Our Money Guide

The SCB Ultimate Credit Card is a premium credit card offering exclusive benefits and privileges. It offers a competitive reward rate on various kinds of spends, and offers lifestyle benefits like complimentary lounge access & complimentary golf rounds & lessons.

Brief Summary

Our Rating
4.0 / 5

Our View :

Best for those who like to hold a single card that gives them same benefit rate on all their spending. You get 3.33% benefit rate on all your card spends.

Since this is a premium card, you also get lifestyle benefits like complimentary airport lounge access both in India (maximum 4 times per quarter) and abroad (once per month), as well as golf benefits (1 free golf round per month, and 1 free golf lesson per month)

1st year annual fee of ₹ 5,000 is covered by a welcome offer worth ₹ 6000 , renewal fee of ₹5,000 is reversed on payment of fee.

Standard Chartered Ultimate Credit Card

on Standard Chartered Bank website

Standard Chartered Ultimate Credit Card

Special Benefits

3.33% benefit rate on all spends

Other Benefits

Complimentary access to airport lounges, and golf benefits

Minimum Income

Not specified

Annual Fee

₹ 5,000

Annual Fee Offers

Welcome offer worth ₹ 6,000

Renewal fee reversed , post payment of renewal fee

Standard Chartered Ultimate Credit Card : Summary Table

3.33% benefit on all spends (EXCEPT the 2 categories mentioned below)

▪︎ 2% benefit on supermarkets, insurance, utilities, property management, schools, &
government payments
■ No reward points on fuel purchases
You earn 3.33 reward points worth ₹3.33, on every ₹100 you spend on your card (since 1 reward point = ₹1)

Exceptions :
■ 2% on supermarkets, insurance, utilities, property management, schools, & government payments : You earn 2 reward points worth ₹2, on every ₹100 you spend on your card in this category (since 1 reward point = ₹1)
■ You earn no reward points on fuel purchases
1 complimentary golf round per month, AND 1 complimentary golf lesson per monthProgram is brought to you through Golflan, all bookings need to be made through Golflan. For list of applicable golf courses and all terms and conditions, please look at the last section of the enclosed document – SCB Golflan Golf Program
Complimentary visits to airport lounges in India – upto 4 times per quarterThis program is brought to you by Visa
Complimentary visits to airport lounges outside India – 1 time per month– You get complimentary Priority Pass membership worth USD 99 per year
– You get 1 free visit per month, if the minimum spend in the previous month is ₹20,000.
5% cashback on airport duty-free spendsYou earn 5% cashback on duty-free spends, on duty free spends of upto ₹20,000 per month (since maximum cashback is restricted to ₹1,000 per monthly card billing cycle)
2% foreign currency markupYou enjoy reduced foreign currency fee of 2%, on the value of your foreign currency transactions
Complimentary insurance benefitsAir Accident Insurance : The Standard Chartered Ultimate Credit Card provides an accidental air death cover worth ₹1 Crore

Travel Insurance Policy : In case of emergencies during travel, the card offers various kinds of coverage, such as
– Baggage delay : Sum insured of USD100
– Loss of baggage & personal documents : Sum insured of USD 750
– Flight delay : Sum insured of USD 200
– Emergency medical expenses : Sum insured of USD 25,000

For full details & terms & conditions, please refer here.
1% fuel surcharge waiverYou get 1% fuel surcharge waiver – on fuel spends upto ₹1 lakh per month (since the waiver amount is capped at ₹1000 , per monthly card statement cycle).
₹5,000 annual feeAnnual fee offers
– Welcome offer : You earn 6000 reward points worth ₹6000, on paying the 1st year annual fee
– Renewal fee offer : From the second year onwards – you earn 5,000 reward points worth ₹5,000, on paying the renewal fee

Pros and Cons of Standard Chartered Ultimate Credit Card

Pros

  • Competitive reward rate between 2% – 3.33% on a vast range of spends
  • Complimentary airport lounge access, both in India and abroad
  • Complimentary golf rounds & golf lessons

Cons

  • Low reward rate of 2% on supermarket shopping, one can earn higher reward rates on shopping on various cards

Full Review of the Standard Chartered Ultimate Credit Card

Standard Chartered Ultimate Credit Card

Features & Benefits of the Standard Chartered Ultimate Credit Card

3.33% special benefits on all spends (except 2 categories mentioned below)

Earning reward points : You earn 5 reward points on every ₹150 you spend on your card = 3.33 reward points on every ₹100 you spend = ₹3.33 on every ₹100 you spend (since 1 reward point = ₹1)

Redeeming reward points : You can check your rewards points balance and redeem points on the bank’s rewards portal called R360, on a range of exciting offers including products, vouchers, or services. You can access the Rewards platform through the R360 Reward Portal, mobile app or Internet banking. 1 reward point = ₹1.

Limits on rewards : There is no cap on the reward points earned per month on the card.

