Standard Chartered Rewards Credit Card
Best for basic rewards with domestic lounge. 4 reward points per Rs 150 on retail; bonus 4X when monthly spend exceeds Rs 20,000; 1 point = Rs 0.25 catalogue / Rs 0.20 statement credit; Rs 99 redemption fee
Terms as of 2026-09-28 · Checked 28 September 2026Standard Chartered Rewards Credit Card at a glance
Who it suits: Basic rewards with domestic lounge
Rewards & cashback
| Details | |
|---|---|
| How you earn | 4 reward points per Rs 150 on retail; bonus 4X when monthly spend exceeds Rs 20,000; 1 point = Rs 0.25 catalogue / Rs 0.20 statement credit; Rs 99 redemption fee |
| Caps & exclusions | Bonus capped at 2,000 points/month |
Yearly reward value at base rate
| Spend | Rewards (base rate) | Net of annual fee + GST |
|---|---|---|
| ₹1,20,000 / year | ₹804 | -₹376 |
| ₹3,00,000 / year | ₹2,010 | ₹2,010 |
| ₹6,00,000 / year | ₹4,020 | ₹4,020 |
| ₹12,00,000 / year | ₹8,040 | ₹8,040 |
Base rate only; accelerated categories raise the value, caps and excluded categories (rent, fuel, wallet, utilities etc. on many cards) lower it.
Travel, lounge & fuel benefits
| Benefit | Details |
|---|---|
| Airport lounge | Up to 4 domestic lounge visits/year (1 per quarter) |
| Fuel surcharge | 1% waiver on Rs 400-2,000, max Rs 400/month |
Fees & charges
| Charge | Amount |
|---|---|
| Joining fee | Free + GST |
| Annual / renewal fee | ₹1,000 + GST |
| Fee waiver | Waived on Rs 1.5 lakh annual spends; else 4,000 bonus points on renewal |
| Finance charge | Typically about 3.5%–3.75% per month on revolved balances (lower on some premium and secured cards) — see MITC |
| Cash withdrawal | Usually 2.5% (min ₹500) + interest from day one |
| Late payment | Slab-based, only if unpaid more than 3 days past due |
| GST | 18% on all fees and interest |
Is it worth it for you?
Eligibility & documents
| Criterion | Details |
|---|---|
| Age | 18/21-65 (card-specific) |
| Credit score | 750+ improves approval chances |
Similar cards
| Card | Issuer | Joining / annual fee | Reward rate | Best for |
|---|---|---|---|---|
| Standard Chartered Ultimate | Standard Chartered | ₹5,000 / ₹5,000 | 3.33% base value | High flat reward rate on all spends |
| HDFC Bank Diners Club Black Metal Edition | HDFC Bank | ₹10,000 / ₹10,000 | 3.33% base value | High spenders wanting uncapped-lounge premium card below Infinia |
| HDFC Bank Infinia Credit Card Metal Edition | HDFC Bank | ₹12,500 / ₹12,500 | 3.33% base value | Super-premium, high-spend travellers (invite-only) |
| Standard Chartered Beyond | Standard Chartered | ₹15,000 / ₹25,000 | 3.33% base value | Affluent Priority Banking clients |
| ICICI Bank Emeralde Private Metal | ICICI Bank | ₹12,499 / ₹12,499 | 3.00% base value | Super-premium spenders wanting unlimited lounges and hotel memberships |
| HSBC Premier | HSBC India | ₹12,000 / ₹20,000 | 3.00% base value | HSBC Premier banking customers |
Frequently asked questions
What is the annual fee of the Standard Chartered Rewards Credit Card?
Joining fee Free and annual fee ₹1,000 (plus 18% GST). Waived on Rs 1.5 lakh annual spends; else 4,000 bonus points on renewal.
What rewards does it offer?
4 reward points per Rs 150 on retail; bonus 4X when monthly spend exceeds Rs 20,000; 1 point = Rs 0.25 catalogue / Rs 0.20 statement credit; Rs 99 redemption fee Caps/exclusions: Bonus capped at 2,000 points/month
Does it give airport lounge access?
Up to 4 domestic lounge visits/year (1 per quarter)
Is the Standard Chartered Rewards Credit Card good for me?
Best for: Basic rewards with domestic lounge. Compare the net value after fees with how and where you actually spend — the calculator on this page helps.
Source: www.paisabazaar.com, 2026-09-28. Card benefits change frequently — confirm the latest Most Important Terms & Conditions (MITC) on Standard Chartered’s website before applying. FinancePortal is not affiliated with the issuer.