The Standard Chartered Smart Credit Card gives you cashback on both online and other purchases. You can use this cashback at various brands for different benefits. Additionally, the card lets you convert large purchases into manageable monthly installments with no interest during a specific period. Consider whether these features suit your needs before deciding if this card is right for you.
Key Highlights of Standard Chartered Bank Smart Credit Card |
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| Best Suited For | Cashback |
| Joining Fee | Rs. 499 |
| Renewal Fee | Rs. 499 (waived off on spending Rs. 1,20,000 in the preceding year) |
| Minimum Income Requirement | To be communicated at the time of sourcing |
| Best Features | 2% cashback on online spends |
*Terms and conditions apply.
| Table of Contents | ||
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| Features and Benefits | ||
| Fees and Charges | ||
| Eligibility and Documentation | ||
| Should you get this Card? | ||
| Other Similar Credit Cards | ||
| FAQs | ||
Must Read : 10 Best SBI Credit Cards in India
Cashback
This credit card allows you to earn cashback on all your purchases except for fuel and cash withdrawals. For online transactions, you can get 2% cashback* with a maximum of Rs. 1,000 per month. Additionally, you can earn a maximum cashback of Rs. 500 per month for all other purchases at 1% cashback.
Also read: Best Cashback Credit Cards in India
Interest-free credit Card
The credit card provides an extended interest-free credit period for the first 90 days after you receive the card. During this time, you only need to pay the minimum amount due.
EMI Plans
With the Standard Chartered Smart Credit Card, purchases above Rs. 2,000 can be converted into 3-month EMIs*. You can avail of these EMIs at a special interest rate of 0.99% per month, with zero processing fee.
Other Benefits
In addition to the main benefits, here are some other benefits of the Standard Chartered Smart Credit Card:
| Fee Type | Amount/ Rate | |
|---|---|---|
| Joining Fee | Rs. 499 | |
| Annual Fee | Rs. 499 | |
| Finance Charges | 3.75% p.m. (45% p.a.) | |
| Late Payment Charges* |
For Statement Balance:
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To apply for the Standard Chartered Smart Credit Card, you need to meet the following eligibility criteria:
| Criteria | Details |
|---|---|
| Age | 18 to 65 years |
| Occupation | Available to both Salaried and Self-employed |
| Minimum Income Required | To be communicated at the time of application |
| Documents Required | Click here for the list of acceptable documents |
The Standard Chartered Smart Credit Card offers cashback on all your expenses, but with maximum limits of Rs. 1,000 for online spending and Rs. 500 for other expenses. This means you can save up to Rs. 12,000 per year for online purchases and Rs. 6,000 for other expenses, totaling Rs. 18,000 per year. While this is a decent savings option, the card lacks some basic benefits such as welcome bonuses, lounge access, and fuel surcharge waivers. Considering its annual fee of Rs. 499, you might want to explore other rewards credit cards that offer more comprehensive benefits before making your decision.
| Credit Card | Annual Fee | Comparative Feature |
|---|---|---|
| Amazon Pay ICICI Bank Credit Card | Nil | Up to 5% cashback on Amazon spends |
| Axis Bank ACE Credit Card | Rs. 499 | Unlimited 5% cashback on bill payments, DTH, and mobile recharges via Google Pay |
| HSBC Cashback Credit Card | Rs. 750 | 1.5% cashback on all online spends |
| HDFC Bank Millennia Credit Card | Rs. 1,000 | 5% cashback on Amazon and Flipkart |
No, there is no fee charged for redeeming cashback earned via the Standard Chartered Smart Credit Card.
You can earn cashback on both online and offline purchases, excluding fuel, cash withdrawals, and returns/exchanges.
When redeeming cashback for the first time, the minimum amount should be Rs. 1,000. Subsequent redemptions can be made in multiples of Rs. 500, such as Rs. 500, Rs. 1,000, Rs. 1,500, and so on.
No, the interest-free credit period is only applicable to retail transactions made with this credit card. Payments for services such as loans, EMIs, and balance transfers are managed separately.
No, the extended interest-free credit period of 90 days does not apply to cash transactions made with the Standard Chartered Smart Credit Card. Cash transactions incur interest at a rate of 3.75% per month.
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