Standard Chartered Platinum Rewards Credit Card rewards its users for shopping and lifestyle expenses. Accumulated reward points can be used to get vouchers and merchandise or to pay off the credit card bills. Read on to know more about the features and benefits of this SCB Credit Card.
Standard Chartered Platinum Rewards Credit Card Features
The features of Standard Chartered Platinum Rewards credit card are as follows:
Rewards on Dining and Fuel
- Earn 5 reward points for every INR 150 spent on dining and fuel. No monthly cap on the rewards earned using this rewards credit card.
- Earn 1 reward point, with the best rewards credit card by SC, for every INR 150 spent on all other categories.
Renewal Fee offer – On spending Rs.60,000 or more in a year, the renewal fee gets waived off.
The Good Life Dining Offers – The customers can get 15% off at over 850 restaurants across India
Entertainment Offers – 25% off on Inox movie tickets on select days (t&c apply)
Also Read- Standard Chartered Credit Card Reward Points
Standard Chartered Platinum Rewards Credit Card Fees and Charges
Refer to the table below for the fees and charges applicable on this credit card-
|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 most important terms and conditions of Standard Chartered Platinum Rewards Credit Card, Click Here.
Pros and Cons
|5x rewards rate on dining and fuel||Low rewards rate on other spends|
|No monthly capping on rewards earned||High foreign exchange markup fee of 3.5%|
|Extensive offers on dining, travel, entertainment||–|
Should you get this card?
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 a moderate to high-spender who puts most of the expenses on the credit card, you can consider this option.
Besides, the card offers satisfactory travel and entertainment rewards to its users. For instance, you can fetch up to 15% discount at MakeMyTrip, up to Rs.2000 cashback on shopping from BIBA, Hamleys, Central, Croma, and many more outlets, and 20% instant discount at Zomato and EazyDiner. So, if you want a credit card that earns good rewards on dining, fuel transactions, travel, etc., this is a good option.
Compare Similar Credit Cards by Other Banks
|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*|
|ICICI Bank Coral Contactless Card||Rs.500||Earn 2 PAYBACK points per Rs. 100 spent||Rs.10,636*|
|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*|
|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*|
*On spending Rs.2 lakh annually
**On spending Rs.4 lakh annually
Standard Chartered Platinum Rewards Credit Card Eligibility Criteria
|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.
How to Apply for Standard Chartered Platinum Rewards Credit Card
Customers who want to enjoy all the benefits and features of Standard Chartered Platinum Rewards credit card can apply for it through our site. The steps are:
- Click here to start your application process
- Provide the details asked for
- Post submission the user will be able to see all the eligible cards. Filter out the Standard Chartered Bank credit cards
- Click on ‘Check Eligibility’ against Standard Chartered Platinum Rewards credit card
- Continue to provide all the required information
Post form submission an agent from Paisabazaar will call the customer to fix a date and time for document collection. The bank will then verify the documents. Post verification the bank will dispatch the credit card. The entire process takes about 15 to 20 days.
Frequently Asked Questions (FAQs)
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 secured with the feature of 3D secure OTP verification.
What are the identity proofs required to apply for Standard Chartered Platinum Rewards credit card?
The identity proofs required to apply for Standard Chartered World Emirates credit card are:
- Aadhaar Card
- Any one of the following photo cards:
- PAN Card
- Voter ID Card
- Government ID
Will I be charged if I use my card overseas?
All the overseas transactions are levied with 3.5% transaction fee.
What is 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.
Other Reward Credit Cards
People also looked for the following reward credit cards:
|Credit Card||Annual Fee||Key Feature||Paisabazaar Rating|
|Earn 1 reward point for every Rs. 125 spent|
Earn 10X reward points on apparel and departmental store spends
|Earn 5X reward points on dining and fuel spends|
Earn 1 reward point on every spending of Rs. 150 on all the other categories
|Earn 3 reward points on every Rs. 100 spent on Grocery and Supermarket spends|
Earn 2 reward points are earned per Rs. 100 spent on other categories
|Earn 1000 Reward Points on successful sign-up|
Earn 3 Reward Point per Rs. 150 spent on retail