Standard Chartered Smart Credit Card offers cashback across all online and other spends. You can use these cashback points across multiple brands and benefits. The card also allows conversion of big purchases into EMI amounts and interest free credit period. Read on to know more about this cashback credit card and if you should get this card or not.
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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 Feature | 2% cashback on online spends |
| Paisabazaar’s Rating | ★★★ (3/5) |
| On this page |
Cashback
With this credit card, you can earn cashback on all your spends (except fuel and cash withdrawals). For online transactions, you can get 2% cashback* subject to a maximum of Rs. 1,000 per month. Further, you can earn a maximum cashback of Rs. 500 per month for all other spends at 1% cashback.
Interest-free credit Card
The credit card offers extended interest-free credit period. This is valid on the first 90 days after issuance of the card. You only need to pay the minimum amount due during this period.
EMI Plans
With Standard Chartered Smart Credit Card, you can convert purchases above Rs. 2,000 into 3-month EMIs*. You can avail EMIs at a special interest rate of 0.99% per month, along with zero processing fee.
Other Benefits
Apart from the major benefits mentioned above, some other benefits are:
*Terms and conditions apply
| 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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Click here to check other associated fees and charges.
You must meet the below-mentioned eligibility criteria to apply for this credit card:
| 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 |
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Standard Chartered Smart Credit card offers cashback at all your spends, however, caps it a maximum of Rs. 1,000 for online spends and Rs. 500 for other spends. Thereby, the maximum you can save per year is 12,000 for online and 6,000 for other expenses. In-all you can save up to Rs. 18,000 per year. This is not that bad a savings option. However, note that the card lacks in offering some very basic benefits other than the cashback such as welcome benefit, lounge access, or even fuel surcharge waiver. At an annual fee of Rs. 499, you can look out for other rewards credit cards that offer all-rounder benefits, before making a final 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 |
Suggested read: Best Cashback Credit Cards in India | Best Credit Cards in India
Q. Which transactions are not eligible for cashback in this credit card?
A. You can earn cashback on online spends and offline spends except fuel, cash withdrawal and returns and exchange transactions.
Q. What are the conditions for redeeming cashback earned via the Standard Chartered Smart Credit Card?
A. Firstly, when you redeem the cashback earned for the first-time, the minimum cashback amount should be Rs. 1,000. Secondly, all redemption after the first-time can be done in the cashback value with multiples of 500 such as 500, 1000, 1500, etc.
Q. Is there any fee charged on the redemption of cashback?
A. No, there is no fee charged on the redemption of cashback earned via the Standard Chartered Smart Credit Card.
Q. Is the extended interest-free credit period also applicable on cash transactions?
A. 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.
Q. Can I avail the interest-free credit period on Loan against credit card, EMI and balance transfer facility?
A. 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.
