Standard Chartered Rewards Credit Card
Standard Chartered Bank
A solid general-purpose rewards card with no joining fee and a genuinely achievable fee-waiver threshold.
Free
Joining fee
₹1,000, waived at ₹1.5L spend
Annual fee
Rs 1,000 annual fee reversed on spends of Rs 1,50,000+ in the previous year; alternatively 4,000 bonus reward points (~Rs 1,000 value) credited within 60 days if the spend threshold isn't met.
3.5%
Forex markup
4.5 / 5
Rating
Eligibility
Estimated minimum income: ₹35,000+/month
Estimated — not officially confirmed by the bank.
Estimated minimum CIBIL score: 700+
Estimated — not officially confirmed by the bank.
Documents required include salary slip for salaried applicants and IT returns for self-employed, implying both employment types are accepted; no age/income/CIBIL minimums found.
Lounge access
4 domestic / 0 international visits per year
Key features
- 4 pts/₹150 retail, doubled above ₹20k monthly spend (capped)
- fee waived at ₹1.5L prior-year spend
Reward details
4 reward points per Rs 150 on retail spends (except Government, Insurance, Fuel)
- additional 4 points per Rs 150 on Retail spends above Rs 20,000/month — 2,000 bonus points/statement cycle
Category caps
- Government/Insurance spends: reduced to 1 point per Rs 150
Redemption
Via rewards catalogue or as statement credit; minimum 1,000 points required; Rs 99 redemption fee applies
Ratio: 1 point = Rs 0.25 (catalogue) or Rs 0.20 (statement credit)
Excluded from rewards: fuel, cash withdrawals/advances, returned purchases, unauthorized/fraudulent/disputed transactions
- EMI conversions do earn reward points (official-confirmed)
- 1% fuel surcharge waiver (min Rs 400, max Rs 2,000/transaction, capped Rs 400/month)
Real-world feedback
Sourced from user reviews and comparison sites (aggregator/user-sourced), not confirmed by the bank.
Praise
- Up to 8X reward points achievable on qualifying spend increments; free domestic lounge access; low fee-waiver spend threshold — Paisabazaar
Complaints
- Accelerated rate only above Rs 20,000/month with a cap; low redemption value; no significant dining/movie/travel benefit — Paisabazaar
Sources
- Official — fees, eligibility documents, rewards
- Aggregator — fees, rewards, sentiment