Standard Chartered Manhattan Credit Card Review
Author And Publisher: Gyro 3.oStandard Chartered Manhattan Credit Card
Financial Expert Advice
Choose Your First (or Next) Credit Card Wisely
Maintain Two Credit Cards: One For Routine Expenses And Auto-Debits, And Another Reserved For Emergencies. Avoid Pursuing Rewards; Prioritize Financial Stability And Discipline.
Standard Chartered Manhattan Credit Card Review: 5% Grocery Cashback and 3X Rewards on Everyday Spends
introduction
The Standard Chartered Manhattan Platinum Credit Card is a shopping-focused cashback and rewards card that rewards everyday spending, especially at supermarkets. Cardholders earn 5% cashback at supermarkets and 3x reward points on all other expenses, which can be redeemed for a wide range of products via the 360° Rewards portal. The card runs on the Visa network and also offers supplementary lifetime-free add-on cards, contactless payments, secure online transactions with 3D Secure OTP, and access to digital payment solutions like BharatQR, BBPS, Samsung Pay, and convenient management through online banking and the SC Mobile app.
key features and benefits
Welcome Benefit
- 5000 Reward Points on payment of Joining Fees.
Reward Structure
- 5% cashback at supermarkets*
- Get 3x rewards when you use your credit card for all other expenses.
Offers and discounts
- Enjoy a host of offers and discounts across shopping, travel, and more with exclusive offers on your card.
additional perks
Extend the credit card benefits to up to 2 family members. Spread the joy with them!
Use contactless credit card & enjoy complete freedom cash transaction with faster checkouts & secure payments.
Enjoy enhanced security for online transactions on your credit card through 3D secure OTP Verification.
Avail wide range of instant payment solutions like BharatQR, Bharat Bill Payment Solution (BBPS) & Samsung Secure Pay.
With Kuch bhi on EMI option, convert your big spends above ₹ 2,000 to easy EMI through online banking or SC Mobile. Get attractive pricing & flexible tenure options.
Get loan up to ₹ 5,00,000 on your credit card with flexible tenure from 12 to 60 months.
Transfer card balance from other bank credit cards up to ₹ 5,00,000 at attractive interest rate.
Card Essential
Rewards and Benefits Analysis
Practical Considerations
fees & charges summary:
- annual fee: ₹999 + GST (Renewal fee reversed on spends greater than INR 120,000 in the previous year).
- Joining fee: ₹999 + GST.
- forex: 3.5% + taxes.
- interest: 3.75% per month (45% p.a).
Eligibility:
- Age: 21-65 years.
- Income: Stable monthly income.
- Requirements: Subject to bank's credit and policy checks.
- ID Proof: Passport, Voter ID, Govt ID, etc.
- PAN: PAN Card required.
- Address Proof: Aadhaar.
- Photo: 1 recent passport-sized photograph.
- Salaried: Latest 1-month salary slip.
- Self-Employed Businessmen: Latest ITR with income computation/certified financials + business continuity proof.
- Self-Employed Professionals: Latest ITR + business continuity proof.
Redemption Options
Standard Chartered 360° Rewards Portal
- Direct Statement Credit: Redeem points at ₹0.25 per point for immediate outstanding reduction—most practical for consistent value.
- E-Gift Vouchers: Access Amazon, Flipkart, Swiggy, and hotel brand vouchers; value per point varies by merchant and seasonal offers.
- Travel & Entertainment: Limited travel redemption options; no airline miles transfer or premium partnerships like premium cards offer.
- Merchandise Catalogue: Select lifestyle products available in rewards portal, though redemption value typically lags direct statement credit.
Ideal User Profile
- Urban families shopping weekly at Reliance Fresh, More, Hypercity.
- Department store regulars at Pantaloons, Shoppers Stop, Central.
- Middle-income households (₹8-25L income) with ₹10K+ monthly grocery spend.
- Disciplined spenders who pay full balances monthly without debt.
Final Thoughts
Strengths
5% cashback on supermarket and grocery spends addresses household budget priorities.
₹1,20,000 spend threshold for fee waiver is realistic for organized retail users.
₹10,499 annual benefit including joining bonus provides genuine value.
3x reward points on other spends beat entry-level card earning rates.
Flexible EMI, balance transfer, and dial-a-loan options for working-class needs.
Simple redemption with direct statement credit at ₹0.25 per point.
SC Mobile app ensures real-time transaction tracking.
3.5% overseas fee unsuitable for international travelers or foreign spending.
No lounge access and dining discounts.
Supermarket cashback lacks stated caps creating return uncertainty.
3 points per ₹150 yields only ₹750 annually on typical secondary spending.
₹1,20,000 spend requirement challenging for light users.
₹0.25 per point valuation needs bulk accumulation for meaningful redemptions.
This review offers a clear and balanced overview of The Standard Chartered Manhattan Credit Card’s strengths and limitations, helping readers make an informed choice about whether this card fits their
Spending Habits And Financial Goals.
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