Standard Chartered Rewards Credit Card
Standard Chartered Bank
Expert Rating
₹1,000
₹0
3.5%
4 visits/yr
Contents
Standard Chartered Rewards Credit Card is a rewards-focused credit card designed for everyday retail spends, with no joining fee in the first year and a manageable annual fee from the second year onwards. You earn 4X reward points on most retail transactions and can unlock additional 4X bonus rewards on monthly spends above ₹20,000, making it attractive for consistent spenders. The card also offers 1 complimentary domestic airport lounge visit every calendar quarter, a 1% fuel surcharge waiver, and seamless 360° Rewards portal redemptions. Overall, it suits users looking for a simple, non-co-branded rewards card that balances reward points, lounge access, and reasonable annual costs.
Features of Standard Chartered Rewards Credit Card which makes it unique
4X + 4X Layered Reward Structure
Earn 4X reward points on eligible retail spends plus an additional 4X bonus on monthly spends above ₹20,000, up to 2,000 bonus points per statement cycle.
Delivers strong value-back for users who route most of their routine expenses through the card.
Richer monthly bonus structure than many entry-level rewards credit cards in India.
First Year Free With Smart Renewal Benefits
No joining fee in the first year and a clear renewal logic combining both spend-based fee waiver and bonus reward points on fee payment.
Lets you try the card at zero cost initially and still get value even if you do not hit the spend-based waiver later.
More consumer-friendly renewal structure than cards that only offer a waiver without any renewal bonus.
Complimentary Domestic Lounge Access On A Mid-Range Rewards Card
Includes domestic airport lounge visits, even though it is positioned as a standard rewards product rather than a premium travel card.
Occasional travellers enjoy airport comfort without upgrading to high-fee premium cards.
Lounge access on a ₹1,000 annual fee rewards card is relatively competitive for casual travellers.
Rewards Structure of Standard Chartered Rewards Credit Card
Retail Spends
acceleratedAll eligible retail spends except Government, Insurance and Fuel categories.
Core benefit of the Standard Chartered Rewards Credit Card; best suited for everyday shopping, dining, travel bookings and online purchases that fall under retail categories.
Government And Insurance
baseTransactions classified as Government services or Insurance premium payments.
Government and Insurance spends earn lower rewards but still contribute to monthly spend calculations for fee waivers and card usage.
Bonus Rewards
baseMonthly retail spends above ₹20,000 in all categories except Government and Insurance.
This effectively gives you up to 8X rewards on incremental spends above ₹20,000, ideal for users with monthly card spends in the ₹25,000–₹50,000 range.
Fuel Spends
baseAll fuel transactions at petrol pumps.
Fuel spends do not earn reward points but are eligible for a 1% fuel surcharge waiver within specified limits.
Cash Withdrawals And Charges
baseATM cash withdrawals, fees, interest charges and penalty components.
Cash advances, interest charges, fees and penalties do not earn any reward points; it is recommended to avoid using the card for cash withdrawals.
Milestones of Standard Chartered Rewards Credit Card
Annual Fee Spend Waiver
₹1,50,000 in the previous year : Annual fee of ₹1,000 + GST is reversed for the next year if you achieve the spend threshold.
Annual Fee Payment Bonus
Annual fee successfully charged and not reversed : 4,000 bonus reward points credited within about 60 days of annual fee realisation, as per bank terms.
Fees & Charges of Standard Chartered Rewards Credit Card
| Fee & Amount | Fee Value |
|---|---|
| Joining Fee | 0 |
| Annual Fee | ₹1,000 |
| 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:No joining fee in the first year. From the second year onwards, an annual fee of ₹1,000 + GST is charged but reversed if you spend ₹1,50,000 or more in the previous year. If the fee is charged and not reversed, you receive 4,000 bonus reward points as compensation.
Fee Explanation Standard Chartered Rewards Credit Card follows the bank’s common tariff structure. Overseas transactions attract a 3.5% forex markup (including scheme charges). Cash advances from ATMs are charged at 3% of the withdrawal amount, with a minimum of ₹300. Late payment charges are slab-based and can go up to ₹1,200 if the statement outstanding is above ₹10,000, with an extra ₹100 if the minimum amount due is missed for two or more consecutive months. Overlimit fee is 2.5% of the overlimit amount (minimum ₹500). A 1% processing fee plus taxes is levied on rental payments, and reward redemption incurs a ₹99 handling charge. All fees and interest are subject to GST and to the latest MITC and tariffs published by Standard Chartered Bank.
