Standard Chartered Rewards Credit Card
Joining Fee: No joining fee
Renewal Fee: ₹1,000 + GST
Reward Type: Cashback
SC Rewards Credit Card Reward Points
Earn Reward Points on Retail Purchases: Collect 4 Reward Points for every ₹150 spent on retail purchases, maximizing your rewards on everyday spending.
Government & Insurance Category Rewards: Earn 1 Reward Point for every ₹150 spent on government and insurance payments, ensuring you earn on essential transactions.
No Rewards on Fuel and Cash Withdrawals: Note that no Reward Points are earned on fuel purchases or cash advances.
Reward Redemption
Redeem for Products & Vouchers: Convert your Reward Points into valuable products and vouchers; 1 Reward Point equals ₹0.25 when redeemed through the Rewards catalog.
Statement Credit Redemption: Apply your Reward Points directly to your statement balance at a rate of ₹0.20 per point, helping reduce your outstanding balance.
Milestone Benefits
Earn 4x Bonus Reward Points: Reach a monthly retail spend milestone of ₹20,000 and unlock 4x bonus Reward Points on all retail transactions. Maximize your rewards potential with up to 2,000 bonus points monthly.
Travel Benefits
Complimentary Airport Lounge Access: Enjoy 1 free domestic airport lounge visit every quarter, adding up to 4 complimentary visits annually, enhancing your travel experience.
Fuel Surcharge Waiver
1% Fuel Surcharge Waiver: Save on fuel with a 1% surcharge waiver on transactions between ₹400 and ₹2,000, capped at ₹400 per month. Drive more and spend less.
Spend-Based Renewal Fee Waiver
₹1,000 Renewal Fee Waiver: Spend ₹3 lakhs or more in a year to waive the ₹1,000 renewal fee, making your credit card more cost-effective.
Other Charges And Fees
Renewal Fee & Waiver: After the first year, a ₹1,000 renewal fee applies, but it’s waived if you spend ₹3 lakhs or more annually.
Interest Rate on Outstanding Balance: The card carries an interest rate of 3.75% per month on unpaid balances.
Cash Advance Fee: Withdraw cash with a fee of 3% of the amount, subject to a minimum charge of ₹300.
Foreign Currency Markup: A 3.5% fee applies to all foreign currency transactions, making this card competitive for international use.
The SC Rewards Credit Card is an excellent choice for those who frequently use their credit card for everyday purchases, offering up to 8x Reward Points on spending through a combination of base and milestone rewards. With its competitive reward rate and affordable fee, it positions itself as a strong contender. If you're seeking a basic credit card with solid rewards, the SC Rewards Credit Card is worth considering.