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Standard Chartered Platinum Rewards Credit Card offers you exciting rewards on your purchases. The card carries an annual charge of Rs. 250, which can be waived by spending Rs. 500, making it lifetime free 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. To learn more about the card, keep reading.

Standard Chartered Platinum Rewards Credit Card
(4.3/5)

Joining Fee

Nil

Renewal Fee

Nil

Best Suited For

Dining | Fuel |

Reward Type

Reward Points

Welcome Benefits

N/A

Movie & Dining

N/A

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

N/A

Domestic Lounge Access

N/A

International Lounge Access

N/A

Golf

N/A

Insurance Benefits

N/A

Spend-Based Waiver

Spend Rs. 500 from the date of card issuance to waive the annual/joining charges

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

N/A

Cash Advance Charges

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

 

  • 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 spend of Rs. 500 in the first 30 days.

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:

Lifetime Free

By spending Rs. 500 in the first 30 days of card issuance, you can avail this card as LTF.

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 a 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 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. Lifetime free if you spend Rs. 500 within the first 30 days of card issuance.
  • The interest 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

The following are the criteria that need to be fulfilled by the applicant in order to be eligible for the Standard Chartered Bank 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 have 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 where you live, 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:

  • Click on Apply Now.
  • Fill in your details.
  • Proceed with the application.

Conclusion

The Standard Chartered Platinum Reward credit card 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 if you spend Rs. 500 in the first 30 days of card issuance. 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 annual/joining fee of Rs. 250 can be waived by simply making a spend of Rs. 500 within the first 30 days of card issuance.
Interest rates of 3.75% per month (45% per annum) are charged on the card.
Rs 99 per redemption request
Standard Chartered Platinum Rewards Credit Card

Standard Chartered Platinum Rewards Credit Card

(4.3/5)

2 Comments

  1. Udayakumar Reply

    Does Standard Chartered Platinum Rewards card have fuel surcharge waiver?

    • Kartik Kanwar Reply

      No, this card doesnt offer any waivers on fuel surcharge. But it does offer Reward Points on fuel purchases.

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