Standard Chartered Smart Credit Card Review

If earning cashback from every transaction seems beneficial to you, then you would love the standard chartered smart credit card. It is a mid-tier credit card designed to be used for everyday usage. While this card charges Rs. 499 as an annual fee, it lets you enjoy cash backs on every transaction, an instant loan facility, a low-cost EMI option, and lots more. This card works on the Visa Platform and the interest rate associated with this card is 3.75% monthly, more about the standard chartered credit card benefits are discussed below.

What are the standard chartered credit card eligibility criteria?

  • Resident Type: Indian
  • For salaried person:
    • Age: The age of the applicant should be within 18 to 60 years. 
    • Income: The average income of the applicant should be greater than Rs. 9 lakh.
  • For self-employed person:
    • Age: The age of the applicant should be within 18 to 65 years.
    • Income: The average income of the applicant should be greater than Rs. 12 lakh. 
  • An excellent credit score (760 or more) is required to apply for this standard chartered credit card.

As you submit your standard chartered credit card application, you will get a unique application id, you can use that to track your standard chartered credit card application status.

What documents are required to apply for the standard chartered bank Smart credit card?

  • Photocopy of Address proof (any 1)
    • Last 6 months bank account statement.
    • Aadhar Card.
    • Driving License.
    • Passport.
    • Utility bills.
  • Photocopy of ID Proof (any 1)
    • Aadhar card.
    • Voter Card.
    • Passport.
    • PAN Card.
  • Two recent passport-sized photographs.
  • Proof of income statement:
    • Salaried Person (any 1)
      • Salary Slip of last 3 months.
      • ITR (Income Tax Return).
    • Self-employed person.
      • Income tax return of the last year.
      • Proof of business.

As per the new rules, all new standard chartered credit cards are delivered in an inactive state. To start using them the users need to generate a new standard chartered credit card pin. If you want to know about the standard chartered credit card pin generation process then feel free to take a look at our faq page

What are the standard chartered credit card fees?

  • Standard chartered credit card joining fee: Rs. 499 + GST
  • Standard chartered credit card annual fee: Rs. 499 + GST (can be waived off on spending Rs. 1,20,000 within a year)

What are the standard chartered credit card benefits?

  • Make every transaction rewarding:

Using this card you can earn cash backs from every transaction you make. The details of the standard chartered credit card cashback offer are given below.

Category of transactions

Rate of earning cash backs

Online transactions. 2% cashback (up to Rs. 1,000 cashback in a standard chartered credit card statement cycle)
Offline and other expenses (not applicable for fuel purchase)  1% cashback (up to Rs. 500 cashback in a standard chartered credit card billing cycle)

You can check your standard chartered credit card status from the standard chartered credit card mobile app.

  • Make repayment more convenient with the extended interest-free period:

You can enjoy an interest-free period of the first 90 days just by paying the standard chartered credit card minimum payment due

  • Get an opportunity to make your card lifetime free:

On spending Rs. 1,20,000 within a year, you can get a complete waiver on your standard chartered credit card annual fee. So if you want to make your card lifetime free then you just have to keep spending Rs. 1,20,000 per year. 

  • Split your high-value transactions into small installments:

This standard chartered credit card offers a low-cost EMI option, which allows you to convert your high-value transactions (min Rs. 2,000) into small monthly installments without any processing fees and at a minimal standard chartered credit card emi interest rate of just 0.99% per month. 

This feature also allows you to split your complete standard chartered credit card outstanding amount (up to Rs. 5,00,000) into small monthly installments. You can also calculate the applicable interest rate and monthly installments from the standard chartered credit card emi calculator.

  • Get an instant loan anytime you want:

This standard chartered bank credit card offers you an instant loan (up to Rs. 5,00,000) against your credit limit. You can also repay the loan amount in small monthly installments. If you need some assistance with the standard chartered credit card emi conversion process from the 100xGain faq page.

  • Enjoy the very useful balance transfer facility:

By transferring the outstanding balances of your other credit cards to the Standard Chartered Smart credit card, you can get a lower interest rate against your dues. This standard chartered credit card balance transfer facility can also buy you some extra time to make repayments.

  • Pay your credit card bills more easily with convenient bill payment options:

You can make your standard chartered credit card payment online from your net banking account or by using the standard chartered credit card app. You can also use any credit card bill payment apps like; Cred, Google pay, Paytm, Phone pe, etc. Also if you want to know; how to pay standard chartered credit card bills offline, then feel free to take a look at our faq page

  • Extra security on online transactions:

The standard charterd bank smart credit card is 3D secure, which means every time you use your card to make an online payment you will receive an OTP to authenticate the transaction. This feature is helpful in preventing credit card fraud. 

  • Pay more conveniently with the advanced contactless payment option:

The standard chartered bank credit card is equipped with advanced contactless payment capabilities. Using this technology, you can make payments just by placing your card over a POS device that accepts contactless payments. You can control the contactless payment option from your standard chartered credit card online banking account. 

What are the standard chartered bank credit card charges?

Particulars

Payable amount

Standard chartered credit card cash withdrawal charges. 3% against the withdrawn amount, min Rs. 300 (Check your available standard chartered credit card cash withdrawal limit before making a withdrawal)
Standard chartered credit card finance charge. Can go up to 3.75% monthly or 45% annually. (applicable if the standard chartered credit card payment is not made within the due date)
Foreign currency transaction fee. 3.5% against the transaction amount.
Standard chartered credit card add-on card fee. Free for a lifetime.

Nowadays international transactions on all new credit cards are temporarily turned off, so if you want to know how to enable standard chartered credit card for international transactions? then feel free to take a look at our faq page.

How to contact the standard chartered credit card customer care department?

  • Call the standard chartered credit card customer care number: 1800-345-1000 (Toll-free) / 1800-345-5000 (Toll-free) / 022-6601-4444 or 022-3940-4444
  • You can write to the standard chartered credit card customer care email id: customer.care@sc.com or straight2bank.in@sc.com 

Also, if you are suspicious about a particular transaction, then you can file a dispute against it. You can find the complete standard chartered credit card settlement process from the 100xGain faq page.

100xGain Ratings:

7/10

Pros and Cons:

Pros

Cons

  • You will get assured cashback on every online transaction.
  • The standard chartered credit card interest rate on EMI is relatively lower.
  • There is also an annual fee waiver option available.
  • You will not get any Dining or entertainment benefits from this card.
  • This card is not good for frequent travelers.

If you don’t want to continue with your old Standard Chartered credit card and want to know about how to close my standard chartered credit card account permanently? then you can get some help from the 100xGain faq page

Final Opinion:

Analyzing the advantages, I can clearly see that this card is ideal for online purchases. You can save Rs. 1000 monthly on your online expenses with its 2% cashback offer. 

Nevertheless, if you’re looking for discounts on dining or movie tickets, this card would disappoint you. If this is the case, I suggest you check out our top credit card pages.

 

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