Other important information : The reward points earned on the card expire after 2 years from the date of earning. Reward redemption orders cannot be cancelled, withdrawn, or changed once submitted

✔︎ Exception category 1 : 2% benefit on utilities, supermarkets, insurance, property management, schools & government payments

Earning reward points : You earn 3 reward points on every ₹150 you spend in this category = 2 reward points on every ₹100 you spend = ₹2 on every ₹100 you spend (since 1 reward point = ₹1)

Limits on rewards : There is no cap on the reward points earned per month on the card.

Redeeming reward points & other important information : same as explained in the above section

✔︎ Exception category 2 : no reward points are given on fuel purchases

Complimentary visits to airport lounges outside India – 1 time per month

You get complimentary Priority Pass membership worth USD 99 per year. The Priority Pass program is one of the leading lounge programs across the world. Click here for the list of lounges.

You get 1 free visit per month, only if the minimum spend in the previous month is ₹20,000, otherwise lounge visits are charged at USD 27 per visit.

Guests accompanying the cardholder will be charged USD 27 per visit. The Priority Pass card is non-transferable, and valid until the stated expiry date or the validity date of the Ultimate credit card. Access to Priority Pass lounges may be restricted due to space limitations at the discretion of the lounge operator. Participating lounges may enforce maximum stay periods

Complimentary visits to airport lounges in India – upto 4 times per quarter

This program is brought to you by Visa. You are entitled to –
– F&B Privileges : You get a choice of hot and cold snacks from buffet , tea / coffee , unlimited non-alcoholic drinks.
– Other Privileges : Luxurious seating area, washrooms, LCD TV, newspaper / magazines, free Wi-Fi available at select locations.
– Fax, shower, internet and wi-fi charges (where applicable) are at the discretion of each lounge operator and the cardholder is responsible for paying these directly to the lounge staff.
– Please note that additional charge may occur for meal/food/drink items not mentioned in the F&B privileges above as well as for services like Nap, Massage Service and Spa.
– Offer valid till September 30, 2023
Please click here for full details

1 complimentary golf round per month, AND 1 complimentary golf lesson per month

The Ultimate Golf Programme includes one complimentary golf game and one coaching session per month at domestic golf courses.
– Program is brought to you through Golflan. All bookings need to be made through Golflan
– Advance bookings are required, and cancellations must be made three days in advance. Bookings are subject to availability and at the discretion of golf clubs/instructors.
– Golf courses and coaching facilities may change, and cardholders should refer to the updated list.
– For list of applicable golf courses and all terms and conditions, please look at the last section of the enclosed document – SCB Golflan Golf Program

2% foreign currency markup

– You enjoy reduced foreign currency fee of 2%, on the value of all foreign currency transactions
– All overseas transactions are levied with a standard 3.50% transaction fee, out of which 1.50% is given back as cashback, which effectively reduces the forex fees to 2%.
– Cashback will be credited within 60 days from the date of the transaction.

5% cashback on airport duty-free spends

You earn 5% cashback on duty-free spends, on duty free spends of upto ₹20,000 per month (since cashback is restricted to maximum ₹1,000 per monthly card statement cycle). On monthly spends beyond ₹20,000, the cashback will remain at ₹1,000 which will effectively reduce the cashback rate to below 5%. Some other important points to note :
– Cashback is credited to the cardholder’s account within 60 days of the transaction date.
– Cashback transactions do not earn reward points.
– Only transactions with registered duty-free vendors are eligible for cashback.

Standard Chartered Ultimate Credit Card Fees and Charges

Annual fee & annual fee offers

Annual feeAnnual fee offers
1st year joining fee₹5,000Welcome offer : You get 6,000 reward points worth ₹6,000, on payment of the joining fees within 60 days of card issuance.
Renewal fee from 2nd year onwards₹5,000Renewal offer : You get 5,000 reward points worth ₹5,000 within 60 days of paying the renewal fees (except if the payment is converted into an EMI balance).

Late payment fee

Late payment fees depends on the total payment due

Amount DueLate Fees
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

1% fee on rental payments : There is a processing fee of 1% charged on rental payments

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 Ultimate 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

Step-by-step guide to applying for the card

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.
Approval timeline and processIn most cases, the credit card decision would be communicated within 7-15 working days. In certain cases, it could take longer, especially if the bank wants more information and documents from you.

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.

Other Benefits for Cardholders

1% fuel surcharge waiverYou get 1% fuel surcharge waiver – on fuel spends upto ₹1 lakh per month (since the waiver amount is capped at ₹1000 , per monthly card statement cycle).
Complimentary insurance covers Air Accident Insurance : The Standard Chartered Ultimate Credit Card provides an accidental air death cover worth ₹1 crore.

