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:

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 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.