Standard Chartered Super Value Titanium Credit Card Review

Standard Chartered Bank Super Value Titanium credit card aims to be a fuel, rewards and cashback credit card, all at once. Users get direct cashback on certain transactions such as fuel and utility bill payment whereas other transactions would earn them reward points. The card charges an annual fee of Rs. 750, which is higher than what other popular rewards and cashback credit cards charge. So, let us understand the benefits offered by Standard Chartered Bank Super Value Titanium Credit Card and whether they are worth the annual fee charged.

5% Cashback Offer on Fuel & Utilities

You will get the following cashback benefits on Standard Chartered Bank Super Value Titanium credit card:

The cap on the cashback amount is quite a disappointment considering there are other cards that give excellent cashback benefits across all categories for a similar or lower annual fee.

Rewards Program

The reward rate on the credit card is 1 Reward Point per Rs. 150 spent which is on par with the cards in this fee range. However, the Super Value Titanium Card does not provide accelerated reward points on any spend category. Hence, as long as the rewards are considered, the card does not have much to offer.

Lounge Access

Premium banking customers will get free membership to Priority Pass Program along with one free visit per month.

The eligibility criteria to become a Premium banking customer are:

• Minimum average monthly Funds Under Management must be Rs. 15 lakh
• Minimum monthly salary credit into Standard Chartered salary account must be Rs 1.5 lakh
• Approved mortgage amount must be Rs. 1 crore or more initially. Thereafter, they must maintain an outstanding mortgage balance over Rs. 1 crore

Standard Chartered Bank is asking a lot from its priority clients. However, it does not reciprocate with worthwhile offers. It only offers Priority Pass Membership (worth USD 99) with 1 free visit per month which will not even cover a return journey.

Suggested Read: Best Credit Cards for Airport Lounge Access

Good Life Program

Standard Chartered Super Value Titanium Credit Card also offers membership to The Good Life Program. Under the program, you can get dining, shopping and travel-related benefits in India and overseas. The benefits are regularly updated and are applicable to almost all Standard Chartered Bank Credit Cards.

SCB Super Value Titanium Card: Comparison with Fuel Credit Cards

If you commute or travel via your own vehicle then you will find a standalone fuel card useful. Fuel cards can take off some of the burdens from your monthly fuel spends.

A comparison of Standard Chartered Super Value Titanium Credit Cards against top fuel cards in India is given below.

As you can see, Standard Chartered Super Value Titanium  Credit Card does not fare well against other fuel cards.

The IndianOil Citibank® Platinum Credit Card charges an annual fee of Rs. 1,000. However, the amount is waived off if annual spends cross Rs. 30,000, which is 1/3^rd of the waiver amount of Super Value Titanium Credit Card.

The income eligibility of Super Value Titanium credit card is Rs. 55,000 p.m. which takes the card out of reach for a number of customers. If you are not eligible for this card then you can explore other fuel credit cards like the IndianOil HDFC Credit Card or the ICICI HPCL Coral Credit Card.

SCB Super Value Titanium Card: Comparison with Cashback Credit Cards

Fuel cards tend to limit their benefits to fuel only. They reward spends in the form of free fuel, cashback, accelerated reward points and so on. Cashback cards; however, credit a percentage of your expenses directly into your credit card account.

Top Cashback cards for your consideration are:

The main reasons why you should consider applying for a Cashback card over a Rewards card are:

• You do not have to keep track of all your reward points and worry about their validity
• Reward points generally are valid for a period of 2-3 years
• The redemption fee of reward points is about Rs. 99

Conclusion

Standard Chartered Super Value Titanium Credit Card tries to be both a fuel card and a cashback card but fails to be either. Also, at Rs. 750 p.a. the card is a bit on the expensive side considering that the waiver amount is Rs. 90,000. This puts it out of reach of many customer’s annual spends.