Travel Insurance Policy : In case of emergencies during travel, the card offers various kinds of coverage, such as –
– Baggage delay : sum insured of USD 100
– Loss of baggage & personal documents : sum insured of USD 750
– Flight delay : sum insured of USD 200
– Emergency medical expenses : sum insured of USD 25,000

For full details & terms & conditions, refer here.
‘Kuch Bhi on EMI’ program“Kuch Bhi on EMI” program converts purchases into EMIs for Standard Chartered Credit Cardholders.
– Flexible repayment tenure : 3 to 48 months.
– Competitive interest rates, processing fees & instant approval for conversion requests.
– Conversion channels : SC Mobile App, Online Banking, or customer service helpline.
Dial-A-LoanLoan amount up to ₹5,00,000 (but within your credit limit)
No documentation or post-dated cheques required
Interest rate starting at 0.99% per month based on eligibility
Flexible tenures from 12 to 60 months
NEFT disbursement to Standard Chartered Bank or other bank savings account within 3 working days
24/7 customer supportYour bank is always available; please click here for all the options to contact the bank.
Security featuresChip and PIN technology – security for offline transactions : In the past, credit cards typically used a magnetic stripe located on the back of the card to store and transact data. However, the latest generation of credit cards includes a CHIP and PIN feature, which provides enhanced security. Only you know your PIN, so even your card is lost it is unlikely to be misused since BOTH the physical card and the PIN is required to spend on the card

Two-factor authentication – security for online transactions : When making an online transaction, you approve your online transaction through using a One-time Password (OTP) which you get on your mobile phone . Since only you know the OTP, the card is unlikely to be misused unless someone has access to BOTH your card details AND your mobile phone. This ensures a safe online purchase experience.

SMS alerts and notifications – for both offline and online transactions : For your peace of mind, you get free SMS alerts and notifications for all your credit card transactions. Hence you will know about all transactions on your card. In the unlikely scenario of your card being misused, you would still get these alerts and notifications – which will help you to immediately block your credit card.
More security while spending online – through a Virtual CardSCB Virtual Cards are digital Standard Chartered credit cards offered by Standard Chartered Bank, designed for secure online transactions. They provide an extra layer of security and exist solely in a digital format.

Easily generated and managed through the SC Mobile App or Online Banking platform, Virtual Cards have unique card details and can be used for online purchases, subscriptions, and payments where physical card information isn’t necessary. They offer enhanced security, flexibility, and control, allowing users to set spending limits and expiration dates.

Virtual Cards are linked to the primary credit card account, providing protection against fraud and unauthorised use. They provide a convenient and secure way to make online transactions without sharing primary card details. For more information and applications, visit here.
Contactless paymentLook 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.

Conclusion

The Standard Chartered Bank Ultimate Credit Card is a good premium card offering competitive reward rates across a range of your spending needs. However a recent change in reward rates esp on supermarket shopping has reduced the attractiveness of the Standard Chartered Ultimate credit card, since once can get better reward rates on shopping on other cards. The card also offers lifestyle benefits like complimentary airport lounge access & complimentary golf.

Apply Now

on Standard Chartered Bank website

Frequently Asked Questions

How can I apply for the Standard Chartered Ultimate Card?

You can apply for the SCB Ultimate Credit Card by clicking here, OR through the Standard Chartered Bank website OR by visiting a branch near you. Ensure you meet the eligibility criteria and provide the necessary documents for a smooth application process.

What is the reward rate for the SCB Ultimate Credit Card?

The SCB Ultimate Credit Card offers a competitive reward rate of 3.33% on eligible spending, allowing you to earn rewards faster on your everyday purchases.

Does the SCB Ultimate Credit Card come with airport lounge access?

The Standard Chartered Ultimate Card provides complimentary international airport lounge access, subject to spending conditions (1 free visit per month if you have spent a minimum of ₹20,000 on your card in the previous month). It also provides complimentary domestic airport lounge access – upto 4 times per calendar quarter. This allows you to relax and enjoy the comforts of airport lounges while travelling.

What kind of insurance coverage does the SCB Ultimate Credit Card offer?

The SCB Ultimate Credit Card provides comprehensive insurance coverage, including travel accident insurance, emergency medical coverage, coverage for lost baggage & flight delays, offering you peace of mind during your travels and everyday purchases.

Compare Products
Action Add Product
Image
Title
Price
Stock Status
Quantity
Add To Cart
Review
IndusInd Nexxt Credit Card
IndusInd Nexxt Credit Card
0 customer review
Yes Bank BYOC Credit Card
Yes Bank BYOC Credit Card
0 customer review
Air India SBI Platinum Card
Air India SBI Platinum Card
0 customer review
Air India SBI Signature Card
Air India SBI Signature Card
0 customer review
SBI Etihad Guest Card
Etihad Guest SBI Card
0 customer review
SBI Etihad Premier Card
Etihad Guest SBI Premier Card
0 customer review
SimplySAVE UPI SBI Card
SimplySAVE UPI SBI Card
0 customer review
Paytm SBI Card
Paytm SBI Card
0 customer review
Apollo SBI Card
Apollo SBI Credit Card
0 customer review
SBI Ola Card
OLA Money SBI Credit Card
0 customer review