Standard Chartered Platinum Rewards Credit Card
Standard Chartered Bank
Expert Rating
₹250
₹250
3.5%
No lounge access
Contents
Standard Chartered Platinum Rewards Credit Card is an entry-level rewards credit card designed for Indian users who spend heavily on fuel and dining and want simple, hassle-free rewards. You earn 5X reward points on dining and fuel and 1X reward point on all other categories, with no monthly cap on reward earnings. The card is often available as a lifetime-free credit card when you apply online and spend at least ₹500 within 30 days, making it a popular low-cost, high-utility option for beginners. If you are looking for a straightforward Standard Chartered credit card for daily expenses with strong fuel and restaurant benefits, the Platinum Rewards Credit Card is a solid choice.
Features of Standard Chartered Platinum Rewards Credit Card which makes it unique
Lifetime Free with Small Spend
Apply online and spend just ₹500 within 30 days to make the card effectively lifetime free under the current digital offer.
Minimises long-term cost while retaining full access to the rewards program.
Easier lifetime-free condition than many competing entry-level rewards credit cards.
Unlimited 5X Reward Points
Earn 5X reward points on dining and fuel without any monthly capping, subject to standard exclusions.
Allows high-spend users to continuously accumulate points on two essential categories.
Many rival cards either exclude fuel or cap accelerated rewards each month.
Instant Digital Onboarding
No physical documentation required for eligible customers; complete application and video KYC online and start using a virtual card quickly.
Faster approval and card usage for digitally savvy users.
Smoother onboarding flow compared to legacy offline-only entry-level cards.
Rewards Structure of Standard Chartered Platinum Rewards Credit Card
Rewards Redemption
baseWhen redeeming via Standard Chartered 360° Rewards portal
Reward points can be redeemed against gift vouchers, merchandise and statement credit. A small redemption handling fee (around ₹99 + GST per request) is typically applicable.
Dining & Fuel
acceleratedEligible spends at fine-dining outlets, standalone restaurants and fuel stations in India
Best suited if a large share of your monthly credit card spend is on fuel and restaurant bills; reward points can be redeemed on the 360° Rewards portal at around ₹0.25 per point.
Other Retail Spends
baseAll other eligible retail purchases excluding excluded categories like rentals, wallets, government and utilities where applicable
Base reward rate is modest, making the card most valuable when you use it primarily for dining and fuel rather than generic shopping.
Milestones of Standard Chartered Platinum Rewards Credit Card
Welcome Spend Offer
Spend at least ₹500 within 30 days of card issuance : Convert the card into a lifetime-free variant by getting the one-time fee of ₹250 + GST waived for online applications.
Annual Fee Waiver
Around ₹60,000 spend in the previous card anniversary year : Annual fee of ₹250 + GST is reversed in the next statement, effectively making the card low-cost for regular users.
Fees & Charges of Standard Chartered Platinum Rewards Credit Card
| Fee & Amount | Fee Value |
|---|---|
| Joining Fee | ₹250 |
| Annual Fee | ₹250 |
| Forex Markup Fee | 3.5% |
| Cash Advance Fee | 3% |
| Late Payment Fee | ₹1,200 |
| Over Limit Fee | 3% |
| Returned Payment Fee | ₹500 |
| Cash Withdrawal Fee | 3% |
Renewal Conditions:Annual fee of ₹250 + GST is typically applicable from the second year onwards, but it is waived when you spend at least ₹60,000 in the previous year or when you qualify under the lifetime-free online offer by spending ₹500 within 30 days of card issuance.
Fee Explanation Standard Chartered Platinum Rewards Credit Card follows the bank’s standard tariff structure. Cash withdrawals attract a cash advance fee of 3% of the amount withdrawn (minimum ₹300) plus finance charges from the transaction date. International transactions are charged a foreign currency markup of around 3.5% of the transaction value. Late payment charges are applied on a slab basis depending on the total outstanding, going up to about ₹1,200 for higher balances. If you exceed your sanctioned credit limit, an overlimit fee of 2.5% of the overlimit amount (minimum ₹500) is charged. A fee is also levied on bounced cheques or returned payments, and a 1% + taxes processing fee applies to rental transactions. Exact slabs and taxes are governed by the latest Schedule of Charges on the Standard Chartered India website.
