Standard Chartered Rewards Credit Card: A Full Review

"Our review of Standard Chartered Rewards Credit Card"

Credit cards are effective financial tools when it comes to managing money and getting rewarded for purchases you make every day. Given the number of credit cards available in the market today, the Standard Chartered Rewards Credit Card is a good option for people who want to earn and redeem rewards and enjoy a range of other perks. Whether you’re in the market for prosaic everyday purchases or more decadent treats, this card is constructed to meet the needs of a variety of consumers.

In this blog, let’s take a closer look at everything there is to know about the Standard Chartered Rewards Credit Card, its features, benefits, fees, eligibility, etc. At the end, you should have a sense of why this credit card might become the newest must-have in your wallet.

Standard Chartered Rewards Credit Card Review

Overview of the Standard Chartered Rewards Credit Card

Details:

• Annual Fee: 0
  
  
• First Year Annual Fee: Nil
  
  
• Interest Rate (annual): 26.80%
  
  

Eligibility Requirements:

• Minimum Annual Income:
  
  
• Indian Residents: ₹7.2 Lakhs
  
  
• Foreign Nationals (if applicable): ₹14.4 Lakhs
  
  
• Age Requirements: 21 – 65 years
  
  
• Period of Time to Repay: 36 months or less
  
  
• Minimum Repayment: 50% of outstanding balance or fixed sum (whichever is higher)
  
  

Other Benefits:

• 5x reward points will be awarded for every ₹60 spent on online transactions and Visa payWave.
  
  

Contacts:
Rewards Enquiries: 1800 345 1000 or Standard Chartered customer support (India-specific)

Key Features of the Standard Chartered Rewards Credit Card

Rewards Points System

The rewards points program of the Standard Chartered Rewards Credit Card is one of the key highlights. You can earn rewards points on all purchases with the card. The points are exchangeable for a host of rewards such as shopping vouchers, products and discounts at petrol stations.

• 1 Reward Point on every spend of ₹150 on all purchases such as grocery, dining and other spends.
  
  
• 2 Reward Points on every ₹150 spent at exclusive partner merchants.
  
  
• Extra Points via Seedling Wallet to accelerate point accumulation.
  
  

Welcome Bonus

The Standard Chartered Rewards Credit Card has a New Customer Welcome Bonus on offer. You'll receive 500 bonus reward points with your first card purchase!

Rewards Redemption Options

• Gift Cards: Redeem points for gift cards at top Indian online and retail outlets.
  
  
• Travel Perks: Use points to get discounts on flights, hotels, and travel expenses within India and abroad.
  
  
• Shopping and Merchandise: Redeem for products via the Standard Chartered Rewards Catalogue.
  
  
• Cashback: Some redemptions may allow conversion of points to cashback credited directly to your card account.
  
  

Exclusive Offers

• Dining Offers: Discounts at Indian restaurants partnered with Standard Chartered.
  
  
• Shopping Discounts: Exclusive deals across Indian e-commerce and offline retailers.
  
  
• Travel Offers: Discounts on domestic and international bookings.
  
  

Security and Fraud Protection

• No Liability on Fraudulent Transactions (if reported quickly).
  
  
• EMV Chip Technology: Enhanced transaction security via chip-based encryption.
  
  

No Annual Fee for First Year

There is no annual fee in the first year, and fees may be waived in future years based on your spending behavior.

Advantages of the Standard Chartered Rewards Credit Card

Flexibility in Reward Redemptions

Redeem points for gift vouchers, travel, merchandise, or cashback—according to your lifestyle preferences.

Low Interest Rates

The card comes with comparatively lower interest rates than other reward cards in India, making it manageable for those carrying forward balances occasionally.

Easy Access to Customer Service

• 24/7 Helpline for card-related queries
  
  
• Chat Support through the Standard Chartered mobile app
  
  
• Email Support for escalations
  
  

Global Acceptance

Use your Visa-powered Standard Chartered Rewards Credit Card anywhere in the world, including international online platforms.

Eligibility Criteria for the Standard Chartered Rewards Credit Card

• Age: 21 to 60 years
  
  
• Income:
  
  
• Salaried Individuals: Minimum monthly income of ₹25,000
  
  
• Self-Employed: Income criteria varies
  
  
• Credit Score: 750+ preferred
  
  

Conclusion

There are several credit cards that would help you earn miles or rewards even receipts should it be included within the benefits/considerations, but what are we focusing on is the “Standard Chartered Rewards Credit Card”. This card is the best choice for rewards lovers due to its rewarding points system, easy redemption and the fact that for the first year you are playing with no annual fee.

Whether you want to save money on eating out, shopping and travel, or you wish to earn rewards on your daily spend, the Standard Chartered Rewards Credit Card is worth it. This card has low-interest rates, convenient customer service, and all-round security features for a complete package for anyone who wants to stretch their credit card that little bit further.

Whether you are looking for a new credit card that provides generous rewards, low fees and unique benefits, the Standard Chartered Rewards Credit Card is a good contender.