|Standard Chartered Smart Credit Card Rating|
|Reward Points ★★★★★
Annual Fee ★★★★
Welcome Benefits ★
Additional Benefits ★
|Overall Rating ★★★|
Standard Chartered Smart Credit Card offers 2% cashback on all online spends and 1% cashback across all other spends. The card also offers an extended interest-free credit period and an option to convert big purchases into 3-months EMI. To know if this is the credit card for you, read the review below:
Standard Chartered Smart Credit Card at a Glance
|Annual Fee||Rs. 499 (waived off on spending Rs. 1,20,000 in the preceding year)|
|Best Suited For||Cashback|
|Best Feature||2% cashback on all online spends (maximum cashback = Rs. 1,000 per month)|
Key Highlights of Standard Chartered Smart Credit Card
Enjoy Cashback on Online and Offline Spends
The best feature of the Standard Chartered Smart Credit Card is that it offers 2% cashback on all online purchases and 1% cashback on all offline transactions. The maximum cashback that can be availed in a month is Rs. 1,000 for online transactions and Rs. 500 for offline transactions. This could be a good card for people who wish for decent cashback on their purchases. On the other hand, if you are looking for credit cards offering cash back on online purchases, cards such as Amazon Pay ICICI, SBI SimplyClick, HSBC Cashback Credit Cards can be better options. All these cards come with nominal annual fees and better benefits.
Cashback is received in the form of cashback points, wherein 1 cashback point equals Rs. 1. Also, the minimum cashback that can be redeemed for the first time is Rs.1,000 and after that redemption can be done in blocks of Rs. 500.
Manage your Finances With Interest-Free Credit Period
The credit card provides a longer duration of interest-free credit. This is only valid for the first 90 days after the card is issued. During this time, you only need to pay the bare minimum.
Ease Out With Low-Interest EMI Plans
You may convert purchases above Rs. 2,000 into 3-month EMIs with the Standard Chartered Smart Credit Card. You will get EMIs with a reduced interest rate of 0.99 % with no processing charge.
Other Benefits of Standard Chartered Smart Credit Card
- You can obtain additional credit cards to provide benefits to your family members
- This credit card allows contactless transactions, speedier checkouts, and total security
- The card is protected by 3D secure OTP verification
- The cashback earned on this credit card may be used across the Standard Chartered Credit Cards rewards programme
- You may also get a loan against your Standard Chartered Smart Credit Card worth up to Rs. 5 lakhs with a flexible repayment period ranging from 12 to 60 months
Suggested Read: Best Cashback Credit Cards
Should you get this card?
The Standard Chartered Smart Credit Card pays cashback on all purchases, with a maximum of Rs. 1,000 for online purchases and Rs. 500 for all other purchases. As a result, the most you may save every year is Rs. 12,000 for online purchases and Rs. 6,000 for other costs. You can save up to Rs. 18,000 each year in total. However, in addition to the cashback offers, the card does not provide benefits such as lounge access, welcome offers and fuel surcharge waiver. Before making a final decision on having this card added to your wallet, you can consider looking for alternative rewards credit cards that offer all-round benefits.
Standard Chartered Smart Credit Card is an entry-level card offering cashback on all online and offline purchases. However, the card offers very limited benefits and can be a good option for people who are new to credit and spend moderately via credit cards. For people who for credit cards offer all-round benefits and perks, this is not a suitable option.