Standard Chartered Smart Credit Card benefits
- Rewards2%
cashback on online spends
up to ₹1,000 a statement cycle
- Rewards1%
cashback on offline spends
up to ₹500 a statement cycle
- RewardsUp to ₹18,000
cashback a year, redeemed against your card bill
- Benefit
First 90 days interest-free on shopping if you pay the minimum amount due
- Fees₹499
fee, reversed on ₹1.2 lakh of yearly spends
Standard Chartered Smart Credit Card rewards and cashback
| Where you spend | Rate | Monthly limit |
|---|---|---|
| Online shopping2% cashback on online transactions, up to ₹1,000 a statement cycle. The card network decides what counts as online, so online bill payments and travel bookings can also earn 2%. | 2% back | 1,000 |
| Everything else | 1% back | 500 |
No rewards on: Fuel, cash withdrawals, returned or disputed purchases, fees and charges. Bill payments through BillDesk or StanChart Bill Pay earn cashback only for telecom, electricity, water and gas billers.
All reward rules
- 1% cashback on offline spends, up to ₹500 a statement cycle. With the ₹1,000 online limit, the most you can earn is ₹1,500 a statement cycle, or ₹18,000 a year.
- The limits apply to the whole account: the primary card and add-on cards share them.
- There is no minimum transaction size and no minimum spend to earn cashback.
- Cashback collects on the bank's 360 Rewards portal. You can redeem it against your card bill once you have ₹2,500, and then in steps of ₹1,000 (₹2,500, ₹3,500 and so on). The bank charges no fee for cashback redemption. One rupee of cashback is worth ₹1.
- For the first 90 days after the card is issued, you can pay only the minimum amount due on the first three statements without paying interest on shopping. This does not cover cash withdrawals or EMIs.
- Purchases can be turned into a 3-month EMI at 0.99% a month with no processing fee.
What the Standard Chartered Smart Credit Card gives back in a year
Say you spend ₹30,000 a month, like our “online shopper” pattern. Worked out with the same maths as the calculator above.
| Spending | A month | Back | A year |
|---|---|---|---|
| Groceries | ₹3,000 | 1% | ₹360 |
| Dining and food delivery | ₹2,000 | 1% | ₹240 |
| Online shopping | ₹18,000 | 2% | ₹4,320 |
| Travel | ₹1,000 | 1% | ₹120 |
| Fuel | ₹1,000 | 0% | ₹0 |
| Bills and utilities | ₹2,000 | 1% | ₹240 |
| Everything else | ₹3,000 | 1% | ₹360 |
| Total | ₹30,000 | ₹5,640 | |
| Renewal fee with GST | Waived | ||
| You keep | ₹5,640* |
Standard Chartered Smart Credit Card annual fee and charges
- Joining fee
- ₹499
- Annual fee
- ₹499
- Fee waiver
- ₹1,20,000 a year
- Foreign currency markup
- 3.5%
Joining fee ₹499 and renewal fee ₹499, both before GST. The bank currently waives the first-year fee as a special offer, but not for people who already hold a Standard Chartered credit card. From the second year, the renewal fee is reversed if you spent ₹1.2 lakh or more on the card in the year before.
Standard Chartered Smart Credit Card eligibility
- Age
- 21 to 65
Applicants aged 21 to 65 with a stable monthly income, living in a city where the bank issues credit cards. Add-on cardholders must be 18 or older. The bank does not publish a minimum income.
The bank alone decides approval and your credit limit.
Standard Chartered Smart Credit Card lounge access
The bank's terms list no fixed number of free airport lounge visits on this card.
Is the Standard Chartered Smart Credit Card right for you?
A card with a ₹499 fee that spending can waive, paying 2% on online shopping and an above-average 1% elsewhere.
Worth its fee if you spend about ₹4,000 a month or more. Below that, the ₹499 fee costs more than the card gives back on spending like the example above.
Good for you if
- You spend a lot on online shopping: the card pays 2% back there, against 1% on most other spends.
- You spend ₹1,20,000 a year or more (about ₹10,000 a month), so the ₹499 renewal fee is waived.
Not for you if
- You spend less than about ₹10,000 a month: you would pay ₹589 a year with GST.
- You spend more than ₹50,000 a month on online shopping: the higher rate stops there.
Check the latest fees and terms on the bank's page before you apply.
Alternatives to Standard Chartered Smart Credit Card
Two similar cards to weigh up before you apply. The last column shows what each may be worth on ₹30,000 a month of mixed spending, after the renewal fee with GST. Rates paid only at named brands are not counted, so a brand card can earn more if you shop there.
| Card | Annual fee | Rewards up to | You keep a year |
|---|---|---|---|
| Standard Chartered Smart Credit Card | ₹499 | 2% | ₹4,200* |
| HSBC Live+ Credit Card | ₹999 | 10% | ₹17,100* |
| Cashback SBI Card | ₹999 | 5% | ₹6,720* |
If most of your spending looks like the example above, the HSBC Live+ Credit Card may suit you better: it would leave you ₹12,360 a year, against ₹5,640 with the Standard Chartered Smart Credit Card.
*Estimate only, not a promise. We work it out from the bank's published terms and the spending you enter. What you actually get depends on the bank, your transactions and any change in its terms.
Frequently asked questions
How much cashback does the Standard Chartered Smart Credit Card give?
2% on online transactions, up to ₹1,000 a statement cycle, and 1% on other spends, up to ₹500 a statement cycle. So the most you can earn is ₹1,500 a cycle. Fuel and cash withdrawals earn nothing.
How do I redeem Smart Credit Card cashback?
Log in to the bank's 360 Rewards portal and redeem against your card outstanding. You need at least ₹2,500 of cashback, and you redeem in steps of ₹1,000. The credit shows on your card within 3 working days, with no redemption fee.
Is the Standard Chartered Smart Credit Card free?
The fee is ₹499 plus GST. The first-year fee is waived as a special offer for new Standard Chartered cardholders. From the second year, the fee is reversed if you spent ₹1.2 lakh or more on the card in the previous year.
What is the 90-day interest-free period on the Smart card?
For the first 90 days after the card is issued, you can pay only the minimum amount due on the first three statements and pay no interest on shopping. From the fourth statement, you must pay the full amount due by the due date. Cash withdrawals and EMIs are not covered.