Standard Chartered Ultimate Credit Card
Travel
Reward Points
1st Year Fee: ₹5,000* Plus Applicable Taxes
Rewards
3.33% back as reward points on all spends
Travel
Low foreign exchange mark-up fee of 2%
Lounge Access
Up to 12 lounge visits every year
Find Best Credit Card Offers
It hardly takes 2 minutes
+91
0 /10 Digits
Don't worry, this will not affect your credit score
The entered number doesn't seem to be correct
About Standard Chartered Ultimate Credit Card
Standard Chartered Ultimate is a premium credit card offering 3.33% value-back across multiple spending categories, matching top premium cards like HDFC Diners Club Black and HDFC Infinia. It also provides notable travel benefits, including 5% cashback on duty-free purchases and a low forex mark-up of 2%. Up to 12 complimentary rounds annually at premier golf courses in India further add to its benefits. However, the card falls short on lounge access, offering 12 free visits per year with a spend-based condition. Additionally, its lifestyle perks in categories like dining and entertainment are limited.
Despite lacking on additional benefits, the card’s core rewards program is strong. It stands out for its broad reward coverage, including utilities, insurance, and education—categories often excluded by other cards. If you are a high-spender and do not seek air mile conversion and prefer redemption through vouchers and merchandise, this card can be a great fit.
Note: This card is not available on Paisabazaar.com. The content on this page is for information only. To express interest in this card, please visit the Standard Chartered Bank website.
Rewards Program & Welcome Benefits
Rewards Program
- 5 reward points for every Rs. 150 spent1
- 3 reward points for every Rs. 150 spent on utilities, supermarkets, insurance, property management, schools & government payments
- Value of 1 reward point = Rs. 1 (redeemable through Standard Chartered Bank’s 360° rewards portal, against products and vouchers)
Welcome & Renewal Benefit
- 6,000 bonus reward points worth Rs. 6,000 on card activation
- 5,000 bonus reward points on card renewal2
Other Features & Benefits
- Low Forex Mark-up: Foreign currency mark-up fee of 2% on international spends
- Cashback: 5% cashback on duty-free spends (up to Rs. 1,000 per statement cycle)
- Lounge Access Benefits:
- Complimentary Priority Pass membership worth $99
- 1 free lounge visit* per month on spending Rs. 20,000 in the previous billing cycle
- 4 complimentary domestic airport lounges per quarter
- Golf Benefits: 1 complimentary golf game per month across premier golf courses in India.
- Insurance: Air travel accident coverage of up to Rs. 1 Crore and medical insurance worth $25000
Standard Chartered Ultimate : Fees & Charges
| Fee Type | Amount | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Annual Fee | Rs. 5,000 + Taxes | ||||||||||||||
| Renewal Fee | Rs. 5,000 + Taxes | ||||||||||||||
| Finance Charges | 3.75% per month| 45.00% per annum | ||||||||||||||
| Late Payment Charges |
|
Things to Know Before you apply
Get this card if:
You want a card that offers a good reward rate across all spends without charging a high annual fee
You play golf a few times in a year and complimentary access to premier golf courses would be a valuable benefit for you
You already own a card that offers good lounge access benefit
You are looking for a card that helps you save on utilities, insurance, etc.
Other Similar Cards:
SBI Card Elite
HDFC Diners Club Black Credit Card
HDFC Infinia Credit Card
YES Marquee Credit Card
Paisabazaar Review
What do we like about this card?
At an annual fee of Rs. 5,000, Standard Chartered Ultimate Credit Card offers an impressive 3.33% reward rate across all spends, which is on par with premium cards like HDFC Diners Club Black. The 1:1 redemption ratio adds value, and while options are limited to vouchers and merchandise via the 360° Rewards Portal, it remains a solid choice for those who can maximize value through vouchers. Additional benefits like cashback on duty-free purchases and a low forex mark-up fee enhance its appeal, especially for international travellers.
Pros
- Reward rate of 3.33% across all spends including insurance and utilities
- 1:1 rewards redemption ratio
- 12 complimentary golf games in a year at leading golf courses in India
- Welcome benefit compensates for the joining fee
- Low forex mark-up fee of 2% on international spends
- 5% cashback on duty-free spends
Cons
- Lounge access is spend-based
- Capping on cashback earning
- Limited lifestyle benefits
Conclusion
Despite strong rewards, Standard Chartered Ultimate Credit Card has some limitations. Lounge access is capped at 12 visits per year with spend-based condition, falling short of other premium cards and even some mid-range cards. Golf benefits, though marketed as a strong USP, are underwhelming compared to other premium cards offering unlimited access. The card delivers solid value to high-spenders who do not seek air mile conversions. However, those looking for comprehensive travel benefits will find better premium credit cards, though at a slightly higher cost.
Frequently Asked Questions
Everything you need to know about this credit card
The additional benefits offered on Standard Chartered Ultimate credit card include digital payment solutions, online banking, and conversion of transactions above Rs. 5,000 to EMI. Apart from that, the card also offers dial-a-loan facility for a loan up to Rs. 5 Lakh for tenures ranging between 12 to 60 months.
Yes, Standard Chartered Ultimate credit card provides the facility of ‘Balance Transfer’ via which you can transfer your outstanding balance on any other bank’s credit card. You can transfer card balance up to Rs. 5 lakh to Standard Chartered Ultimate Credit Card. However, this may vary as per your credit limit.
Yes, a foreign exchange mark-up fee of 2% (plus 18% GST) will be applicable on all transactions made in foreign currency.
The bonus 6,000 reward points on card activation are credited within 60 days of receiving of joining fee payment by the issuer.
Accumulated reward points can be redeemed for vouchers and merchandise purchase from Standard Chartered Bank’s 360° Rewards Portal.
Footnotes
- Exclusions from rewards program: Fuel, cash advances, returned purchases, disputed or unauthorized/fraudulent transactions.
- Bonus points on card renewal are not offered if renewal fee payment is converted into balance on EMI.
Click here to know More Terms and Conditions
Megha Khanna
Megha is an experienced writer with a specialization in credit cards and personal finance. With a keen eye for detail and a passion for helping readers make informed financial choices, she creates engaging content that demystifies the complexities of credit cards, from rewards and benefits to interest rates and fees.
Explore other Card Categories
Explore Cards from Leading Issuers
Check eligibility for best credit cards
Check Eligibility