By Shubham Sharma
Updated On August 24, 2022

Standard Chartered Platinum Rewards Credit Card offers you exciting rewards on your purchases. The card carries an annual charge of Rs. 250, and welcomes you with exclusive offers worth more than the joining fee itself. For every transaction done with the card, you get 1 reward point and 5 reward points per Rs. 150 you spend on dining and fuel purchases. The points earned are easily redeemable against various products and vouchers of your choice.

Besides that, you can also get up to 100% cashback on dining spends within ninety days of your card issuance. You also get a waiver on a renewal fee of Rs. 250 on annual spending of Rs 60,000 in the previous year. To learn more about the card keep reading.

(4.3/5)

Best Suited For

Dining | Fuel |

Joining Fee

Rs 250/- plus applicable taxes

Reward Type

Reward Points |

Product Details

  • Amazon Pay gift card worth up to Rs. 500.
  • 100% cashback up to Rs 500 on spending with Restaurant spends first 90 days.
  • 5X Reward Points on every Rs 150 spent on dining and fuel transactions.
  • Earn 1 reward point per Rs 150 you spend on all other categories.
  • Renewal Fee Waiver on an annual spend of Rs 60,000 or above in the last year.

Rewards and Benefits

Welcome Benefits

Amazon Pay gift card worth Rs. 500 and 100% cashback on dining transactions up to Rs. 500.

Movie & Dining

NA

Rewards Rate

1 reward point per Rs 150 you spend on all categories and 5 reward points per Rs 150 you spend on dining and fuel transactions

Reward Redemption

The reward points earned are redeemable against retail items and vouchers at a rate of 1 RP = Re. 0.25.

Travel

NA

Golf

NA

Domestic Lounge Access

NA

International Lounge Access

NA

Insurance Benefits

NA

Zero Liability Protection

The liability of any fraudulent transaction done on the card after the card has been reported lost or stolen to the bank will not fall on the cardholder.

Fees & Charges

Joining Fee

Rs 250/- plus applicable taxes

Renewal Fee

Rs 250 plus applicable taxes

Spend based Waiver

The annual fee can be waived if you spend Rs. 60,000 or more in the previous year.

Rewards Redemption Fee

Rs 99 per redemption request

Rewards Redemption Fee

Rs 99 per redemption request

Foreign Currency Markup

3.5% on the transaction amount

Interest Rates

3.75% per month (45% per annum)

Fuel Surcharge

1% fuel surcharge waiver on all fuel transactions

Cash Advance Charge

3% on cash withdrawal subject to a minimum charge of Rs 300

Add-on Card Fee

Nil

Standard Chartered Platinum Rewards Credit Card Features and Benefits

The Platinum Rewards Credit Card issued by Standard Chartered Bank is an entry-level credit card having a decent reward rate along with several basic features that are listed further in this article:

Welcome Benefits

  • Get a cashback of up to 100% up to Rs. 500 on your dining spends within the first ninety days of card set-up.
  • You also get an Amazon Pay gift card worth Rs. 500.

Spend Based Joining & Renewal Fee

Get a waiver on the renewal fee on spending Rs. 60,000 or more in the preceding year.

Standard Chartered Platinum Rewards Credit Card Reward Rate

  • Get 1 reward point per Rs. 150 you spend on all categories.
  • You get 5 reward points per Rs. 150 you spend on dining and fuel transactions with no monthly capped limit on your purchases with platinum rewards card.

Reward Redemption

  • The Reward Points earned are redeemable through net banking or at the 360 rewards portal.
  • Reward points are also redeemable by calling the Standard Chartered Bank customer care.
  • Redeem earned points against retail items and gift vouchers (at a rate of 1 RP = Re. 0.25).

Standard Chartered Platinum Rewards Credit Card Fees and Charges

Following are the important fees and charges associated with the StanChart Platinum Rewards Credit Card:

  • The joining & renewal fee of the Standard Chartered Platinum Rewards Card is Rs. 250.
  • The Finance charges applicable on this credit card are 3.75% monthly.
  • 3.5% of the foreign currency transaction amount is applicable as the forex markup fee on this card.
  • The cash advance fee of 3% of the transacted amount subject to a minimum of Rs. 300 is applicable on cash advances.

Standard Chartered Platinum Rewards Credit Card Eligibility Criteria

Following are the criteria that need to fulfilled by the applicant in order to be eligible for the Standard Chartered Platinum Rewards Credit Card:

  • The applicant should be between 21 – 65 years of age.
  • The additional cardholder’s minimum age is subject to 18 years.
  • Salaried or Self-employed applicants should be having a minimum Gross Monthly Income of Rs 20,000/-

Documents Required

The table given below summarizes the types of documents that are acceptable when applying for the card:

Document Proof Documents acceptable
Identity Proof PAN Card, Ration Card, Aadhaar card, Voter’s ID, etc.
Address Proof Passport, Driving License, Utility Bills, Aadhaar card, Ration card, etc.
Income Proof Latest bank statements or salary slips, Latest ITR.

How To Apply For The Standard Chartered Platinum Rewards Credit Card?

If you wish to apply for the Standard Chartered Platinum Rewards Credit Card then there are both offline and online methods that you can follow. For the offline procedure, you need to visit your nearest SC branch if it is available in the city you live and fill in the application form, and submit all the necessary documents. However, if you wish to apply online, then the following steps will help you to apply online through Bank’s website:

  • Visit Standard Chartered bank’s official website.
  • Click ‘Credit Card.’
  • Choose the Standard Chartered Platinum Rewards Credit Card.
  • Click on Apply Now and proceed with the application.

Conclusion

The Standard Chartered Platinum Reward credit card is would be a good choice for you in case you are a person with no credit background and looking to apply for one. This card gives you a great reward rate on spending on all categories and you also get up to 5x reward points per 150 spent on dining and fuel. This card carries a nominal renewal fee of Rs  250 on which a spend-based waiver is provided on an annual spend of Rs 60,000 or more. But, if you are a high-end customer this card might not be a great choice for you since this card does not provide you with enough rewards and benefits.

Another basic credit card that you must look for is the American Express SmartEarn Credit Card, which is an affordable credit card with great deals. This was the Standard Chartered Platinum Rewards Credit Card review. Make sure to drop your take on the card in the comments below:

FAQs:

You 5 reward points per Rs 150 you spend on dining and fuel transactions

The card carries an annual fee of Rs. 250 + applicable taxes

Interest rates of 3.75% per month (45% per annum) are charged on the card.

Rs 99 per redemption request

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