Standard Chartered Bank
Standard Chartered Platinum Rewards Credit Card
Dining
Reward Points
Fuel
1st Year Fee: ₹250* Plus Applicable Taxes
Dining
5X reward points on dining spends
Fuel
5X reward points on fuel spends
Rewards
1 reward point per Rs. 150 spent
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About Standard Chartered Platinum Rewards Credit Card
Standard Chartered Platinum Rewards Credit Card is an entry-level card primarily designed to offer benefits on dining and fuel spends. Cardholders can earn 5X reward points (5 points per Rs. 150) on dining and fuel, without any monthly capping. While many cards either exclude fuel from their rewards program or limit the accelerated rewards, this card’s unlimited accelerated rewards give it an edge over other entry-level cards.
For other spends, the card offers a base reward rate of 1 point per Rs. 150 spent. Cardholders can redeem the accumulated reward points against gift vouchers and products & items through the rewards catalogue at a value of 1 RP = Rs. 0.25.
While the card does not charge any annual fee, it comes with a joining fee of Rs. 250, which gets waived off on spending Rs. 500 within the first 30 days, an easily achievable threshold even for low spenders. Overall, this card is a suitable option for consumers whose monthly spends are largely focused on fuel and dining.
Note: This Card is not available on Paisabazaar. The content on this page is for information only. To express interest in this card, please visit Standard Chartered Bank’s website.
Rewards & Other Benefits
Rewards Program
- 5 reward points for every Rs. 150 spent on dining and fuel, with no monthly capping
- 1 reward point for every Rs. 150 spent on other categories
- Redeem reward points at a value of 1 RP = Rs. 0.25
Joining Fee Waiver
- Joining fee waiver on spending Rs. 500 or more within 30 days of card issuance1
Instant Approval
- Cardholders will get instant approval without any documentation
Standard Chartered Platinum Rewards Credit Card: Fees & Charges
| Particulars | Amount | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Joining Fee | Rs. 250 + Applicable Taxes | ||||||||||||
| Annual Fee | Nil | ||||||||||||
| Finance Charges | 3.75% p.m. (45% p.a.) | ||||||||||||
| Late Payment Charges2 |
|
Things to Know Before you apply
Get this card if
You are looking for an entry level credit card with basic benefits
You frequently spend on dining & fuel, and want to earn accelerated rewards on these categories
You are looking for a credit card with no annual fee
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Paisabazaar Review
What do we like about this card?
Standard Chartered Platinum Rewards Credit Card is best suited for consumers who spend significantly on fuel and dining every month. With this card, cardholders can earn 5X reward points on dining and fuel spends without any monthly capping, enhancing its overall value. Besides this, cardholders can earn a base reward rate on all other spends. However, it\'s important to note that this is an entry-level card that does not have much to offer apart from reward points. This is a good option for consumers who are looking to start their credit journey with a simple and rewards-based card.
Pros
- 5X reward points on dining and fuel spends
- No monthly capping on accelerated reward points
- Instant approval without any documentation
- Joining fee waiver with easily achievable spend threshold
Cons
- Low base reward rate on spends other than dining & fuel
- Low reward redemption value of Rs. 0.25 per point
- No travel and lifestyle related benefits
Frequently Asked Questions
Everything you need to know about this credit card
Yes, Standard Chartered Platinum Rewards Credit Card is a good option for those seeking decent rewards without paying an annual fee. With this card, you can earn 5X rewards on fuel and fine dining without any monthly capping, along with base rewards on other spends.
Yes, Standard Chartered Platinum Rewards Credit Card provides the facility of ‘Balance Transfer’ through which you can transfer your outstanding balance on any other bank’s credit card.
Yes, this card charges a forex markup fee of 3.5%. Therefore, it may not be the best choice for international transactions. If you frequently spend abroad, you can consider opting for a card with a low or zero forex markup fee.
You can apply for this card online by visiting the official website of Standard Chartered Bank. You are required to fill out the application form, and if eligible, your card may be issued instantly.
You can redeem your accumulated reward points by logging into Standard Chartered\'s net banking portal and choosing from a variety of options such as gift vouchers, items, and more.
Footnotes
- This benefit will only be applicable to those who have submitted the credit card application electronically through the digital channel as prescribed by the bank.
Click here to know More Terms and Conditions
Shruti Sharma
Shruti Sharma is a skilled content writer with a passion for simplifying personal finance for consumers. Specializing in credit cards and financial planning, she offers valuable insights that empower individuals to make informed financial choices. Through her writing, she shares practical tips and guides readers through the nuances of credit card usage.
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