Standard Chartered Platinum Rewards Credit Card Review
Author And Publisher: Gyro 3.oStandard Chartered Platinum Rewards 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 Platinum Rewards Credit Card Review: 5X Rewards on All Spends with Complimentary Lounge Access
introduction
Standard Chartered Platinum Rewards Credit Card is positioned as a lifetime free* rewards card that offers strong value on everyday spends, especially for customers who frequently spend on dining and fuel. Cardholders earn 5X reward points on every INR 150 spent at fine-dining outlets and on fuel, along with 1X reward point on other categories, with no monthly cap on rewards earned. The card also features contactless payments, supplementary lifetime-free add-on cards, enhanced online transaction security, and simple digital payment and account management through online banking and the SC Mobile app, making it a convenient entry-level rewards product.
key features and benefits
Fee structure
- Zero Annual and Joining Fees*
(Spend of Rs 500 or more within 30 days from card issuance to avoid levy of onetime fee of INR 250 + GST).
Reward Structure
- 5 reward points for every INR 150 spent on dining and fuel with no monthly cap on the rewards earned.
- 1 reward point, with the best rewards credit card by SC, for every INR 150 spent on all other categories.
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
Best For: Consistent Spenders and Reward Maximizers
Ideal for professionals with steady monthly spends of ₹20,000+ who prefer simple, uncategorized rewards. With 5 Reward Points per ₹150, users can earn over ₹1,000 in annual value on ₹30,000 monthly spends—making the Platinum Rewards Card both high-earning and effectively free once the fee waiver is achieved.
Practical Considerations
Fees & Charges Summary
- annual fee: nil.
- Joining fee: ₹250 + GST (waiver on spending ₹500 within 30 days of card Issuance).
- forex: 3.5% + taxes.
- interest: 3.75% per month (45% p.a).
Applicant's age should be between 18 and 65 years; minimum age for add-on cardholder is 18 years.
Applicants should have a stable monthly income.
Applicants should belong to the bank's credit card sourcing cities/locations.
All applications are subject to the bank's credit and other policy checks.
Identity proof: Any one photo ID (Passport, Voter ID, Govt ID, etc.); PAN Card required.
Address proof: Any one with current address.
1 recent passport-sized photograph.
Salaried: Latest one-month salary slip.
Self-employed businessmen: Latest IT returns with income computation/certified financials.
Self-employed professionals: Latest IT returns; business continuity proof.
Redemption Options
standard Chattered rewards portal
Platform: Via SC's 360° Rewards website or mobile app.
Redemption Catalog: 500+ partner brands offering - vouchers, gift cards, lifestyle products, etc.
- To mirror your practical style, the sweet spot is routing all fuel and restaurant bills to this card to exploit uncapped 5X earning, then periodically redeeming accumulated points for high‑value gift vouchers or statement credit while keeping non‑accelerated spends limited or pushed to more rewarding co‑branded or travel cards in the wallet.
Ideal User Profile
Urban commuters who drive daily and spend regularly on dining out.
Salaried professionals wanting a simple, low‑maintenance, lifetime‑free rewards card.
Intermediate users not ready to pay for premium travel or lifestyle credit cards.
Final Thoughts
Strengths
Lifetime‑free positioning with just a one‑time ₹500 usage condition.
uncapped 5X rewards on two high‑frequency categories (fuel and fine dining).
Limitations
No lounges.
no category‑leading online or travel multipliers.
1X base earn rate that feels modest when compared to broader multi‑category cards.
This review offers a clear and balanced overview of The Standard Chartered Platinum Rewards 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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