Overview
The Standard Chartered Smart Credit Card has become increasingly popular, especially after the devaluation of many other cashback cards that excluded multiple spending categories. The standout feature of this card is its straightforward cashback on nearly all purchases, with only exception of fuel. Unlike other cards that limit rewards to specific categories, this one offers real cashback across the board, making it a must-have for those who want to maximize rewards on various expenditures. Scroll down to learn more about this versatile credit card.Standard Chartered Bank is currently not issuing Smart Credit Card. However, the existing users of Smart Credit Card can continue to use this credit card.
Pros
- Cashback on everything. Only fuel is excluded
- Decent cashback rate and it gives real cashback.
- Relatively low annual spend target for renewal fee waiver
- Easy to understand, simple to manage credit card
Cons
- Cashback is not automatically credited in the credit card statement. User needs to redeem the cashback to credit it in the credit card statement. This unnessesary step could have been avoided.
- No lifestyle benefits like lounge access or discount on dinings etc.
Fees & Charges
Joining / Annual Fee
₹ 589
Renewal Fee
₹ 589
Annual Spend Target for Fee Waiver
₹ 120,000
Minimum Annual Income Required
₹ 400,000
Rewards and Benefits
Reward Rate
2% Cashback on Online Spend upto Rs.1,000 per Month, 1% Cashback on Offline Spend upto Rs.500 per Month
Base Reward Rate
1%
Accelerated Reward Rate
2%
Welcome Benefits
Zero joining fee if you are not existing Standard Chartered Credit Card user
Renewal Benefits
No renewal benefits
Rewards & Cashback Details
- Online Spend: 2% Cashback upto Rs.1,000 per month on all online spend
- Offline Spend: 1% Cashback upto Rs.500 per month on all offline spend
- The biggest strength of this credit card is that this card gives cashback on everything, only exclusion is Fuel.
Rewards Redemption
Cashback can be redeemed into the credit card statement. But the user needs to follow following steps.
- The cashback earned on a Smart Card will be available in the Rewards Portal of the Bank e. R360 (https://retail.sc.com/in/rewards360/rewards_home/in.).
- Customer needs to log into Online Banking & proceed to 360 Rewards or login directly to 360 Rewards here. https://retail.sc.com/in/rewards360/rewards_home/in
- Next, please select Smart card in the drop-down menu (in case of multiple SCB credit cards).
- Once redeemed the cashback will reflect in the credit card account within next 3 working.
- Rs.1000 is the minimum Cashback amount for the first-time cashback redemption on Smart Credit Card.
- Subsequently, all redemption can be done in blocks of Rs.500 (In this example, the user can redeem the either of 1000, 1500, 2000, 2500 or 3000).
Additional Benefits
Domestic Airport Lounge
International Airport Lounge
Railway Lounge Access
Movie Benefits
Dining Benefits
Golf Benefits
Lifestyle Benefits Details
No lifestyle benefits.Features & Benefits
Cashback
Utility Bills
Insurance
NPS
Education
Government Payment
Rent
Gift Cards
Jewellery
Wallet Load
Rewards on EMI
Reward Points
Airmiles
Airport Lounge
Fuel
No Cashback / Rewards Categories
No cashback on following- Fuel
- Cash withdrawal
- Credit card fee payments and other credit card charges
Eligibility & Important Info
Eligibility Criteria
- Applicant’s age should be between 18 and 65 years.
- Applicants should have a stable monthly income (usually Rs.4 Lacs or more in a year)
- Applicants should belong to credit card sourcing cities/locations of the Bank.
- All applications are subject to credit and other policy checks of the Bank.
Important Links
- Standard Chartered Bank's 360 Degree Rewards Portal: https://retail.sc.com/in/rewards360/rewards_home/in
Upcoming Changes
Standard Chartered Bank is not issuing new credit cards in India currently. We will update when it will start issuing credit cards again.Add-on Cards
Add-on credit cards availableMedia
Best Credit Card 2023 | For Insurance, Education, Wallet etc. | Standard Chartered Smart Credit Card
Standard Chartered Smart Credit Card | Free for First Year | Free OnePlus Earbuds
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