8%. Additionally, 4 reward points per INR 150 on monthly retail spend above INR 20,000 (max. 2000 bonus reward points per statement cycle). 1 reward point for every INR 150 spent on government and insurance categories. Govt cashback rate: INR 0.3%.

  • Special cashback rate above 20,000: 1.6%.

  • Users will get complimentary lounge access, 1 per calendar quarter. 

पक्ष विपक्ष
Welcome Benefits

None 

पुरस्कार प्रणाली
  • Reward System: Users will get 4 rewards on all retail spends per INR 150 spent on credit card. Value of 1 reward point = INR 0.30. Cashback rate: 0.8%. Additionally, 4 reward points per INR 150 on monthly retail spend above INR 20,000 (max. 2000 bonus reward points per statement cycle). 1 reward point for every INR 150 spent on government and insurance categories. Govt cashback rate: INR 0.3%.

  • Special cashback rate above 20,000: 1.6%.

अंतर्राष्ट्रीय विदेशी मुद्रा मार्कअप

Up to: 3.5%

स्वागत लाभ और पुरस्कार प्रणाली
विशेष लक्षण

None 

Eligibility Criteria

The applicant should be between 21 and 65 years of age.
The applicant should have a stable monthly income.
The applicant should belong to any of the sourcing locations of the Standard Chartered Bank.

फ़ायदे


  • 4x reward points on all retail spend.

  • No monthly cap on rewards.

  • Complimentary lounge access.

विशेष विशेषता, पात्रता और लाभ
क्रेडिट कार्ड के लिए आवेदन कैसे करें?

Online:

  1. Visit the Standard Chartered website and select the credit card you want to apply for.

  2. Click on the "Apply Now" button.

  3. Fill out the online application form.

  4. Submit your application.

सम्पर्क करने का विवरण

6601 4444/3940 4444 (Available between 7:00 a.m. - 11:00 p.m.) 66011500/39401500/1800 425 1000/1800 345 5000 (Available 24x7)

खाता खोलने की प्रक्रिया और प्रक्रिया

विशेष विशेषता, पात्रता और लाभ

Pros:-

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Cons:-

  • Reward System: Users will get 4 rewards on all retail spends per INR 150 spent on credit card. Value of 1 reward point = INR 0.30. Cashback rate: 0.8%. Additionally, 4 reward points per INR 150 on monthly retail spend above INR 20,000 (max. 2000 bonus reward points per statement cycle). 1 reward point for every INR 150 spent on government and insurance categories. Govt cashback rate: INR 0.3%.

  • Special cashback rate above 20,000: 1.6%.

  • Users will get complimentary lounge access, 1 per calendar quarter. 

  • Low rewards on other categories: Only 1x reward point for every INR 150 spent on other categories, which is comparatively low compared to many other credit cards.

  • Limited bonus categories: Rewards are only significantly boosted for dining and fuel, neglecting other common spending categories like groceries, shopping, or travel.

  • Foreign currency transaction charges: 3.5% + GST on foreign currency transactions, which can be high compared to some cards offering competitive forex rates.

  • High late payment fees: Late payment fees are quite high at Rs. 500 + 2.5% of the outstanding balance.

  • Limited availability: Standard Chartered Rewards Credit Card might not be available in all countries or regions.

For people who would rather use their credit card for regular purchases, the Standard Chartered Rewards Credit Card can be a good choice. With this card, you can earn up to 8x Reward Points on your purchases (including the base reward rate and milestone rewards), which translates into significant savings.

Standard Chartered Rewards Credit Card

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

उत्पाद समीक्षा
फीस एवं प्रभार
  • No Joining Fee

  • Annual Fees: INR 1000 + GST

  • Cash Advance Charges: ATM withdrawals: 3% of cash withdrawal amount subject to a minimum of Rs. 300. 

  • Interest Rate: 3.75% pm (APR of 45%)

  • Late Payment Charges: Ranges from Rs. 100 to Rs. 1200. 

  • Foreign Currency Markup Fees: 3.5% transaction fee. 

ईंधन अधिशुक्ल

1% fuel surcharge waiver on all fuel spends.

Billing Cycle

30 Days

फीस एवं प्रभार
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