Lounge Access Benefits with Standard Chartered Rewards Credit Card
domestic Lounges
silverVisits per year: 4
Guest access: No
1 complimentary domestic airport lounge visit per calendar quarter for the primary cardholder, subject to network programme terms and eligible lounges.
Insurance Coverage with Standard Chartered Rewards Credit Card
Standard Credit Card Protection
As per Standard Chartered Bank’s credit card policyCardholders are generally covered by the bank’s standard credit card protection and liability terms as detailed in the Most Important Terms and Conditions (MITC). Specific sums insured and claim processes should be confirmed from the latest policy document.
Additional Features of Standard Chartered Rewards Credit Card
Supplementary Credit Card
Add-on cards allow family members to share the same credit limit and enjoy the same rewards programme.
Issued to eligible family members as per bank policy; spends are billed to the primary card account.
Contactless Payments
Tap-and-pay enabled Mastercard for faster, secure transactions at supported POS terminals.
Tap transactions allowed up to the network and regulatory limits without PIN; PIN is required beyond those limits or as mandated.
Secure Online Transactions
Online transactions are secured with 3D Secure OTP verification to reduce fraud risk.
Ensure your registered mobile number is active to receive OTPs; international payments may require enabling e-commerce transactions.
Digital Payment Solutions
Supports BharatQR, BBPS and other digital payment options through Standard Chartered’s platforms.
Available via SC Mobile app and internet banking for eligible categories and merchants.
Kuch Bhi On EMI
Convert large purchases above a minimum amount into flexible EMIs directly from your card.
Minimum transaction amount and tenure options as per bank policy; processing fees and interest charges may apply.
Dial-A-Loan And Balance Transfer
Option to convert unused credit limit into a personal loan or transfer balances from other cards at structured EMIs.
Subject to eligibility, credit limit and internal policy checks; detailed pricing shared at the time of booking.
360° Rewards Portal
Dedicated portal to track and redeem reward points for vouchers, merchandise, and more.
Minimum 1,000 reward points required to redeem; ₹99 redemption fee applies per request.
Welcome Bonus with Standard Chartered Rewards Credit Card
Welcome Bonus: 4,000 reward points
Bonus Conditions: Bonus 4,000 reward points are awarded on successful realisation of the annual fee from the second year onwards, only if the fee is not reversed via the spend-based waiver. Points are usually credited within 60 days of fee realisation, as per bank terms.
Application Process for Standard Chartered Rewards Credit Card
Processing Time
5-7 business days after successful KYC and verification
Online Application
Available
Instant Approval
Not Available
Step-by-Step Process
Visit the Standard Chartered Rewards Credit Card page on the bank website or the Finanjo credit card comparison page.
Click on the Apply Now button and fill in your personal, contact and income details in the online form.
Upload or submit KYC documents such as PAN, ID proof, address proof and income proof as requested.
Complete any required digital or physical verification steps, including phone or video KYC if applicable.
On approval, the credit limit is assigned and your physical card is dispatched to your registered mailing address, typically within 5–7 business days.
Required Documents for Standard Chartered Rewards Credit Card
ID Proof
allAccepted documents:
PAN Card
allAccepted documents:
Address Proof
allAccepted documents:
Photograph
allAccepted documents:
Income Proof
salariedAccepted documents:
Income Proof – Self Employed
self_employedAccepted documents:
Standard Chartered Rewards Credit Card Merchant Acceptance Network
Domestic Acceptance
Strong acceptance across India at most merchants and online platforms that support Mastercard credit cards.
International Acceptance
Widely accepted at international merchants, ATMs and e-commerce websites that accept Mastercard, subject to forex markup fees.
Online Acceptance
Yes, the card works on most Indian and international e-commerce websites, apps and payment gateways.
