Standard Chartered Smart Credit Card
Cashback
Online Shopping
1st Year Fee: ₹499* Plus Applicable Taxes
Entry-Level Card
Low annual fee & easy eligibility criteria
Cashback
2% cashback on all online transactions
Low interest EMI
Avail EMI at low interest rate of 0.99% p.m.
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About the Card
Standard Chartered Smart Credit Card is an entry-level card that offers cashback on all online and offline spends, irrespective of the brand or platform. Unlike many cashback credit cards, it has fewer exclusions. Except for fuel, it offers cashback across most categories including common utility payments like water, gas, telecom, and electricity.
However, despite charging a joining and annual fee, the card does not provide any welcome or renewal benefit to compensate for the same. Also, it lacks milestone benefits and fuel surcharge waiver–perks offered by other entry-level cards, making it strictly a cashback credit card without any additional benefits.
Note: This card is not available on Paisabazaar.com. The content on this page is for information only. To express interest in this card, please visit Standard Chartered Bank’s website.
Features & Benefits
Cashback
- 2% cashback on online transactions (up to Rs. 1,000 per month)
- 1% cashback on other transactions (up to Rs. 500 per month)
Extended Interest-free Period
- Interest-free credit period for first 90 days after the issuance of the card
Low-interest EMI Facility
- Convert purchases above Rs. 2,000 into EMIs at a special interest rate of 0.99% per month, along with zero processing fee
How to redeem cashback?
The cashback earned on Standard Chartered Smart Card will be available in the Rewards Portal of the Bank- 360° Rewards. You can redeem cashback as per the following steps:
- Step 1: Log in to the Online Banking & proceed to 360 Rewards or login directly to 360 Rewards here.
- Step 2: Select Smart card in the drop-down menu (in case of multiple Standard Chartered Bank credit cards)
Once redeemed the cashback will reflect in your credit card account within next 3 working days.
Standard Chartered Smart Card: Fees & Charges
| Fee Type | Amount | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Joining Fee | Rs. 499 + Taxes | ||||||||||
| Annual Fee | Rs. 499 + Taxes | ||||||||||
| Finance Charges | 3.75% p.m. | 45% p.a. | ||||||||||
| Late Payment Charges |
|
Things to Know Before you apply
Get this card if:
You prefer online shopping over store visits, without preference for any specific brand
You are looking for a card that rewards you on utilities, gas, electricity and more
You do not wish to pay a high annual fee
You already have other cards offering travel, dining, or all-round benefits
Similar Cashback Cards:
Axis Bank Ace Credit Card
HSBC Cashback Credit Card
HDFC Bank Millennia Credit Card
YES Bank Paisabazaar PaisaSave Credit Card
Paisabazaar Review
What do we like about this card?
The best part about Standard Chartered Smart Credit Card is that it offers cashback on all online spends without merchant or category restrictions. Secondly, it covers utilities, gas, telecom, etc. – categories that are generally excluded from credit card rewards/cashback programs. Though the card justifies its categorization as a cashback credit card, it lacks in offering overall basic benefits expected out of an entry-level card, such as fuel surcharge waiver, lounge access, etc. Hence, the card can be a good option to maximize on cashback for users owning multiple credit cards with category-focused benefits. However, those who wish to own a single credit card for all-round benefits might be disappointed.
Pros
- 2X cashback on online spends
- No brand restrictions on earning cashback
- Low annual fee
- Inclusion of utility bills (Gas, Electricity, Water, Telecom) in the cashback program
Cons
- No travel benefits
- Capping on cashback earning is quite low
- Despite being a cashback card, redemption is not straightforward
Frequently Asked Questions
Everything you need to know about this credit card
You can earn cashback on online spends and offline spends except fuel, cash withdrawal and returns and exchange transactions.
No, there is no fee charged on the redemption of cashback earned via the Standard Chartered Smart Credit Card.
No, the extended interest-free credit period of 90 days is not applicable on cash transactions done on the Standard Chartered Smart Credit Card. Cash transactions are charged at an interest rate of 3.75% per month.
No, the interest-free credit period is only applicable on retail transactions done via this credit card. The payments for these services- Loan, EMI and balance transfer are serviced separately.
There are no minimum transaction value or minimum spends requirement for earning cashback.
Footnotes
- Fuel transactions are not eligible for cashback
- Minimum cashback balance of Rs. 2500 is required for redemption
- Cashback can be redeemed only in multiples of Rs. 1000 i.e. Rs. 2500, Rs. 3500 etc.
Click here to know More Terms and Conditions
Megha Khanna
Megha is an experienced writer with a specialization in credit cards and personal finance. With a keen eye for detail and a passion for helping readers make informed financial choices, she creates engaging content that demystifies the complexities of credit cards, from rewards and benefits to interest rates and fees.
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