Insurance Coverage with Standard Chartered Platinum Rewards Credit Card
General Card Protection
Limited protection such as unauthorised transaction liability and basic credit shield benefits may be available as per Standard Chartered’s master policy, but no large standalone travel or air accident insurance is specifically advertised for this card.Coverage, if any, is governed by the bank’s generic credit card insurance terms and may change over time. Cardholders should check the latest Most Important Terms and Conditions (MITC) for detailed limits and exclusions.
Additional Features of Standard Chartered Platinum Rewards Credit Card
Supplementary Credit Cards
Lifetime-free add-on cards for eligible family members so that the entire family can earn reward points on a single account.
Primary cardholder is liable for all spends on supplementary cards; KYC and eligibility rules apply.
Contactless Payments
Tap-and-pay enabled Platinum Rewards Credit Card for faster, secure transactions at NFC-enabled POS terminals.
Per-transaction limits and RBI contactless guidelines apply; higher-value transactions may still require PIN entry.
Virtual Card Access
Use a virtual version of your Platinum Rewards credit card through online or mobile banking immediately after approval.
Virtual card details can be accessed via SC Mobile or net banking and used for domestic e-commerce transactions.
Digital Payment Solutions
Supports BharatQR, BBPS and Samsung Pay for convenient bill payments and QR-based transactions.
Availability of specific payment rails depends on merchant setup and Standard Chartered’s digital payments policy.
Dial-a-Loan and EMI Conversion
Convert large purchases or total outstanding into EMIs and access Dial-a-Loan for quick personal loan against your credit limit.
Loan amount, tenure and interest rate are based on bank approval; processing fees and foreclosure rules apply as per product terms.
Welcome Bonus with Standard Chartered Platinum Rewards Credit Card
Welcome Bonus: NA
Bonus Conditions: Standard Chartered currently does not advertise a fixed welcome gift on the Platinum Rewards Credit Card. Occasionally, limited-time offers like Amazon Pay gift vouchers may be available for select pre-approved customers or specific campaigns, but these are not permanent features of the card.
Application Process for Standard Chartered Platinum Rewards Credit Card
Processing Time
Typically 5–7 working days after successful verification and approval.
Online Application
Available
Instant Approval
Available
Step-by-Step Process
Visit the Standard Chartered India website and navigate to the Platinum Rewards Credit Card page.
Click on Apply Now, enter your personal, contact and income details and submit the online application form.
Complete digital or video KYC as guided by the bank and upload or present required KYC and income documents, if requested.
Once your application is approved, receive instant access to a virtual card via net banking or the SC Mobile app.
Receive your physical Standard Chartered Platinum Rewards Credit Card at your registered address within a few working days and activate it using the bank’s instructions.
Required Documents for Standard Chartered Platinum Rewards Credit Card
ID Proof
allAccepted documents:
Address Proof
allAccepted documents:
Income Proof
salariedAccepted documents:
Income Proof
self_employedAccepted documents:
Standard Chartered Platinum Rewards Credit Card Merchant Acceptance Network
Domestic Acceptance
Widely accepted across India at most POS terminals, e-commerce platforms and payment gateways that support Visa credit cards.
International Acceptance
Accepted globally at millions of merchants and ATMs on the Visa network, subject to forex markup charges.
Online Acceptance
Can be used for most Indian and international online transactions that accept Visa, with 3D Secure OTP authentication for added safety.
