Our Money Guide

Standard Chartered Rewards Credit Card is an attractive card from an annual fee perspective. Annual fee is reversed if you spend ₹1.50 lakhs a year on the card. In case you do not qualify for this annual fee waiver, you are given reward points equivalent to the annual fee of the card.

The card also offers complimentary domestic airport lounge access, once per quarter. However the reward rates on card spending are comparatively low.

StanC Rewards Card

Brief Summary

Our Rating
4.0 / 5

Our View :

5% cashback on fuel, phone bills and utility bills but only on low monthly spend amounts – monthly fuel purchases of ₹4000 , monthly phone bill payments of ₹4000 , and monthly utility bill payments of ₹2000.

Welcome offer of ₹1500 compensates for the 1st year annual fee , while annual fee from the 2nd year onwards is not charged if you spend ₹90000 or more in the previous year.

For premium banking customers only, there are 2 special offers. The card is lifetime free, and you also get complimentary access to international airport lounges once per month provided you have spent a minimum of 10000 in the previous month.

on Standard Chartered India website

Standard Chartered Rewards Credit Card 

Special Benefits

5% cashback on fuel purchases, phone bills, and utility bills

Other Benefits

Complimentary airport lounge access abroad

Minimum Income

₹55000 per month

Annual Fee

₹ 750

Annual Fee Offers

Welcome offer worth ₹1500
Renewal fee waived at ₹50,000 annual card spend

Pros and Cons of Standard Chartered Rewards Credit Card 

Pros

  • Card is virtually fee : No joining fee. Annual fee is reversed if you spend ₹1.50 lakhs a year on the card. In case you do not qualify for this annual fee waiver, you are given reward points equivalent to the annual fee of the card.
  • Complimentary domestic airport lounge access – 1 time per calendar quarter

Cons

  • Reward rates on card spending are comparatively low.  

Features & Benefits of Standard Chartered Rewards Credit Card 

Attractive annual fee offers

Zero 1st year annual fee.

Annual fee from the 2nd year onwards is waived at ₹1.50 lakh annual card spend. If annual card spend is below ₹1.50 lakh, you get 4000 reward points worth ₹1000.

Complimentary domestic airport lounge access – 1 time per calendar quarter

Please click here for details.

1.33% reward on all monthly card spends above ₹20,000 || 0.66% reward on all monthly card spends under ₹20,000

On all monthly card spends above ₹20,000 : You earn 5.33 reward points worth ₹1.33, on every ₹100 you spend in this category – 1.33% reward

1% fuel surcharge waiver, upto ₹400 per month

You get 1% fuel surcharge waiver at all fuel stations across India only on fuel transactions between ₹400 and ₹2000. And only on upto ₹40,000 fuel spend per month, since the maximum waiver is capped at ₹400 per monthly card statement cycle

Standard Chartered customer care number

Please click here for all the options to contact the bank.

Contactless payment

Look for the contactless network symbol on your card to determine if your credit card is contactless.

In India, contactless payments are allowed for a maximum of ₹5000 for a single transaction without requiring a Credit Card PIN. For transactions equal to or higher than ₹5000, the cardholder must input their Credit Card PIN for security reasons.

Standard Chartered Rewards Credit Card Fees and Charges

Annual fee

Annual feeAnnual fee offers
1st year joining fee₹0
Renewal fee from 2nd year onwards₹1000Renewal offer :
– Annual fee is not charged from the 2nd year onwards, if you spend ₹1.50 lakhs or more in the previous year.
– If your annual card spend is less than ₹1.50 lakhs, you will need to pay annual fee, but you will be rewarded with 4000 reward points worth ₹1000 on payment of annual fee.

Late payment fee

Late payment fees depends on the total payment due

Amount DueLate Fee
Less than ₹100NIL
₹101 to ₹500₹100
₹501 to ₹5,000₹500
₹5,001 to ₹10,000₹700
₹10,001 to ₹25,000₹800
Over ₹25,000₹1200

Interest on overdue balances : 3.75% per month (45% per year)

Fee on international card transactions : 3.50% of transaction value

Important note

– GST/ other applicable taxes as per current laws, will be applicable on all fees and charges
– To view all/updated fees & charges on this card, please click here – Stanchart Rewards Credit Card Fees & Charges

Eligibility Criteria

Minimum age21 years
Maximum age65 years
Occupation Salaried, self-employed
Income requirementsShould have a regular source of income , minimum income not specified
Credit scoreGood credit score, preferably above 750
Place of residenceThe individual should be staying at one of the card sourcing locations of the bank

Application process & tracking your application status

Step-by-step guide

Online Application process 
The easiest way is to click here – APPLY NOW , you shall be taken to the card application page on the Standard Chartered Bank website. You can also visit official website of the bank and fill out the application form.

Steps :
The bank’s website and mobile app offer a user-friendly interface that makes the application process quick and easy.
To apply, simply provide your personal details, such as your mobile phone number, income, and PAN number, along with the required documents
Offline (face to face)  Application processYou can visit any of the nearest branches of the bank and talk to an executive regarding the process.
Tracking your application status
Click here to track the status of your Standard Chartered Bank Credit Card application.

Necessary documents and verification

Required documents 
PAN Card

Identity proof (any One of the following Photo cards): Passport, Voter Id Card, Govt ID, etc.

Address proof (Any One of the following documents with current residence address): Aadhaar Card, Passport, Driving License, Election/Voter’s ID Card, Job card issued by NREGA duly signed by an officer of the State Government, The letter issued by the National Population Register containing details of name, address.

1 recent passport-sized photograph

Financial documents for salaried: Latest one-month salary slip

Financial documents for self-employed :
Self-employed businessmen : Latest IT Returns with computation of income /certified financials, business continuity proof.
Self-employed professionals: Latest IT Returns, business continuity proof.
Apply Now

on Standard Chartered India website

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