Cardholders can now earn exclusive rewards on shopping and lifestyle expenses using their Standard Chartered Platinum Rewards Credit Card. The reward points can be used to pay off the credit card bills or buy vouchers and merchandise. To know more about this SCB Credit Card, read below.
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Key Highlights of SCB Platinum Rewards Credit Card | |
| Card Type | Entry-level |
| Best Suited For | Shopping |
| Annual Fee | Rs. 250 |
| Minimum Income Required | Salaried – Rs. 32,500 p.m. Self-Employed – Rs. 550,000 p.a. |
| Welcome Benefit | NA |
| Best Feature | 5x Reward Points on every Rs. 150 spent on fine-dining and fuel |
| Paisabazaar Rating | ★★★(3/5) |
| On this page |
The features of Standard Chartered Platinum Rewards credit card are as follows:
Rewards on Dining and Fuel
Renewal Fee offer – Renewal fee is waived off on spending Rs. 60,000 in a year.
Refer to the table below for the fees and charges applicable on this credit card-
| Fee Type | Amount |
| Joining Fee | Rs. 250 |
| Annual Fee ( second year onwards) | Rs. 250 |
| Finance Charges | 3.75% p.m. is annualized to arrive at an APR of 45% |
| Late Payment Fee |
|
*For the most important terms and conditions of the Standard Chartered Platinum Rewards Credit Card, Click Here.
| Criteria | Details |
| Occupation | Available to both Salaried and Self-employed |
| Minimum Income for Salaried Applicants | Rs. 32,500 per month |
| Minimum Income for Self-employed Applicants | Rs. 32,500 per month |
| Serviceable Cities | Click here for the list of eligible cities |
| Documents Required | Click here to see the list of acceptable documents |
No income documents are needed for Standard Chartered Credit Cards when applied via Paisabazaar.
*T&C Apply
The Standard Chartered Platinum Rewards Credit Card is one of the best credit cards for rewards and benefits on multiple categories such as Travel, shopping, entertainment, and more. With a low annual fee of Rs. 250, the rewards that this card is offering are a great deal. You can enjoy a higher rewards rate of 3.3% on dining and fuel spends, as compared to other reward-based credit cards. The best part is that there is no monthly cap on rewards earned. However, you will earn 1 reward point on every Rs. 150 spent on all other categories, which may not satisfy the cardholders. If you are moderate to high-spender who puts most of the expenses on the credit card, you can consider this option.
| Credit Card | Annual Fee | Reward Points | Net Savings |
| Standard Chartered Platinum Rewards Credit Card | Rs.250 | Earn 1 reward point on every spending of Rs. 150 on all the other categories | Rs.8,510* Rs. 9,782** |
| ICICI Bank Coral Contactless Card | Rs.500 | Earn 2 PAYBACK points per Rs. 100 spent | Rs.10,636* Rs.15,772** |
| Yatra SBI Card | Rs.499+ Taxes | Earn 6 reward points on every Rs. 100 spent on departmental stores, grocery, dining, movies, entertainment, and international spends and 1 reward point on every Rs. 100 spent on all other categories | Rs.13,451* Rs.19,151** |
| HSBC Smart Value Credit Card | Rs.499 | Earn 1 reward point for every Rs. 100 spent and 3X accelerated reward points on online, dining, and telecom categories | Rs.7,174* Rs.10,662** |
*On spending Rs.2 lakh annually
**On spending Rs.4 lakh annually
Can I transfer my outstanding balance on any other bank’s credit card?
Yes, Standard Chartered Platinum Rewards credit card provides the facility of ‘Balance Transfer’ via which you can transfer your outstanding balance on any other bank’s credit card.
Are my online transactions secured?
Yes, all the online transactions are secured with the feature of 3D secure OTP verification.
What are the identity proofs required to apply for a Standard Chartered Platinum Rewards credit card?
The identity proofs required to apply for Standard Chartered World Emirates credit card are:
Will I be charged if I use my card overseas?
All the overseas transactions are levied with a 3.5% transaction fee.
What is the Goods and Services Tax (GST)?
Goods and Services Tax (GST) is an indirect tax (or consumption tax) imposed in India on the supply of goods and services.
Replacement for the lost card happened at a reasonable rate of INR 100.
The agents and team are available for assistance all round the clock.
On account of lost card, I contacted the team and they helped me out!
This is only INR 100 fee applicable for the redemption of the rewards.
When I had lost my card, the agents gave me an emergency replacement.
I truly appreciate the concierge service that comes with this card.
