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Standard Chartered Smart Credit Card
Annual Fees
499
Add to Compare
Percentage Savings range
1%-2%
Use this for online spends
Reward Type
Cashback
Welcome Benefits
*
Minimum Income
4,50,000
Lounge Access
Not Available
Rewards
Core Rewards :
- 2% Reward Points per Rs. 100 on online transactions upto 1000 RPs/month
- 1% Reward Points per Rs. 100 on offline transactions upto 500 RPs/month
Milestone Rewards :
- Monthly : N/A
- Quaterly : N/A
- Annual : N/A
No rewards on spends : Fuel
Rewards Redemption
How to Redeem :
- Cashback is settled in statement cycle
Redemption options : Cashback
Redemption fee : Nil
Transfer partners : N/A
Complementary Benefits
Lounge access :
- Domestic Lounge : N/A
- International Lounge : N/A
- Railway Lounge : N/A
Insurance Benefits :
- Lost card liability : N/A
- Personal accidental insurance : N/A
- Air accidental insurance : N/A
Other Benefits :
- Lounge Membership : N/A
- Memberships Available With Cards : N/A
- Spa Benefits : N/A
Golf Benefits :
- Lessons : N/A
- Games : N/A
Fees
Joining fees : 499
Annual fees : 499
Welcome Benefits : N/A
Quaterly Benefits : N/A
Annual Benefits : N/A
Forex markup charges : 3.5%
Fee reversal criteria : Spend 1.2 lakhs in a year
Eligibility
Minimum age : 18
Minimum ITR : 4,50,000
Minimum Salary : 20,000
Standard Chartered Smart Credit Card Welcome Benefits
- Welcome benefit: Extended 90-day interest-free period from the card issuance date, allowing you to make purchases without incurring interest charges for the initial three months.
Standard Chartered Smart Credit Card Reward Points/Cashback
- Movie & Dining: Not Applicable
- Rewards Rate: Earn 2% cashback on online transactions and 1% on offline transactions. Additionally, collect 2% Reward Points for every Rs. 100 spent online (up to 1000 RPs per month) and 1% Reward Points for every Rs. 100 spent offline (up to 500 RPs per month).
- Reward Redemption: Cashback is automatically credited to your account.
- Travel: Not Applicable
- Golf: Not Applicable
- Domestic Lounge Access: Not Applicable
- International Lounge Access: Not Applicable
- Insurance Benefits: Not Applicable
- Zero Liability Protection: Cardholders are not held liable for fraudulent transactions on a lost or stolen card when reported promptly.
Standard Chartered Smart Credit Card Reward Point Redemption
- How to Redeem: Your cashback is automatically settled in your statement cycle, simplifying the redemption process.
- Redemption Options: Cashback earned can be directly used to offset your card dues or other expenses, providing you with flexibility and convenience.
- Redemption Fee: There is no redemption fee, ensuring that you can enjoy the full benefits of your cashback without any additional costs.
- No Transfer Partners: This card does not have transfer partners, as cashback is used to reduce your card balance or cover expenses directly.
Pros of Standard Chartered Smart Credit Card
- Cashback rewards on both online and offline transactions.
- Earn Reward Points in addition to cashback.
- Zero liability protection for cardholders.
- Simple cashback redemption process.
- No redemption fee.
- Flexibility to use cashback for bill payments or other expenses.
Cons of Standard Chartered Smart Credit Card
- Limited reward categories.
- No travel or dining benefits.
- Low monthly reward cap.
- No milestone or annual benefits.
- No lounge access.
Standard Chartered Smart Credit Card Benefits
- No lounge access or insurance benefits.
- Limited additional benefits such as lounge memberships, spa access, or golf lessons.
- Welcome benefit of an extended 90-day interest-free period for the first 90 days from card issuance.
- Cashback rewards of 2% on online spends and 1% on offline spends with specified monthly caps.
- Fee waiver for the second year if you spend Rs. 1,20,000 or more in an anniversary year.
Standard Chartered Smart Credit Card Charges and Fee
- Joining Fees: Rs. 499
- Annual Fees: Rs. 499
- Welcome Benefits: Not Applicable
- Quarterly Benefits: Not Applicable
- Annual Benefits: Not Applicable
- Forex Markup Charges: 3.5% on all international transactions
- Fee Reversal Criteria: Spend Rs. 1.2 lakhs in a year to have the annual renewal fee waived.
Additional Charges:
- Spend-Based Fee Waiver available.
- No Rewards Redemption Fee.
- 3.75% monthly interest rate.
- Fuel Surcharge waiver of 1% or Rs. 10 (whichever is higher).
- Cash Advance Charges: 3% of the cash withdrawn, minimum of Rs. 300.
Add-on Card Fee: Nil