Are you looking for a credit card that offers exceptional rewards and benefits? Look no further than the Standard Chartered Ultimate Credit Card.
With this card, you can enjoy a wide range of perks, from cashback and discounts to exclusive privileges and offers. In this article, we’ll take a closer look at the Standard Chartered Ultimate Credit Card and explore its features, benefits, and how to apply.
Features and Benefits of Standard Chartered Ultimate Credit Card
Cashback and Rewards
The Standard Chartered Ultimate Credit Card offers a generous cashback program that rewards you for your everyday purchases. You can earn up to 5% cashback on groceries, fuel, and utility bill payments, and up to 3% cashback on dining and hotel bookings. Additionally, you can earn 1 reward point for every INR 150 spent on other categories.
Dining Discounts
Foodies will appreciate the dining privileges that come with the Standard Chartered Ultimate Credit Card. You can enjoy up to 25% off at over 2,000 restaurants across India, as well as exclusive dining experiences and discounts on gourmet food delivery.
Travel Perks
The Standard Chartered Ultimate Credit Card is perfect for globetrotters, as it offers a range of travel benefits. You can enjoy up to 5% cashback on your international spends, complimentary airport lounge access, and discounts on hotel bookings and flight tickets.
Read here all Standard Chartered Credit Card details
Lifestyle Privileges
As a Standard Chartered Ultimate Credit Card holder, you can access a range of lifestyle privileges, such as complimentary memberships to leading golf clubs and gyms, as well as discounts on luxury brands and spa treatments.
Fuel Surcharge Waiver
With the Standard Chartered Ultimate Credit Card, you can save on fuel costs, thanks to the 1% fuel surcharge waiver at all petrol pumps in India.
Easy Bill Payments
Paying your bills has never been easier with the Standard Chartered Ultimate Credit Card. You can set up automatic bill payments for your utility bills, phone bills, and insurance premiums, ensuring you never miss a payment again.
Contactless Payments
Make your transactions quicker and more convenient with the contactless payment feature of the Standard Chartered Ultimate Credit Card. Simply tap your card on the card reader at participating merchants to complete your transaction.
Free Supplementary Cards
You can share the benefits of the Standard Chartered Ultimate Credit Card with your family by availing of up to 3 supplementary cards for free.
Rewards
| CATEGORY | REWARD RATE | RETURN |
|---|---|---|
| Utilities and Bill Payments | 3 RP/Rs 150 | 2% |
| Rent and Property Management | 3 RP/Rs 150 | 2% |
| Supermarkets, Schools and Government Payments | 3 RP/Rs 150 | 2% |
| Fuel Spends | NIL | |
| Other Spends | 5 RP/Rs 150 | 3% |
| Duty Free Spends | 5% cashback |
Additional Advantages
In addition to the aforementioned perks, there are a few more benefits that come with our service. For instance, while our foreign currency markup stands at 3.5%, we provide a cashback of 1.5% on transaction fees. This means that you can make international purchases without worrying about the excessive fees typically associated with them.
Furthermore, we also offer a fuel surcharge waiver, which is limited to Rs 1000 per calendar month. This benefit ensures that you save money on fuel-related expenses while using our service.
Eligibility Criteria
To be eligible for the Standard Chartered Ultimate Credit Card, you must be between 21 and 65 years old and have a stable source of income. You will also need to submit the required documents, including proof of identity, address, and income.
Fees and Charges
The Standard Chartered Ultimate Credit Card comes with an annual fee of INR 5,000. However, the fee is waived off if you spend INR 300,000 or more in a year. The card also comes with an interest rate of 3.49% per month, and cash advances are charged at 3.5% per transaction.
| Joining Fee | Rs 5000+GST |
| Welcome Benefit | 6000 Reward Points |
| Annual Fee | Rs 5000+GST |
| Renewal Benefit (Every Year) | 5000 Reward Points |
Complimentary Airport Lounge Access
As part of our service, we offer our customers the opportunity to enjoy the comfort and convenience of airport lounges at no additional cost.
For domestic travel in India, Visa Infinite cardholders are eligible for up to four complimentary visits per quarter to eligible airport lounges. The complete list of qualifying lounges is available on the website.
For international travel outside of India, Priority Pass provides access to over 1,000 lounges worldwide. Our customers can enjoy one complimentary visit per month to any of these lounges, provided they have spent more than Rs 20,000 on their card in the previous month.
Redeeming Your Rewards
With the Standard Chartered Ultimate credit card, every reward point you earn is valued at Rs 1 and can be redeemed through our online portal. We offer six categories for reward redemption, including:
- Electronics – You can choose from a range of mobile phones, headsets, and tablets, including high-end devices like the Samsung Galaxy Z Flip or Galaxy S20 Ultra. However, please note that most items are sold at the maximum retail price, so you may miss out on discounts available in retail stores or online.
- Home and Family – This category offers a selection of games and home appliances, such as mixer grinders.
- Lifestyle – You can choose from a limited range of personal care and grooming electronics.
- Travel – You can select backpacks and other luggage options.
- Charity – You can choose to donate your reward points to various charitable organizations.
- Gift Vouchers – This category provides the best value for your reward points. You can redeem them for a wide range of gift vouchers from popular apparel brands like Arrow, fashion retail shops like Lifestyle/Pantaloons, electronics stores like Croma, and even gold shops like Kalyan Jewelers/Tanishq.
We want you to get the most out of your rewards, which is why we offer a variety of redemption options to suit your needs. Join us today and start earning rewards.
Conclusion
Following the devaluation of the SC Ultimate credit card in April 2023, the big question on everyone’s mind is whether it is still a good credit card option. Unfortunately, our answer is currently no.
Considering the annual fee of Rs 5,000, there are several other credit card options that offer better value. You could even opt for a combination of cashback credit cards with an annual fee of less than Rs 1000, which could be a better option for you. Some cards worth considering are SBI Cashback, Axis Ace, and Flipkart Axis.
Frequently Asked Questions
What is the credit limit for Standard Chartered Ultimate Credit Card?
The credit limit for the Standard Chartered Ultimate Credit Card is determined based on your income and credit score. The bank will inform you of your credit limit at the time of application.
What are the rewards points earned on Standard Chartered Ultimate Credit Card?
You can earn 1 reward point for every INR 150 spent on the card, and the points can be redeemed for a range of rewards, including cashback, vouchers, and merchandise.
Is there an annual fee for Standard Chartered Ultimate Credit Card?
Yes, there is an annual fee of INR 5,000 for the Standard Chartered Ultimate Credit Card. However, the fee is waived off if you spend INR 300,000 or more in a year.
How do I make payments on my Standard Chartered Ultimate Credit Card?
You can make payments on your Standard Chartered Ultimate Credit Card through online banking, mobile banking, or by visiting your nearest Standard Chartered branch.
What if I lose my Standard Chartered Ultimate Credit Card?
If you lose your Standard Chartered Ultimate Credit Card, you should immediately report it to the bank by calling their customer care or visiting your nearest branch. The bank will block your card and issue a new one.