Standard Chartered Super Value Titanium Credit Card Review: Competitive Cashback Rate on Fuel, Utilities and Phone Bills

Standard Chartered Bank Super Value Titanium credit card aims to be a fuel, rewards and cashback credit card, all at once. You will get direct cashback on certain transactions such as fuel and utility bill payment whereas other transactions would earn 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. Here is our detailed review of the card which will help you understand if this card is the right choice for you.

Read more about the card in detail

100% cashback as Welcome Benefit

Get 100% one-time cashback of up to Rs. 1,500 on fuel spends made within the first 90 days of your card issuance. 

It is true to say that the card only justifies the annual fee of Rs. 750 for the first year only by providing 100% one-time cashback as a welcome benefit. Overall an annual fee of Rs. 750 makes the card a bit expensive considering that the waiver amount is Rs. 90,000.

5% Cashback Offer on Fuel & Utilities

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

The Standard Chartered Super Value Titanium Credit Card is one of the best cashback cards in India for fuel purchases and it also offers the highest cashback for utilities and phone bill payments. The maximum cashback offered by the card is 5% in the above spending categories. 

However 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 card offers 1 Reward Point per Rs. 150 on all other categories apart from the ones mentioned above. However, the Super Value Titanium Card does not provide accelerated reward points on any spend category. The card offers a low rewards rate of 0.16% (1 point per Rs. 150 spent, 1 point = 0.53). 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 this 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

Should you get this Card?

If you want to get a credit card that offers  cashback on fuel, utilities, and phone bills together then Standard Chartered Super Value Titanium Credit Card is a good option. It earns a 5% cashback on all the three categories. However, the rewards on other categories outside these three are below average (1 reward point on every Rs. 150 spent).  The card offers 5% cashback on fuel spends, subject to Rs. 750 minimum transaction, with a maximum cashback of Rs. 200 per month. This card comes with a low annual fee of Rs. 750 which is also waived off for Standard Chartered Personal Banking users and also on spending a certain amount annually. SC Premium Banking customers will also receive a monthly visit to Priority Pass airport lounges. If you are a high-spender who puts maximum expenses on the credit card, it is a good option. The more you spend, the more reward points you will earn. 

If you are willing to get a card that provides multi-faceted benefits on other categories such as travel, shopping, entertainment, etc., you should consider some other credit cards such as HDFC Regalia, Citi Cashback, and more.

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 an annual fee of Rs. 750, 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.