Standard Chartered Platinum Rewards Credit Card
Joining Fee: No joining fee
Renewal Fee: No renewal fee
Reward Type: Reward Points
Reward Points
Standard Reward Rate: Earn 1 Reward Point for every ₹150 spent across all categories.
Enhanced Rewards: Get 5 Reward Points per ₹150 spent on dining and fuel, with no monthly limit on these transactions.
Reward Redemption
Redemption Methods: Redeem Reward Points through net banking, the 360 Rewards portal, or by contacting Standard Chartered Bank customer care.
Redemption Value: Points can be redeemed for retail items and gift vouchers at a rate of 1 Reward Point = ₹0.25.
Finance And Other Charges
Interest Rate: 3.75% per month on outstanding balances.
Foreign Currency Markup: 3.5% of the total transaction amount.
Cash Advance Fee: 3% of the cash amount, with a minimum charge of ₹300.
Spend Based Offer
Lifetime Free Card: Activate your card as lifetime free by spending ₹500 within the first 30 days of issuance.
summary
The Standard Chartered Platinum Reward Credit Card is an excellent option for individuals with no credit history who are new to credit cards. It offers a solid reward rate across all categories and up to 5x reward points on every ₹150 spent on dining and fuel. The card has a nominal renewal fee of ₹250, which can be waived if you spend ₹500 within the first 30 days of issuance. However, it may not be suitable for high-end customers seeking extensive rewards and premium benefits, as it primarily caters to those starting their credit journey.