Standard Chartered Rewards Credit Card
- Joining fee
Nil
- Annual fee
Rs. 1,000 + GST
- Best suited for
Shopping
- Reward type
Cashback
Rewards
- 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 card’s statement balance.
Benefits
- Travel
Complimentary domestic lounge access every quarter.
- Domestic lounge
1 free domestic lounge access every quarter, i.e. 4 per year.
Fees & charges
- Spend-based waiver
Renewal Fee Waived on Spending ₹1.5 Lakhs or More
- Rewards redemption fee
Rs. 99
- Foreign currency markup
3.5% of the transaction amount
- Interest rates
3.75% per month
- Fuel surcharge waiver
1% fuel surcharge waiver on all fuel transactions
- Cash advance charges
3% of the withdrawn amount subject to a minimum of Rs. 300
Product highlights
- 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.
FAQs
Can I redeem the Rewards earned using SC Rewards Credit Card against cashback?
Yes, the Reward Points earned using the SC Rewards Credit Card are redeemable against the card’s statement balance at a rate of 1 Reward Point = Re. 0.20.
Is the Standard Chartered Rewards Credit Card lifetime free?
No, the SC Rewards Credit Card is not lifetime free. It has no joining fee, but there is an annual fee of Rs. 1,000.
What is the minimum eligible age to apply for the SC Rewards Credit Card?
The minimum eligible age to apply for this credit card is 18 years for primary as well as supplementary credit cards.
Do I get complimentary lounge access with the SC Rewards Credit Card?
Yes, you get 1 complimentary domestic lounge access every quarter with this credit card.