Payment Technologies
Mobile Wallet Support:
Excluded Merchants
Eligibility Criteria for Standard Chartered Rewards Credit Card
Quick Eligibility Check
Minimum Age
18+
Credit Score
700+
Citizenship
Indian residents only
Income Requirements
Salaried Applicants
₹30,000
Minimum annual income
Self-Employed Applicants
₹40,000
Minimum annual income
Who Can Apply
Important Conditions
- Applicant should be between 18 and 65 years of age, have a stable monthly income, and reside in one of Standard Chartered’s credit card sourcing cities. Approval is subject to internal credit policy, bureau checks, and verification of documents.
How Approval Is Decided
- Applicant age between 18 and 65 years at the time of application.
- Stable monthly income that meets the bank’s internal minimum requirement for this card.
- Clean credit history with a preferred credit score of 700 or above and no recent major delinquencies.
- Residence in a Standard Chartered credit card sourcing city or serviceable location.
- Successful KYC, document verification and compliance with all internal risk and policy norms of Standard Chartered Bank.
Pros of Standard Chartered Rewards Credit Card
- 4X base rewards on most retail spends with additional 4X bonus rewards above ₹20,000 monthly.
- 1 complimentary domestic airport lounge visit per quarter, useful for occasional flyers.
- No joining fee in the first year and achievable annual fee waiver at ₹1.5 lakh yearly spends.
- Fuel surcharge waiver of 1% on eligible fuel transactions, keeping fuel costs slightly lower.
- Strong fit as a primary everyday rewards card for users who prefer points over cashback.
Cons of Standard Chartered Rewards Credit Card
- No reward points on fuel transactions despite the fuel surcharge waiver.
- Rewards redemption attracts a ₹99 fee, which slightly reduces net value for small redemptions.
- 3.5% forex markup is standard but not competitive for frequent international travellers.
- No direct airline or hotel transfer partners, limiting travel-focused redemption options.
- Value-back depends on consistent monthly spends; light users may not fully utilise the bonus rewards or fee waiver.
Frequently Asked Questions about Standard Chartered Rewards Credit Card
How can I get the annual fee waived on the Standard Chartered Rewards Credit Card?
To get the annual fee waived, you must spend ₹1,50,000 or more in the previous year using your card. If you do not meet this spend, the annual fee is charged, and you receive 4,000 bonus reward points on fee payment.
What reward rate do I get on the Standard Chartered Rewards Credit Card?
You earn 4 reward points per ₹150 spent on most retail transactions, 1 reward point per ₹150 on Government and Insurance spends, and an additional 4 reward points per ₹150 on monthly retail spends above ₹20,000 (capped at 2,000 bonus points per statement cycle). Fuel and cash withdrawal transactions do not earn reward points.
Is there any joining fee on the Standard Chartered Rewards Credit Card?
No, there is no joining fee. The Standard Chartered Rewards Credit Card is free in the first year; an annual fee of ₹1,000 + GST applies from the second year onwards.
Does the Standard Chartered Rewards Credit Card offer airport lounge access?
Yes. You get 1 complimentary domestic airport lounge visit per calendar quarter, subject to the lounge programme and network terms. This totals 4 free domestic lounge visits per year for the primary cardholder.
What is the value of each reward point on the Standard Chartered Rewards Credit Card?
For most redemptions via the 360° Rewards catalogue, 1 reward point is typically worth around ₹0.25. When used for statement credit, the value is usually around ₹0.20 per point. Actual value may vary by redemption option and is subject to the latest bank policies.
Can I apply online for the Standard Chartered Rewards Credit Card?
Yes. You can start your application online through the Standard Chartered India website or through a trusted partner like Finanjo. After submitting the form and KYC documents, the bank will review your profile and share the approval decision.
Do fuel transactions earn rewards on the Standard Chartered Rewards Credit Card?
Fuel transactions do not earn reward points on this card. However, you do receive a 1% fuel surcharge waiver on eligible transactions between ₹400 and ₹2,000 per transaction, subject to a maximum monthly waiver of ₹400.
Who should consider getting the Standard Chartered Rewards Credit Card?
This card is ideal for users who spend at least ₹20,000–₹40,000 per month on retail purchases and prefer a simple rewards structure with domestic lounge access rather than a co-branded or travel-heavy card. It best fits salaried professionals and self-employed users looking for a primary everyday rewards card with a reasonable annual fee.
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