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Standard Chartered Smart Credit Card: A Smart Choice for Online Shoppers



Introduction: Standard Chartered Smart Credit Card-


If you are looking for a credit card that offers cashback on all your online and offline spending, you might want to consider the Standard Chartered Smart Credit Card. This card, launched by Standard Chartered Bank in January 2022, is an entry-level card that comes with a nominal annual fee of Rs. 499, which can be waived off if you spend Rs. 1,20,000 or more in a year. In this article, we will review the features, benefits and drawbacks of this card and help you decide if it is a smart choice for you.


Features of Standard Chartered Smart Credit Card:


  • You get 2% cashback on all your online transactions, up to a maximum of Rs. 1,000 per month.

  • You get 1% cashback on all your offline transactions, up to a maximum of Rs. 500 per month.

  • You get an extended interest-free period of 90 days from the date of card issuance, during which you only need to pay the minimum amount due every month.

  • You can convert your purchases into EMI at a 0.99% interest rate for a tenure of 3 months, without any processing fee.

  • You get zero liability protection in case of any fraudulent transactions on your card, if you report them to the bank in time.

  • You can access the Reward 360 portal to redeem your cashback or avail other offers from Standard Chartered Bank.


Benefits of Standard Chartered Smart Credit Card

 

  • The card is ideal for online shoppers who want to save money on their purchases. You can earn up to Rs. 18,000 cashback in a year with this card.

  • The card is also good for those who need some flexibility in paying their bills. You can enjoy a longer interest-free period for the first 90 days and convert your purchases into affordable EMIs later.

  • The card is easy to get and maintain. You only need a minimum income of Rs. 15,000 per month to apply for this card and you can waive off the annual fee by spending Rs. 1,20,000 or more in a year.

  • The card can also be a gateway to get the Standard Chartered Ultimate Credit Card, which is a super premium card that offers more rewards and benefits. You can upgrade to the Ultimate Card if you have a high credit limit (>4L) on your Smart Card.


Drawbacks of Standard Chartered Smart Credit Card

 

  • The card does not offer any welcome benefits for existing Standard Chartered customers. You only get an extended interest-free period if you are a new customer.

  • The card does not offer any complimentary airport lounge access or other travel benefits. If you are a frequent flyer, you might want to look for other cards that offer these perks.

  • The card does not offer any cashback on fuel transactions. You might want to use another card that offers fuel surcharge waiver or cashback on fuel spends.

  • The card has a low cashback rate for offline spending. You only get 1% cashback on offline transactions, which could have been higher.


Conclusion

 

The Standard Chartered Smart Credit Card is a simple and straightforward cashback card that offers decent savings on online and offline spending. It also offers some flexibility in paying your bills and an opportunity to upgrade to a better card later. However, it does not offer any welcome benefits for existing customers or any travel benefits or fuel benefits. It also has a low cashback rate for offline spending. Therefore, it might not be suitable for everyone.

 

If you are looking for a credit card that offers cashback on all your spending without any conditions, and you spend mostly online, then this card might be a smart choice for you. However, if you are looking for more rewards and benefits, or you spend more offline or on fuel or travel, then you might want to explore other options.


Standard Chartered Bank:


Standard Chartered Bank is a global bank that offers a range of banking products and services for individuals, businesses and institutions. It operates in more than 60 markets, with a focus on Asia, Africa and the Middle East. It has a history of over 150 years and a vision to be the world's leading international bank.

Some of the benefits of banking with Standard Chartered are:

 

  • Access to online and mobile banking platforms that enable you to manage your finances anytime, anywhere

  • A variety of credit cards, loans, accounts and deposits that suit your needs and preferences

  • A wealth management service that helps you plan, invest and grow your wealth

  • A priority banking service that offers you exclusive privileges, rewards and solutions

  • A business banking service that supports your business growth with tailored solutions and expertise

  • A corporate and institutional banking service that connects you to opportunities across the world's most dynamic markets


FAQs:


  1. What is the eligibility criteria for the Standard Chartered Smart Credit Card?

  2. What are the benefits of the Standard Chartered Smart Credit Card?

  3. What are the drawbacks of the Standard Chartered Smart Credit Card?

  4. What are the fees and charges associated with the Standard Chartered Smart Credit Card?

  5. What is the rewards redemption fee for the Standard Chartered Smart Credit Card?

  6. What is the international forex markup fee for the Standard Chartered Smart Credit Card?

  7. How can I apply for the Standard Chartered Smart Credit Card?

  8. What is the ATM withdrawal limit for the Standard Chartered Smart Credit Card?

  9. What is the interest-free period for the Standard Chartered Smart Credit Card?

  10. What is the minimum amount due for the Standard Chartered Smart Credit Card?



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