Payment Technologies
Mobile Wallet Support:
Excluded Merchants
Eligibility Criteria for Standard Chartered Platinum Rewards Credit Card
Quick Eligibility Check
Minimum Age
21+
Credit Score
700+
Citizenship
Indian residents only
Income Requirements
Salaried Applicants
₹20,000
Minimum annual income
Self-Employed Applicants
₹25,000
Minimum annual income
Who Can Apply
Important Conditions
- Applicant should be between 21 and 65 years of age, have a stable monthly income, a valid PAN and Aadhaar, and reside in a Standard Chartered credit card sourcing location. Approval is subject to the bank’s internal credit policy and bureau checks.
How Approval Is Decided
- Age between 21 and 65 years with a stable monthly income and a good credit profile.
- Indian resident living in a Standard Chartered credit card sourcing city or location.
- Satisfactory internal credit checks, including bureau score and existing obligations, as per Standard Chartered’s risk policy.
Pros of Standard Chartered Platinum Rewards Credit Card
- 5X reward points on dining and fuel with no monthly capping, ideal for everyday urban spends.
- Low effective cost thanks to lifetime-free or easy annual fee waiver on modest yearly spends.
- Instant digital onboarding, virtual card access and strong online banking and mobile app support.
- Standard Chartered brand trust plus good merchant and online acceptance on the Visa network.
- Simple, rewards-only entry-level card that can be a good first credit card for new-to-credit users.
Cons of Standard Chartered Platinum Rewards Credit Card
- Base reward rate of 1 Reward Point per ₹150 on other spends works out to a relatively low percentage return.
- No complimentary domestic or international airport lounge access, unlike some competing cards in a similar fee range.
- Reward point value is modest (around ₹0.25 per point) and a redemption handling fee may reduce net value for small redemptions.
- Foreign currency markup of about 3.5% makes it unsuitable as a primary card for frequent international travellers.
Frequently Asked Questions about Standard Chartered Platinum Rewards Credit Card
Is Standard Chartered Platinum Rewards Credit Card lifetime free?
Standard Chartered often runs a digital offer where the Platinum Rewards Credit Card becomes lifetime free when you apply online and spend at least ₹500 within 30 days of card issuance. Otherwise, a joining and annual fee of ₹250 + GST may apply, with an annual fee waiver on spending around ₹60,000 in a year.
What rewards do I get on dining and fuel with the Standard Chartered Platinum Rewards Credit Card?
You earn 5 reward points for every ₹150 spent on dining and fuel with no monthly cap, which is the key USP of this card. On all other eligible spends, you earn 1 reward point per ₹150. Reward points can be redeemed via the Standard Chartered 360° Rewards portal at an approximate value of ₹0.25 per point.
Does Standard Chartered Platinum Rewards Credit Card offer airport lounge access?
No, the Standard Chartered Platinum Rewards Credit Card does not come with complimentary domestic or international airport lounge access. It is positioned as a pure rewards credit card focused on dining and fuel benefits rather than travel perks.
Who should apply for the Standard Chartered Platinum Rewards Credit Card?
This card is best suited for beginners and value seekers whose monthly spends are concentrated on fuel and dining. If you want a simple Standard Chartered credit card with uncapped 5X rewards on these categories and the possibility of making it lifetime free with a small initial spend, this card can be a strong fit.
What are the key fees and charges on Standard Chartered Platinum Rewards Credit Card?
Typical charges include a joining and annual fee of ₹250 + GST (often waived under promotional offers), finance charges of about 3.75% per month on revolving balances, a 3% cash advance fee (minimum ₹300), foreign currency markup of roughly 3.5%, late payment charges on a slab basis and an overlimit fee of 2.5% of the overlimit amount (minimum ₹500). Always refer to the latest Schedule of Charges on the Standard Chartered India website for updated figures.
How do I apply for the Standard Chartered Platinum Rewards Credit Card online?
You can apply directly on the Standard Chartered India website by selecting the Platinum Rewards Credit Card, filling in your personal and income details, completing digital KYC or video KYC and submitting your application. Eligible applicants can get instant in-principle approval and start using a virtual card even before the physical card is delivered.
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