INDEPENDENT PUBLIC DIRECTORY: Eligo does not issue credit cards, collect customer applications, or earn affiliate referral commissions. All terms, fees, and interest charges below are sourced directly from the official sc.com/in (Standard Chartered Bank India) Most Important Terms and Conditions (MITC).

🏛️Standard Chartered Bank IndiaNetwork: Visa PlatinumShopping & Rewards CardsLast Verified: 2026-09-28

Standard Chartered Smart Credit Card

स्टैंडर्ड चार्टर्ड स्मार्ट क्रेडिट कार्ड

Digital cashback card offering 2% cashback on all online spends, 1% on offline retail, and 0.99% monthly EMI rate.

Annual Fee₹499 + GST (Renewal: ₹499 + GST)

Reward Rate2% cashback on all online retail spends (capped at ₹1,000 cashback per month). 1% cashback on all offline retail spends (capped at ₹500 cashback per month). Special interest rate of 0.99% per month on balance EMI conversions for the first 90 days.

Airport LoungeNo complimentary airport lounge access is included on this entry cashback card.

Forex Markup3.50% + GST on foreign currency transactions.

What Is This Card

Standard Chartered Smart Credit Card is a no-nonsense cashback card engineered for digital consumers. It offers a flat 2% cashback across all online merchant transactions, 1% on offline retail, and a low 0.99% per month promotional interest rate on EMI conversions.

Key Benefits (Official MITC Sourced)

💳Annual Fee & Joining Fee

₹499 + GST (Renewal: ₹499 + GST)

Fee Waiver: Spend ₹1,20,000 or more in each preceding anniversary year to get the annual renewal fee of ₹499 waived.

🎁Welcome Benefit

Amazon gift voucher worth ₹500 or fee reversal on spending ₹10,000 within 30 days of card issuance.

⚡Reward Points Structure

2% cashback on all online retail spends (capped at ₹1,000 cashback per month). 1% cashback on all offline retail spends (capped at ₹500 cashback per month). Special interest rate of 0.99% per month on balance EMI conversions for the first 90 days.

Redemption Value: 1 Reward Point = ₹1.00 directly credited as cash against the cardholder's statement balance.

🛫Airport & Railway Lounge Access

No complimentary airport lounge access is included on this entry cashback card.

🛡️Insurance & Fuel Surcharge Waiver

Insurance Cover: Standard fraud liability cover up to credit limit under zero lost card liability.

Fuel Surcharge: 1% fuel surcharge waiver across all fuel stations in India on transaction amounts between ₹400 and ₹5,000 (maximum waiver of ₹250 per statement cycle).

🎯Milestone Spends & Grace Period

Milestones: Up to ₹18,000 in cashback annually across online and offline retail. Annual fee reversal on ₹1.2 Lakhs spend.

Interest-Free Period: Up to 50 days of interest-free credit from transaction date.

What's Missing (Eligo's Honest Disclosures)

Fine-Print Exclusions & Realistic Costs

Online cashback has a monthly cap of ₹1,000, and offline cashback has a ₹500 monthly cap. No airport lounge access. High 45% annual APR on revolving balances.

Forex Markup Fee3.50% + GST on foreign currency transactions.

Cash Advance Fee3.0% of withdrawn amount or ₹500 (whichever is higher) + 3.75% monthly finance charges.

Finance Charges (Interest)3.75% per month (45.00% per annum) on revolving balances.

Late Payment SlabsNil for outstanding up to ₹100; ₹100 for ₹101–₹500; ₹500 for ₹501–₹1,000; ₹750 for ₹1,001–₹5,000; ₹900 for ₹5,001–₹10,000; ₹1,200 for above ₹10,000 (+ GST).

Reward Points ExpiryCashback is credited directly to statement balance and does not expire.

Categories Earning ZERO Rewards (Standard MITC Exclusion):Fuel transactions, wallet top-ups, rent payments, educational institutional fees, and government tax payments.

Eligibility Criteria

Salaried Indian individuals aged 21 to 65 with monthly salary exceeding ₹30,000. Self-employed individuals aged 21 to 65 with annual ITR exceeding ₹4,50,000.

Age Requirement21 to 65 Years

Minimum Income₹30,000/month (Salaried) / ₹4,50,000/year ITR (Self-Employed)

CIBIL Score NoteA credit score of 730+ is standard.

SBI RelationshipNot mandatory. Open to all qualifying Indian citizens.

How to Apply (Official Procedure)

Online Digital Application Flow

1Visit sc.com/in/credit-cards or open SC Mobile India app.

2Enter PAN and mobile number for soft eligibility evaluation.

3Select Standard Chartered Smart Credit Card.

4Enter employer details and monthly salary.

5Complete online Video KYC session with bank official.

6Card is approved and dispatched via courier within 3 to 5 business days.

Branch Application for Offline Applicants

Apply at any Standard Chartered Bank branch by submitting self-attested copies of PAN, Aadhaar, salary slip, and a passport-size photo.

Visit Official Card Page (sc.com/in)Download Official MITC (PDF)

Documents Required

1. PAN Card (statutory requirement)

2. Proof of Identity & Residence: Aadhaar Card, Passport, or Voter ID

3. Proof of Income: Last 3 months' salary slips with bank statement OR Latest ITR with Computation Sheet

4. Passport-size photograph.

Frequently Asked Questions (Official MITC)

What happens if I miss the minimum payment due on Standard Chartered Smart Credit Card?

If you do not pay at least the Minimum Amount Due (MAD) on or before the due date, late payment penalties will be charged according to the issuer's tariff: Nil for outstanding up to ₹100; ₹100 for ₹101–₹500; ₹500 for ₹501–₹1,000; ₹750 for ₹1,001–₹5,000; ₹900 for ₹5,001–₹10,000; ₹1,200 for above ₹10,000 (+ GST).. In addition, revolving finance charges at 3.75% per month (45.00% per annum) on revolving balances. will be calculated from the original transaction dates on all outstanding balances and fresh purchases. You will lose the interest-free grace window, and the overdue record will be transmitted to credit bureaus (CIBIL, Experian, CRIF High Mark), adversely impacting your credit score.

Can I convert transactions on Standard Chartered Smart Credit Card into EMI?

Yes, Standard Chartered Bank India provides merchant EMI and post-purchase in-app EMI conversion options for eligible transactions (typically above ₹1,500 to ₹2,500). Cardholders can configure repayment schedules from 3 to 24 months via the bank's mobile application, net banking dashboard, or SMS prompt. Conversion is subject to a nominal one-time processing fee (usually 1% to 2% + 18% GST) and tenure-based interest charges.

How do I track and redeem reward points or cashback on Standard Chartered Smart Credit Card?

You can monitor accrued reward points or cashback by accessing your monthly e-statements or logging into Standard Chartered Bank India's official mobile banking application or web portal. 1 Reward Point = ₹1.00 directly credited as cash against the cardholder's statement balance. Please note: Cashback is credited directly to statement balance and does not expire.

What is the interest-free grace period on Standard Chartered Smart Credit Card and how does it work?

The interest-free period on Standard Chartered Smart Credit Card is Up to 50 days of interest-free credit from transaction date.. This benefit is applicable strictly when the full Total Amount Due from the previous billing cycle was cleared by the payment due date. If any residual balance is carried forward, all purchases immediately incur daily finance charges (3.75% per month (45.00% per annum) on revolving balances.) with zero grace period. ATM cash withdrawals never receive a grace period and incur interest and cash advance fees from the withdrawal timestamp.

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