Standard Chartered Rewards Credit Card

The joining fee is NIL. Annual fee is Rs.1,000 + GST from the second year onwards. The annual fee is reversed if you spend Rs.1,50,000 or more in the previous anniversary year.

If you pay the annual fee (and do not get the spend-based waiver), you receive 4,000 reward points worth Rs.1,000 within 60 days of fee realization - effectively making it a zero-cost card.

Base rewards: 4 points per Rs.150 on retail purchases, 1 point per Rs.150 on insurance and government spends. Bonus: Additional 4 points per Rs.150 on monthly retail spends above Rs.20,000 (capped at 2,000 bonus points/month).

1 reward point = Rs.0.25 (for 360 Rewards catalogue redemption) or Rs.0.20 (for statement credit adjustment). Minimum 1,000 points required to redeem.

There is NO cap on base reward points. However, bonus reward points (on spends above Rs.20,000/month) are capped at 2,000 points per month.

You get 1 complimentary domestic airport lounge visit per calendar quarter, totaling 4 free domestic lounge visits per year for the primary cardholder. No international lounge access.

Yes, you get 1% fuel surcharge waiver on all fuel transactions between Rs.400 and Rs.2,000. Maximum waiver per month is capped at Rs.400.

No, fuel transactions and cash withdrawals are not eligible for reward points.

Age: 18-65 years, minimum age for add-on cardholder is 18 years. Applicants should have stable monthly income and belong to credit card sourcing cities/locations of the bank. Subject to credit and policy checks.

Identity Proof: Passport, Voter ID, Government ID. Address Proof: Aadhaar Card, Passport, Driving License, Election/Voter ID Card. Income Proof: Salary slips, ITR, bank statements.

Monthly interest rate is 3.75% per month, which annualizes to APR of 45%. Interest-free period does not apply for cash advances and revolving balances.

The foreign currency markup is 3.5% on all international transactions. Not ideal for frequent international travelers.

Late fees vary by outstanding balance: Rs.500 for dues between Rs.501-Rs.5,000, Rs.1,200 for dues above Rs.25,000. Additional Rs.100 fee if minimum amount due is not received for 2+ consecutive months.

Cash advance fee is 3% of withdrawn amount or Rs.300, whichever is higher. Interest of 3.75% per month charged from date of withdrawal with no interest-free period.

If you exceed your credit limit, bank charges Rs.500 per instance or 2.5% of the over limit amount, whichever is higher.

Yes, there is a charge of Rs.99 + GST per redemption request for the Standard Chartered Rewards credit card.

Yes, add-on cards are available for eligible family members (age 18+). They share the same credit limit and enjoy the same rewards program. Spends are billed to the primary card account.

Standard Chartered has a zero liability policy. If your card is lost, stolen, or fraudulently used, you will not be held liable for unauthorized transactions, provided you report the loss in a timely manner.

To maximize rewards: (1) Spend at least Rs.20,000/month on retail to unlock bonus 4X rewards, (2) Use for all retail purchases to earn base 4X rewards, (3) Spend Rs.1.5L annually to get fee waiver, (4) Redeem via catalogue (Rs.0.25/point) instead of statement credit (Rs.0.20/point).

Best for regular retail spenders who consistently spend Rs.20,000+ monthly, occasional domestic travelers who value lounge access, and those seeking a simple rewards card with achievable annual fee waiver. Not ideal for international travelers, fuel-heavy spenders, or those seeking high cashback rates.