Standard Chartered Platinum Rewards Credit Card: Key Features, Benefits, and All You Need to Know

With credit cards being an integral aspect of our daily routines, how to choose the right one for you is important as well the right card based off your spending. Whether you want rewards, cashback, or exclusive deals, this card has it all that you want to utilise in a lively way to make the most out of your expenditure.
This is a credit card meant for a great rewards program and there are plenty of perks for people who are regular shoppers, travelers, and those who love to enjoy the finer things in life. In this post, we break down the features, benefits, fees, eligibility rules, etc., to help you decide if this is the right credit card for you and your family.

Summary of the Standard Chartered Platinum Rewards Credit Card

The Standard Chartered Platinum Rewards Credit Card is an exclusive card for those shop, dine, travel and earn rewards. It’s particularly notable in the market for a high earnings rate for both online and offline spending, and the array of other privileges is affords its cardholders.
Whether you want to shop, dine out or make everyday purchases while racking up rewards points, this card provides some good value options.

Benefits of the Standard Chartered Platinum Rewards Credit Card

Joining Fee:

How much is the joining fee for Standard Chartered Platinum Rewards Credit Card?– ₹499 + applicable taxes. Compare this fee with other premium credit cards on the market, particularly given that there is an extensive list of rewards and benefits that come with the card.

Renewal Fee:

The renewal fee is ₹499 + taxes, however this fee gets waived off if you have spent ₹1,00,000 or more on retail purchases in the previous year.

Reward Points System:

• 5X Rewards on online and youngspends (up to ₹25,000 a month). That extends to online retailers as well, which is perfect for anyone who does a lot of shopping online.

• 1 Reward Point per ₹150 on all other spends (except fuel).

• Redeem Reward Points for over 500 redemption options including Flight tickets, Hotel stays, Movie and DTH vouchers.

Travel Benefits:

Receive free lounge access at most large domestic airports with this, it's very well suited for business travellers.
The card also comes with travel insurance, to make travelling a bit more stress-free.

Dining Privileges:

The card offers a range of special discounts at participating restaurants. If you love dining in the most exclusive and trendiest of places nationwide, then you will get to save big time with the First Class Dining Card!

Fuel Surcharge Waiver:

Enjoy 1% value back as fuel surcharge waiver, is one of the best credit card for those who regularly fills the car at the petrol pump.

Cashback:

This card is going to give you more along the lines of reward points, but they occasionally offer deals that give cashback on select categories. "Cardholders can save some more on everyday purchases.”

Advantages of the Standard Chartered Platinum Rewards Credit Card

Now that we went over the basic features, let’s take a closer look at the biggest pros of this credit card:

High earn rate for both online and in-store spending

The Standard Chartered Platinum Rewards Credit Card also promotes 5X reward points on online transactions as one of its key USPs, and this is quite appealing for those of you who are regular online shoppers.
Also a great card for those who have a lot of online spends as this card gives points on every ₹150 spent online, and the points earn rate is much higher.
To add to this, users can also earn 1 reward point for every INR 150 spent on all other transactions -- online and offline, excluding fuel transactions.
This expands the opportunities to earn your rewards points, as you can earn your points on all other everyday purchases such as groceries, dining, entertainment, and more.

Complimentary Airport Lounge Access

For regular travelers, you can take comfort in the free lounge access provided with this credit card. It also gives cardholders complimentary access to certain domestic airport lounges, which is a great free perk to have during extended layovers or before a flight.
So instead of being crammed in with all the #JustBoarded passengers, you can chill out in a comfy lounge, raid the snacks and take advantage of on-site tech, like free Wi-Fi and charging points.
This is again a bonus for the frequent flier on business or pleasure as it makes the total airport experience much more pleasurable.

Travel and Shop Using Reward Points

The reward points redemption is one of the most supreme features of Standard Chartered Platinum Rewards Credit Card.
As a card member, you can redeem your earned points for lots of phenomenal rewards, choices such as hotel bookings, flights, gift vouchers, shopping and a lot more.
For example, you can redeem the points to purchase flight tickets through online travel agencies or for hotels. The rewards are also payable for gift vouchers for top stores, so if you are a shopaholic you can easily make the most out of your shopping sprees.

Exclusive Dining Privileges

Enjoy dining out even more with special dining privileges on this credit card.
The Standard Chartered Platinum Rewards Credit Card has partnered with some of the most luxurious restaurants in the country to provide you with special discounts and promotions.
No matter if you are with the family, friends or business partners, you’ll relish premium discounts and get more bang for your buck at participating dining establishments.

Fuel Surcharge Waiver

The 1% fuel surcharge waiver is a very useful benefit for those who frequently use their cars.
With increasing fuel prices, just save once and the card will easily pay for the annual fee.
Regardless of whether you fill your tank once a week or more often, this little benefit can quickly quantity to a significant sum.

How the Standard Chartered Platinum Rewards Credit Card Compares to Other Credit Cards

Now that you know about all the perks of the Standard Chartered Platinum Rewards Credit Card, see how it compares against other cards.

Standard Chartered Platinum Rewards Credit Card’s reward program is among the best across premium credit cards sans the exorbitant fees that come tagged with such cards.
The Standard Chartered Platinum Rewards Credit Card is not only cheaper for the first year, but the subsequent years as well, given the spread of features and benefits on it compare to some other premium credit cards in the market.

Eg:- HDFC Regalia Credit Card or Citi Rewards Card provides a point for spends but the redemption rate of these points against online spends may not be much or it may not provide you the same kind of dining and travel benefits as that of a Standard Chartered Platinum card.
It is an attractive card for frequent travelers with complimentary airport lounge access and waiver of fuel surcharge.

Other cards, like the American Express Platinum Travel Card, are great for travel benefits but they have a much higher fee for most people.
On the other side of the fence, the Standard Chartered Platinum Rewards Credit Card is providing a comparable proposition at half the cost, so far proving itself to be a worthy competitor in the premium credit card business.

Eligibility Criteria

Check the following eligibility criteria of the Standard Chartered Platinum Rewards Credit Card before applying for this credit card:

• Age: 21 years to 60 years as on date of applications.

• Income: Should be earning at least ₹6 lakhs per annum (Note: This may differ based on the requirement of each location).

• Credit history: Applicant must have good credit score (typically more than 750), to increase chances of approval.

Always confirm with the bank on the updated eligibility criteria and document requirements.

Final Thoughts

The Standard Chartered Platinum Rewards Card is a great option if you want a good all-rounder card which provides good value in many different categories.
This focuses primarily on the high rewards rate for spends made online as well as offline, exclusive travel and dining privileges, and other offerings including a fuel surcharge waiver, ensuring a little something for everyone.
Whether you are a shopaholic, frequent traveller or a foodie the Standard Chartered Platinum Rewards Credit Card offers maximum rewards, luxury perks and best in class privileges.
It’s an excellent option for people who want to earn rewards on their everyday spending but don’t want to pay big annual fees to do so.
If you value travel perks, dining benefits and the ability to redeem rewards flexibly, this credit card could be an excellent option for you.