Card Image
Smart Credit Card
Annual Fee
₹499
Rewards/₹100 ⓘ
₹1.00 - ₹2.00
Normalized to balance base rate with bonus categories
Interest Rate
45.00%
Credit Score
700+
At a Glance
Key Benefits
2% cashback online (max Rs.1,000/month), 1% offline (max Rs.500/month), never-expiring points, 90-day interest-free period
Lounge Access
No lounge access available
Eligibility
Age 18-65, Min income Rs.25,000/month, CIBIL 700+, Resident Indians
Quick Details
Annual Fee
₹499
#75
Joining Fee
₹499
#78
Interest Rate
45.00% p.a.
#244
Forex Markup
3.50%
#75
Rewards/₹100
₹1.00 - ₹2.00
#143
Reward Type Cashback
Reward Currency Cashback
Min Credit Score
700+
#54
Min Monthly Income ₹25
Network VISA
Card Replacement Fee 100
Late Payment Fee ₹500
Cash Advance Fee ₹300 3.00% (min ₹300)
Over Limit Fee ₹500 2.50% (min ₹500)
Card Replacement Fee ₹100
Fee Waiver on Spend ₹1,20,000/yr
Reward Structure
Cat
Online Transactions
₹2.00 /₹100
Base
Offline Spends
₹1.00 /₹100
Reward Calculator
₹
Allocate by Category 100%
Your Rewards
Points Earned 0
Cash Value ₹0
Breakdown
Quick amounts:
Insurance Coverage
Lost Card
₹50,000
Zero liability on fraudulent transactions after reporting card loss
Lifestyle Perks
Emi
EMI conversion up to Rs.5 lakh with low 0.99% p.m. interest rate (12-60 months tenure)
Balance Transfer
Balance transfer from other cards up to Rs.5 lakh at attractive rates
Contactless
Contactless tap-and-pay for faster transactions
Quick Analysis
Standard Chartered Smart Credit Card is a straightforward cashback card ideal for online shoppers. The 2% online and 1% offline cashback with minimal exclusions makes it suitable for entry-level users. However, lack of lounge access and milestone benefits limits its appeal.
Pros
- 2% cashback on all online transactions
- 1% cashback on offline spends
- Up to Rs.18,000 annual cashback (Rs.1,500/month cap)
- Extended 90-day interest-free period for new cardholders
- Never-expiring cashback points
- Low annual fee of Rs.499 with Rs.1.2L waiver
- EMI conversion up to Rs.5 lakh (0.99% p.m.)
- Balance transfer facility available
- Cashback on utilities, groceries, shopping
- Minimal exclusions (only fuel and cash withdrawals)
Cons
- No lounge access (domestic or international)
- No milestone benefits or welcome bonus
- Rs.1,500 monthly cashback cap (Rs.1,000 online + Rs.500 offline)
- Minimum Rs.2,500 balance required for redemption
- High forex markup at 3.5% + GST
- No fuel surcharge waiver
- High interest rate at 45% p.a.
- Rs.99 + GST redemption fee
- Annual fee not waived for first year (for existing SCB customers)
- Joining fee waiver only for new-to-bank customers
Best For
Online shoppers, utility bill payments, entry-level users
Not Ideal For
Premium benefits seekers, frequent travelers, lounge access
Frequently Asked Questions
What is the joining and annual fee for Standard Chartered Smart Credit Card?
The joining fee is Rs.499 + GST (waived for new-to-bank customers as a special offer). Annual fee is Rs.499 + GST, which is waived if you spend Rs.1,20,000 or more in the preceding year.
What is the cashback structure on Smart Credit Card?
You earn 2% cashback on all online transactions (up to Rs.1,000/month) and 1% cashback on offline spends (up to Rs.500/month). Maximum monthly cashback is Rs.1,500, totaling Rs.18,000 per year.
Which transactions are excluded from cashback?
Cashback is not earned on fuel purchases and cash withdrawals. All other transactions including utilities, groceries, shopping, and bill payments are eligible.
What is the 90-day interest-free period?
New cardholders get an extended interest-free period of 90 days from card issuance on retail purchases. You must pay at least the minimum amount due each billing cycle to avail this benefit.
How do I redeem cashback?
Cashback points never expire. You need a minimum balance of Rs.2,500 to redeem. Redemption can be done in multiples of Rs.1,000 (i.e., Rs.2,500, Rs.3,500, etc.). A fee of Rs.99 + GST applies per redemption request.
Does this card offer lounge access?
No, Standard Chartered Smart Credit Card does not offer domestic or international airport lounge access.
What is the eligibility criteria?
Age: 18-65 years, minimum monthly income: Rs.25,000, CIBIL score: 700+. Both salaried and self-employed individuals can apply. Must be Resident Indian in SC sourcing cities.
What documents are required to apply?
Identity proof (Passport/Voter ID/Government ID), Address proof (Aadhaar/Passport/Driving License/Voter ID), Income proof (salary slips for salaried, IT returns for self-employed), and age proof.
What is the interest rate on this card?
The interest rate is 3.75% per month (45% per annum) on outstanding balances. You get up to 90 days interest-free initially, then standard 50 days if full payment is made.
What is the forex markup fee?
The foreign currency markup is 3.5% + GST on all international transactions, including online purchases in foreign currency, ATM withdrawals abroad, and merchant transactions outside India.
What are the late payment charges?
Late payment fee is Rs.500 for dues between Rs.501-Rs.5,000, and Rs.1,200 for dues above Rs.25,000. If minimum due remains unpaid for two consecutive cycles, an additional Rs.100 penalty applies.
What is the cash advance fee?
Cash advance fee is 3% of the withdrawn amount or Rs.300, whichever is higher. Interest of 3.75% per month starts from the transaction date (no interest-free period on cash).
Can I convert purchases to EMI?
Yes, you can get loans up to Rs.5 lakh on your card with flexible tenure from 12 to 60 months at a low interest rate of 0.99% per month on EMI transactions.
Is there a balance transfer facility?
Yes, you can transfer outstanding balances from other bank credit cards up to Rs.5 lakh at attractive interest rates.
Are add-on cards available?
Yes, you can get up to 3 add-on cards for family members aged 18 years and above. Add-on cardholders share the same cashback limit and benefits.
Is there fuel surcharge waiver?
No, Standard Chartered Smart Credit Card does not offer fuel surcharge waiver. Fuel transactions are also excluded from cashback.
Are there any welcome or milestone benefits?
No, this card does not offer welcome bonus or milestone benefits. The primary benefit is the ongoing cashback on transactions.
What is the credit limit range?
The credit limit ranges from Rs.50,000 to Rs.5,00,000 based on your income, credit score, and creditworthiness as assessed by the bank.
User Reviews
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