Standard Chartered Rewards Credit Card

Standard Chartered has recently launched the exclusive Rewards Credit Card, which is targeted at those who prefer making most of their retail purchases using their credit card. The card comes with a zero joining fee and a renewal fee of Rs. 1,000, which can be waived on the basis of your total annual spends in the previous year. Talking about the reward rates of this card, it provides you with an amazing opportunity to earn up to 4x Reward Points on your spends. Moreover, you earn additional 4x Rewards after achieving the monthly spending milestone. Apart from its reward benefits, the card has exciting privileges across other categories as well. You get free lounge access to selected domestic airport lounges and various other benefits.

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Note: It will not affect your score

Standard Chartered Rewards Credit Card

Joining Fee

Rs. 0 + GST

Renewal Fee

Rs. 1,000 + GST

Best Suited For

Shopping

Reward Type

Cashback

Welcome Benefits

reward and benefits +

Movie & Dining

NA

Rewards Rate

4 Reward Points on every retail spend of Rs. 150, 1 RP on every Rs. 150 spent on government payments and insurance.

Reward Redemption

1 RP = Re 0.25 for redemption against the Rewards catalog and 1 RP = Re. 0.20 for redemption against the cards statement balance.

Travel

Complimentary domestic lounge access every quarter.

Golf

NA

Domestic Lounge Access

1 free domestic lounge access every quarter, i.e. 4 per year.

International Lounge Access

NA

Insurance Benefits

NA

Zero Liability Protection

The cardholders are not liable for any fraudulent transactions made against a lost/stolen card if reported to the bank in a timely manner.

free & charges +

Spend Based Waiver

The renewal fee is waived on spending Rs. 3 lakhs or more in the previous year.

Interest Rates

3.75% per month

Rewards Redemption Fee

Rs. 99

Fuel Surcharge

1% fuel surcharge waiver on all fuel transactions

Foreign Currency Markup

3.5% of the transaction amount

Cash Advance Charges

3% of the withdrawn amount subject to a minimum of Rs. 300

product details +

  • Earn 4x Reward Points on all retail spends.
  • 1x Rewards on insurance and government payments.
  • Additional 4x Reward Points on all spends after achieving the monthly milestone.
  • Complimentary domestic lounge access every year.
  • 1% fuel surcharge waiver on all fuel purchases.
  • Spend-based waiver of the renewal fee.

pros / cons +