By Shubham Sharma
Updated On September 22, 2021

Standard Chartered Platinum Rewards Credit Card is a card that gets you exciting rewards on your purchases. The card comes with an annual fee of Rs. 250, and welcomes you with exclusive benefits worth more than the joining fee itself. You get 1 reward point on every Rs. 150 spent on all categories and 5 reward points on every Rs. 150 spent on dining and fuel purchases. These points 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 the first 90 days of the card issuance. You also get a spend-based waiver on a renewal fee of Rs. 250 on annual spending of Rs 60,000 in the previous year. Read below to know more about this credit card.

Best Suited For

Dining | Fuel |

Joining Fee

Rs 250/- plus applicable taxes

Reward Type

Reward Points |

Product Details

  • Amazon Pay gift card worth 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.
  • Get 1 reward point on every Rs 150 spent on all other categories.
  • Renewal Fee Waiver on an annual spend of Rs 60,000 or more in the previous year.

Rewards and Benefits

Welcome Benefits

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

Movie & Dining

NA

Rewards Rate

1 reward point on every Rs 150 spent on all categories and 5 reward points on every Rs 150 spent on dining and fuel transactions

Reward Redemption

The earned reward points can be redeemed 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 cardholder will not be liable for any unauthorized transactions made on a card if it is reported lost/stolen to the bank in a timely manner.

Fees & Charges

Joining Fee

Rs 250/- plus applicable taxes

Renewal Fee

Rs 250 plus applicable taxes

Spend based Waiver

The renewal fee is waived off on spending 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

Welcome Benefits

  • You get a cashback of up to 100% up to Rs. 500 on your dining spends within the first 90 days of card issuance.
  • You also get an Amazon Pay gift card worth Rs. 500.

Standard Chartered Platinum Rewards Credit Card Rewards

  • You get 1 reward point on every Rs. 150 spent on all categories.
  • You get 5 reward points on every Rs. 150 spent on dining and fuel transactions with no monthly capped limit on your purchases using this credit card.

Reward Redemption

  • The Reward Points you earn can be redeemed by logging in to net banking or at the 360 rewards portal.
  • Reward points can also be redeemed by calling the Standard Chartered Bank customer care.
  • You can redeem your earned points against retail items and gift vouchers at a rate of 1 RP = Re. 0.25.

Spend Based Joining & Renewal Fee

You can get the renewal fee waived off if you spend Rs. 60,000 or more in the previous year.

Eligibility

  • Salaried or Self-employed applicant should be of age between 21 to 65 years
  • In case, add-on cardholder minimum age subject to 18 years.
  • Salaried or Self-employed applicant should have a Gross Monthly Income of Rs 20,000/-

How Can I Apply for this card?

You can apply for a Standard Chartered Platinum Rewards credit card by following the aforementioned steps

  • Go to the card’s homepage and click on “Apply Now”
  • You will receive information regarding your application communicated via SMS or mail at your registered phone number or E-mail ID.
  • Using the link provided via SMS or mail, continue with the application process.

You need the following documents are required to apply for this credit card.

  • An identity proof (Aadhar card, Voter card, PAN card, Passport, etc.).
  • Proof of address (Aadhar card, Voter card, driving license, utility bills, etc.).
  • Proof of income (Previous month salary slips, Latest ITR ).

Conclusion

The Standard Chartered Platinum Reward credit card is best suited 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 on every 150 spent on dining and fuel. This car comes with a nominal annual fee of Rs  250 on which a spend-based waiver is provided on 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.

FAQs:

You 5 reward points on every Rs 150 spent on dining and fuel transactions

You get charged with Rs 250 + applicable taxes

You are charged 3.75% per month (45% per annum)

Rs 99 per redemption request

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