Standard Chartered Platinum Rewards Credit Card

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: