Since you are an existing Standard Chartered credit card client, you do not need to submit any additional documentation! It's simple.
Joining Fee: No joining fee
INR 1000 Second year onwards and get annual fee waived on INR 1.5 lakhs spends in the previous year
Client will be entitled to receive 4000 reward points* on payment of Annual Fees.
You can apply online and get an instant in-principle decision in minutes. A Bank representative will get in touch with you once you have submitted your application online successfully to complete the documentation requirement. You can expect to get your credit card, subject to final Policy and verification checks of the Bank, within 7-15 days from the time you submit your documents and signed application form, although it may take longer in some cases.
The credit limit will depend on various factors like your income, credit history, etc. Your credit limit is not a permanent figure and can be increased or lowered at a later date depending on your spends and repayment behaviour.
Yes, you can apply for an add-on card. There won't be a separate credit limit for the add-on card.
A grace period is interest-free period for you to pay your credit card balance in full without any interest rate charges. The grace period is calculated based on your billing cycle and not from the date of the transaction.
The minimum amount due every month shall be higher of the following (a)5% of statement outstanding or (b) sum total of all installments billed, interest, fees, other charges, amount that is over limit and 1% of the principal or Re 250.
All overseas transactions are levied with a 3.5% transaction fee.
The monthly interest rate is annualized to arrive at the annualized percentage rate (APR). Monthly interest rate of 3.75% pm is annualized to arrive at an APR of 45% for all Standard Chartered Credit Cards. However, for all instant credit card variants, the monthly interest rate is 1.99% pm (APR of 23.88%). Cash transactions will attract an interest rate of 3.75% pm (APR of 45%).
Payment of your Card bills can be done by the following means:
• Online banking
1. Bill Desk: From different bank accounts directly to your Card account. Visit https://www.billdesk.com/pgmerc/standardchartered/index1.htm
2. NEFT / IBFT: From your bank account directly to your Card account by quoting the IFSC code SCBL0036001 and the address as MG Road, Mumbai.
3. Visa Money Transfer: In case of Visa franchisee credit cards, pay through your bank account using Visa Money Transfer.
4. Standard Chartered Online Banking: Standard Chartered account holders can pay through an account transfer.
• NACH:
NACH (National Automated Clearing House) can be initiated by submitting an NACH form authorizing transfer of funds. This form needs to be attested by the bank from where the payment needs to be made.
• Cheque/Draft Payment:
Dropping a cheque or a draft in favour of your Standard Chartered Bank Card no. xxxx xxxx xxxx xxxx (your 16 digitCard number) into any of our Cheque Collection Boxes. Visit www.sc.com/in for the complete list of the locations of Cheque Collection Boxes.
• Cash:
Cash payments can only be deposited at our branches using teller facilities.
Please refer to the Important Information Document/Most Important Document for more details.
You must notify us immediately if you become aware that your Credit Card has been lost,stolen or misused. Ahmedabad, Bangalore, Chennai, Delhi,Hyderabad, Kolkata, Mumbai, Pune- 3940 4444 / 6601 4444 Allahabad, Amritsar, Bhopal, Bhubaneswar,Chandigarh, Cochin / Ernakulam,Coimbatore, Indore, Jaipur, Jalandhar, Kanpur, Lucknow, Ludhiana, Nagpur, Patna, Rajkot, Surat, Vadodara - 3940 444 / 6601 444 Gurgaon, Noida -011 - 39404444 / 011 - 66014444 Jalgaon, Guwahati, Cuttack, Mysore,Thiruvananthpuram, Vishakhapatnam, Mathura, Proddatur, Dehradun, Saharanpur -1800 345 1000 Siliguri -1800 345 5000
You must notify us immediately if you become aware that your Card has been lost,stolen or misused. Ahmedabad, Bangalore, Chennai, Delhi,Hyderabad, Kolkata, Mumbai, Pune- 3940 4444 / 6601 4444 Allahabad, Amritsar, Bhopal, Bhubaneswar,Chandigarh, Cochin / Ernakulam,Coimbatore, Indore, Jaipur, Jalandhar, Kanpur, Lucknow, Ludhiana, Nagpur, Patna, Rajkot, Surat, Vadodara - 3940 444 / 6601 444 Gurgaon, Noida -011 - 39404444 / 011 - 66014444 Jalgaon, Guwahati, Cuttack, Mysore,Thiruvananthpuram, Vishakhapatnam, Mathura, Proddatur, Dehradun, Saharanpur -1800 345 1000 Siliguri -1800 345 5000
Yes, existing credit cardholders can also apply for the Reward Credit Card by authenticating their existing card with a Re 1 transaction via sc.com/in
Joining fee is Nil and Annual fees for the Rewards credit card is Rs 1000 +GST with fee waiver condition on spends of INR 1,50,000 in the previous year. Alternatively, client will be entitled to receive 4000 reward points* on payment of Annual Fees.
|
Transactions |
Reward Points |
|
Every INR 150 Spent on Retail transaction |
4 Rewards Points |
|
Every INR 150 Spent on Insurance and Government payments |
1 Reward Points |
Earn Additional 4 Reward Points on every INR 150 spent above monthly spends of INR 20,000 on retail categories (not applicable on Government, Insurance and Fuel Spends). This will be over and above the regular rewards of 4 Reward Points every INR 150 spent on retail categories*. The bonus rewards will be transferred once per statement cycle.
No reward points are earned on fuel purchases.
No reward points are earned on cash withdrawal transactions.
• 1 RP = INR 0.25 (for Redemption from Rewards catalogue)
• 1 RP = INR 0.20 for adjustment against Statement outstanding balance
Yes, Minimum INR 1000 Reward points required to redeem.
No Capping on the base rewards but Bonus rewards capped at 2000.
1. The cashback earned on Reward credit Card will be available in the Rewards Portal of the Bank e. R360 (https://retail.sc.com/in/rewards360/rewards_home/in.).
2. Client 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
Reward points earned on transactions done using the Rewards credit card prior to the statement generation date will reflect on the same month’s statement and on the R360 portal. Rewards earned on transactions after the statement generation date, will reflect in the next statement.
Yes, there is a redemption fee of INR 99/- (Rupees Ninety-Nine Only)
Yes, clients can earn reward points on transactions converted into EMI.
Min transaction amount INR 400, max transaction amount INR 2000. Waiver amount capped at INR 400 per month
1 complimentary domestic airport lounge visit per calendar quarter (4 per year).
Client is entitled to receive the 4000 rewards points within 60 days of realisation of fees by Bank. Please note that client will receive the mentioned reward points only if he/she does not receive the spend-based annual fee reversal.
