M16S / Standard Chartered / Standard Chartered Rewards Credit Card
entry · rewards
Standard Chartered Rewards Credit Card
The Standard Chartered Rewards Credit Card costs Rs 1,000 a year, waived if you spend Rs 1,50,000 in a year. Its base return is 0.67% (4 RP per Rs 150 on retail spends). Accelerated earn: Extra 4 RP per Rs 150 on retail spend once spend in the statement cycle exceeds Rs 20,000. The forex markup is 3.5%. Lounge visits in India: 1 per calendar quarter, for primary and supplementary cardholders individually. Read from the issuer's own documents on 11 Oct 2026.
- Annual fee
- Rs 1,000+ GST
- Fee waived at
- Rs 1,50,000annual spend
- Base return
- 0.67%
- Forex markup
- 3.5%
- Interest
- 3.75%a month
Apply on sc.bank.inOpens the bank’s own page.
Fees
| Joining fee | Free |
|---|---|
| Annual fee | Rs 1,000 |
| Annual spend that waives the fee | Rs 1,50,000 |
| Fee notes | No joining fee. Rs 1,000 renewal from year 2, reversed on spend of Rs 1,50,000 or more in the previous year. If the fee is paid and not reversed, 4,000 reward points are credited within 60 days. Supplementary card Rs 1,000 from year 2. |
Rewards
| Welcome benefit | None stated; first year free |
|---|---|
| Reward currency | Reward Points |
| Base earn | 4 RP per Rs 150 on retail spends |
| Base return | 0.67% |
| Point value | 1 RP = Rs 0.25 on the catalogue; 1 RP = Rs 0.20 against statement outstanding (minimum 1,000 points, multiples of 100) |
| Accelerated earn | Extra 4 RP per Rs 150 on retail spend once spend in the statement cycle exceeds Rs 20,000 |
| Caps | Bonus points capped at 2,000 per statement cycle. No cap on base points. |
| Spends that earn nothing | No points on fuel and cash withdrawals/advances, fees and finance charges. Government and insurance spends earn 1 RP per Rs 150. |
| Milestone benefits | 4,000 reward points on payment of the annual fee where the fee is not reversed |
| Reward notes | base_return_pct = 4 RP per Rs 150 x Rs 0.25 = 0.67% (0.53% if taken as statement credit). With the bonus, spend above Rs 20,000 in a cycle returns 1.33% until the 2,000-point cap, i.e. on the next Rs 75,000. Rs 99 redemption fee. Points are also earned on EMI-converted transactions. The page and FAQ differ on whether the bonus covers only retail spend or all categories except government and insurance. Expiry not stated. |
Travel and perks
| Domestic lounge | 1 per calendar quarter, for primary and supplementary cardholders individually |
|---|---|
| International loungeunverified | None |
| Lounge conditions | No spend condition stated. Rs 25 authorisation (Mastercard) taken for validation and not charged. |
| Forex markup | 3.5% |
| Fuel surcharge waiver | 1% waiver on fuel transactions of Rs 400-2,000, capped at Rs 400 per statement cycle |
Charges and eligibility
| Interest per month | 3.75% |
|---|---|
| Late payment fee | On statement outstanding: nil up to Rs 100; Rs 100 for Rs 101-500; Rs 500 for Rs 501-5,000; Rs 700 for Rs 5,001-10,000; Rs 1,200 above Rs 10,000; plus Rs 100 if the minimum due is unpaid for 2+ consecutive months |
| Cash advance fee | 3% min Rs 300 |
| Fine-print notes | Card page and product T&C read. The page says the card is on Mastercard; the T&C also carries Visa lounge terms. The page has no online apply button: 'To apply, visit nearest branch or call contact center'. Rent payments (MCC 6513) carry a 1% processing fee. Age and income criteria are not published on the page. Forex 3.5% is from the tariff page. Conflict: the tariff page (slabs effective 1 May 2024) charges Rs 1,200 above Rs 10,000, while some product pages still show an older table (Rs 800 for Rs 10,001-25,000; Rs 1,200 above Rs 25,000). The tariff page figure is recorded. |
Questions
- What is the annual fee of the Standard Chartered Rewards Credit Card?
- Rs 1,000 a year, before GST. It is waived if you spend Rs 1,50,000 in a year.
- Does the Standard Chartered Rewards Credit Card give airport lounge access?
- Yes. In India: 1 per calendar quarter, for primary and supplementary cardholders individually. Outside India: none listed. Conditions: No spend condition stated. Rs 25 authorisation (Mastercard) taken for validation and not charged.
- What is the forex markup on the Standard Chartered Rewards Credit Card?
- 3.5% of each foreign-currency transaction, before GST.
- Which spends earn no rewards on the Standard Chartered Rewards Credit Card?
- No points on fuel and cash withdrawals/advances, fees and finance charges. Government and insurance spends earn 1 RP per Rs 150.